Bitcoin Forum

Anyone here use a Bitcoin ATM anywhere? What was your experience like with them?

I saw these two articles that talk about the popularity of these ATM's and how much they're growing every day.

https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country (https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country)

and

https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/ (https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/)

My other question is if people are worried about the security of these things.

The problem using Bitcoin ATM's in my opinion:

1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...

Aside from that, they're really handy and the companies behind them (in my case Bitaccess) are very helpful and have a fast support. I had a transaction where things went wrong, I contacted them and they refunded me.

Since 2014 Belgrade, Serbia has a total number of Bitcoin ATMs / Tellers in and around Belgrade: 4. Guys who running that crypto business also have cryptocurrencies exchange very often organize a BTC day at some restaurants that accept BTC where you can get a discount on that occasion. Anyway, we don't have legal regulation for cryptomarket here.

lols, do you think all this can be possible if ATM is planted and during withdrawal they started asking for passport and the rest details in the machine, this makes no sense beside just as you said that the fee will much and we can't qeue  for all the confirmations before the bitcoin can be dispense from the machine after receiving the transaction alert from our cellphones.

although in my country i haven't seen any machine that uses or dispenses bitcoin.

Most of the Bitcoin ATMs are only usable to make a purchase. It can be very hard to find a machine doing both buying AND selling. People are not worried to use it, the majority is using just for fun and in small amounts. It's like when you get your very first Visa, you use it at the ATM even if you don't need money lol. They also have no problem to provide their ID card since it's just for a few bucks, it's not like if they were trying to sell the BTC they got underground.

It's still too soon to see ATMs becoming popular and profitables, maybe in 5-10 years but as for now I don't see any use other than getting fun

It's going to be an automatic process If I remember correctly (there is a camera in the ATMs). Or, in Bitaccess case for example, you could complete the verification online so you don't have to worry when you are withdrawing the money: https://app.bitaccess.co/

A good idea. Bitcoin ATM, that would be Bitcoin's future. When it is recognized by the world, of course this will happen without any thought.
Everyone can withdraw cash at ATMs that use credit cards with BTC to trade, which is really convenient, useful for life. I believe this will become a reality.

Anonimity is expensive unfortunately so high fees is something natural in this situation. I was never asked for passport though, that's something I did not know of.

The few I've seen in my area had high fees and had a small maximum amount you could purchase.  Right now bitcoin AtMs are not very appealing but at least they are helping more newbies get introduced to cryptocurrency.  We would be better off with more fiat to btc exchanges instead of high fee ATMs.

I do not remember which country it is in, I had a chance to experience it once. they seem to be useful. but some hacking stories are turning. I am uncertain whether they are safe or not.

I don’t think they dispenses Bitcoin, it is stated that your Bitcoin will exchanged into banknotes (money). Here in our country, we have that too, but much more in a different way. There’s this Bitcoin wallet wherein the amount of Bitcoin or Eth that you’re going to cash out will be converted into money then when you’re going to cash it out, it’s amount is already in your national currency. Then you won’t be needing any ATM cards either, you just need to type the code to cash out. They don’t have expensive fees either.

This is no doubt a welcome development. It shows progression for cryptocurrency and Bitcoin in particular. But I personally feel, without sounding pessimistic, that there are still haunting issues with Bitcoin and it can not be neglected. Bitcoin will die off if the system is not managed well. Yo don't want to invest such technology in a system without a firm root and policies. Whoever is in-charge of this should go back to the drawing board and fix somethings up before getting to this point. otherwise we might have Bitcoin ATMs in 2019 and in 2020 Bitcoin is history. My opinion though.

I haven't used it yet. But I look forward to using it. It will be a very nice experience for me. I think it will be used very often in the future. At present, especially at airports, there are many reasons. The airports are very suitable for such operations. It's a lot less risky than cash. Moreover, when the use of Bitcoin becomes widespread, it will be prevented from damaging the exchange for those who are traveling.

I am yet to have an experience using bitcoin ATM because there is none where I stay. Though it is a welcomed development as it going to aid financial services, I read that there are still a number of issues to be resolved. An example is transaction time.

