Just stacked my first sats with nostr:nprofile1qqsza56ed667de7q6mu6uxspetg7gzadqtkeug3plserzcj2nz6vc7qpz9mhxue69uhkummnw3ezuamfdejj7txdgdu Now my Christmas bonus is in a safe place πŸŽ„

There was no KYC, I simply inserted cash into the ATM. The funds were in my account in seconds, ready to buy Bitcoin. Very fast and simple. I will definitely use this service again. You don't even need an account, you can buy straight to a Bitcoin wallet address πŸ€™

Reply to this note

Please Login to reply.

Discussion

Strange. When I try to create an account on their website it asks me to verify my ID. That would be KYC.

You don't need to verify if you use the cash ATM.

Ahh I see. I am in the USA. No Bitcoinwell ATMs here

Oh, yes, it is a Canadian company πŸ€™

What are the fees / spread? I have stayed away from ATMs for the most part since the spreads and fees are so high

It's not great, 7% total. But it works when my Robosats is messing around and won't πŸ˜‚ It's good to have options.

Lite accounts which allow you to buy a Cash Voucher at an ATM and redeem the Cash Voucher to buy bitcoin in your portal are only available in Canada

Folks in the USA only have access to our KYC'd online accounts for now

No KYC for me thanks. I wish my Canadian family good stacking!

Are these ATMs working in both directions? I mean, could you also sell Bitcoin and get Fiat cash?

Only one way at the ATM. You can sell with an account, but that will be kind of KYC though, because it relies on Interac direct deposit to your bank account. No ID up to $9500 though for selling.

We have some ATMs that support sell! However, most of our ATMs are buy only. You can view our map of ATMs here: https://bitcoinwell.com/bitcoin-atm

Bitcoin Well is a kickass exchange. Doing it right. nostr:npub1k763esjjzm2vzz7gtt38q4wf49zlua72l4rreu3myzghuwwwdqtq2mcg5x

Looks interesting! Thanks for sharing πŸ™