Bitcoin Forum

I heard there was a spike in 2014/2015, haven't heard much about it in the news recently.

If you mean bitcoin ATMs I think yes, they are becoming more popular and more are being created, at least I tend to see news from new bitcoin ATMs. There is a website where you can check the bitcoin ATMs in the world and you can even do a ranking by countries https://coinatmradar.com/ (https://coinatmradar.com/)

The ATH prior to what we have right now happened on Nov 2013, and what do you mean by cash machines? Bitcoin ATMs or do you use it figuratively to describe bitcoins? Because id you're talking about the latter, what happened is FOMO; people simultaneously throwing money in hopes of getting it big.

I know that thay are at almost any corner in Vietnamise cities,vietnamise much more prefer to send money with btc than fiat,than thay go to money machine and cash out.Money machines of one Spanish bank are integrated btc,you can withdraw with euro fee is only 1% same service is available in Romenia and Lithuania

Yes indeed, there was many new BTC cash machines created in 2014 and 2015, but we are talking about past now.
From that time, there are still new being created, and we can see more of them showing up in the public places.
It still depends in which country and city you are, but I think that there should be at least one bitcoin ATM in your region.

But to be honest, im not using such a service because maybe it is comfortable but i need pay a fee even up to 7-8%.
That is why I just prefer to sell my BTC on some kind of exchange, where I get bank transfer on my account. The commision is greatly lower.

ya it is true that withdrawing cash from bitcoin ATM machine are costlier then converting the bitcoin to fiat currency and using it, apart from that if i am not wrong only most of the Euro country are having the Bitcoin ATM  machines. So their is not such demand in 2016 or 2017.

The problem with some of these machines are the high fees they add to the whole process. Bitcoin was meant to be a alternative P2P payment

option over cash and with all these third party services adding fees to it.... it is getting prohibitively expensive and not suitable as a alternative

anymore. The scaling problems and the constant spam attacks are not helping at all...  >:( >:(

i didn't see it will became more popular in my country and most of the bitcoiners is not interested using it because they says it the fees for each transactions was pretty high rather than convert into local exchange

Mo' poppylar?  I ain't never seen one yet!  Where they at?

There are a few in my city. The fees are obviously higher, but I think when people need it urgently they don't mind a few percent more than market.

I'm not sure sure that Bitcoin ATM's becoming more popular. Maybe in countries where many people using bitcoins these machines are popular. But in whole my country there are only one Bitcoin ATM. Main problem that Bitcoin ATM's charging to big fees.
But I can say that Bitcoin debit cards is really getting popular.

Can you name that service, I'm interested to try it.

In Switzerland there's a massive amount of Bitcoin ATM's that you can find everywhere. Literally on every single train underground stop there's machines with nice screens to trade BTC at:

https://bravenewcoin.com/news/largest-swiss-railway-company-turns-1000-ticket-machines-into-bitcoin-atms/

This will only keep going up as Switzerland becomes a Bitcoin haven. As the banks end their possibility to be private for customers, Bitcoin will be the next level.

I think they becoming more popular, at least in my country. I see that more and more ATMs are opening. At the first there were just two in the capital and now there are couple of them in other cities too. ATMs are convenient and easy to use, anonimous too, and that is why people like to use them.

Here in my country only 1 ATM machine here and waiting for more atm we be launch in the future like other said switzerland has many bitcoin atm machine so bitcoin is growing in their place.. we know people  will always curious if they seen there are new like bitcoin machine that can push the value increase . if more banks trusting bitcoin there are possibility that more bitcoin will be launch someday..

Bitcoin ATMs are a godsend to their owners.

They can get hundreds of people wandering by a cafe or wherever they put it and half of them will think "oh, Bitcoin, I've heard a bit about that, how can I be super alternative and cool by buying it?"

