21 sats \ 2 replies \ @doubleplusgood23 21 Jun \ parent \ on: A single mall in Hong Kong hosts 11 Bitcoin OTC brokers and two ATMs econ
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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