Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash
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Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash

THELOGICALINDIAN - On January 23 2024 the accepted Youtuber Mambafx appear a video of himself abandoning 16000 in banknote from bitcoin ATMs The video shows how it took assorted bitcoin ATMs to complete the action but by the end of the 17minute blur Mambafx withdrew over 16k by affairs bitcoin to the automatic teller machines

Mambafx is a accepted accepted banker on Youtube and assorted amusing media outlets. Just recently, he filmed a video about cashing out some bitcoin. In a antecedent Youtube video, Mambafx showed how difficult it was to banknote out $5k in bitcoin (BTC) by leveraging cryptocurrency ATMs in his region. In his latest video aggregate with 86,000 approach subscribers, Mambafx auspiciously cashes out over $16k in bitcoin.

Of course, the action of cashing out $16,000 account of bitcoin and axis it into banknote wasn’t easy. Even at the actual aboriginal bitcoin ATM Mambafx visited that allows individuals to advertise bitcoin said that it would let him booty $15k. However, afterwards account the machine’s agreement of account (ToS), Mambafx was alone accustomed to booty out $2,900 in banknote and all of it in $20 bills.

The banker additionally told his Youtube subscribers how BTC’s amount was on a breach and he had fabricated a few thousand dollars added afore cashing out. Further, Mambafx said that he may alike attack to do a $100k abandonment abutting and asked his admirers if bodies would like to see that video in the future.

Despite the success in abandoning $16k, Mambafx said he suffered “10% losses on these withdrawals” back application these bitcoin ATMs. Just afore visiting the aboriginal bitcoin ATM Mambafx said: “So we’re gonna go into the mall, hopefully calmly abjure $20k, actual f***ing unlikely, but we’re gonna try and see how abounding of the ATMs we gotta go to.”

By the breadth of the 17 minute video, admirers can watch Mambafx actuality affected to stop at a countless of bitcoin ATMs in adjustment to assemblage $16k in cash. Interestingly, the machines alone discharge out 20 dollar bills and at one point while abandoning $3k, Mambafx anticipation the money would get ashore in the slot.

By the end of the video, Mambafx managed to abstract about $16,440 afterwards application his smartphone app to acquisition all the two-way bitcoin ATMs that would acquiesce him to advertise BTC. Despite advantageous a whopping 10% fee per abandonment at the end of the video his bag was abounding with an astronomic bulk of $20 bills. It’s acceptable the able-bodied accepted Youtuber apparently paid a few bucks for BTC arrangement fees as well. The video additionally accent the actuality that Mambafx had to delay a continued time for arrangement confirmations. The video shows Mambafx did administer to get a baby bulk of $100 bills during the process.

The two-way ATM generally requires a distinct acceptance or added on the BTC arrangement and it gives the chump a agenda in adjustment to retrieve the banknote afterwards a acceptance completes. Mambafx sat about absolutely generally cat-and-mouse for the arrangement acceptance and again withdrew his banknote afterwards the actuality with his voucher. It absolutely is a anticipation for attention the ATM from a replace-by-fee (RBF) scam, but makes for a continued video of cat-and-mouse back addition like Mambafx wants to abjure $16k.

Selling $100k account of bitcoin to crypto ATMs in adjustment to abjure all that banknote could booty an acutely continued time for Mambafx to accomplish.

What do you anticipate about Mambafx auspiciously affairs $16k account of bitcoin for cash? Let us apperceive what you anticipate about this accountable in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Youtube, Mambafx,