Bitcoin Forum

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

for now we have not used bitcoin ATMs or seen bitcoin ATMs themselves because in my country it is not yet fully public for widespread adoption of bitcoin and also in coins it is still not officially legalized.so to make transactions or use bitcoin ATMs it has not been realized until now because these factors.but if bitcoin has begun to be accepted and adopted in various worlds, it is not impossible that we can also make legitimate transactions or use bitcoin ATMs to carry out a transaction process.

This is a great question.  I had looked in to using an ATM before but once I did the research, I decided against it.  I was first looking to see how much money you could exchange for bitcoin without having to provide a lot of personal details.  There was some sort of small amount, one hundred bucks or so then you had to provided personal data for anything else.  I think I had limits of like 2-4k a day for buying and selling, something like that ( don't quote me 100% on that).  At the end of the day I came to realize it was just too much of a pain and too expensive.

There is no bitcoin ATM available in my location. Going through the internet came to know about an ATM located around 2k miles away from my location. When studied about the transaction costs I found it to be 7% to 20% depending on the brand which has installed the ATM kiosk. This is a much higher fee against the cryptocurrency exchange cost on a transaction. Even if more ATMs were installed on third world countries, it is a must to concentrate on low transaction fee to make users use it.

if it is available in your area then never spare time to try and check it out imagine that in many countries and many places? crypto users is dreaming of having ATM for them to experience but you are still asking?

I have used ATM bitcoin once and yeah it is a great experience .

so take your chance and use it now, and trust me you'll come back if having opportunity again though nowadays there are lot of option in my place to cash out funds from crypto to fiat so ATM does not really in that demand .

For as long as premium fees are not that terribly high and that personal details are not asked, it is actually a convenient way to buy, especially if you have a Bitcoin ATM near you or one that is accessible. Especially if what you have is only cash and you don't have much payment option to buy Bitcoin like paypal, cards, bank accounts, etc buying through an ATM is a good alternative. But I haven't used one. With my circumstances I think I won't be looking for a Bitcoin ATM to buy Bitcoin.

As to private keys, I don't think you are normally provided one. But there are ATMs I think where you could provide your own address, one that is not custodial.

There aren't any Bitcoin ATMs in the town where I live.
Even if there were Bitcoin ATMs,I can't find any reason to use one.There's no point for me to use an BTC ATM.
Bitcoin ATMs are a dead business model,if you ask me.We have computers and smartphones,what's the point of ATMs?Using a BTC wallet on your computer or smartphone is way more convenient and probably cheaper.
ATMs are good for fiat money,not for crypto.I've been using ATMs for fiat money and I won't stop doing so.

There are several Bitcoin ATMs where I live but all of them have pretty high fees. If I remember correctly, fees were close to 10% and I'm not paying that much. Because of that I prefer P2P trading when I need cash - it's cheaper and you get to talk to a crypto person about crypto. A win-win situation ;D

I tried once, selling a small amount. I simply wanted to test how they worked in person. In my case the one I used did not require KYC, you simply send the amount in Bitcoin required, when the payment is confirmet a QR code appears on your mobile, you scan it on the machine and it gives you the money. I don't remember exactly the fees but it was something like 5-10%. It didn't seem that expensive for what I had heard and a non-kyc system of selling fast.

Till now not have experienced using any Bitcoin ATM as don't have any around me but yes surely wants to try it out once to get used to the working.Although aware about how it actually works but want to test it in reality but the fees varies for the different ATM's which i know but giving out once is worth trying.So whenever get the chance or visit the place having such services then will give it a shot.

Frankly, I have never used a bitcoin ATM because it doesn't exist in my country. One company tried to setup one ATM and the owner of the company got arrested by the police on the same week of installation. So I don't think I will be able to see anymore ATM in my country in near future. But I am not very eager to use bitcoin ATM unless it is completely anonymous. ATM has cameras and the company may ask you to do a quick KYC before you can actually use it. If that is the case, I would never use a bitcoin ATM personally and would not recommend anyone to do so.

But yes, if it is anonymous where no cameras will be installed and no KYC will be needed, I may try it once out of curiosity. That's it!

Still not yet have experience using Bitcoin ATM because my country not adopt bitcoin as legal currency payment and not allowed using Bitcoin ATM, I think better not using Bitcoin ATM when cashing out our money because prefer hidden with my self as cryptocurrency investor. I want to keep hidden to public about my job as investor and trader on cryptocurrency because getting risk from asking some people to teach them how to get profit in cryptocurrency trading. Not easy when getting profit from crypto many people claimed as cryptocurrency as the best investment how to earn much profit. I hope keep not allowed bitcoin as legal currency transaction and haven't with Bitcoin ATM in my country.

It all depends what your other options are. One of the biggest advantage of BTC ATM is that they often don't ask for any sort of documents, but then again that depends on the country you are living (in my country I can do it completely anonymously). Regarding fees, they are generally high so if anonymity is not your priority or if you can't buy via BTC AM anonymously, there are much better ways to buy and sell Bitcoin.


No, you don't have to give your private key and anyone asking you for that is scammer. The way it works is simple: you choose on ATM the amount of BTC you wanna buy ( for example $100 worth of BTC), then the machine scans qr code of your wallet so it has the address where BTC will go, and in the end you insert the bills in the machine and that's about it. BTC will be sent to your address and you will get a receipt.

About my personal experience, I've been using BTC ATM exclusively for several years, but when fees became too high for me (iirc 2 years ago) I decided to find other ways. I still use it occasionally, but only as a sort of  last resort.

I have to admit, I haven't used a Bitcoin ATM, however, I know people who have and do it regularly. I don't see anything wrong with it. If anything, I would say it makes crypto perceivable more real to the average consumer. The ease of accessibility is a big factor in mass adoption. Are ATMs safe? Well, I'd say more or less the way FIAT ATM's are safe, you can still get robbed in front of it, or in the system XD

For now I haven't used a Bitcoin ATM, the idea of ATMs that accept cryptos is a good and should be supported worldwide. I am not even aware that there is one close to my home. If there was one close to my home, I probably wouldn't be using it to be honest. I rarely use cash these days, paying with cards is just so much easier and faster. Carrying around large amounts of money is a thing of the past. Also I am trying to build up my crypto portfolio, so withdrawing coins from my wallet and converting them to Fiat money is not really my interest right now. It could be a big alternative when travelling on vacation to have the option to get local cash from our crypto wallets instead of paying high fees to our banks.  

I have personally never used a Bitcoin ATM but, I have read that the fees in these ATMs are very high when compared to an exchange. There have been instances when they have also displayed the wrong USD value of Bitcoin. Considering those two issues it would be wise to either avoid them or be careful while using them. I am not discouraging anyone here but why pay a high fee when you can buy on an exchange for less fee.

Two facts that repel users from using Bitcoin ATM: 1) exchange fees are usually higher compared to making similar exchange on  exchanges, with users help or by using telegram bots (for example) 2) they dont offer 100% anonymity right now (have cameras close to where ATM is installed or ask to receive SMS for deal verification).

I would have used Bitcoin ATM, if there were one close to me. I definitely not gonna go there on purpose, as buying Bitcoin ATM from home is still more comfortable.

it is our privilege to use ATH machine as they are designed for all Bitcoin users to have an advantage  but that was back in the days as we now have more option in using our bitcoins , there are even stores directly accepting crypto payments and even Online casino and grocery and shop offers as well.

and there are many option in exchanging Crypto to Fiat  as p2p is open now in many online wallets and meet ups.

yeah those are the disadvantage of using ATM because of the higher fees when in local wallet conversion we can only lose penny .

Found some similar threads in the past.

• My first time using a Bitcoin ATM (https://bitcointalk.org/index.php?topic=5366348.0)
• Finally used a bitcoin ATM successfully! (https://bitcointalk.org/index.php?topic=5262424.0)
• What do you think about Bitcoin ATMs? (https://bitcointalk.org/index.php?topic=2305877.0)
• Bitcoin/ Crypto ATM's (https://bitcointalk.org/index.php?topic=4976430.0)

Personally, I have used one, but the fees is expensive as per discussions on the threads above. I'm not sure if this is viable as a gift though, you might want to look at Opendime: https://opendime.com/

Used them until Know Your Customer has been enforced.  Now I have to drive a long way to find the ATM I need.

I would use an ATM long as it provides the privacy I am looking for.  As in, long as I do not have to scan my ID to purchase or cash out.  Otherwise it makes no sense and I would rather use an exchange instead.  Imagine giving up your ID and cashing out 5 to 15 percent less due to exaggerated fees.  It makes more sense to create an exchange account instead, verify your identity and cash out at spot price.

Also.  High fees are typically for selling Bitcoin.  If you want to purchase Bitcoin, they typically offer spot prices or at most a 1% fee.  For this reason, purchasing Bitcoin through ATM's is worth it.

It is VERY hard to get 100% anonymity nowadays.  Only if you very carefully do a Peer to Peer trade in a spot with no cameras, but then you wonder why would you meet a random stranger in a place with no cameras to complete a transaction.  I still believe ATM's provide more anonymity than a Centralized Exchange does.

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Regards,
PrivacyG

I guess I don't want to use bitcoin ATM right now because I haven't figured out how to use it yet.
But maybe if there are many bitcoin ATMs in my city and they are easy to find anywhere, I want to try it because it will not raise question marks by people around the ATM.
I don't know about the safety factor but I think it's safe enough and of course, the company that installed the ATM has security in protecting the machine and its users.
But for now, maybe there aren't many ATMs installed in cities, so we haven't been able to try it yet.

I think that the biggest competitors to Bitcoin ATMs are local crypto exchanges where you can buy and sell crypto in your local currency. I'm not sure if it's the same in all countries, but in the European union KYC is not needed if you are selling or buying less than 2.000€ worth of crypto. And most of those local exchanges charges much less fee than 10%.

It is always great to have first-hand experience in using a Bitcoin ATM but that's it.  As said, I would just use it once for experience's sake but not on a regular basis.  It is a hassle looking for the machine and I feel that it is a waste of time to travel just to withdraw from it when there is a more convenient and cheaper way of Bitcoin transfer/cash out online.

From the little knowledge I have or from what I have learned so far, I think before spending your Bitcoin you need a digital signature to show that you own the public address that contain the Bitcoin. So if this is the case, then I think BTC ATM will not be advisable for use because it might require some basic personal wallet details which can make it unsafe.

From what I have read, at least half of the people who responded don't have access to an ATM. I am in the USA, and in a major city area (New York City area), and they are literally everywhere. I haven't ever used one because I thought it was pretty pointless, and seemed sleazy. I mean, if you know anything about bitcoin, why would you buy from an ATM, since it surely can't be less expensive. However I also read that one user mentioned that they only take a 1% or low fee. For this reason, it might be worth it.

I know I am speaking out of ignorance, but I thought the way it works is, you pay them for the bitcoin, and they give you a paper wallet. I figured you would only really use it if you knew nothing about bitcoin, and wanted to buy some, sort of like the gold bullion vending machines. Or buy it as a gift for someone else. I thought it was a good idea only to buy a last minute gift for someone, which might last longer than a small gadget/technology. I realize that I must sound spoiled being that I have access to this, and most people don't. I think it might be worth trying one out. However I don't understand the purpose of using one to buy bitcoin, if you need to provide a wallet, since at that point you must already know enough about BTC to have a wallet already.

One thing I did not consider is that you would be able to sell BTC for cash at these ATMs. That is fairly interesting, since any other way usually requires jumping through a lot of hoops. That makes me wonder how easy it would be. If it is as easy as it seems, and without providing personal information, then it would seem like a great idea, as long as they don't take too much as fees.

For the person that mentioned they saw an ATM being installed and the owner getting arrested a day later, that make me feel humbled that this freedom would be possible... and that this freedom can be taken away.

I appreciate everyone who posted a reply, and I did not mean to sound spoiled or privileged, I truthfully did not know that Bitcoin ATMs are a somewhat rare thing, or luxury. I am grateful for the honest feedback and insight this has given me.

I’ve never used one & I’ve been in bitcoin since 2015. They’re usually in little, privately owned, small convenience stores. I don’t like going in those kind of stores. In the UK now though they are becoming illegal so I don’t suppose I’ll get to use one. ATM’s must be registered with the FCA & none of the ATM’s are so they are being removed.

I would love to try one, if I had access to one where I didnt have to give personal details
I would use it for sure to buy and sell Bitcoin but mostly buy. For no KYC I would be
ok with a 5 to 10% fee I think.

Having said all that, I have yet to come across one.

As a Crypto enthusiast I remember how happy I became when I first time saw BTC ATM in my city, even though it served only for deposit purpose that time. I've used it and I think this is an actual adoption, time to time we'll see those and other machines alike all around us what eventually will increase BTC's role in our daily lives.

I want to use it really bad, maybe just for experience and the curiosity I have. Sad truth is my place is so behind the tech, so it is unavailable in here. I really try using one, imagining it gives me excitement. My city sucks and maybe only few folks knows about crypto currencies, around less than 2k people, so I should move to another city where it's popularity is on.

If you have cryptocurrency and especially bitcoin ATM machine round your geographical environment, it's obvious that you will learn and also know how to use bitcoin machine, while people don't really know how to use bitcoin machine is because the machine is not in every country and lack of legalization / adoption of bitcoin across the world...op you asked a nice question because is not everyone who knows Bitcoin is aware of existence of bitcoin ATM machine, the machine would have used generally assuming government allow bitcoin to stand firm, so it's very obvious that out of hundred percent (%100) of bitcoin users, is only thirty five percent (%35) knows how to transact with the machine fully, so i might said the cause is because it's few across the countries.

I have used one and the fees are fine. In my area there's a number of them and one that I've used a few times has 3% transaction fee, which is fine, especially that it doesn't require any KYC up to 1k EUR and you can sell BTC for cash straight away. There are cheaper ways to sell cryptocurrencies, but they require you to set up full account, go through KYC, have a bank account linked and so on. For me privacy is worth that additional 1% or 2% fee.

That will be a very great idea to use , but the bad side of it is that have got no Bitcoin ATM at my ends.
I don't really care what it takes , the rates and percentage shouldn't be too highly though.
I really appreciate to make use of it for the very first time, the user interface shouldn't be hard to understand anyways.

