Are bitcoin ATMs worth using?

[barbara44]

Exchange websites are better and have reasonable prices but Bitcoin ATMs are too exchange and seriously I don't get why the prices are so high while withdrawing the money in a local currency. There are costs for activating costs as well for the debit cards and then a list of other fees charged. It's seriously not worth.

I have to agree with you. For now just use your exchange of choice and think ahead of time. Bitcoin ATM’s are not everywhere and more importantly the fees are high since not many people use them. But like fiat ATMs, these bitcoin ATMs will serve you in peculiar situations like in a mid-night emergency.

[jostorres]

Exchange websites are better and have reasonable prices but Bitcoin ATMs are too exchange and seriously I don't get why the prices are so high while withdrawing the money in a local currency. There are costs for activating costs as well for the debit cards and then a list of other fees charged. It's seriously not worth.

I have to agree with you. For now just use your exchange of choice and think ahead of time. Bitcoin ATM’s are not everywhere and more importantly the fees are high since not many people use them. But like fiat ATMs, these bitcoin ATMs will serve you in peculiar situations like in a mid-night emergency.

Bitcoin ATMs' advantage right now is that you can withdraw at any given time, even if you don't have any access to internet connection. However, the price for that is you have to pay tremendous fees. If you're okay with that, then it's all fine. Generally, however, it's not preferable to use bitcoin atms because of the high fees.

[nizamcc]

Bitcoin ATMs is surely a great deal if you are to get your funds instantly, but remember, to get better services, you need to pay something higher too.
Costs are much high compared to converting your coins and getting them handy. So, I would recommend you to convert your coins into fiat instead of paying such high fee to vendors, let them cool down.

[BitLinkInvestments]

All a matter of preference at the end of the day my friend!  Personally I like ATM's only because I have many very near by my house here in vegas.

[shinratensei_]

There was a Bitcoin ATM down the street where I used to live, they used to charge $1,000+ per BTC when the average price was between $490-500

Of course they will charge more. Not worth it unless you want the anonymity.

Damn, I think you're just making jokes with an irrelevant example... please correcting about your post... maybe you're not remembering your full experience about bitcoin atm.

I'm not joking, this was at a Hasty Market outlet in Canada.

But I just understanding your post is charge $1000+ for 1 BTC is withdrawal from the atm? okay but you're giving more detailed information about that but I think that is really like a jokes man, I'm sorry if I'm miss understanding.

[bravehearth0319]

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

Yes! it is worth using at this moment, Its has a big advantage too specially if you want to give money to your family or loveones, you don't need to go outside to visit remittances office, You can send them money just proceed in the merchant who accepted bitcoin like here in my country. Also in billings you can them through merchant by using bitcoin as payment to your bills. And about the disadvantages I think the net connection only, if you don't have nice network into it you cannot use bitcoin without it.

[bravehearth0319]

Atm bitcoin is suitable if a region has many bitcoin users and many stores that use bitcoin payments. If in the area I may not be suitable because it is very difficult to find a place to use bitcoin payments. I myself do not know the shape of the atm bitcoin as to what, if in my area there and many are using it possible I will also use it.

At the present time now majority of the country is not accepting bitcoin yet, some country bitcoin is already accepted which means the masses adopted it and using it in different advertisement businesses which is bitcoin is accepted already. well It will be a difficult to your case to find a place where you can use it so well, especially if it is not yet spreadout the information about  the benefits of bitcoins into your place.

[bravehearth0319]

in present time as bitcoin is not yet so much introduced in the people and its users are also not so therefore i think itis not too much worth to use bitcoin ATM.

It's not worth to those people who will not open their mind about the benefits of bitcoins, even they see it or witness the edge of having a bitcoin. And we know it can be introduce to anyone, it will be depend on the individual of how are they gonna explain it to their neighbor.

[bravehearth0319]

There was a Bitcoin ATM down the street where I used to live, they used to charge $1,000+ per BTC when the average price was between $490-500

Of course they will charge more. Not worth it unless you want the anonymity.

Damn, I think you're just making jokes with an irrelevant example... please correcting about your post... maybe you're not remembering your full experience about bitcoin atm.

I'm not joking, this was at a Hasty Market outlet in Canada.

But I just understanding your post is charge $1000+ for 1 BTC is withdrawal from the atm? okay but you're giving more detailed information about that but I think that is really like a jokes man, I'm sorry if I'm miss understanding.

Even me I've been thinking that your just kidding only. 1000$ charge for every 1BitcoinBTC, whoe! that is too much!,isn't? It's hard to believe dude. Are you saying that in Canada that's how they use bitcoin? They gave a high charge of it.

