I used a RocketCoin ATM in Miami, FL and here was my experience.
I had Litecoin on my phone and decided to sell some for cash so I looked up what were the closest 2-way ATMs that could handle Litecoin. I wouldn't attempt to utilize Bitcoin because as we know it worked better in 2015 than it does now and you could easily get hit with a $30 fee by sending Bitcoin.
I was going to pull $500 out of the ATM. It had me create an account with a phone number and had me create a PIN. It told me how much Litecoin to send to it. I performed that action and it printed a withdraw ticket. Printed it out and had a transaction code. I went to withdrawal and it only pumped out $60.
I don't know why the machine let me do the transaction when the machine didn't have enough money in the bill despensor.
I had to call support and they decided to send me over to the next nearest ATM that had enough bills in it. I went over there and the gas station was shut down with the doors locked and the gas pumps had plastic bags on them. I don't know what was going on.
I had to call support again and they sent me to a 3rd location. It was getting more and more hood with every location.
The 3rd location worked and I was able to get the rest of the cash out.
Success deserves a smug grin!
In Conclusion
The interface was easy to use but I don't know why the software couldn't tell there weren't enough Bill's in the despensor because support could tell what locations had enough bills to complete my order.
The ATM network is important because we need the most on and off ramps for crypto to work efficiently. There was about a 10% difference in the price you are going to get compared to market rates. This is very standard in the ATM network.
This is one of the quickest ways to enter and exit the market.
Have you guys used at crypto ATMs? What was your experience?
