Bitcoin Forum

Overview

Either you are nobody of bitcoin or an enthusiastic of crypto currency investing, you must be familiar or at least of no strange to Bitcoin ATM or crypto currency ATM.
As is mentioned everywhere, like in this article “Beginner's Guideline: What's Bitcoin ATM and How to Use Bitcoin ATM?”, crypto currency ATM provide cash deposit and withdraw service as well as buying/selling crypto coin with cash by connecting to exchange or other crypto trading platform.
It’s no strange that you see Bitcoin everywhere in USA, like in coffee bar, shopping mall, railway station, etc. Because the cryptocurrency ATM industry is dramatically growing and cryptocurrency and bitcoin ATM is tend to wide adoption.
https://i.redd.it/qjpxcuk0bzj11.png
CoinatmRadar reported over 3500 bitcoin ATMs worldwide with surging increase from 2017. And there are more than 31 manufacturers and over 400 operators worldwide at the mid of August.
Obviously as crypto currency is on the trend, bitcoin might work as fiat money as we use today. Crypto ATM is becoming prosperous in diversity. The majorities of us are so excited about the Bitcoin ATM.
But do you know where the excitement comes? Absolutely because it has so much practical use to the industry and users.
For your better understanding of cyrptocurrency and bitcoin ATM, here I listed some of the advantages of Bitcoin ATMs.

Advantages
1. To bitcoin ATM Uses

• Convenient：Buy bitcoin or other coins anywhere easily

Bitcoin ATM works as an alternative of exchanges, provide very easy access for anyone to invest in crypto world. Instead of the troublesome process trading on exchange platforms, users just need to use insert cash and buying directly. No bothers to send driver license, or phone numbers for ID verification.
- No risk of personal information leakage thanks to decentralization
It’s decentralization. Buying bitcoins anywhere seems the most attractive functions, but its value actually consist in its decentralization with blockchain technology. As it all known that blockchain is anonymous which allows cash to bicoin converting with risk of no bank account or identity credential. Bitcoin ATM doesn’t collect personal information after all. Here is how transaction goes on bitcoin ATM: Cash,ATM, Phone wallet（cold wallet），Trade done

• Bring blockchain to real life

Most of the majority of us really don’t understand the “encryption algorithm technology keeps our asset safe and the “mining” and “Peer-to-peer” network brings the bitcoin address out in the blockchain world. Nor do we know about the complex k line in digital exchange platform which needs some financial knowledge. This drags the wide application of blockchain technology like what internet does. But bitcoin ATM does help by bringing them into real life. Bring the blockchain or complex digital exchange to daily use. No exchange, no the so cold

​2. To Bitcoin ATM business startup

• - Growing Popularity

Growing Popularity means demands which in return boost Bitcoin ATM trading.
The crypto market is expanding. Every day, new investors are learning about the advantages of blockchain technology. This demand is creating a unique opportunity for savvy entrepreneurs looking to position themselves in the market before mainstream adoption. Bitcoin ATMs bring a new level of convenience to the crypto market, by allowing any individual to purchase crypto directly. This is also an increase of cryptocurrency awareness which therefore will boost the whole industry.

• - Low-cost to enter crypto startup world

Some crypto-ATM watcher hesitate to start the business due to the high cost like in software, hardware and maintenance fee, etc. But this is the most cost-effective project in the blockchain world, compared with crypto mining, digital exchange. No much high electricity to mine BTC. Currently, an average cost of one single bitcoin is $4758. No need to hire a lot of staff, no additional hardware, etc. Check out this article if you have no idea what the cost to start up bitcoin ATM business. ( ********)
As it is already known that bitcoin ATM cost mainly comes from hardware, software, connection to hot wallet. Let’s have a look at how bitcoin ATM saves your startup cost:
Bitcoin is purchased from exchange and transformed to Bitcoin ATM. Most bitcoin ATM preprogramed with exchange and you don’t need to stock a hot wallet. This is where the startup cost save. Because most bitcoin ATM manufacturer also have business in digital exchange, wallet, etc.
Another one is that compared with other sectors in blockchain world, the Bitcoin ATM business is the most low-cost and most suitable for you to get started in crypto currency. To start an exchange, you need ****; as for mining pool, the electricity is horribly high. It’s reported on news that to mine. One BTC cost $1900 electricity. This is a huge amount which is not the norm of us can afford.

• - Direct Access to ICOs

In the crypto sphere, there is many ICO demand from token projects. Bitcoin ATM provide access to purchase BTC, ETH and LTC, etc. Besides directly connecting to exchange, token companies would love to list their coins in bitcoin ATM for the sake of ICO as well as branding. Eventually, the access to ICO finally add more business and trading on your bitcoin ATM so as to earn more liquidity and profit.

