The ATMs charge alot because of the Bitcoin fees. You pay the highest fee to have the transaction post instantly. My first purchase was on a BTM i bought paid 800$ for 740$ of Bitcoin. But I had it in my wallet instantly. Just had to wait for the rest of the confirmation. That why they charge so much at the B-atm who wants to wait an hour or two to find out if your transaction went through.
You are viewing a single comment's thread from:
That is what I was thinking with the ATM. Instant ownership. But now it is sooo up there as to price, that 10% or more is a lot of dough per bitcoin. Thank you for this thought.
I was trying to buy BTC before the BCash fork . Coinbase was locked down and even though my account was approved I couldn't get my purchase to go through. FOMO was killing me lol. So I went to a B-Atm. Funny thing is I received an email 2 days later from coinbase. Apologizing for the issue an assuring me I could now make purchases. But i don't feel bad as I bought at 2700$ which we may never see that price again. Unless of course Mr.Lee is correct and bitcoin crashes at some point. Which I plan to have a stack in fiat waiting to swoop in like a vulture.