Bitcoin Forum

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.
 Read the full details here.
https://www.reuters.com/article/us-usa-crypto-currencies-atms-idUSKBN2B714L?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

But I do not expect nothing below or lesser than that. Bit is used as money and assets. I'm sure most gas stations have means of getting cash around them, so why not bitcoin? I'm not surprised because we are already on the journey of digital age and bitcoin as means to financial system.

These things have started to be non-news, more like adverts for the companies installing them, make a quick interview about a company, promote it and classify it as news. The most important thing in all of this is one line:


At those rates, those things are starting to target one-time shoppers, fleece them as much as they can, and then to the next buyer or more like victim rather than focusing on volume and on dedicated customers. Just for fun, I looked two weeks ago at a Batm, the fees were not that bad at 7% but buying 100 euros worth of bitcoin wouldn't get me 93euros in my wallet because they would also charge me close to 15 euros for the tx.

If they keep these things up and go full KYC on every purchase they will soon be left with no customers.

What new development are you talking about?

A gas station has nothing special, it's commerce that can host a machine like many other types of commerce. Not even something new, I even remember someone here (@ThePharmacist maybe) who posted a thread to share his experience, and if I remember the photos posted he was in a gas station.
It is only a good location to choose from as there is a lot of transit.

Bitcoin ATMs are becoming popular in the US. since the last 2 years, it's perhaps the country having much of it with over 10,000, and it's not a new trend


With the 'outrageous fees and the KYC, I still don't understand why people rush on it. Like if we didn't have an alternative to it  ::)

ATM bitcoin on gas stations or on shopping complexes doesn't make much difference. Because all are a public place and pretty easy to use as well. Increasing Bitcoin ATM means it easier to use your funds although transaction fees are quite high, at least there is real use. Bitcoin ATM is effective adoption for bitcoin. As much as Bitcoin becomes easy to use the value will increase rapidly. The value doesn't mean the only price, value fully depends on the community. Hope soon we will see more Bitcoin ATMs everywhere.

I have the same thought, Bitcoin ATM exist on different kind of places years ago but this is also nice that they are starting to promote their product which is the "Bitcoin ATM". It helps the community especially those who are interested in giving it a shot for them to experience it.

It will be hard for them to sustain their business if they charge this kind of ridiculous fee to their customers. I tried bitcoin atm in my country but the fees were not large as this. For me, it was a nice experience but it's still more cheap buying thru online 3rd party sellers.

One of the cons on using up these ATM's where fees are absurdly high where a certain Bitcoin user would just rather on using up his fiat than on wasting up his precious coins or would tend too
buy in much lesser fees in platforms even though it cant really equalled out when it comes to convenience that it gives but this is just actually a person reference if he would deal up with that or not.

You are right that when it comes into these kind of headlines or news then this one turns out to be some sort of advertising on some companies but well, as long it do shows up some
action of adoption or integration then this one still to be considered as a good one.

Yep, that'll be a serious deal breaker for many potential bitcoin buyers.  As it stands with CoinFlip machines, you can only purchase up to $900 worth of crypto without having to scan your ID if I'm not mistaken.  I just used one recently and made a thread about it.

Funny you quoted the fees from the article, because I was going to do the same thing.  The CoinFlip ATM that I used had fees of less than 7%, which I was fine with.  Other ATMs I've used were just outrageous, plus they required a scan of my driver's license. 

All in all that was a pretty interesting article, and if nothing else it keeps bitcoin in the news.  I'm sure they're still a novelty for most people, and I'm also sure most people who see them in gas stations, liquor stores, or wherever won't actually use them.  But for those people who can't use exchanges like Coinbase (me, for example, because they nuked my account) they're certainly a convenient way to buy crypto. 

Its sort of a trade off, you get the convenience of buying Bitcoin at an ATM without KYC
but you pay a premium for it. If they do start requiring ID and go down the KYC route they
lose their niche.

My view on Bitcoin ATM's has always been positive, they are advertisement for Bitcoin,
and as more and more pop up they normalise the use of Bitcoin, thats my opinion.

Let them keep fees that high, not only they will not get any repeat customers but the few that want to keep buying very soon are going to figure out that a peer to peer trade done face to face is probably way cheaper than what those ATMs can give you.

As you say if they had a real interest on trying to get as much money as possible they would be focusing on getting volume, for example there are gas stations that charge you a cheaper price for the gallon of gasoline and they do this because they are expecting for their clients to notice and regain that money with the increased volume on sales they will get and the same principle would work in bitcoin ATMs and the fact they are not doing this proves they do not really care that much about the volume they will get out of their ATMs.

Good news as usual. When there are some adoptions that happen in any place, let's be happy about it and think that it's becoming more known and popular these days and this is what we need to gain more adoption.
I still got no experience in using a bitcoin ATM as in my place there's not one in existence. And I'd love to use it someday so good thing for those folks that are near to this gas station and other places where there's an existing bitcoin atm.

