Bitcoin atm

**Optional** · 09-07-19, 01:57 PM

Originally posted by mets119218

I just did a deposit on one. Fee high but it worked quickly question can you withdraw from these? If so how does it work ? Just scan your blockchain ? Only problem I had with this one was scanner was small up under a edge and I have a 8+ plus phone and couldn’t get the phone to fit lol and the fact that the gas station was in the worst part of town

Some are cash out and some are not.

But yes, redeeming bitcoin is almost as easy as buying it.

If you decide to keep using it, you can ring the phone number of the side and ask to be given a better rate. Many are 8-9% by default but you can negotiate 4-5% from most operators. If that one wont deal, find another machine.

**mets119218** · 09-07-19, 02:22 PM

Yeah I deposited 140 and got 120
I am thinking of buying some atm need to research it very few in my area wonder how profitable they are

**Ant23** · 09-07-19, 02:32 PM

Mets119218....coinflip has couple in our area. They are paying businesses about $150-$200 a month to put atm in their businesses. Store doesn't get any commission on the amount of $$ the atm makes per month but gets a flat rate. Can't put another atm within 15 miles of business that has one.
As far as the rate it is kinda high but you're paying for it being anonymous!!! Some atm machines have cash in/out and Optional was right about calling and getting rates lowered. I got my fees down to lower than it was costing using debit card and/or buying bitcoin from coinbase. I will never deposit again with any other method than the Bitcoin atm. Glad there is one in our area!!

**Jnas** · 09-07-19, 03:13 PM

This site is good for listing Bitcoin ATM's and their rates

https://coinatmradar.com/

**thespeculator** · 09-08-19, 08:20 AM

Originally posted by Optional

Some are cash out and some are not.

But yes, redeeming bitcoin is almost as easy as buying it.

If you decide to keep using it, you can ring the phone number of the side and ask to be given a better rate. Many are 8-9% by default but you can negotiate 4-5% from most operators. If that one wont deal, find another machine.

so if you are sellingon atm how would confirmations. they can take quite a while sometimes

**littlekona** · 09-08-19, 08:47 AM

Originally posted by thespeculator

so if you are sellingon atm how would confirmations. they can take quite a while sometimes

the one near me prints a QR code and text messages once confirmation is made and you just go back and scan it then it pays out the cash...It took about 20 mins ive only done it once BUT i buy lots times..

Some will negotiate like digital mint but coinflip i have had no luck they wont negotiate a better rate though they are the lowest non negotiate rate in my area and send out the fastest

**Jordano5354** · 09-11-19, 05:23 PM

hate using bitcoin for some reason. so much hassle to deposit.

**littlekona** · 09-11-19, 05:45 PM

Originally posted by Jordano5354

hate using bitcoin for some reason. so much hassle to deposit.

yea way less hassle sending P2P to Miguel Macha Marie De Fransisco in Guatemala

**Ant23** · 09-11-19, 05:54 PM

Until you get blacklisted from both major p2p companies.......sux

**JamesBrown** · 09-11-19, 06:00 PM

ATM near me is smooth. Buying rate sucks but selling rate is very good. I can sell it online and they text me when it's ready to be picked up at the machine so you don't have to sit there. I can do it without ID up to $500 per phone number. Download Burner app. Create new phone number each time. Costs pennies to do. Then reap the rewards without submitting verification.

**bookie** · 09-11-19, 09:35 PM

I really appreciate all the contributions to this thread. BTC ATM's are a corner of our world I've been meaning to look into, and you guys have given me some clues about what to look for.

**mrpapageorgio** · 09-12-19, 12:25 AM

Originally posted by JamesBrown

ATM near me is smooth. Buying rate sucks but selling rate is very good. I can sell it online and they text me when it's ready to be picked up at the machine so you don't have to sit there. I can do it without ID up to $500 per phone number. Download Burner app. Create new phone number each time. Costs pennies to do. Then reap the rewards without submitting verification.

Which ATM companies allow you to sell online and pickup the cash at the ATM? That'd be an extremely convenient option to be able to send Bitcoin from your mobile wallet at home without having to do the sale itself at the ATM and then just go to the ATM once confirmed and enter a code and collect the cash without having to stand around the gas station waiting for the transaction to confirm.

**JamesBrown** · 09-12-19, 08:20 AM

Originally posted by mrpapageorgio

Which ATM companies allow you to sell online and pickup the cash at the ATM? That'd be an extremely convenient option to be able to send Bitcoin from your mobile wallet at home without having to do the sale itself at the ATM and then just go to the ATM once confirmed and enter a code and collect the cash without having to stand around the gas station waiting for the transaction to confirm.

Coincloud

**mrpapageorgio** · 09-12-19, 08:47 AM

Originally posted by JamesBrown

Coincloud

Nearest one is 2 states away, but that's a service more of the ATM companies should implement.

**Ant23** · 09-21-19, 09:19 PM

Coinflip BATM in our area. A store had it in there location but were hardly ever open so I notified the coinflip corporate. They came down to NC from Chicago area & moved the BATM to one of my buddies convenient store. Gave him 3 months payment as soon as the BATM was secure in his store.

The icing on the cake was they cut me a "finders fee" check for couple hundred dollars!!! Needless to say they have my business!!!!

**BrickJames** · 09-23-19, 07:41 AM

Kind of off topic but does anyone know the fee to buy BTC at quickbit?

I here its fast and easy but the fee is not published on their website.