[Yakamoto]

Atm bitcoin is suitable if a region has many bitcoin users and many stores that use bitcoin payments. If in the area I may not be suitable because it is very difficult to find a place to use bitcoin payments. I myself do not know the shape of the atm bitcoin as to what, if in my area there and many are using it possible I will also use it.

Even in regions where Bitcoin is quite prominent and where there are a number of physical locations that accept Bitcoin, I probably still wouldn't want to use a Bitcoin ATM because of the massive fees that are charged by a huge number of the physical ATMs. I went to go see one of them a little ways away from where I live, and I think it was charging something like 15% on sales or whatever. Insane fees for a relatively simple service.

[ardentvolcanoes]

in present time as bitcoin is not yet so much introduced in the people and its users are also not so therefore i think itis not too much worth to use bitcoin ATM.

no , it is still worth to use bitcoin ATM because it is more convenient to withdraw some money from your bitcoin and you don't need to covert it dollar or what local currency you have from exchange or go to any remittance outlet and done some fill up forms and wait until your name is called . here in my country although we have a cardless withdrawal from ATMs' but most of the time it is under maintenance so i think it is much better to use an actual bitcoin ATM .

[Golftech]

in present time as bitcoin is not yet so much introduced in the people and its users are also not so therefore i think itis not too much worth to use bitcoin ATM.

no , it is still worth to use bitcoin ATM because it is more convenient to withdraw some money from your bitcoin and you don't need to covert it dollar or what local currency you have from exchange or go to any remittance outlet and done some fill up forms and wait until your name is called . here in my country although we have a cardless withdrawal from ATMs' but most of the time it is under maintenance so i think it is much better to use an actual bitcoin ATM .

good point mate it is really convenient not to fall in line to cash out so just like you for me btc ATM is usable and give convenient especially if you need spot cash.

[dearbesz1219]

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

Perhaps some country most likely adopting the system of it and bitcoin is already accepted it too. That's why they can do shopping online.
When it comes to advantage it is very secure and convenient to use, while the disadvantage for me is, if the net connection is poor we cannot use the benefits of bitcoin it will be useless. That's what I saw into it.

[dearbesz1219]

I would rather buy Bitcoins in the currency exchange section or any local currency exchange site than travel all the way to place with Bitcoin ATM and whats worse is after travelling hours on the road, spending some money for gasoline, you'll find out that Bitcoin ATM is offline.

I think you have a point with that things, That's the reality happening now. I'm just imagining what if the petroleum/gasoline companies are accepting bitcoin I think it will be a good chance to each everyone of us, isn't?

[danherbias07]

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

Perhaps some country most likely adopting the system of it and bitcoin is already accepted it too. That's why they can do shopping online.
When it comes to advantage it is very secure and convenient to use, while the disadvantage for me is, if the net connection is poor we cannot use the benefits of bitcoin it will be useless. That's what I saw into it.

I experienced this problem once. Lost of internet connection and I really need money. Can't withdraw my bitcoin through an ATM due to connection problems. It got me like an hour before I finished the transaction. plus the waiting time for the confirmation and email.

[ausbit]

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

Perhaps some country most likely adopting the system of it and bitcoin is already accepted it too. That's why they can do shopping online.
When it comes to advantage it is very secure and convenient to use, while the disadvantage for me is, if the net connection is poor we cannot use the benefits of bitcoin it will be useless. That's what I saw into it.

I experienced this problem once. Lost of internet connection and I really need money. Can't withdraw my bitcoin through an ATM due to connection problems. It got me like an hour before I finished the transaction. plus the waiting time for the confirmation and email.

I agree, there are many inconvenience had been reported. But, the most important part with it is better to get them ahead of time of an exchange to save yourself from any possible hassles. Bitcoin ATMs have pretty reasonable fees that too for on-hand exchanges.

[awesome31312]

It's really ironic we end up with all these high fees, when one of the most prominent selling points of Bitcoin was that there are no taxes associated with it.

[marleybobthedog]

Not really worth. As there is no possibility of using bitcoin offline in our country so having atm is of no use. And all i buy with bitcoin is online and only for digital goods. As very less website accept btc.

[CloudStrife]

I believe that using Bitcoin ATM is more convenient for people who have it near from the place where they live, but the problem is that there is still a low number of ATMs out there, and most of these people will not find it in a place where it is worth to move. In that case, still will be better to use the conventional process, using the online exchanges.

[mk4]

bitcoin ATMs vs exchange sites? Compare the prices. Go for where you save more on conversions. Lucky you have bitcoin ATMs in your country by the way. In my country people barely know what bitcoins are.