Bitcoin ATM

[7788bitcoin]

Does anyone use Bitcoin ATMs? Where are you located? I live in California; there were about 10 ATMs in the area, but over the past couple years were removed.. Now there are only 2 that I know of.

Do you guys find Bitcoin ATM's useful or have a need for them?

The same thing is happening in other places.

I think we will need more ATMs in the future but now the demand is low, considering the high "fee" of using ATM to buy bitcoins.

[Kakmakr]

It is sad to hear that BTM's are closing in your area. Did you go to these guys to ask them why it happened? I know some of them says that the cost to run them, do not justify the income they are receiving from them. It would be worst, if this is a trend in other states and countries too. I reckon most of the BTM's were installed in the hay days, when the price of Bitcoin were in the high $1000 range. I mostly used Biitcoin vending machines in my area to convert cash to Biitcoin, but most of them closed shop too, due to strict KYC/AML regulations.  

[NorrisK]

It is sad to hear that BTM's are closing in your area. Did you go to these guys to ask them why it happened? I know some of them says that the cost to run them, do not justify the income they are receiving from them. It would be worst, if this is a trend in other states and countries too. I reckon most of the BTM's were installed in the hay days, when the price of Bitcoin were in the high $1000 range. I mostly used Biitcoin vending machines in my area to convert cash to Biitcoin, but most of them closed shop too, due to strict KYC/AML regulations.  

I'm not really sure how many ATMs were already around in the times of 1000 usd bitcoins. I believe most were installed in the months after that bubble, when interest was already decreasing again. This could also explain indeed why they are closing up because the interest took a dive.

Also, I still think the more easy and fast online methods become available, the less bitcoin ATMs have a right for existance. The same goes for paper mail, how many cards did you send last year? Was it less than the years before? Probably, as cheap digital alternatives are now available, such as e-mail, e-cards, messenger apps, etc. Same is happening with bitcoin ATMs, although they didn't really fit with the intended use of bitcoin anyway.

Don't mistake me for disliking the ATMs, I think they provided a good way to get bitcoin more known to the general public and that is something they probably did well.

[eternalgloom]

I would have no need to use Bitcoin ATM's, since I find it much easier to just exchange from the comfort of my own home.
They're just some kind of novelty item, but they might be of some use to some people.

[justspare]

I live in Sydney and I know of only 1 ATM. It is in the city which is far away from where I live, so I am not to sure about it.

[Hirose UK]

Does anyone use Bitcoin ATMs? Where are you located? I live in California; there were about 10 ATMs in the area, but over the past couple years were removed.. Now there are only 2 that I know of.

Do you guys find Bitcoin ATM's useful or have a need for them?

I don't use bitcoin ATM because the location of the nearest ATM from my city is too far. so the trip to go to the ATM will cost me more than bitcoin I got.

So for me, it's useless and I don't need it unless I can walk by foot to the ATM haha

[RealPhotoshoper]

Does anyone use Bitcoin ATMs? Where are you located? I live in California; there were about 10 ATMs in the area, but over the past couple years were removed.. Now there are only 2 that I know of.

Do you guys find Bitcoin ATM's useful or have a need for them?

i dont see any advantage of bitcoin ATM,in my country have 2 bitcoin ATM,and its located in different island,and i dont see that ATM have many user,people not interest and more comfort use online wallet or exchange to doing transaction.

[Junko]

Does anyone use Bitcoin ATMs? Where are you located? I live in California; there were about 10 ATMs in the area, but over the past couple years were removed.. Now there are only 2 that I know of.

Do you guys find Bitcoin ATM's useful or have a need for them?

There are two bitcoin atm's that I know of in my city, Dallas Texas. I've only seen one of them and it is a 2 way bitcoin atm, meaning you can deposit cash and get bitcoin put in your bitcoin wallet or you can sell bitcoin and receive cash on the spot from the machine. And it is located in Deep Ellum - an area that has a lot of bars, restaurants and retail shops.