​Summary
You must have founded that there’s little mention on its disadvantage. I personally don’t see any. If there has to be, then it’s the fees that everybody complaints about. But I believe people would willing to buy convenience even with 10% fees. Just like the tradition ATMs do. It’s a time problem.
From the user’s side, bitcoin ATM is convenience and easy to get in real life; From the Bitcoin ATM business startup, it’s low-cost and its indirect ICO access provide the ease to entering crypto world.
Overall, crypto currency ATM helps solve the problem of; and the adoption of cryptocurrency and blockchain by bringing it to real life. Everybody can use crytocurrency and everyone knows and habited to use it just like the internet. This is the real essence of crypto currency.
Only the concept solve problem and be widely used that lasts. And only you can decide if a Bitcoin ATM is the right or not.
​
DOBI ATM is an excellent software developer and hardware manufacturer.
Twitter: https://twitter.com/AtmDobi
Website: http://www.dobiatm.com/dobiatm.html

Related Articles:
Beginner's Guideline: What's Bitcoin ATM and How to Use Bitcoin ATM? https://www.reddit.com/user/DOBI-ATM/comments/98qeku/beginners_guideline_whats_bitcoin_atm_and_how_to/ (https://www.reddit.com/user/DOBI-ATM/comments/98qeku/beginners_guideline_whats_bitcoin_atm_and_how_to/)
DOBI ATM-the world best bitcoin ATM Manufacturer https://www.reddit.com/user/DOBI-ATM/comments/97ozyn/whos_dobi_atm/ (https://www.reddit.com/user/DOBI-ATM/comments/97ozyn/whos_dobi_atm/)

The bitcoin ATM widespread is good omen for the crypto family as this has also increased the awareness of bitcoin world wide and the demand of bitcoin will also increased and as the demand increases so will the price increase and  so the P2P  transaction which is the main reason of bitcoin from the beginning. There is a great need for the ATM to continue so that the deployment can reach everywhere just like normal fiat ATM. We are optimistic that bitcoin will over the time be legalized in some the countries that are bringing regulations and outright banning of bitcoin will have no other alternative than to accept bitcoin and other crypto currencies.

Great post. I didn't know that there are so many bitcoin ATM's already. Good to see this.

About high fees on ATMs. I think they will lower with time and more competition. Nowadays there is still relatively small number of them but imagine having 5 different ATM's in the same street. People will chose the one with the lowest fee.

I've talked to one of the operators of ATM's he said the problem is you constantly need to monitor ATM's for cash in them. Then you need a worker to go there, empty it or fill it (pretty ungrateful job, since you are dealing with relatively big amounts of money). And this whole process can be quite annoying since you can have ATM emptied/full in a day or in couple of weeks. And it's best for ATM's to work 24/7/365 otherwise costumers might be dissatisfied very fast. So this is one disadvantage for operators.

Another one can be overload of blockchain which results in very high fees and operators can quickly start losing money instead of earning.
Example: In December we saw spike in BTC fees, and they went up to 5$ or maybe even more. Now imagine someone who is buying 20€ worth of Bitcoin. 10% (which is relatively high) is 2$. So operator actually lose money.

This company came out with another idea. Selling BTC/crypto OTC on already existing bussineses. Check it out: https://locoins.io/. I think this can spread very fast to, as it is easily scaleable, starting investment is very low even compared to ATM's. Of course it has it's own disadvantages - not 24/7, not 100% anonymous etc.

this calculation are very simple that as per demands supply also increase so here the case is same demand of crypto ATM is increasing among the investors and because of that reason the amount is also increasing

bitcoin ATM extensive is good sign for the crypto people. its also increased the awareness of bitcoin world wide.thats why demand of bitcoin will also increased. as a result bitcoin price increase.

bitcoin ATM is good sign for the crypto. its increased the awareness of bitcoin world wide.thats why bitcoin demant will increased amd bitcoin price also increase. its future are bright.

bitcoin ATM is very good sign for the crypto. its also increased the awareness of bitcoin and demand of bitcoin will also increased. as a result bitcoin price increase.

Bitcoin ATM us the very good initiative, it can make a positive change in crypto world. It has rise the awareness of bitcoin around the whole world. Because of it demand of bitcoin rise more. Users are get huge advantage because of it.

I strongly  believe that the implementation of bitcoin  ATM world over will significantly increase mass adoption.

