Bitcoin Forum

It might interest you to note that the bitcoin policy has been accepted and implemented by some banks. Not long ago, I read a post on this platform which stressed on the facts that there are bitcoin ATMs in some parts of the Europe and United States.

The question is " how will these ATMs  operate?" Will customers withdraw money in the form of Bitcoin notes or fiat??? Please share your views on this topic. I need clarifications.

The information about bitcoin is available if you just read it OP.

There are no plans for bank notes, that would be regressive.

I think there is no need to ask about it. We all know that bitcoin is already existing as form of currency. I believe that bitcoin is really a currency an amazing digital crypto currency that is really safe to use and it can also help as gain through investment. I believe that bitcoin has really a bright future.

that is not how a bitcoin ATM works!
a bitcoin ATM is simply an alternative method of exchanging your fiat with bitcoin and vice versa. that has nothing to do with "notes" that is not necessarily created by banks. in fact so far the ATMs that i know were created by companies and have nothing to do with banks.

They look like traditional ATMs, but they don't connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a convenient and convenient way to purchase Bitcoin in person. That is the outline of the operation of the Bitcoin ATM, so it has nothing to do with a bank account.

If Bitcoin is been adopted as a physical currency than it means that its a regulated currency,that also means it is no longer a decentralized cryptocurrency rather a fiat currency.

this has nothing to do with ATMs but I think eventually we will see some sort of bank notes that may be used instead of bitcoin and issued by banks or some centralized entity like that sanctioned by SEC or something. right now ETFs seem to be the hot topic which is basically similar to notes since you are not buying bitcoin but a virtual IOU from that company and I have to say it is a terrible thing for bitcoin. it brings all the centralization that we got rid off, back to bitcoin.

It looks like your problem has been solved. In our country, we also had a bitcoin ATM in Bali Indonesia (but the government currently banned it). Basically, this ATM is an exchange that can be accessed directly with fiat, so they are not related to the bank at all

You understood it wrong when you have heard about bitcoin atm, you expected that a bitcoin note would come out from it but no.

If you withdraw your bitcoin through bitcoin ATM you'll get cash.

Looks like you have a wrong understanding on how bitcoin ATMs work.

Anyway, to answer your topic question: If bitcoin would exist in a form of notes, then a centralized authority would be needed for this to be done, for the printing of the notes and such, which is something we would like to avoid as much as possible when talking about bitcoin.

That would make no sense to have bitcoin notes if you think about the meaning of bitcoin and why it was created. Purely digital and that's the way it is going to stay.
But answer to your question, you will get fiat money out of the ATM, usd, euros, etc.

Bitcoin has never been seen physically as a currency but it is a digital currency. The ATM bitcoin transaction will still be in form of P2P transaction where you can transact by transferring from a wallet to a receiving wallet. This is my thinking but since nothing is stagnant things keep changing maybe you can exchange your bitcoin to fiat money using the ATM machine. This will not be a bad idea.

Bitcoin Bank Notes will kill the anonymity and decentralization if Bitcoin - I personally will never want it to happen.

Regarding this matter about bitcoin existing in currency notes is big non sense because having bitcoin to exist in bank notes will really defeat the purpose of bitcoin being as an intangible currency which provides anonymity to its users so I really believe that bitcoin will never exist in bank notes just like the paper bills that we are very much used to.

First of all Bitcoin is a virtual currency and cannot be produced or generated in the form of paper.

Second, Bitcoin ATM's are only meant for converting Fiat to Bitcoin/Crypto and Bitcoin/Crypto to Fiat through partnered exchange. No Banks are involved in running  these ATM's. They are controlled by private companies. The charges for conversion are higher as compared to exchanges.
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i am afraid that this will eventually happen no matter how much we despise it. many people still want it to happen! i believe it is because they are too used to the centralized authority of banks and only want bitcoin for the profit making purposes which is also why many are still excited about things like ETF!

Well to be honest I don't think I will ever change my Bitcoin for Crappie Fiat money. I'm waiting for online Merchants to start accepting Bitcoin and other currencies.

Well, theoretically it could still work, even though it's more centralized. It'll probably be fine for smaller transactions? $10 worth of bitcoin and such. People probably just need to think of a way to create these in a less-centralized manner, and without a way of people taking advantage of these by creating fake and duplicated ones.

If what you are telling that Bitcoin will be surculated in currency notes then its main purpose of creation will be dead and the concept will be totally lost which will be not good for it. Bitcoin was created to remove the middle man and unnecessary chages by banks to be exposed.

ATM are used to convert the bitcoin to fiat currency and withdraw which is good but bitcoin itself is used in currency way is not good.

If it happens then bitcoin will be dead because BTC introduced to remove centralised authority for printing or deciding the value of currency. Peoples are used to currency system hence they want BTC to also come in papers but it will not fulfill the requirements for which BTC was introduced as currency across the globe.

Hoping for Online merchants and BTC ATM has too come up and spread widely.

Bitcoin is very useful in the world and it is not available in the paper form but it is virtual currency and we can use it through this way crypto currencies are existed in this form but if this available in the paper form then people will keep it with them at home and we will not aware of the supply of crypto so if this is in the virtual it is good and bitcoin can never be eliminated from the world once it is started then no one can stop it but some times are very hard for crypto users when market is in chronic stage.

countries are gradually beginning to accept bitcoin and put it into circulation, I have also seen such ATMs in Ukraine. I think that they just pay after the rate which is currently on a certain exchange)))

I didn't hear such a great news. The ATMs of course will give you fiat money of the given country. In the other case you should have such ATM at your home or spend a lot of time near this ATM till transaction will be confirmed.

No is the answer.
We all have to realise a number of things.

Bitcoin wont be used as legal tender by any country, they will just create
their own digital currency, digital FIAT which will be centralised and controlled.

We are edging towards a cashless system, a chip and pin, a plastic system
with cards and devices not metal and paper.

Butcoin is a digital cash system which is currently operational without physical
coins and notes other than collectable tokens.

https://evoai.bjammerboy.io/7135/5493108

Bitcoin is a digital currency which fuels the blockchain technology and is the custom countries which can be transferred through it.

