My experience with the faa.st API and why you should probably avoid it.
A little over a year ago I discovered faast a new crypto swapping website from bitaccess, the folks that run a bunch of bitcoin ATMs. I tried it and I was very impressed with the selection of pairs and the speed of the swaps, but the fees felt a little high for me. I stumbled on their API and in hopes I might be able to save myself some coin and maybe even earn some coin by integrating it into some projects I had gestating for awhile, I decided to sign up as an affiliate and build some test cases that utilized their API under conditions that simulate the real world as much as possible. Because their sandbox was so limited I used their live endpoints for testing, creating 439 swaps and completing 43 of them over the course of a few months. 1 in 10 felt like a good number for completions, but I noticed the API would return 500 errors, mostly 503's if there were more than a couple of outstanding swaps. This could be an issue if integrated in an app that got popular because the app would need to call the endpoint for each unique user, but the API provides no way to distinguish new user, new swap vs existing user new swap. Ergo an API that silently limits the number of outstanding swaps, or having it throw an error would create a lot of issues for an end user of any app built on top if the app saw any real world usage at all. After a few months of working with it, I realized it will probably never be reliable enough to work under real world loads so I abandoned it. But because I had completed 43 swaps I did leave some commissions on the table to the tune of 0.013 BTC about $50 ~ $65 at the time. Last month while assessing my crypto positions I noticed the value of that position had climbed and realized it would be a shame to leave $100 on the table, but their affiliate system will not allow you to withdraw any commissions unless they exceed 0.015 BTC. So I decided to just do a few more big swaps to get my commission up to the minimum so I could get it off the table. One of my swaps returned a USDC endpoint instead of TUSD, my code was not prepared for that and sent funds. Once I realized what happened, I freaked out, but I was impressed with customer service's ability to deal with the situation quickly and in a professional manner. Nevertheless I was left wondering why did the API return USDC on TUSD? Maybe a bug in my code, maybe a bug in theirs, I honestly don't know, but it spooked me and I decided to just get my money out as quickly as possible, so I performed more swaps in an effort to finally reach the minimum withdrawal amount. After finally getting it up to the threshold, I initiated a withdrawal and I waited. Then I waited some more, then I waited some more. Finally after 24hrs I decided to send an email to figure out where my money went. I got passed from person to person, until Moe Adham finally responded. I've been dealing with them for 3 days now. I've explained myself repeatedly, my potential use cases and the fact that I never built an app, but only some unit tests. I have yet to receive my money. Here's the truth people. They do have an easy to use API. My experience is that it has been flaky and unreliable, when put into test cases meant to simulate reasonable use, but on the plus side it hasn't had major changes over the year and some of the flakiness might be due to a misconfigured proxy. What concerns me the most is that they do ex-post facto reviews on apps prior to paying any earned commissions. I could understand this if the purpose were to see if the commissions were legitimately earned or not. But that's not the case here. All of my swaps initiated from the same IP address range and out of 43 swaps there were only 5 or 6 unique addresses, all of which I'm in control of. So what faast is doing right now really does have all the hallmarks of a classic stall tactic. First off, there are no questions about use cases asked before signup, and no approval or review process upfront. So why is there one on the backend AFTER commissions are earned, owed and payment expected? Secondly, this review wasn't some sort of automated trigger caused by my first activity. It was only when trying to exit the platform that I started to get the third degree and it wasn't even my exit that triggered it. To get even this far in the process, it took me sending an email asking where the money went that I got any response at all. Had I not reached out to them, I doubt I would have heard anything back from them at all. The experience hasn't all been bad and the company seems legit. faast is owned by the bitcoin ATM company bitaccess and as a result I don't think they are going away any time soon. Furthermore they are in fact responsive to emails which is more than I can say for most exchanges. And as I mentioned I had one swap go awry and they did handle it professionally rather than tell me "to bad, so sad, sux to be you" like a lot of exchanges do. However if you are a developer and looking at their API with hopes of integrating it into anything I'd advise extreme caution.
The API gets flaky under real world loads. The sandbox is severely limited.
The required commission amount is higher than you could expect to earn in a reasonable time frame of a month to a quarter. Even setting my commission rate to the max of 5% in order to ensure I get to the threshold as quickly as possible, it took nearly a year to get there.
They don't appear to be in a position to pay any commissions you would have otherwise earned. At least not without a lot of hassle. Nothing automated there.
The ex-post facto review process seems to be put in place specifically to limit their need to payout.
Their affiliate agreement which Moe was quick to point to, says they don't actually need to pay you the commissions you've earned. Should they, in their sole discretion decide not to pay up, then they owe you nothing.
