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RE: What The Heck!? There's a Bitcoin machine 10 minutes from my house...lol

in #cryptocurrency8 years ago

lucky you way to leave it open ended though now I must follow you I want to see your bitcoin buying experience. You may need to have a wallet set up not sure how machine works. If you can do it without personal information out there try and do a video. Upvoted and following now!!

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Yes, absolutely I'll make a video for everyone.

The instructions just say:

  1. Let the Bitcoin machine scan your Bitcoin QR code from the phone app. (where you want the Bitcoins deposited)
  2. Insert however much cash you want in Bitcoins
  3. Wait for confirmation of money sent to the address you provided.

Sounds simple enough. I'll make a good quality video for everyone!

I went to the vendor's website, and they say the process is completely anonymous. We'll see soon enough :)

i wonder if i could just print my QR code for that. I may google and see if theres one near me i want to bypass the banks as much as I can.

Just checked none in NY state figures we have some new weird law that charges companies a lot to deal with New Yorkers in cryptocurrencies

That's a good question. I'll bet these machines can scan a QR code on paper if it's roughly the same size as a phone app.

Here's the FAQ of the machine vendor:

http://tobitcoin.ca/bitcoin-atm-faq/

I just came back from the Bitcoin ATM, and it had a note on it that said 'awaiting service.'

I live right across from Detroit, so maybe I can hop the border sometime this week and give it a try. I was only going to get $20 worth anyway, because the buy fee is at least 10% on any purchase, which is like paying a large tax.

I've signed up with https://www.quadrigacx.com, and I'm just awaiting verification. I plan on buying a few hundred dollars worth of BTC from there, and their charge is only 1%. I don't know about other people here, but I'm a big fan of saving money. I should be approved for buying within the next 24hrs, so I'll make a post about my buying experience there.

yea i was gonna say 10% yikes