Quote:
Originally Posted by marothisu
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I reluctantly agreed to pay a $200 debt in bitcoin and these ATMs ended up being the easiest way to do it. Several other apps like Coinbase were much harder. Though I learned that if Bitcoin ever becomes a common method of paying for stuff other than heroin or ransom, I will go through five new stages of grief. I’d be surprised, followed by stunned, followed by bargaining, acceptance and not buying stuff.
Not only did it cost me $16 (!) to get $200 into a bitcoin wallet, I wasn't permitted to make a transaction for a week, during which time my $200 turned to $180 for some dumb, bitcoin related reason. Then the transaction wouldn't go through after processing forever for some other dumb, bitcoin related reason. I gave up and went to one of these ATMs (twice. You need to scan your ID) where I had to pay an 11% fee (!) to turn my dollars into bitcoin. The whole process cost me about $40 and a few hours of frustration.