Bit coin atm

[fit2grow]

Anyone use these things?

 

[SRhealth-Rachel]

we use, can i help you?

 

[fit2grow]

Sorry, should of been more specific. Bit coin is very new to me and was wondering would it be any easier to use there automated teller machines over the internet.

 

[cryptasm]

theres one by me that I've seen people use and they say it's the easiest way to but bitcoin. I've recently used Circle.com and thats pretty good too

 

[SecondAct]

theres one by me that I've seen people use and they say it's the easiest way to but bitcoin. I've recently used Circle.com and thats pretty good too

Circle just got out of the btc business. Coinbase or kraken. Both require verifying
Identity via scanned ID and recent bill showing mailing address match. For sending or receiving money, coinbase/kraken>blockchain wallet> vendor, and when the opposite when getting money protects anonymity, as the btc markets are tied to your real life.

The ATM's, while easy, have absurd fees associated with transactions if you're moving considerable money. Once you're established through kraken or coinbase(a bit of a pain, takes a week or so), you have the ability to move 50k a week fiat, unlimited BTC, weekly or monthly at a fraction of ATM fees.

 

[ThinkTank]

Anyone use these things?

I am far from an expert, however it will make sense when you actually do it.

• Download a wallet to your phone (BreadWallet, or something else). That will create your 'wallet'.
  
• Goto the ATM with cash, follow the onscreen prompts to load your wallet by displaying your wallets QR Code and holding that up to the ATM so that it can read it.
  
• Payout BTC via your wallet by scanning the receivers QR Code on your phone.

Some of the ATM's will also allow you to bypass the wallet and pay directly by scanning the QR Code and inserting cash. Have not tried this.

 

[IPGear]

Theres a cool wallet out there. "Jaxx"

It allows you to completely separate from the original bitcoins: all within the wallet. Once you have sent the BTC to the wallet you can use the BTC to buy alternative coins. With the alternative coins you buy new BTC. It adds a couple steps, some time, and theres some small transaction fees. But if you believe that most mixers are scams and that you really do not want your original purchase (maybe in your real ID) connected to your end purchase, its a great tool that you control, that completely breaks from the original blockchain, in our limited understanding.


IPG