The transaction fee for those ATM services is going to be regulated as soon as there are more Bitcoin ATMs that will popup and most fundamental regulations about cryptocurrency has been discussed. Hopefully by regulated I mean is that the transaction fees will go down that it is worth using. What we need is for conventional ATMs to have the ability to do transactions with bitcoin besides fiat.

This ATM cult is the US always amazed me. While people often wish to pay by credit card, or use watch/mobile for payment, or become more independent from cash, almost on every corner of the street there is an ATM. I just dont get it. Even when I was visiting US and used $100 bills (they are most frequent to given during exchange in my country), people looked weird on me. And now I read that more and more Bitcoin ATM appear.

I think we will continue to see news like this much more in the future and it is one of the important things for Bitcoin adoption in as many countries as possible. And it is also a smart thing to put a Bitcoin ATM in a gas station to draw people's attention to it and incentivize them to pay with Bitcoin.

Bitcoin ATMs have become a past topic as there is no coverage on large scale about such news in the market but it's good to see that more locations are adopting Bitcoin ATMs such as gas stations where it would caught the sight of more people rather than Installing them at some obselete places.Here see list of Bitcoin ATMs around the globe:

 Locations of Bitcoin ATMs around the globe (https://coinatmradar.com/countries/)

There are thousands of them already installed in most of the countries due to increasing demand and rising Bitcoin popularity.

Installing a bitcoin ATM was a great concept until over time, people realize that the fees by using it on small amounts and on-the-go isn't really worth it. True that there are a lot of those installed all over different places right now, but I wouldn't be surprised if it's not getting any transactions for a week or if the numbers are lackluster than what was initially projected by the organizers.

The hype around bitcoin ATMs are slowly dying out that most people do not consider it relevant anymore. I mean it's cool and all, but who's really going to be using them with those fees anyway?

this is an extraordinary discovery. because with the Bitcoin ATM at the gas station it can make it easier for motorists to withdraw money and make transactions. but in my opinion this only exists in a few countries and not all countries are able to implement this system due to regulatory constraints. so I think this is a good thing to implement in the future

Really a good sound to hear.  This has demonstrated the increasing recognition of bitcoin across the US, gas stations, airports are gradually appearing bitcoin ATMs.  Obviously, the bitcoin pull is prevailing and has a really strong impact, and $ 61.6k is not a stop but a temporary dock before correcting it will produce new ATH.  This is a pretty clear statistic but the one I hear is that it has grown by almost 28k bitcoin ATMs.
 https://coinatmradar.com/country/226/bitcoin-atm-united-states/ (https://coinatmradar.com/country/226/bitcoin-atm-united-states/)

The owners  ;)
There is a dark side to those Batms that people would want to ignore and that they can be used for money laundering also.
Of course, not with the 20% fee, but what if you install a machine, your "friend" buy and sell bitcoins but since he's your "friend" the whole fee is just a number as at the end of the day the money is still yours. I remember one case in Spain that was quite funny, there were two Batms in a 2 by 2, 4 square meter shop that managed to turn 9 million euros in 3 months, just lol

I wonder how long it will take for gangs to realize those atms are the best money deposit boxes in the world, you get some cash from different activities and instead of trying to hide them from each cop that comes near your workplace you stuff it in the atm.

I'm sure that the number of shady Batms at this moment is quite low probably less than 1% but as things are going and with ease you can buy coins cheaper and faster using different methods probably the percentage will skyrocket, and that's when this will start gaining some unwanted attention from the government.


Nobody is paying for gas with bitcoins there.
It's just a Batm where you can buy or sell bitcoins, you can't pay for the products in the gas station with crypto, it's just another vending machine.
 

I saw some replies that said the fee is ridiculously high? Well i think i'm kind of out to date, since i never knew bitcoin ATM in gas station is a thing, but seeing the replies here seems like it's common already. However, if the fee is that high, ranging from 6-20%? then i doubt there will be many people who want to use that. Well maybe it's an inovation, a trend, and such. But is it really effective and efficient? will people really choose to use bitcoin atm instead of cash or others? I'm pretty sure that it might work better if the fee is lower, and of course it's a good sign already if btc is used commonly in lots of places now.

I have heard about Bitcoin ATMs, crypto all over America.  They have many and can be exchanged for crypto trading, but the problem with a transaction is that the cost is too high for a regular withdrawal.  From a few percent to tens of percent is too absurd and unsuitable for regular crypto adoption.
The next problem is that transactions on the Bitcoin or etherum network will give confirmation times longer than regular transactions.  So crypto trading is no better than cash in this case.

That's good but the people need to make use of the crypto debit card also , at the same time I do believe that the ATM should have a lot of customers who already know about Bitcoins and how to use it. Right now the shop might see a very limited usage. At the end of the day I do believe the ATM also have to provide good rates because now a days the market is quite competitive.