I have never used it because in my area there are no bitcoin ATMs that can be reached by my location, there are several in strategic locations in the capital city and in several other areas such as tourist attractions visited by many foreign tourists.
I hope bitcoin ATM will expand and reach where I live so I can use it and feel the difference and its advantages.

I also got some replies from people in another post. I also have never used a Bitcoin ATM because in my country it is not installed and Bitcoin is not really legal in my country yet. But since using them means requiring KYC I would definitely be against them, I think the government is trying to control us through the use of Bitcoin ATM.

that's actually what I'm saying, how would the machine be registered if the country don't adopt or legalize cryptocurrency in the state, it's very difficult or rigid before you can see someone who has used bitcoin ATM machine, because i remembered vividly that in year 2020 someone brought the statistics of bitcoin ATM stands in each of the country and location precisely, so if it's legalize there, people will not hesitate to make use of it, but a process Bitcoin is prohibited in a country, people will not summon the courage to use bitcoin deposit or dispense machine

Speaking of Bitcoin ATMs, in my area there are indeed several Bitcoin ATM points, unfortunately now they are not working anymore, if you're asking about ever using it, I haven't used it, it might be nice if I could use a Bitcoin ATM.

But if the payment is like a restaurant, of course I have used Bitcoin payments in one of the restaurants at that time, because they can be called the Bitcoin community, so they accept Bitcoin until now.

I have serious doubts about that number. The lowest ever BTC ATM fee I saw was 4% (same ATM now has 6.5% fee), and I am using them since 2017. One of the reasons why BTC ATM fees are not small is due increased expenditures: the owner has to pay the renting of the space, machine itself (and machine ain't cheap at all, afaik 2 way machine costs more than $10k) and on top of that, owner has to pay the taxes on the profit he makes. So yeah, I don't see how 1% fee is possible.

Not really. Let me quote my previous answer



Procedure of selling BTC is simple as well: You choose the amount of BTC (in dollars, euros etc) you wanna sell ( usually its some round number like $100, $200, $500 etc) and when you chose the amount, QR code of the address where you have to send BTC appears on the screen of ATM. You take your mobile wallet, scan the code and send BTC. When you did that, ATM prints out a piece of paper on with QR code which you will scan on BTC ATM once transaction gets few confirmations (ATM I am usually using asks for 2 confirmations). If I am in a hurry I use higher fee to get it done asap, but usually I just go in a bar and have a beer while waiting for confirmation.

I never bought bitcoin from an ATM and probably I won't do it in the future either. High commissions, personal informations, very high spread... If you want to try just for fun it could be ok, but if someone has a little experience I really don't see the point unless you absolutely need some satoshi and that's the only feasible way.

Ahh...ok even 1% may be a lot depending...


You didn't mention, does the ATM actually give you dollar or euro bills? That would be interesting...and maybe the "future" of banking... Actually my mind is kind of blown right now  :o

What I know is that Bitcoin ATMs often have very high fees, which was always a major setback for me when considering if I want to use them or not. Some can also ask for an ID, I believe, and doing stuff like KYC in front of an ATM seems inconvenient. Also, I generally try to avoid using ATMs because they kind of show others around you that you've just taken some money, so I don't feel safe in situations like this. Finally, the country I currently reside in outlawed crypto ATMs recently, I believe, so I'll definitely not try using one of them now.

Thank you for the link to those posts. I didn't expect that so many people have never even seen one IRL. I just took it for granted, like it would be a common thing. But most people writing in these threads have never seen one...and it makes me wonder about a few things now. Especially someone mentioning a camera would be recording (because someone mentioned it was "anonymous") ...it's certainly interesting to hear the experiences of people who have used one.
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Regarding opendime, that is an interesting option. At about $20 a device it would make sense on a 100+ gift, especially if they reuse it or re-gift it.

Your title says something and post saying something else that question related to the gift card. However, I haven't used Bitcoin ATM ever since Bitcoin is not legal in my jurisdiction. Even during live abroad hadn't used it since the situation was the same in my jurisdiction. It really depends on the jurisdiction where you are, and the availability of Bitcoin ATMs. No idea how Bitcoin gift card works, there shouldn't be pre-generated private keys anyway.

We are have few Bitcoin ATM machines installed in some major cities in my country, though the government had also banned the use of cryptocurrencies, nevertheless majority of citizens are still using bitcoin, unfortunately I was far from those cities, however I am sure I will someday have the opportunity of using those bitcoin ATM machines and have a real live experience of using it, aside the comments made by some members here who had used it before.

You are correct. I personally didn't think I would use a BTC ATM, unless it was for a quick (last minute) purchase as a gift to someone. In which case I assumed they would print out a paper wallet that has private keys. Hearing from other members, I was very far off on my assumptions, and that is probably not how it works.

Believe me, 1% is nothing when buying and selling BTC. Its tough at the beginning to get used to high fees, but there's not many options if you want to stay anonymous. Even when you want to buy/sell from someone directly, people tend to ask for 1-2% fee. For me personally, everything up to 4-5% is ok. Realistically, even that is high but it is what it is.


It gives you the money depending on the official currency of the country where ATM is (like any other ATM machine), so in your case you will get dollars. I am from Croatia and I am getting our own currency ( Croatian kuna ) and next year we are getting euro so BTC ATMs will adjust accordingly.

According to recent researches made by coinatmradar, three thousands Btc ATMa have been installed in first quarter 2022. Everybody will get an easy access to use them a day or another.
Personally, if it's something that may dangerously harm my privacy at certain critical levels, i would ignore it at all costs.

Although it might seem like common sense, I never considered that would be possible. Since the exchanges I've used before ask for a lot of personal information for withdrawing to a bank (even just the bank info is a lot), getting cash from a BTC ATM is still blowing my mind!

Are you sure bitcoin atm is the one your talking about? Because, I think it isn't. I think bitcoin atm doesn't work like that, they won't give you a private key but they will only dispense money. You might be referring to the btc gift cards. They are the one's that give you a private key so that someone can use the btc later on.

It is trusted as long as the brand or the store your buying is also trusted but if you experience any problem like if the coins are top upped already, you can always go back to the store or call the brand supplier directly to complain and ask for a  replacement. Pretty sure they will replace it or refund you, if they are honest. For a btc atm, someone says that their fees are high. When you use it make sure your going to convert higher amounts.

I realize I was just guessing that it way the works...spend money, get actual bitcoin, which would be a paper wallet, or maybe a qr code with a private key. I didn't realize that's not how it works. I mean it would make sense for me, that you can actually buy the value. However it seems it would just transfer the BTC to one of your accounts that are previously set up. In which case you can't really gift that to anyone. If I could print out a private key I would be able to gift that to someone, sort of like a paper wallet, which is just as good as the bitcoin itself, and would make a great gift if the fees weren't crazy high.

I did not mind the cameras, I mean I could be known that I am getting bitcoin from there, I have KYC from the exchanges that I use anyway so that doesn't really matter, they could literally have a copy of my ID card and I would be fine about that.

However, the fact that they charge more than regular exchanges means a lot, they have less competition. Exchanges have a huge amount of competition and that causes the fee's to drop, but ATM's do not have that, which is why they are expensive. Once up on a time I tried to get 750 dollars worth of bitcoin, and what I got was 680 dollars worth. The difference was 70 dollars! that is just not doable, not a good thing at all, never used it ever again.

The fees I believe, is one of the topmost consideration of most crypto users. Because these days, we can now trade and buy at different CEXs at a lower fee. Using BTC ATM is more on just convenience for me. Because let us admit that the fees using ATM is different from when you are using online trading platforms.

I would love to make use of Bitcoin ATM machine and i could not really say on how its been done or on what things would really be happening once you do make out some transaction.
Since its just available only on the capital city on our country which im too far which i cant able to do so but hopeful one day i would be seeing nearby and make use of it personally.
Im watching youtube vids about on how its been done. https://www.youtube.com/watch?v=UpBPwcPQVD4

I think I would use a Bitcoin ATM in the future, when Bitcoin is more widely accepted.

Comparing this to a cash ATM, these days I only use them whenever a shop tells me they only accept cash, and not cards. I've noticed this is getting a bit more common recently with inflation and increasing fees from card companies.

In a similar way, in the future when most businesses accept Bitcoin, I would use the Bitcoin ATM for the few businesses that accept fiat only as I won't be carrying any fiat payment mechanism at that time.

I think Bitcoin ATM and to safe money does not stand together. When a person uses it, he should be ready to pay extra. With Bitcoin ATM this extra is time. When you buy Bitcoin from exchange, getting verified takes time. Sometimes it is few minutes, sometimes it takes days. During that time prices can severely change. How ever I've got your point, using ATM to buy Bitcoin is expensive.

In my country every telephone number is bind to ID. You cant buy a shady SIM (probably could, but it takes time and you have to know where to buy it), or buy just a SIM at a shop. ATMs sometimes ask to enter a code from SMS as a verification of a deal. The fact that my personal data is collected by someone is what bothers me most.

I only know that there are several countries that have adopted bitcoin and have even created several bitcoin ATMs to be able to make transactions, but for myself I have never done this because my country has not adopted bitcoin widely.so automatically there are no bitcoin ATMs that can be done to do this. transactions like those that occur in several other countries, but if all countries have agreed to the adoption of bitcoin then this can be realized

If time issues prevent you from being able to use bitcoin ATMs, Remember that the Lightning Bitcoin Network is already available and Bitcoin ATMs of course take advantage of the Lightning Network to process transactions faster and cheaper. That won't be a problem.

However, for data collection such as SMS verification, which is required and must know your personal number and some other information (KYC) it becomes optional, you can use it or not. But if bitcoin ATMs don't use KYC there will be a lot of money laundering done. Currently, several Bitcoin ATMs in the UK have been shut down because they do not have permits and are indicated to be places for criminal transactions.

Thus, Bitcoin ATMs currently still need some development that needs to be integrated with user needs as well as regulation and security of Bitcoin ATM users.

Bs. I am glad that in the country I am currently living they don't think so I can freely buy and sell BTC via ATM, without need to provide any sort of info, including mobile phone number.


Not several, but all UK BTC ATMs have been shut. And no, not because they are "places for criminal activities" as you put it, but because companies operating them are not licensed with FCA to offer ATM services.


You are mistaken if you think that KYC is there to protect you.

unfortunately, there are no such bitcoin ATMs in my city, but there are many alternative ways to buy bitcoin using the same bank card. I am sure and convinced that soon there will be a lot of such ATMs in developed countries, and this depends directly on the development and popularization of bitcoin in the world.

Cash out trough Bitcoin ATM still not ability in my country but you were right have another way how to withdraw bitcoin to be cash money like withdrawing trough my local exchange. For deposit money to buy bitcoin available with my local exchange if success pas KYC and we can trade or withdraw bitcoin or altcoin to cash money. Not matter with bitcoin ATM still not available in my country still have several local exchange could withdraw and deposit well.

I think with time, many countries will adopt bitcoin because of this BTC ATM  machine many government has made available for their citizens to make transaction more easy in their countries. I believe, very soon all countries will start adopting bitcoin because of the low fees that involve in the BTC ATM transaction. This system will really attract other countries that rejected bitcoin some years ago to accept bitcoin, so that their citizens will be part of this freedom Satoshi has created for world to enjoy.

  Everything about the BTC ATM is well secured and safe in transaction compare to fiat ATM card that is too secure in terms of transaction.

Not all low fees, as I know it all depends on network density if the ATM uses the On Chain system. Indeed, some time ago I read that the BTC transaction fee in 2022 is the lowest fee after 2011. Of course it is very pleasant, because this is more profitable than interbank transaction fees. But the weakness of network density seems to be a weak point.
Even though my country has had a bitcoin ATM, I have never seen and used it directly. So far I prefer to use a money exchanger for Bitcoin and Fiat transactions. But I still support the development of crypto ATMs because it's one of the proofs that many people use Crypto.

To be honest, I never used Bitcoin ATM because I have no Bitcoin ATM around where I live in. If I have Bitcoin ATM around here, I probably try to use it, want to know how it works at least. However, I think I won't use Bitcoin ATM to transfer my Bitcoin or to buy Bitcoin since I heard it requires high fees. It is better to buy/sell Bitcoin on an exchange, the trading fees are often quite affordable. Even in Binance, I've no problem with trading fees and withdrawal fees.

I haven't used them really, there's one nearby but the fees are too high, I've been told so.

What we need is more options for using BitCoin in real day transactions, not something possible yet where I live.

Not much of a use for Bitcoin rather than investing, as cannot be used or traded easily for fiat currency.

I still dont have experience in withdrawing or using bitcoin ATM because there are no bitcoin atm nearby my place but i read an article that there is a bitcoin ATM that was setup but not sure if still working right now because that article was 3 years old . I really want to experience this since this was new to me and know the feeling  on how to withdraw it . I know that in the future a lot Bitcoin ATM machines will be popping out everywhere

That depends. If I had to identify myself give information about my Bitcoin purchases and transactions then that would be a bit of a downer. In some countries if you want to buy or sell a certain amount of Bitcoin, you need to provide identification and in some cases, they will even ask you where you got the fiat from to purchase Bitcoin. And when you finally get the governments "approval" to buy Bitcoin, your information will still be stored in some database. Bitcoin should not need and approval to buy or sell.

Me too i never see bitcoin ATM before but i know with the coming up of bitcoin atm, bitcoin will be much easier to convert to fiat currencies, like when you give the machine your valid amount Bitcoin and you ask of exchanges of bitcoin with fiat and the result will come out with cash dispense exactly same amount of bitcoin you put, if that is how bitcoin ATM will work is good than going to exchange to sell and buy bitcoins and other cryptocurrencies

for now, i don't want to use bitcoin ATMs in my country, the fees charged are very high compared to me doing it via bank ^{(making deposits or withdrawals)}.  other than that, the choice of assets listed is still small ^{(in my country only bitcoin)} if there is a choice of other crypto assets then that's pretty good.

Thank you for the information mate. Actually, i still have not considered researching about it because there was no bitcoin atm or bitcoin atm machine in my place. So everything is still paid in fiat. But if ever in the future my country starts to adopt that, the fact that it will only add more on my expenses and could be an additional burden on my part, then i'll prefer to use fiat instead.

https://hermesbitcoin.com/learn/are-bitcoin-atms-safe/

They are safe (unless it was illegally installed) but unfortunately, I didn't try using this for it wasn't yet available in our place. But I/m not sure how much is the cost per transaction or that something expensive? Some people have said that the fees were expensive, which is probably a reason why the majority are still prepared to use fiat money. I had figured out that even though this will exists in my country, people are barely using this stuff.