Then they put shitloads of effort into figuring out what wallets to use and how it works just to end up with Coinbase, and they buy some Bitcoin from the ATM with a fee of 10% or something.  Boom, the ATM is rich because of people doing some gimmick instead of a reputable exchange or service.  Bitcoin is rooted online and Bitcoin ATMs are pretty dumb since you're transferring between actual currencies instead of different forms of the same currency.

I do think so. I have found more and more bitcoin machine in my countries and other countries, Bitcoin will soon be used by everyone and people will pay attention to what is going on their street. 

bitcoin has gotta be great if you live in one of them shit countries where you can't trust your local currency or get ahold of precious metals.    Freedom from corrupt government officials unless they kick down your door and shoot you, that is. :p  North Korea, anyone?

Of course now there are many countries where Bitcoin is banned, but it may not be so cardinally that a person is shot near an ATM. And whether you have such things happen in North Korea, then I would not be surprised. Although there is information that some countries have introduced criminal liability for currency transactions with crypto currency.

Last time I checked, there were 4 bitcoin atm's in my city, maybe more now, idk. I've seen two of them. They were both two way, meaning you can buy or sell bitcoins. The thing is though, as a poster mentioned above, the rates are less favorable for the user. It cost more fiat to buy bitcoin and you get less fiat in return if you sell bitcoins.

It seems these machines are also franchised - at least the one machine I tried to use just to try it out. The one I tried to use wasn't working so I called the number and it was some local guy who said he was the owner of it. We got to talking over the phone and I asked him stuff about the bitcoin atm. The guy said he bought the machine from the company that made it (I don't remember the name) and that he can set the rates at whatever he wants. I don't remember if there was an extra fee as well on top, there may have been.

Since it wasn't working, he offered to drive over since he was just 15 minutes away to do a trade in person if I wanted to at the same rate. I declined, explaining that the only reason for me trying to use his btc atm machine was to just try it.

With so many more convenient and cheaper ways to buy/sell bitcoin, the only way I see btc atms as becoming more popular is if the rates were more comparable to those other methods.

I personally haven't been seeing a lot of them, but I'm in Western Canada/West USA so there isn't a ton of demand for stuff like this. I know of one or two of them that exist, but not a lot more beyond that and I think there's maybe 5 or 6 in the places that I go to regularly, across two countries.

As for there being no news, it's probably because business is going on as usual. Nothing exciting about the same mundane content.

I can't really see it being a thing that'll ever explode. Their fees are usually too high, some of them have ludicrous AML requirements, and presumably once you've used one and gotten into Bitcoin you find cheaper options.

Atm machine is a great way to cash out your coin unfortunately the fee is too high, so if not really urgent people not going to used it and also the rate is not too good, plus it is hard to find in my city, so atm machne is not really popular among active bitcoin users

I have seen very few bitcoin atms in smaller towns. Probably larger cities are having them. More foot traffic. I thinfk most people do localbitcoins in my area.

I dont really think that bitcoin cash machines are becoming more popular because there is no sight that people in my country are using those machines. They think that those machines are useless and they rather make transaction on the internet insteads

It is definitely growing but the fees are ridiculous. That sector needs more competition to bring down the prices.

This site will track deployment and trends of bitcoin cash machines. its growing.

https://coinatmradar.com/

Bitcoin ATM’s may have the potential to have a bigger audience within the near future because there is not much places where people can spend their Bitcoins after they have earned them from doing some work online. It also seems like Bitcoin ATM’s are harder to hack when compared against regular cash machines.

Yes on average 2-3 new machines are becoming operational globally on a daily basis, with nearly 1200 machines the speed is picking up though, but it will take some time to see more.
https://coinatmradar.com/

Their biggest benefit really is ease of use as it is as easy as going there putting in cash and receiving or selling Bitcoins without the exchange delays.

Now the development of ATM machines are at the level of developed countries. While in developing countries it is still hard to find. Imagine 1 country has only 2 to 3 ATM machines. This is a very absent number, maybe only lucky people who have the opportunity to use ATM bitcoin.