I do think they should also do an indepth analysis of how people use it in what sense. The charges need to be taken care of for sure. Then only will people use it and at the end of the day because the currency exchange is really fast (instant in many cases ) now therefore I do think they would have to somehow stand out.

This startled me to be honest, that's numerous ATMs which makes me curious on who uses them. To be honest, I don't really find much purpose for them, the fees are way higher than any exchange out there and require much more effort in order to obtain/sell Bitcoin.

yes, literally. they want bitcoin, not cashing it.  ;D

and is it includes the bitcoin transaction fees? because these 6-20% fees are insane.
there's no information about the lower and upper limit for the transaction.

IMO, a bitcoin ATM at a convenience store or gas station is more for consumer users, who are there to buy something with bitcoin because they don't have cash.
a crypto POS app could be more suitable for these transactions.
but I am not sure if they can get cash with POS.

Bitcoin ATMs are ideal for money laundering if you are not a mafia boss. For the mafia boss is unlikely to pay such colossal commission costs, at least if he is not an idiot, then he will listen to his Consigliere and will make payments using the #LightningATM (https://bitcointalk.org/index.php?topic=2217501.0).  ;D Although I am sure that in some countries, if there is no clear regulation in the near future, a total ban on such devices will be applied.

It is normal and I know that eventually the spreading of this bitcoin atm will be happened worldwide despite that we all know bitcoin is very popular these days especially today that the price of it is very high. Just imagine that those who are getting or buying gas in the gas station doesn't have a money then they can pay those gas through bitcoin and because of the help of this bitcoin atm, the massive adaptation of bitcoin also increase. Hoping that in the next few years, many people will adapt bitcoin as an money and an assets.

This is another step forward to bitcoin ATMs. I'm still waiting to see how the other countries are going to accept bitcoin and we see more bitcoin atm devises in all over the world. From 2010 to 2021 everything changed. People have much more interest to bitcoin and they are usually buying bitcoin as safe investment for long term.

Why do you assume he is going to pay such fees?  ;)
Do you think they ask their own cafe for protection money? No, they will install their own machine and although the mules will take a hit from the fees in cash, the company that claims to run the ATMs will make a profit and more importantly, legit profit!
They are not stupid to use a random machine for that, everything will happen just like with casinos, where they own everything.

And you know what's the funniest part in all of this?
They don't even have to sell the coins, the guy comes after closing time, runs a script faking transactions, puts inside 50k, and then the next day the accountant writes down, got from selling 45k worth of BTC 50k in cash, then the company goes bankrupt, another one pops up, rinse and repeat, it's already happening and many have already been seized by the police for such schemes.

The worse part of it is that they actually don't even make use of Bitcoin but guess who is going to be blamed as usual for all...

Exactly this.

I mean, I am glad to hear that amount of bitcoin ATMs is increasing worldwide, but at least in my country they are not as popular as they used to be simply due high fees. I am among those who stopped using them as better alternatives appeared. For example, we have bitcoin store where you can buy & sell up to ~$2,300 worth of crypto every day without any ID, and all that for fee that is at least 20-30% lower than at the ATM. So of course I won't think twice what will I use for cashing out or buying as all those fees adds up.

The presence of these bitcoin ATMs will drive other people's curiosity.
And at least try what is going on in this machine.
For those of us, that know how to cash out without spending such amount of fees, ATM is really not our option.
But the existence of these ATMs may drive adoption one way or another.
It is the same as going to a convenience store like 7-11, we know that their prices are quite higher if you compare it to supermarkets.
But still, we got to these stores for convenience. And so with these ATMS. Some will people will use it for convenience even with high fees involved.

Bitcoin ATMs are quite common where I live. Like you will see at least one bitcoin ATM on every major spot. Good thing that they are setting up more ATMs. The more bitcoin ATMs, the more people will know about this. At least people who don't know what bitcoin is will end up being curious when they see those ATMs and may look it up later. Who knows, they might even start investing because of that one ATM.
But I doubt you will be able to pay for your gas using bitcoin. Imagine you have to wait more than 10 mins (lets not talk about the situation where the network is congested) for getting a confirmation.

I am so happy to know many more countries allow many more ATMs installed in their area. And many more countries legalize Bitcoin as currency as one of the payment methods.
This is very different in my country where Bitcoin and also cryptocurrency is not legal as payment method.
But fortunately, they're legal as digital assets or commodities.

However, I found that there are several ATM Bitcoin also in my country.
Well, aside in my country the development of Bitcoin ATMs around the world is so fast and we can track it much more installed.
It means that many more people concerned about using Bitcoin ATM for any transactions or utility. It may be mainstream someday

I have already read about Bitcoin ATMs being present on some cities that are intended to make people be more accessible on getting into Bitcoin through nearby ATM outlets present on their places. Well the existence of such machines is already a great example of how Bitcoin adaptability is being presented to the mass crowd to be able to let them know Bitcoin existence. Now with regards to Bitcoin ATMs being installed into gas stations, that is already a great innovation on how users can be able to make use of their Bitcoins upon purchasing gas wherein they can directly make payment through their Bitcoin. I just do hope that this may be present also into other places soon.

