I bought $140 worth of BTC at a Coinstar ATM in a Vons supermarket. The posted transaction fee was 4%, which is very reasonable for a BTC ATM. However, instead of allowing me to immediately buy the BTC and transfer it to my wallet I was given a voucher and instructed to go online to redeem the voucher to receive the BTC I just paid for. After going to the website, which is called coinme, not Coinstar, I was told to enter my drivers license and a selfie. Then, when I finally received my BTC and transferred it to my wallet, I was left with $120 of the $140 that I had paid for the BTC. Which means I paid a 14% fee instead of the 4% that was posted on the ATM.
Stay away from Coinstar BTC ATM's!!
Submitted October 03, 2020 at 05:21PM by scifiwriter99 https://ift.tt/36wfjdx https://ift.tt/2Z7cX2s
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