Just found out that my city of 50k people had a tiny badass Bitcoin ATM machine installed 3 months ago in the mall (7AM-11PM restaurant). Tried it, so simple and cheap. $10 bill -> $9.47 in bitcoin. No SMS verification or anything. Coinatmradar.com tells you the closest ones for you.
[100 Points] moshe1:
[42 Points] NilesCraneFeelsGood:
HOLY FUCK! Thank you so much. I just discovered one like 45 minutes away! Holy hell! This is amazing. for opsec reasons I cant give details but this is in fact not a minor miracle but a full blown Xmas miracle and I fucking hate xmas.
[11 Points] Derrick4Real:
Jesus Christmas...I have almost 4 ATMs in a 3 block radius of my office. This is fantastic news!
19.7% markup on the other hand...meh.
Good looking out though! Now I have a plan B.
[7 Points] Unknown_60:
That exchange rate seems to good to be true, probably is too
[7 Points] DooshNozzzle:
smells shilly in here
[3 Points] None:
[deleted]
[4 Points] Tex402:
Does anyone know how much it would cost to set up one of these ATMs? Maybe I will set one up and make profit
[3 Points] IllSuckYourDickMan:
The link is https://coinatmradar.com/bitcoin-atm-near-me/
Manually enter the name of your city instead of using the "Share location" function of your browser, it's more precise.
[3 Points] pfcashington:
The atm machines around me be taxin
[2 Points] my_dn_account:
Has anyone done research on what it might take for an individual to acquire and manage a bitcoin ATM?
[2 Points] Trinklefat:
What do you actually get? I don't understand. You put 10 bucks in, what does it spit out? A paper wallet?
[2 Points] Ketsa:
All the train ticket machines in my hometown are also bitcoin ATMs.
Geneva, Switzerland.
[2 Points] Hes_a_Goodboy:
So the BTM charges you 5.3% and has no KYC? Hard to beleive but if true you are doing very well as far as mitigating markups. Keep that machine a secret.
[2 Points] car_racer09:
My closest one is over 1000 miles away. #alaskanproblems
[1 Points] None:
[deleted]
[1 Points] incog0002:
apparently there is one in the mall close to me as well, Im gonna feel really retarded when i see it and realize ive been walking past it forever.
Does this get deposited into a separate wallet? How does the direct cash to BTC work when you get it done where does it go?
[1 Points] banksnsons:
5% fee hmm
[1 Points] basinko:
Found one 29 miles away, but only 4 miles from my job.
[1 Points] frones:
Could you ever just deposit directly to a vendors wallet? Like hypothetically if there was a vendor I trusted, would that be viable?
[1 Points] None:
Holy shit! Thank you, found one a couple miles from me!
[1 Points] TheCheeseConspiracy:
Most of these have KYC/AML rules built in. $10 bucks requires no verification, but if you're buying 10k a week the machine is going to want id scan/sms/etc. I think the rules can be set by the operator, but they come with default settings that the manufacturers recommend.
[1 Points] ZeQueenZ:
I don't understand why this is something to be excited about. Please ETMLIA5
[1 Points] koolbus:
Thank you 😍
[1 Points] TrippyPanda47:
This actually might be useful, thank you.
[1 Points] mad87645:
Thanks OP. I only ever knew of 1 ATM in my city beforehand that had a 25% markup on it, but I just found 3 with a less than 10% markup
[1 Points] battle:
Would have been nice to know this before bitcoin spiked recently.
[1 Points] BattleOfReflexPoint:
Every time someone posts about how they can't get bitcoins has made me feel blessed that I have an ATM less than a block away, theres actually 3 more just a few streets over. They are all buy only, but thats fine for me.
[1 Points] LBNorris219:
Haha I thought this was a joke. Looked it up and found out there's actually 20 within an eight-mile radius and one is a five-minute walk away.
[1 Points] Dextril:
Except I'm not buying $10 worth of bitcoin. There's a 14% fee and I'd rather use circle who charges me nothing.
[1 Points] Kingofhash:
Game changer! Have at least ten in my city! Dope to try them out
[1 Points] schwillynelson89:
nice there are some in charltte as well. Tired of dealing with the LibertyX corner store idiots.
[1 Points] magroobz:
I used an app called liberty x
as clickbait shill this sounded i discovered 2 atms within a 5 minute drive for me so fuck it upvotes lmoa
they are at 10%, and 7.5% and one says unkown?