Unfortunately, it is very different from the situation in my country. Here, Bitcoin can't be a payment tool, so we only have 3 Bitcoin ATMs in my country till today. Those 3 Bitcoin ATMs never improved because people just use the Bitcoin ATM for buying, while buying with Bitcoin ATM requires more expensive fees. So, the number cannot improve and people aren't interested to use it. Well, this makes no Bitcoin ATMs in the major spots like in a gas station.

Bitcoin ATM in a gas station is a significant improvement in the BTC ATM sector, I used one recently in a Miami nightclub. But the major challenge is the KYC security process, which requires personal details. Such as scanning your driver’s license and ID number.

But it’s an excellent development for those who don’t care about privacy.

Maybe if these ATM created their own cards so that you don't have to worry about scans of your personal details, Iove the idea of this one but the only available bitcoin ATM doesn't have the ability to do some bitcoin to fiat transactions, maybe if a company were to improve upon the bitcoin ATM hopefully we can see one or maybe there is one already and I haven't heard of it yet.

They've been popping up in the weirdest places. So far I've seen bitcoin ATMs in an organic health food store, inside a surf shop and then also a tattoo parlor. We went from having none to several in the course of a year. I notice that most such ATMs around here are made by CoinCloud and serviced by BitAccess... They seem to be the Ford Motors of bitcoin ATMs.

i grateful to live in a country that is not hostile to Bitcoin so we see many BTC ATM machines in crowded places.  over the last ten years, Bitcoin has grown enormously.  hopefully, it will spread throughout the world.

sorry for what happened in your country, people's understanding of Bitcoin is not evenly distributed around the world, your country may still not be aware of or are studying the benefits of Bitcoin.  wait a few more years, maybe it will be different in your country.

I remember a thread made by "The Pharmacist".
There are numbers of ATMs that don't need KYC verification as well.
Here in my country, I am not sure if those rare ATMs I can see in the metropolitan area even require KYC, but I am pretty sure they are because government here is aware that cryptos are being used for scams by different people.

Not every ATM draws lines of customers, it is true. And may be someone will consider the fee variety diapason not suitable, but in my opinion it is good that such ATMs appear, and the opportunity to use them appears for those who will prefer ATM to online payment. All in all in case lots of people that visit gas station may prefer to buy in some mini shop there something to eat instead of water. It does not mean that the water should not be on the shelves. There will be some clients that will search for water. And it is good that people of businesses or companies think about different things that can make their business to get on higher level. Because crypto gives such an opportunity.

In first world countries it is possible to see more number of Bitcoin ATM. In terms of usage people aren't much used to it because of its increased fee. I'm not sure of it, based on one of my friend residing in first world country got to know that transaction costs almost 9%

If thats true then there is no use of implementing more and more number of Bitcoin ATMs all around and on gas stations.

Only 1st World countries will be experiencing it a these times, in my country wherein adoption were too slow it's quite hard to know whether there is active Bitcoin ATM. I remember visiting one before which is partnered in one of registered bank in my country but the ATM is not active that time since only few were using it yet what we focused more now is having more crypto or BTC so when adoption happens we already have more than enough to use.

This is a way of advertising, but it is unlikely to have any practical application in reality.

This is very interesting to be used as motivation by many countries in the future. but I think the placement of bitcoin atm gas stations is not very convincing, I see if the placement of atm is better at the airport or at the station because there are places that are always needed by many people.

If we can not use bitcoin in our country to buy in a local store, that means we can hold bitcoin in a safe wallet and only waiting for the bitcoin price to jump to the high price. That means we will make more profit than using bitcoin to buy the needs that we want. It will make sense for us to save bitcoin from the way we earn so we can have many bitcoins waiting for the right time to sell.

Sooner or later, if our government can realize the benefits of crypto, they will accept and approve the use of crypto in their daily lives. We will see the ATM available in many places.

For a gas station-like business, I would suggest a faster and cheaper cryptocurrency like TRX or XRP or even LTC is a good option. I don't think anyone will specifically use the ATM to get money and pay to the gas station. I have seen the numbers of crypto ATMs popping up in the USA and it's really promising however, it will definitely raise eyebrows of some federal agencies who will start thinking that anyone can launder money here.

What I'm really expecting with regards to the adoption of cryptocurrency in our society is more investment in BTC coming from private sectors and businesses. Yes, it's actually great that something like BTC ATM exists and other services allowed BTC or Cryptocurrency as means for payment, but it's nothing new when we're talking about the new development.

I'm glad to see reports or updates about bitcoin ATMs spreading in many places that can really boost its adoption.

I remember the first time I've read a certain article about Bitcoin ATMs in Africa, I knew it! That's the start of bitcoin adoption through easy access bitcoin ATMs.

