what do these atms spit out? do they even give anything?
this post was submitted on 12 Oct 2025
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Chapotraphouse
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You can withdraw, ie you send your bitcoin to the atm and it gives you cash, which would be useful if you wanted to cash out from whatever illicit activity you chose to use bitcoin for, if not for KYC laws and the fact you have to enter your social security number
So since they offer the same service as an exchange there only really used by people who want to use crypto but don't know how to use an exchange, ie people getting scammed, who probably aren't withdrawing.
no cause bitcoin isnt physical. i assume you can buy and transfer bitcoin there and pay a service fee. but its mostly for scams. People get tricked in various ways to thinking they need to pay someone. Its not far off from the gift card scams people try on the phone.
I put ten thousand dollars in one and it gave me chuck-e-cheese tokens
Man I feel bad for this guy. Sometimes everyday boobs get taken for a ride on crypto scams :/
It's mostly everyday boobs, desperate due to capitalism. It's a zero sum game and there's insider traders making billions; those billions had to come from somewhere.
Some of us are being taken for a ride on crypto in order to get everyday boobs 😩
I pray for my parents whose entire retirement is in Bitcoin... Atleast they got in when it was like a tenth the current price or someshit.
Can always go to zero bb
Really? are you sure it's a legit platform like Kraken or Revolut or a wallet stored on an airgapped computer only they have the keys to? or is it 'in' a dodgy website, showing them a number, that will charge them infinite fees when trying to withdraw, as part of a pig butchering scam?
Good for them if they are real and properly secured, but you may want to check everything and step in they haven't
Edit: I used to hate being the designated tech support for my family until over the last 4 years three close family members including my dad and my stepdad called me for advice in the middle of scammers pretending to be from their Bank's IT departments using high-pressure 'sales' tactics
I can atleast say it's legit because the only reason my mom is into it is because she's a huge tech nerd. She seems to just think the Bitcoin white paper is really neat. Like she's always on about the cold storage wallets. Leaving me with their keys (a titanium plate stamped with numbers and letters) in case they die in a car accident and such.
So atleast confident not about to get pig butchered.
Coolio, shouts out to Cypherpunk mom
Sounds like it could be worse, but I still wouldn't hold it as a retirement plan
Basically ya
but you may want to check everything and step in they haven't
The problem with this is if they have ANY involvement at all and something does go wrong later they're going to be on the hook for it whether it's actually their fault or not. I understand wanting to protect them... But it can go so fucking wrong and ruin your future relationship with them if it does. If it goes wrong and you're not involved you will still have a good relationship with them.
These crypto ATM things are only used for scams. Ban this shit.
They were pretty popular back in my day of tomfoolery for "anonymous" purchasing for drugs n shid
i dont think bitcoin is anonymous though.
Bitcoin is anonymous, but not private. Anyone can view anyone's transactions, but there's no way to tie it to a person without further information
I can't believe a physical bitcoin depot exists
Chaining it to my car to drag it back to my place and crack it open for all the bitcoins inside
i did this once but my dealer crushed my head with it :(
As per news, Moskva City, the luxury district in Moscow, has a couple of these. The way I know it - they were mentioned as a way scammers got their victims to part with their belongings. Not once, not twice even, and the last time was in the late 2024 iirc.
Btw, there's something inherintly weird with physical ATMs under tight surveiliance servicing the 'anonymous' currency.
I was in Istanbul ~3.5 years ago and the number of Crypto stores(including in the Grand Bazar) that were basically FOREX traders for crypto was astounding
"My apes. All my apes. Gone."
"I typed one S instead of s on the 49-character account ID of the recipient. Can I get my money back?"
Is there no checksumming on the IDs?
Depends on client but yeah you can absolutely send a transaction(and thus lose your coins) to a non-existent address that fits the format of addresses and there's zero protection from fat-fingering an address that is one char off from another
Incredible technology
When I've used it payment has been through QR code. I use cash app for my bitcoin payments so I guess it's different for anyone who has their own coins though.
I actually don't know for sure but I do know that ages ago when I was curious about crypto all the guides said to triple check recipient IDs being perfect so that the "money" didn't go into the void or the wrong wallet.
I'm confused, haven't paid attention to butt toxin in a long time but I looked its price up and have never seen it so high.
Its price reflects tech asset inflation/speculation (to the nth exponent) that has been booming with this ai bubble. In general, there's usually lots of dumb money sloshing around in a bubble economy, and bitcoin attracts dumb money like flies to honey.
Did anyone record both sides of the conversation?
I'd love to hear the string of profanity coming from the other side
Lol. Same.