I have not yet the experience of using the bitcoin ATM  because my location is still a novice as far as bitcoin/blockchain is concerned. But as the adoption of Bitcoin continued globally very soon my location will embrace bitcoin and other altcoins as a means of transaction. But from the experience of those who has used the bitcoin ATM as we read from net, they claim of its effectiveness and hassles free. We keep watching for more experience from new users.

I think that Bitcoin ATM's are a very good idea of looking to the future. The only minuses for this idea is a big fee for using it and little expanded network because it's hard to find them. but all these problems should be solved in the future

I just want to say that this is good news that I have read, This shows that bitcoin goes through some very good developments. And bitcoin ATMs will give something new to the transaction. Thank you for the news that you shared, at least this has increased my experience and insight.

As the uncertainty is still creeping in and most people do not know fully about Bitcoin ATMs, even though they have a large amount of store in their wallet they tend to transact a little amount of it. Furthermore, the high fees and waiting time is also not catching peoples attentions. It still has some major issues to solve so that people can finally use their wallets freely.

SEC so struggling with cryptocurrency and Bitcoin, and thus did not notice the largest number of ATMs in their country?

More than 2000 ATMs. Even in Asia and Japan there is no such amount of ATMs.

Today I think it is impossible. There are many reasons, but the main reason is this work with the government. ATMs are set up automatically means taxes and controls until full cooperation happens. But if there will be terminals, but all our transactions will be known))

I have not use it but I know that there are several bitcoin ATM's in some countries but hope to use it when it is within my reach because it is and plus to bitcoin.

I used an ATM in Manchester when I visited last June and I was awe. The only downside was the fees for transactions. The fees in addition to the price quote was quite higher above the market rate.

I have never used ATMs for bitcoins, but I think it is very convenient if transactions pass quickly. I think that in the future such ATMs will be in all countries.

As we all know that bitcoin has made tremendous progress in this passed decade and we guys are seeing progress only but bitcoin has also gone through many obstacles and ups downs in its path but has overcome all and now the most successful crypto currency of all and being on the top of crypto ranking , bitcoin is now ruling over all and the most happy thing is that the progress of bitcoin is still continuing as many countries has legalised its transactions and moreover open countries has even opened bitcoin ATMs also .

It seems like there are so many bitcoin ATM machines out there. I have never used it, because in my country, the population of bitcoin ATM machines is still very little  :'(

I never used a bitcoin ATM, because my country prohibits bitcoin.

but, I see that public enthusiasm for bitcoin is huge, even in my country, 70% of people adopt bitcoin for their lives.

so, when we see the public demand for bitcoin is greater, the bitcoin ATM will be in every place and spread in every country.

There's only 1 bitcoin ATM in my country so I haven't got the chance to try and experience it. However, base on reports, doing a bitcoin ATM is so expensive so I wouldn't be surprise if only few people have tried it. The only thing worth trying them out is just to get the experience and for security reasons (hard to do face-to-face transactions, you don't know who you gonna met, so there's a big risk.)

true, its because thats how they earn money in exxhange for peoples convinience in accessing exchange to cash right away, i think their rates of exchange in way higher than the market, like thier buying price is a lot cheaper and thier selling price of you bought it right in the atm is bit higher, but its convinient though.

Bitcoin ATM is not too popular because of the high fees, and because of the unclear legality there is no investors dare to put the ATM machine in my country, I ever saw one when I go abroad and it's very useful but the fee is way too expensive

i never use the bitcoin ATM because in my country, they dont have it, but i think it will more fun when we can buy bitcoin or sell bitcoin directly from the ATM, but 1 heard about many people that the fees is high, i think it is a big problem when we want to witdraw and deposit our bitcoin but the fees is high

Bitcoin would certainly go far with the bitcoin ATMs, I cant wait to use one, when it finally arrives in my country. I believe the future certainly looks right with bitcoin in place. I believe most crypto enthusiasts are looking foward to see the use of  bitcoin ATMs in  all parts of the world as this would certainly increase the use of bitcoin among alot of people.