As result I'd advise aspiring developers to look elsewhere. If they do by some chance decide to pay me, I'll update this thread and let you know. But I know for my part at least, this is my exit and a warning to others to avoid faast . Imagine putting in all the effort to develop a real world app, market it, build a user base and when it comes time to collect your earnings, you find out they aren't actually obligated to pay, don't want to pay and suddenly have "questions" about your app's usage of their API. Imagine a review process where you are left trying to explain very simple concepts like unit testing to their ops manager Moe who appears to not understand the software development lifecycle nor why anyone would want to do unit and integration testing; Instead of intuitively understanding that test cases are required for any serious software he decides to call it spammy and abusive to have a 10% completion rate on swaps. I mean really, if this is a concern why are they not monitoring the endpoints and sending an email asking what's going on, during the actual development cycle? Why is it an issue only AFTER I ask for my money? I don't know what's going on over there. But I'm writing off 0.015 BTC because I know its not likely to ever be returned. YMMV, but as for me, I felt I should give a review and advise caution. Has anyone else had similar problems?
What is the point of atms if they're going to shut down operations everytime the price goes down?
I'm in Toronto, I've had this problem several times. First time the price dropped below $400 CAD i went to buy Bitcoin at the Robocoin machine on Bloor street and it didn't work, once the price went up to $480-500 the machine was functioning again. Then I went yesterday when the price was still around $400 CAD and the machine stopped working again. Then I went to Cavirtex atm at Yorkdale, my first time there, out of service. Called their number no support. Such a terrible look.
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
https://preview.redd.it/fgd8rfu9sl931.png?width=1024&format=png&auto=webp&s=fe8c918b175166c68e6966e88861d8b4708f818a Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice published on July 10. This requirement will come into effect along with other amendments to Canada’s new anti-money-laundering (AML) laws next year. Crypto exchanges will also reportedly be required to observe Know Your Customer policies and report any suspicious transactions to the Canadian watchdog; this also includes keeping records of their clients and hiring a compliance officer for their platform. A report by The Globe and Mail notes that up until now, compliance with these policies has been voluntary, but some exchanges have chosen to do so anyway. The motivation for implementing the new policies is reportedly to get Canadian banks onboard and in cooperation with cryptocurrency exchanges. According to Lori Stein, a partner at business law firm Osler, Hoskin & Harcourt, Canadian financial institutions have historically been concerned about the risk of money laundering and terrorist financing via crypto exchanges. Stein said:
“The hope is that now that there is going to be a requirement to register and comply, and oversight by FinTRAC, that banks and other financial entities are going to be more open to providing services to and dealing with virtual-currency businesses.”
However, Stein points out that some international exchanges may not be willing to comply with the new Canadian rules. Some other experts reportedly agree, saying that having mandatory regulation requirements could result in cryptocurrency exchanges opting to exit from the Canadian marketplace. The CEO of blockchain startup Bitaccess, Moe Adham, told The Globe and Mail, “I expect to see a number of firms relocate outside of Canada, as well as international firms limiting access to Canadians.” The new regulatory policies may also drive crypto exchange customers away, some say. “This has the potential to drive cryptocurrency underground again," said Canadian crypto exchange Coinsquare’s AML officer, Charlene Cieslik. Cieslik said that customers who do not want to reveal their information to exchanges, would likely just transact with each other directly. As previously reported by Cointelegraph, a bill was signed in 2014 that required some foreign entities to register with FinTRAC for Bitcoin (BTC) payments.
Major Cryptocurrencies Are Rallying This Morning As the Jump in Bitcoin’s Price Following the Maintenance Shutdown of BitMEX Sparks Further Concerns About Price Manipulation in Bitcoin Markets
According to cryptocurrency exchange Bitfinex, short orders are nearing all-time highs. At the moment, there are 39,542 short orders outstanding on Bitfinex, the second highest level since April 12, 2018.
Bitcoin jumped 4% overnight after Hong Kong-based cryptocurrency futures exchange BitMEX shut down trading for a few hours for a regular maintenance update. In aggregate, the total market capitalization of call cryptocurrencies jumped USD$12bn in over a hour. Bitcoin commentators attribute the jump in Bitcoin to the fact that BitMEX permits traders to short Bitcoin on margin. Some other Bitcoin observers, like Alex Kruger, believe the price behavior of Bitcoin affirms concerns about price manipulation and should lead the SEC to reject the ProShares Bitcoin ETF proposal this week. Unlike the other Bitcoin ETF proposals, the ProShares Bitcoin ETF propose to own CME and CBOE Bitcoin futures.
