unbank2024 \ stacker news

Your post says you charge zero fees at 21k locations turning bitcoin into cash. I ask how do you make money if you don’t charge fees. You say we offer other services. I say like what. You say we offer buying bitcoin through our atm network(which according to the original post has zero fees). You sound sketchy. Do you have an answer to the question “how do you make money and/or fund your operation?”

13 sats \ 1 reply \ @unbank2024 OP 10 Jan

We appreciate your honest feedback and we've updated the bio to be more clear. When it comes to our profits we make money through buy fees on our app and ATM's. There are no fees for selling and we are non-custodial. The reason for the zero fees on selling is that we currently have a lot more people who buy bitcoin than sell bitcoin so waiving the fee is a way to balance that out and create a good experience for our users.

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0 sats \ 0 replies \ @AG 17 Dec 2024

Howdy @unbank2024 and welcome to SN

Just want to introduce you to the ~AGORA territory, a place to buy or sell your products and services with other stackers and obviously use bitcoin P2P as a medium of exchange.

Read this intro guide whenever needed, and if you have any feedback or suggestion on how we can make this space more useful, please do get in touch!

Wish you great and prosperous times around this wonderful corner of the internet!

Stay humble, stack sats ;)

0 sats \ 0 replies \ @Roll 12 Dec 2024

Enjoy the ride with SN

0 sats \ 0 replies \ @Aardvark 12 Dec 2024

Welcome

0 sats \ 1 reply \ @DarthCoin 12 Dec 2024

going back to fiat is not a solution

100 sats \ 0 replies \ @unbank2024 OP 3 Jan

While it may not always be preferred, sometimes there is no other way and cash grants you financial privacy

0 sats \ 0 replies \ @Imyourfed 12 Dec 2024

Welcome to SN!