How does a Bitcoin ATM work?

**pimike** · 01-18-21, 12:29 PM

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

**johnnyvegas13** · 01-18-21, 12:29 PM

U use ur phone and scan QR code w machine

all take money only some offer payouts

all high fees

**pimike** · 01-18-21, 12:46 PM

Originally posted by johnnyvegas13

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.

**Brock Landers** · 01-18-21, 12:51 PM

Bring vaseline with you before taking it in the ass

**pablo222** · 01-18-21, 12:59 PM

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

**pimike** · 01-18-21, 01:11 PM

Originally posted by pablo222

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

I only use to buy

**Otters27** · 01-18-21, 01:51 PM

Originally posted by pablo222

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

How do you get a bit pay card?

**Otters27** · 01-18-21, 01:59 PM

Originally posted by johnnyvegas13

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

**pablo222** · 01-18-21, 02:23 PM

Originally posted by Otters27

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

**pimike** · 01-18-21, 02:26 PM

404 Not Found

https://coinsource.net/can-i-withdraw-cash-from-a-bitcoin-atm/

**Hman** · 01-18-21, 02:45 PM

All of these high fees are starting to defeat one of the purposes of Bitcoin

**teacher10** · 01-18-21, 02:59 PM

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.

**Orbison** · 01-18-21, 03:04 PM

Originally posted by Brock Landers

Bring vaseline with you before taking it in the ass

the fees are ridiculous i agree. do you have a Bitpay card?

**newton0038** · 01-18-21, 03:08 PM

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.

**Hman** · 01-18-21, 03:12 PM

Originally posted by teacher10

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?

**pimike** · 01-18-21, 03:23 PM

Originally posted by newton0038

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

**pablo222** · 01-18-21, 03:23 PM

Bitpay fees would be far less than BTC ATM.

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

**teacher10** · 01-18-21, 03:47 PM

Originally posted by Hman

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

**Brewcity** · 01-18-21, 05:05 PM

Originally posted by Hman

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!

**pimike** · 01-18-21, 05:10 PM

Originally posted by Brewcity

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

**pablo222** · 01-18-21, 05:14 PM

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.

**teacher10** · 01-18-21, 06:13 PM

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

**johnnyvegas13** · 01-18-21, 06:17 PM

Originally posted by pablo222

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

**pablo222** · 01-18-21, 06:31 PM

Originally posted by johnnyvegas13

where can u get 200 cash back

I know Walmart and king Sooper offer 100 max

Northeast chain Hannafords.

**pavyracer** · 01-18-21, 06:53 PM

Do you need a shovel and a sieve to mine bitcoin?

**Brewcity** · 01-18-21, 06:59 PM

Originally posted by teacher10

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.

**cincinnatikid513** · 01-18-21, 07:04 PM

jj said ur from wichita , kansas

my step dad graduated from wichita state, big shockers fan

**Otters27** · 01-18-21, 07:08 PM

Originally posted by cincinnatikid513

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

**Brock Landers** · 01-18-21, 11:13 PM

Originally posted by Orbison

the fees are ridiculous i agree. do you have a Bitpay card?

yep

**hotcross** · 01-18-21, 11:22 PM

Originally posted by Hman

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