Having as a bank note is retrogressive and unnecessary.
It can of course be stored in hardware wallets which is offline.
The world is gradually  rapidly moving towards a cashless society, we can't be going in the opposite direction

Actually the currency might not exist in the form of fiat currency rather like a virtual currency.
Those ATM machines are mainly for the buy and sell of Bitcoin, also for online transactions. This will be a new era of cashless policy.

Bitcoin is already a digital currency that is widely accepted by all crypto enthusiasts. I don't think there would ever be a time where you would see printings of bitcoin denominations on a piece of paper to denote a particular amount of bitcoin. I believe this has always been the case, it is strictly a digital currency not a physical fiat currency.

I think bitcoin will never exist in currency notes. this completely contradicts the ideas of the coin itself and cannot be feasible if we consider Bitcoin as a digital asset.

yes, in some European countries and Japan, Bitcoin ATMs have been used, and in my opinion, bitcoin ATM only serve bitcoin, not fiat.

bitcoin ATM is used to fill crypto balances, maybe using ledger nano, or with gadgets, and of course, the use of ATM bitcoin is very limited.

Yes there are some bitcoin Atm machine in some country, and since bitcoin doesn't has any physical shape then we can only withdraw fiat through the Atm, I don't think there will be any physical shape of bitcoin and bitcoin atm is not too popular since it got a high fee, but it's one of the alternative way to cash out bitcoin into fiat

How can transactions be verifued and confirmed if people are handing paper notes around the place. I think the whole idea is absurd to be honest. "One step forward, two steps back"

Exactly. We already have this amazing technology that provides for the structure of a digital currency. Why go back to the traditional and problem-prone paper money? A digital currency provides so much potential, not just bitcoin, but there are cryptos designed to reshape the market with features such as a virtual market place, an escrow system etc. There's so much we could explore if we move forward with the technology.

I don't think it will ever exist as a currency note because that will defeat its purpose, bank notes can be printed at will which is one of what bitcoin is against so it will make no sense printing bitcoin notes.

I think when withdrawing our bitcoin in ATMs, its mean we withdraw in fiat money. I am read in online media, there is more 4000 bitcoin ATMs worldwide and i am believe it will increase

Well i doubt this because the main idea of bitcoin was to create a cashless society where we only trade with bitcoin and other cryptocurrencies for faster and secured systems other than what electronic payment system and fiat currency can offer. Bitcoin is a digital currency so i wish we can keep it that way.

Ofcourse they will withdraw they bitcoin already converted to fiat on what currency they are using. I can also encash my bitcoin through ATM machines and it is already converted with our currency which is peso.

I don't think that bitcoin will ever exist in currency notes. It is a decentralized digital currency and it will never lose its aspect.

Well, in my opinion about this. It is possible to use ATM to withdraw money. Let we say from bitcoin convert to fiat money. It is possible to do because it is the process implemented in ATM machine. Which is convenient to use, you do not need to used your mobile phone to withdraw instead you can use a card. You can used Bitcoin all over the world except in the countries banned bitcoin and other currency.

That is an interesting subject however I don't think so Bitcoin will ever exist in currency notes because it was clearly mentioned that Bitcoin is an cryptocurrency/digital money where it does not involve any third parties or banks.

why you need currency notes for bitcoin. it will defeat the purpose of bitcoin. bitcoin works in networks. you use your smartphone to accept bitocin.  bitcoin atm is serve as a portal for fiat/bitcoin exchange. you can buy bitcoin with fiat through the machine.

Unless I am mistaken, my answer to your question is simple. The ATM machine serves as an exchanger. You go there to convert your bitcoin in fiat. It doesn’t necessarily mean you are taking notes of bitcoin. You only get the local notes for your bitcoin.

The concept of Bitcoin is a digital a cashless based payment system, so no need of creating notes and Bitcoin Atm is where you can convert/withdraw your Bitcoin into fiat.

       Bitcoin and the other crypto coins, as their names say, are crypto coins, which will never turn into coins. That marks this market as an alternative to FIAT coins. If Bitcoin had adopted as a physical currency, it would practically not be a decentralized cryptocurrency, which is impossible. Looks like you have a misunderstanding about how ATM ATMs and the crypto market work.

I think bitcoin will be the most mysterious historical record with fluctuating prices, and as a more valuable currency. What makes bitcoin more popular and valuable with mining limits is only 21 million thousand coins.

I think that we don't need to doubt or question Bitcoin. Its presence to this point proves that.Bitcoin will survive and will even exceed our expectations. Although Bitcoin is falling.We believe it.

I do not think that bitcoin will ever be in currency (Note) because it is created on digital tendencies where it can effectively run on blockchain. Yes, there are series of Bitcoin ATM machines installed in some European cities and latest being in Philipines, this is a good news to the efforts being made to widen the adoption of bitcoin and its usage. The ATM may have an interface where the digital value of Bitcoin will be converted to note currency during withdrawal.

You can have a paper btc wallet, but I doubt there will be a paper btc than you can pay with in a supermarket. That would be funny, though.

We all know that bitcoin already exists as a form of currency. I believe that bitcoin is truly a crypto digital currency, which is really safe to use and can also help as an advantage through investment.

Bitcoins are digital currency and will never get converted into currency notes.
In fact paper wallets, storable physical coins etc can get in huge demand but i dont think that bitcoins will ever be in currency notes.

if we users can change legitimate bitcoin as an official currency and also be ready to use it in every society and also the people around us, we can also make this currency the main currency in the world or also in some major countries as a benchmark price that will released.

I think if bitcoin in paper form doesn't make sense, because bitcoin was created as a digital currency whose initials are like coins. bitcoin is very valuable in the digital world, if in the real world I think bitcoin is worthless.

The problem in my opinion is not about coming up with bitcoin notes but the various factors and conditions that needs to be gotten right in other to have a note currency is the challenge which largely makes it possible for bitcoin to have a note.

To have a note currency means there would need to be a body that would be in charge of all the logistics attached to that line of decision. The mint company, knowing the amount that is exactly needed, providing the fund to ensure that quality and what cannot be adulterated is printed, recruitment of those that would be in charge and also to organise the security that surrounds all of these functions. Looking deeper one wold realize its largely impossible to get these things in place in addition that, it would negate the existing principle of bitcoin to have such.

