Coinsource BTC ATM can eat a you know what for asking me do this.

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  • Doug tushyterror
    SBR MVP
    • 07-03-12
    • 4172

    #1
    Coinsource BTC ATM can eat a you know what for asking me do this.
    As you could see from my responses from their email, I provided more than enough pertinent info but apparently that's not enough. After literally getting on my knees & servicing that ATM with 22K over the last couple weeks of which they basically take out a long shark rate (10%..$2200), not even sure what I should do at this point. As much as I would love to call them & tell them to eat a dick with that $2200 they made off me (obviously BM picks up the fees but they don't know where it's going) it's the most convenient way to send & I would hate to lose this option. Should I just bite the bullet & do what they ask or try to find a different BTC ATM. (this one is literally right across this week from my bank).



  • stake1
    SBR Posting Legend
    • 12-19-18
    • 18116

    #2
    Fukkk them!!
    Comment
    • stake1
      SBR Posting Legend
      • 12-19-18
      • 18116

      #3
      that "infrastructure bill" the senate rammed thru has Btc regulations in there. they want control over it
      maybe that is why coinsource is pulling that BS on you now
      Comment
      • mjsuax13
        Moderator
        • 03-14-15
        • 24853

        #4
        Originally posted by Doug tushyterror
        As you could see from my responses from their email, I provided more than enough pertinent info but apparently that's not enough. After literally getting on my knees & servicing that ATM with 22K over the last couple weeks of which they basically take out a long shark rate (10%..$2200), not even sure what I should do at this point. As much as I would love to call them & tell them to eat a dick with that $2200 they made off me (obviously BM picks up the fees but they don't know where it's going) it's the most convenient way to send & I would hate to lose this option. Should I just bite the bullet & do what they ask or try to find a different BTC ATM. (this one is literally right across this week from my bank).



        Find a different one. It’s none of their god damn business.
        Comment
        • TheMetsSuck
          SBR Hall of Famer
          • 01-14-12
          • 6149

          #5
          I still don’t understand how they charge that much or why bookmaker would cover a 2000 fee
          Comment
          • TheMetsSuck
            SBR Hall of Famer
            • 01-14-12
            • 6149

            #6
            Most books are too cheap to pick up the m g 10 fees🤣
            Comment
            • DrunkHorseplayer
              SBR Hall of Famer
              • 05-15-10
              • 7719

              #7
              Ditch them as soon as possible.
              Comment
              • cincinnatikid513
                SBR Aristocracy
                • 11-23-17
                • 45360

                #8
                obv they suspect u are up to no good dougy terms of service



                4.2. Prohibited Use. In connection with your use of the Coinsource Services, and your interactions with other users, and third parties you agree and represent you will not engage in any Prohibited Business or Prohibited Use defined herein. We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request. We reserve the right to cancel and/or suspend your Coinsource Account immediately and without notice if we determine, in our sole discretion, that your Account is associated with Prohibited Use and/or a Prohibited Business.


                APPENDIX 1: PROHIBITED BUSINESSES AND PROHIBITED USE
                The following categories of businesses, business practices, and sale items are barred from Coinsource Services (“Prohibited Businesses”). By opening a Coinsource Account, you confirm that you will not use Coinsource Services to accept payments in connection with the following businesses, activities, practices, or items:
                  1. Operating as an unlicensed money transmitter, money service, payment service provider, e-money, or any other financial services business which requires licensure, including but not limited to exchanges of virtual currencies, sales of money orders or traveler’s checks, and escrow services
                  2. Counterfeit products or any product or service that infringes upon the copyright, trademark, or trade secrets of any third party
                  3. Stolen goods
                  4. Narcotics, controlled substances, prescription and pharmaceutical services, drug paraphernalia, or any substances designed to mimic illegal drugs
                  5. Gambling
                  6. Sports forecasting or odds making
                  7. Prostitution or illegal escort services
                  8. Violent acts towards self or others, or activities or items that encourage, promote, facilitate or instruct others regarding the same
                  9. Funding any of the items included on this Prohibited Businesses list
                  10. Extortion, blackmail, or efforts to induce unearned payments
                  11. Unlicensed sale of firearms and certain weapons
                  12. Engaging in deceptive marketing practice
                  13. Any business that violates any law, statute, ordinance or regulation
                Comment
                • Doug tushyterror
                  SBR MVP
                  • 07-03-12
                  • 4172