In my country there are those bitcoin  ATM's , but only in big cities, because I live in the countryside so I have not had a chance to try, I also want to use it once.

I've yet to use a Bitcoin ATM. But I look forward to the experience. I'm sure it will happen sooner or later.

Back in 2017, even in Ukraine, Bitcoin ATMs were installed)) I think many people have heard about the situation in the country ... But, however, at least in some direction, we are moving ... I personally did not use such a terminal. I prefer using a PC and various resources) Although there is a desire to purchase some coins for which bitcoin is needed. And I have to buy it for the local currency. So maybe for the first time I will test this ATM)) I wonder what the commission is in it. ;D

I have never physically seen a bitcoin ATM before. I think I have only seen it in pictures. I can see a few people sharing their great experience using it here. It will be a great thing if it can be available in a good number of places. It will definitely draw traffic to bitcoin.

Interesting. Well when our country was blessed with the first ever ATM of BTC then suddenly week after that the owner of the ATM got arrested by police and all his assets including the tailor machine got ceased. Lolz. Thats the kind of country I live in and looks like things are not going to change ever. So unfortunately I was very close to using the machine but thank I did not used it as I would have been convict for the same. Lolz.


Looking at this scenario it seems to be time consuming and complicated process. It would be better to go for online wallet using.

I was in Canada when the first Bitcoin ATM was installed in Vancouver and we used it once, I think Bitcoin was sitting at around 1k USD at the time before it fell to 250 USD. Unfortunately in India, ATM machines are not welcomed and the first ATM machine today was taken down by police. I think India is really impeding blockchain and Crypto as much as it can because I think they are afraid of cyber crimes using Bitcoin and tax evasion/ money laundering I guess because so many online scams come out and they do not want to see the same with Bitcoin happening.

In Ukraine, Odessa city, last year, there was an ATM with cryptocurrencyes and fiat. Don't know about this year.

ATMs are for sure becoming more popular than they used to be. Though, just because they're are more around doesn't mean we mustn't be careful when using them.

Like ATMs that we often encounter in various places, Bitcoin ATM machines allow users to buy their own digital currency directly in place, both for banknotes and online wallets. And we can make 2-way transactions on a Bitcoin ATM Machine, which means you can also sell private Bitcoin while getting cash on the spot. In my country there are 3 Bitcoin ATMs scattered in various places, the existence of Bitcoin ATMs is useful for bitcoin holders and tourists holidaying in my country, and many foreign tourists use Bitcoin ATMs.

Definitely, new BTC ATM's launching in most of the countries is a happy news for all as success is on its way and popularity is increasing day by day. The majority of the people will come to know about cryptocurrency or atleast they Start researching about it. It's a big bonus in my opinion.

If the ATM does not ask for your private key when withdrawing money, then there should be no danger. In General, it is a very convenient initiative. I vote that such ATMs should be at least 1 in every major and medium city of the planet. This will greatly change the attitude to cryptocurrency as a full-fledged tool of payment. You know?

Security shouldn't be an issue as your existing coins are never at risk. I would be careful with KYC procedures though, because they can link your identity with the address you provide them.

I like them because they provide awareness, but if you have easy access to an exchange, they're not going to be very useful for you.

The ATMs take a little but.
Give more confidence and security when making a tranzaccion.

Having a Bitcoin ATM is a good thing to the crypto user and the crypto space. It will increase the exposure of Bitcoin to the mainstream and as well make it easy for the crypto user to spend his cryptocurrencies in the real world apart from online purchases

For the time being, I think it's easier to simply buy online. With some of the peaks of transaction time back in December-March, I'm not so sure if I want to wait that long front of an ATM. Never tried it though.

With a bitcoin ATM, it is definitely easier and more sophisticated in transactions, and surely ATM companies will be more fortunate. Indeed, there are many positive aspects, but how are the procedures and security?

