- So we just came up with this idea.
We're here at Chase right now taking care of some business.
I haven't seen anyone go out and buy a physical Bitcoin.
I know there's these Bitcoin ATMs that exist.
But, since Bitcoin's like what?
$17,000 at the time we're filming this video on a Monday.
I wanna actually go pick one up.
I've never actually owned a full Bitcoin,
and since it's $17,000, what I'm imagining in my head
is a Craigslist kinda deal.
I show up with 17 grand, I get a Bitcoin.
I know it's not physical, it's a digital currency.
And I'm off on my way.
There's a lot of other things I haven't thought about
in terms of how we're gonna get the money,
how we're gonna get the coin,
how we're not gonna get killed, and ultimately,
how we're not gonna lose money on the Bitcoin.
It's going up and down, it was at 13 grand yesterday.
Today, it's at 17.
Tomorrow, it could be $100,000.
Let's go get some money.
Right now, I'm on this app called Coinbase.
This is where you can buy and sell Bitcoins online
so you don't have to do what we're about to do.
The current price of Bitcoin is going for $17,000.
And this is just on the Coinbase app.
I'm gonna put up my Coinbase referral.
If you guys, I think, buy $100 worth of Bitcoin,
I get a little referral of $10.
I'll let you know in the description below
if you guys wanna check it out.
I'll put my Bitcoin address up here too.
Any of you guys know the Winklevoss twins.
I actually created Facebook.
No, I'm just playing.
What we're about to do is head over to the Chase booth
right over there and pull out $20,000 in cash.
The way this goes down is I'm imagining
someone's gonna want $17,000 for the Bitcoin.
That's what the price is going for now.
Then, probably want a little more than market value.
I guess that's how buying and selling works.
I'm hoping they'll just take it at street value,
and we can get this for 17 grand.
It's not looking likely.
But once we go over there and get that cash,
the hunt begins to find the coin.
Should we do 20s?
- [Matt] Hundreds.
- Okay, we're gonna do hundreds.
Alright, so we're at the Chase window right now,
low key, pretty scared.
It's been a minute since we pulled out this much cash.
Last time, it was to buy 30 iPhones
if you guys remember that.
This time, we're only buying one Bitcoin.
I wish I did this when Bitcoin was $1,000.
(quiet mood music)
So it's Tuesday, we still got the cash from Chase.
We haven't been robbed yet.
The current price of one Bitcoin is $17,797
so I think it's gone up since last night.
You can see the chart.
It's going all up and down across the board.
This thing could be at 20 grand
by the time we actually buy one.
What we're gonna do now is call some people on Craigslist
that are selling some Bitcoins.
Hopefully, this isn't as sketchy as it sounds.
It really sounds bad.
There used to be a site called Local Bitcoins
where you could meet up with people
and kinda facilitate transactions that way.
It, since then, doesn't seem to be a thing in California
so we are using Craigslist.
We got a few numbers, let's give them a call.
So we're calling the first number,
(phone ringing) see if they pick up.
Hi, I saw your listing on Craigslist
regarding selling a Bitcoin?
- [Caller] Yes sir.
- How many do you have?
- [Caller] I don't have any at the moment.
I'm sold out.
- Alright, thank you so much for your time.
I appreciate it, man.
Alright, let's try out another number I guess.
The hunt continues.
Hey, I saw your listing on Craiglist
about selling some Bitcoin?
- [Female Caller] Ummm, you mean you're gonna sell to me?
- No, I wanna buy Bitcoin from you.
You're selling to me.
- [Female Caller] No, you have the wrong number.
- Alright, well thanks so much.
- Uh-Huh. - Alright.
- This is so hard. This is so hard.
Hi, I saw your listing on Craigslist about selling Bitcoin,
and I'm just curious.
- [Bitcoin Doctor] Sure, well I charge ten percent.
Usually, the biggest issue is trust.
You're gonna have to send me the money first
Then, I'm gonna send you the Bitcoin.
- Alright, would you be willing
to meet up at a police station for security purposes?
- [Bitcoin Doctor] For me to sit in a police station
to accept $18,000 in cash and send you Bitcoin,
I think the cops are gonna have some questions.
