Today I made my first transaction with real money to buy some bitcoin and to have it transferred into my wallet. I went to my local store where they promote bitcoin and the services behind it. I have to tell you that I was so excited to try it, I felt like a child learning how to walk. I entered the store without knowing how to use to ATM, and I was looking like a zombie in front of it. A good man came to my rescue, asked if I needed help, and showed me how to use this bitcoin ATM on the picture. I told him that I had never used this kind of ATM before.
So far, I received every payment from the applications I am using on my smartphone and my participation on the Bitcointalk forum. I never bought bitcoin with my money.
I told the guy that I wanted to buy only 5$ CAD for a test purpose. This type of bitcoin ATM accept only cash; it doesn't take any debit card or credit card.
Then I show him that I used the bitcoin wallet Mycelium and he told me that it was a real bitcoin wallet. He said that I needed to have the QR Code ready because I needed it during the process of buying bitcoin with real money with this ATM.
Then, he guided me on how to buy my first 5$ with this ATM machine.
- I clicked next on the screen of the ATM.
- I presented the QR code into the scan with my smartphone.
- My public bitcoin public key appeared on the screen.
- I entered my 5$ into the ATM.
- I clicked next and the purchase was made.
- I logged into my wallet to validate the money was there.
I was impressed by how easy and smooth the process was; I was a little bit scared at first to try it. The fee was not so expensive, received 4.70$ into my bitcoin wallet with only a 5$ banknote. I am happy to share my experience with you, and I hope this will give you the motivation to try also.
If you need further information, don't hesitate to ask in the comment section of this post.