I do not think bitcoin will exist in a currency notes, we all know that this is a digital currency without any physical things that can hold by a person who have this and being decentralized currency many people was attracted to used or spend it because it was hussle free unlike a fiat. I like bitcoin as decentralized.

In my country, this is done through a bank online exchanger, but without an ATM. I transfer to the proposed bitcoin address, and they transfer Fiat to the indicated plastic card of this bank.

I think the physical form of bitcoin is cassacius and it can be used only once,the bitcoin ATM is not foe withdrawing your bitcoin in physical form it is just to exchange your physical currency notes into bitcoin and send them to your wallet or you can sell your bitcoins and can get the notes from ATM machines.

I don't think that is possible to do as Bitcoin is a digital currency not fiat that can be printed and if it were printed , how with it be monitor on the wallet and what will the mean of exchange it? And it will not be recorded in the block which is the main ledger for Bitcoin and that makes it sound not a digital currency any more.

if for digital currency, of course, but for the world currency, it doesn't seem to be, because bitcoin is transparent and bitcoin is also seen as an asset or like a stock to earn income....

If bitcoin would be so easily replaced, then the problem would turn to “will cryptocurrency ever exist...”

I think basically bitcoin ATM is just a machine that helps in exchange of bitcoin to fiat and fiat as well to bitcoin, it does not necessarily has anything to do with the bank or any form or sort of bank.

Bitcoin is a virtual currency that does not exist in physical form. Bitcoin ATMs dispense fiat currency after the value of has been exchanged from bitcoin to be withdrawn in  fiat currency

If Bitcoin is a decentralised currency then what institution would issue currency motes? Just trying to figure out the possiblity of it

bitcoin is not recorded in the original financial sector, but this bitcoin can help in the day-to-day, why not just keep this bitcoin and advance it into a currency? I support if bitcoin is made into the world currency

Bitcoin will work against currency notes. We all know that Bicoin is the possible coin of the future. When this digital currency starts circulating all over the world, we do not have to change any currency through the bank. I do not think any ATM boots will be needed. Then we will deal with bitcoin or crypto currency with each other

Bitcoin is meant to be a digital currency that can be transacted over the internet without the need of physically carrying it. I dont think there are any such plans of bitcoin notes. That is funny to think about, it will be regressive if we think about in that way.

Absolutely not.
Bitcoin was created as a decentralized virtual currency.
So I do not think it would ever exist as a Fiat currency as that would defeat totally the purpose dlfor which it was created.

There are already terminals that can be used to exchange cryptocurrencies for Fiat money, for example. I think if there will be specialized banks on cryptocurrency, their ATMs will perform similar functions. I just do not understand why you need a cryptocurrency in the form of banknotes. The whole essence of cryptocurrency in this case will disappear. As cash can use fiduciary currency.

Bitcoin is already a currency but in this case it is not just an ordinary currency it's a cryptocurrency which also mean it's a form of digital currency.

And digital can be regarded as electronic form which it can be in physical notes like other currency.

True. Bitcoin was always known to be a virtual currency and hence it's not possible nor needed to be a physical currency when the number of bitcoins are limited while there were some rare cases where people were cheating others by selling physical bitcoins which were not bitcoins but fake coins.

I'm sure, if bitcoin is always the legitimate currency and will always be the number one currency.
and I can't think that way ..

I know that there are crypto ATMs but I have not seen information about the fact that an ordinary ATM will exchange cryptocurrency. I do not think that it is necessary because the cryptocurrency is easy to exchange on the Internet and withdraw to a Bank account or credit card ( Visa, MasterCard)

i dont think bitcoin will exist in currency notes. the ideology is to have an online payment system different from our normal banking system. having bitcoin in currency notes means the banks will be in charge which brings us back to the problem we were trying to solve in the first place. so no bitcoin will never exist in currency notes

What I understand
ATM is exchanging currencies for Fiat
This is short
I feel you understand it wrongly.
 

I dont think bitcoin notes will be necessary to used in cryptocurrency because it is a digital currency.
Unlike fiat money, bitcoin is a cashless peer to peer currency.
Bitcoin ATM is simply a fiat - crypto exchange in a machine to make you convert your fiat to btc easier.

just read the BTC white-paper and you will get answer to your question.

The only authority that can make a currency note is the central bank and it is owned and ran by the government which operate in a centralized system of governance. If bitcoin converted into currency notes, it will no longer decentralized because government is not in favor of decentralized currency. Bitcoin is destined to become a decentralized virtual currency so it is not possible to make it into currency notes.

If bitcoin ATM despense bitcoin in form of physical money, it means bitcoin have become a fiat currency. The bitcoin ATM will just convert your bitcoin to fiat equivalent.

Bitcoin will be exist for several years later but is depend how bitcoin price at the future, when bitcoin never have growing price maybe bitcoin just be on memorize, but when bitcoin could change to higher price will make bitcoin keep exist.

Its funny when people still ask this question. First and foremost, Bitcoin is described as a digital currency and operate on a system called blockchain. Digital means digital, why should you think there will be a currency notes for bitcoin? Creating of currency notes change the whole idea of decentralization of Bitcoin into centralization, where a central authority can dictate and control the amount of Bitcoin in circulation. So the answer to your question is simply and it is no, there will never be  currency notes of Bitcoin.

For now bitcoin ATM machines can only operate on fiat currency and not digital notes. By the time the full adoption of digital currency will surface, the use of Bitcoin note currency will be made available through bitcoin ATM machines all around the globe but for now, the bitcoin ATM machine allows fiats dispense instead of digital notes currency dispense.

Basically for those who are not aware,  the bitcoin ATMs works similarly compared to the traditional ATMs where you can easily perform several transactions such as  checking  your balance, transferring bitcoin and also withdrawing into fiat currency. I believe if you are conversant with the traditional ATMs there is no way to worry about how the bitcoin ATMs works.

I don't see it happening because notes are becoming obsolete all around the world. In developed countries more than 50% of all transactions is done electronically and 20 years ago almost none of them were. People who lived in the 90s were used to carrying wallets full of money. Now they sometimes don't have any cash with them and have to run to the ATM when a store terminal breaks.

