First Time Using The Bitcoin ATM by doitvoluntarily

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beyondbitcoin · @doitvoluntarily · Sep 12 '16 (edited)

$1.18

First Time Using The Bitcoin ATM

<center> http://cashinbitcoins.com/wp-content/uploads/2016/06/sell-bitcoin-for-cash.jpg </center>

Most of my steem dollar funds I have been reinvesting back into steem power, but some of it I have been transferring into bitcoin as well and today I decided to go and try out the bitcoin atm near me for the very first time.

It was located in a coffee shop and I was pretty nervous about being able to complete the transaction without really knowing what I was doing. I tried to prepare by watching bitcoin atm transactions on youtube but the majority of the ones I could find were buying bitcoins and not selling/taking out cash so I still wasn't clear on what the entire process entailed.

<center> https://s3.postimg.io/y7c6okek3/btc.png </center>

I was glad to find that the instructions on the machine were pretty straightforward. It first asked me if I was interested in selling or buying bitcoins etc, and I selected to sell. Then it asked how much and once I told it the amount then it printed out a slip for me and told me to send the coins to the address on the slip. I then opened my btc wallet and proceeded to send the coins to the address (took a picture of it).

Once the coins were sent then I had to wait a few minutes so during that time I ordered an iced frapp. After a few minutes I selected 'redeem ticket' on the screen, scanned my ticket, and my fiat cash was then dispensed.

<center> https://s9.postimg.io/5dwe1qjtb/20160911_152009.jpg </center>

I have to say that I am very impressed with how easy the entire transaction was to complete and I am thankful for the bitcoin community here in town who have been spreading the word about cryptocurrency and trying to get these atms into new locations.

👍 fuzzyvest, hedge-x, bue, luminousvisions, persianqueen, kafkanarchy84, sebastien, anotherjoe, stephmckenzie, canadian-coconut, rpf, richardjuckes, doitvoluntarily, onetree, loganarchy, incomemonthly, theprophet0, bue-witness, mscleverclocks, steemitpatina, andre-ager, richardcrill, boy, booky, funkywanderer, nulliusinverba, steemswede, sponge-bob, mini, bontonstory, tokyodude, endgame, daniel.pan, runridefly, bunny, healthcare, karenb54, hacon, minnowsunited, wakeupnd, wuyueling, murh, helen.tan, moon, letstalkliberty, mlialen, blend, onlyvoluntary, warlockenchanter, grayhorse, futures, tonyking4509, goosebear, thefinanceguy, rebeccaryan, ozertayiz, makaveli, alaqrab, lighter, reported, krushing, bitdrone, sleepcult, salebored, and 2 others

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@bontonstory · Sep 12 '16

I think that was a fun experience. It's going be a easy and fast process someday all  over the world.

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@karenb54 · Sep 12 '16

Wow never heard of these machines, sound pretty straight forward to use.

👍 doitvoluntarily, karenb54

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@rebeccaryan · Sep 12 '16

I thought that was a very helpful post. I didn't even know this type of machine existed. Thanks.

👍 doitvoluntarily

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@robsteady · Sep 12 '16

Awesome to hear! There are a couple of ATMs "close" to where I work and I've considered how cool it would be to actually have one within walking distance of where I work. I would probably use it to make purchases of coin with cash more than selling it (I use a Shift card to purchase with BTC) but in general it would be cool just to see the BTC logo about... now if they integrated Steem as well... ;-)

👍 doitvoluntarily

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@tonyking4509 · Sep 12 '16

Thankyou, yes that was very helpful. I am in Australia and there is only one machine in the whole city.

👍 doitvoluntarily

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@warlockenchanter · Sep 13 '16

I wonder what the buying experience would have been like. Would the machine have required  a form a validation; an ID and proof of residence?

👍 warlockenchanter

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