Tag Archives: sell bitcoin

Using a BitAccess bitcoin ATM at Rocket Fizz in Las Vegas

This is the last (tenth) review from our bitcoin ATM use series. Hope our reviewers enjoyed HW.1 hardware wallets from Ledger and readers enjoyed reading experience of real people using bitcoin ATMs at different locations.

For the full list of bitcoin ATM usage reviews please check this post.

The following review is provided to us by the user with a nickname NoNSeNsii from Las Vegas. Bitcoin machine that was reviewed is located at Rocket Fizz.

Bitcoin ATM Rocket Fizz Las Vegas

The bitcoin ATM was wonderfully convenient and easy to use. I started out walking up to it and noticing how strange and minimalistic it seemed. As I touched the screen to activate the process it gave basic questions and requests. It asked for my phone number. Then requested that I verify the front and back of my ID. Then it asked that I take a picture in front of the webcam in order to verify and authenticate. After verifying everything, it asked me to wait a moment as it verified. I then waited about 10 minutes. And I received a text message to go back to the ATM.

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Bitcoin ATM transaction is delayed – what to do?

Lately many bitcoin ATM users complained that they feed cash into machine, but don’t receive bitcoins to scanned address, or they sent bitcoins to a machine, but can’t withdraw cash. This post is supposed to check what are the possible reasons of this and how to prevent it or solve it when it happens.

Prehistory – Bitcoin network congestion and block size limit

Since Bitcoin launch in 2009 the network has been growing steadily with respect to number of transactions. There was a 1 MB limit set on block size by Satoshi Nakamoto to prevent spam/DDOS attacks on the network in the early days and this limit was left there untouched as there was a lot of space before this limit could be reached. Meanwhile, there were many hot discussions about what to do when we reach it. Unfortunately, measures were not taken on time, and today we still have this artificial limit set in the Bitcoin Core client, which is the most widely used by nodes and miners. So we reached the point when we are literally hitting the ceiling of the network capacity.

Bitcoin blocksize
Bitcoin blocks are consistently full, hitting the 1 MB limit (source: https://tradeblock.com/bitcoin)

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Using a bitcoin ATM: Satoshi1 machine at Vape Dynamiks in Athens, GA

This is a fourth review of bitcoin ATM usage sent to us by participants in “Hardware wallet in exchange for bitcoin machine review”. At the time of this writing there are still 2 hardware wallets available. You can send your story to us and get Ledger HW.1 wallet.

The following story is provided to us by Eric Kwak from Athens, GA. And bitcoin ATM reviewed is located at Vape Dynamiks in Athena, GA.

Bitcoin ATM Vape Dynamiks in Athens, GA

Gone are the days of the “first generation” bitcoin ATM’s that not only looked like a prototype side project but also functioned like one. Although this is only the second time I’ve had the pleasure of using a 2-way Genesis Coin ATM, it’s clear that the process of selling Bitcoin and receiving fiat money ATM-style seems to be getting increasingly simpler and ever-quicker than before. And one of the most convenient parts about this particular location visited? The ATM is located inside a vape bar that closes late (11:00 pm on average). Might not be so great for those all-night bender weekends :/ After all, it is located in the heart of GA Dawgs territory! Anyhow, I’m not here to judge you on how you spend your hard earned btc’s->fiat, but rather to fill you in on the pleasurable experience I had trading them for some boring ole’ bills.  Continue reading

Buy or Sell bitcoins for cash, bitcoin ATM alternatives

Bitcoin ATMs appeared first in 2013 and since then increased their presence in many countries around the world. At the moment there are 341 bitcoin ATM installed according to our bitcoin machines map.

Bitcoin ATM is one of the fastest ways to get into bitcoins and sell bitcoins for cash in case it supports two-way operations. But in parallel there are many more physical locations, where you can buy bitcoins for cash or sometimes sell. Those services are usually based on the existing infrastructure be it ATMs network, stores chain or agent offices. Here is a list of such services, usually every of them is targeting some geographical local market. Continue reading