1 00:00:00,000 --> 00:00:06,000 Now that we discussed the different methods of buying bitcoins and getting it into your wallet and this 2 00:00:06,000 --> 00:00:12,000 lecture I want to show you how to buy bitcoins with cash using a bitcoin ATM. 3 00:00:12,000 --> 00:00:19,000 Now, like I said, because we're using cash, this method can be anonymous as long as there are no 4 00:00:19,000 --> 00:00:24,000 cameras at the ATM and as long as you practice proper OPSEC. 5 00:00:24,000 --> 00:00:30,000 The only limitation here is if there are no bitcoin ATMs in your country. 6 00:00:30,000 --> 00:00:37,000 If you're not sure if there are any ATMs in your country or not, you can check out this website, Bitcoin, 7 00:00:37,000 --> 00:00:39,000 ATM, Reuters.com. 8 00:00:39,000 --> 00:00:45,000 I will include this link in the resources of this lecture and as you can see, very easy to use. 9 00:00:45,000 --> 00:00:52,000 All you have to do is type your address here or if you go down, you'll see a nice map that we have 10 00:00:52,000 --> 00:00:57,000 in here with all of the countries in the world, with the amount of ATMs that they have. 11 00:00:58,000 --> 00:01:04,000 This map will actually show you ATMs for a number of cryptocurrencies, not only bitcoins. 12 00:01:04,000 --> 00:01:06,000 So you can filter them from this list. 13 00:01:06,000 --> 00:01:12,000 And here you can filter whether you want to buy or sell crypto or you can filter based on the location 14 00:01:12,000 --> 00:01:13,000 type. 15 00:01:14,000 --> 00:01:16,000 I'm in Ireland, so I'm going to zoom in in here. 16 00:01:16,000 --> 00:01:22,000 And even though it seems like there are no ATMs in Ireland, when we zoom in a little bit, as you can 17 00:01:22,000 --> 00:01:24,000 see, we can see that there are three. 18 00:01:24,000 --> 00:01:31,000 And if I keep zooming in, we can see that there is one in Dublin where I live and if I click on it, 19 00:01:31,000 --> 00:01:32,000 I'll get more details. 20 00:01:32,000 --> 00:01:37,000 You can see in this ATM we can only buy bitcoins, we cannot sell. 21 00:01:37,000 --> 00:01:38,000 But that's what I want to do. 22 00:01:38,000 --> 00:01:39,000 So that's fine. 23 00:01:40,000 --> 00:01:46,000 We can buy Bitcoin and Ethereum, that's another cryptocurrency, and we can only buy these currencies 24 00:01:46,000 --> 00:01:47,000 with euros. 25 00:01:48,000 --> 00:01:56,000 So what they mean here by fiat is the actual real life currency that you can exchange for crypto. 26 00:01:56,000 --> 00:02:02,000 Now, if you click on view details, you'll get more details about this particular ATM. 27 00:02:02,000 --> 00:02:09,000 You'll see your views, you'll see their email, you'll see the location, you'll even see a comparison 28 00:02:09,000 --> 00:02:12,000 between it and the close by ATMs. 29 00:02:12,000 --> 00:02:18,000 And obviously you can see its location in here now before going to the ATM. 30 00:02:18,000 --> 00:02:25,000 It's a good idea to create another wallet because the wallet that we created previously, like I said, 31 00:02:25,000 --> 00:02:31,000 it uses the SegWit address, which is the latest type of address that you can use with Bitcoin. 32 00:02:32,000 --> 00:02:39,000 But I actually mentioned in that lecture that not all websites and I should have said not all ATMs accept 33 00:02:39,000 --> 00:02:43,000 that kind of address so they won't be able to transfer money to that address. 34 00:02:43,000 --> 00:02:50,000 So it's a good idea to create two wallets, one with the legacy option and one with the SegWit and bring 35 00:02:50,000 --> 00:02:54,000 the QR code of that wallet so you can transfer money to it. 36 00:02:55,000 --> 00:02:59,000 So I'm going to go to Thales real quick to create a legacy wallet. 