Bitmain, the Chinese Bitcoin mining company, announced that it has invested an undisclosed amount in Lambda, a blockchain data storage startup. Bitmain hopes to help Lambda further develop its technology to launch “secure” blockchain-based infrastructure and decentralized applications. The startup, based in Singapore, recently cloised a token private sale round that included investments from FunCity Capital, BlockVC, BlueHill, Zhen Fund, and other well-known institutions.
Coinbase releases 5 core principles to help guide its release of a suite of institutional crypto products: "fair and orderly" markets, enforcing transparent market rules, offering "fair access to all market participants," disclosing listing practices and market rules publicly, and safeguarding clients "with institutional-grade infrastructure and processes."
An analysis by Cointelegraph and Chinese law firm L&Y Law Office finds irregularities in the Bitmain pre-IPO investor deck. Specifically, the wording of the document suggests DST Global has already invested in the Bitocin mining equipment company though no investment has been confirmed.
Diar Ltd, a research firm using data from CoinAPI, finds that cyrptocurrency trading volumes are shifting away from US exchanges to foreign exchanges (primarily Asian). According Diar’s analysis, Coinbase and Bitstamp have seen their total volumes drop 83% and 73% YTD.
A research firm from Slovakia has reported another scam application on the Ethereum network. Next Web reports that Lukas Stefanko, a malware researcher, found a fraudulent Ethereum app in the Androd Google Play Stores that had an offer price of USD$388.
Hyper Deflationary Monetary System (HDMS) cryptocurrencies are a new class digital money that is meant to provide mechanisms to support the increase in real buying power. In comparison to other cryptocurrencies, HDMSs have an objective to create upward price pressure on their valuations in comparison to other digital currencies. Some examples include BNB, OPTI, and BAY.
The South China Morning reports that Kripto University Center has opened the largest cryptocurrency mining site in Russia in a former Soviet fertilizer-producing lab.
The National Research Council of Canada (NRC) announced the release of a blockchain explorer on the Ethereum network. The Industrial Research Assistance Program (IRAP) is now hosting the explorer on the InterPlanetary File System (IPFS) with help from Bitaccess, a blockchain startup.
The Central Bank of Thailand is exploring the possibility of launching its own digital currency and expects to release phase 1 of the proof of concept by March 2019. The Central Bank-backed digital currency will be on distributed ledger technology developed by R3. In addition to R3 as a technology partner, the Thai Central Bank is also partnering with Bangkok Bank Public, Krung Thai, Siam Commercial Bank, Standard Chartered Bank (Thailand) and HSBC to bring the digital monetary currency to market.
Ripple Labs is rumored to be thinking of combining xVia, xCurrent and xRapid Solutions to solidify its market-leading positions in cross-border FX transactions. The solution will be called Convergence and will offer the benefits of speed and security while also keeping fees low.
The United Arab Emirates is preparing to launch the first Shariah-compliant cryptocurrency exchange. The crypto trading platform, First Islamic Crypto Exchange, will operate globally with the hopes of increasing the involvement of Muslims in the global cryptocurrency market.
The Union of European Football Associations (UEFA) announced it successfully used a blockchain-powered Android App to successfully trial a blockchain ticketing system for last week’s Super Cup match between Real Madrid and Atlético Madrid.
Several blockchain-powered news apps have been suspended by WeChat according Lanjinger, a local financial news outlet. The accounts were purportedly suspended after being suspected of pushing ICO and cryptocurrency “hype” which is in conflict with WeChat’s terms of services. Deepchain, Huobi News, Node Capital-backed Jinse, and CoinDaily are some of the news apps impacted by WeChat’s decisions.
Bitcoin ATM Global Market Overview By DOBI ATM The BitLicense aroused a big buzz when the a big ATM operator Coinsource announced its granting of BitLicnese, a virtual currency trading license for cryptocurrency trading service; As reported from Cointelegraph, it took 3 years to be granted since the first application to New York Financial Securities(NYFS). This obviously indicates the advancing development of Bitcoin ATM industry since the first Bitcoin ATM came out in Vancouver, Canada on 29th October 2013.
