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Thread: Bitcoin ATM RIP off?

  1. #1
    Wyatt 88 is offline Junior Member
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    Bitcoin ATM RIP off?

    Had trouble using my bank account to transfer Bitcoins into my wallet So I just bought Bitcoins for the first time from the ATM. The interest rates seem rather High.

    I also learned the places that carry the Bitcoin ATM's only make $100 a month same as a regular ATM.

    Just wondering if anyone has some advice when is a good time to buy Bitcoins at low interest rate and how to do it through a bank account?

    Edit:
    Any advice on how to buy Bitcoins from NDEX and put them in a wallet?
    Last edited by Wyatt 88; 11-18-2018 at 08:35 AM.

  2. #2
    EDCG19's Avatar
    EDCG19 is offline Senior Member
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    I just use coinbase
    Fees are a problem and it can take a while to clear

    Sent from my SM-N960U using Tapatalk

  3. #3
    Bio-Active's Avatar
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    Quote Originally Posted by EDCG19 View Post
    I just use coinbase
    Fees are a problem and it can take a while to clear

    Sent from my SM-N960U using Tapatalk
    Do not use coin base use Gdax with your coin base credentials. It is way cheaper then move you coin to blockchain or Mycelium

  4. #4
    Oliver47 is offline Junior Member
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    As for me, I wouldn't switch from coinbase. Coinbase is totally brilliant! I've been using it for quite a while now and am really happy with it. Especially if you want something you can use for exchanges as well as international payments with different currencies, it works really well. There are many other cryptocurrency exchanges out there https://cryptolinks.com/cryptocurrency-exchange , but I think nothing can beat it at the moment.

  5. #5
    HoldMyBeer is offline Productive Member
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    Coinmama, you can just buy w CC. No linking to bank account necessary and no traveling to atm

  6. #6
    Bio-Active's Avatar
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    Bitcoin ATM RIP off?

    Coinmama only works in certain states

  7. #7
    Oliver47 is offline Junior Member
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    Then just don't do business with them! I don't know why that's so hard to figure out.
    Do your own research on the crypto projects, this infor may help https://revain.org/projects/bitcoin . And never conduct any transactions without learning the service you are going to use.

  8. #8
    jstone is offline Knowledgeable Member
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    Coinmama and coinbase are shit services, abra, and kraken are much better. More sources need to switch over to monero. Take your coins from whatever service you use move them to another wallet, and then a blender, and then transfer them to your sources wallet.

    Just sending them to a blockchain wallet isnt enough to ensure your coins are not easily traced.

  9. #9
    Chicagotarsier is offline Senior Member
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    Quote Originally Posted by jstone View Post
    Coinmama and coinbase are shit services, abra, and kraken are much better. More sources need to switch over to monero. Take your coins from whatever service you use move them to another wallet, and then a blender, and then transfer them to your sources wallet.

    Just sending them to a blockchain wallet isnt enough to ensure your coins are not easily traced.
    Kraken, really? Maybe I am missing something here. The whole purpose of bitcoin is to be anonymous. Kraken totally removes that via their wallet loading methods. You still need another service to actually use Kraken to be able to load it.

    Bitcoin ATM is the only real way to use the service as intended..anonymously.

  10. #10
    Littlearnie is offline Associate Member
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    Quote Originally Posted by Chicagotarsier View Post
    Kraken, really? Maybe I am missing something here. The whole purpose of bitcoin is to be anonymous. Kraken totally removes that via their wallet loading methods. You still need another service to actually use Kraken to be able to load it.

    Bitcoin ATM is the only real way to use the service as intended..anonymously.
    How can you do it anonymously even with bit coin atm?

  11. #11
    beanpo1e is offline Junior Member
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    You can pay in cash at a bitcoin atm.

  12. #12
    Littlearnie is offline Associate Member
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    Quote Originally Posted by beanpo1e View Post
    You can pay in cash at a bitcoin atm.
    Sorry but I’m such a newb to crypto. I’ve been reading up today and trying to get into it.

    The bitcoin machine near me asks for mobile number and then a wallet to transfer too.
    Would This not leave a trail?

    For now I just wanna get it for extra discounts when purchasing but I guess it’s the future and I need to know how to stay anonymous.

  13. #13
    Bio-Active's Avatar
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    Bitcoin ATM RIP off?