Hoping that I can soon access or experience using it so that I can share to my friends how Bitcoin atms work and how convenient it is.

That's the most unlikely place that someone will launder money, I am sure that gas stations have a lot of cameras and ATMs itself has a built in camera so I am sure that the people who are going to launder there is going to be a sitting duck for IRS. Or maybe have the ATM accept a variety of coins instead of having only one.

clearly the ease with which to buy gasoline with crypto will make it easier and obviously add to the confidence that is given. but whether the transactions carried out will not be disturbed by the value that continues to move because crypto is unstable. it seems that there will be differences in prices that always change at any time, when using crypto.

but I do not believe that at the gas station there will be money laundering there, because it is clear that it is easy to monitor because it is impossible to buy gasoline at an excessive price with the capacity of the existing vehicle, not yet with the CCTV that continues to monitor if there is indeed any misuse of the transaction.

This will Boost us more , Imagine that now even In Gas station there is an ATM for bitcoin ? so what more if this will be implemented in the whole world now?
In my place there are only limited ATM's that allows cryptocurrencies and only placed in strategic locations but i know that soon we will be having the same as what montana Has now.
And this is what we are all looking for , for the adoption .

If african countries and asian will have those machines , then this is indication that we are soon be there.
Is there no available in your place up to now? i have tried several time and yeah its fulfilling .

I believe this is a really great development not only for the crypto community but also for the mainstream world at large. One of the limiting factors in the adoption of bitcoin is that it cannot be used as a currency. However, now we can see that that us changing. The fact that one can buy gas with bitcoin will help fast track the adoption of bitcoin and other crypto which is what every bitcoin users want.
At this rate, I believe so much that it wouldn't be long before bitcoin becomes the number one currency in the world.

No wonder it is quite rare in my country, though I am not particularly sure if it is taxed by government on those types of businesses in here.
I am even sure that government would require their issued IDs before one could transact in those ATMs. I just hope it doesn't one day cause that is quite annoyance and imagine being in a line and it takes too long to verify one's ID.

I dont think that a gas station is a suitable place for a Bitcoin ATM. No doubt it will be convenient to buy some Bitcoin when tou fill up your tank, but I thinj Bitcoin ATM need more popular place. A place with where is a big flow people passing by. People dont usually spend much time on a gas stations. They usually visit them for 5-15min and they wont have a great desire to figure out what ceyptocurrency is, what is crypto wallet and how to buy crypto.

To be honest, I am not surprised for a second. We already seeing related news previously. World becoming modern day by day. So it’s normal to see BTC atm in public place. We can expect, We will use cryptocurrency for every payment very soon. Cz, Already Some government becoming interested in btc.

If there really with Bitcoin atm at the gas station this is a great progress. Bitcoin came to a large number of people. Many people need to dump gas to serve their travel. But many places in the world have not installed ATM Bitcoin gasoline. I am currently in Vietnam and this country is hard to do that.

The United States is a good candidate for the massive adoption of bitcoin and cryptocurrencies. Pomp has been a great spokesperson for this idea in addition to the fact that history claims it. I am referring to the origin of bitcoin and the struggle to exist in that country. As the US dollar is the main world currency, this nation by hegemony could very well adopt bitcoin. IMO the citizens will do it before the rulers prevent it.

The fee involved in doing such transactions will be lesser if carried out with the normal fiat currency. Owning Bitcoin ATM in a gas plant could be a nice business idea not for the sake of paying for gas with it. May be for other purposes like acquiring coin, checking the current value of your coin and lots more but not doing direct business

Bitcoin ATM has been a good invention in recent times as it helps people with the ease of making either deposits or withdrawals of their coins. Then people who are travelers get to relate with systems alone leaving out the need for locating fiat ATM machines and driving around town to get  that. The business part of it is also great as you have more passengers patronage as they take advantage of it and save their time and stress.

Bitcoin ATMs aren't a new development, the first one was launched on the strip in Vegas in 2014 (there are many others who claim to have the first one around that time frame in other places). Since then, they've grown rapidly. If you want to learn more about Bitcoin ATMs then check coinatmradar.com - it'll tell you everything you need to know.

We will hear more of these news day by day. Bitcoin is slowly starting to enter every person's life. Who knows, maybe all cash machines will turn into bitcoin machines in the future.

I want bitcoin atms to increase more and more around the world. With the increase in these ATMs, bitcoin as a coin that appeals to the eyes may be more attractive to people. And as coins, we can also destroy the bad thoughts in their minds by creating a different perspective for people who don't see it as the real thing.

Bitcoin ATMs have been existent even before the massive adoption and price pump last year. Although of course because of the aforementioned eventualities there seemed to be an increase in number to cope with the increasing needs of people to transact through bitcoin. But I don't think they will be as ubiquitous as regular fiat ATMs just yet. We needed the adoption to come first before these people see the need for these types of ATM

In Tallinn, in Estonia, more condom vending machines can be found in cinemas and sports clubs these days. This must mean that sex is becoming more popular!