Overall Global Data
After about 5 years development, bitcoin ATM industry sees increase in market capital and maturity. Bearish Bitcoin price meet downturn though, Bitcoin ATM is growing continuously in installation, capital, distribution and the manufacturer. The latest statistic from CoinatmRadar( the biggest bitcoin ATM data research institution) reported that there are 3949 bitcoin ATMs in total worldwide until Nov. 05, 2018. Although increasing speed declines with the sluggish bitcion market, we can still see 1849 ATMs increased with 89% growth rate from 2079 ATMs to 3927 in 2018. Now, the crypto ATMs installation speed rises to 6 machine per day. It’s estimated to reach a figure of $16.3 million of market capital in 2018 https://preview.redd.it/drmennyhpow11.png?width=660&format=png&auto=webp&s=4187176abc3f5d892911085a894fb5cc40d089c7
Industry：Continuous Increase in installation, profit, manufacturers
Distribution of bitcoin ATMs across Continents:
The wide awareness of bitcoin and cryptocurrency promote the bitcoin ATM adoption cross the world. It’s no strange that North America and Europe share the large percentage since the economic and population provide the best environment for the use of bitcoin ATM by the majority. https://preview.redd.it/3vu1hoyipow11.png?width=648&format=png&auto=webp&s=d0bc39d87d17032f5f7fd3e16ed46e0320d2788b A study conducted by MarketsandMarkets reported that the Bitcoin ATM market will see annual growth of 54% between 2018 to 2023, when the whole industry is forecast to reach $145 million.
Incredibly Increasing High Profit When Emerging Market’s Struggling
In bitcoin ATM, the profit is mainly from transaction fee with an average of 7%-10% both in buy side and sell side. It’s reported a bitcoin ATM machine comes with $10k to $30k transaction a month with the highest reaching to $100k. The average transaction is 130 times per machine per month. Coindesk even reported Lamassu's survey of $1,000–$3,000 each month earning which equates to annual earnings for ATM operators of between $12,000 and $36,000 per unit.
Increasing Bitcoin ATM Manufacrture:
The growing awareness of bitcoin also attracted many investors into Bitcoin ATM business. The biggest bitcoin ATM tracking Radar coinatmRadar reveals 42 typical bitcoin ATM manufacturers and 31 Bitcoin ATM service operators globally. DOBI ATM, as the biggest bitcoin ATM manufacuter in Chinawas also listed. It’s a newly but of great potential to in digital currency payment solution. It’s obviously seen from the market share below that Genesis Coin, General Bytes, Lamassu, BitAccess and Coinsource dominant the industry, though. Some newly manufacturer startups also see great potential. https://preview.redd.it/uhxd302kpow11.png?width=525&format=png&auto=webp&s=687460579650812e21808a736231931baf193855 DOBI ATM as highly potential newcomers is striving to provide everyone easy access to buy ans sell bitcoin in hardware solution and software development. Supported by the a capital group , Currently there’s over 200 business-to-business operators worldwide and now is the biggest Bitcion ATM manufacurer in China
Seeing from the whole cryptocurrency industry chain, there are mining, digital currency exchange, crypto wallet, media and services field, token release company and payment field. Cryptocurrency exchange functions most important for its huge power in liquidity and profitability. There’s no doubt the blockchain technology will overturn the whole world revelutionary after 10 year’s development since the release of Bitcoin Whitepaper by Satoshi Nakamoto.; And no one would suspect the financial role cryptocurrency is playing, especially in payment field. Bitcoin ATM can both work as an alternative for exchange and payment solution for daily life. It surely see great market confidence. DOBI ATM still holds that only project with practical solution in real world that survives at last. Bitcoin ATM just helps the adoption of wide use of bitcoin in daily payment among the ordinary. Let’s witness how the cryptocurrency and bitcoin ATM industry expand.
So I had made a post and googled around to find the best way to buy low volume coin in canada - here is my results. I purchased Flexepin and spent about 2 days trying to find a site that would take a measly $20 on Flexepin - many would only take $25-50. I went with https://www.bitaccess.co/ The Flexepin fee was $1.95 and for my $20 pin I received 0.00559373 worth of bit coin, which was about $18 on that day. I received the coin to my wallet in about 2 hours. A day or so later I found a Bitcoin ATM - it took cash (weird paper used for goods and services), I had a $20 in my wallet so I figured I'd giv'er. It was super simple to use, but it never told me the amount I would receive or the fees - so you basically go in blind until it appears in your wallet ( I would not use again, not worth it) For my $20 in cold hard cash I received 0.00373393 which was about $12.5 at the time. TL:DR Flexepin + https://www.bitaccess.co/ is the easiest, quickest cheapest way to buy low volume coin in Cananda (without already being verified on an exchange)
Been lurking for a few days now reading a ton of old posts. Forgive me if this has been answered but I haven't seen it yet. I have a BitAccess machine beside my work and it stares at me when I walk by. Secondly just last week an online vendor I use is now accepting Bitcoin with 25 percent off at checkout. So I figure time to learn me some BTC. I've downloaded Coinbase (an exchange and wallet?) Blockchain (a wallet?) and BreadWallet (a wallet?) I've been trying for 2 days to verify my CC through Coinbase and it's not being friendly and there customer support live chat is very frustrating. Anyways, if I have a BTM (BitAccess) beside me, can I entirely skip Coinbase and just deposit to a wallet? I haven't decided on which wallet to use Blockchain or BreadWallet. I seem to enjoy the Blockchain interface much more but people on Reddit seem to frown upon it. I'm not into this for investment purposes at this point. This current adventure of mine is to applicably learn about BTC through a small deposit and playing with a transfer here and there. My next online purchase is $800 so I want to make sure I'm comfortable before I drop some hundreds into this digital currency cloud of mystery. I guess my main question is can I skip Coinbase completely with the BTM beside me AND which wallet is best suited for my current needs. I understand that in the future I will need to explore new security and options but for now, I'd like this as simple as possible and grow from there. Any help would much appreciated!