I think we should move away a bit from all these financial methods that use paper, the future of money is electronic, less and less cash is used, bitcoin ATMs work with your phone or an electronic wallet, so there is no need to use cash, because most people have their money/btc electronically.

I guess cryptocurrencies were made with a motive to partially or completely replace physical transaction. But complete currency note replacement is not possible, at least in the next 100 years. Nevermind, but my point is why is it even expected or asked if Bitcoin is going to be in currency notes ever. Then what is the point of cryptocurrencies? The ATMs basically will provide you with local fiat currencies in exchange for your Bitcoin considering the current value at the time of withdrawal.

We can exchange our bitcoin on local market also. It doesn't refer that bitcoin is a fiat currency. By ATM machine, we can exchange our bitcoin to fiat currency. Bitcoin is a decentralized and it is a digital currency. If it is a fiat currency, it will be centralized but it is not. ATM doesn't operate digital currency.

Never gave a though to it but is an interesting question. If it is decentralized, then what institution would issue bitcoin banknotes?

As far as i know this is forbidden right now, the whitepaper says something about it. But i really want to have the bitcoin in currency notes in ATM's. Just think about it? Everyone would buy bitcoin that time i believe. And ofcourse it would effect the markets in very positive ways. The price go higher and i think we can use the bitcoin notes in everywhere in the world just like American Dollar.

I think one can exchange bitcoin for fiat but cant have bitcoin currency notes for now because if that is done then the aim is de fitted but I believe that it will work perfectly well for bitcoin users.

Its just converting bitcoin to paper money. Bitcoin always remain as cryptocurrency and it will not be a paper money because its decentralized cryptocurrency. I think its impossible creating bitcoin notes, because bitcoin is decentralized and no one authorities can control it

in my opinion bitcoin will enter into world currency records depending on the attitudes and decisions of every world government, if they find a solution to the problem of bitcoin problems, in my opinion the government will include bitcoin as a currency.

If bitcoin notes will be created in cryptocurrency, then we don't need crypto wallet anymore.
I think it is better for bitcoin and altcoins to keep stored in the digital wallet to avoid any kind of counterfeit.
Down to date, there is no one can create a fake btc or other counterfeit altcoins in cryptocurrency world, so it is safer.

I think it's better to stay in the virtual world, one of the strongest.

Yes you are correct when comes to currency notes but cannot be suitable for that it will be more comfortable while it was in the virtual mode then Bitcoin will also comes to normal currency it will also be considered as normal currency.

first time I hear about bitcoin ATMs...really curious how it works

It's not as of yet a popular feature and it's still being adopted in few countries,its an ATM but has no affiliation with a bank,but with a cryptocurrency exchange instead.
And it's simply helps convert bitcoins into fiat currencies,or from fiat into bitcoins all through one exchange or the other and not a bank
You can research if you have one in your area and try and make use of it if you fancy it's features

        The ATM for bitcoin should be in all countries where the currency is not forbidden. It would be a real help. We should not change the currency of our country in euros, then the euro in bitcoin. It will make our work much easier, new to those crypto market enthusiasts. The emergence of these ATMs encourages investment in Bitcoin and also promotes cryptocurrency. It is a step forward for the crypto market development.

With the way bitcoin keeps falling and remains unstable i doubt if it will achieve that

There is no way of printing the Bitcoin to the currency note will not be happen right now but thinking about using Bitcoin AC and normal currency is a good idea but technically virtual currency will be the most powerful and easiest way of transaction also so printing blockchain currency will not be useful much more much more than using them online

Bitcoin is a digital currency of it own, it is decentralized , making currency note of bitcoin will  make it to look like other  note currencies and it will affect the value of bitcoin in the market, and it will be control.
In my opinion I don't think the note will ever come in existence, the ATM is already OK.

Obviously bitcoin is decentralized in nature if it comes in currency note then the value of btc will fall and some authority or centralized control will take place to print the currency and maintain it. Bitcoin is built to be used as virtual currency in order to avoid theft, fraud in the society. BTC transaction is secure and it is difficult to hack that is why bitcoin came into existence.

it seems not for the world of paper currency but for digital money, because bitcoin is very popular among the internet as a substitute for paper money if you make purchases or payments in the online world

At Bitcoin ATM points you can buy or sell it. You can buy it with hard cards of approved regional banks or international debit cards. After you have completed the purchase process, you can enter the Bitcoin address to transfer it to your wallet on all Bitcoin-accepting platforms.

I think there is no possibilities tgat bitcoin will exist in currency notes. We don't need bitcoin to become a currency notes because there is fiat currency. And bitcoin is better to use online.

Bitcoin will be exist at the future if many people and investor keep investment their money at bitcoin, where many people keep investment will have greatest chance to get profit with bitcoin or altcoin.

Why do you need to ask though we all know that BITCOIN is now a form of currency and were accepted by some of the trusted banks internationally? Digital currency in fin-tech and the blockchain is something we must rely on the future. Having this project and making it up there is a must, as well. So believe and be passionate about it. Let's do hope that time to time Bitcoin will become legitimately and just like fiat currency.

Exactly, it's hard to happen to make everyone believe that bitcoin is simpler than money fiat. Until now everyone only believes that bitcoin cannot be used in real life and is used by everyone in all transactions.

However, that was only an initial prediction. There are still many predictions that we can convince, remember when barter was replaced by money, I am sure at that time the barter system was a difficult thing to change because they still thought barter was a strong transaction system.

But gradually as time goes by they think there are many things that are disadvantaged when using a barter system, and money came and everyone is proud of it. And now, bitcoin came up with a solution that could be carefully considered and seeing money fiat is a transaction tool that has many disadvantages.

yes you are right, it's just a note so it doesn't really matter. the most important thing here is that bitcoin will always be there at any time and hopefully the price is high again, that's all that is expected here.

of course, on the condition of course the government in each country legalizes and formalizes the crypto currency as the applicable currency, of course the currency will get a note in the applicable currency

Bitcoin is created as a virtual currency and it is going to stay this way. People use the ATMs to buy Bitcoin using fiat. If you like to own the “hardcopy” of Bitcoin, there are Bitcoin physical coin in the marketplace.