I've also heared the fees are expensive, and even though there isn't any ATM disponible around me, I have no intention of using this, because every features needed to deal with bitcoin can be found on online websites or apps (exchanges) that can be accessed through mobile devices anywhere, where customers pay cheap fees, if they choose the service wisely.

As I see, ATMs are more like a visual, physical propaganda for bitcoin than anything else.

If you never used it, how do you know the fees are expensive? Don't just believe someone that told you, better try yourself. If I were you, I will try it even only once. Try to do any transaction with a small number at least. The purpose is to experience it and know the truth about the rumor of high fees.  ;D

Me, too. I use Bitcoin is mostly for investment, never try to buy any goods or services with Bitcoin. Moreover, using Bitcoin or any crypto coins for payment tools is forbidden in my country. So, we have no chance to use Bitcoin for any purposes, except as a digital asset.

Bitcoin ATM fees are expensive but for the sake of exploring and be aware on how these thing works then having one try or a couple times wont really be that a bad idea just to have some familiarization.

So far i havent tried on using one but if i do have the chance then i would definitely be doing this but not generally a way for me to buy bitcoin yet i could able to do so in much cheaper way.
Good thing for those countries who do have Bitcoin ATM's compared into those who have none or totally be blocked or prohibited.

I do not think so given that our local exchange (here in the Philippines) already offers services that suit my convenience.

Unlike international exchanges like Binance, our local exchange (coins.ph) offer services that are very convenient on our part. For example, we have an instant conversion of BTC to our local currency; and we can pay our monthly bills using such money. In addition, we can also purchase any products/services under our desired need and we can also directly transfer our funds to our bank accounts.

The only downside is, the transaction fees and conversion rates are relatively high; and KYC documents are somehow strict which requires us to send our monthly ITRs, etc.

I used a particular bitcoin atm that takes spare change and can give you the fund in btc.

The real problem was the fees. I had deposited around $120 in change and only got about $95 back in actual bitcoin. Bitcoin ATMs are in no way the way to go for a beginner looking to get some money in bitcoin. The fees would instantly turn them off.

^ Based on my experienced, it usually charges fees of about 10-12% when you buy BTC using ATM machines, which is not ideal if we know that there is an exchange where to buy BTC in the cheapest way. But of course, you will encounter possible KYC if you will buy CEXs, BTC ATM machines are also good if you care about your privacy because you can purchase BTC anonymously (not unless if there is a CCTV camera).
This is very common in malls and shopping centers and you can also check it here near you, https://coinatmradar.com/countries/

Same is the situation with me and many other people as we do not have access to the bitcoin ATM machines. The high transaction fee does not matter as i want to experiment with how this machine works and for that, I am willing to pay the fee. Although I have seen videos of this machine, but to operate it myself in reality still remains a wish for me.

there is a Bitcoin ATM near my Office back in 2017 but I am not lucky to even use it because those time I am still in struggle and also starting to learn and earn about crypto so basically i did not trust the machine back then.

but now as I tried to come back and check? it was uninstalled and cannot find where it was relocated .

Actually fees bitcoin transaction have lower than last several years and I see when my friend sending bitcoin from trustwallet to exchange market with fees under $0.4. I think worth when have Bitcoin ATM and getting with lower fees when try to withdraw money and looks better several country adopt bitcoin and give service for Bitcoin ATM. Will interested we can withdraw bitcoin without use local exchange market and available with Bitcoin ATM.

Bitcoin atm's is not the reason why will a country adopt btc. Before btc atm's have invented, there are already btc and they must adopt btc first before they can decide if they will also legalize these btc atm's. There are countries reported where btc atm's are being confiscated although btc on their country is already legalized, I don't know why but maybe there is a problem with the atm and not with the btc itself. It could be that they don't have a license to operate or they are malicious.

Bitcoin atm's don't have a low fees but i heard that the fees on using them are much higher than a normal btc transaction. When it comes to privacy, I think that depends on the btc atm's.

If there would be a chance, then why not? I am actually one of those who are hoping to have this kind of experience but unfortunately, we don't have Bitcoin ATMs in our country. As long as my keys and funds will still be safe, then I would love to use a Bitcoin ATM so I could purchase something using it. If it causes convenience then I would love to use it.

We have bitcoin atm's in Romania, too. I used to buy bitcoin online, but I realized it's better to buy local, even bitcoin, so that your money goes to your country, even if it's a higher fee, in my opinion.

Wow, that's pretty crazy! But it also makes sense, at the end the ATM are mainly made for people who want to change some extra money or want to get a "bitcoin experience", maybe because they can simply say they bought some bitcoins, well, satoshis. At least the more the install the more people will start wondering if maybe they should change some useless fiat for bitcoin.

It is cool that we are finally getting lower fees, but this did came with some technological improvements, specially with how we are using segwit these days and that is one of the main reasons. Secondly, we were in a very very hyped bull run and that mattered a lot, during those days we saw a lot of people get into crypto and that caused a lot of problems since it was all a big rush and everyone joined in together and so forth.

In the end, we are seeing it becoming a bit of a less problem these days and that means less people equaled to less usage and that equaled to less fee's so far. That is what I believe is the main reason and will keep on being low as long as there is no big hype.

I haven't used a Bitcoin ATM yet. Because bitcoin is not legalized in my country now. The people of my country are working hard to legalize Bitcoin.If one day Bitcoin becomes legal in my country then of course we will use Bitcoin ATM one day

When it comes to either using a bitcoin ATM or not use, it's a matter of understanding whom is behind the provision or management of the service. In cryptocurrency as we have it, privacy is everything and which ever way it might turn, either the use of a card or reading of public address on your devices or something, it has to be verified to be relatively safe and not to go home after using such services and then, you come to observe a verifying transaction on your wallet. That would be disappointing.

Either to use or not is a question for the future where I actually have one before me but I'm sure, I would love to try it out. Cryptos needs more used cases and should bitcoin  ATM provide one, it ought to be utilised as such.

It was the dream of most of the crypto currency investors.Because we already had a feel of withdrew dollars and all our Fiat in ATM.But ninety percentage of people will not had a experience of withdrew of Bitcoin.It’s the digital curragreed.But who don’t like the way of getting or holding of the digital currency in our hands.If any of you had that experience,kindly share here.

I have never used a Bitcoin ATM. Because it is still going on illegally in my country. My country has not yet got the legitimacy of Bitcoin which is why we have not been able to use Bitcoin ATM yet.Many big countries in the world who have legalized Bitcoin and have ATMs are probably using this Bitcoin ATM. However, we are very hopeful that Bitcoin will be legalized in our country.

I could say yes if that become available in our country. Some countries are already using this, it was safe actually knowing that the machine could also generate code/phrase but what something it worries us if the machine is legally operated or not, and we don't make this a reason to seize our Bitcoin.
Some reports that Bitcoin ATM machines have been confiscated (https://news.bitcoin.com/us-bitcoin-atm-operator-prison-illegal-operation-17-machines-seized/) last year


For as long as it was permitted by the authorities, it was safe to use. I surely use this stuff sooner once available.

If the bitcoin ATM was made,it was next stage to the crypto.When the crypto was taken as an money from the ATM,you can directly give to the shop for the purchase of food items.This will take huge time then we consider.All the shop should accept the bitcoin as like the dollars.But if that happened so,what is the mean of digital currency.Bitcoin also become a paper currency.

for now I have never seen a bitcoin ATM, I will never store assets in the bitcoin ATM because in my country bitcoin has not been adopted, then it also affects where we cannot make transactions using the bitcoin ATM, but if the adoption has done various countries it is impossible that we can also make transactions using bitcoin ATMs like countries that have already adopted bitcoin like what El Salvador did.where they have legally implemented bitcoin and have created several bitcoin ATMs to be able to do this. transactions in the country

Bitcoin ATMs are not available in my country yet. I have only exchanged bitcoin through cryptocurrency exchange. But, I hope this service will start soon in our country too.

The last time I’ve used a Bitcoin ATM was in Singapore. It was inside the Plaza Singapura mall where there is a store that buys and sells gold. It was in 2019 where I tried to withdraw my Bitcoin to SGD and it took me at least 45 minutes of waiting before the transaction was finally confirmed. I had followed all of the steps carefully on how to withdraw in a Bitcoin ATM, and it’s really worth the experience despite it took me a while to make sure that everything is correct and not worrying about my funds in getting lost.

Hi OP can you share please in which country you live?

Technically they don't need to print a complete wallet but they can just sent some btc to your wallet and that's it.
Of course they can be used as gift (some minor amount just for fun) but I will not trust such products of course... and If I will give as a gift to some one I will explain clearly that a wallet like this should not be used for storage of coins since "not your keys not your bitcoins".

last several days bitcoin transaction fees looks drop and under few cent pay for fees, I don't see will hard for paying fees when transaction using bitcoin on real life. Actually when sending with the same platform will easy without have to pay fees, like sending bitcoin from one coinbase account to another account, trough sending by email not have to pay fees, will adopt by real company with multi payment accepted for give easy thing as costumer without fees transaction.

So far, I'm not using this ATM because there is no BTC ATM around my area here. And payment with Bitcoin or other cryptocurrencies are still not allowed in my country.

Rrlated to the question, as long as available, If I were there, I may try to use it at least once  :D
kidding
I mean that if this is necessary and urgent, we can use it. however, if we think that it's not, I will prefer to use other tyoes of oayment by considering the fee of transaction of course.
it is about a matter of advantages and disadvantages of using the ATM at a certain time for me. But if this is considerable more effective at that time, why not using them?

for now I can't use bitcoin ATMs because my country needs to adopt bitcoin so from that we can't make transactions using bitcoin ATMs as has happened in several countries which have fully adopted bitcoin widely in the country and created several bitcoin ATMs so that transactions can be carried out by citizens of this country, but if bitcoin adoption has been carried out by various countries then it is not impossible that we will also be able to use bitcoin ATMs to transact

You are right, the logic that you apply here is the total truth, also seeing that ATMs have a money limit I think it would be a safe thing, as long as all the money is not on the card that has the BTC, because that way it is the only way that they can mess with you how much money you may have, and they will begin to find out the origin of those funds, I think that is a dangerous option to be able to take risks, however I think that if I would use it, in my country it is very far from me to go to a BTC ATM, it takes about 20 hours because it is in the capital, but I think I would be able to use it, but with very little money.

I don't see any reason why I would make use of the Bitcoin ATM due to its disadvantages which are

1) It will be easy for the Fed and some big brother to monitor your wallet activities
2) Because it's not decentralization and privacy friendly
3) There's always a ridiculous fee involved whenever you perform a transaction through it
All what I mentioned which the Bitcoin ATM didnt respect are major turn off for me.

The use of Bitcoin ATMs for the public is carried out based on the regulations of each country, so not all countries support providing Bitcoin ATMs in public places, but technologically advanced countries have long implemented Bitcoin ATMs, so other countries will tend to follow developed countries as role model for other countries.

I haven't tested a bitcoin ATM before and also haven't seen it physically. Base on some reviews I read I think it's not yet time for it to be introduced. I believe it would be better when there are no restrictions against crypto holding or trading in many countries.

Isn't it funny though, majority here haven't used Bitcoin ATM, hehehe, well for me if there is one that is near my place then why not?

I know the fees are going to kill me, but if circumstances tells me to do it then definitely I will. Before the pandemic, I'm also thinking of doing this as sort of experiment on my end and to have the experience. But maybe before the end of the year, I will do this as sort of test on my end.

Excellent reading this thread and how everyone’s experience is completely different from location to location I guess. Because of the members claiming that they can only withdraw up to $100 everyday if you don’t upload your documents and daily limit is 2-4K USD (?).

However Some of them are able to withdraw it irrespective of their documents requirement and limitations everyday. This must be from USA since most of the ATM in US are just easy to use scan your QR and get the stuff!

However, I see no point in scanning documents if bitcoin is decentralised.

in my country, there is not a single bitcoin ATM circulating...

the rules against bitcoin made by the government of my country are very strict and bitcoin cannot be used as a means of payment. but I have a friend on social media and coincidentally he lives in a country where there are a lot of bitcoin ATMs there, he said that the fees charged were very large (when we buy bitcoin through the ATM), not so profitable. Is that true?

Why not?, though alot of bitcoin ATM 's are already installed in strategic places in my country, am yet to come across one in my locality.
But then, if or when I do, I can't wait to use them, will love to try it out, if not for any thing, atleast, to know how it functions, when I try it for the first time, my experience with it will tell if I should keep using the bitcoin atm or quit forever, or maybe until it becomes more rampard like fiat atms, atleast by then, there will be plenty competitions among the owners and this will bring transaction fee down.

I don't think i ever will.
First, we went cashless here years ago thanks to the magic of hyperinflation...
Second, its a physical KYC. Those things are recording you and taking your biometrics.
Third you could be spotted and followed by criminals.
Fourth, their fees are not funny. Far higher than any exchange.
Fifth the goal is to never exchange again. Pay and be paid with bitcoin is the true independence.

People from "nice" countries with low criminality and a "stable" fiat, might see a "need" for ATMs, i don't.

if according to the information I know from the literature I've read that BTM was launched in October 2019. The number is still very limited. but with developments that continue to occur and the number of people in need will certainly continue to grow.
BTM has internet access which allows you to make transactions through its machines. The internet network will directly connect BTM with the user's Bitcoin exchange or wallet. This service makes it easy for every user to buy Bitcoin personally, without going through other parties.
about BTM security, your transactions can be completed in seconds. Its anonymity feature provides security for customers to maintain their identity. No details about your wallet are known and shared by others, especially foreigners.

High fees when using bitcoin ATM can be true because if you read above, some users are also saying the same thing. Indeed it's not profitable if you will only depend on it or if you will use it as your primary source of buying bitcoin but they are good for emergency use only like you need bitcoin in an instant and the other sources that you use to buy bitcoin are currently not available.

You are lucky that bitcoin in your country is still allowed even not for the means of payment but who knows, maybe they will change their view towards bitcoin in the future. Don't worry because you're soon going to experience this bitcoin powered ATMs.