08-09 07:32 - '70+ Bitcoin companies, exchange and wallets that did NOT agree to Segwit2x' (self.Bitcoin) by /u/jtos3 removed from /r/Bitcoin within 296-306min
''' Bitfinex - one of the world's largest Bitcoin exchanges Kraken - world's largest EUR Bitcoin exchange based on volume LocalBitcoins - world's largest P2P Bitcoin exchange Bitstamp - one of the world's largest Bitcoin exchanges Gemini - one of the world's largest Bitcoin exchanges Poloniex - world's largest cryptocurrency exchange Bittrex - world's second largest cryptocurrency exchange BitQuick - major cash to Bitcoin exchange in the USA Vaultoro - gold/bitcoin exchange VirWoX - world's largest Paypal to Bitcoin exchange Zebpay - one of India's largest Bitcoin exchanges CoinMama - one of the world's largest credit card to Bitcoin brokers BitPanda - one of Europe's largest Bitcoin brokers CEX.io - top global Bitcoin and crypto exchange coinhouse - credit card to Bitcoin broker run by Ledger Bitcoin.de - one of Europe's largest P2P Bitcoin exchanges Bittylicious - one of the UK's largest Bitcoin brokers Coinfloor - European Bitcoin broker and exchange BitBargain - UK Bitcoin exchangd Paymium - Bitcoin broker based in France Bity - large European Bitcoin exchange Satoshi Counter - Canadian OTC Bitcoin exchange Bitaccess - Canadia Bitcoin ATM network SurBitcoin - Venezuela's largest Bitcoin exchange Cryptobuyer - Venezuelan Bitcoin exchange bit2c - Israel's top Bitcoin exchange Bits of Gold - Israel's largest Bitcoin broker CoinHako - one of Singapore's largest Bitcoin exchanges Volabit - Mexican Bitcoin exchange Satoshi Tango - Latin American Bitcoin exchange Mercado Bitcoin - Brazilian Bitcoin exchange FOXBIT - Brazilian Bitcoin exchange OKCoin - Chinese Bitcoin exchange Huobi - Chinese Bitcoin exchange LakeBTC - Bitcoin exchange Gatecoin - Bitcoin exchange Bitrefill - mobile phone topups with Bitcoin CoinJar - Australian Bitcoin broker BuyaBitcoin - Australian cash to bitcoin exchange Coin Loft - Australian cash to Bitcoin exchange Urdubit - Bitcoin exchange based in Pakistan Bitcoin Cambodia - Camobdian Bitcoin broker Bitt - Caribbean Bitcoin exchange bitcoin.co.id - Indonesia's largest Bitcoin exchange Coincheck - one of Japan's largest Bitcoin exchanges coins.co.th - one of Thailand's largest Bitcoin brokers/exchange bitcoin.co.th - one of Thailand's largest Bitcoin brokers/exchange MaiCoin - Taiwanese Bitcoin exchange Bitonic - Dutch Bitcoin broker Bitrush - Dutch Bitcoin broker BitBay - Bitcoin broker based in Poland Bitcoin Romania - largest Romanian Bitcoin exchange & broker Nairaex - Nigeria's largest Bitcoin exchange Bitsewa - Nepal's largest Bitcoin exchange Wall of Coins - major US cash to Bitcoin exchange LibertyX - major US cash to Bitcoin exchange CoinCorner - European Bitcoin broker Cubits - European Bitcoin broker Bitit - European Bitcoin broker itBit - OTC Bitcoin trading Anycoin Direct - European Bitcoin broker Belgacoin - large European Bitcoin exchange/broker Bisq - decentralized Bitcoin exchange KeepKey - hardware Bitcoin wallet Ledger Wallet - hardware Bitcoin wallet TREZOR - hardware Bitcoin wallet Electrum - Bitcoin desktop wallet GreenAddress - Bitcoin web wallet Slush Pool - Bitcoin mining pool Samourai Wallet - Android Bitcoin wallet breadwallet - most popular iOS Bitcoin wallet Mycelium - popular Android Bitcoin wallet Please help list more in the comments. ''' 70+ Bitcoin companies, exchange and wallets that did NOT agree to Segwit2x Go1dfish undelete link unreddit undelete link Author: jtos3
I'm going to give a bitcoin paper wallet to HSH Hans-Adam II, the Sovereign Prince of Liechtenstein in less than two weeks.
