Introduction
Funny story on how a newbie in crypto currency like myself was nearly losing 500 dollars. My experience could be used from others newbies that are here in Steemit and don't know how to cashout in fiat.
Of course if you know everything about it... jump on the last session of this post ;)
Situation
Last night I was going back home from Ipswich check this post and I saw online that there was a BTC-ATM on my way back home so I said... well I need money, so finally I can use my wallet to cashout and maybe to buy a present to my girlfriend.
All this was in my mind... I went to the shop where the ATM was, I toke the wallet and I have followed the instructions as was written online or as the machine was displaying or following the video tutorials on youtube.
Real situation
As you can see from the photos you can follow up easily the steps and you can scan the code and transfer the money.
EASY NO?
Well remember that this procedure is not so quick and easy as look like.
Once you send the money to the ATM ( not considering that anyway the fees are giving you much less than the real price of a BTC) you have to select the option QUICK SEND that means that your order will be processed within 1h.
So if you had other plans you are fu**ed.
If you are unlucky like me... your wallet will not give you the option QUICK SEND... but AUTOMATICALLY will send the BTC in the slowest way.... it says 1H +.
What does mean 1+h? well yesterday like an idiot I was waiting for 1 hour and 40 minutes in the bloody shop chatting with the assistance (Thanks them I was feeling ok as I was thinking I have lost 500 dollars).
I told the guy in the chat that I couldn't wait anymore as my girlfriend was complaining so much I was in this supermarket for hours.
Conclusion
I went back home... it toke me another hour and once arrived I saw that finally the operation was confirmed. The shop was closing in 30 min so was pointless driving again back to the shop to cashout so I did ask a refund.
This morning I wake up early but after few hours I saw the money (of course less the fees) back in my account.
So guys before doing any operation like this... try to remember that it take time... several time and please pay a bit more fees so in this way you don't have to wait hours to cashout.