No, I have never used a Bitcoin ATM. I am not even sure there are any in my country.That said, I am certainly curious to use one and I hope that some will pop up sooner or later, they seem to be popping up in plenty of places already. With Bitcoin's growing popularity that seems inevitable, I believe.

Bitcoin is having great development daily due to technology advancement, so hearing about Bitcoin ATM made me think how versatile bitcoin has gone in the world and well accepted it is in the world. I am sure it was created to make transactions more easier in terms of withdrawal, and it will make people embrace cryptocurrency and bitcoin more.

I can only use a Bitcoin ATM if it has wonderful features that are not available using my wallet doing transaction. For me, I see no need of using Bitcoin ATM  although, I don't know in the future if there will be a need for it. I have not seen it nor use a Bitcoin ATM before and I don't know what features it has and the reason for it creation. If their is a need to use one and it available, then I will have no choice than to use it.

I haven't used to bitcoin ATM. There is no bitcoin ATM available close to me residence. Even if it is available I couldn't have used it, because through various articles came to know that bitcoin ATMs have high charge compared to the exchanges. Why to spend more when you've got access to make a transaction from your home. If I'm not wrong, it'll take atleast few years time to see a bitcoin ATM in my region.

I think, it is the high fees that comes with it while many people are avoiding this machine. But for some, they just want to try and experience a bitcoin ATM. But for most transactions, crypto users still opt for online trading platforms. Maybe, convenience also is one reason why people are using ATM. But if you want to save some fees, you will look for other online options.

Indeed mate because I myself is a regular user of local exchangers in which more accessible and easy to use , because the price can easily change by seconds so the very moment that i Needed cash then i will automatically convert my funds here or there.
so basically?  KYC is the only problem as we need to complete data from time to time and that made us sometimes doubt the trut on them .

Haven't really stumbled upon bitcoin ATM in our country just yet. Perhaps there's none in our area because we haven't really adopted and legalized bitcoin here, but it is recognized by the central bank and government, though not openly and widely in favor about it. They still perceive it like everyone else not ready for its in-depth benefits. Hence, the reason why none is installed here.

Based on previous articles I've read about it, there are certain fees you'll need to pay for the transaction processes which happens to be a little higher compared to usual. Maybe because this is a kiosk and of course, they have to maintain it. I'm not really sure about the KYC part, but if they really require it if you're transacting amount, it would be hard to drop off details just like that. Especially to those who are uncomfortable with it.

If you're trying to keep your anonymity, I wouldn't recommend you to use a BTC ATM. In my case, I think I would use it...

I am very jealous of countries that already have bitcoin atm hopefully in my country there will be a bitcoin atm soon, maybe in the near future I will visit a country that uses bitcoin I want to feel how to use a bitcoin atm.

Only way I buy bitcoin now because I want anonymity. Use a burner phone paid for via cash and this is how you can still get anonymous bitcoin in the 2020s..... damned I hate I wasn't into this back in the day when you could buy bitcoin on an exchange no KYC needed :(

One day soon probably, they'll get rid of this.

However, with the high rates they charge? 60 f***king thousand dollars for bitcoin when it's only 38k....
Yeah you know, I think that should count as paying taxes.

Everyone may not agree to be required KYC because they value being anonymous for silence funds, but I believe that bitcoin ATMs have to get permission from the government and maybe they have implemented tax rebates and requests for personal data from every transaction on Bitcoin ATM.

I don't think I would ever use one. First of all, they are ripping you off. They buy very low, sell way too high. They probably do it because it is a bit risky to own ATM's but no matter what their excuses are, the fact still stays same, they are expensive to use. Security is a concern too but it is less important. The main deciding factor is their fees and it is not pleasant.

the Only question is for you to use Bitcoin ATM why need to further more? just answer directly lol.

Me? I will use ATM as long as there is available machine in my location , but the sad part is that we are very far from the ATM machine installed , it was in the city while Mine is far from the place.

I often hear bitcoin ATMs in this discussion room. but I've never owned it, let alone used it as a transaction, I've never seen the shape. maybe I'm still in a place where there is no bitcoin ATM. however, if this were in my country, I would set up a bitcoin ATM for card collection and make it easier for me to send Bitcoins as gifts to my coworkers.

I have never tried for once but I have always read reviews about it and also someone that talked about it once on this forum. The complaints has always been the high fees that are involved in making use of the ATMs. I haven’t gotten to see one yet, but if I should see one , the high fees might also be something that would discourage.

And you said in a situation where other sources that are being used are down and not available; I have never been in a situation where the sources that I have been using to buy and sell my Bitcoin has been down. I make use of Bitcoin or I also make use of local exchangers that do peer-to-peer trading.

There is no Bitcoin Atm in my country because it's totally illegal to use any kind of Cryptocurrency. Hope soon Bitcoin will legal worldwide and we will be able to use crypto ATMs. But it's tough enough in my country.

Same here, I also have never used the Bitcoin ATM before and I am not sure whether I am going to make use of it or not. It is something that really interests me that much to use. It is not available in my location, but that doesn’t mean it’s not in my country, it’s in a particular, but it still doesn’t interest me. So, if I am to see a Bitcoin ATM today, I don’t think there would be anything that would push me to make use of it.

First of all I mainly use Bitcoin for transaction, and I have no intentions withdrawing them from an ATM as cash or whatsoever, I just prefer that I have been using it and the ATM seems like one thing that I might never get to try, but if I do, it would be just for fun and getting to see how it works.

i want to know you think that before Bitcoin ATM machine operate. It has to obtain permission from government, it is people that values bitcoin can buy the machine and plant it in especial place were people bitcoin will transact with, and this should happen this way i suggest for the country that did not implement cryptocurrency in their country. Besides Bitcoin machine should be programmed machine like bank transaction machine, all the charges will be programmed to the system for the benefit of the programers and their person who planted it.

The bitcoin community needs to fund a way for people in countries where it is illegal to be able to buy it. Like what's the point of bitcoin if it can be banned?

Bitcoin ATM are not yet fully available in several countries because maybe a country is not ready to accept Bitcoin ATM in its country.
In my country, there are several places that already have bitcoin ATM, but they are very far from where I live, which makes me want to be curious about the form of a bitcoin ATM and how to use it. Regardless I think someday I'll try using a Bitcoin ATM if one is available in the area closest to where I live.

But I see that there is a significant development for developed countries to have many ATM in their countries such as the USA, CADANA, UK and AUSTRALIA and I also found a thread about the development of BITCOIN ATM in this part of the world
https://bitcointalk.org/index.php?topic=5258364.0

So far, there are no Bitcoin ATMs in the location that I have. however, if there is, I might consider the fee. besides that, in my country bitcoin is prohibited from being used as currency, or a medium of exchange, and is only allowed as an investment. so, I think it is very unlikely that a Bitcoin ATM can exist in my location. besides, there are not that many crypto users, so I think it will take a very long time before I can give it a try. Anyway, I want to know the feeling when using Bitcoin ATM. it must be awesome.

You are lucky to live in a country that has Bitcoin ATMs in several locations, which means that cryptocurrency regulations in those countries are crypto-friendly and bitcoin ATMs are added at other points if crypto users increase, even though their use complies with government regulations.

Other developed countries are currently still monitoring economic developments in countries that have bitcoin ATMs and reviewing the number of crypto communities in their countries, but it is possible that in the next few years more and more bitcoin ATMs will spread to other developed countries.

Bitcoin ATM is a good thing, but I think that there are some problems with exchange rates. The other problem of such devices is that there are not many of them, so it's impossible to find one in most locations, while money is usually needed instantly...

I've seen Bitcoin ATMs only in videos from friends that are living in foreign countries, not in person but I would love to give it a try someday, I think the transaction fee will be the same just as when you are sending Bitcoin from your crypto wallet, unless there are some extra charges that I don't know about.

The Bitcoin transaction fee presently is looking good enough and you can get away with a cheaper feel depending on the time of operation because for example I sent Bitcoin to exchange yesterday using $0.80 and today it's $0.56 so you see that it's always lower and higher too.

It is unlikely that all countries will have Bitcoin ATMs as Bitcoin is not yet legalized globally, something that may never happen in the future, maybe we will have a Satoshi island or nation where Bitcoin is the sole currency someday, that will be good for tourism where crypto lovers and adopters will love to visit, how crazy is this?

it seems that a bitcoin ATM may indeed be needed, but it is also necessary to pay attention to the security factor of the ATM. but for me, it's not too important because of the need for transactions, because most of them are done with other banking products. it is also true that there is still not much availability, not to mention the exchange rate that must be done first, it seems that there are still many who need local money for transactions that are very necessary compared to bitcoin ATMs.

You are going to be surprised when you will be seeing the fee lol. The exchange rate is the worst you can find. You have to pay exchange fee and then the "operator" fee. So all together you will be spending extra 5%-10%(in extreme cases) in fees. People use to still use it before because, you didn't have to verify yourself and you could instantly withdraw cash up to certain amount each day without providing any identity. But eventually, all ATMs started to ask for IDs and stuffs, so I don't know why anyone would want to use one, unless it is extreme emergency for them to have cash.

Bitcoin ATMs are actually quite handy when traveling abroad.

You can get local fiat from your "international wallet" aka Bitcoin. It's a great solution for the time being while most countries still not have Bitcoin as legal tender.

It isn't safe, it's cost-inefficient and if you have an alternative (which everyone does) then use the alternative.

The alternative?
P2P markets like AgoraDesk (https://agoradesk.com), which allows you to trade Bitcoin to-and-from for cash, gift cards  and more. The fee is 50-80℅ lower than Bitcoin ATMs, so it's a no brainer to try P2P marketplaces before using an ATM.

In terms of safety, P2P is a lot safer than how ATMs go about their operation.

It is also inconvenient since I have to go out of the safety of my house just to convert my Bitcoin to fiat or vice versa when I can just transact online using either centralized or decentralized exchanges.  Besides micro payment processing apps have cryptocurrency features where we can exchange and convert fiat and crypto accordingly.

Long as they're not the type that asks for ID. Yes. It's the only bitcoin I buy because KYC is very bad to go through to buy bitcoin.

Don't ever give your ID.

I am always worried about being scammed on sites like that. The ATM gives you bitcoin when you put in money. What if someone says they didn't get your payment? But you already mailed out the money?

i guess, that's the main reason why BTC ATMs are not popular even to long-time crypto users. nowadays, it is so easy to access via online trading platforms, and you can easily transfer it to your bank accounts if needed. most are just for experience purposes only why some are trying to use the bitcoin ATM. even the p2p is already very accessible online like binance p2p, and you're lucky if they are supporting your fiat currency because you can easily transfer it to your account. but if btc ATMs will find a way to lower their fees, maybe, some will continue to use their services.

I have never seen a Bitcoin ATM machine before. Bitcoin is not accepted at all in the country I live in. For which no bitcoin or crypto is transacted in my country. Bitcoin is not officially legal in my country which is why there are no Bitcoin ATM machines either. But currently Bitcoin ATM machines are being used in different parts of the world. It's very easy and cool to trade Bitcoin in different ways through ATM machines although I've never done it.  But I have a dream that one day I will use Bitcoin ATM and fulfill my feelings.

No, I have never seen or experienced a Bitcoin ATM with my own eyes. My country currently does not accept bitcoin as a legal currency, although I see quite a few people who know about it and use it as a form of daily payment. The government is still advising people on traditional media not to use cryptocurrencies because of the dangers. That's why it doesn't appear in my country. Although I see a lot of countries have this form, I have not experienced it, so I don't know how, but maybe this is a good form that solves many payment problems.

I think, it will be difficult for me to use Bitcoin ATM in my country, because Bitcoin is not legalize in my country and there is no way government will allow such a machine to exist now in the country. Based on the information I had from those citizens their government made it legal tender, they are enjoying the benefits that attached to it because the network work is more faster and safe compared to fiat ATM machine that is giving fiat ATM users stress before the transaction will be successful. Since our government is working towards it, to ensure the citizens have access to Bitcoin in the country show that very soon there will be Bitcoin ATM machine everywhere in the country so that Bitcoin users can have access to their Bitcoin through ATM easily.

Bitcoin ATMs usually have a large fee, so think of them as convenience stores. It's much cheaper to exchange your Bitcoin at a local exchange where you would pay a lot less in fess, but again, that would require having a local bank account, which might not be possible if you are just visiting a place for a few days.

BTC ATMs are pretty much useless currently primarily thanks to the crazy high fees associated with BTC transactions. You would need to pay upwards of 10% or higher as fees which is completely messed up.

Purchasing from p2p platforms is way, way better in comparison since the fees are extremely low and there are a plethora of domestic and international payment methods available.

I advise avoiding such ATMs completely unless you need BTC urgently for various reasons.

There is a reputation system and an automated escrow system on AgoraDesk to counteract scamming. If you only deal with reputable traders, you will never be scammed.

If you are mailing out money, the buyer/seller will have their coins locked until they receive the cash. If they claim they don't receive it, the team can intervene and review the case. Again, this very rarely happens if you deal with reputable traders because their whole business can stop with one bad review or issue. There's no point in scamming when you can make 3-10% per trade for as long as there is demand.

Never to date. Even I can only see history, that in my country there were once 3 crypto atms. When I have identified crypto it is no longer operational. So currently my country has no crypto ATMs operating. There is no operator in my country yet. Although currently my country declares Crypto legal as a commodity asset. But I am happy that the development of the number of crypto ATMs in the world has increased drastically. That proves that they are growing steadily in some large countries and it is likely that they will continue to grow.

I have never seen a Bitcoin atm before, neither do I even know how it works. But it will be fun to see it and actually use it, but I doubt if that will be possible any time soon in my country. But hopefully, someday, I get to buy something using BTC atm.

I would if I happen to stumble upon such during my travels. Bitcoin ATM machines should be available in El Salvador being that they are top BTC users and has it as a legal tender.

The technology would have to have currency conversion mechanism incase I want to change my available local fiat to BTC for withdrawal.
The noteriety of such would be known is more countries get to adopt it as legal tender.

I haven't seen a bitcoin ATM or how it looks like but am sure it would not be of a big difference compared to the conventional giat ATM we're using except that the features could be different so. It would actually be helpful for bitcoin users to have a bitcoin ATM close to their location for convenient transactions away from fiat usage. One of the challenge why the ATMs are not see everywhere is because for now bitcoin hasn't gained so much acceptance among people today but with time just like it was with the internet at first, everyone will definitely come to accept it usage.

