Giving Simpleswap & Shitcoinsclub A Try !

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(Edited)

Yep, you read that right.

ShitCoinsClub 😂

This is easily one of most ridiculous business names you are likely to come across. And definitely one that doesn't inspire much trust.

And yet, judging from the hands-on experience I just had..they are totally legit!

In case you haven't heard of them, they are a worldwide Bitcoin atm operator.

I recently found one had opened in my neighborhood so I decided to give it a try today.

One of their greatest pros is that they don't require kyc to cash out up to a certain limit, something that gets more difficult each passing day. This limit differs from country to country, but it's about 1000 $ on average. By the way that limit is per transaction, so you can bypass it by making more then one withdrawals. Which means a few extra bucks for paying deposit fees etc etc.

So I decided to give them a try and the whole process was totally seamless.

I had never used a BTC atm before and I had no wallet app in my phone. Plus, I decided to sell some hive (I know, treason!) a currency not directly supported by shitcoinsclub which complicated matters a bit

So to bypass that problem and still remain non kyc, I used the simpleswap.io exchange to convert my hive to usdt on the tron network, lmao. Funnily, shitcoinsclub don't have ether or bsc usdt 😂 But they do have usdcb if you want an ether stable coin.

Anyways, the whole simpleswap conversion and transfer to the shitcoinsclub address took less then 10 mins and I soon had my money.

The conversion fees for both services combined were pretty decent. Specifically, I sold 1000 hive, worth of 402 USD (using coingecko price) which is 370 euro. Irl, I ended up withdrawing 350 euro, which means a total 5 % combined fee from both simpleswap and shitcoinsclub. Not bad for being full anon. And using two different services!

By the way the ATM was pretty easy to use. It just gives you a paper with a wallet address and a qr (after you choose your preferred currency). Then with the same paper you can get your money after you deposit the crypto on the address on the paper. Pretty easy stuff for the average crypto bro.

All in all, great service, will use again!

Posted Using InLeo Alpha

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That's nice that you can avoid the KYC. Here is the US you can't avoid it at any crypto ATM, it's ludicrous. That's cool, easy way to cash out and no KYC!

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I do like Simpleswap I haven't found another service that offers so many options as of yet.

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Marky suggested me swapspace , gives somewhat better deals!

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I have been using Simpleswap for years at this point. It’s a good exchange. I even built it into LogicSwap.exchange as our cross chain option.

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Yeah, judging from the comments it's more popular then I thought!

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Oh yeah, it’s one I use all the time! I even use my own widget and earn referral fees on all my exchanges, 😂

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I like that. Hope to follow up.

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They aren’t around here but there are other companies that have them around here.

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Very interesting especially because KYC is not necessary
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@tipu curate

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I've used SimpleSwap a couple times. Very difficult to get a issue resolved should one arise. Took almost as long to get a refund as it did from LEODEX..

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It looks like a valid choice. I haven't used it before but it looks like a decent option if you don't want to go through all the KYC stuff. However, Tron network is a network I wasn't considering. Did you use that because of Simpleswap?

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No, it's the network these machines use for usdt. Thankfully, it turned out to be super fast!

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Cool! I need to check out if they are in my country too. The combined fee is not so bad indeed, I often end up paying similar fee even while being full KYC :D :/

@tipu curate 3

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Thank you for this positive review...you are correct...it really does not inspire trust...however, the main thing is that it worked.

You probably are aware there are those who have lost funds through Ionomy...@woelfchen is the only one I have heard came out with his funds after a bit of strong arming, per his post about the experience.

Cheers!

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