Botcoin ATM is the best initiative by bitcoin. It helps the p2p transaction which is the major demand of bitcoin users. It provide a lot of facility it can easily change the fiat currency to bitcoin and vise versa.

Bitocoin ATM is essential because it make the transaction process more easy. Investor demand it I think lot of people join because of ATM. The value of bicoin increase more. Most importantly bitcoin spread quickly.

Bitcoin ATM's popularity is increasing day by day. Bitcoin ATM has a worldwide popularity. This Bitcoin ATM will increase Bitcoin's demand and its price will increase soon I hope. Bitcoin ATMs is a very important issue in the transaction with cryptocurrency.

Bitcoins ATM business is booming like exchanges because of the super normal profit they are enjoying from the fees they generate from trading transactions. The same way Bitcoin ATM is making money from the deposit and withdrawal fees. As traders too are getting it easier getting access to their coins at a convenient way.

Bitcoin ATM is an important issue for p2p transactions. Hopefully within a short time the Bitcoin ATM will be spread all over the world. And Bitcoin ATM will accept as legal. And all other cryptocurrency will realize its potentialities.

Bitcoin ATM is a new subject in the family of Cryptocancies, but its popularity is skyscraper. So, within a short span of time, the popularity of bitcon ATM will help to increase Bitcoin prices and demand.

After knowing that we have 3661 BTC ATM booths worldwide, it just blew my mind. I couldn't imagine BTC will become so much publicly it is growing since 2016. This sort of features will allow many people getting interested in BTC market.

BTC is involvement is already growing at a satisfying rate and there are many stores which support BTC as payment. A facility like Bitcoin ATM will add a great value as people prefer using ATM as it is a great link to fiat currencies.

BTC ATM facility gives a great potential of spreading BTC usage at a satisfying rate. Many markets are already taking BTC as exchange and now when BTC can be converted into fiat in such an easy way, it would create a really good hype.

I think people are really into buying bitcoins, here in USA there are many BTC ATMs coming up to support the demand for Bitcoins. Even though the market is down many people are buying BTC. There are Craigslist posts on selling BTC ATM machines supporting the fact that there is a demand for these types of ATMs. Its simply easy to go to an ATM pay using their card and buy Bitcoins rather than opening an account with an exchange and buying BTC there.

If bitcoin ATM increase gradually worldwide that should be increase the growth of popularity rapidly. And people can easily hold bitcoin.

ATM will be increased base on it's popularity and demand. If it's demand increased worldwide then bitcoin ATM will be increased too.

It's great for the recognition but not seem usable at the moment. I wouldn't like to pay 10% fee to buy Bitcoin.

I think it is because convenient. Using ATM, more peoples will be able to use bitcoin easily without doing much effort.
Using ATM will increase the popularity of it, because ATM machine will be mass adopted by peoples around it.
The most important thing is the security of the ATM so no one will lose their btc.

I have been very curious how to do transactions or how to use that bitcoin atm  machine. In our country, there are selected areas who probides this atm machine. Obviously, it ia growing because more people tend to know about bitcoin, it became more popular.

As to your overview, it is very informative and provides infos that answered most of my curiosity.

That's open the platform for bitcoin holder to transect and payment for many thing and then people will feel better with bitcoin. As example if people can pay for his coffee with bitcoin then it's make them feel better with bitcoin.

Thanks for an informative and thorough thread. I was thinking at one point to start a Bitcoin ATM business because of the increased popularity of them and the level of margin on every transaction.

at the beginning I heard this news in Dubai, there seems to be bitcoin already legal and indeed the government there plans to adopt bitcoin, one of the real proofs of a bitcoin ATM, maybe this is the beginning of bitcoin will be increasingly popular...

I am no longer surprised because more people are using bitcoin and some countries have relieved bitcoin and even made bitcoin a legitimate payment tool. one of the more unique things is that a mosque in Britain has received zakat payments in the form of bitcoin, indicating that the popularity of bitcoin is so heavy

I think that btc is widespread not by chance, it is the only coin that has so many advantages and it will be used by companies and businesses soon in our country as well, to my mind, btc is the best coin

good news for US lovers crypto especially bitcoin, I guess it happened because the number of people who are tired with third party where each of US do the transaction have to spend large enough, with the number of ATM bitcoin certainly more facilitate the transaction even internasianal, without the cost of a large

It’s a great news for me and I guess its also great for all other user also.The more increasing the more popularity bitcoin will gain. The demand will increase . we can get so many advantage by bitcoin ATM. There will be more development add in future for the user.

Spreading of Bitcoin's ATM world wide is a good Turns for newcommers and traders. It is rising Bitcoins demand as a result the price is soaring up.I am optimistic that, by the pace of time, Bitcoin will be legalized over the world and This bitcoins wont have any alternatives.

