Bitcoin Forum

It is very interesting how more and more is being invested in ATMs across Europe. I consider this to be a rather positive thing for the community and the currency as a whole.

https://medium.com/@coinstaker/ever-heard-of-bitcoin-atms-here-is-what-you-need-to-know-254d2d72cfb2

They are definitely spreading at a crazy rate compared to the past months. Sadly though, Germany is excluded and even though the potentials are huge, because of the regulations, ATMs cannot be added there.

This is another way to publicise bitcoin and cryptocurrency and providing ATM for those who might likely want to invest there bitcoin in AMT Services for the purposes of creating flexibility of withdraw bitcoin within their community. I do believe that this will be profitable as this is new venture and those that go into this ATM service provider will actually come out in profits.

This is actually a good news for the cryptocommunity. Its a good publicity for the cryptocurrencies and more people will start to embrace it. This will also cause a surge in its value.I dont know when this going to happen in middle east and other asian countries. Recently UAE and nepal banned the usage of bitcoins. Dont know why these countries are not very friendly with cryptocurrencies?

Sadly there is no such bitcoin ATM in my country but as someone who uses babk's onise services to exchange money, for me it's comfortable that I can exchange them on local or on any atm worldwide, all thing that bank does is that they automatically convert bitcoin in the currency you are willing to withdraw.
Also I have heared that their fees are very high, finally not so big deal to be fair but good for someone who has only bitcoin and wants to escape.

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Earlier this year I used BTC ATMs in Copenhagen and London while we were in Europe vacationing.  Neither required ID.  More BTC ATMs is clearly a great thing!

I found both via the useful website coinatmradar.com

I so much enjoy the amount of freedom enjoyed in that part of the world in the sense that even though government have not coke out boldly to take a position although their body language might give the go ahead but the amount of penetration and sitting of bitcoin ATMs without serious trouble is something to be commended in other places, I doubt if it will be that easy and part of the reason is because Visa and MasterCard services is still going on there.

The concern there will be the exchange rate and charges because a lot of this ATMs will be financed by individuals and companies whose ultimate motive is profit, maintenance of the machines, payment of levies will definitely make one buy at a premium and sell at a discount.

Luckily here in my country there is also an ATM but it's only 'AN' atm, only one. I can't enjoy the usage of it since I'm far from that ATM but I want one day to travel all around my country with the use of those ATM.

True!

I hope there is an bitcoin ATM in my country very soon.

I don't really understand if bitcoin ATM is profitable as business. Anybody has experience?

I think the same with you, how to overcome the problem of Bitcoin value fluctuations?
Bitcoin is unstable like gold and other currencies.

They are expensive. Why would anyone bother buying them If they was not profitable? You can check CoinATMRadar and see how much fees they charge, they could get the amount invested  in the machine back in a small period of time.

unfortunately we have only one atm in Sweden. They are useful but rates are a little high.

In my country there are no one.