- We can get them in on it too.
What's your name, by chance? Nice to m-
- [Bitcoin Doctor] I'm the Bitcoin Doctor.
Let me ask you a question. - Sure.
- [Bitcoin Doctor] Why are you buying from me
when you could just sign up and get a Coinbase account
and buy it there?
- Well that's the issue, so Coinbase doesn't have
enough supply for Bitcoin right now
and we have cash.
That's kind of our catch 22 right now.
And with Coinbase you have some limits,
and we're not able to purchase an entire Bitcoin
with our account status.
So that's why I'm coming to the Bitcoin Doctor.
- [Bitcoin Doctor] I mean I have an associate
that has the Bitcoin, we can do this.
- Market price we'll say is 18 grand right now,
plus ten percent, $1,800, so, hang on,
just doing some quick math here.
♪ Two plus two is four ♪
♪ Minus one that's three, quick maths ♪
- $18,800, or whatever the market rate is of Bitcoin.
I'll give you a call back in around 15 minutes, alright?
- [Bitcoin Doctor] Thank you.
- Alright, bye.
We got a hit, the Bitcoin Doctor
seems like he's coming through.
I'm kind of excited, I don't feel as sketched out
as I was going into all these calls.
He seems like he's willing to meet up at a police station.
Ten percent, I mean, should we have tried to negotiate that?
Or is it a little too late?
- [Matt] It's a little late now.
- Little late.
- [Voiceover] 15 minutes later.
- Playing hardball and gonna make me wait
til the last ring, aren't you?
Or straight up ghost?
I'mma give it one more ring.
- [Bitcoin Doctor] Hello?
- Hi, so, we made some calls
and here's what I'm willing to propose.
I'm willing to buy one Bitcoin at market value,
so let's just say $18,000.
And I'm willing to pay a 5% fee, we can fix that at $900
and we can come drive to you for convenience sake,
if you wanna just text us an address of a police station.
But that's currently the best we can do.
- [Bitcoin Doctor] Yeah that's not gonna work.
- Okay.
- [Bitcoin Doctor] Bitcoin is going insane.
- What would you counter at, in terms of a percent?
So I did some digging, there's a few other sellers
on Craigslist, I was looking at a few Bitcoin ATMs
locally around here, we do wanna buy one coin,
so I'm just trying to see what the best way
we can make this work is.
- [Bitcoin Doctor] Yeah I'm, I'm going to bow out
at this point, the market is just too overheated.
I have three very, very strong Bitcoin holders
and two of them just flat out said they're not gonna
release their Bitcoin because it could be
- No I totally understand that.
- [Bitcoin Doctor] I've got one guy,
he's actually on hold right now,
but it's ten percent or nothing.
- I will go ahead and let you know tomorrow
if we're still interested, but if not, it was great
speaking with you, Bitcoin Doctor.
- [Bitcoin Doctor] Hey, I'm always here.
- That literally sounded like a robot.
If this is what artificial intelligence is gonna be
in a year, I'm scared.
Do you guys take Bitcoin?
- Uh, we do not.
- One day, one day.
While we try to find some Bitcoin ATMs,
I wanna announce a quick Bitcoin giveaway.
So this year's been amazing, thank you guys so much
for all the support.
So I'm gonna be giving away $2,500 worth of Bitcoin
to ten lucky people, so each winner's gonna get
around $250 worth of Bitcoin.
All you have to do to enter this giveaway
is hit the link in the description below,
it's right at the top, basically you just need to make sure
(bell ringing) you're subscribed,
drop a like on this video, and make sure you're following
(belling ringing) on Twitter and Instagram,
it's popping over there.
And then just hit the link in the description below
for the full rules.
If you guys don't have a Bitcoin account,
super easy to create one, get your wallet address
all set up.
This giveaway will be lasting for 96 hours
and I'll announce the winners on Instagram, Twitter,
and let you guys know in the YouTube comments too.
Let's hope some Bitcoin ATMs don't scare us.
So while we're waiting for the Doctor to lower his prices,
I went online and I found that there's a local Bitcoin ATM,
I'm sure you guys have heard about this.
They kinda have high fees,
but it's at this random liquor store, so let's come on in.
