We've shut down the buy option at the Bitcoin ATM in Vancouver.
UPDATE: All withdrawals have all cleared! For the time being we will manually process all transactions through a personal float until a proper hot wallet solution is implemented. Thanks to everyone for the comments, suggestions, and support. Unfortunately, due to a massive delay in processing at Bitstamp, and ZERO response to repeated contact requests from anyone in management or customer service there, we've had to shut down the buying option at Vancouver's Bitcoin ATM at Waves Coffee. We are dealing with a backlog of 45+ BTC that are "waiting to be processed" and have not been processed since as far back as Tuesday. We will not bring the ATM back online until this backlog clears and we get a response from Bitstamp. To any customers waiting for their coins to come through we apologize for the inconvenience and confusion, and we thank you kindly for your patience. We can also assure you that you will not lose any money or coins as a result of this. The ATM's status can be seen on the front page of www.Bitcoiniacs.com, and we will update it, along with our Facebook page, as soon as this issue is resolved.
So I bought my first bitcoin in Vancouver with the ATM
It was an interesting experience. There were a couple guys from Bitcoiniacs there that were helping anyone who was confused with their first time. The guys where talking about changes to the UI to make it easier to use and understand. They were talking about some older customers and what they had difficulty seeing and using. For a first time user I was required to scan my palm 6 times to set myself with the system. I then had the option of including an email to attach to my palm account to get info, which I did. I then got an email saying my account was ready. I then started a transaction. I entered that I wanted a little over 1 bitcoin. I was able to use my phone to bring up my QR code and have it scanned by the ATM. It then asked me to put in the cash, and the amount I put in was what it put into my account. To tell you the truth I was a little unclear if the amount I entered at first was just to let me see the trade value of bitcoin at that amount, and if I was then able to adjust the amount I wanted to purchase by putting in the amount of cash that I wanted. There was lag with their servers or something they were saying, so it took some time for my bitcoin to get into my account. I must admit this made me feel a little funny as a first time bitcoin user. They said it shouldn't take that long anymore, but mine did take 7 hours to arrive in my account. Hopefully that will no longer be an issue. Well that was my experience buying bitcoin for the first time. Now I just need to figure out a second wallet that is more safe than my phone for storing, and keep my phone wallet for transactions. I tried Armory, but my computer can not seem to handle it. I am likely going to create an online wallet at blockchain.info until I find something better to transfer to again.
LTC on MTGox, Coinbase and BTC China CEO of the largest Bitcoin exchange in the world (BTC China), Bobby Lee, is the brother of the creator of Litecoin (Charles Lee_Coblee). Coblee works now at Coinbase... Well, you figure the schedule...
Well, I think it will be enough for the first part of the new year... And you, what do you expect for the new year ? (I may have been a little shy about my predictions...) Happy end-of-year celebration from Paris, France.
[uncensored-r/Bitcoin] List of NO2X Exchanges, Wallets, Brokers, and ATMs
The following post by h8IT is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/738g2w The original post's content was as follows:
i've seen a lot of bitcoiners ask how to avoid segwit2x and the companies that support it. i've tried to include the most pertinent ones below along with their services:
Hello to all the bitcoiniacs out there :) I recently stumbled upon this subreddit and I am more than glad about it, since it explains bitcoin so well and made me really eager to invest. Even though i made a lot of research, there are still some questions i couldnt answer easily, so i thought, that you handsome guys/gals could help me out.
Do i need a Client for bitcoin storage/buying in?
Would you suggest getting a paper wallet or digital?
What is Coinbase used for? Is it a wallet itself or...? and would it be enough as a wallet?
Where should i buy bitcoins as a european?
Where should i sell bitcoins as a european?
How does the process of spending bitcoins work? (i assume that you combine multiple wallets with a client if needed and use the combined bitcoin to buy stuff)
And sorry in advance for posting questions here. I know there are a lot ogf helpful sites which explain those things, but am a little bit busy with university at the moment, but want to buy in as soon as possible, because i see a lot of people regret the waiting. And i am always a little scared that there are to many differences between US and EU, so i rather ask again before making mistakes. Thanks for reading and the help of course :) Have a good one!
I recently bought bitcoin from the Bitcoiniacs.com atm and only after realized that they charge a 7% service fee. It's not clearly advertised on their website. If anyone is interested in buying or selling privately and in person with a straight exchange rate please comment below or PM me. If new to bitcoin, you can sign up for a wallet here List of local bitcoin merchants
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