They do need local operators someone needs to do the online tracking for the machines and empty the cashbox otherwise the machine would never be operational so it's in part those who can afford to run the machines and are also located in a place where they can get demand for it. Not including other issues like location contracts with vendors/supplying the machines/ negotiation on rent prices for a location, accounting and legal etc. 2-3 a day is not bad when that is all considered.

That was probably their peak, there hasn't exactly been any growth around me and most of the time it looks like they're just there from either a time long gone or they are used occasionally, but not very commonly. I personally don't use them mostly because of the huge spot price that they put on it as opposed to what Bitcoin is actually trading for, but if they brought it down to within $10 then I would consider using them more.

yeah it's growing , but on the same place and same country. i can't see there's a significant changes on how a new country installed their first bitcoin ATM or something. everything looks have a slower growth . people really not yet love to accept a new thing in their lives as a part of better changes for the future.

If people trust Bitcoin the ATM will go the way of Betamax as will fiat paper.  :D

Most of them are located in Europe, USA and Canada. Interestingly, there are only a few of them in Asia and China. This is so interesting.

In my country they have only 1 ATM machine . You can buy and sell bitcoin anytime you want but I dont think it is become popular why because the transaction fee is very big the buy and sell the price is not near I think the between $150 is the fee . For example the price of bitcoin is $1800 there you can buy this @1850 dollars and then you sell it $1700 thats very big amount. So I can choose local exchange the fee is good . But if ATM bitcoin machine will less their transaction fee I think many user will use their ATM and they will become popular .

You will not see the significant changes, Too many people have realized about a high fee through using the ATM machine. That makes the spread of the machines being so low in my mind.

It's not a new thing but it must get determined by a lot of the factors. Don't judge them like they are the old person with lack of interest in the new technology.

I don't want to pay some dollar just to make a transaction through ATM.

I have not yet seen a single one in my country, but I am aware that here in Mexico, with a population of 120 millions there are only about five bitcoin ATM machines. So I think that in my country they are not yet so popular.

Yes it's popular in my country there bitcoin machine to cash out your bitcoin to cash...

They are already enough in those places where the users of bitcoin are in more number and when in other places anyone will demand and the crowd will be more then they will also be provided with that facilities. Nowadays many people are using their bitcoin debit cards through which they can easily withdraw their bitcoin from other normal ATMs so I think that is why it is not problem for them and they do not claim much about it.

Exactly because of the high transaction fee bitcoin users become disappointed. But yes its true that bitcoin now is popular. It just going to be more popular if the problem in the transaction fee will be solve as soon as possible.

...

The BTC ATMs (BTMs) are convenient once you have gone through the AML/KYC process.  But the fees are high (the ones in the USA I have used vary between 12% - 18% fee buying them, I have not sold via BTM).

But, in my city, it is a HASSLE setting up meetings via localbitcoins.con (making an appointment OK with both, driving over & parking, paying whatever fee the SELLER asks for, etc.).

I used Circle for a while before they made using it a pain in the ass, but their fee was very low (a little over 1%).

bitcoin.com offers a service, the total fee is about 7.5% and has worked OK.

HIGH FEES are the problem for me, when in the USA.  But remember, the owners of the machines have to collect the money (each day?) as well as maintain them, pay rent to the store owners, etc.

Obviously it is more popular specially when you are a bitcoin holder or a bitcoin users you would probably pick bitcoin more than cash but still atm cash machines is still what more people use in this days bitcoin cash machine is becoming popular but still need more partnerships in many companies you cant even go shopping with bitcoin hopefully it will be in the future.

Hoping for it to happen in our country though there are more banks that are used in cashing out bitcoin but there are few bitcoin atm in our country it can only spot in one or two city which is too far ,so I still used banks .

On localbitocins.com you dont have to meet face to face. I never have. Got their bank, make a cash deposit, send them the receipt and they release the BTC. Easy as going to the convenience stoe.