37 00:03:00,000 --> 00:03:04,000 So as usual, I'm going to start electron that will click it. 38 00:03:05,000 --> 00:03:11,000 And instead of logging in to our existing wallet, the one that we created before, I'm actually going 39 00:03:11,000 --> 00:03:17,000 to type a new name here for a new wallet and I'm going to call this one John Wick legacy because it's 40 00:03:17,000 --> 00:03:18,000 going to use a legacy address. 41 00:03:19,000 --> 00:03:21,000 I'm going to click on next. 42 00:03:21,000 --> 00:03:26,000 We're going to keep this at a standard wallet and we're going to choose that we want to create a new 43 00:03:26,000 --> 00:03:27,000 seed. 44 00:03:27,000 --> 00:03:33,000 And in here, instead of keeping this at SegWit, we're going to change it to legacy. 45 00:03:33,000 --> 00:03:35,000 So it creates a legacy address for us. 46 00:03:36,000 --> 00:03:38,000 Now, again, it's going to give us the seed. 47 00:03:38,000 --> 00:03:42,000 I'm going to copy this and I'm going to put it in a text editor. 48 00:03:44,000 --> 00:03:45,000 And they'll copy it again. 49 00:03:45,000 --> 00:03:49,000 So in the next window, I'll paste it here. 50 00:03:50,000 --> 00:03:54,000 Click on next set up password to encrypt the wallet. 51 00:03:56,000 --> 00:03:57,000 And perfect. 52 00:03:57,000 --> 00:03:57,000 That's it. 53 00:03:57,000 --> 00:03:59,000 Now the wallet is created. 54 00:03:59,000 --> 00:04:01,000 It's called John Wick Legacy. 55 00:04:01,000 --> 00:04:07,000 And like I said, the whole point of this is to have a legacy address in case we're receiving money 56 00:04:07,000 --> 00:04:11,000 from a website that doesn't support the latest SegWit addresses. 57 00:04:11,000 --> 00:04:17,000 Or if we're transferring money from an ATM that doesn't support the latest SegWit addresses. 58 00:04:17,000 --> 00:04:24,000 So if we go and receive, you can see the address in here and note that this time the address starts 59 00:04:24,000 --> 00:04:25,000 with number one. 60 00:04:25,000 --> 00:04:28,000 This means that it is a legacy address. 61 00:04:28,000 --> 00:04:33,000 In the previous lecture, when we created a SegWit address, you'll notice that the address starts with 62 00:04:33,000 --> 00:04:37,000 B, so if it starts with one, that means it's a legacy address. 63 00:04:37,000 --> 00:04:40,000 If it starts with B, then it's a segwit address. 64 00:04:41,000 --> 00:04:45,000 Now what's really important for us in here is the QR code. 65 00:04:45,000 --> 00:04:53,000 So I'm going to click it and either take a picture of it with your phone or take a screenshot and send 66 00:04:53,000 --> 00:04:58,000 it to your phone because you're going to need this in order to transfer money to this wallet. 67 00:04:59,000 --> 00:05:06,000 So now that we have the QR code of our wallet and we have we already have the address of the ATM, all 68 00:05:06,000 --> 00:05:11,000 we have to do is go to that ATM and transfer money to our wallet. 69 00:05:13,000 --> 00:05:13,000 Okay. 70 00:05:13,000 --> 00:05:18,000 So now I'm at the shop and at the ATM that we found on ATM radar. 71 00:05:18,000 --> 00:05:19,000 Com. 72 00:05:19,000 --> 00:05:25,000 Now keep in mind, using the ATM might be slightly different, but the general idea is the same. 73 00:05:25,000 --> 00:05:27,000 It's actually very, very simple. 74 00:05:27,000 --> 00:05:32,000 Similar to using any ATM, you tap on the screen, you follow the instructions, and everything should 75 00:05:32,000 --> 00:05:34,000 work as expected. 