    Quote Originally Posted by Littlearnie View Post
    Sorry but Iím such a newb to crypto. Iíve been reading up today and trying to get into it.

    The bitcoin machine near me asks for mobile number and then a wallet to transfer too.
    Would This not leave a trail?

    For now I just wanna get it for extra discounts when purchasing but I guess itís the future and I need to know how to stay anonymous.
    Thats why you move it to another Wallet and run it through a grinder if you are concerned
    Littlearnie likes this.

  14. #14
    Littlearnie is offline Associate Member
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    Quote Originally Posted by Chicagotarsier View Post
    Kraken, really? Maybe I am missing something here. The whole purpose of bitcoin is to be anonymous. Kraken totally removes that via their wallet loading methods. You still need another service to actually use Kraken to be able to load it.

    Bitcoin ATM is the only real way to use the service as intended..anonymously.
    Any recommendations on what wallets are best to use?

    @bio thanks.

    What about good sources for info? Iíve been just following google links and reading to much. I want to set up a wallet and go to the atm today.

    Is it true atm charge 10-20% though?

  15. #15
    BG's Avatar
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    BG is offline The Real Deal - AR-Platinum Elite- Hall of Famer
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    I figured this would be a lot easier by now.......Ill wait longer.
    almostgone likes this.

    Disclaimer-BG is presenting fictitious opinions and does in no way encourage nor condone the use of any illegal substances.
    The information discussed is strictly for entertainment purposes only.


    Everything was impossible until somebody did it!

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    Light travels faster then sound. This is why some people appear bright until you hear them speak.

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  16. #16
    Bio-Active's Avatar
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    Quote Originally Posted by Littlearnie View Post
    Any recommendations on what wallets are best to use?

    @bio thanks.

    What about good sources for info? Iíve been just following google links and reading to much. I want to set up a wallet and go to the atm today.

    Is it true atm charge 10-20% though?
    Mycilium is super easy to use and secure. Blockchain is easy to use. Those are my go to wallets. If you want an even more secure wallet then look at electrum. These are just wallets not exchanges.
    Littlearnie likes this.

  17. #17
    Bio-Active's Avatar
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    Quote Originally Posted by BG View Post
    I figured this would be a lot easier by now.......Ill wait longer.
    Itís pretty simple once you wrap your head around it and yeah the atm does have a charge so I buy through the atm when btc is at its low and I spend at times like now when I have doubled my money
    BG likes this.

  18. #18
    Littlearnie is offline Associate Member
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    Quote Originally Posted by Bio-Active View Post
    Mycilium is super easy to use and secure. Blockchain is easy to use. Those are my go to wallets. If you want an even more secure wallet then look at electrum. These are just wallets not exchanges.
    TYVM. Mycelium looks like it will do the trick.

    Quote Originally Posted by Bio-Active View Post
    Thats why you move it to another Wallet and run it through a grinder if you are concerned
    Could you not also do this if buying coins through an exchange?

    I was looking at hardware wallets too there’s so many! But if wanting to stick with Anonymity I guess You’d have to find a shop that sells them in person.

    From what I can tell so far it looks like crypto could be the cash of the future. (Late to the party :/ )

  19. #19
    Bio-Active's Avatar
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    Bitcoin ATM RIP off?

    Quote Originally Posted by Littlearnie View Post
    TYVM. Mycelium looks like it will do the trick.



    Could you not also do this if buying coins through an exchange?

    I was looking at hardware wallets too thereís so many! But if wanting to stick with Anonymity I guess Youíd have to find a shop that sells them in person.

    From what I can tell so far it looks like crypto could be the cash of the future. (Late to the party :/ )
    You do not want to use the wallet that comes with your exchange account. Move it from there to one of the wallets we talked about either BC mycilium or electrum

  20. #20
    BG's Avatar
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    BG is offline The Real Deal - AR-Platinum Elite- Hall of Famer
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    Quote Originally Posted by Bio-Active View Post
    I buy through the atm when btc is at its low and I spend at times like now when I have doubled my money
    That’s got to be the best way to do it.

    Disclaimer-BG is presenting fictitious opinions and does in no way encourage nor condone the use of any illegal substances.
    The information discussed is strictly for entertainment purposes only.


    Everything was impossible until somebody did it!