I have not seen any bitcoin atms in my area or in my travels. I don't hear anyone talk about them.

The good thing is that I have gotten some of my family and friends into Bitcoin. After awhile I am sure they will get others in too.

i mean when there's a new place/a new country start build the ATM or when on a city build 2 or more ATM at once it was a significant changes. the growth could be accelerated , and the high fee could be adjusted to more reasonable. of course when you move from fiat ATM to bitcoin ATM , isn't it a new thing? especially for a newcomer right?

Well we don't hear about them that much but at least I know of them and have sighted one in Dubai, it will serve our good if it's on the rise in our cities but I doubt if it's getting any popular because we don't get to hear about them outside this forum.

Ouch in Canada most of them are at 8% but 12-18% now that is milking the American market, if you were near the border it might be tempting to cross and use Canadian machines.

And localbitcoins I agree is a hit and miss it depends on who your dealing with and their rates.

By the looks of it the consolidation is occurring in the US at those high rates though so lack of competition may be a factor or more regulation costs to operate in your state etc.
https://coinatmradar.com/blog/bitcoin-atm-market-concentration/

I don't really tried it but they say that there is a BTC ATM in the Philippines,
But since our local wallet already have some banks that we could use to withdraw our bitcoin into cash.

THAT is an excellent article (highlighted) on BTC ATM ("BTM") concentration.  In my city, there is a local company with perhaps the largest share of installed machines, but Athena has entered the market.

So far I have NOT noticed any drop in BTM fees (I pay around 14%, ouch!  But it's convenient).  If the fees DO NOT come down, that would tend to reinforce the notion I have read that BTMs are expensive to operate (I could certainly believe that).

I am traveling so do not recall the brand of the BTMs.  But the machines are working better now, I guess that they have worked out the kinks.

Ofc, because BTC becomes more and more popular)!

...

We are traveling now, and I hope to drop by a BTM in they city where we just arrived.  Finally I will have some time to so something like this.  I hope that they do not require local ID (I am American).  I will not spend much...

Or perhaps work out a deal with a helpful local for $5, LOL.

Yes, it's always becoming more popular, but not so fast, the popularity of these machines grow very slowly yet.

The countries with most Bitcoin users are the third world countries where this kind of machines are hardly found. For most Bitcoin enthusiasts it's still worthless on their daily life.

It should not be asked again if there is a bitcoin atm machine will be very good let alone exist in all countries will be very profitable for bitcoin players so wait let alone design from now on.

I actually just found a bitcoin atm at our local mall. Drove me to google research and here I am today. Bitcoin to the moon!  :D

although there is only few ATM machine that we can found, I am sure in future we can see many places in big country will have more bitcoin ATM but we need to be patience first. I think it will become more popular when many people is joining into bitcoin and I am sure, in future people needs bitcoin ATM too like ATM cash money. it will make us easy to make transaction if we want to buy or sell bitcoin if we can found ATM machine in everywhere.

I hear the news of ATM in my country growing every year. Bitcoin ATM machines are becoming popular in my country. Easy transactions and low fees. So many people use this atm. For transaction and widraw to fiat money. I think it will become more popular again in the future. If we see the development of bitcoin very rapidly and most people invest in it. I hope the bitcoin atm machine is getting more and more popular

This js the reality that in the starting when we got the system of tue banking then we were limited to get our money from the same bank from where we got the account but time to time we get the fascility to cash out our money from the atm Booth which is not a small achievement .
Here bitcoin is in the starting and it is limited to few people but i am sure like the banking sector it will have the features to withdraw the money from the debit card or ATM card directly .
Since already in few countries it is available to use , about 3 yeard ago when i searched about it then I found the topic of this bitcoin atm matchine in a country ( i didn't remembered more now but soon every country will have bitcoin ATM machine )

You have no clue what you're talking about.
First thing first. It's Romania not Romenia.