                  #9
                  Originally posted by TheMetsSuck
                  Most books are too cheap to pick up the m g 10 fees��
                  Gotta hand it to BM Mets, they cover all BTC ATM fees up to 15% as long as you email them the receipt within 24 hours. Seriously doubt any other book does that cuz that's like basically giving a 10% to 15% cash bonus without the RO requirement.

                  Comment
                  • Roger T. Bannon
                    SBR Hall of Famer
                    • 06-28-18
                    • 5139

                    #10
                    Bitcoin is for suckers.
                    Comment
                    • Roger T. Bannon
                      SBR Hall of Famer
                      • 06-28-18
                      • 5139

                      #11
                      I think Bookmaker's philosophy must be that if you are dumb enough to pay those kind of fees, you are pretty good investment.
                      Comment
                      • Doug tushyterror
                        SBR MVP
                        • 07-03-12
                        • 4172

                        #12
                        Originally posted by mjsuax13

                        Find a different one. It’s none of their god damn business.
                        Originally posted by DrunkHorseplayer
                        Ditch them as soon as possible.
                        As much as I would love to do that I really don't want to give up the convenience. Just the other day I withdrew from my bank at 9:05 a.m. & deposited into the BTC ATM & got a receipt 7 minutes later. The funny thing is after my 1st 5K max. daily limit purchase they increase it to $8500 & now it's an issue cuz I bought that amount twice in a 3 day period.
                        Comment
                        • PD77
                          SBR MVP
                          • 12-11-09
                          • 2381

                          #13
                          Did the BTC go straight from the ATM to Bookmaker? If so, they know exactly what you’re doing but it sounds like they want that 10% and they’re giving you an out. If I were you, I’d use your bank’s app to send wires to Gemini , costs 25 bucks. But you don’t get reimbursed for any fees. From your previous screenshots I know we use the same bank.
                          Comment
                          • Doug tushyterror
                            SBR MVP
                            • 07-03-12
                            • 4172

                            #14
                            Originally posted by cincinnatikid513
                            obv they suspect u are up to no good dougy terms of service



                            4.2. Prohibited Use. In connection with your use of the Coinsource Services, and your interactions with other users, and third parties you agree and represent you will not engage in any Prohibited Business or Prohibited Use defined herein. We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request. We reserve the right to cancel and/or suspend your Coinsource Account immediately and without notice if we determine, in our sole discretion, that your Account is associated with Prohibited Use and/or a Prohibited Business.


                            APPENDIX 1: PROHIBITED BUSINESSES AND PROHIBITED USE
                            The following categories of businesses, business practices, and sale items are barred from Coinsource Services (“Prohibited Businesses”). By opening a Coinsource Account, you confirm that you will not use Coinsource Services to accept payments in connection with the following businesses, activities, practices, or items:
                              1. Operating as an unlicensed money transmitter, money service, payment service provider, e-money, or any other financial services business which requires licensure, including but not limited to exchanges of virtual currencies, sales of money orders or traveler’s checks, and escrow services
                              2. Counterfeit products or any product or service that infringes upon the copyright, trademark, or trade secrets of any third party
                              3. Stolen goods
                              4. Narcotics, controlled substances, prescription and pharmaceutical services, drug paraphernalia, or any substances designed to mimic illegal drugs
                              5. Gambling
                              6. Sports forecasting or odds making
                              7. Prostitution or illegal escort services
                              8. Violent acts towards self or others, or activities or items that encourage, promote, facilitate or instruct others regarding the same
                              9. Funding any of the items included on this Prohibited Businesses list
                              10. Extortion, blackmail, or efforts to induce unearned payments
                              11. Unlicensed sale of firearms and certain weapons
                              12. Engaging in deceptive marketing practice
                              13. Any business that violates any law, statute, ordinance or regulation
                            Cinci I understand they gotta cover their ass from a legal point of view but charging 10% is about as criminal & predatory as it gets.
                            Comment
                            • cincinnatikid513
                              SBR Aristocracy
                              • 11-23-17
                              • 45360