Very first i don't know about Bitcoin ATM.Nice to see this post.I believe, This is a good points to increase the awarness of Bitcoin worldwide. As it increasing the awarness of Bitcoin, the demands of itcoin will increase, as a result the price will be increased. This is undoubtedly a good steps.

This is not to be supposed a surprise for many, this just means that bitcoin is rising and will continue to rise.  This is an improvement and a genuine proof that bitcoin is the next big thing. so for those who thinks small about bitcoin you guys must think again.

That's Mean already there are too many Bitcoin ATM is existing worldwide. Nice to know this news. This Bitcoin ATMs are not like current currencies ATM. There are far diffrences between them.And This is a good steps widening world wide.

This is a good news for the  bitcoin family.. This is the nature of demand and supply in the sense that as the demand for bitcoin increases so also will the price increase and we should be happy about that because sooner rather than later, Bitcoins woukd be widely accepted and made legal worldwide due to the rapid increase in awareness as regards to the growth of Bitcoins

Yes, exactly if the Bitcoin Atm will start to increase rapidly, it will really help the Bitcoin to become popular worldwide. After that everyone will start to make use of Bitcoin.

The increased amount of bitcoin ATM refers the popularity of bitcoin around the globe. The more it gets popular the more ATM will be established around the world.

I am grateful that in my country there is a bitcoin ATM, and I have felt the ease and goodness of bitcoin, I hope this will be better in the future.

As the bitcoin miners grows in number, the need of extra ATM is also felt. This is why the ATM is growing worldwide.

Any step forward is a good sign for bitcoin. And a price increase would be amazing!

I think it is more beneficial and convenient when we use the bank. Because this is the first time I heard about ATM bitcoin, probably many investors have brought their property sent to bitcoin. Long enough because of the high security and investment can bring business to your benefit. This is a good sign for bitcoin in the future so let's continue to support bitcoin.

This is the first time I've heard about ATM bitcoin, a new player like me can only think that because of its benefits it has a big influence on the bank that investors have sent their money. This virtual currency and may be willing to invest as needed, does not this seem overwhelming?

Majority of BTC trades are made via banks. But for privacy matters ATM is far better solution. But you pay some extra fees because of this.
As already said with competition fees will get lower, also with development of blockchain (LN for example) will decrease cost of fees dramatically.

There are multiple reasons on why the ATM is increasing worldwide. The increased amount of user may be the cause.

By the way i heard some crypto ethusiasm in Germeny have plan to get permission into the government
Allowing to establish crypto ATM until 2023
there's nothing doubt bitcoin become widespread anywhere in the world and hope this positive news for bitcoin can help also for the current position status

bitcoin ATM is increasing because of its huge amount of demands over the investors,  and I can hope that this demands will more and more in the upcoming future but yes till now the amount is very less it needs to increase lots and lots more

bitcoin ATM is a wonderful progress for bitcoin marketing and I can understand that it will also be very helpful for the users as well but I really can't accept the fact that it has spread worldwide cause the number is still very low but we can hope that the number will be increase very soon

Being the best cryptocurrency of the world, it has become quite important for BTC to establish different ways of availability for the user. I guess this spreading of ATM is important to reach that goal.

Gradually the popularity and acceptance of Bitcoin is increasing with times. This has become a crying need for the interested user to get Bitcoin in an easier way. I think spreading of BTC ATM will help this purpose.

Bitcoin atm is spreading and this is a huge step forward for BTC to make this cryptocurrency available for more people. Now the user can get their hands on BTC in an easier way I guess.

But the real problem is to operate the ATM machines. So I think it will take a lot of time to have ATM facilities of crypto and we have to depend on fiat. I hope this facility increases and we will get much scope to work with it

I think this phenomena says about the growing popularity of BTC all around the world. More and more people accept BTC as a payment method and try to use it IRL.

I think in coming years some big investors will come and offer wide range of facilities to use ATM worldwide because it will increase customer’s activity with real life and also the various job earning sources will be increased

Bitcoin is a unique technology that attracts great scientists and people who want to get rich fast.

This is a very good article. I like the way discussed every detail of the advantages and disadvantages of crypto ATM. I agree with your statements completely. I think this is the future of crypto market

The assembling procedure of ATMs are costly and tedious and with a specific end goal to introduce a huge number of ATMs give a vital level liquidity to bitcoin ATM clients, producers require millions in venture to work.

This is a good thing that the bitcoin ATM are becoming more and more popular. It means that the people are more aware of this crypto currency and it is having a demand globally among the people.