    I've got 99 problems......but my squat/dead ain't one !!

    It doesnt matter how good looking she is, some where, some one is tired of her shit.

    Light travels faster then sound. This is why some people appear bright until you hear them speak.

    Great place to start researching ! http://forums.steroid.com/anabolic-s...-database.html


  21. #21
    Littlearnie is offline Associate Member
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    Quote Originally Posted by Bio-Active View Post
    You do not want to use the wallet that comes with your exchange account. Move it from there to one of the wallets we talked about either BC mycilium or electrum
    I went with blockchain. Seems they have their own exchange now too. I just need to buy around $320 now. Looking around to see best exchange as I read they all take commission for transferring and stuff :/ .

    What I meant was if you buy from an atm then “put through a grinder and transfer wallets”. Could you not just buy from an exchange put through a grinder and then transfer wallets the same?

    I’m just curious! I mean atm it’s all connected to me. App is on my phone and connected to my email. I will use my card to buy. I’m not really bothered it’s just the site I wanna use only accepts crypto.

    But I would like to know just in case they ever actually manage to get rid of cash cash!..

  22. #22
    Littlearnie is offline Associate Member
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    Ok I haven’t stoped I’ve been researching! I think if I needed to could stay anonymous maybe but I ain’t paying the fees for what I need it for!

    So gdax is now called coinbase pro. I signed up to coinbase pro. Am awaiting if checks on coinbase too.
    Then I’ve got a blockchain. You can use this as a wallet without if but if you wanna buy/sell then you need to prove who you are. I think!?

    So plan is use my credentials to buy via gdax/coinbase pro. Move to coinbase wallet. Move to blockchain wallet. Send to source.


    What you think sound alright?

    Not real anonymous because it seems bitcoin is TRACKED like a mofo. But a little extra layer because too many people say don’t send straight from your personal wallet.

  23. #23
    Bio-Active's Avatar
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    Quote Originally Posted by Littlearnie View Post
    I went with blockchain. Seems they have their own exchange now too. I just need to buy around $320 now. Looking around to see best exchange as I read they all take commission for transferring and stuff :/ .

    What I meant was if you buy from an atm then ďput through a grinder and transfer walletsĒ. Could you not just buy from an exchange put through a grinder and then transfer wallets the same?

    Iím just curious! I mean atm itís all connected to me. App is on my phone and connected to my email. I will use my card to buy. Iím not really bothered itís just the site I wanna use only accepts crypto.

    But I would like to know just in case they ever actually manage to get rid of cash cash!..
    Blockchain exchange? I donít think so

  24. #24
    Littlearnie is offline Associate Member
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    Quote Originally Posted by Bio-Active View Post
    Blockchain exchange? I don’t think so
    Just googled to make sure. Says blockchain exchange was created created in jul 2019 :/ .? I can buy bitcoin staright from my blockchain app anyway. If I send them a selfie and more I’d that is.

    https://exchange.blockchain.com/

    Coinbase bro charges me 4% by debit or 0.5% if I link my bank account. Which I’m trying to do!

    Also crypto.com offer this month 0% Buy fees.

  25. #25
    Bio-Active's Avatar
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    Quote Originally Posted by Littlearnie View Post
    Just googled to make sure. Says blockchain exchange was created created in jul 2019 :/ .? I can buy bitcoin staright from my blockchain app anyway. If I send them a selfie and more Iíd that is.

    https://exchange.blockchain.com/

    Coinbase bro charges me 4% by debit or 0.5% if I link my bank account. Which Iím trying to do!

    Also crypto.com offer this month 0% Buy fees.
    Thatís not how it works. Blockchain has a few different cryptoís that it supports now and you can exchange the crypto in your wallet for other crypto that the blockchain app supports but blockchain is not a full on exchange that you can convert usd to crypto

  26. #26
    Littlearnie is offline Associate Member
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    I worked it out. I sent to to bc wallet and then sent to source. Thanks.
    956Vette likes this.

  27. #27
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    Hughinn is offline New Member
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    I use rocketcoin.

    If you hit an atm for bitcoin, get a paper wallet. Then transfer it to whatever you want. Mycelium is good.

    But I use rocketcoin. Because the wallet itself asks for little information to open and has no links to anything other than a mobile phone number. A prepaid and one time text confirmation and your done.

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