                              #15
                              Originally posted by Doug tushyterror
                              Cinci I understand they gotta cover their ass from a legal point of view but charging 10% is about as criminal & predatory as it gets.
                              of course it is, i think u will have to find another bitcoin atm to use will be too hard answer those questions they want
                              Comment
                              • capitalist pig
                                SBR MVP
                                • 01-25-07
                                • 4996

                                #16
                                I’ve had good luck using coinflip atms, not the amount you’re doing though, and with a promo code I’ve had transactions for around 5%.All btc transactions are going to be coming under scrutiny as soon as the new infrastructure bill is passed. I’m sure all the legal onshore books lobbied and paid big bucks to do what they could to tighten btc transactions, it’s obviously in their best interest to make offshore btc transactions as difficult as possible
                                Comment
                                • Doug tushyterror
                                  SBR MVP
                                  • 07-03-12
                                  • 4172

                                  #17
                                  Originally posted by PD77
                                  Did the BTC go straight from the ATM to Bookmaker? If so, they know exactly what you’re doing but it sounds like they want that 10% and they’re giving you an out. If I were you, I’d use your bank’s app to send wires to Gemini , costs 25 bucks. But you don’t get reimbursed for any fees. From your previous screenshots I know we use the same bank.
                                  Straight to BM since I scanned their wallet address QR code to send. Money is in my account in under an hour unlike the obvious exchanges that take days.
                                  Comment
                                  • PD77
                                    SBR MVP
                                    • 12-11-09
                                    • 2381

                                    #18
                                    Originally posted by Doug tushyterror
                                    Straight to BM since I scanned their wallet address QR code to send. Money is in my account in under an hour unlike the obvious exchanges that take days.
                                    they know then, but like you said they’re the real criminals here. Email them back with what they requested and request for them to put one of their ATM’s in your living room. They should for 10%.
                                    Comment
                                    • lonegambler23
                                      SBR Hall of Famer
                                      • 06-22-16
                                      • 9761

                                      #19
                                      use cashapp or cypto.com app
                                      Comment
                                      • Doug tushyterror
                                        SBR MVP
                                        • 07-03-12
                                        • 4172

                                        #20
                                        Originally posted by lonegambler23
                                        use cashapp or cypto.com app
                                        Cashapp not exactly an option..unfamiliar with the other one

                                        Comment
                                        • cincinnatikid513
                                          SBR Aristocracy
                                          • 11-23-17
                                          • 45360

                                          #21
                                          send them a check in the mail old school
                                          Comment
                                          • PD77
                                            SBR MVP
                                            • 12-11-09
                                            • 2381

                                            #22
                                            It should be crypto.com They will all close your account eventually unless you use an intermediary wallet. I use one and I still get questions about transactions. If you tell them what they want to hear and they can’t prove otherwise, you’re good.
                                            Comment
                                            • pimike
                                              BARRELED IN @ SBR!
                                              • 03-23-08
                                              • 37139

                                              #23
                                              Originally posted by cincinnatikid513
                                              send them a check in the mail old school
                                              Heritage take that.

                                              Only problem it takes long before they credit your account.