Second there is no such service anywhere in Spain. The only atm's I've seen around are having some huge fees (5-8%) and they are not linked to any bank.

Again, unlike you want to be labeled as a troll.
What;s the name of the bank and the service?

The high fees are the problems for ATMs.
I know of one machine in my area, and that got closed because nobody used it.
Paying five, sometimes even ten percent more than you would pay if you bought your coins somewhere on the internet, that is something many people drives away.
So to me it is at least questionable if the ATM service will be able to survive.

Besides: Bitcoin Cash is a new crypto currency.
I do not think machines for them will ever be built.

Bitcoin cash machines? Did you mean bitcoin ATMs? If yes, I think they are yet to become popular. In my country, few people have knowledge about bitcoins. Those who are do are mostly those who are into ponzi schemes or HYIPs. The govt. is yet to pass any law on bitcoin. Bitcoin atms might become popular in other countries but in my country.....nah!

can any Yes. bitcoin cash is the son of bitcoin. I think, Bitcoin Cash Machine will popular like Bitcoin Core. Because usually "fruit fall not far from the tree". haha we just look at a later. Bitcoin Cash Machine vs Bitcoin Core Machine, it's very interisting.

If you're talking about bitcoin atm machines, then yes, they're definitely getting more popular. Due to the increased exposure of bitcoin to the mainstream and its increased popularity, bitcoin atms will probably increase as well.

I really doubt whether these machines are becoming more popular. A few years back, there were 4-5 machines in my country. But most of them closed down after less than one year in operation. Right now there are just 2 Bitcoin ATMs, and I heard that they are also about to wind up the operations. The high fees was one of the reasons why people stayed away from them.

Are you referring to some news in which some companies are planning to distribute ATM machines which accept and disburse Bitcoin? I heard that in some parts of Europe there are already some of these machines and there are plans for more. This is a big promotion for Bitcoin because ATMs can be really so accessible and convenient for all people to try.

when the first bitcoin atm in my country it's was very popular but gradually began to decrease due to high fee. it's from what I heard because I myself have never used bitcoin atm.

They just started using Ether cash machines in Toronto, Canada!! https://motherboard.vice.com/en_us/article/7xxbwz/toronto-just-got-its-first-ethereum-atms

The writer is not super optimistic on it but it is maybe demonstrating some more mainstream acceptance

You are trying to tell me there are ATMs that dispense Bitcoin Cash?

I have a hard time believing that considering how new it is and the fact we don't know how long it will stay.

Look, there are a small group of people who want it and that is the only reason it is still alive.

Nice try by the Ether supporters to end their dependence on Bitcoin. But I really doubt how much successful they will be. Right now Ethereum doesn't have much mainstream media coverage and is is known only among the crypto-community. The institutional investors have shown very little interest in any of the altcoins (including Ethereum).

The bitcoin cash machines like atm is becoming popular because of the ease to buy and sell bitcoin and it is also a time saver because the person who want to buy bitcoin doesn't need to buy from online and create his own account which is time consuming so he can now use bitcoin cash machines to just buy and sell bitcoin without going online or using computer.

Still haven't heard much about bitcoin cash machines in our country so I doubt it is becoming more popular yet, I'm not sure with other countries though that accepts bitcoin or are supporting bitcoin if it is popular in their country.

It is very funny to see this kind of very optimistic topic for bitcoin cash while the coin itself is struggling on dumping it's price now and unstable network opposite on what they are promised that they can solve scaling issue. BCH ATM machine will be possible once BCH price is stable, No one will risk to invest on BCH business if there is no too much holders oh that coin. ;D

I do not thinkg that bitcoin cash machines are becoming more popular. In my city, there has been 1 Bitcoin machine for 2 years and I have not seen any new machine coming around to my town. From my point of view, BTM is uncomfortable and you have to wait for a long time in order for your transaction to be confirmed so that you can withdraw your cash.