Bitcoin ATMs are really providing good service. But i think the main problem is the high amount of fees which make many users unsatisfied. Also there are not enough ATM machines so it is hard to locate nearest one.

From my point of view the users of Bitcoin is increasing continuously and bitcoin ATM is going to make the whole process better. And it is providing more user friendliness than traditional system.

That's a great news. Bitcoin ATM has made many tasks in our life very easy. Bitcoin ATM allows to buy Bitcoin or any other coins from any part of the world. It is easily accessible and works as an alternative to exchange. It provides low cost investment to enter into cryptocurrency startup world.

I really appreciate Bitcoin ATMs. I am really much faster than regular tradings. And it makes buying or selling Bitcoin relatively better. It also provide better anonymity than regular buy-sell.

That's an interesting article. Bitcoin ATM has made many aspects of our lives very convenient. It is a good means of business startup at a low cost investment. Through Bitcoin ATM, it is easy to buy Bitcoins and other coins without any tension of leakage of personal information.

having more and more bitcoin ATM is something to be seen as a positive thing. This just means that the demand of it is increasing too which is a good thing for the people and the market too. At the same time, since more ATM are being installed, it would mean that the fees will get lowered too with time.

About the high charges on ATMs. I figure they will bring down with time and more rivalry. These days there is as yet a generally modest number of them yet envision having 5 diverse ATM's in a similar road. Individuals will pick the one with the most minimal expense.

There are 3,503 bitcoin ATMs across the globe. 99.9% support Bitcoin and 32.1% of these ATMs supporting litecoin and ether.
The popularity of ATMs indicates that people's demand for digital currency is increasing. Whether it is for investment or for payment, people are beginning to use digital currency as a new thing.
With its unique characteristics, digital currency has gradually gained the support and use of the public. In many countries around the world, digital currency has been circulated as a fiat currency, it can be used for buying or selling house or goods, donating and so on. For example, in Japan, the United Kingdom, and Dubai, digital currency can be used to buy a house; Audi also claims to accept digital currency payments in the near future.
The era of digital currency is coming

There is an awesome requirement for the ATM to proceed with so the organization can achieve wherever simply like ordinary fiat ATM. We are idealistic that bitcoin will over the time be legitimized in some the nations that are bringing directions and through and through forbidding of bitcoin will have no other option than to acknowledge bitcoin and other digital currencies.

So interesting to have Bitcoin ATM in some countries but now it is really wide spreading as you say mate,so were glad that it is now known and popular.And it is already legalized and supported by many banks they consider it as their partner.

The ATMs are needed a lot so that the travelers can easily attain the use of BTC when they are overseas. This also means that the coin is now getting a demand for it all over the world.  Also it would be better if the ATMs continue to grow, as it will make the coin just as more popular as fiat.

List of all ATM's across the world by countries. Source: https://coinatmradar.com
A total number is 3709.
United States (2228 locations)
Canada (646 locations)
Austria (203 locations)
United Kingdom (180 locations)
Russian Federation (85 locations)
Spain (63 locations)
Czech Republic (62 locations)
Australia (52 locations)
Italy (34 locations)
Switzerland (33 locations)
Slovakia (33 locations)
Poland (25 locations)
Hong Kong (25 locations)
Netherlands (23 locations)
Finland (19 locations)
Colombia (17 locations)
Panama (13 locations)
Japan (12 locations)
Slovenia (12 locations)
Romania (11 locations)
Mexico (11 locations)
Singapore (10 locations)
Greece (10 locations)
Taiwan (10 locations)
Hungary (9 locations)
Belgium (8 locations)
Israel (7 locations)
Dominican Republic (7 locations)
Ukraine (6 locations)
Georgia (6 locations)
VietNam (5 locations)
Croatia (5 locations)
South Africa (4 locations)
Malaysia (4 locations)
Serbia (4 locations)
Kosovo (4 locations)
Malta (3 locations)
Portugal (3 locations)
Kazakhstan (3 locations)
Guam (2 locations)
Bulgaria (2 locations)
New Zealand (2 locations)
Norway (2 locations)
Costa Rica (2 locations)
Chile (2 locations)
France (2 locations)
Ireland (2 locations)
Estonia (2 locations)
Brazil (2 locations)
Liechtenstein (2 locations)
Ecuador (2 locations)
Denmark (2 locations)

The demand for the BTC is increasingly widening day by day and now more people are in need of it. At the same time, since it is demanded on a global scale, people who are traveling would require this and also because a lot of firms are taking this coin as a means a payment.