                                              I miss Murphy he credit me right away upon proof I sent it.
                                              Comment
                                              • texhooper
                                                SBR Posting Legend
                                                • 01-05-09
                                                • 10001

                                                #24
                                                Doug this is good for you, you need as many barriers as possible to keep you from gambling your life away
                                                Comment
                                                • Doug tushyterror
                                                  SBR MVP
                                                  • 07-03-12
                                                  • 4172

                                                  #25
                                                  Originally posted by texhooper
                                                  Doug this is good for you, you need as many barriers as possible to keep you from gambling your life away
                                                  Good point tex but there are plenty of other BTC ATMs (just not as conveniently located). I'd love nothing more than for this last deposit to LITERALLY be my last deposit but we all know how that works
                                                  Comment
                                                  • Brock Landers
                                                    SBR Aristocracy
                                                    • 06-30-08
                                                    • 45360

                                                    #26
                                                    Use LOCALBITCOIN.COM

                                                    we've had this discussion before
                                                    Comment
                                                    • texhooper
                                                      SBR Posting Legend
                                                      • 01-05-09
                                                      • 10001

                                                      #27
                                                      Originally posted by Brock Landers
                                                      Use LOCALBITCOIN.COM

                                                      we've had this discussion before
                                                      Here we go again hahahaha….
                                                      Comment
                                                      • Doug tushyterror
                                                        SBR MVP
                                                        • 07-03-12
                                                        • 4172

                                                        #28
                                                        Originally posted by Brock Landers
                                                        Use LOCALBITCOIN.COM

                                                        we've had this discussion before
                                                        If it wasn't for this verification bullshit how could anything be more convenient than what I'm doing?
                                                        Comment
                                                        • texhooper
                                                          SBR Posting Legend
                                                          • 01-05-09
                                                          • 10001

                                                          #29
                                                          Send landers 10k and he’ll tell you all about it
                                                          Comment
                                                          • Brock Landers
                                                            SBR Aristocracy
                                                            • 06-30-08
                                                            • 45360

                                                            #30
                                                            Originally posted by Doug tushyterror
                                                            If it wasn't for this verification bullshit how could anything be more convenient than what I'm doing?
                                                            Far better offers, it's unbeatable for the amounts you're looking at as well
                                                            Comment
                                                            • Demonata
                                                              BARRELED IN @ SBR!
                                                              • 07-12-11
                                                              • 25829

                                                              #31
                                                              Use binance.
                                                              Comment
                                                              • themike78
                                                                SBR MVP
                                                                • 07-01-13
                                                                • 4873

                                                                #32
                                                                Localbitcoins is great. The only problem is they can only be used in 10 states now.
                                                                Comment
                                                                • SBR Tony
                                                                  Moderator
                                                                  • 01-31-18
                                                                  • 3934

                                                                  #33
                                                                  Originally posted by Doug tushyterror
                                                                  Straight to BM since I scanned their wallet address QR code to send. Money is in my account in under an hour unlike the obvious exchanges that take days.
                                                                  are you sure that their wallet address says, Bookmaker?
                                                                  wouldn't it be masked like other options when sending funds?

                                                                  Just wondering if that wallet address isn't some kind of foreign company name, and not exactly BM name.
                                                                  Comment
                                                                  • Brock Landers
                                                                    SBR Aristocracy
                                                                    • 06-30-08
                                                                    • 45360

                                                                    #34
                                                                    Originally posted by themike78
                                                                    Localbitcoins is great. The only problem is they can only be used in 10 states now.
                                                                    Where do you see that?

                                                                    Never had an issue in Illinois
                                                                    Comment
                                                                    • swordsandtequila
                                                                      SBR Hall of Famer
                                                                      • 02-23-12
                                                                      • 9756

                                                                      #35
                                                                      Originally posted by SBR Tony
                                                                      are you sure that their wallet address says, Bookmaker?
                                                                      wouldn't it be masked like other options when sending funds?

                                                                      Just wondering if that wallet address isn't some kind of foreign company name, and not exactly BM name.
                                                                      Their email says he typically sends purchased btc to a private wallet, then on to other destinations. And they'd like to know where Fuk them.
                                                                      Comment
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