Sunday, 13 October 2019

I just bought BTC at a Bitcoin ATM and it took 7 minutes to confirm a transaction

Today I went to an ATM to buy BTC anonymously. The first thing with these ATMs is the outrageous fee for buying Bitcoin. I was already paying above market rate by 10% and the entire transaction took 7 minutes. P2P cash shouldn't take this long for a transaction.

If anyone is wondering what ATM I was using, I was using LocalCoin ATM. Definitely wouldn't recommend because they give the false pretense that you get a 10% discount even though they charge an additional $3 fee just for making a purchase.

This was the ATM:

http://imgur.com/a/yhPs2Dk

submitted by /u/1MightBeAPenguin
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source https://www.reddit.com/r/btc/comments/dh550g/i_just_bought_btc_at_a_bitcoin_atm_and_it_took_7/

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