LOL. https://bitinfocharts.com/comparison/bitcoin-transactions.html

My arse.

The number of Bitcoin arm keep increasing globally the awareness of bitcoin keep getting to the mainstream and a lot of platforms keep adopting bitcoin and other cryptocurrencies. We have about twenty four bitcoin ATMs globally, you can get the real statistics here:
https://news.bitcoin.com/number-of-cryptocurrency-atm-locations-24k-worldwide/

ATM in the gas station. Haven't seen one yet although I live in another part of the world. So far we only have them mostly in malls/shopping centers, but I'm sure they'll spread out.
I'm more interested in paying with crypto at a gas station though. :D

Adoption with Bitcoin is increasing rapidly though out the world. We have read many news and articles about Bitcoin ATM. It's a new revolution to the crypto i think. Car users, Drivers can buy gas and pay with Bitcoin which is good for crypto users. I haven't seen any ATM booth of Bitcoin in my reign but i hope we can see Bitcoin ATM in our Indian Subcontinent very soon.

Bitcoin usage is increasing but I'm not sure the government in the future will allow traditional fiat atm to be replaced with bitcoin atm...

I think atm machines around the world will be able to give users options whether they want to withdraw/deposit money with Bitcoin or fiat. I myself am really looking forward to the bitcoin atm machine being in my country, it will definitely be big news.

The innovation is nice and a very much welcomed one for sure. I've heard of bitcoin being used in a number of places but, at the gas station is one place I've not seen the use, judging by the wait time it would take to confirm transactions and actually getting your gas but then, I come to understand that, this innovations goes far above the services for which is rendered by the machine itself, its a sort of innovation that actually justifies claims that bitcoin isn't a scam, isn't an insecure project and could be used in an everyday life as well. Innovations like this in the public is a good boost of curiosity in the minds of the public and who knows, a lot of persons would want to try it out thereby, bringing in more and more investors.

Those fees are rediculous how can they charge as high as that? I am sorry but for those saying that Bitcoin atms are good they are not if they are charging that amount that is robbery and you should not be paying any fee. AFAIK the atms work by querying a API from a popular exchange they do not do the converting themselves and they do not deserve to charge those rediculous fees.

And they are left without customers. My friend has a cafe in one small country but his cafe is located in a very prestigious area where you'll often see the tourists. They not only walk near his cafe but they also usually hire the apartments in that area. Tourists are mostly from Russia and East European countries and there were times when I was often in his cafe during the day.

I have never seen tourists or local people using the Bitcoin ATM in his cafe. Once, an old woman came here and asked us to help her in paying of bills :D I have said this story already in past. I can really confirm that no one uses that ATM, it's not profitable, have never been too but idk, it's still in his cafe and the owner of that ATM pays him the rent price.
Also, there was one crypto cafe opened in another prestigious area. My GYM was in front of that Cafe, so, I was seeing that cafe from outside every day. Sometimes I was even visiting them and you know what's funny? No one was paying with crypto but with cash :D

Why would really people been thinking that it should replace fiat ATM's if both things could exist on the same time on where people could have an option?

Yeah, this might be requiring more adoption rate to be seen these atms on lots of places but at least we are seeing some progress on where recognition of its existence then that would

already be a considerable thing that we are really heading on that one.No matter how hard it would be accepted in some countries but not all would really be ending up on the same decision.

An ATM installed on gas station and getting access to pay with bitcoin shows the progressive market and the advanced thinking of the Gas station owner who have come up with this plan.

It is clear to know at present it won't generate big revenue, with time it'll give good profit in the future. Because, now people have got the free access to pay for the gas, if paid with bitcoin it'll cost atleast a 10% fee which is really big and very few who are much passionate using bitcoin unlike its fee go for it.

Wait a sec.. Are you saying they've started accepting bitcoin on petrol stations?
In 2010 a good internet connection was a big deal let alone people accepting bitcoin anywhere and after 10 years it's officially accepted in petrol stations, quite a progress.

Can you tell me which country or state is doing this?

Its more of a promotion for the companies installing these ATMs. This is good if the gas station alo accepts BTC as payment so it will make sense.

The gasoline station has warnings about not using phones though whenever near the pumps. Hope we won't be seeing news about gasoline station explodes because of BTC payment. That would be a worse fud news 😄

This information is nice to read and it brings hope and positivity, soon all these Bitcoin ATM's became an ordinary scene in most countries around the globe, and if more and more people will be using Bitcoin in every country I'm sure the politicians and their respective governments will consider it as an alternative currency/asset other than fiat and those atm's will not be only limited in gasoline stations but in all other busy places in every city and every country. anyway, it was just part of my positive opinion.

actually this is a good thing it's just that in my opinion is how to apply oil prices and bitcoin prices. because the price of bitcoin has fluctuations up and down. if it doesn't match I think there is one party who is at a loss because the price is different

Do you know that after reading the subject topic I thought I will open it and see a different story but I was flabbergasted really seeing it's true. This is really a positive development as well as awareness for bitcoin.