Well the buying side is actually fine but when selling them its so shit af it takes like a long time especially if your sending with 5k fees

I've never used it yet but i think the fee will be very high and the security is really good. I am waiting for bitcoin ATM in my country.

Last year I saw a similar device in one of the cities of Ukraine, but I think that today, he no longer works.

I still not have any experience about using bitcoin atm because in my country I still didn't see any atm machine like that. But I hope once my country start to adopt cryptocurrency I think there is a chance we could have atm machine that can convert bitcoin into fiat.

There are a lot of Bitcoins in my city. I think that this is good. To be honest, I have not used them yet, but I think that they can be useful.

I think bitcoin atm will be more useful like fiat atm. But my problem is there is no bitcoin atm here in my country. So I have not experience using it. And I am curious if its good to use or not.

It would be so cool if I can use one. I can't find any Bitcoin ATMs in our country and it would be so awesome if I could actually bump into one of them cos its in my bucket list as a crypto enthusiast.
It's just like your ordinary ATM machines. When it comes to security it really depends on the area where these machines are located. There are bunch of scumbags lurking everywhere waiting for their prey. We just have to be careful enough when withdrawing from these machines for it might have hidden scanners that could possibly hack our accounts.

There are some in my country but different city, i heard bitcoin ATMs really cool. And too bad i can't use it yet because different city. I think people will have same hope to use bitcoin atm and maybe some developers will make it to be true.

The problem with atm is if ever the atm have problem you dont have a service center or a bank tgat you can ask to. Also atm is prone with scamming. Though having an atm would be a lot usefull.

In our country there's only few Bitcoin ATM but I'm optimistic that the numbers will grow as adoption increases.
This will help us for exposure, and so people would know that bitcoin is a real thing since we operate like bank and we have our own ATM.

Doesn't need to use an ATM for Bitcoin anyways, so we just have to look for another way of getting Bitcoin if ATMs are not in our place and would really love to buy some.

So from what part of the world you from ?since your Bitcoin ATMs seem to be malfunctioning or not even used lol

Omegastarscream is right about the advantage and disadvantage of ATM machines of bitcoin and the bad on this is the higher fees,while the goodness is the security and the reliability because this is physically operated and you can claim in real

bitcoin ATM will be very popular in the future, why? i think in the future there are many people that use bitcoin and cryptocurrency, if they want to change their money into bitcoin or change their bitcoin to money, they can use the bitcoin ATM that will available in all country in the world. so in the future, there are no exchanger right now

I use these ATM's quiet a lot for now there was no problem with buying and selling BTC. The only problem I hit was that some ATM's haven't got too much cash :) and that is hard to find these cryptocurrency ATM's (https://cryptolinks.com/peer-to-peer-cryptocurrency), so I help myself with sites that provide me location of ATM's. I used these ATM's in a lot of large Europe cities and in some US cities too.

Btc powered atm's are now already a hit and alot of countries were already installing them  .

 they can be found usually on major cities but the only down side is that many people are still doubting to use them . i understand them because they are only considering the risk of what can volatility do their funds .I guess what we need right now is stability and that is the only patch in order to attract alot of users and potential investors  

Every year more Atms are getting added most of the Atms are in Usa and European and followed by Asian countries like Japan and South Korea .

I think bitcoin ATM's is not safe at all for me because some of the hackers can easily access your ATM's because they are expert in this field and from that they can easily steel your money.

maybe or even not possible if bitcoin has an ATM, it will certainly make it easier for us to use bitcoin

Many Bitcoin ATMs will be created if bitcoin users in that area cover a large number. or in other words
the adoption in that area is very large. and in the future it will be the exchange that will have the ATM system itself

it seems that ATM does not provide bitcoin, I think the type is different if bitcoin is used as access in ATM, I don't think it is right if I use debit money

We dont have any bitcoin ATMs here in my country but our crypto application can function the same. We can convert our crypto earnings into fiat and withdraw it into whatever local atm or banks we like. I didnt bother about the security since i trust my third party app and our local banks.