Or let's go on in, and see if we can score some coins.
(laughing)
- [Matt] Don't expose the name.
The name, dude, the name is so good.
- It's the BitcoinPlug.
They even have Litecoin on here.
I got my wallet right here, so here's my address
if you guys wanna send me any Bitcoin,
that'd be bomb, seriously hook it up.
Someone's gotta have like one Bitcoin they wanna
sosh a boy.
So we're gonna scan this on the machine.
You see the wallet address is recognized.
So inserted cash so far is zero,
which equals zero mega BTC.
One mini BTC, right, right Matt?
- [Matt] mBTC?
- Yeah one mMTC is going for $24.10,
so one Bitcoin, from this machine if we picked it up,
would be $24,100.
The current price of Bitcoin on Coinbase right now
is going for $17,854.
They're making a lot of bread,
that's the wallet I'm using, it was a good pun there,
they're making a lot of bread just off this machine.
Let's just try it out, I wanna see what it's about.
Gonna put a little cash in here.
Gonna give it 40 bucks.
Just wanna see how this goes down.
You guys wanna try out your own Bitcoin ATM,
this is kinda what the process looks like.
So 20 bucks in, and it calculates how much mBTC.
That's a pretty hefty fee, like, that is a pretty hefty fee.
Alright so we're just gonna hit buy Bitcoins,
and just like that, wow that was really easy.
And we just bought $40 worth of coin.
So basically when you buy Bitcoin from a machine,
they're pretty much charging double.
I put $40 in, and the value I got was $20.
I literally just lost $20 'cause I put it in an ATM.
What's interesting is though, they have a few alt coins.
So they BCH, and they have Litecoin.
They're charging $472 for Litecoin,
but the current price of Litecoin is going for 350 bucks.
Not a bad way to go.
Basically what went down in there
is the guy that's running the store pretty much
just watched me waste $20 into a machine.
It just (eating noise) ate it right up.
Bitcoin ATMs are cool, we're gonna go check out
a few others, see if we get some better fees.
Or else we're gonna be
calling up the Doctor. (cow mooing)
- [Matt] Was that a moo? (laughing)
- I thought that was a moo.
So we just showed up to another liquor store,
this one also has a Bitcoin ATM, but it's looking
a little more promising and we can probably,
maybe avoid the Doctor.
I don't wanna pay that ten percent.
So it looks like this ATM wants to charge us
18,263 bucks, at least that what they're marking it up.
The current price of Bitcoin is 17,566 buck.
Let's start and see what's good.
I'd love to avoid the Doctor, at this point
I wanna avoid the Doctor.
Okay so, there actually is a limit on this,
we can only spend ten grand once the ID is verified.
I know I'm like "Only spend ten grand."
Let's just see what 40 bucks will get us.
Buy Bitcoins. Do you have a Bitcoin wallet?
Of course I do. (laughing)
It's gonna take a picture of me, what's good.
Same Bitcoin wallet, please send me some money,
would be great.
Gonna need it after all these fees.
So 50 bucks, we get .00273619 Bitcoin.
Bitcoin's already been received in my wallet.
Print receipt.
Still feel like we got scammed.
We got $20. - $20.
- After putting 50 in the machine.
Yo dude, I'm not gonna do these ATMs anymore,
like we need to call up the Doctor.
I'm starting to feel pretty awful about these Bitcoin ATMs.
I mean, I know they gotta make some money but I put in
$50, more than the last machine, and I got less money
than what the last machine gave me.
That's legit.
Let's hope this guy's not a doctor.
(phone ringing)
What if he's like Nurse Bitcoin?
- [Seller] Hello?
- Hey how are you? Calling about the Bitcoin?
- [Seller] Yeah so what do you need, I mean I can
pretty much fill any order.
- So we're just looking to get one Bitcoin right now,
we have cash with us so what are you looking for
on top of it?
I guess that's just the better question
so we can cut to the chase.
- [Seller] Why don't you guys just buy
through like Coinbase or something?
- So the reason why we can't buy through Coinbase
is we have a $15,000 limit
and we wanna get one whole Bitcoin.
It's just for a project we're working on,
that's kinda why we're doing the Craigslist route.
