So, their API is down for more than 7 days ( https://btc.com/api-doc ). There is absolutely no information about issue. https://www.reddit.com/r/btc/comments/ddlllu/api_of_btccom_is_down_more_than_12h/
Are they planning to do something?
So I dont know much about the inner workings of bitcoins or dealing with amounts over a couple hundred dollars (hence the username).
Let's say for example someone did buy bitcoin back in the day and had 100+ coins when it hit 20k, how would they even go about getting that into liquid funds? As far as I know you'd have to sell them to others looking to buy bitcoin and if that's the case wouldn't that take a really long time if you're dealing with millions of dollars worth. Has the technology progressed to where you can "cash out" your btc in a more efficient way? Also when dealing with 6 figure numbers, is it hard to find trustworthy ways to cash that out?
Thanks for the help guys
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:
