Bitcoin Depot 4+

I really enjoy your app but there’s one thing that I’m not happy about. The map on the main page. It should be in a side space. Not the main page. Now I have trouble looking for what I need to find. The page where I sent the bitcoin and when it’s received. I really think you need to rearrange this app so it’s not so confusing.

I’m a pretty new resident in the community where I am now, and found myself needing to buy some bitcoin yesterday. I looked around, searching the usual ways for finding a bitcoin ATM or retailer/dealer. It seemed Bitcoin Depot kiosks were going to be the most convenient way to go. So I got my cash in this case $190 worth, and got to the closest kiosk. Went through the process of setting up a profile which was very painless and got to the stage of feeding my money into the machine. So $20 after $20 would disappear into the machine and then finally a $10 bill to complete the $190. And so I stand there and I wait for confirmation of a purchase of I was thinking close to $190 worth of bitcoin. And I waited. Finally decided to leave the kiosk as the transaction still was processing and then some 10 minutes later I received a notification that there is $136 in my wallet on the Bitcoin Depot app. It turned out that was $136 in bitcoin and some $60 that I had fed into the machine was consumed as fees to buy the coin that I did receive. That’s absurd. $60 worth of fees. I expected some fees, but not to be ripped off by nearly a third of the amount that I fed into the machine. Whatever you do, never use one of their kiosks to buy bitcoin.

This was the second time going to the Bitcoin Depot atm to buy bitcoin with cash. It worked very smoothly. The bitcoin went to my wallet and was available for sending within an hour!! The only “con” issue is the built in exchange fee. This machine was set at $36,363/BTC. With the current price at $27,900, there is nearly a 20% difference. The ramifications of this difference is similar to my experience; I deposited $10,000 in cash and received $7,692 in btc. I’ll come back here when none of my other methods work good!