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Author Topic: Bitcoin ATMs  (Read 3670 times)
qiwoman2
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August 21, 2016, 07:54:17 PM
 #61

I invested in some bitcoin ATM project but it went pear shaped and I lost some money there which is a shame as the project and business had huge potential but I am no sure what rent wrong s I have a sour taste now and don't know where the bitcoin ATM world is heading next to be honest.


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August 21, 2016, 07:57:22 PM
 #62

I invested in some bitcoin ATM project but it went pear shaped and I lost some money there which is a shame as the project and business had huge potential but I am no sure what rent wrong s I have a sour taste now and don't know where the bitcoin ATM world is heading next to be honest.
It's never going to kick off.
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August 21, 2016, 08:29:59 PM
 #63

Hey guys. Just a conversation here Tongue

Does your country or city have a Bitcoin ATM?

In Croatia (where I am) we have only one Bitcoin ATM in Zagreb. It's in Tkalčićevoj 68, Zagreb if anyone wants to sell/buy some Bitcoin there.
When you buy, there's only a 3% fee! That's pretty great to be honest because usually, on forums, the fees are 10-20%.

So do you have a local Bitcoin ATM?

3% fee is not a huge fee comparing with those that require you lots of documents and verification process which sometimes can take many business days. In my country I haven't seen any atm bitcoin but if i ever see any I would go there and try how it works (with small amounts of course)
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August 21, 2016, 10:53:27 PM
 #64

In my country Bitcoin ATMs are not so wide spread and the first one was placed in capital but there are more and more ideas to put them in other cities too. And some tourists who have visited my country have been asking about those ATMs so people are starting to see it as something normal and usual.

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August 21, 2016, 11:11:48 PM
 #65

The issue is not so much bitcoin ATMs, but more so that there is a limited amount of retailers that accept BTC in proximity to the ATMs.
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August 21, 2016, 11:35:56 PM
 #66

Hey guys. Just a conversation here Tongue

Does your country or city have a Bitcoin ATM?

In Croatia (where I am) we have only one Bitcoin ATM in Zagreb. It's in Tkalčićevoj 68, Zagreb if anyone wants to sell/buy some Bitcoin there.
When you buy, there's only a 3% fee! That's pretty great to be honest because usually, on forums, the fees are 10-20%.

So do you have a local Bitcoin ATM?

3% fee is not a huge fee comparing with those that require you lots of documents and verification process which sometimes can take many business days. In my country I haven't seen any atm bitcoin but if i ever see any I would go there and try how it works (with small amounts of course)
But it's very not worthed for withdrawing a huge amount in atm the taste will so weight in fee. in my country only there a one bitcoin atm and that is in the different island with me.

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August 21, 2016, 11:42:26 PM
 #67

But it's very not worthed for withdrawing a huge amount in atm the taste will so weight in fee. in my country only there a one bitcoin atm and that is in the different island with me.

I think the same as ATM machines in general, you are only charged the normal transaction fee and no fee will be charged double. Because I've never tried Bitcoin ATM then I myself do not understand. thanks

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August 22, 2016, 12:00:32 AM
 #68

Hey guys. Just a conversation here Tongue

Does your country or city have a Bitcoin ATM?

In Croatia (where I am) we have only one Bitcoin ATM in Zagreb. It's in Tkalčićevoj 68, Zagreb if anyone wants to sell/buy some Bitcoin there.
When you buy, there's only a 3% fee! That's pretty great to be honest because usually, on forums, the fees are 10-20%.

So do you have a local Bitcoin ATM?

3% fee is not a huge fee comparing with those that require you lots of documents and verification process which sometimes can take many business days. In my country I haven't seen any atm bitcoin but if i ever see any I would go there and try how it works (with small amounts of course)
But it's very not worthed for withdrawing a huge amount in atm the taste will so weight in fee. in my country only there a one bitcoin atm and that is in the different island with me.
Thats the problem in other country but here in my country is good we do not need atm to deposit or exchange bitcoin we can deposit here bitcoin directly in my wallet. also we have bitcoin atm here. but its too far in my place..

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August 22, 2016, 03:48:10 AM
 #69

I was actually surprised to find that there is actually Bitcoin ATM here in Philippines. lol. And I found it because of this thread.(I was curious so I googled it)  Grin  It's in Sunette Towers, Makati .


What i surprise to that there is a bitcoin atm here in our country philippines.. I thought that next year they will release those atm.
I am happy to here that but the problem its too far in my place it takes a long time before i can withdraw there or deposit.

Not surprising at all, tbh. Makati is a city that has always been advanced in terms of this stuff. Bitcoin ATM would be a good way to introduce Bitcoin to the people passing by. But, I don't think the machine in the picture is functional. See the picture and the paper on it says "Out of order". I've never seen this Bitcoin ATM in person (well, because I live far away from the city) but I'm looking forward into seeing them around especially now that you can buy Bitcoins from 7-Eleven.

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August 22, 2016, 04:17:22 AM
 #70

Hey guys. Just a conversation here Tongue

Does your country or city have a Bitcoin ATM?