The bitcoin ATM boundless is a hint of something better over the horizon for the crypto family as this has likewise expanded the attention to bitcoin worldwide and the request of bitcoin will likewise increment and as the request builds so will the cost increment thus the P2P exchange which is the fundamental reason of bitcoin from the earliest starting point.

Why bitcoin ATM increasing widespread? Just because people dont need a digital money . Digital money represents only your earnings but you can get a fiat money by the use of ATM. Bitcoin can be used as physical money where most of the people dream.

The recent news of Bitcoin ATMs expanding in near future has been buzzing in all the communities and forums related to Bitcoin. But, we also need to advertise and spread such news in mainstream media, otherwise, there won't be enough adoption for the future which will help the Bitcoin ATM industry to keep running in future.

As much as I am happy for the recent news circulating in the crypto world regarding the predictions of future boom in the Bitcoin ATMs but I am also concerned about the fees being high while making transactions through the Bitcoin ATMs. Hopefully, the fees will be scaled down as soon as the market grows larger.

Though we have already read reports about how Bitcoin ATM is able to provide the true decentralized features which we expected from the cryptocurrencies that are in the market but no one has been able to prove it yet. If these ATMs are able to keep track or record of any user information then I am afraid people will slowly move away from them.

It is reat good Thing that we have that thing in our life which is future and that thing is taking place in the practical life from online world of the cryptocurrency to make it more better and easier life with the earnings of the cryptocurrency and direct use to withdraw for the money with atm matchine like we are doing with the fiat currency .
Here the main reason of the increase in the numbers of the arm matchine of Bitcoin is only the adoption and believe of the people .
Most of the people who are now much rich with the use of Bitcoin and another cryptocurrency are now working much to make these cryptocurrency to make more popular in the practical life more so that even those who are not interested to know comes to try to enter in this field and not only make earnings but also become rich with it or atleast they use it for the elaboration of Thier practical life business in the whole world with the use of payment system of the cryptocurrency , specially with bitcoin and etherium like big coins .
And also here a big factor is that many countries government are making it legalise to use for the public , that why the increase in trend of the use of the cryptocurrency are making the use in public life more .

Bitcoin ATMs are widely distributed around the world is essential. When Bitcoin is widely used around the world, the need for direct cash withdrawals at ATMs is essential. The condition for opening a Bitcoin ATM station in a country is that Bitcoin is legalized in that country. When Bitcoin ATM reaches out to more people, maybe people will have a better and more realistic view of Bitcoin.

The introduction of bitcoin ATMs to the world of crypto can really project blockchain technology to the rest of the world. Over the years, technology has evolved hence many people want to make transactions much easier and simple by using machines such as ATMs.

It is a positive fact, I would like to suggest people who say bitcoin has no future then look at the BITCOIN ATM machines spread around the world. it is a sign that the world is ready to accept bitcoin. it is happening slowly but surely.

well this is a great news if this really happens because if people sees bitcoin atm they will get curios about bitcoin and their curiosity might bring them to get education and knowledge about bitcoin it will also help to persuade people to buy bitcoin . Let us keep on spreading good news about bitcoin and how it really helps people in our daily lives

because lot of investors are investing in bitcoin

It was good to know that now there's an increasing numbers of Bitcoin ATM everywhere. With this, it will be convenient for Bitcoin users. This will also attract more people in using these digital currencies when they sees Bitcoin ATM anywhere which makes them curious in knowing what is Bitcoin and the benefits when using it.

Because of the many crypto users, it is only natural that bitcoin ATMs are increasing, this is to make it easier for users to use this digital currency.

Bitcoin and cryptocurrency are very famous all over the world, it is easy to understand that bitcoin ATM  is incresing widely. i hope there will be more and more bitcoin ATM in the world.

Hi there  :)

We operate under the umbrella of BitcoinVN (http://www.bitcoinvn.io) (Vietnam's oldest Bitcoin Exchange service - operating since early 2014) a small network of Bitcoin ATM's in Vietnam.

In 2016 we placed the very first Bitcoin ATM in Vietnam: https://news.bitcoin.com/bitcoin-atms-arriving-vietnam/

If you have any questions about Bitcoin ATM's in Vietnam, feel free to DM us.

More about us can also be found here: https://btm.bitcoinvn.io/

We are currently also looking for location partners and investors (we will publish more details on the latter soon) to expand our network further.

Isn't a bitcoin atm basically against the reason it exists? So we don't need to use fiat and now you spending all this money on bitcoin ATM and having to keep it stocked and working when all you really need to do is have merchants accept bitcoin as payment and all they need to do is use a QR code. I am not so certain that using a bitcoin ATM is easier than just getting merchants to accept bitcoin.