We will never know in the future maybe theyl create physical version for an ease of acces  but so far ive seen some physical cryptos on the digital goods section of this forum  . some even have a value because its embeded with private keys  .


i thought atms were only built for withdrawing cash  and not for buying ?  But ive seen a kind of machine were you can cash in a crypto and that wasnt called an atm . its called kiosk  .

If bitcoins will print in banknotes then they lose their meaning.
Bitcoin and remains a digital currency, despite the fact that operations with it can be carried out using an ATM.
In the ATM there is an opportunity to replenish your bitcoin wallet. You simply pay by fiat (or make a transfer in fiat currency) at the current rate (offered by an ATM) and you are credited with bitcoins in your wallet. If you don't have a bitcoin wallet, then an some of ATM will offer you to generate it.
Some ATM models may require you to upload any personal data, scans of documents or photos, and even fingerprints. All this depends on the laws that are installed at the location of the  ATM.
So as you can see there is no need to issue paper bitcoins to you  :D.
If you are interested in how using Bitcoin you can get a salary or pay for goods and services, then there are special services for this (can be found on the Internet).

The existence of cryptocurrency and bitcoin is part of technological development. one day paper money will be replaced by a digital
currency, so it's impossible for Bitcoin to walk backwards by making a paper version, online currency is much better

issuing Banknotes is just against Bitcoin Whitepaper - you can read it on bitcoin.org.

The existence of ATMs in several countries is only to overcome the problem of difficulties in transactions because when making a transaction not everyone receives payment in the form of bitcoin so that this ATM is very necessary to convert bitcoin into money.

In May 2018 a Singapore company made and disrupted 10,000 Bitcoin smart banknotes. With a value of 0.01 and 0.05 Bitcoin  each. I have never hear about anybody using them, but the company are suppose to back each note up with real Bitcoin and you can always check if the note you have are valid with a Phone app.

https://news.bitcoin.com/bitcoin-smart-banknotes/

Bitcoin ATMs are very different from ATM banking that we all know, because what I know is that bitcoin ATMs used to buy bitcoin are not attractive for bitcoin in the form of fiat money, and bitcoin ATMs that I know are not issued by banks and have nothing to do with banks. Bitcoin has indeed been recorded as a currency, because bitcoin is a crypto currency that is trusted by many people and has been recognized throughout the world, but only used for certain transactions that can indeed use bitcoin because there are still many countries that prohibit the use of bitcoin in their countries.

I also think they have bitcoin atm because their government are open on blockchain system so that corruption rate will decrease. The use of bitcoin is very efficient and not new when people are into it, just so happen that there are lots of scammed where bitcoin becomes the bait and lots of people also are against to it.

I don't think so, why we would go backwards with paper notes?

just look at China, they are the most cashless society on the planet and they don't need paper notes for over 80% of daily transactions

it's not only environment friendly, but more safe and less thief possibility

Paper note does not stand for cryprocurrency and bitcoin. It is digital and within a blockchain,so all the transactions are enclosed. Though we have a paper wallet it will be dormant until the private key is used online. It might be a dream but this dream cant come through with blockchain and cryptocurrency.

Possible scenario for the future: instead of receiving bitcoin deposit directly into a specified address from ATM, the ATM may provide a currency note like paper with public and private keys printed on it.  :)

Of course, bitcoins will not be issued in banknotes. There is no point in this and in general it contradicts the ideas of Bitcoin. Why spend money printing banknotes?
ATMs are working very simply. You give the ATM paper money (dollars, euros, or other currencies that accept this ATM) and it transfers the bitcoins to the wallet address you specify. There are also ATMs with the help of which you can transfer Bitcoins from your Bitcoin wallet to fiat currency, which the ATM will issue to you.
There are different versions of ATMs that have different specifications.

Yes the thinking of be kind to be printed in the currency notes will be good to improve the Bitcoin value and the popularity also very easily but with swelling printing the currency to normal currency it will be make the uniqueness to be normal for Bitcoin.

Bitcoin is about digitalizing decentralizing money. It stand out that way, making it like fiat would take out it's uniqueness. As for ATM's, they work like a fast converter from fiat to Bitcoin and vice versa. You need a phone wallet or qr code and you can 'trade' with the machine and you will recieve funds on the wallet, no need for notes.

I think that such ATMs rather help to conveniently transfer Fiat currency to bitcoin. After all, bitcoin has no material form and therefore it can not be cashed. It is difficult to say whether bitcoin will be used as a currency. So far it is not very convenient.

For now there is no bitcoin currency record. But for the future it might happen, when bitcoin becomes a digital currency that is widely used in many countries.
Bitcoin is heading towards the digital age, which will be used by many users around the world.

We are now in digital age as online transaction here started.  Yet,  bitcoin isn't listed as legal coin but somehow  many were using it for purchasing and so bills payment.
Due to crypto development and continuous growing,  it could have a huge possibilities that it will be legalize.

This won't be necessary when cash is banned and when we begin to buy and sell without physical currencies.
No true physical Bitcoin or Bitcoin note exists as far as am I know. They all still depend on Internet/satellites

Bitcoins can be backed by fiat currencies and it is possible if any government allows if not there will be any physical form of bitcoin currency notes and you really do not need one as bitcoins are transacted through a online protocol and all the transactions will be recorded in the blockchain, bitcoins are transferred from senders wallet to the receives wallets through internet nodes making it secure from third party usage. Bitcoins ATM's allows to convert Bitcoins to fiat current and vice versa and that is more than enough for the time being. ;)

I'm sure that this will never happen. In the age of high technology and digital money, this action is at least unwise. I think that over time, many countries will abandon paper fiat currency. Of course, fiat is unlikely to disappear completely but it will remain in the form of plastic cards. And bitcoin will never be printed, since it will be at variance with its original purpose.

The i did like to ask is; who will print the Bitcoin currency note? Will other country allow the United State(USA) to create the Bitcoin currency note just because they are the world leader?

For Bitcoin to ever exist in currency notes is not achievable now or even in the nearest future. Bitcoin ATM are there to make the transactions simple and easy for holders to transfer or to buy from exchanges without opening the computer or phone.

