WEBVTT 00:00.570 --> 00:06.750 Now that we discussed the different methods of buying bitcoins and getting it into your wallet and this 00:06.750 --> 00:12.630 lecture I want to show you how to buy bitcoins with cash using a bitcoin ATM. 00:12.930 --> 00:19.020 Now, like I said, because we're using cash, this method can be anonymous as long as there are no 00:19.020 --> 00:24.240 cameras at the ATM and as long as you practice proper OPSEC. 00:24.570 --> 00:30.270 The only limitation here is if there are no bitcoin ATMs in your country. 00:30.870 --> 00:37.440 If you're not sure if there are any ATMs in your country or not, you can check out this website, Bitcoin, 00:37.470 --> 00:39.100 ATM, Reuters.com. 00:39.390 --> 00:45.450 I will include this link in the resources of this lecture and as you can see, very easy to use. 00:45.450 --> 00:52.020 All you have to do is type your address here or if you go down, you'll see a nice map that we have 00:52.020 --> 00:57.720 in here with all of the countries in the world, with the amount of ATMs that they have. 00:58.050 --> 01:04.170 This map will actually show you ATMs for a number of cryptocurrencies, not only bitcoins. 01:04.170 --> 01:06.240 So you can filter them from this list. 01:06.240 --> 01:12.690 And here you can filter whether you want to buy or sell crypto or you can filter based on the location 01:12.690 --> 01:13.320 type. 01:14.370 --> 01:16.860 I'm in Ireland, so I'm going to zoom in in here. 01:16.860 --> 01:22.650 And even though it seems like there are no ATMs in Ireland, when we zoom in a little bit, as you can 01:22.650 --> 01:24.660 see, we can see that there are three. 01:24.660 --> 01:31.140 And if I keep zooming in, we can see that there is one in Dublin where I live and if I click on it, 01:31.140 --> 01:32.750 I'll get more details. 01:32.760 --> 01:37.290 You can see in this ATM we can only buy bitcoins, we cannot sell. 01:37.290 --> 01:38.610 But that's what I want to do. 01:38.610 --> 01:39.660 So that's fine. 01:40.260 --> 01:46.920 We can buy Bitcoin and Ethereum, that's another cryptocurrency, and we can only buy these currencies 01:46.920 --> 01:47.940 with euros. 01:48.510 --> 01:56.220 So what they mean here by fiat is the actual real life currency that you can exchange for crypto. 01:56.910 --> 02:02.400 Now, if you click on view details, you'll get more details about this particular ATM. 02:02.400 --> 02:09.600 You'll see your views, you'll see their email, you'll see the location, you'll even see a comparison 02:09.600 --> 02:12.420 between it and the close by ATMs. 02:12.990 --> 02:18.630 And obviously you can see its location in here now before going to the ATM. 02:18.660 --> 02:25.620 It's a good idea to create another wallet because the wallet that we created previously, like I said, 02:25.620 --> 02:31.860 it uses the SegWit address, which is the latest type of address that you can use with Bitcoin. 02:32.100 --> 02:39.420 But I actually mentioned in that lecture that not all websites and I should have said not all ATMs accept 02:39.420 --> 02:43.560 that kind of address so they won't be able to transfer money to that address. 02:43.560 --> 02:50.190 So it's a good idea to create two wallets, one with the legacy option and one with the SegWit and bring 02:50.190 --> 02:54.540 the QR code of that wallet so you can transfer money to it. 02:55.200 --> 02:59.640 So I'm going to go to Thales real quick to create a legacy wallet. 03:00.540 --> 03:04.020 So as usual, I'm going to start electron that will click it. 03:05.410 --> 03:11.350 And instead of logging in to our existing wallet, the one that we created before, I'm actually going 03:11.350 --> 03:17.140 to type a new name here for a new wallet and I'm going to call this one John Wick legacy because it's 03:17.140 --> 03:18.940 going to use a legacy address. 03:19.330 --> 03:21.040 I'm going to click on next. 03:21.640 --> 03:26.800 We're going to keep this at a standard wallet and we're going to choose that we want to create a new 03:26.800 --> 03:27.610 seed. 03:27.610 --> 03:33.100 And in here, instead of keeping this at SegWit, we're going to change it to legacy. 03:33.100 --> 03:35.890 So it creates a legacy address for us. 03:36.460 --> 03:38.440 Now, again, it's going to give us the seed. 03:38.440 --> 03:42.520 I'm going to copy this and I'm going to put it in a text editor. 03:44.330 --> 03:45.950 And they'll copy it again. 03:45.950 --> 03:49.160 So in the next window, I'll paste it here. 03:50.420 --> 03:54.050 Click on next set up password to encrypt the wallet. 03:56.540 --> 03:57.260 And perfect. 03:57.260 --> 03:57.660 That's it. 03:57.680 --> 03:59.330 Now the wallet is created. 03:59.330 --> 04:01.040 It's called John Wick Legacy. 04:01.040 --> 04:07.460 And like I said, the whole point of this is to have a legacy address in case we're receiving money 04:07.460 --> 04:11.600 from a website that doesn't support the latest SegWit addresses. 