76 00:05:34,000 --> 00:05:41,000 So as you can see on the top, right, it's showing us the current exchange rate for both Bitcoin and 77 00:05:41,000 --> 00:05:41,000 Ethereum. 78 00:05:41,000 --> 00:05:46,000 Like I said, Ethereum is just another crypto that this ATM allows you to buy. 79 00:05:46,000 --> 00:05:52,000 So I'm going to tap the screen to start and I'm going to choose Bitcoin because I want to buy Bitcoin 80 00:05:52,000 --> 00:05:57,000 and I'm going to choose buy because I want to buy, not sell. 81 00:05:57,000 --> 00:06:05,000 And I'm going to select the first option on the left to buy up to €250 because I only want to buy €20 82 00:06:05,000 --> 00:06:07,000 worth of bitcoins. 83 00:06:09,000 --> 00:06:13,000 Now it's asking me to provide the address of my wallet. 84 00:06:13,000 --> 00:06:19,000 Like I said, to do this, we're going to use the QR code of the legacy wallet that we created. 85 00:06:20,000 --> 00:06:25,000 As you can see, I already have a picture of it here on another phone and all I have to do is just kind 86 00:06:25,000 --> 00:06:26,000 it in here. 87 00:06:27,000 --> 00:06:29,000 So it scanned the code properly. 88 00:06:29,000 --> 00:06:31,000 If the code was not scanned, it will show you an error. 89 00:06:32,000 --> 00:06:38,000 And now it's telling me that I should put the cash money that I want to exchange for bitcoins. 90 00:06:38,000 --> 00:06:43,000 So again, you can see the LED light on the top, right, for where you should put the money. 91 00:06:43,000 --> 00:06:49,000 I'm going to put my 20 year note in here and as you can see on screen is telling me that it detected 92 00:06:49,000 --> 00:06:57,000 €20 and that will be exchanged for 0.0015 for four bitcoins. 93 00:06:57,000 --> 00:07:06,000 So in our wallet, our wallet in micro bitcoins, this will be equal to 1.544 micro bitcoins. 94 00:07:06,000 --> 00:07:07,000 That's fine. 95 00:07:07,000 --> 00:07:10,000 We're going to click on the green button to buy the bitcoins. 96 00:07:11,000 --> 00:07:12,000 And perfect. 97 00:07:12,000 --> 00:07:13,000 That's it. 98 00:07:13,000 --> 00:07:17,000 As you can see, it's telling us that the transaction is complete. 99 00:07:18,000 --> 00:07:23,000 You can click on send the receipt to receive a receipt, but this will ask you for a phone number or 100 00:07:23,000 --> 00:07:26,000 an email to to receive a copy of the receipt. 101 00:07:26,000 --> 00:07:31,000 So you might not want to provide that if you want to stay as private and anonymous as possible. 102 00:07:32,000 --> 00:07:33,000 And that's it. 103 00:07:33,000 --> 00:07:38,000 Now you want to give it a few minutes and the money should appear in your Bitcoin wallet. 104 00:07:40,000 --> 00:07:46,000 And as you can see in here, I'm in my John Wick legacy wallet, the one with the legacy address. 105 00:07:46,000 --> 00:07:51,000 And as you can see in the history, we can see that we got a transaction. 106 00:07:51,000 --> 00:07:52,000 It's a plus on here. 107 00:07:52,000 --> 00:07:55,000 So that means money went into the wallet, not outside of the wallet. 108 00:07:55,000 --> 00:08:01,000 And the amount of it is 1.54 for micro Bitcoin. 109 00:08:01,000 --> 00:08:07,000 So again, at the balance in here, it's 1.54 for micro bitcoin, not Bitcoin. 110 00:08:07,000 --> 00:08:13,000 And obviously the final balance because we had zero, again, it's 1.544. 111 00:08:13,000 --> 00:08:20,000 So now we can actually use this wallet to send money to other addresses to other sellers and so on. 112 00:08:21,000 --> 00:08:28,000 You can even use this tab in here to send money to our other wallet, to the wallet that uses the SegWit, 113 00:08:28,000 --> 00:08:30,000 not the legacy address.