Thats right, it's the same as walking backwards when bitcoin issues its paper version. we have educated people to live more comfortably and more sophisticated using digital and virtual currencies. then no way for bitcoin has a paper version

I think the ATM will operate like the other ATM and I think that machine already had a converting currency from bitcoin into fiat, so we don't have to confuse how it works. The user will withdraw money in the fiat form, and it could be a local fiat form which they can use to buy something. Unfortunately, I don't have any experience for using that machine so I don't know exactly and maybe later if I can travel to the country which has a bitcoin ATM, I will try it.

in my own country there is also a bitcoin ATM, the way the ATM works is we send the bitcoin we have and the money(Fiat) will come out of the machine. besides that there are also many restaurants that accept the bitcoin payment method.

What are you talking about? Already there are many bitcoin ATMs in different countries across the globe. With their help, you can buy bitcoins (like some other crypto currencies) and withdraw your bitcoins (and some other crypto currencies) to fiat. So this is not a ghostly future this is the real reality.
Here is a link where you can find more information on this issue.
https://coinatmradar.com (https://coinatmradar.com)
As well as a quick visual hint:
https://a.radikal.ru/a39/1901/8e/ccc27a85bd53.jpg (https://radikal.ru)

The answer is yes if someone with a lot of bitcoins decides to do it they can do it and there would be nothing to stop them.

The problem is who would accept them and can they be stripped of the btc backing them.

Then how will the transactions be recorded? Someone with a lot of bitcoins doing something - doesn't that make the system a bit centralized. I don't think anyone will want that. Again, what will be the use of those physical currency note? That makes the usage somewhat weak. We wanted to transfer the coins from one boundary to another with ease and no third party being involved. Making physical notes will not help in that case. Again, its going to be a bit hassle  to identify fakes notes from the real ones.

It may interest you to note of that the bitcoin strategy has been acknowledged and actualized by a few banks. Not very far in the past, I read a post on this stage which worried on the realities that there are bitcoin ATMs in a few sections of the Europe and United States.

What for? Digital currency on the contrary invented to get away from these extra pieces of paper. Then why turn the bitcoin into cash? This is unnecessary, and it is unlikely to happen.

It will never exist in currency notes because the main idea why bitcoin was invented in the first place to introduce the best untangible digital currency to do transactions without any baririers but if we gives a physical form to bitcoin it destroy the main vision of it but if btc can exist in both physical and non physcal forms it might be a advantage to expand more into local areas in the world because majority of people doesn't have IT facilities but that is imposible to happen

Well, I think not! Bitcoin is the first ever digital currency and the strongest brand name of cryptocurrency. It gained popularity because of its digital nature. With the decrease in the value of fiat currency, people are more interested to invest in this market because it is free from all the government and banks control.
All the buyers and sellers can contact each other through technology and transactions can be made within seconds through the internet. Being said with that, I don't think its ever going to exist as currency notes.

I don't think Bitcoin will ever be printed out as currency notes. One of the main goals for the creation of Bitcoin was to make money handling very handy and to also avoid all the wear and tear features associated with paper currencies. Where lies the uniqueness of Bitcoin if it is printed as paper currency?

This is so spot on. I was also going to say that there are all over the world many ATMs already available. They operate on the same basis as transferring cryptocurrency via the blockchain the only difference being that you use a card for the transaction. There is no such thing as bitcoin notes or physical bitcoin coins and there wouldn't be because cryptocurrencies are based on code on the blockchain with the transfers being enabled via a combination of a public key and a private key.

Bitcoin is not like every other currency it's backed by the blockchain system.
And this makes it unrealistic of it becoming into a fiat note

Bitcoin existing in a currency note will go against it's purpose of creation. Bitcoin was created to break all boundary and that can only be achieved through digital currency. Making it into note will give it same disadvantages the fait currency we have today has.  Fait currency are old news bitcoin is the future.

Maybe a souvenir or for display in a museum would do but for daily use then that is merely impossible. What's the point of blockchain when we'll just go back using fiat that we are trying to dispose in the first place? I just know that bank can issue a commemorative just like that one but it's just a possibility.

Thats right, I don't think technology will go backwards. although cash is still a lot of users but bitcoin will never be paper,
digital will be increasingly used, this only takes time, because the process of becoming a mainstram takes a long time you know.

Coincidently, I've read an article about half a month ago, it said you can now buy Bitcoin at some grocery stores in the US. Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks. The kiosks will only accept U.S. dollar bills, with a $2,500 limit. To purchase bitcoin, users would have to input their phone number to the kiosk and insert their paper bills. They would then receive a code, which the customer would be able to use to redeem bitcoin by creating a Coinme account online.

Why not? I think some cryptobanks are already working on it. Once they create an instrument of implementing this idea and solve the legislature issue in particular jurisdiction, they will be able to place such securities on the balance of the bank account. Thus, bitcoin will be more attainable to general population.

It's not a question of bitcoin's Whitepaper - it's likely a legal question.

As a result of the high interest in bitcoin ATMs, banks may have wanted to take advantage of this trend and keep their customers by offering alternatives to their customers. Maybe, they are too late to do that and missed their chance. Since bank ATMs are widely available around the world, banks have a moderate advantage and if they allow bitcoin transactions to be made at these ATMs in a short period of time, they can recover their lost time.

If the bank does an extradition of the use of bitcoin then it will make a very big change. true as you say that ATMs can make very big changes. when there is an ATM it will make bitcoin more real and get closer to the lives of many people. we should wait for what will happen in the future. we wait for all that with patience and we will seize the opportunity to get multiple benefits in the use and investment of bitcoin.

I don't think so. Bitcoin is a digital currency and not a fiat currency so what is the point in making a physical representation of it. One of the main reasons why bitcoin was created was to create a fast mode of payment system without the use of physical money. So why on earth do you want to have a physical bitcoin currency.

in my opinion this bitcoin atm will attract money in the form of fiat and also in the form of transactions. for example, like withdrawing fiat money, the system will directly sell the bitcoin that the customer has at that time, or they can easily pay to use bitcoin through code or transfer like on a typical atm machine.

From my point of view, I understand that bitcoin is only but a decentralized virtual currency.
If bitcoin would be in paper form, I think Natoshi would have seen to that long ago.
Ido not think that bitcoin will becone paper money in The nearest future as that would defeat the purpose of it's creation.