Unfortunately this will not happen in my country. They do not prohibit the existence of bitcoin, it's just that the government says bitcoin is not a legal tender in our country. Even though the development of bitcoin ATMs is really very good, considering there are other functions than trading.

Big businessmen have seen the light for the future of the company, bitcoin has become their hope to take one step forward. they have started to adopt bitcoin and become a medium of exchange in transactions at every opportunity.
some countries still refuse to use bitcoin, but big companies I don't think they are stupid, will definitely adopt bitcoin quietly and become company assets in the future.

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The picture comes from the Internet. I find it very interesting and convenient.

Cool and exciting to see new bitcoin ATMs in different models and sizes, but I will appreciate it if you can state the locations of those ATMs so that members around that location can know these developments.

bitcoin users, the more evidence there is atm bitcoin at the gas station here, we can feel that in the future bitcoin will definitely compete with cash, maybe even bitcoin in the future will be easier to transact compared to fiat.

Well, unless the government regulates them, we will have a hard time predicting correctly the future for bitcoin ATM because as of now, these bitcoin ATMs aren't regulated yet but you are right that with more accessibility for bitcoin, that it will be a good future.

It will be another convenience especially for crypto users who are always traveling. The gas station is commonplace mostly for ATMs so it will be a good place but I hope that they would also put more in public places like shopping malls and supermarkets. This kind of development is considered as a good milestone for crypto users who are aiming for more adoptions.

Previously what I’ve often just seen shared locally is a gasoline station and other businesses, big or small, accept bitcoin payment.  Then now there is an ATM.  Well, it's not new to me because I've seen something like this in other conversations.  But that's it, maybe it's in another region, and it's in another as well.  This is just one of the signs that Bitcoin is expanding its reach and its adoption.  There will also come a time when we will experience using that.

Installing Bitcoin ATM machines at gas stations is a very good initiative. People will be able to enjoy many benefits if shopping complexes can be set up at gas stations etc.If Bitcoin ATMs are set up in different places, people will be able to transact in a matter of moments. So I really like the idea of ​​putting bitcoin in this gas station.

I noticed a picture of a bitcoin atm that looks like it's in hong kong, is it legal for bitcoin transactions in hong kong, see if i saw the picture wrong or can someone explain it in more detail?

Hong Kong is a Chinese territory with an independent legal and government system, and the rights of citizens are separate from its parent country. Regarding regulations, investing in crypto in Hong Kong is currently legal, it can be said that Hong Kong has the clearest and most detailed requirements for licensing of VASPs (https://forkast.news/what-is-crypto-regulatory-outlook-hong-kong-singapore/). 9 major exchanges are based in that region (https://www.buybitcoinworldwide.com/hong-kong/).

But one of the local financial institutions there has made a proposal for new limits on crypto-based investment or companies (https://www.reuters.com/technology/hong-kong-restrict-crypto-exchanges-professional-investors-2021-05-21/). If this proposal becomes a new policy, I doubt that the Bitcoin ATM business in Hong Kong will have the prospects as previously expected.

Before the pandemic, I have seen Bitcoin ATMs mostly inside the malls in Singapore, Hong Kong, Taiwan, etc. Here in the Philippines, there’s one active ATM that is under regulation by the central bank, which is Unionbank’s crypto ATM. However, I’ve never encountered any Bitcoin ATM near the gas station.

Although it’s a good thing that the Bitcoin ATM was deployed in a gas station, but the real question is if they are regulated and licensed to operate there.

We can see Bitcoin ATMs at many places now. And as far as I know, USA is the country which has the biggest amount of Bitcoin ATMs now. According to a website, there are 42266 Bitcoin ATMs there. This is really an insane amount. You can come across them nearly everywhere there I guess.

Now a days Bitcoin ATM spreading all over the World. Bitcoin now Very Popular and it being more popular day by day. In covid situation Bitcoin using more and more. Bitcoin ATM in gas station it is good new for all Bitcoin lovers and i think Bitcoin will use not only ATM in Gas station it will use all sections within short time, i strongly believe it.

I've noticed over time that service stations and local convenience stores here have at least one ATM within their premises in part as a way for people to get cash for small items instead of the cashier asking if the customer wants "cash out" with their EFTPOS purchase.  (I can't even recall the last time a cashier anywhere asked me if I want cash out).

I'm wondering if by having BTC ATM's inside service stations/convenience stores whether or not this is a first step towards offering bitcoin transactions instead of fiat EFT ???

That's quite sad. I just hope that you can still trade Bitcoins in your country. Having Bitcoin not being legal tender does not make it illegal though. At least people can still somehow do some behind the scenes transaction where they can use Bitcoin under the radar without the authorities knowing. Just not gonna be too noisy.

