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Saw this in my neighborhood at a gas station. Never seen something like this before, would you trust this? How does something like this work? Still semi new to BTC so delete if not allowed.

Saw this in my neighborhood at a gas station. Never seen something like this before, would you trust this? How does something like this work? Still semi new to BTC so delete if not allowed.



View Reddit by MetalRobotBerryView Source

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7 Comments

  1. They likely have an ATM that you can feed dollars in exchange for BTC. Probably trustworthy, but the fees and premium on the pricing will cost you an arm and a leg (significantly more than any exchange).

  2. Probably has a BTM set up inside. You can Google BTMS near me and you’ll probably see it listed. The way it use to work not sure now. You can put in up to $800 with just a phone number and up to 10k with an driver’s license. You just set up a wallet on your phone and send the coin there.

    However BTM fees are rather high usually 10% to 20% depends on the current market and that company.

    If you don’t need a way to just get rid of cash or get some anonymous crypto I would just get it from an online site like coinbase. Or better yet an individual who owns it.

  3. Thank you everyone for your replies and informing me more on what this is! I really appreciate it, I’ve been learning a lot this last month and will continue to do so. I love the idea of BTC & love the community!

  4. Only have them send to a wallet you know and check for confirmation on explorer you used before. If it’s a random escrow or wallet website they are ‘sending’ to it is likely a scam.

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