I think exchanging our coins in a bitcoin ATM is certainly fiat money, not in the form of bitcoin anymore. because bitcoin atm is also not widespread yet. so it's still rare. Moreover, our goal sometimes to use a bitcoin atm can make it easier for us to exchange our coins into fiat currency.

Yes, Bitcoin ATMs can be useful to buy more easily bitcoin with fiat money. However, you will pay higher fees for the service. Much higher fees in many cases. If one isn't really a newbie, exchanges are always the best way.

If bitcoin exist in currency notes, then it will be no different from fiat money.
I guess bitcoin better stay in digital form than in currency notes because bitcoin is a digital currency.
You will have a higher chance to lose your bitcoin if it is not on the digital form.

It's not only the paper forn that differs Bitcoin from fiat money so with having Bitcoin notes they will not become equal. But no matter to that I really don't think there is any need for Bitcoin to get currency notes. Bitcoin is cryptocurrency, digital money and we are having towards digital world and era so the smaller amount of paper forms we use, the better. To my opinion Bitcoin should stay fully digital.

Having bitcoin in paper note will be a damage to its value as that alone will affect it safety and mining purpose for which the same coin will be in someone wallet and having the note doesn't state the owning of the coin , so I see no reason to have a currency note in bitcoin why sending and receiving is what generate the new coin .

There's no plans of making bitcoin a paper currency, I think that can cause devaluation to bitcoin. The Bitcoin ATM Machines are own my companies not banks and the function is to covert bitcoin to fiat and fiat to bitcoin. This is to make transaction easy for their customers and add more liquidity to bicoin.

If that ATMs was really existed in some parts of US I think it will automatically convert  into fiat once somebody attempted to withdraw it. We all knew bitcoin is a form of digital money and just a alternative money that can only perform in online trsnsaction.

We need new era where government will be allowed bitcoin as legal transaction payment, many time always faced with bitcoin and altcoin become illegal payment and make many country still banned for using bitcoin as transaction payment.

Agree, I think it's not a good thing to make the paper version of bitcoin, bitcoin is part of future technology, its function is to educate the public to use digital currency to be more efficient. becoming a currency note is not a good idea

Indeed, its hard to imagine if bitcoin printed in paper. Bitcoin is digital cryptocurrency and its created because hard to duplicate transaction. If bitcoin printed in paper money, there must be authorities to track the transaction and i think its almost impossible

For me it is possible (it was too easy to create some unique paper and put the logo of btc in it) but the question is will they do it? Let me answer it also ;D, of course not! Where is the essence of being a digital currency if it has a physical note? If it happens then it will be the same with USD, GBP and other currencies present, it is no longer different from the others. The bottomline is much better if we let btc remain on its form.

I don't know because in our country there's no Bitcoin ATM installed, so we can only judge and conclude that the operating system in Bitcoin ATMs seems likely to be the same as online exchanges which include buying and selling transactions and of course this's inseparable from the presence of fiat money in it, IMO.

I'm not sure about it, it is possible but there needs to be a central system who issue the same. And any country won't easily allow it get circulated all around. At present there were gifts which has got the bitcoin wallets bar codes printed on the metals. These resembles same as a coin. Even now it isn't no longer different from the USD and GBP. Only the physical presence is not available.

Find the answer to your question here: https://en.m.wikipedia.org/wiki/Bitcoin_ATM
Production of bitcoin hardcopy notes is actually of no use. We can't transact with bitcoin notes, but instead we can do so with paper wallet. The concept and working of bitcoins is entirely different from those of normal centralised notes so we can't really expect the notes for bitcoins. From my side, what i think is bitcoins can never exist in currency notes because of them being decentralised.

Yes there's no history on banks or notes but the history with us will flow continuously to the next generations. It will exist in the currency notes because Crypto become popular and some countries allows it to legally used as a payment as well as a normal currency. In social media advertisements is obviously known when it comes to cryptocurrency.

that's not what we all want, i mean that's not the objective behind the introduction of digital currency, so denominating bitcoin into currency notes will mean a deviation from the primary objective behind the creation of bitcoin as a digital currency. So when bitcoin is initiated into paper money, then decentralization is taken out of the picture.

i dont think bitcoin will ever exist in currency notes. the idea of bitcoin is to create an online money which can be moved at a very fast rate without boundaries. Having bitcoin in currency notes will only contradict the initial idea why cryptocurrency including bitcoin was created in the first place.

I totally agree, I think that bitcoin must always be digital in nature, it is what comes out of what is really known, we can not take it to a less advanced level, that is why I see it as a cutting-edge technology on any emerging economy. So much so that economists who have done their studies in universities, are not able to model a behavior, because it simply comes out of all logic.

Why on earth do you wish to see bitcoin in currency notes. The main reason behind the creation of bitcoin and other cryptocurrencies is to get rid of using fiat currencies to make transactions so why on earth would we want to go back with physical cash. Then it would be better to have stayed using current fiat currencies.

information about the BTC Atm in my opinion not so many know. the problem is that in every country there is no btc Atm. so sometimes friends who are here confused to say how to use it, the problem is that only some people have used it.

I'm not sure about it, I remember in an article described about a firm creating cryptocurrency in the paper form. It isn't same as the way of common currency. Possibly this initiation will help common people who highly use currency as using cryptocurrencies need some basic computing knowledge.

There's no such thing as Bitcoin notes today, whenever you withdraw your money from an online exchanger or an Atm your option is a paper money of your choice depending on your location, I can't imagine what it would look if we had a bitcoin note.

I don't think it's going to happen Bitcoin notes or fiat they have a huge difference, if this happens then there will be no decentralization because all form of fiat are decentralized and only a government can issue them, and people will counterfeit it, so who will run those counterfeiter

As many here has pointed out, bitcoin atms don't work that way. You put fiat in them and you get bitcoin sent to your wallet. Granted I've not seen one in my country but I believe you can't cash out with them. And that's not needed, certain banks allows you to cashout your BTC as fiat.

Now regarding bitcoin "notes", that kinda defeats the purpose.