In Croatia (where I am) we have only one Bitcoin ATM in Zagreb. It's in Tkalčićevoj 68, Zagreb if anyone wants to sell/buy some Bitcoin there.
When you buy, there's only a 3% fee! That's pretty great to be honest because usually, on forums, the fees are 10-20%.

So do you have a local Bitcoin ATM?

3% fee is not a huge fee comparing with those that require you lots of documents and verification process which sometimes can take many business days. In my country I haven't seen any atm bitcoin but if i ever see any I would go there and try how it works (with small amounts of course)
But it's very not worthed for withdrawing a huge amount in atm the taste will so weight in fee. in my country only there a one bitcoin atm and that is in the different island with me.
Thats the problem in other country but here in my country is good we do not need atm to deposit or exchange bitcoin we can deposit here bitcoin directly in my wallet. also we have bitcoin atm here. but its too far in my place..
Lol, but everybody knows they can deposit their money into their wallet directly, but I means the usefulness of bitcoin atm, you can withdraw your BTC into fiat at the same time and no need to visiting the exchange site or contacting the buyers of bitcoin before.

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August 22, 2016, 06:51:41 AM
 #71

wow its really bitcoin ATM? its cool ATM, i wish i can see that on my city. i hope it can use for buying and sell bitcoin and can give real money for the transaction and not just for selling bitcoin and adding the amount of money in our bank.

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August 22, 2016, 07:44:21 AM
 #72

As far as I know, there is already a bitcoin ATM here in UAE but I did not see one yet.This is an advantage to people in here if they use bitcoin because about half of the population does not have access to banking services since there is a salary requirement in opening a bank account which is quiet high and only those who have positions in the company can usually open their own bank account. Using bitcoin, people can store their money as bitcoin and reduce the possibility of spending more because of the limited use of bitcoin.

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darklus123
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August 22, 2016, 07:48:01 AM
 #73

Cool,  i haven't seen any bitcoin ATM here in our place.  But soon i hope that there would be some merchant that is going to established ATM same as your place have.  I just want to ask if how beneficial  that bitcoin ATM for you as a user.  Since i think that there are also other services in which you can convert your bitcoin to fiat or for buying and selling

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August 22, 2016, 07:59:42 AM
 #74

I saw an article says there are thousands of bitcoin ATM all around the world, but I think it is very rare nowadays, maybe the figure is not real.

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August 22, 2016, 08:06:46 AM
 #75

I never saw or used any bitcoin ATM, there is two in capitol city, which is 240 km from my city. Is anyone really using this ATM`s or they are just standing there and collecting dust?
Someone posted a site about where we can find bitcoin ATM`s all over the world, I wonder is there any statistic how much people are using this, and is there some profit in this? I tried to find something on internet, but I didn't have success.

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August 22, 2016, 08:26:08 AM
 #76

Good for you I am envious right now that you have that.  We do not have it here but maybe one day as bitcoin is accepted here in our country to pay for our bills.  Maybe if many people here in our country would use bitcoin and will be familiar with it maybe our bitcoin wallet company would put up a bitcoin atm.  While still we do not have that I am very much happy to the service and on what bitcoin can do for me. 
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August 22, 2016, 08:26:37 AM
 #77

My country also has  bitcoin ATM but I have not withdrawn there yet Cheesy
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August 22, 2016, 08:53:32 AM
 #78

I was actually surprised to find that there is actually Bitcoin ATM here in Philippines. lol. And I found it because of this thread.(I was curious so I googled it)  Grin  It's in Sunette Towers, Makati .


What i surprise to that there is a bitcoin atm here in our country philippines.. I thought that next year they will release those atm.
I am happy to here that but the problem its too far in my place it takes a long time before i can withdraw there or deposit.

Not surprising at all, tbh. Makati is a city that has always been advanced in terms of this stuff. Bitcoin ATM would be a good way to introduce Bitcoin to the people passing by. But, I don't think the machine in the picture is functional. See the picture and the paper on it says "Out of order". I've never seen this Bitcoin ATM in person (well, because I live far away from the city) but I'm looking forward into seeing them around especially now that you can buy Bitcoins from 7-Eleven.
I am also living in the Philippines and I just know that there is a bitcoin ATM here in our country, but I guess I will not enjoy that benefits as I am not living near to that area, I am not in makati so I would just use my exchange site which link my wallet to a certain banks.
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August 23, 2016, 09:46:23 AM
 #79

There is no ATM, frankly I was shocked to find someone to trade with using BTC rather than an ATM which will probably not happen in my area unless bitcoin becomes the main currency worldwide.
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August 23, 2016, 10:02:43 AM
 #80

Just checked coinatmradar.
And regarding their charts there were 252 new Atms taken into operation this year so far.
Last year the number was "only" 182.
So compared to that this years performance is really good and we have a few more months to go this year.
2,72 Atms as an average number, get installed per day.
With that kind of momentum we could see the 1000 Atms installed this year already.That would be awesome.
What we don't know is if deinstalled Atms get taken into account as well.
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