On the 23rd of February I am going to attend an award ceremony in Liechtenstein because I got third place at an Austrian Economics essay contest run by the European Center of Austrian Economics Foundation (ECAEF). A foundation run jointly by the Sovereign Prince of Liechtenstein's brother and cousin. At this event in Vaduz, I will be handed a 2,000 Euro check by the Sovereign Prince himself, and I will be given the opportunity to present my essay (with a power point presentation) in front of an audience. I intend to hand everyone in the audience (They haven't gotten back to me about how many people that would be but here is a video of the 2013 award ceremony), including the Sovereign Prince and the president of the ECAEF, a leaflet containing a paper wallet with CHF 5.00 and instructions on how to redeem and use the coins. Here is a template. Top right is front, top left is back, bottom left is interior left, bottom right is interior right. On top of "www.eu-btc.com" I will put a business card for the bitcoin buying/selling business my girlfriend and I have started (we are seriously aiming to have a licensed BitAccess ATM in Vaduz by the end of the year!). On top of "please redeem (move to another, more personal wallet) before:1st of April 2015" I will put a paper wallet with 5 CHF on it (I will print all of this on the 18th of february so at the exchange rate that day). The wallets will be mass printed from bitaddress.org I will take back any bitcoin not redeemed after the 1st of april. I'll post the results back here! Edit: My Tardis broke down.
With 1900 miles and just over 24 hours travel time, the path to the Bitcoin Bowl is long but easily done. Over the next 4 days, two fearless members of the Denver Bitcoin Center are making the trip in a beat up truck, to make sure that Bitcoin users at the Bowl will have the opportunity to either buy or sell their bitcoins at a traditional style ATM. Along the way, they will be taking every chance they get to support and stop at some of the best known Bitcoin businesses to remind people that Bitcoin is here to stay. If you don't already know, the Bitcoin Bowl in Saint Petersburg Florida is the first NCAA event were Bitcoin companies are the primary sponsors. This year we will see North Carolina State face off against University of Central Florida. About the ATMs The two ATMs they are bringing are made by Bitaccess, a world leading Bitcoin ATM company. The ATMs allow you to purchase bitcoins by cash or a credit card. In addition, you can exchange your bitcoins for cash. Below you can find just some of the great locations we plan too support. Know of any excellent businesses that are on the way? Leave a comment and we would love to try to stop by. Sister Cities Cajun and BBQ South Grand Boulelvard 4144 63118 St. Louis, MO Flyte World Dining & Wine Division Street 718 TN 37203 Nashville website: http://www.flytenashville.com/ phone: +1 615 255 6200 Eagle's Restaurant * 16th Street North 2610 website: http://eaglesrestaurant.menufy.com/ phone: (205)320-0099 Greg's Hot Dogs * Birmingham, Alabama website: https://www.gregshotdogs.com phone: 1 (205) 492-9172 BitPay Headquarters * Piedmont Road Northeast 3432 30305 Atlanta website: https://BitPay.com phone: 1-855-4-BITPAY Cornerstone Modern Pub House * Houston Lake Rd 1291 GA 31088 Warner Robins website: https://www.facebook.com/cornerstonemph phone: +1 478 988 0399 Stacey's Sweets * West Main Street 300 31632 Hahira website: http://sweetsbystacey.com/ phone: 229-375-9123 EDIT: Added the ability to use credit cards on the ATM, The teams who are playing in the bowl.