- [Seller] Yeah, I typically charge five percent over spot,
a lot of guys charge ten but just five percent's fine.
- That'd be perfect. We have cash,
but to make both of us feel a little more secure,
since this is kind of like a higher transaction,
could we meet at a police station inside?
I know it sounds a little different but,
you know I just wanna make sure we both feel comfortable.
'Cause this is a lot of cash here, and this is a Bitcoin.
- [Seller] Uh, we could meet at a bank?
- Just to be totally honest here, I don't know how secure
a bank lobbies is, and I mean,
banks are pretty much closed after six.
Normally I would say Starbucks, but we're dealing with
a high-profile currency, so.
- [Seller] I mean, ugh, I've done bigger deals,
just uh, I mean, since we wouldn't do it tonight anyway
let's just talk about it tomorrow.
- Alright yeah is there any way you could do it tonight?
Or would you wanna do it in the morning?
- [Seller] Uh, yep I can't do it tonight, I've got dinner
and stuff so it'll most likely be tomorrow.
- Alright we'll let you know then, alright?
- [Seller] Alright, sounds good.
- Thanks man, alright bye.
So, pretty much, he wants to do it like at a Starbucks.
No one's really down to do it at a police station.
But I'm not gonna lie, this will not be happening
at a Starbucks.
We're at the Wells Fargo bank about to buy one Bitcoin.
Hopefully not get stabbed or robbed.
I'd rather get robbed than stabbed, I think.
But at this price, maybe a stabbing's alright.
Alright so I think this is the guy, here we go.
Hey are you the guy selling the Bitcoin?
- Hey how you doing man?
- Thought I was gonna get stabbed,
we're already coming out on top.
- I've got a form here that is basically a bill of sale.
We'll get this bill of sale, we'll transfer, legally,
my Bitcoin to you.
- Obviously since this is like, what,
$16,500 or so right now? I mean what's the price?
- [Seller] $16,517.
- [Keaton] Okay, that's what we'll mark it at.
- [Seller] And so you guys made out better
buying this morning than last night.
- I guess so. - $1,000 difference man.
- [Keaton] This is the juicy part.
- [Seller] Oh and do you have the cash?
- [Keaton] Yeah, oh yeah of course.
(laughing) Of course.
- [Seller] I'll just run it through the bank.
Basically we'll go here, BTC Wallet.
Send.
One Bitcoin, send,
and then you can just press that,
and you can scan it for yourself.
- [Keaton] Oh there we go, buying one Bitcoin.
- [Seller] And if you'd like to put notes
or something like that.
- [Keaton] Thanks.
- [Seller] Sent, okay.
There you go. - There we go.
We just got a Bitcoin. Let's walk, let's walk.
He was so chill, we didn't even get charged
a five percent fee.
- [Matt] Yeah no literally.
I'm really shocked. - Literally we got a Bitcoin
for cash value.
That's customer service you can't beat, baby.
So it's exactly nine hours later,
the Bitcoin finally cleared in the wallet.
So as you guys can see, we didn't get a full Bitcoin
and that's because the miners, they take a fee,
that's just how Bitcoin and Blockchain work.
So in our wallet right now, and this is just because
of some of the other transactions we did with the ATMs,
we technically have a full Bitcoin,
or 1,000 milli BTC.
That makes sense, you guys.
You guys know exactly what's going on here.
So this is what you have to do if you wanna go ahead
and buy a Bitcoin locally.
You can go ahead and use Coinbase
but what's kind of interesting is,
with this being a decentralized currency,
there are so many hurdles to jump over
just to get a full Bitcoin.
If you wanna get a smaller amount, it's a little easier,
but to get one full Bitcoin,
this is what you have to go through.
So I hope you guys enjoy this video.
Make sure you guys hit the link in the description below,
and you subscribe so you don't miss this giveaway,
it's gonna be awesome.
Thank you guys so much for everything this year.
That's gonna do it, make sure you guys get subscribed
with notifications turned on, if you're new,
and comment down below if you guys
are just joining the notif squad.
Follow us on the Insta story,
that's where all the behind-the-scenes happen
for this entire Bitcoin adventure
and I'll see you guys later.