Experience with bitcoin atm in singapore

So I heard that singapore has installed its first bitcoin atm machine in the city – kudos to coinrepublic. Operating the machine was dead easy. I had a go at it – Keep up the good work guys.

The machine was installed at 29 boon tat street (inside Bar Tini). There was a big 31 boon tat street sign beside the shop.

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This was how the atm looked like.

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The user interface was dead easy. I thought of selling some bitcoins for a trial.

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So I decide to purchase $1000 sing dollars worth of bitcoins. It would cost me 1.748 btc. Looked like the fee was 5%. Thanks to china for bringing the rate down.

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The atm dispensed a ticket consisting of 2 qr code. The code above was the wallet address to send to. So I used my blockchain app on my phone to send 1.74 btc to them.

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I scanned the bottom qr code to check if the payment has been made.

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Noped. I was to fast. I needed to wait for the transaction to be verified. I needed at least 1 verification.

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5 mins later, I scanned again.

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It went through this time round.

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and I got the receipt.

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and of course the money! all in 10 dollars note!

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Welcome to the future of currency.

Author: bpeh

Bernard Peh is a great passioner of web technologies and one of the co-founder of Sitecritic.net Website Design and Reviews. He works with experienced web designers and developers everyday, developing and designing commercial websites. He specialises mainly in SEO and PHP programming.