No. There are no bitcoin notes, though there have been coins minted in the past as collector's item. You don't withdraw bitcoins from these ATMs, you basically exchange your fiat through them. Bitcoin ATMs are usually cash-in only but I read there are two-way ATMs out there.

something that has already happened for a long time, is calculated from the instant bitcoin exchange rate, or the money can be deposited and bitcoin can be taken. I had a bitcoin atm, 5 years ago at my airport in my country but they removed it 2 years ago.

Ya it is really true that when bitcoin is used like fiat currency then automatically it will lose its valuation as it is a digital currency which is operating online. BTC ATM are working like online transaction which it will convert it to your fiat currency and then it will output the fiat currency from the ATM. If i am not wrong

Bitcoin was developed as a digital currency and it will remain as such. One of the major factors which makes Bitcoin better than the paper money is that Bitcoin is less cumbersome to carry - the paper money requires huge wallet or a bag in other to move a huge sums of money but with Bitcoin, handling is much easier and convenient.

I don't want this to happen if this happens then we will lose our decentralization feature, only government or a company can issue a note and it is bound by laws and terms let's keep the same way you have Bitcoin and you can trade it to fiat money but never create a Bitcoin note, it's a disaster if it happens.

its not a disaster but its a good idea imo . we know that cryptos/bitcoin wont work offline but if crypto will have a version of currency notes  . we can now use them in double purpose and there is no need for us to exchange our cryptos to fiats .  that also means that we can save alot of fees for trading however if the notes are issued by a government or a bank ,  they still have the ability to taxed us  . idk if tax is cost more than the transaction fee 's .

One of the largest banks in our country is a supporter of Crypto Currency/Blockchain technology and they have already launched the first Bitcoin ATM machine in the country but only in some locations and not all their branches have that ATM machine, I also wonder if a person can actually withdraw cash from it or it is only a one way machine just like what you have said. I'll go research later about the Bitcoin ATM in my country if it's a one-way type or a two-way type. 8)

I don't think that would ever happen, since that would just defeat the whole purpose of a decentralised cryptocurrency as it would have to be controlled by the government.

Who is the bitcoin target if bitcoin becomes paper? Common people? I think they are comfortable using fiat already. Of course we don't need changes or additions to that version. I have been very proud to use the currency part of future technology (digital currency)  and do not make us disappointed by making bitcoin like paper

Not only in Europe and United States actually all over the world there are Bitcoin ATM

And these days Banks are offering and soon to Open a Cryptocurrency Machine in which purchasing bitcoin and also legit altcoins are available

Its not in form of fiat instead cryptocurrency is what they offer

While It is very sacrosanct that you should form a longing for reading, Bitcoin ATM is just an avenue or a means by which our Bitcoin is been exchanged to fiat currency and from fiat to Bitcoin as the case may be and it has nothing to do with banks.For bitcoin to exist in currency note will mean that decentralization will be compromised.

    It is a good question that Bitcoin ever exist in currency .Even though Bitcoin is not a physical currency that can be carried in  as fiat currency .  .Bitcoin is an online currency that is a computerized program and it updates public record of every single Bitcoin transactions.Bitcoin is transferred through online without having to pay for a trusted third party like the banks .Bitcoin is volatile and bitcoin has to be a stable store of value that people use to buy things with Bitcoin .Bitcoin is at the moment more of an asset than a currency .Bitcoin could replace fiat currency .and cannot be manipulated .

Bitcoin was introduced to solve all the issues that we have with physical fiat currencies and  now you are speculating whether we are going to have a paper form of Bitcoin. Anyway i don't think this is a good idea and i know most folks in here would agree with me. Transaction in digital currencies is very safe and fast so there is no need to create physical forms of cryptocurrencies

but if the era progresses, electronic money can become a legitimate currency and can be used by all countries.
We all know that this world is growing rapidly and technology is progressing so that people will prefer something more practical, for example Bitcoin.

Agree with this statement 100%.  One of the main points for BTC was to eliminate any physical handling of monies so I see no purpose in going against that thought process.
I think it would defeat the purpose of the concept and technology of BTC if they started printing it.
Sure its ok to have crypto collectibles but dont think they will ever be accepted as legal tender as a cash transaction.

Even if that exists it won't get accounted as a legal tender of cash, but it'll get its physical appearance. Even now in its digital availability it is being used and accepted by the limited user community. The same could happen when it gets the physical state, and some people who find it difficult to use bitcoin digitally might also get into the use of bitcoin with its physical currency.

The initial idea of bitcoin is having an online money which people can use to make all kinds of payment and transactions across the globe with speed and ease. Having bitcoin in currency notes will contradict the initial plan in which bitcoin was created in the first place. I don't think bitcoin will ever exist in currency notes. It will remain an online currency.

Bitcoin is in the crypto money market, not in the fiat money market. This is what distinguishes bitcoin in trading because it is converted in USD, so the value of bitcoin with USD will always be related.
In relations between countries, bitcoin is not included in the currency that can be used because there are still many debates about bitcoin, where fundamentally, bitcoin is considered not feasible as a currency. Of course the opinions of one country are different from other countries.

That is just like going back to where we at before. I think there will be physical bitcoins but serve as a commemorative coin but it is very impossible to have or make a bitcoin that exist in currency notes.  It will just create much more confusion when most people know that btc is for digital transaction only.

Currency notes remind me paper wallets for bitcoin with a QR-code placed on it. If one can code a private key from a cryptocurrency wallet in the form of QR, then you'll be able to pay everywhere crypto is accepted.

There are already a couple of ideias following this topic's subject.
I believe last year they a couple of them were already made but in a eletronic way where you would use them in some machine and use their linked addresses to receive and store funds.

I doubt if bitcoin exist in currency note. Its more easy for scammer to duplicate bitcoin in note but not in blockchain. GBP or USD note always printed with reason QE. I am believe bitcoin created by satoshi to avoid from corrupt system on our banking system

I too came to know about it with the QR code being printed on the currency. I'm not sure about the same. I came across coins which carry our wallet address, this is provided through the goods and services section with universal shipping access. It resembles a coin with bitcoin symbol and wallet address molded to it. More users preferred it for gifting. There isn't any big usage same might be with currency as well.