I used one a couple months ago. They allow you to put "cash" in for one thing. The biggest problem was the exchange rate. I think I paid like $35,700 for bitcoin that was trading at like $33,900 or something like that. But, it was a simple. And, if you think bitcoin is going to a million like I do, that steep rate is peanuts in the grand scheme of things, right? :-)
Posted Using LeoFinance Beta
Exactly what I spoke about earlier, the extra you pain was for the company and produced the ATM, they will never want to run at lost, and the government as tax
Posted Using LeoFinance Beta
Damn but still it is like 8% cut . It really pays for the company to get in early to this field I guess , innovation matters .
How much did you buy though ? And how did you input your BTC address ?
Posted Using LeoFinance Beta
The ATM's have a website. You set up an account there first. Then when you use the ATM you enter your phone number and put in the money. It then spits out a "coupon". Kind of like at a casino where instead of paying you coins at a slot machine, it spits out a coupon you redeem at the cashier. Same thing here. You take your coupon home, log into your account, and enter the number. The btc then shows up in your account. You can then keep it there or transfer it out to a different account, which I immediately did of course.
Posted Using LeoFinance Beta
Ahh they make a little more sense now!
Posted Using LeoFinance Beta