Proliferation of bitcoin ATMs anywhere in every country is a great development of bitcoin but unfortunately bitcoin ATM is just limited in an open countries that support cryptocurrency. Maybe next time not only in gas station but also in different public places, where people can easily access their bitcoins using bitcoin atm. Hopefully we can also have bitcoin atm in our country.

A new Bitcoin ATM was installed in my neighborhood last week and a lot of people are complaining about the security requirement because to use the ATM you will need a passport for some form of KYC.

That's the exact argument coin mixers use to justify their services.  Privacy.

If you buy bitcoin from an ATM that knows *you* have a wallet address 3soMeRanDom1oRoTHerXXXXXetc (according to the blurbs at least) "THEY" can track where and what you spend your funds on.

BTC ATM's in gas-stations may not be for everyone.

How does this happen? You approach an ATM and there is guy next to it asking to provide a passport? Or you enter private information (like passport Nr.) in ATM's UI ? Or present a passport to a laser and it scans info and then proceed to next UI screen? If there is no person involved in "checking passport" then anyone else passport can be used. And that is in my opinion is illogical.

We witness the gas station example especially in many places in the US. Of course this is a strategic move. They want to install these ATMs where people are going the most to attract their attention. In terms of Bitcoin adoption, the increase in the number of these Bitcoin ATMs is a really helpful incident. Because every day, there will be more people who are seeing these and getting curious about it. Maybe not all of them will give Bitcoin a try but there will still be some people entering this market.

I'm trying to get deeper what is the reason why the operator installed ATM in this place where does not represent strategic location for me.
yeah there are tons of people come and go in gas station but is there really that much bitcoin user on that area in which they are targeting ?
i know that there are in casinos or even in Malls but gas station is somewhere that people mostly have their card and ready to use paying.

Totally agree with you, as the time comes, people will use bitcoin as their daily currency and by that more funds will be transferred and will result into a higher value. Although Bitcoin ATM is note new, providing more of it will become convenient for those who already have it, making it the transaction everywhere possible but I don't know how fees will be added to it. If the fees is high it will be a hindrance for the decision of the users.

Bitcoin ATM has been a thing already for the past 2 years I think and there are over thousands of it all over the US. It's just that it's becoming a trend nowadays maybe to garner more customers and be the talk of the town. This seems like a free advertisement to me since the people would do the talking to spread the news themselves. Although this is still a positive thing because bitcoin is already welcomed in the financial systems of certain countries. It's still a nice thing that bitcoin adoption is slowly entering this modern age.

However, this kind of thing usually asks for huge transaction fees. I just hope they will find a way to transact in lesser transaction fees+ because if ever they will continue with such a high fee, the people will eventually abandon using btc and just use fiat money again instead to avoid the unnecessary fees in every transaction they will make.

I am sure the operator of the gas station is trying to promote the use of Bitcoin for gas refill as it will be more convenient and can cost saving. With the Bitcoin ATM in the gas station, new customers will flood in for other bitcoin transactions on the ATM.

I think the gas station is a strategic place, because most people nowadays own a vehicle. So they will go to the gas station to refuel their vehicle,
so the gas station is a place that is often visited by many people. There is a Bitcoin ATM machine at the gas station which is a good decision,
besides making people who don't know Bitcoin curious, but for people who have Bitcoin it becomes a very helpful thing for them to make transactions.
I don't know how many Bitcoin users are in the area, I definitely believe that the more Bitcoin ATM machines are spread out, the faster
the adoption process will take place. So I am among those who support if there is a Bitcoin ATM machine at the gas station.

Yes of cause the use of Bitcoin ATM is more relevant in our everyday lives and t with its advantage and fast transaction users will find it more convenient than the faint traditional bank ATM or pos.

Physical Bitcoin ATM will certainly help a lot. When money needed for expenses, anyone can convert the Bitcoin into the local currency in few minutes. Really expect every country to accept Bitcoin and allow its usage so that we will be free enough to use such ATMs kept at gas station or where a crowd is seen. Yes Gas station is one of the main spot where people are often seen. Keeping Bitcoin here, will certainly support the crypto holders live around the station. Wish to have experience in navigating through Bitcoin ATM. 

Not  only  with withdrawing but also rather on buying out bitcoins in ease but of course fees are bit higher but not really that much of an issue.We've seen that adoption is on the move and take a look on El salvador

on how many ATM's that they do have and as i remembered on news they do have 200 atms which is really a good news and there are countries which does have some numbers too.

As adoption is moving then its no surprising that we would see these machines even more often in the upcoming years to come even though there would be places that would really be against it.

Not against the innovation of Crypto, but I don't quite feel safe using ATMs for Bitcoin. Well, as we all know that having engaged in Bitcoin or Crypto we are bound to be anonymous as much as possible. The assurance of safety is questionable especially since unmanned ATMs are prone to be hacked or modified to be a source of Phishing nonetheless, there would be some sort of 24/7 cyber security or something/someone who will make the ATMs as safe as possible.