Alternative to Exchanges - Bitcoin Atms and my experience
I read all these storys about these bs exchanges and how people cant get bitcoin so this is my way of buying bitcoin its not the cheapest but it is instant and you can see each bitcoin atms fees very quickly and sort by cheapest. Rockitbitcoin- Total joke you only find out you must fill out an application and then be reviewed after you wasted your time going to one of there crappy atms I wasnt approved after 5 days. greenleaf-they require a text msg for 0-500 and then id scan for amount over that but within minute i received 1 confirmation. coinflip-my fav no id for up to $100 then text msg for up to $500 and id scan over that and they where the cheapest at 6% at that time.They also go off of bitfinex price and update live price plus 6%.Also very fast confirmations. Anyway here is a link to the site check it out and see if it helps you gain some precious. https://coinatmradar.com/bitcoin_atm/253/bitcoin-atm-bitaccess-chicago-merchandise-mart/
05-12 07:06 - 'My journey to exchange BTC for Fiat via ATM' (self.Bitcoin) by /u/Rossman01 removed from /r/Bitcoin within 979-984min
''' Great, you’ve earned yourself some money - but you were paid in Bitcoin. You know how to use it, but what if you need cash?? This is a great question, and likely one to be asked millions more times with the gradual adoption and use of Bitcoin as a fiat. Many Bitcoiners would love to have a place where they can quickly go and hawk some BTC. Well I had the same need and have embarked on a journey to do exactly that, and along the way, help others avoid some of the obvious pitfalls that come along with the effort. The plan is to periodically visit some of these ATM’s here in my local area and report as to whether they are really still in operation and if they are meant to dispense cash, are they? Are they in a good neighborhood or is it better to visit during the daylight hours, etc.? The first location checked out is Marina Smoke Shop in Huntington Beach, CA (949-431-5122) - I called to verify it’s “2-way” status. The shopkeeper didn’t quite understand me and the store is only a few minutes drive from my house; So I took a trip to see the machine for myself. There are two things I could have learned before I arrived.. One, RIF (Reading Is Fundamental) - If I had only read into it further, I would have learned that at the bottom of the reviews on CoinATM Radar ([link]1 ) That there is a note lending to the type of coin and direction; then further down to simplify it, whether you can buy or sell or both from this specific ATM (This HB ATM is one-way -> Fiat to BTC). Two, even if you call the location, the shop keeper may have no idea what the ATM in their store does, since it’s likely the store owner isn’t the ATM owner. The lesson, do more research than you think is necessary before burning your gas. If you only need to buy BTC, this machine will work for you as of 05/01/2016. The machine type at this location is a “Genesis Coin” Alas, my first search wasn’t so successful, I did learn the above and continue happily on my way through trial and investigative error. Additional investigation gave way to new excitement as I learned that Jacks Liquor near LAX (in the city of Inglewood) is also described as a two-way machine; it even appears that way locating the machine through the above link. Great!! With this information in hand, I decide to check it out without the need to make a phone call and head out on my way - an approximate 45 minute drive. This machine is a bit off the Freeway and in a neighborhood I would call, a little “Sketchy”. It may be a “2-way” machine as advertised, but the one at this location turns out to have the exact same scenario as the other (set to “sell only”), so was a little disturbed when I realized it. Then, when asked why the machine wasn’t set for bi-directional, the little oriental man behind the counter who assumably didn’t speak a lick of English, raised his hands and shrugged. I left visibly perturbed and kicked myself for not making the simple phone call that could have helped me avoid this trip. So, for you my readers...This machine type is a “General Bytes” and only operates to “Sell” Although the link shows this ATM as “Two-way”, it is not. It would not be wise to jump off a plane thinking you can quickly trade your BTC for cash here because it’s close to LAX - This machine at Jack’s is set to only Sell BTC to customers - not trade it back. Best to continue on to the Westfield Mall (Described below). Had I continued up the Freeway another ten minutes or so (as suggested above), I would have made it to the Westfield-Culver City Mall where there is a Lamassu type 2-way machine (6000 Sepulveda Blvd CulverCity, CA - Located on the first floor near JC Penney) accessible during Mall hours. The notes for this machine indicate that it was recently updated in April of 2016 to 2 way status - That’s a good sign, considering it’s now only May 2016. I should have made a stop here before returning home from Jack’s, but then, I wouldn’t have started this article. Live and learn; instead, I’m heading there next in my continuing mission. This was an interesting experience. I found the machine no problem, and using it wasn’t a technical feat; very easy. Click sell, click how much, then the machine displays the address to send it to; Also, if you have your “pairing code” on your iPhone or android, then you can make your transaction by showing it to the little window at the lower left hand area of the machine. Be sure to include the amount of a fee, as the blockchain will set your transaction to the side and not