Bitcoin ATM's are spreading because businessman saw that the bitcoin community and awareness is getting spread all over the world and day by day the number of bitcoin investors and enthusiast are growing, adoption is coming so they see that putting and spreading bitcoin ATM's around the world will be beneficial for them specially on places where bitcoin has the largest amount of transaction records per day.

The bitcoin automated machine itself is a good idea. It is because it didn't just cater people who are into cryptocurrency, but it is also advertising crypto in a way.Obviously it will draw out some curiosities out of people who will see it. I think the only problem with it is the fee because I think it is quite high.

I wouldn't choose to buy Bitcoin from ATMs, because of huge fees and especially because it is more convenient to buy it online, instead of going to an ATM. But I believe it has a good effect on popularization of cryptocurrency as people will start to ask questions and wonder what it is. And the fact it is increasingly widespread is a good news.

The fees are indeed generally higher than purchasing online (operating a BTM comes with quite a bit of overhead costs - location rent; staff salaries to maintain the machine; purchasing broken hardware components etc.) - but there still persists a subset of users who prefers buying their Bitcoins via cash from a BTM rather than transferring money online to an exchange which might have much more thorough KYC restrictions to jump through etc.

Some more reasons why using a Bitcoin ATM might make sense can be found here: https://btm.bitcoinvn.io/faq/why-use-a-bitcoinvn-btm

BTMs are good as a bridge between traditional fiat and crypto users and could work for different use cases.
people know how to use ATMs so the experience is already familiar and getting into crypto becomes less complicated for the normal non-tech person.

travelers might also use it for some quick emergency cash for example... they do! :)

or there might be a reason why you want to buy crypto quickly and there is no other method near you.

the fees are sometimes high but when you cash out using other methods online and then use a standard ATM they can be the same.
and western union is still more expensive.

sometimes BTMs can be even cheaper and faster to cash out crypto to fiat.
 
in case fiat disappears one day, BTMs still could be useful for other services, as paying bills or top-up for phones, games etc.
the technology of a BTM could still be useful to do payments on the go for any service.

One of the biggest advantages those machines have for the recognition of Bitcoin as a whole is... - they make it more "real" to the average person who has a hard time to wrap their head around why Bitcoin has value & actual use cases by just reading theoretical stuff about it.

Seeing that big, boxy metal case which spits out physical cash when you send those "virtual" coins to it... - it's like a switch is turned for a whole bunch of people when they experience this the first time.

Last but least of course also: The media love to take pictures of those machines to illustrate their stories. What else are they going to be supposed to use... - the same old handful of stock photos of "physical" Bitcoins or some scary dude in Guy-Fawkes-mask & dark sweater hiding behind his matrix-like screen?

That is of course not a sufficient reason to place the machines, ultimately they need to satisfy a customer demand and bear their costs - but these "side benefits" had been one of the reasons why our mother company (http://www.bitcoinvn.io) had been willing to put resources into building up it's own BTM network.

Bitcoin is getting more attention nowadays which makes Bitcoin ATM a good business option. The more bitcoin gets recognition, the more potential customer are there. It's also a way to help to promote bitcoin to the public.  Although Bitcoin ATMs are increasing, I still haven't seen one in my country. Well I don't know if there is. I think there is but only limited. That's why I haven't seen one in my city.

I looked at a map of btc atms and was shocked to see how many of them there are, especially how many there are in the states.  Never seen one out in the wild but I may have to plan a trip.  The only problem with these atms is the fees and the kyc requirements that I think they make you go through.  I don't necessarily mind paying a reasonable fee for bitcoin at an atm, but I would be worried about what the atm owner would do with a scan of my driver's license.  You just don't know.

They are a sign of increasing mass adoption and it is good to see atms all over the world.  They're really common in some parts of Europe if I'm correct.  On the map I only took a look at north and south America, so I suppose I'll have to look closer.

for instance, in vietnam there is no KYC required, but you need a mobile phone and provide your number to receive a code via SMS to proceed or a code to redeem cash.

in europe some BTMs need a phone number as well, but some only give you a printout with a qr code for the receiving address and a time window of 20min to send BTC if you wanna cash out. buying BTC works with QR code scans of your address. i haven't seen any KYC procedures on a BTM yet and wouldn't use one if that would be a requirement.

speaking of vietnam, currently one of the BTM operators is extending their network with +12 new machines.
here is the announcement in case you are interested: https://bitcointalk.org/index.php?topic=5198437.0

i also recommend to check out coinatmradar, it is full of interesting information: https://coinatmradar.com/

That is why many people are using bitcoin now, people get interested that those traders and investors might love to buy their ATM , this would be a great bussiness for them due to its high demand. But I do not know how much will be the fee per transaction because if it is way higher I will convert my bitcoin to fiat if it is more cheaper.