We hear a lot on Bitcoin ATM's. It is widely being installed across the world and people started using it which is helpful for people to convert their currencies to btc and vice versa in ATM. This will be helpful for people and already countries like USA,Europe, Japan and south Korean has installed ATM's in their big cities.

I have not used bitcoin ATMs as there are none in my country. In fact, when an exchange tried to start bitcoin ATM in my country, the founders where jailed.

However, there are certain problems associated with bitcoin ATMs in my opinion. The primary being the wait time which means that for withdrawing cash with bitcoin, you will have to wait for some time till the transaction gets confirmed.

Bitcoin ATM machine of the most impressive things that has happened to crypto world space because it has it's own advantages for it users to those countries that has already gotten it.

And again, for the banks to be using and managing there own ATM machines for there own customers, I don't see a problem with it's management and security for crypto users as well.

These are being deployed everywhere in south america now, it is easier and cheaper to use these atms than western union etc. even though their atm fees are ridiculously high.

In Czech Republic we have our Bitcoin ATM by Arbolet.net - check video how it work: https://www.youtube.com/watch?v=u_XVKM1VfB4

What fee do you take when a person buys bitcoins?

I have seen many Bitcoin ATMs posted on social media and to be honest it is really a good effort to the community that wanted to make a mass adaption to all and it helps promote bitcoin to all. I love to see actual bitcoin ATMs in my own eyes in actual form and really hoping it will be available in Asian countries so that everyone will be more interested joining the train and embracing bitcoin craze.

In my country there was attempt of btc atm installation in bengaluru,india by a famous exchange unocoin but it was seized by police as there is no legal framework in the constitution. Btc atm will only be allowed where government have approved it or have rules or regulation regarding virtual currencies.but i think as blockchain and crypto knowledge is spreading, in future we will see crypto atm at work but i think it would be crypto to fiat just like we have different crypto cards rather than solely atm for crypto.

At my place we still have no bitcoin atm. Im very support this effort so bitcoin will be famous again by it user. This way more and more peoples will know bitcoin and would try to invest in bitcoin.

it could be this is the first step that indeed needs to be expanded in every country where some people use bitcoin as a search for additional income or in terms of investing which indeed can make it easier for users to process their currency unit of common currency - each of their respective countries - .

yes ,i saw the first bitcoin ATM  of india in Bangalore airport ..which i felt good seeing that and it will spread the importance of the cryptocurrency to the whole country ... and now it is useful for the people to withdraw there money easily. :D

In fact, I have little experience with bitcoin ATM which I easily convert my bitcoin in fiat. But, I prefer to use my online wallet which I can also convert bitcoin into fiat. This kind of machine will help all people who have bitcoin so if they need to have fiat they can use this machine.

It's helpful if you are travelling in different countries, but since I don't love to travel, ATM is not really that important to me as I can directly
transfer my money from my local exchange to my bank account. With the increasing no. of ATM, this would help to attract the curiosity of the people, eventually they'll learn about crypto currency.

 In Bucuresti, Romania, there are 9 or 10 Bitcoin ATMs, in Romania there are 30 Bitcoin ATMs.
 In Bucuresti you can buy Bitcoin in about every food store, every Supermarket.

One can pay with his NFC smartphone on every Food Store and Supermarket in Bucuresti.





  

Agree. Making cryptocurrency connected with real paper money is the first step in making it global.
Psychical money is here to stay for several years to come, might as well make it compatible with crypto to kickstart the takeover.

A few years ago when you could get 0.06 for £20 I tried one out just for the experience, It was smooth and very quick although the 6% charge was a bit much.  There are many more options nowadays to get some bitcoin, I would like to try the reverse btc to fiat but I guess the fee will be quite high?

Also with the new bi-directional machines, people will be able to deposit cash where ever there is a BTM and send those money world-wide. Who knows how many people have wanted that to be an option through the years.

ATM machine were installed in my country about 2 years ago and many of these ATMS are majorly for purchase purposes because they aren't meant for Bitcoin dispense. Though we are looking out for bitcoin dispense machine(ATM) in the nearest future when Bitcoin will be accepted and adopted globally as a currency.