I worked hard for my small hoard of Bitcoin and I got no short-term plan of using them just to buy anything that I know I can use my usual cash or card in doing so. I know that this can be the HOLD mindset but in my country getting some Bitcoin is not as easy as getting into the grocery and then pay for anything your eyes laid into. Now, in case there can be a time when I would have millions of dollars worth of Bitcoin in my card then maybe I would be using the available TM to withdraw some cash. Generally, mainstream population is not yet so addicted to the idea of BTC ATM but having one near can be so convenient.

Honestly Bitcoin ATMs are great for people who like the convenience of it, but I wouldn't recommend for purchasing a gift for someone, just buy BTC elsewhere and have them set up their own wallet before you give it to them, and explain it to them and how to use it especially if they are new to Bitcoin. Not quite related to the question but just for anyone else here who might think Bitcoin ATMs help with anonymity.... you can't really argue the case for anonymity because transactions over 10k get reported but even if they aren't over 10k they still have KYC in place which requires them to know who you are, they will have a picture of your ID in most cases and a phone number. The high fees really aren't attractive at all, I wouldn't ever personally use a Bitcoin ATM to buy/sell crypto because the high fees are awful.

As someone who used bitcoin ATMs for years, I agree that fees are generally not very competitive, but I woulnd't call them completely useless because every once in a while you might get into situation that you need money ASAP and I that's how I use them atm, as a last resort sort of thing.

Regarding fees, they can be lower than that as the one I (very ocassionaly) use has 6% fee. Few years ago it used to be 4.5% but after owner increased it to 6%, I started looking for other ways to buy/sell bitcoin.

I have never done that because there are still a few in the country I live in even though it already exists but seeing from some of the news currently in my country in Indonesia there are only 3 bitcoin ATMs of which 1 ATM is in Jakarta (the current capital) and The other 2 are in Bali which is indeed famous for foreign tourists visiting and traveling there.
Indeed it is still tempting to try at least once because I want to experience using something like that but indeed with a considerable distance from my area it is still not possible for me to try a bitcoin ATM but with this it is possible if you look at the current public interest in my country is quite good with bitcoin so there will likely be additions and my hope is that it will spread to several other cities in my country.

Yes, saying useless is also not right, although maybe the costs we have to spend are so high. But when one day we need it, it will be very useful. Maybe now say it's useless because we don't feel we need it so much yet because we can still use something else.
On the other hand, for me personally who hold bitcoin for the long term and don't want to spend it on something that I think is not important, I would avoid using it. Yes, it's better for me to use the money in my trouser pocket than having to spend bitcoins to buy something.
and anyway where I live, I have not found it.

     It may be that in the places where bitcoin ATMs currently exist, they maintain a high rate due to the low demand they are having, since people prefer to opt for another means to carry out transactions of this type, and above all for the security that they have provided them and that of course the costs for carrying out these operations do not cause notable losses. But I guess as many more countries get involved in this currency and more and more of these withdrawal options are implemented, it will become more crowded and therefore could lower those fees. The truth is that I have not used that type of ATM where I live, what is more, I can say that there are none in my country as such, so I doubt that I will be able to see one for a long time, I would like to be able to experience how they work, but it would be mere curiosity , I still prefer the P2P operation.

Once you have bitcoin, then no one can stop you from using it for peer to peer transactions, and they may or may not be able to verify that you had used it in such a peer to peer transaction.

Of course, if you live in a country (jurisdiction) in which it is illegal to transact in bitcoin, then you need to account for the various possible risks of getting caught in such an activity that is legally prohibited...

It seems to me that one of the concerns that a lot of normies have is that there may well be limits in which many or most if not all would not want someone to tell them whether they can engage in such activity or not - which includes the ability to communicate with others (of your own choosing) and also being able to transact value with others of your own choosing with modes of transaction that are of your own choosing...
so whether or not those kinds of laws are just or enforceable could surely be subject to pretty rigorous debate - and the answer would not be clear about whether certain kinds of your interactions should be controlled (even if it could be controlled).  Bitcoin does seems to scare people who would like to be able to control your behaviors in some of the kinds of ways that seem to be overreaching, even if some of those same people may well claim that they are "doing it for your own good" or "doing it for some kind of a socially acceptable/justifiable reason."

I have not seen any one around me so I don't even know the shape of them. It will be nice and safe to use ATM machine for easy purchase. Bitcoin ATM will be very effective in a country that has adopted Bitcoin as a legal tender which all the shops use the machine both the wholesale and retail stores. But not in a country that has not accepted Bitcoin for transaction. I will love to use the machine if I have the opportunity.

Bitcoin ATMs are a lot of fun to use. These days, I seldom ever see them maybe because of a change in location. El Salvador, perhaps, but in some of the cities I've been to, I have yet to come across one that is actually in use. I feel that buying through a DEX or CEX is more convenient than using a Bitcoin ATM. I used cash to test out a Bitcoin ATM in California a few years ago. I began by choosing a price $20 for the Bitcoin I wanted to buy and entering a phone number for identification. To complete the verification process, an SMS code was issued, which was then input. A brand-new Bitcoin wallet was made with a private and public key, with the transaction using the public key. The $20 worth of Bitcoin was bought after scanning the Bitcoin address's QR code, and a receipt was printed. Later, I moved the bitcoin to a wallet with higher security.

Regarding my own experiences in using a bitcoin ATM, I have ONLY done it once (or at least a few times at one location) -, even though I frequently look out for Bitcoin ATMs in order that I can verify if they are actually working and maybe to try to figure out what the fees might be.

I remember many times when I was in Los Angeles between 2015 or 2016 and 2019, I would interact with other bitcoiners and they would tell me about their ATM experiences, and surely the fees varied, and even their comments about the uptime varied, but I never did visit one of those machines myself. 

When I was traveling in Mexico in early 2021, I purposefully was searching for ways that I might be able to sell some bitcoin and to get some local cash.. so I spent a lot of time trying to find Bitcoin ATM machines that were open.. and there were some issues, at that time because the pandemic was going on.

I recall looking for Bitcoin ATMs in various locations, but it seems to me that only one of the 5-6 machines that I actually found was working for withdrawals (selling BTC).  I found some machines that were completely shut down, and some that were shut down only for withdrawals but were available for buying BTC.

The one machine that I was able to withdraw was at a Cafe called The Bitcoin Embassy in Mexico City.  They required that the bitcoin gets sent from a compatible wallet (which they told me was Coinomi), so I had to come back after I had loaded a Coinomi wallet, and then they had a max per transaction and a max per day, so I had to do 2 transactions each day that I went there in order to reach the daily max.. , and the only verification that I did was to provide a phone number (which I am not sure if there is a need that the phone number is a KYC phone number).   I recall that the fees were pretty reasonable.. something like 2 or 3%.. so I was not complaining abut the fees.  Each time, I did have to wait for 3 confirmations before they would release the fiat to me (Mexican Peso), which was something like an hour wait each time..

Ultimately, it seems to me that there is going to be a decent amount of variance in terms of fees and in terms of availability of these kinds of BTC ATM options, and it also seems that if there are desires to make the machines competitive, then they do need to attract customers, and if there are more machines, then their fees would likely go down.. or if there might be other ways that people are just skipping the use of machines and then just interacting directly peer to peer.. but a tourist might not have those kinds of possibilities, and even a local person might be limited in the number of folks who might be willing to transact with him/her to buy or sell BTC.  It's good to have options - but through the years, the kinds of options that might be available are likely continuously changing and they will also vary based on geography (being in a city or rural, or whether you know people in the area or have ways of meeting people, like if there were bitcoin meetups.. which is also not very common in most smaller cities - even if some bigger cities might have bitcoin meetups - but that is not even guaranteed - even the governmental/regulatory atmosphere might be hostile to bitcoin).

There is no Bitcoin ATM here in my city as far as I am informed and if there were some, I am almost sure I would not use them. It is rather a very poor decision, keeping in mind the poor administration of justice in this country.

I would rather people around me and all strangers to continue to be ignorant on the fact I hold some satoshis... actually, people interested in Bitcoin here hold on it to safely save their money from both inflation and crooks.

Bitcoin is very popular cryptocurrency world wide. And many country legalized it. For it’s transaction smoothly, created many ATM booth where people can easily convert Bitcoin. Many country set new new ATM booth bor customers flexibility. But i never use Bitcoin ATM booth. Because Bitcoin is illegal in our country. Few month ago Some people wanted to set-up a ATM booth but they are not successful for considering about security issue. But i know our neighbor country set Bitcoin atm booth. I want to go there and use that bitcoin ATM booth.

I have never withdrawn money from ATMs created to withdraw bitcoin and other cryptocurrencies.
Firstly, there are not so many of them in the country where I live - probably only in the capital.
And secondly, I would not like to show my face as a person cashing out bitcoin. I am sure that there are cameras there, and if the laws are tightened to cryptocurrencies, then there will be a problem.
And thirdly, I am glad that we have P2P Binance, which allows you to withdraw money quickly, without commission, and you do not even need to leave home anywhere and risk your anonymity or security.

To use bitcoin ATM is not a possible thing at the moment. To make use of it I need to have separate plans and proceed, because it isn't nearby. Maybe when I travel out of the country I'll get opportunity to use it. For now I'm not interested into it. The fee is very big, 15% - 20% as fee will never make people get interest into it. Maybe in future if the government takes a stand to support or legalise the usage of bitcoin I'll set-up one bitcoin ATM, because the revenue is quite good around 10% - 20%

I've never tried using a Bitcoin ATM since, first and foremost, they're not available in my area. If there is a Bitcoin ATM, I would never use it since many people are watching you and believe you are wealthy. So it will put your life in danger, especially today that there are so many bad individuals around hunting for a victim. If you're familiar with the $5 wrench attack  (https://cointelegraph.com/news/5-wrench-attacks-appear-to-be-on-the-rise-in-the-crypto-community), a security expert advises us not to tell anyone that we have a cryptocurrency. Aside from that, there has already been a situation when a Bitcoin ATM has been hacked (https://www.bleepingcomputer.com/news/security/general-bytes-bitcoin-atms-hacked-using-zero-day-15m-stolen/), indicating that it is not secure.

Same case also applies in my country and at some point I don't think they might want to build new bitcoin ATM in my country if it finally gets legalized in my country because I'm sure that the government  would want to seek for every way to task its users and they might simply just incorporate the bitcoin transactions in the regular ATM machines available  now in the country as that will even make it easier for the government  to task bitcoin  even on ATM withdrawals.
I've read of some news where it was stated that bitcoin  atm transactions are way expensive and cost more as compared to the online transactions.
So I wouldn't have to use the atm if the news is correct when I can simply do such same transaction with my phone.

I will say on my behalf concerning bitcoin ATM machine, for me I have not used Bitcoin ATM before and i only read the instructions and use the experience of fiat ATM machine to compare others, i believe that Bitcoin ATM not most people that knows exactly how it functions mostly people who is living in Africa party not all who knows Bitcoin or who is in forum knows how to make use of Bitcoin ATM machine.

Your Bitcoin ATM perspective is intriguing, no doubt. Governments eyeing Bitcoin taxes? A prickly topic. Bitcoin was the ultimate tax-free haven, but now with its rising star, governments want in on the crypto action.

On the Bitcoin ATMs, your doubts seem valid. Sure, they might have steeper fees than online dealings, but consider this: their unique selling points include unmatched access and secrecy - benefits sometimes elusive online.

But if costs skyrocket, are we better off online? Let's chew on this, friends. Do the pros of Bitcoin ATMs justify the price?

We don't have it in our city yet, and as soon as we have it available here, I want to try and post my review in this community. Maybe there are not many businessmen willing to take the risk here or they don't have enough knowledge. Perhaps if there are some Bitcoin events in our city, they will consider installing some here too. I would like to try to withdraw from it and I wonder how long it will take because it depends on its speed when people want to use it or not.

Generally withdrawals and are instant if the network fee is 100℅ likely to be accepted and does not have RBF (replace by fee) enabled within the transactions. The main problem are fees and lack of privacy, since you are in a public place. The moment you go to a Bitcoin ATM, you open yourself up to the public knowing you have both cash and Bitcoin on you. That's a large risk. The next problem is the generally exorbitant fee that comes with using them.

There are limits though, so a Bitcoin ATM is not that different to a legacy ATM. I would say most people are comfortable to go to a cash ATM, so they should be comfortable to go to a Bitcoin ATM.

It's just what's funding the cash withdrawal that is different.

But yeah, the fees are crazy. Although it's the price of convenience. You might use them from time to time when visiting a new country, that's fine. For everyday transactions of course there are better ways.

Many people disagree with excessively high fees, but after watching this video, I became intrigued to give it a try.
https://www.youtube.com/watch?v=rXXPuHRBhB8

In the video, the transaction process appeared incredibly straightforward, and it seems that neither a private key nor KYC is required, thus ensuring anonymity for the funds. Furthermore, the units used are based on FIAT currency. So, when you wish to withdraw $10 from your BTC wallet, the machine automatically generates a QR code for a transaction that needs to be completed with the equivalent amount of BTC valued at $10. I still find it comfortable to use.

Regarding the fee issue, I haven't obtained complete information about it since there are no BTMs in my country. If there were Bitcoin ATMs here, I would be highly interested in trying out fund withdrawals.

 No, because I know how to buy bitcoin and don't want to pay a fee for that.

But I think Bitcoin ATMs are a good thing because they rise Bitcoin awareness and help people who don't want to buy bitcoin fast using cash to do it. I think any idea that will popularise is a great thing.

Now you literally can buy it on the street lol. Looks like mass adoption people were talking about for years.

It's the same as in my country, namely currently in my country there are no Bitcoin ATM machines. So even though many bitcoin users in my country and even the government also support crypto learning for the community, because in this country Bitcoin and all crypto coins are only considered as commodity assets. then of course with a status that is still illegal as a means of payment in this country. then of course there will be no bitcoin ATM operating here. although in the past I had heard that around 2014 to 2018 Bitcoin ATM machines had also existed in my country. but now everything is not working.

I personally might like to have some experience in using a Bitcoin ATM. But I have to hold back my desire because it's not available here.