process it for a long time. This happened to me, which sent me on an additional quest: Make contact with the owneoperator of the machine for assistance. Both the Manufacturer of the machine and Owner were prompt, knowledgeable, friendly, sensitive to my situation and helpful in resolving the issue. In fact, The Owner (Kais ([email protected])) happens to live in my area, and due to the distance between me and CulverCity, offered to help me personally for future transactions. He also advised that there will be a new 2-way ATM HeroCoin will be installing in Corona, CA soon - This is a main route into and out of Orange County, out towards San Bernardino and out towards Barstow. This was a great outcome that could have gone completely the other way. Be careful with how much you send to yourself and be sure to include a fee, you may just end up waiting thousands of minutes until the miner-nodes decide it’s worth it to pick up. Thanks Herocoin.co - Great customer service! ...and So, there I am.... next are some I haven’t yet visited, but plan to in my effort to flip out some Satoshis - and will update this string accordingly. Further up the freeway, there is a 2-way machine at Meltdown Comics in West Hollywood -> 7522 Sunset Blvd - Los Angeles CA 90046 11am-9pm daily (Store Hours). This is a “BitAccess” machine where you send yourself some BTC by going to the website and depositing there (“cash.bitaccess.co”). The machine will hold it for you and has it waiting when you arrive to any BitAccess machine; it’s called “Remote Initiation Process” - The benefit described for this is no validation time required once you get there. It’s ready and waiting for you. It seems like a pretty good location considering the general BTC audience; “er, Comic Book Store?? ...Works on multiple levels“. I’ve not yet visited this store. I also checked South on another machine (it turns out, there are two in the same complex area run by the same administrator) nearer to San Diego. I found an article claiming “California’s First 2-Way Bitcoin ATM” which was written in January 2016 and appeared in CryptoCoin News ([link]2 ... atm-opens/), considering the article is now several months old and the distance from me to Encinitas is long, I shot an email out to the machines admin contact (CoinOutlet.io). I was again impressed with how the admin responded right away, confirmed that the machine (located in, “Surf Brothers Teriyaki” 274 N. El Camino Real, Encinitas, CA) is currently working, and finally, asked to work with me to help avoid a wasted trip to an empty machine. I like that, prompt, professional, and helpful. The second machine is close by at Camino Village Plaza 256 N. El Camino Real, Encinitas, CA. Although there are a couple of closer machines to check out, these two are going to stay on my list to visit. These machines are CoinOutlet type machines - I’ve been able to locate instructions on use for any of these machines on YouTube.com. Thank you for reading my post, I enjoyed writing it for you; this is not the end but just the beginning. I plan to continue visiting and reviewing more. If this article helped you to save Time, Gas, Confusion, Avoid costly mistakes or any other additional Effort... or if it helped you make a decision, pointed you toward the next awesome idea, or inspired you to other Greatness; Please kindly consider donating to my bitcoin address: 1HL2WSg7Bqtfk119GnZb8Fsy5rRxmzPLYB Bitcoin donations of any amount will make me happy and keep me inspired to continue this journey. I also hope it will help educate and promote locations and the use of ATM’s to monetize BTC and get it to the Masses of people and into the mainstream Marketplace. If you are the owner or operator of a Bitcoin ATM located in Southern California and would like a visit and subsequent review of your atm location, Please contact me through this post or PM here at the website, Thank you very much. ''' My journey to exchange BTC for Fiat via ATM Go1dfish undelete link unreddit undelete link Author: Rossman01 1: *oin*tmradar*c*m/bi**oin_atm* 2: ww*.crypto*o**snews.*om/**n-*ie Unknown links are censored to prevent spreading illicit content.
Investment Firm BiT Capital Commits $10m to Bitcoin ATM Startup
The BitAccess BTMs will also be the first to accept litecoin, the leading alternative cryptocurrency to bitcoin. The machines already work with multiple exchanges, ensuring optimal real-time price quotes for users.
Places to buy bitcoin in exchange for other currencies. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Bitaccess is the worlds leading vendor of Bitcoin ATMs, or Bitcoin Teller Machines. Our fully compliant software allows anyone to deposit cash and instantly receive a digital wallet containing the equivalent in the Bitcoin cryptocurrency, or exchange Bitcoin for traditional currency. Start using Bitcoin and other cryptocurrencies easily and quickly. Bit2Me Wallet incorporates: shared bank account number, asset trading, one-click cryptocurrency exchange, free and instant offchain transfers from 1 satoshi, infinite wallets, 2FA burglary protection, QR scanner, graph and price variation, detailed movement history and Testnet network support among many other features. Total number of BitAccess ATMs installed: 1105. About: Bitaccess is a Canadian Blockchain company based in Ottawa, that was founded in 2013 and funded by Y Combinator as an early manufacturer of Bitcoin ATMs. Since their foundation in 2013, Bitaccess has improved through technical innovation and continuous development. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
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