HOW THE FUCK ?!? (bitcoin atm)

TomTheCat said:
So, there are 3 costs involved here.

1. You pay a 6% transaction fee - because you can buy with cash at a ATM.
2. You probably pay the transaction fee, which is high for Bitcoin right now.
3. The exchange rate BTC/USD is not in your favor. Maybe you are buying Bitcoin @ $40,000 - $45,000.
Click to expand...

I understand 1 nd 2, but 3? Shouldn't that be covered in the the transaction fee?


Salamouna said:
Since it's instant so the fees should be very high
Try to check fees on your wallet before you buy.
Buy only when the fees is low.
Don't worry since you are buying now
In few weeks that 100$ will be...
So you didn't lost anything
Click to expand...


Well that's the gamble right. It could be $20 soon. Or zero. Or 100+. Nobody knows.
 
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Their reply:

"
ATM Bitcoin purchases up to $1,999 incur a 20% fee and trades in the amount of $2,000 or more incur a 15% fee. The 6% flat rate is for VIP customers. I can help you with the application if you want the 6% for your future transactions. Please let me know in this email thread.

Thank you.

Help Desk, Bitcoin of America
"

Could have said that on the ATM tho. SMH

False advertising lol
 
I hope you didn’t buy such a low BTC amount only to use it to pay for some product or service. You’ll get hit by massive fees again. Use Litecoin or Bitcoin Cash if the payment processor supports it.
 
oldguyjoe said:
I hope you didn’t buy such a low BTC amount only to use it to pay for some product or service. You’ll get hit by massive fees again. Use Litecoin or Bitcoin Cash if the payment processor supports it.
Click to expand...


They do have litecoin.

I bought $100 again. I want the math to be easy lol

This time I received $93.75 worth of bitcoin. So they took 6% . Now it works. Now I can buy more.

But if I had bought a lot from the get go, trusting what the machine said, I would have been fucked. Cuz 20% of a lot is a lot . lol
 
Just sent 100$ btc to someone from binance and he got 75$

F%ck btc
 
TomTheCat said:
So, there are 3 costs involved here.

1. You pay a 6% transaction fee - because you can buy with cash at a ATM.
2. You probably pay the transaction fee, which is high for Bitcoin right now.
3. The exchange rate BTC/USD is not in your favor. Maybe you are buying Bitcoin @ $40,000 - $45,000.
Click to expand...
This one. This is on point
 
Scorpion Ghost said:
Man it's so much better to buy crypto from people, not from companies/institutions/websites/atms/etc.

Keeps you clean too :D
Click to expand...

Okay so I have tried that - looked on all these P2P websites, found legit two sellers, and I live in Los Angeles! And then meet someone in a coffee shop? I said I was gonna do that then some people on here told me to be careful and that got me thinking.

You probably mean buy via cash app, venmo, bank transfer, zelle etc. I hear you on that.

The BTM is so convenient cause u can feed it cash. I got nothing to hide but it's nice to not have every small decision watched and tracked. Feed it cash, get bitcoin.

By the way it wasn't the fees, the 6% only applies to larger transactions, they now made me a VIP customer which means I get 6% on all transaction.

How to become VIP? Write them an email asking why the F they take 20% when it clearly says on the BTM it's 6% fees only.

So yeah. P2P cash traders often ask for 6% as well. This is convenient. Also: I want to buy when it's LOW preferably.
 
iNeedanswers said:
Okay so I have tried that - looked on all these P2P websites, found legit two sellers, and I live in Los Angeles! And then meet someone in a coffee shop? I said I was gonna do that then some people on here told me to be careful and that got me thinking.

You probably mean buy via cash app, venmo, bank transfer, zelle etc. I hear you on that.

The BTM is so convenient cause u can feed it cash. I got nothing to hide but it's nice to not have every small decision watched and tracked. Feed it cash, get bitcoin.

By the way it wasn't the fees, the 6% only applies to larger transactions, they now made me a VIP customer which means I get 6% on all transaction.

How to become VIP? Write them an email asking why the F they take 20% when it clearly says on the BTM it's 6% fees only.

So yeah. P2P cash traders often ask for 6% as well. This is convenient. Also: I want to buy when it's LOW preferably.
Click to expand...

Well, yeah.. no.. yeah.. no.. :D

I mean, from people. Best would be real-life friends and family. But it can be internet buddies, customers.

Like, let me make up an example. Say you have $200 bucks in your Perfectmoney account, and all of a sudden a customer of yours sends you a message and asks if anyone wants to trade Perfectmoney for Ethereum. You answer, and you do the deal.

Poof, magic :D

I don't know, skype groups, telegram chats, im sure you can find people for p2p where both parties benefit, and there's no fee. Just be careful with strangers like that.
 
Last edited:
It's most likely the rate dropped while the transfer was going, it happens plenty of times and not only with btc.
 
Better to buy on Binance... small fees, but if you withdraw it will cost you gas fees.
 
Fees is lot , I do not know why people say that it has almost no fees.
 
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