{"id":62719,"date":"2021-11-08T00:00:00","date_gmt":"2021-11-08T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/62719\/bitcoin-atms-spotted-in-hamra-and-dawra"},"modified":"2023-08-30T04:10:02","modified_gmt":"2023-08-30T04:10:02","slug":"bitcoin-atms-spotted-in-hamra-and-dawra","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/62719\/bitcoin-atms-spotted-in-hamra-and-dawra\/","title":{"rendered":"Bitcoin ATMs Spotted In Hamra and Dawra"},"content":{"rendered":"As Lebanon&#8217;s economic situation continues to take a dive, there have been reports that some have been <a href=\"https:\/\/www.reuters.com\/article\/lebanon-crypto-currency-youth-idUSL8N2QH1MW\" target=\"_new\" rel=\"noopener\">resorting to investing in cryptocurrency<\/a> as a means to stash savings in non-banking institutions. Just this week, a Bitcoin ATM was spotted in Hamra, and another in Dawra, giving Lebanese people more access to digital currencies. <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">First Bitcoin ATM in Hamra, Beirut -Lebanon <a href=\"https:\/\/twitter.com\/marco_bdl?ref_src=twsrc%5Etfw\">@marco_bdl<\/a> <a href=\"https:\/\/twitter.com\/BitcoinduLiban?ref_src=twsrc%5Etfw\">@BitcoinduLiban<\/a> <a href=\"https:\/\/twitter.com\/saifedean?ref_src=twsrc%5Etfw\">@saifedean<\/a> <a href=\"https:\/\/t.co\/xaV5CrDhAj\">pic.twitter.com\/xaV5CrDhAj<\/a><\/p>\u2014 Mohamad  (@technolaaji) <a href=\"https:\/\/twitter.com\/technolaaji\/status\/1456924281582112768?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>  These ATMs offer buying Bitcoin and other cryptocurrencies directly at ATMs using cash (US Dollars), they currently only offer Bitcoin (BTC) and Tether (USDT) but are looking to expand their offerings to Ether (ETH) and other smaller coins. As for fees, BitBeirut Bitcoin ATMs charge 5.5% over the spot price for BTC and as little as 1% for USDT. <br \/>  <br \/>  Basically, you deposit cash USD into this machine, and you get BTC and USDT put in your digital wallet in exchange. As far as we know, the machine does not allow investors to cash their crypto out as USD thus far. <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ATMs taking over Beirut <a href=\"https:\/\/t.co\/wcuq0qDI2Q\">pic.twitter.com\/wcuq0qDI2Q<\/a><\/p>\u2014 (@0xJCT) <a href=\"https:\/\/twitter.com\/0xJCT\/status\/1434107910515314692?ref_src=twsrc%5Etfw\">September 4, 2021<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>  The use of Bitcoin and other cryptocurrencies is becoming increasingly widespread, as they have pushed further into the mainstream over the past few years. They have also managed to turn a few lucky early investors into millionaires and billionaires a few times over. The company distributing the ATMs around Lebanon, <a href=\"https:\/\/bitbeirut.com\/location\/\" target=\"_new\" rel=\"noopener\">BitBeirut<\/a> is set to expand to several locations across the country.<br \/>  <br \/>  <B>Locations:<\/b><br \/>  <br \/>  The Hamra ATM is located at Ugarit currency exchange shop near LC Waikiki on Hamra&#8217;s Main Street.<br \/>  <br \/>  The Dawra ATM is located in Cash Plus, Dawra. <br \/>  <br \/>  Naturally, Twitter had a few things to say concerning the new installations:<br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Big win for Lebanon <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/mbRuD0FX87\">https:\/\/t.co\/mbRuD0FX87<\/a><\/p>\u2014 Bitcoin News Report  (@Sirdhamzy) <a href=\"https:\/\/twitter.com\/Sirdhamzy\/status\/1457003199500541959?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">An important step in the right direction. The plebs of <a href=\"https:\/\/twitter.com\/hashtag\/Lebanon?src=hash&#038;ref_src=twsrc%5Etfw\">#Lebanon<\/a> are charting a path out of this mayhem. <a href=\"https:\/\/t.co\/FU8H5Gfbcb\">https:\/\/t.co\/FU8H5Gfbcb<\/a><\/p>\u2014 Bassam El Khoury (@bassam_ek) <a href=\"https:\/\/twitter.com\/bassam_ek\/status\/1456963282217099265?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Probably best time to put out these machine! <a href=\"https:\/\/t.co\/rfDf8BcPju\">https:\/\/t.co\/rfDf8BcPju<\/a><\/p>\u2014 WealthSquad MONEY-BOY X (@MB_3213) <a href=\"https:\/\/twitter.com\/MB_3213\/status\/1456960874799714311?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Inshallah a new era <a href=\"https:\/\/t.co\/astLEKenBY\">https:\/\/t.co\/astLEKenBY<\/a><\/p>\u2014 Sanicrete Hater Account (@OtsutsukiXBT) <a href=\"https:\/\/twitter.com\/OtsutsukiXBT\/status\/1456953907436048390?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>  The cryptocurrency market is a volatile one that can create both huge gains and massive losses, it is advisable that you only invest what you are comfortable using. ","protected":false},"excerpt":{"rendered":"<p>As Lebanon&#8217;s economic situation continues to take a dive, there have been reports that some have been resorting to investing in cryptocurrency as a means to stash savings in non-banking institutions.<\/p>\n","protected":false},"author":0,"featured_media":430253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ai_generated_summary":"","_preview_accessed":0,"footnotes":""},"tags":[],"media-embed-type":[],"class_list":["post-62719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"authorship":[17],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin ATMs Spotted In Hamra and Dawra<\/title>\n<meta name=\"description\" content=\"As Lebanon&#039;s economic situation continues to take a dive, there have 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