anybody here use a bitcoin ATM?
 

anybody here use a bitcoin ATM?

To buy or sell bitcoin.

A lot of bitcoin arms in the UK where you can buy it very few you can cash out from and all are heavily monitored.

Go to a couple of Chinese run casinos in Cambodia and you can cash out as much as you wan't. I was once in a bank branch in Cambodia and a Khmer was complaining it was taking 45 minutes to pay in $750,000 in cash!!! If you tried paying in $750k in a local branch in the UK I'd be arrested on the spot of money laundering!

yeah they work fine , if your not trusting them at the beginning ,just start with a small amount to get used to the handling

These ATMs are a ripoff. They charge around 10% in fees, sometimes more.

Then use an exchange like Coinbase, with extreme gov regulation, same as a bank.

10% fee is what you pay for no KYC, pose with passport selfies and anal swabs :Oh crap

We have bitcoin ATMs in Poland. You can buy or withdrawal. No limits on them. No ID required.

not every atm, you can check fees online before using them, the ones i used charged between 2,5% and 4% in eu

There is a lot of them in my neighbourhood , but no need for it yet - i have zero fee bank withdraw on e-wallet which i use so no point to bother with it.

Have been using them for years, the local ones just started requiring ID this year though. Also 11% fee.

that fee is on the high end though.

Same almost happened here (ID requirement) but owners of ATM's told government to fuck off so they gave up from that requirement . And it is kind a absurd, you can spend millions in cash and nobody bats and eye, spend a dollar in BTC and suddenly you are terrorist/money laundry operator lol

I have a friend with an atm business he is making way into it. I have a bunch of tools for bitcoin. Bitcoin Tools Suite

Pretty steep fees for ATM's. Other options are better if you have them. Otherwise any port in a storm.

Yeah obviously it's not ideal, but hey, you can buy and sell with cash in minutes.