I think that the key difference is that if someone tracked you and hit you with a wrench, told you to open your bank account and send them your money...not only would authorities and banks be able to easily track who the perpetrator was, it would be an act that no one could really get away with in this day and age.

On the other hand, if the same thing happened with Bitcoin, how could one possibly find the perpetrator if they managed to evade surveillance?

When looking at it from this perspective, you can see that the funding source is not the only difference - so is the risk.

 I have never used a bitcoin ATM machine before but I always feel like crying or not unfortunately the opportunity last never arrive although I would like to say that bitcoin ATM doesn't really matter much because it is clear that bitcoin can never replace Fiat currency so

I expect less countries to install bitcoin ATM anyways because it's not widely accepted as means of payment, even most Bitcoin investors don't see a big reason to use a Bitcoin ATM,. Another worrying part of Bitcoin ATM machine is the transaction fee there will always be an extra charges when you use any ATM machine or maybe I'm just wrong?

I would like to know more about this anyway if anyone can drop my information if users are going to spend more money on the transaction because they're using a bitcoin ATM machine then it will make less of sense to them.

I thought Bitcoin ATMs were decentralized. But after reading some of the replies,
it seems clear to me that, it is not. Why do you need to provide personal data to withdraw Bitcoin from ATM? I have no experience with Bitcoin ATMs, but after hearing this and that, all the good things about them, I really wanted to try that out. But now it seems illogical.
Isn't it better to us CEX than Bitcoin ATMs? You can be anywhere in the world and still use it through internet banking. But with ATMs, that's not possible and it is quite a hassle. Not to mention the fees! I don't see why should we use something like this! Maybe a hype of new things/concept that will lead people to use it. But I doubt they will use it for a long time. When the hype is over, they will lose interest too.
For experimental purposes, I may use it once. But doing it over and over is not a choice for me.

I manage to try using a Bitcoin ATM when i visit a place somewhere far from my location ( as there are only 2 ATM for Bitcoin at that time in my country) and yes am happy having used the machine but suddenly the ATM was closed year after my using.

and if having a chance to have there agaiN? yes I will use Bitcoin ATM again and Again.

I don't have Bitcoin ATMs in my city, but I wouldn't use them anyway. Why would I? I can purchase and keep my coins in OWNR wallet, and I don't even need to get out to do that. Crypto is about the future, and ATMs are technology of the past.

There do not need to be higher fees, and there had been some B ATMs that had been set up in such a way that they try to maintain balance in order that they do not have to be serviced as frequently. So if the machine has a shortage of cash, then they would have lower fees for buyers, and if the machine has excess cash, then they would have lower fees for sellers.

But, yeah, BATMs are likely to attract less usage, if people perceive that they have other (and even better) options in regards to fees - and fees would not be the ONLY factor.. but surely KYC and even some of the security concerns of going to a BATM, then there is some element of potentially being known, found out or even followed (so various costs/risks to account for rather than merely accounting for fees).


You are not being imaginative enough tjtonmoy.

Someone traveling might want to get local cash, and a B ATM could give them a potential option... does not mean it is the best option, but it becomes an additional option if it is available.

Another case, someone might want to buy BTC, but they do not have or want to create a CEX account.  BATM gives them an option... and there may or may not be KYC, depending on the amount transacted and depending on the jurisdiction.

Sure there may well be "rouge BATMs" especially in the earlier days of bitcoin, but many countries (or even local governments) are going to have rules about some of those kinds of operations, so there could be some rouge-ness, but if they find out about some activities happening (such as BATMs), they might crack down on them, even if they might not have had any previous rules agains them, they might choose to crack down on them based on "concerns" that are reported.  Difficult to be decentralized when there is a physical device - and yeah there likely are some operating in obscure locations - but they would be difficult to find out about or do you want to go to the basement of "Johnny's bar" to conduct your BATM transaction?  Maybe your ok with that as long as you know and trust Johnny or someone who had referred yo to such private BATM... and meet-ups can be similar in terms of finding someone to conduct a direct transaction, there might be some level of trust - or maybe preference to meet in public in order to feel less vulnerable in regards to certain kinds of attacks that might end up happening.

i just seen bitcoin atm's in images of el Salvador, I think there is no private key or anything like that in bitcoin atms, it works like this the amount of cash you want to exchange for bitcoin is inserted into the atm, then you need to enter your wallet's address in the machine. the cash will be exchanged for Bitcoin at the current market rate and sent to your given btc address.

i would like to use bitcoin atm's if it will become legal tender in my country and it is good choice if fee of exchanging are lower then online exchange.

Exactly i have never heard someone using ATM to buy Bitcoins and Withdraw money using ATM, most of the times may be some of them try ATM's to just experience that particular option, I can surely say that not even 1% of people who use BATMS are going to be regular ones.  

Also as you this facility is not widely available as well, particularly on local scale there are just few countries offer such facilities because Bitcoin is not at all accepted as legal tender in most of the countries still the activity related to crypto or Bitcoin in these countries is based on the P2P and DEX's.  

I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!

I've never used nor seen Bitcoin ATM personally. But if ever I will see one, I probably won't use it either. Most likely that those who wants to try to use Bitcoin ATM are just for experience. But after one experience, they probably won't use it that much. The ATM isn't really convenient since you can make transactions on your phone instead of using Bitcoin ATM. Also, paying a high transaction fee isn't really worth it for most users.

It's been quite a long time since I first heard about Bitcoin ATM and until now, there are only few machines installed in our country, and I don't even know how is it going. It's just great to have a machine installed somewhere with a lot of passerbys, displaying the name and logo of Bitcoin that might caught other people's attention.

Well.. usually at any given time, a person is going to be on one side of the trade.. they are looking to buy BTC and they might be shopping around for options or contacting people or looking at registering on an exchange, and if they have a BATM available then they might look at the prices (including fees) and decide if that might be a good option for them.

At some later point down the road, they might be interested in selling, and they may or may not be in the same location.. .whether they need cash or if they might want to purchase something that is not being sold in BTC.


Sure, you have suggested that Bitcoin does not need to be accepted as legal tender in order for people (and/or businesses) to decide to transact in it, and the extent to which local regimes are hostile to bitcoin, then the transactions may or may not be able to be done openly or maybe they have to be done secretively.  It seems that even regimes who crack down on an activity may well not be successful in discouraging everyone from engaging in such activity.. including something like money or bitcoin that has already been built to be resilient to governmental (and other kinds of) attacks.. and sure, the attacks still might take place, but people also might decide to go underground with their activities, or even further tools can end up being developed so that people might still choose to transact in bitcoin - and surely we are at a state in which there is some governmental interest in clamping down on bitcoin, but governments are made of people and people do not always agree on policy directions including that there might be some friendliness towards bitcoin, and we are witnessing those kinds of disparate government policies and practices in current times.

Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.

Well I won't say I have seen or used any BATM,  but with the videos I have watched about the tutorials on how the BATM works I think I can draw a conclusion that the used of the BATM is pretty secure and safe. Especially with the BATM thats deals with QR code scan. I would love to try out one someday maybe in means of buying bitcoin but the major factor is that the machine's are pretty limited and only few personal business have these installed in their firm seeing that the use of bitcoin is still somehow prohibited in the region.

Yea, about the card security. And not only. We also need to trust that the ATM will not do anything shady under the hood. I like more the p2p way or some apps like peach, relai or some such! They are not kyc free but are way better than using exchanges with non-custodial wallets!


I never blindlessly trust anything regarding 3r party services! I mean, it seems secure, but we never know when there is something shady going on under the hood! Andd still, the major factor are probably the fees. We now have pretty high network fees due to ordinals crap and etc, and don top of that there will also exist the service fees!

It would be quite memorable if you could use a Bitcoin ATM Machine. I have also never used one because it is not available in my country.
In the past, it may have been available, but now it's gone because of some rules that prohibit the use of Bitcoin ATM Machines.

You can easily see where Bitcoin ATM machines are available on this website:
https://coinatmradar.com/

There are about 36150 Bitcoin ATMs available, but I don't know if that is a valid number or not.
But there are already 72 countries that use it, there is a MAP that shows the location of each Bitcoin ATM installed.

None here that's available or that I know of, so I haven't really used a bitcoin ATM all my life. Would like to try it at least once though, if not for the fact that I've heard circulating stories about these bitcoin ATMs becoming the new brooding ground for thieves who go out there stealing your info and in turn your crypto. So as much as I abide by the YOLO motto, and as much as I would like to use a bitcoin ATM for the same reasons, I don't think it's that worthy risking all my investments just so I could experience it one time.

I don't see it as something that would see much use either, at least for now. Global adoption hasn't arrived yet and would likely not arrive within our lifetimes if the current rate at which bitcoin is accepted by the public and the government is followed, but no matter. All I'm saying is that it's not as major or as beneficial as others make it out to be, as it stands today, these ATMs are more like a gimmick rather than a usable item.

In the future, perhaps, yes. If I get my hands on a bitcoin ATM, I'll try to utilize it, but it will depend on the costs that are assessed. I will happily use it if the fee for each transaction is less than $2, but if it is more than $2, I won't force myself to use it. It is preferable for me to stick with the one am used to than to spend extra money in the name of using a bitcoin ATM when I can't actually touch or feel the bitcoin itself outside of the transaction.

Yeah, for normal day to day living I don't think it's that great.

But if you are visiting a foreign country, the ATM fees from your bank might even be larger than the Bitcoin ATM fees in some cases.

I'd refrain to use it, people would know about me using Bitcoin for the "privacy" things and it would make some sort of attraction because it's a rare thing for people to use that ATM in the first place. Also in here, Bitcoin is still illegal as a payment processor so Bitcoin ATM won't be released in the future for long time. I'd just do it at home whenever I want to withdraw some Bitcoin to my bank account, it's much easier.

for sure there will be no Bitcoin ATM machine in your area and even myself I wont be using it if it is illegal in our country but I would happy to try it if I've seen couple of people trying it because it is like a new experience in using it and just want to know how it works but again it should be also in sneaky pattern not that anyone can see you, it is still the same with how you withdraw in bank ATM machines

As Bitcoin is not valid in our country we are deprived of this benefit. When we keep money in the bank then we transact through ATM card if Bitcoin is legal in our country then we can take advantage through Bitcoin like we can take advantage through ATM card. You will find that all the countries that declare Bitcoin legal are not accepting ATM card transactions. That's because Bitcoin doesn't require any bank transactions, but it would be great for us if that were the case.

unfortunately I never had the opportunity to personally see a bitcoin atm, and I blame my country's government for that, because in my country the central bank requires that anything related to money has a license, so if anyone had the idea of putting a bitcoin ATM in my country that person would need to create a company and to be able to have a license to operate in my country and then he could already have the bitcoin atm, but there would be another big problem that in my country ATMs are the main targets of thieves, That's why in my country every ATM has police and private security companies to control the ATMs

this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank

Why do people do this?

They say:  "my country" and they expect everyone to either know what country is being talked about or we have to go back to your various other posts to try to figure out which country you are talking about (like a puzzle).  

It's a bit annoying.. and if you don't want to say that it is your country, then just name the country.. or maybe a group of countries that you might believe (or have knowledge) to be similar or something to specify.. it would be less annoying to be able to see what country you are talking about without my having to do a bunch of work to try to solve the puzzle that you set forth..   which could even mean that it is gobbledy-gook on purpose?

They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs.
When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.

I guess you are right on the need to allow yourself get exposure to new things first before making any comment or decision on them,  that way you have better knowledge of the subject matter,  and for the sake of clarity,  Bitcoin ATM is not like the physical fiat currency ATM so for that the availability of physical cash at Bitcoin ATM may be unnecessary and at that, the bitcoin ATM possessed some form of security compared to traditional ATM unless if the Bitcoin ATM is used for cash withdrawal and of that be the case then it comes with another attachment which is the location of the ATM,  because most bitcoin ATMs that dispense cash are all used as pos in terminals and malls were security are almost guaranteed.

But since most Bitcoin ATMs are used to buy Bitcoin into personal wallets it then becomes less risky for its users compared to traditional ATMs that only dealwithith physical cash.

I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition.  If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that?  In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.

The physical functionality of the BATM machine for priority making cash deposits to buy bitcoin and cash withdrawals according to the calculation of bitcoin market prices, the use of BATM machines is related to cash so that BATM requires the availability of cash from deposits or cash withdrawals to users. I have reviewed several videos in countries that already operate BATM, so the function is not much different from ATMs from conventional banks, but the advantages of BATM are high security to protect user data, anonymity and accessibility which are easy to access for using BATM throughout the city.

It's been a very long time because if I'm not mistaken some of the news related to this matter, ATMs in Jakarta and in Bali have been around since 2014 and 2015 and that means they've been there for almost a decade, but looking at the site about the circulation of Bitcoin ATMs that there are in every country https://coinatmradar.com/countries/ I didn't find a Bitcoin ATM in Indonesia, I don't know if this is indeed no longer used or if there really were some things that weren't tracked because I also couldn't find an accurate source regarding Bitoin ATMs which is in Indonesia.

This can be used as a good benchmark because indeed when we feel we are there, indirectly, we also know that there are certain things that we feel will become experiences, so in this case it is really important to feel before commenting.
This can also be said as a review in my opinion, but sometimes seeing from the current conditions many people do comment whether it is positive or negative without feeling it first and only focusing on references from other people's responses. it's not strange because actually when talking about bitcoin the stigma is always like that when a lot of news about bitcoin circulating is negative, the stigma of ordinary people about bitcoin who don't feel it will definitely be negative also includes all forms of attributes related to bitcoin such as These bitcoin ATMs.

Yeah, I think it's a great way to access cash when visiting another country.

Instead of using your bank card you can fund that cash directly with your Bitcoin. Maybe the fees of the bank would have been higher in some countries compared to the Bitcoin fee. It depends.

Once I travelled from my city to another city just to try using their bitcoin ATM but suddenly that time? it was off line/or not in function so i failed.

Now that there are multiple Bitcoin ATM near my office , so lucky that I can use it when I wanted and that is the help of adoption and our support each time we have chances .

There is no crypto ATM in my country. One guy tried to install it here and he was arrested for it citing legal issues.

