CCN conducted an exclusive investigation into BTCU.biz's new Bitcoin ATMs in the Ukraine and discovered a less than perfect picture.
When Coin ATM Radar announced 16,000 new Bitcoin-enabled ATMs in the Ukraine, we here at CCN decided to see these machines for ourselves. Do they exist? Do they really work? Are they a good deal? Read on to find out.
So we commissioned a private investigator to take a look at 10 of these newly-minted Bitcoin ATMs in the port city of Berdiansk in Southeast Ukraine.
We found that 7 of these 10, randomly selected, ATMs were present where Coin ATM Radar said they would be, and were in working order. But 3 were either out of service, nowhere to be found or lacking Bitcoin service.
The iBox machines enjoy better customer support in our experience and are more well-maintained than 24nonStop’s machines, which are more hit and miss.
Users can also sell their bitcoin back to the company for Ukranian hryvni (UAH) by withdrawing funds into a Ukrainian bank card. Service on these new 16,000 ATMs adds to their previously existing network.
A lingering question is the apparent 17 per cent fee when purchasing bitcoin at these ATMs but the community response has been generally positive, with one Ukrainian redditor saying he planned to start using the new terminals immediately.
Working ATMs are marked with a green heart. Non-working ATMs are marked with a broken red heart. Unmarked ATMs we did not test.
Here are the photos we took of the ATMs in Berdiansk.
Have you tested more of the bitcoin ATMs in Ukraine? Leave a comment below!
Last modified: January 25, 2020 11:14 PM UTC