Is there any site that shows where all the atms are?
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IIRC the one in Vancouver is the only one in Canada right now

Wonder if that ATM has cash withdrawals each day. I wouldn't be surprised it get's robbed. It could likely hold a pretty penny

Interesting on how it trades though, guess that's my weekend reading on bitcoin. Technology moves too fast.

Bitcoin is still exploding. Unbelievable. Currently $378 on Gox, and $338.1 on BTC-E. LTC is hovering at $4.23. Although, it dropped below $4 a few minutes ago.

I plan to.deposit money for the first time tmrw at the atm. In order for me to do that I download the bitcoin wallet app on my android phone? And link that to my btc-e account?
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Something to think about...

All this means is that there will be leaps and bounds in security advancement, making it better.

I wouldn't doubt it was the NSA or something like that haha...

so... i dont know how to buy stocks or anything. I believe to buy bitcoins is the same as buying stocks, besides going to that atm.. You have to open a Trades account with the bank inorder to do exchanges right?

Nope.

Bitcoin is a currency, not a stock. You can go to the bank and buy RMB or JPY or whatever. You can either open an account, or they will give you stacks of paper with old people printed on them to represent the amount you own.

For Bitcoin, it's 100% digital. You can't buy it at a bank, but you can buy it on an online exchange or the ATM. At the exchange, you will get a code that stores the amount you own. This code must be stored in a wallet. This wallet is like holding that paper with the old people on it, so you don't want to lose it, even if it is digital. You can keep it encrypted on your PC, or use an online wallet like Blockchain.

At the ATM your code will probably be printed on a piece of paper, not sure. This will be encrypted as well, and can be decrypted when you spend it (either sending it to your own digital wallet, or giving it to someone in exchange for something)

Software is getting better, and will eventually be to the point where spending your bitcoin money is as easy as scanning a credit card or octopus card.

If anyone has used the ATM locally can they explain how it works?
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I think they have staff there during business hours to help with everything. Unless that was just when it first opened

soo I went today, I first deposited $20 and it printed out this receipt thing and address where it deposited the funds too. How can I send the money from that address to my btc-e account? I made another transaction later for another $20 and sent that directly to my btc-e account, and that worked. But the first transaction, I wanna figure out how to move the $20 to my account.

I've never used a paper wallet and I'm not sure if they all work the same, but here's one way to do it, using the Blockchain app

Bitcoin Paper Wallet Tutorial - blockchain.info

From there you can send it anywhere, and even load more money onto your 'receipt thing'

I just took the address to my online wallet on BTC-E.com and deposited directly.

For those of you who have been PM'ing me, here's the steps.

1) open account on BTC-e.com
2) go to ATM in Waves on Howe/Smithe
3) follow directions on ATM
4) when asked for where you want to deposit your BTC, scan the QR code from your "finances" section on BTC-e for "deposit BTC." Don't copy the address by hand, that leaves too much room for error. If you make a mistake, there is no undoing the transaction
5) BTC will be deposited to your BTC-e account
6) Trade away

7) optional; download BTC wallet. Transfer BTC to your wallet's address instead of BTC-e if you don't want to trade and just let it sit. Be sure to add a passoword to encrypt it and back up your *.dat file to 2-3 different locations. Like a USB, extra hardrive, email, cloud etc.

Alternatively you could also make an account on OKPay.com and deposit money directly to your BTC-e account. That way you can watch the prices and buy low. Buying at the ATM locks you into paying the current rate at that exact moment. The ATM uses Mt.Gox's pricing which is always a bit higher than BTC-e.

Then you can trade for LTC, FTC, NMC or whatever your heart desires. Just make smart moves. Don't go trade crazy or you'll see your money slowly start to disappear from poor trades and the %0.2 fee for each transaction.

LTC has exploded to over 9000! Cents... that is. BTC is also pushing for $600 on BTC-E.

Yea fuck it's crazy I want to sell some of my LTC but it's in my wallet at home :(
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Crazy how BTC was just in the low 200s at the beginning of November; Winklevoss twins laughing it up

If only I kept my LTCs and BTCs from May.. :lol

Damn I should have continued mining that LTC!

gone HAMMMM

In case you're wondering what is causing the boom

U.S. Agencies to Say Bitcoins Offer Legitimate Benefits - Bloomberg

I just wish the LTC > BTC rate would widen

All I know is I am holding onto my BTC in hopes of it becoming mainstream. Because if it does, it'll be worth a LOT more than $700. Possibly into the $5000 range

damn shit crashing lol, i wanted to sell some LTC at 9, too greedy :okay:

hmm.. so on BTC-E when you trade between LTC/BTC you seemingly get less BTC for your LTC than you would if you sold off LTC for USD then purchased BTC with the USD?