Yes, bitcoin cash machines are not getting that popular. Recently in Japan the use of Bitcoin Casino Machines have been more popular and in other countries in several area slowly these machines were getting removed. This is all because of the increased transaction fee and increasing usage of exchanges.

Yes bitcoins is more more popular today, due to the price of bitcoins is so expensive and many people who had invested in bitcoins
it will be automaticly many expand business with bitcoins include bitcoins ATM machines, bitcoins ATM machines will become popular in the future and it will not be easy needs much time for it to be more popular and be used by all of the people due to bitcoins its self still doesn't popular on around the world.

I couldn't find any Bitcoin ATM in my region, unfortunately. But I heard about places where there is plenty of them. It's just like awareness about Bitcoins - spread disproportionately around the world

The global bitcoin Atms has doubled compared to last yesr but still there are countries without bitcoin Atms. The machine helps to buy and sell bitcoin in the community. As the users increases Atm  will also be increased. America and North American countries has more number of Atms.

we only got 1 bitcoin machine in our country but i dont think if that really exist. i dont have a chance to see it so i dont really know if there is really a bitcoin machine. but as i have read before the number of bitcoin machine around the world doubled by the year 2017 so i guess the answer is yes, it becomes more popular than before.

Same is the case here in my country. I have not come across even a single BTC ATMs, not yet. But that affects me in the least. I still invest in bitcoins and prefer to perform all my action using my mobile. I really do not want to go to ATMs in order to perform small transactions. It would give me the feel as I am dealing with fiat.

well seems like its getting popular on some countries but unfortunately not on mine. i heard a long time ago that there are already a few number of bitcoin atms here but sadly i

haven't heard any news about it because thats the last. if its getting better i'm sure i would have heard any news right? but i didn't heard/read a single one means its not well

received here. there are probably two reasons why. first is atms are known for charging too much fees of course that also applies on bitcoin. second, i'm sure they would have

some verifications

Not like in my country nowadays that BTC atm machine wasn't a reality for everybody, but I am still looking to it as positive in the future. One thing I only did is the better option for my wallet to cash out through affiliated bank of the wallet site, and good thing is it can be directly exchange to fiat currency using the bank's ATM cashless withdrawal. It really gave me a successful transactions as always with seldom traffic sometimes which we cannot prevent due to system errors, particularly it's understandable that bank was just a middleman between btc to fiat currency.

Yes, the Bitcoin ATMs are becoming very popular, but I hate to make use of it. I rather sell the amount of Bitcoin I need and have it transferred to my bank account, then I can withdraw/buy/sell through bank, than using a Bitcoin ATM.The ATM is very costly!

well of course they charge fees; atm's, wether they belong to an individual or bank, bitcoin or not, are not a free service. they exist as a convenient way to access funds for people and ultimately benefit the owner (if it were a fiat bank, running an atm is cheaper than having personnel handle withdrawals and deposits 24 / 7; bitcoin atm's will function as a exchange and sell bitcoin for cash at a higher price than they will buy it for).

I am still wondering what advantage it brings to people to use an atm.
I mean, if I want to buy or sell my coins, I can do that online from at home.
Or online from everywhere with my smartphone.
And these transactions have much lower fees than what you pay at an atm.
So what brings people to use such a machine?

convenience. unlike at an exchange, you don't need all this identity verification, 2fa, valid bank account, wait period for ach withdrawal, etc. you just walk up to one, send bitcoin or insert cash (big selling point of bitcoin atm's) and get what you need. the fee might not be justifiable for some people such as yourself, but other people think differently. personally, I wouldn't use one either.

The more we adopt these things the more readily available and accepted btc will become. I hope to use one, one day. They do have one in my city but on there other side I have no reason to visit. Still....If ever I am in that area I will use their btm and see what it is like.

Machine meas ATM or mining machine?

Seemly more miners starts to mine BCC when its difficulty decreased.