1. #1
    Otters27
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    How does a Bitcoin ATM work?

    You send bitcoin to the address and it spits out cash?

  2. #2
    pimike
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    Easy as can be. Just know it will cost 8% and up fees depending which machines you use. I use coin flip.

  3. #3
    johnnyvegas13
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    U use ur phone and scan QR code w machine

    all take money only some offer payouts

    all high fees
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  4. #4
    pimike
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    Quote Originally Posted by johnnyvegas13 View Post
    U use ur phone and scan QR code w machine

    all take money only some offer payouts

    all high fees
    That’s correct.

    It’s good to send. If it’s over 900 you need to get verified. Which is easy.

  5. #5
    Brock Landers
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    Bring vaseline with you before taking it in the ass

  6. #6
    pablo222
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    Don't go bitcoin ATM route. Get a Bitpay card.

  7. #7
    pimike
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    Quote Originally Posted by pablo222 View Post
    Don't go bitcoin ATM route. Get a Bitpay card.
    I only use to buy

  8. #8
    Otters27
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    Quote Originally Posted by pablo222 View Post
    Don't go bitcoin ATM route. Get a Bitpay card.
    How do you get a bit pay card?

  9. #9
    Otters27
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    Quote Originally Posted by johnnyvegas13 View Post
    U use ur phone and scan QR code w machine

    all take money only some offer payouts

    all high fees
    How do you know which ones give cash. Don't care about the fees

  10. #10
    pablo222
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    Quote Originally Posted by Otters27 View Post
    How do you get a bit pay card?
    Go to their website.

    You can use it at the grocery store, online, or at any ATM
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  11. #11
    pimike
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  12. #12
    Hman
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    All of these high fees are starting to defeat one of the purposes of Bitcoin

  13. #13
    teacher10
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    Definitely recommend Bitpay. Easy to use. You can either use it as a credit card or as an ATM card for cash. Sports book to Blockchain to Bitpay Wallet to Card.

  14. #14
    Orbison
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    Quote Originally Posted by Brock Landers View Post
    Bring vaseline with you before taking it in the ass
    the fees are ridiculous i agree. do you have a Bitpay card?

  15. #15
    newton0038
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    Do you need to hang out at the ATM waiting for the confirmations? Or is it instant? Waiting for confirmations could put a man at risk depending on ATM location and number of thugs that see you waiting....and then they know u gots the monies.

  16. #16
    Hman
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    Quote Originally Posted by teacher10 View Post
    Definitely recommend Bitpay. Easy to use. You can either use it as a credit card or as an ATM card for cash. Sports book to Blockchain to Bitpay Wallet to Card.


    But the fees are high as others are pointing out?

  17. #17
    pimike
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    Quote Originally Posted by newton0038 View Post
    Do you need to hang out at the ATM waiting for the confirmations? Or is it instant? Waiting for confirmations could put a man at risk depending on ATM location and number of thugs that see you waiting....and then they know u gots the monies.
    Funds your wallet ASAP

  18. #18
    pablo222
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    Bitpay fees would be far less than BTC ATM.

    And if you aren't in or near a city they are not close by.

  19. #19
    teacher10
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    Quote Originally Posted by Hman View Post
    But the fees are high as others are pointing out?
    Around $10 fees....of course it's not worth it for smaller transactions but anything more than $300 I feel like its worth it because of it's convenience

  20. #20
    Brewcity
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    Quote Originally Posted by Hman View Post
    But the fees are high as others are pointing out?
    Yea, I think its $2.50 fee for each atm withdrawal. But if you go inside a bank, you can do whats called a "debit card cash advance". Bitpay max at once is $2000, so 2.50 for 2k$. Not bad. And everytime I go to grocery store or Walmart, they let you do debit, type in your pin, and I get $100 cash back every time i go there, just because its free, no fees.
    Another thing you can do is go to Walmart, get a $ order, I think its like 79 cent fee or something and pay bills with it...cc, cable, cell...etc.

    There are ways where its not too bad. But your right, the fees can add up if you cash out alot. I had like over 20k on there in like September or October. I just bought a car last July, so everytime my payment is due, I just go do a debit card cash advance for 2k, throw it all on my car! Pretty nice to have 75% of my car pd for all cus I had the run of my life for a couple months!
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  21. #21
    pimike
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    Quote Originally Posted by Brewcity View Post
    Yea, I think its $2.50 fee for each atm withdrawal. But if you go inside a bank, you can do whats called a "debit card cash advance". Bitpay max at once is $2000, so 2.50 for 2k$. Not bad. And everytime I go to grocery store or Walmart, they let you do debit, type in your pin, and I get $100 cash back every time i go there, just because its free, no fees.
    Another thing you can do is go to Walmart, get a $ order, I think its like 79 cent fee or something and pay bills with it...cc, cable, cell...etc.

    There are ways where its not too bad. But your right, the fees can add up if you cash out alot. I had like over 20k on there in like September or October. I just bought a car last July, so everytime my payment is due, I just go do a debit card cash advance for 2k, throw it all on my car! Pretty nice to have 75% of my car pd for all cus I had the run of my life for a couple months!

    Good stuff

  22. #22
    pablo222
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    My grocery store lets me get 200 cash back. No fee.
    Go 3 times in a week and get groceries and 600 without any fees.
    Like teacher said it is a minimal fee each time you load the Bitpay card.

  23. #23
    teacher10
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    Good point Brew - I did forget to mention if you w/d money from ATM, the bank will charge you $2.50 for a w/d fee and Bitpay will charge an additional $3. I've never done what Pablo has mentioned so if you're worried about fees that would be a good route to take

  24. #24
    johnnyvegas13
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    Quote Originally Posted by pablo222 View Post
    My grocery store lets me get 200 cash back. No fee.
    Go 3 times in a week and get groceries and 600 without any fees.
    Like teacher said it is a minimal fee each time you load the Bitpay card.
    where can u get 200 cash back

    I know Walmart and king Sooper offer 100 max

  25. #25
    pablo222
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    Quote Originally Posted by johnnyvegas13 View Post
    where can u get 200 cash back

    I know Walmart and king Sooper offer 100 max
    Northeast chain Hannafords.

  26. #26
    pavyracer
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    Do you need a shovel and a sieve to mine bitcoin?

  27. #27
    Brewcity
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    Quote Originally Posted by teacher10 View Post
    Good point Brew - I did forget to mention if you w/d money from ATM, the bank will charge you $2.50 for a w/d fee and Bitpay will charge an additional $3. I've never done what Pablo has mentioned so if you're worried about fees that would be a good route to take
    There is lots of banks that don't charge anything for atm withdrawals, so it would be just bitpays fee. For the debit card cash advance, banks don't charge anything. The $2.50 is bitpay fee.

  28. #28
    cincinnatikid513
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    jj said ur from wichita , kansas

    my step dad graduated from wichita state, big shockers fan

  29. #29
    Otters27
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    Quote Originally Posted by cincinnatikid513 View Post
    jj said ur from wichita , kansas

    my step dad graduated from wichita state, big shockers fan
    Haha. No. Jj said that I don't know why

  30. #30
    Brock Landers
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    Quote Originally Posted by Orbison View Post
    the fees are ridiculous i agree. do you have a Bitpay card?
    yep

  31. #31
    hotcross
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    Quote Originally Posted by Hman View Post
    All of these high fees are starting to defeat one of the purposes of Bitcoin

    So isn't it time more of out favorite books start accepting more ALTCOINS with lower fees and quicker network confirmation times, for both deposits and payouts?

    BM has altcoin options
    BOL has a few options, not as many, but helpful still

    Just a couple examples

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