I haven't had the need to use it myself, but I could see how it might be useful. If you need cash and don't want to use your regular fiat atm. Or if you have cash and want to get bitcoin without having to first deposit your cash in your bank and then getting bitcoin. Or if you don't want to exchange cash for bitcoin in person with a stranger.

[bitboy11]

I haven't seen any Bitcoin ATMs where I live as yet. Maybe in 10 years...

[nickenburg]

Does anyone use Bitcoin ATMs? Where are you located? I live in California; there were about 10 ATMs in the area, but over the past couple years were removed.. Now there are only 2 that I know of.

Do you guys find Bitcoin ATM's useful or have a need for them?

I never used A Bitcoin Atm I wonder how they exactly work, you can just withdraw your bitcoins for Fiat?
I don't think Bitcoin Atm's are really necessary, but I know the perfect site to check where all the Atm's are located:

http://www.coindesk.com/bitcoin-atm-map/

Here you can see them for your country/state, In Holland we have 5 so it's not a lot compared to California.

[croato]

We have one Bitcoin ATM machine at one coffe shop in Zagreb and soon Split should get one also. It can be handy but fee (9%) is way too much for selling or buying coins on it in my opinion. I was using it only few times in emergency but still, it is great to have it in my city.

9% over "spot" is what the two Bitcoin ATMs in my city (metro area population of some 2,000,000), so that is rather high, but convenience helps balance out the cost (localbitcoin.com does not work well here, and BTMs take cash).

I would guess that another comment above (BTMs expensive) may explain why the 9% premium is so high.  Alas, the machine requires ID and 2FA (SMS message) to use.

This one at Zagreb require only cell phone and 2FA (i am using burner cell phone for that) without any other ID and ppl who operate machine says they will most possibly lower fees so i guess using it will become cheaper. Again, those are first Bitcoin ATM machines so with healthy competition, fees will sure go lower so i am happy we have them.

[Patatas]

Only if the bitcoin ATM's had the facility to send/receive bitcoins instantly,get converted to fiat automatically,the would be of some importance.As Norrisk said,why would you want something to be digital again ? Plus the fees.I can't wait to see the day you can simply swap your bitcoin card to a bitcoin accepting dealer.Not available in my country yet.

[phibay]

ATM fees are too high, but can be helpful if you have to buy BTC with cash...and maybe they will help raise awareness for those who do not know about BTC.

[bitbaby]

There are none where I live, the regulations do not allow public to have private atms at the moment and therefore I don't think I'll be seeing them in near future, unless of-course Bitcoin becomes legalized.

[Druze]

there are a few bitcoin atms near me and its nice if you need btc in a pinch because you can buy it from them for a very low rate

[a7mos]

ther is not any bitcoin ATM in my country and I do not see any need for them. because usually they have high fees and with these fees people will not see difference between normal transfer money methods fees and btc fees. so using normal exchange to sell or buy will be much cheaper

[qiwoman2]

I used the first robocoin one that was in Vancouver, Canada right when Bitcoin was around 1k usd and I even invested in some bitcoin atms but unfortunately that didn't work out so I got a partial refund from that business. Shame it didn't work we were supposed to earn huge form it sign.

[tiggytomb]

There are some in the UK, really quick and easy to use but the one I used did seem quite steep 9-10% but it served it's purpose.

[bob123]

I don't see why you would need bitcoin ATMs. You are making something digital physical again, which is totally stupid imo.

There are so many ways to load your mobile wallet with bitcoins outside of ATMs, that they don't really have a place imo. It is also much faster and more convenient to do it online, as you don't have to scour your area for an atm to load up. Just buy and have them transfered from behind your pc.

They may be useful if there are not convenient online options available to you, but at least in The Netherlands nothing beats using iDeal to pay and instantly get your coins sent to you.

The fact, a bitcoin ATM standing anywhere and providing you bitcoins for fiat or other way, hugely overweights the speed of online buying methods IMO

[phibay]

One advantage I see with the Bitcoin ATM is that you will receive your coins within minutes...where as if you buy them online, they are not exactly instant. It will take some time to get to you.