8 sats \ 6 replies \ @SatsMate 21 Jun \ on: A single mall in Hong Kong hosts 11 Bitcoin OTC brokers and two ATMs econ
Interesting they are being used, here in the states all of our bitcoin atms are just collecting dust.
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21 sats \ 2 replies \ @doubleplusgood23 21 Jun
I wouldn't wish using a Bitcoin ATM on my worst enemy.
We got one nearby and i figured I'd throw $40 into it having never used it before. According to the receipt market price was $60,171 at the time (4/30/24 at 5:20pm EDT) and they charged me 81,625.05 plus a $3 service charge 🤯 so that's over 40% of my $40 in fees alone, complete ripoff.
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18 sats \ 1 reply \ @SatsMate 22 Jun
Right its like the payday lender of bitcoin
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21 sats \ 0 replies \ @doubleplusgood23 23 Jun
Yeah it was awful, I feel bad it's a face of Bitcoin for some people.
A pro move for "cash to BTC" is to use CashApp - you can deposit under $500 cash (iirc?) for a $1 charge into your CashApp account at places like Walgreens or Sheetz. Then you just swap to Lightning in CashApp!
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0 sats \ 0 replies \ @StoneCodlHodl 25 Jun
Because question #1 after touching the screen: ENTER YOUR TELEPHONE NUMBER - for this reason, I hope they all fail.
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0 sats \ 1 reply \ @oliverweiss 21 Jun
Perhaps if the fee rates were not like a good 10% of the transaction, people would use them more?
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0 sats \ 0 replies \ @d1 21 Jun freebie
Are LN ATM not a thing yet?