Bitcoin ATMs are increasing rapidly in our world and this may cause people to increase their awareness of bitcoin. In fact in our country the number of bitcoin ATMs is increasing and it is expected to increase as our central banks support it.

Hopefully the good developments in bitcoin will continue so that other people can see the importance of bitcoin.

It is because bitcoin becoming famous as time goes by because our community is becoming larger also. The more people get to know bitcoin the more investors will come and try investing in here by actually supporting different ICO. It is helpful actually because the more famous the bitcoin becoming is the more possibility that there are lots of investors will come. ATM is the most efficient way to buy bitcoin. Making transaction easy if you want to buy bitcoin and you dont have actually internet that time. But there are still countries that are not adopting the ATM machines buying bitcoin because they not know what are the features of bitcoin.

For me, because of the increasing acceptance of bitcoin, that's why bitcoin ATMs are now widespread. Also, it makes it very convenient for those ppl that are using bitcoin, and also it can attract many ppl to try/invest bitcoin and do some research & study about bitcoin like giving them a curiosity about bitcoin ATM's. I'm looking forward to bitcoin ATMs to entice more investors and to grow this community. :)

ATMs are one of the most used things that people use when they want to make transactions like depositing or withdrawing money etc. . Bitcoin is too popular now and the number of people that choose to use ATM for their transactions is increasing every day.

This is proof that the development of bitcoin is progressing and although the existence of bitcoin ATMs has been around a long time but now has been expanded to several countries, and this is also evidence that bitcoin users are constantly increasing and bitcoin is the future.
Bitcoin ATMs make it easy for users to buy or sell digital currency or bitcoin and can deposit cash or transfer bitcoin to other virtual bitcoin wallets and many other functions.

I have heard of this too that Vietnam is one of the most friendly cryptocurrency related country and while other countries are lagging behind, they are drastically improving on the use of cryptocurrency, but the use of kyc, in an advanced country like Vietnam, do you know that the number required is a kyc on its own.

Because in my country here, for you to be entitled to a mobile number, you must have your data captured with the mobile telecommunication company in which they can use your number to get every details about you when there is need for it, so having your number on their database will make the authority to know every transaction that occurred and during taxing, they will be able to link it to whichever person they want to link it with.

We don't actually have very many here even though bitcoin is fairly widely supported online. Maybe we do have more I just haven't looked. I know where one is and it is very far away. I have heard that the fees are killer and thus rendering this service useless. That sucks. It is still a good idea. Anything that is bitcoin related can drive bitcoin forward, so all are welcome.

wide spread happen in country that legalize bitcoin, and you can buy or sell use bitcoin. in my country, it just 3 atm because bitcoin for digital asset. we cant use bitcoin as payment.
i know if in some country they have many bitcoin atm, but im not sure if all of people use that coin, maybe there are some % of user and its spread in every city in that country

a widely adaptation of bitcoin in different country makes it as a good business , having a bitcoin ATM machine dealer bussiness will be a hit in the market now, it can be a good demand in each country, and yet it is needed to be secured,we know that ATM machine is kinda tempting for hackers too so it could be very secured, all the keys must be hide to intruders on the software of it.

bitcoin atm is indeed not widely spread in the world, because the legality of bitcoin cannot be comprehensive in this world. I personally have never seen Bitcoin ATM in real time and don't know much about how to use it. hope the next few years in my country there can be a bitcoin atm, I'm sure many new users will come because of their curiosity

Indeed. Bitcoin is not widely spread all over the world because the government in every country still haven't legalized bitcoin, that is why you haven't seen bitcoin ATM in your country. I also haven't seen Bitcoin ATM in my country because it is only available on countries that legalizes bitcoin such as US, Switzerland, Canada, UK, and etc. But i think in the future, bitcoin ATM could be seen all over the world due to bitcoin popularity.

In my country, there are no Bitcoin ATM so it is quiet foreign to me how that works really. But we can withdraw our assets in cryptocurrencies by converting it to fiat through the most reputed online wallet in my country and we can withdraw it to a nearby atm or even deposit those fiats in the bank and even in remittance centers.

There is the legality issue and then there is the issue of higher charges when you are dealing with ATM, many users might use ATM machines because of the curiosity and for boasting to his peers other than that there are many ways to purchase the coins at a much lower rates in exchanges and i consider this as the easiest way of investment and if you comply with KYC then everything is fine.