I have not make use of ATM machine before but due to a series of discussions of ATM machines of bitcoin I have read before in online when I see the machine I can operate the function buttons, not may of us who is uncivilised country is opportune to see Bitcoin ATM machine I believe that machine does a similar function with money dispensing ATM machine, with the knowledge of someone who has being operating this particular machine that dispense money can equally do same thing, but to be sincere I have not come close or set my eyes on bitcoin ATM machine in any were before

It may be because someone don't wanna name there country to hide there geographical location. But I do agree with you that we should name our country so that people can easily figure out from where one is taking about. If you don't name your country then whole discussion remain useless.
To question posted by OP regarding use of Bitcoin ATM, I would say in my country aka Pakistan crypto is ban. So there is no ATM in my country and that's the reason I cant use it. If I have the opportunity to go abroad and have chance to use it, I will defiantly give it a try.

Yeah, I agree, it's a bit annoying but also somewhat common.

Like people for example saying it's summer now, or winter, when in reality half of the world is living the opposite.

Or saying good morning, or happy Friday or whatever, because of different time zones people will be living the opposite of the day, and might even living a different day right now.

Basically people make the same assumptions they do in a local conversation, and forget that online conversations might have people from all around the world. Which is understandable, as we evolved with local tribes, not internet connected communities  ;D

Same to you.
I am a citizen of Bangladesh and in my country bitcoin has been declared completely illegal by the government and central bank. Citizens of Bangladesh cannot use Bitcoin publicly but we trade Bitcoin to my local currency "BDT" or BDT to Bitcoin through P2P trading through Binance Exchange. In this case, we use our native payment system, Nagad, Bikash, Rocket and Banking system. But if Bitcoin was legalized in our country then we could use ATM system like other countries.

We are still a way far from that. I don't think Bangladesh will legalize Bitcoin anytime soon because most ministers and government officials do not understand Bitcoin. Only a few people, like ICT Minister Zunaid Ahmed Palak, understand the concept of Bitcoin, and he spoke a couple of times to think about it. He invited Central Bank of Bangladesh officials to meet to discuss Bitcoin. I don't know if they had an appointment, but I heard nothing positive about it.

Bangladesh usually sees what its neighboring countries are doing and what technology they are using. India already legalized Bitcoin with a 30% tax (Which is ridiculous) on profit. Yet Bangladesh did not think about Bitcoin yet. Maybe we won't be able to see the legalization of Bitcoin in Bangladesh. But good luck to the next generation!

Literally speaking for me Bitcoin ATM is good to use for Bitcoin holders. It's just that here in my country there is only one place that is known to have a Bitcoin ATM, and it's far from where I am. So he is not practical to me.

But even so, there are still many other alternative ways for me to use Bitcoin, because there are many merchants who accept Bitcoin in other establishments, so it's okay for me.

In nations with a more conventional financial mentality, such as Bangladesh, Bitcoin's reputation as a confusing tangle of algorithms and codes may prevent it from gaining widespread adoption. Yes, you're right; Bangladesh is seriously behind in this area. However, this is not always a dead end. Despite early opposition, other countries, like as India, have already approved Bitcoin. The 30% tax is rather high, but at least it's a beginning. Leaders and government officials in Bangladesh should make learning about Bitcoin a priority if they're serious about implementing the technology. They run the danger of impeding both innovation and economic progress if they dont.

Our neighboring country India where Bitcoin is legalized with 30% tax and their political and economic conditions are much better than Bangladesh. Although they legalized Bitcoin at 30% tax but the political and economic condition of our Bangladesh is so bad that it is not possible to legalize Bitcoin even at 70% tax here. If the government of Bangladesh legalizes Bitcoin, its country and banking system will be in dire straits, never legalize it.

https://www.talkimg.com/images/2023/07/03/SbG68.jpeg

Since there is no acceptance of Bitcoin in Bangladesh especially by the government, there is no system to install Bitcoin ATMs in the country. However, I searched on Google and saw that there is no Bitcoin ATM here.

India have got 30% tax on gains. Along with it there is a 4% cess and on trading there is 1% tds. Thats a huge money, apart the bitcoin ATMs charge a hefty fee of 15-20% which makes buy/sell using bitcoin ATM very expensive compared to what's been charged on exchanges. I haven't used Bitcoin ATMs, maybe installing bitcoin ATM is profitable.

That is some messed up stuff. The Indian government tried banning all cryptocurrencies again and again only to fail miserably which is why this is their new strategy to try and regulate the crypto world.

BTC ATMs in countries like India are completely useless since you will end up spending way more than required to purchase BTC.

It is very clear that any country that does not legalize Bitcoin cannot use a Bitcoin ATM. Those of us who could only make Bitcoin and other types of crypto as a commodity asset had a Bitcoin ATM but it has been several years since it no longer exists due to the number of users, fees and regulations.

Talking about if Bitcoin and crypto were legalized, we would also be able to use Bitcoin ATMs especially since they were already available.
Because Bitcoin ATMs are better in security even though they look like fiat Bank ATM machines.
However, considering that we both live in countries that do not legalize Bitcoin and crypto as legal means of payment, we can use an exchange that supports buying Bitcoin and crypto using a debit card.
Let's take advantage.

Mentally, it feels like you feel happier because you used Bitcoin ATM and supported Bitcoin usage in some way but on another hand, the exchange rates of these ATMs are so terrible, I wouldn't really use it, I don't want to benefit bad businessman who tries to rob me via exchange rate. Yes, I understand that there is not a demand on it but the demand won't grow if ATM owner keeps such a high rates, like I have seen 10% and even more on some ATMs. Sadly, there is no true bitcoin enthusiast in Bitcoin ATM business as far as I guess.

By the way, is there any Bitcoin ATM in this world that offers Casascius physical bitcoins? That would be very interesting.

Well, I am very sure that Bitcoin ATM users will avoid those Bitcoin ATMs that are configured for buy only because since those BATMs most time request for ID scam before if usage and transaction it then means that the Bitcoin ATMs for buy only are drawing us closer to centralization since that bitcoin bought through the buy only BATMs are traceable to individuals since there is a submission of IDs.

But I can still use Bitcoin ATMs to either withdraw Bitcoin to cash or better still use Bitcoin ATMs to pay for merchants or at POS for retail shopping.

If there will be a bitcoin ATM in my country i will not hesitate to used it depending on the machine tx fee, for now i only use a digital wallet that convert my btc to our fiat, the worst thing is the tx fee it is very high and when btc pump the btc that we store on thay wallet is not pumping its stays the same and when the price of btc fall it also fall very quick. Its just like the we are a victim of a robbery.

I have not tried yet to use Bitcoin Atm since it's quite far from where I am located. The nearest one takes 4 hours of travel, hence for a working person like me it's not possible to access the Bitcoin Atm. Although if given a chance I would like to experience cashing out my Bitcoin using it.

Anyway, If i'm not mistaken there are several Bitcoin Atms already available here in our country. Usually they're located in the city, I just watched some videos of those who tried to use it. Well, it's a good thing that slowly Bitcoin is recognize here. I won't be surprise if many atms are already available in the future because of the demand of the increasing number of Bitcoin users.

For sure, it is still the same fees with online exchanges as it is still back with something or it is lower than those traditional exchanges, but still, it is not that affordable to convert a small amount of BTC to our fiat. Though no matter the fees, I would also use it if it was more handy than using our phones to convert our BTC. Though you should always be careful with it, the same cautiousness applies when you are going to withdraw your money from banks.

I have never used Bitcoin ATM although I watch different from youtube videos on how to use it and In my country bitcoin ATM did not exist back in 2014-2015 there is one or two in Bali but I don't know if today still exist.

Although would be great if we can use bitcoin atm so we can deposit and withdraw bitcoin very convenient.

Tho the last time I hear the news about bitcoin ATM is one of the biggest operator in the US is trying to IPO and the thread is here - https://bitcointalk.org/index.php?topic=5458190

I doubt that it is safe to assume that if a Bitcoin ATM only offers buying BTC, and does not offer both buying and selling, then there is some kind of a malicious plot - because there could be a variety of reasons that a machine might ONLY offer buying BTC that might include regulations or it might include logistics.

Sure, it would be better for society overall if all Bitcoin ATMs were to offer both buying and selling - but we do not live in an ideal world, and sometimes things happen for a variety of reasons that don't always make sense on the surface.

I think there are Bitcoin ATMs available in many countries where you can buy and sell Bitcoin. In fact, many Bitcoin ATMs sre designed to offer both functionalities, allowing users to buy or sell Bitcoin by using cash or other payment methods.The availability of both options may depend on its operator or local regulatory requirements. The introduction and increasing prevalence of ATMs  is a positive development towards adoption and promotion of Bitcoin as digital currency.

https://cointelegraph.com/learn/bitcoin-atms-a-beginners-guide-to-bitcoin-teller-machines

Don't bother about the overpriced BTC if this is the only way to accumulate then why deny yourself? but since your name stands for it then maybe you have a lot of way to purchase and sell Bitcoin.

_______________________

Update that I have use the bitcoin ATM machine again yesterday and good news? My officemate also have His first atm use of bitcoin together witn me yesterday .

You pay for convenience.

Imagine a supermarket being an exchange and a convenience store being an ATM.

Sometimes it might be useful to have an ATM when visiting a foreign country for a bit, say to get a bit of their local cash with Bitcoin, without needing any banks.

Does that mean that the tangible Bitcoin as a Coin will also be counted on its circulation? Because ATM would work like cash is it? Maybe instead of ATMs like banks do have, crypto exchanges could just put up a machine where users can do transactions with hard wallets. People then are able to buy, sell, and transfer funds and coins more conveniently. I believe Binance already does have cards where it is easier to transact because of the QR code and chip attached to it.

If governments can bring troubles to ATM manufacturers and operators with their regulations, they can do the same with whatever machines from cryptocurrency exchanges. They might not do it when cryptocurrency exchanges launch those machines but they will tighten their regulations after observing a while.

Do you think Binance can do everything out of laws when they are a centralized exchange?

They have to withdraw their business operations from many countries latest months and if you did not miss those news.

Bitcoin ATM has too high fees, i will never use it. p2p is much better way

Well, I am from Nigeria, and I've never seen a bitcoin atm in the physical before, if there be any in my country, none have appeared in my area or placed I've lived or visited, so clearly, I do not have any idea how they operate or what the fees are like...

But what I can say is this, I am a very curious person and if I see a bitcoin atm around  me, I definitely will want to know how it works and also what the fee is like, and to achieve this, I will try to carry out a transaction on the atm, I believe there must be an option to cancel a transaction just incase one changes his or her mind in the middle of it, so upon confirming to send the transaction, if I discover the fee is too much, I will simply cancel the transaction and leave, at least, I've had an experience of how the atm works.

For now I have never owned or used a bitcoin ATM because there is no bitcoin ATM machine in my location. However, if it is an area where bitcoin ATMs are available, and you are interested in using a Bitcoin ATM, it is advisable to do more research about Bitcoin ATM operators in your area, look at the fees involved, and consider the necessary safety factors before making a decision.

Yeah, I think the best use case for Bitcoin ATMs are actually when you are traveling to another country.

I don't think a local ATM would be too useful, as you would be able to get a cheaper rate at your local exchange.

I see Bitcoin ATMs as convenience shops, you just get some fiat from the country you are visiting, without any banks involved.

It is highly logical and indeed accurate. By bypassing the involvement of banks to withdraw money from a BATM (Bitcoin ATM), Bitcoin users can greatly benefit, especially when vacationing in countries where BATMs are available. This provides a solution for countries that prohibit Bitcoin transactions, as BATMs allow Bitcoin owners to instantly exchange their Bitcoin for local currency and promptly engage in transactions with local sellers.

In my country, Bitcoin is not permitted to replace the presence of FIAT (for in-store transactions), but buying and selling Bitcoin is allowed. I believe this situation calls for the presence of Bitcoin ATMs.

Have been seeing Bitcoin ATM machine, shown in western world, through online video several times, but not reach here in Africa, Nigeria precisely nothing like that, more over the Nigeria government is against Bitcoin, because them don't have any knowledge about Bitcoin, how it works, and I believe a matter of time Bitcoin Will be accepted and official be making used of it, as long Bitcoin is still going Vera across the globe,

That's right, even though I've never used it, there are many news that transactions are quite expensive.  This becomes one of the weaknesses that may hinder. Even though there is currently LN but it has not been able to overcome the network density that occurs. Maybe more people use Pay Pal as a transaction tool because it has been recognized in the world. But I am quite amazed by the rapid development of the number of ATMs, especially in the United States.

at least you both are supporting each other with the same manner and the same stand , are you also a broker?


remember that there are many of us that does not know exactly how to use p2p and have no idea of best safe p2p program so having physical capacity like Bitcoin ATM is a best way still to circulate bitcoin.

I don't know if it's same like the normal ATM machine because there's no bitcoin ATM in my country yet, but I'll love to use one in the near future and I hope it becomes widely adopted in my country so it would prompt installation of the bitcoin machines, I live in an urban area so I think it wouldn't be difficult to locate when its finally adopted in my country because there's a current ban on Cryptocurrency that's made average people see bitcoin as an agenda for scam but hopefully the newly elected government would uplift the ban making more people to adopt the use of bitcoin in other words creating an opportunity for the installation of bitcoin ATMs in malls, banks and several locations.
 However, OP I'm trying to figure out if in your next statement you're talkinv about tendering bitcoin as a means of gift for birthdays or ceremony, yes of course a gift can be any valuable item including bitcoin however not everyone would be very familiar or know how to operate the bitcoin ATM and there are other challenges like distance also so it would be faster and easier to use exchanges to send bitcoin as gifts to friends and family l

Bitcoin should make our life easier. The example you gave really helps. When you go to another country, you can use the Bitcoin ATM as if you were shopping from your own market. It's great to have such an opportunity. Considering that these ATMs are in many parts of the world, it makes our life even easier. It can be very useful if an adjustment is made to the fee charged for the transaction made at ATMs.

Everything will be much better when it is started to be used in stores as well. We need time for these to happen. We know that time passes very quickly. This is good news.

Finally , a group mate just advised there is a New installed Bitcoin ATM in the next street and yes I will check it tomorrow and hope that this is functional already as I missed using a machine for couple of years now.