04:11.600 --> 04:17.420 Or if we're transferring money from an ATM that doesn't support the latest SegWit addresses. 04:17.990 --> 04:24.140 So if we go and receive, you can see the address in here and note that this time the address starts 04:24.140 --> 04:25.250 with number one. 04:25.250 --> 04:28.220 This means that it is a legacy address. 04:28.220 --> 04:33.830 In the previous lecture, when we created a SegWit address, you'll notice that the address starts with 04:33.830 --> 04:37.550 B, so if it starts with one, that means it's a legacy address. 04:37.550 --> 04:40.910 If it starts with B, then it's a segwit address. 04:41.450 --> 04:45.980 Now what's really important for us in here is the QR code. 04:45.980 --> 04:53.090 So I'm going to click it and either take a picture of it with your phone or take a screenshot and send 04:53.090 --> 04:58.850 it to your phone because you're going to need this in order to transfer money to this wallet. 04:59.450 --> 05:06.770 So now that we have the QR code of our wallet and we have we already have the address of the ATM, all 05:06.770 --> 05:11.390 we have to do is go to that ATM and transfer money to our wallet. 05:13.250 --> 05:13.670 Okay. 05:13.680 --> 05:18.250 So now I'm at the shop and at the ATM that we found on ATM radar. 05:18.530 --> 05:19.060 Com. 05:19.400 --> 05:25.550 Now keep in mind, using the ATM might be slightly different, but the general idea is the same. 05:25.550 --> 05:27.160 It's actually very, very simple. 05:27.170 --> 05:32.750 Similar to using any ATM, you tap on the screen, you follow the instructions, and everything should 05:32.750 --> 05:34.190 work as expected. 05:34.820 --> 05:41.060 So as you can see on the top, right, it's showing us the current exchange rate for both Bitcoin and 05:41.060 --> 05:41.540 Ethereum. 05:41.540 --> 05:46.130 Like I said, Ethereum is just another crypto that this ATM allows you to buy. 05:46.700 --> 05:52.580 So I'm going to tap the screen to start and I'm going to choose Bitcoin because I want to buy Bitcoin 05:52.580 --> 05:57.080 and I'm going to choose buy because I want to buy, not sell. 05:57.260 --> 06:05.450 And I'm going to select the first option on the left to buy up to €250 because I only want to buy €20 06:05.450 --> 06:07.220 worth of bitcoins. 06:09.390 --> 06:13.680 Now it's asking me to provide the address of my wallet. 06:13.710 --> 06:19.800 Like I said, to do this, we're going to use the QR code of the legacy wallet that we created. 06:20.220 --> 06:25.950 As you can see, I already have a picture of it here on another phone and all I have to do is just kind 06:25.950 --> 06:26.970 it in here. 06:27.000 --> 06:29.040 So it scanned the code properly. 06:29.040 --> 06:31.950 If the code was not scanned, it will show you an error. 06:32.070 --> 06:38.040 And now it's telling me that I should put the cash money that I want to exchange for bitcoins. 06:38.490 --> 06:43.290 So again, you can see the LED light on the top, right, for where you should put the money. 06:43.440 --> 06:49.470 I'm going to put my 20 year note in here and as you can see on screen is telling me that it detected 06:49.470 --> 06:57.560 €20 and that will be exchanged for 0.0015 for four bitcoins. 06:57.570 --> 07:06.210 So in our wallet, our wallet in micro bitcoins, this will be equal to 1.544 micro bitcoins. 07:06.360 --> 07:07.430 That's fine. 07:07.440 --> 07:10.860 We're going to click on the green button to buy the bitcoins. 07:11.980 --> 07:12.700 And perfect. 07:12.700 --> 07:13.180 That's it. 07:13.180 --> 07:17.290 As you can see, it's telling us that the transaction is complete. 07:18.100 --> 07:23.200 You can click on send the receipt to receive a receipt, but this will ask you for a phone number or 07:23.200 --> 07:26.000 an email to to receive a copy of the receipt. 07:26.020 --> 07:31.510 So you might not want to provide that if you want to stay as private and anonymous as possible. 07:32.110 --> 07:33.020 And that's it. 07:33.040 --> 07:38.590 Now you want to give it a few minutes and the money should appear in your Bitcoin wallet. 07:40.010 --> 07:46.670 And as you can see in here, I'm in my John Wick legacy wallet, the one with the legacy address. 07:46.670 --> 07:51.160 And as you can see in the history, we can see that we got a transaction. 07:51.170 --> 07:52.130 It's a plus on here. 07:52.130 --> 07:55.910 So that means money went into the wallet, not outside of the wallet. 07:55.910 --> 08:01.070 And the amount of it is 1.54 for micro Bitcoin. 08:01.070 --> 08:07.520 So again, at the balance in here, it's 1.54 for micro bitcoin, not Bitcoin. 08:07.880 --> 08:13.340 And obviously the final balance because we had zero, again, it's 1.544. 08:13.340 --> 08:20.960 So now we can actually use this wallet to send money to other addresses to other sellers and so on. 08:21.230 --> 08:28.340 You can even use this tab in here to send money to our other wallet, to the wallet that uses the SegWit, 08:28.370 --> 08:30.290 not the legacy address.