If given a chance to use ATM of Bitcoin? I will never deny myself from giving it a try as I am looking and praying that there will be one available in my city or at least somewhere near me but till now there is only ATM machine far from my location and has nothing to do for going there.

maybe you have all the option to accumulate bitcoin that is why you can decide which one to use but me? I will surely use Bitcoin ATM once there is one that available in my part, lucky for all of you that has a chance and a way to use one.

This is dream of every bitcoiner he used this ATM but sadly many judiciaries and areas are not allowed to have this as I personally love to use this bitcoin ATM because now after falling in love with bitcoin things looking much better and most chances bans and restrictions are not going to have any impact on this in near future.

In our country now central government announced about own digital currency which is surely going to be had good chance for the peoples in this country hopefully they will also bring better policies for the bitcoin and its more use around the country because now we are in top ten countries those are having adoption and things are looking positive for this all.

I wish we would have bitcoin atms in my country too. I would definitely love to use them.
But unfortunately it seems a distant dream.
Though with crypto you don't really need atm because the very purpose of crypto is using digital forms to tranfer money.
We can always use our mobile for paying with crypto and it is a great convinence.

Likewise myself, I would like to use Bitcoin ATM too because it shows that the people living in that particular region where the Bitcoin ATM is available or situated has high number of Bitcoin investors and adopters who are always ready to use it. I have seen some of the Bitcoin ATM online and I have been longing to use one at least in my lifetime so that I can share my experience with people on what it looks like operating it. Jurs like the normal fiat ATM machine that we have, I hope the Bitcoin ATM machine will not be easily hacked where users can lose there secret codes that can lead to the disappearance of there funds.

Yeah, it takes some time for people to adopt new things.

Even with bank cards it took some years for people start to use them, similar to online shopping as it was possible in the late 90s already, but not many people did it back then.

We'll see how it goes, specially with lightning, it will make everything easier. It's just money in the end.

You are of course very lucky to be able to try it, because indeed there is an ATM in your area, but where I am it is still a separate ban and doesn't exist yet, because direct transactions with bitcoin are not yet recognized.

of course there is a desire to be able to try using a bitcoin ATM because it will be different from ATM fiat in general, although maybe the transactions may be the same. but there is a distinct sensation of being able to use a bitcoin ATM, like you said of course this will be an experience in itself.

as often happens with fiat ATMs, of course we hope that bitcoin ATMs can't happen in the same situation, because of course this is something that is very feared and it will be difficult to track down what happens in the event of a hack, when compared to fiat ATMs. it is possible that all of the funds at bitcoin ATMs will be lost, but not with fiat, it is certain that there are restrictions for each withdrawal.

I think I would try using Bitcoin ATM, just to get familiar with the process and see how fast and convenient everything will go. But I think I wont be using it on a regular basis. The stories of high fees are pushing me away from using Bitcoin ATM, and p2p so far is the more profitable way. Also the possible KYC in Bitcoin ATM prevents me from using it. Third reason would be lack of cash. I nearly dont carry cash at all. I've got few tens just for emergency case, and use card everywhere.

I think you can make card transaction at some of the Bitcoin ATMs.

There is usually a small limit for those transactions because they could in theory cancel the transaction from the bank and keep the bitcoin, but I remember reading at some point that you could buy a small amount with card.

Nowadays people are starting to rarely hold large amounts of cash. I also include people who don't hold much cash except just preparing for urgent conditions.

Using a Bitcoin ATM I think many people who have been investing and trading in bitcoins for a long time want to try but have not had the opportunity to use a Bitcoin ATM machine. Me too. I want to try it if it's available in my country. unfortunately in my country it is no longer available. only in 2014 did bitcoin ATM machines ever exist in my country. But for now it seems that it is no longer there. I just wanted to try to buy a few and make it a fun experience.

Not all countries supported and have Bitcoin ATM and difficult get experienced using Bitcoin ATM service, I live in country not really supported Bitcoin as legal payment currency transaction and difficult for local exchange currencies give us service for using Bitcoin ATM. Actually we have use directly ATM trough Bank supported and withdrawing bitcoin fund to bank account before getting cash trough Bank ATM.
I heard with Bitcoin ATM take higher fees each time transaction for getting cash money, based on several countries have been supported with Bitcoin ATM deduct 8% until 12% fees for cashing out our bitcoin fund trough Bitcoin ATM.

I want to try how excited using Bitcoin ATM as my first experienced but which in Asian have supported with Bitcoin ATM as my country is in the continent of Asia? Any one know and could recommended about Bitcoin ATM available in Asian countries?

Yes that's a good idea, I don't think I will be using Bitcoin 🏧 ATM anytime soon because in my country our government do not approve the idea of adopting Bitcoin, so for me using Bitcoin ATM, that will be if I live the state or the government has approved it.
I will love to use it so I can be well familiar with it, I don't think Bitcoin ATM can be completely different from Fiats ATM, based on the photos I have seen I believe anyone who is familiar with Fiats ATM can as well use Bitcoin ATM.

I imagine if I had a huge salary, I would partner with a BTC ATM and they could film me dumping my first month's salary into the ATM for BTC. Then social media could argue about how stupid that was, while we do a followup video in a year to see how wise the choice was.

Bitcoin actually isn't ban in the general public in Nigeria it's just the CBN that stated a restriction of transaction with btc and commercial bank and other than that people are quite enjoying their business that involves the use of Bitcoin and moreover maybe it's the locality where you are situated in that prompt you to say you haven't actually seen a BATM in Nigeria, well to shock you they are a couple of them up in Lagos Nigeria and even the Central capital being Abuja.

The world is seriously Changing towards digital where assets will be more holding in digital with a help of Blockchain technology, Bitcoin ATM is not a surprise, if our local currency can be used ATM machine, Bitcoin can do more better than our local currency as the world upgrade have to follow the trend.

The usage of Bitcoin ATM is a expensive process compared to that of the exchanges. This makes people prioritise exchange services over ATM usage. Large number of ATMs were installed in specific countries and this makes the accessibility good in specific region. The widespread of bitcoin ATMs need to take place, and this will help with better usage amidst the high transaction fee. Most people are interested in setting bitcoin ATM as it gives good revenue based on the company that installs it. With time the installation of bitcoin ATMs were found high, but this isn't installed all around the world.

The steady growth in technology have really made it possible for everybody to just use their Mobile phone to carryout some transaction either bank transaction or Blockchain transaction,   so, it depends on the situation that am faced with, that's what can make me use the Bitcoin ATM, if  am in a situation where I can not use just my phone to carry out my Bitcoin transaction, that's only when I will use the Bitcoin ATM. There is an article I read about fees for Bitcoin ATM and it seems very expensive than the normal P2P transaction of Bitcoin.

I have never used a Bitcoin ATM, because I don't see the point in it. You can buy and sell crypto on the exchange or even in a wallet.

It's similar to the difference between a convenience store and a supermarket.

Sure, most supermarkets will probably be cheaper, larger, etc, but sometimes they close earlier, or might be far away.

That's when a convenience store would make sense. In specific cases where you need to go there sporadically.

With a Bitcoin ATM, imagine traveling the world and going anywhere, and you only need your Bitcoin wallet to get local cash, without using any banks. Quite convenient.

So far, I have never used a bitcoin ATM machine, never even seen it in person. Even though in my country bitcoin ATMs already exist at three points(that I know). But because from where I live, the ATM is very far away, so I never tried it or saw it up close. Plus, right now I don't really need the bitcoin ATM machine. Because in my opinion, it's simpler and more practical to buy bitcoin through an exchange. In terms of security too, I think it could be more secure. Because people will never know when I buy bitcoin. But if you use a bitcoin ATM machine, at least there will definitely be lots of people passing by and passing by, while using the ATM machine. So in terms of privacy, I think this ATM machine is very vulnerable.

Because indirectly, if for example I use the bitcoin ATM machine and people see it. Automatically these people must have thought that I was a user or a bitcoin investor. It's better if, for example, the people who see me making transactions at the bitcoin ATM are good people. But what if the people who see me are bad people, I'm afraid I will be targeted by these people. So I think if you use a bitcoin ATM for now, you can say it's still not efficient. Because there are many considerations and what I read, transaction fees at bitcoin ATMs are quite expensive.

So for people who have used those bitcoin ATMs, are the transaction fees really that expensive?

There are no bitcoin ATM machines because bitcoin is illegal in the country I live in. But if I get a chance to use a Bitcoin ATM machine I will never do it because I think the charges here will be expensive. But it is convenient if we use a bitcoin wallet on mobile or computer as compared to using bitcoin ATM. Transactions from Bitcoin wallets are fast and much easier and convenient than Bitcoin ATMs. So if I ever get a chance to use a Bitcoin ATM I will do it instead I will do the transactions by Bitcoin wallet on my smartphone it is cheaper and convenient all round.

Well, from your comment, its clear you don't understand the whole concept and use of bitcoin ATMs, first understand that to even use a bitcoin ATM, you need to own a Bitcoin ATM card, there are several crypto companies that issue this cards to qualified users, though its not always for free, for some the companies , you have own and lock and certain amount of their shitcoins to gain access to their bitcoin ATM, for some other companies, you have to buy the card.

After owing a Bitcoin ATM card, you have to fund the card with Bitcoins, and lf you live in a area where there is a functioning bitcoin ATM machine, and for some reasons, you need cash and want to sell some of your bitcoin for the cash, instead of first of all, going through the exchange, selling bitcoin there, maybe through p2p, instead of having to wait for minutes, ,maybe hours in some instances, for your trade partner to send you your cash to your bank account, you could simply go to the bitcoin ATM machine, slot in your bitcoin card, type in how much cash you want to withdraw, then the machine will pay you that cash directly like your bank ATM machines normally do, then the machine will minus or deduct the equivalent amount from your bitcoin balance, based on the exchange rate of bitcoin to your local currency at the time of the transaction.\

I hope this is understandable.

In my country bitcoin is still illegal as a means of payment, but legal as an investment asset. Bitcoin ATMs are available in several places such as the Mol shopping center, but very few people use bitcoin ATM services and so far I personally have never tried using a bitcoin ATM. There are a number of things that might need to be considered when someone uses a bitcoin ATM, namely regarding security and I'm sure there will be lots of bad people monitoring anyone who uses bitcoin ATM services, so that it can affect the level of security for those who use it widely.

Perhaps this is the reason why people in my country don't use bitcoin ATMs widely, even though overall there are a few bitcoin ATMs available at the moment. I myself am also still comfortable using bitcoin transactions with my personal wallet, whether it is buying or selling the bitcoins that I have.

Sure some members here have raised issues about personal security - so then location of the BATM might well be important..  

and thus, the people walking by is one potential attack vector, yet a more obviously relevant attack vector would be if the BATM takes your identification and then what they might do with that information from there.  

If the BATM does not take personal information (or maybe it takes a kind of minimal personal information that might not necessarily be traceable back to you), then if your only concern is that "bad people might be watching," that seems to be a pretty weak concern.. let's say in a mall?  the people walking by what are the odds that they give any shits?  Sure it is possible, but what are the odds?  Maybe it is not a busy mall, and then maybe we consider how often is the BATM being used?  Is it actually attracting people who have an incentive to watch?  Is the BATM in a poor neighborhood or a middle class neighborhood (relative to the standards of the country)?

In terms of practicality, it seems to me that many people are more worried about either the government and/or the BATM owner taking and/or retaining KYC information rather than the scenario that you describe.. even though surely some people have raised the physical security matter. because whether you are depositing or withdrawing there is going to be both cash involved and BTC.. so that is the reason why they would exist to be able to receive or deposit cash potentially 24/7/365... or whatever hours of the venue... but then if the neighborhood is questionable, then surely you would consider the time of day that you go and maybe even whether you "bring a friend."


smartphone wallet and Bitcoin ATM are providing different services, so even if you are not finding a use for BATM, it does not mean that others might not figure out a need (or a preference) for a BATM... and whether fees are high or not is likely to vary a lot.. perhaps vary based on competition and whether there is competition and/or incentives to attract people to BATMs as contrasted with other ways that they might transact or exchange in bitcoin.


Not all BATMs require a BATM card.  If you sell bitcoin, they might issue a paper (and maybe that is not even necessary), and then after the transaction has gone through with the requisite number of transactions then you can claim your cash from the machine.  If you deposit cash, then you will not have to wait.  You merely have to provide a bitcoin address for the BTC to be sent, and there are a variety of ways to provide a BTC address - and sure maybe there are restrictions in terms of the kinds of BTC addresses that would be acceptable.


Why use bolded text for your whole post?

Do you need to make sure that your post is noticed?

I am pretty sure that kind of habit is against the forum rules.. so you might end up getting in trouble for your desire to be noticed in terms of the kind of font that you use.

In regards to your specific question, the fact that you don't see any reason to use a BATM does not mean that others might NOT find a use for a BATM... and surely, if you ever travel, you might even realize more potentials for a BATM.. perhaps? perhaps?

You only think that the fee will high and you have not seen it and you have not used it. How do you know that the fee will be higher? Don't give a conclusion on something you have not used and seen.
Bitcoin_people I believed you use POS machine and Bank ATM machine in your country and these machines have mobile apps that you can use it to make transaction but you still use the bank ATM cards, and I may ask, why do you use the Bank ATM card and not the card. There are different occasions that the bitcoin ATM machine can be used by you.

• When your phone network is down and if there is a bitcoin ATM machine is close by you can make the transaction there and continue your journey
• If you are buying something in a supermarket and you are to pay with bitcoin, and there is bitcoin ATM machine and instead of waiting for the attendant to send you the address why not use the ATM machine

It is only those who has no money always complain of high fee, and those who has money do their transactions and move on. The transaction fee will not pass $2-4  and that fee is used to repair (maintain) the bitcoin ATM machine.

The first time I have used a Bitcoin machine was in April 2019. It was in Singapore when I have primarily attended the Blockchain Life 2019 conference as well as other side events there.

I remembered a mall named Plaza Singapura where a store that we can buy and sell gold has their own Bitcoin ATM.

I’ve attempted to withdraw my BTCs to SGDs with the help of my close friend. Took me an hour of waiting until it’s finally withdrawn.

But for now I am holding BTCs so no plans to sell or withdraw.

At least in EU the fee depends on operator that serves  given ATM installation and country where ATMs are located. There is always a chance to find the cheapest   service but it is required preliminary research to be made. My job requires frequent travels within EU and before going to flight I  check available ATMs and their fee policy  at the  places where I go.