Are bitcoin ATMs worth using?

[Jeremycoin]

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!

That's a little bit weird actually, because online shopping is on the internet and you already have the internet currency for shopping. Then why do you even have to change it into fiat?
If you want to online shop to a site that already accept Bitcoin as the payment, then you don't have to use the ATM. And however, nowadays most of the online shopping sites already accept payment through credit card or even PayPal. And you can actually buy some Card balance or PayPal credit with Bitcoin, so you don't actually have to exchange your Bitcoin into fiat.
But if you just want to do it just for trying a new experience, then it's up to you.

[mindrust]

I heard many scams are going on with those machines. It is usually the high fees they ask. I am sure not all of them are scammy but some of them are. And they dont tell you the fees unless you make the transaction/withdrawing. I wouldn't use them tbh.

[Yutikas_11920]

I like the idea of having a bitcoin ATM. Hopefully we can also have it here in Pakistan. It would be much better than a third party site to do the exchange I believe. More secure, less vulnerable and handy to have access all the time.

i see no point in it, it also cost money and require some id, which is against what bitcoin is

Yeah, indeed the negative impact of the use of the ATM of your Bitcoin impact like that. It is indeed contrary to the purpose of the bitcoin ATM users, because it is bitcoin ID card will be required for logging and also cost pertransaksi or storage that will be charged to the owner of the ATM Bitcoin. Better to use the ATM instead of using bitcoin wallet bitcoin

[Schuyler]

Honestly, I haven't seen an actual bitcoin ATM and the most I've seen are over the net. From where I come from, I don't think this is really worth it because not a lot of people know anything about bitcoin, much less a bitcoin ATM. We have mobile phones that are easier and more accessible to use.

[shinratensei_]

I heard many scams are going on with those machines. It is usually the high fees they ask. I am sure not all of them are scammy but some of them are. And they dont tell you the fees unless you make the transaction/withdrawing. I wouldn't use them tbh.

High fees that is true, but about many scams in machine i never heard about that, maybe just a criminal putting another component to recording the users data. but like using bitcoin debit card the fees is so high and i ever to trying using that and this is time i never using it again.

[Strongkored]

Honestly, I haven't seen an actual bitcoin ATM and the most I've seen are over the net. From where I come from, I don't think this is really worth it because not a lot of people know anything about bitcoin, much less a bitcoin ATM. We have mobile phones that are easier and more accessible to use.

As well as here, to my knowledge there is no atm bitcoin in this country. Because bitcoin users here can still be said to be not much, and if there atm bitcoin I think very few people use it. But besides that, even if I needed money suddenly live contact exchanger which I believe and redeem my bitcoin became fiat. That way I can take the money in the ATM fiat, and I think this is fast. Hehe

[extrabyte]

I think that if people that want to buy bitcoin have no other way to obtain bitcoin then ATM is the last opportunity to purchase bitcoins, but if people have other ways to purchase bitcoins then I would not use ATM because their fees are high and your privacy is not anonymous anymore.

[Minerjoe]

The best and most convenient option s to get Bitcoin debit card and use it whenever you want to buy something. That is if you only want to cash out BTC to Fiat.

[johnnyyash]

Well I would have said you use the ATM btc, cause its save and convenient.. Than internet..ATM btc will be an easy one...

[Achargeturry78]

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!

for me it's better to use exchange website why because the advantage of using exchange website is where you can sell your bitcoin and then your gonna deposit it in your bank because here in philippines where we use coins.ph , and coins.ph is partner with some banks where we can use that for our withdrawal security bank is one of the best for atm and also here in philippines we have already bitcoin atm machine it called atm panda where you can withdraw your bitcoin into real cash 

[gentlemand]

ATMs sound like something of a lottery. You never know what you're going to be charged, how much ID they want or whether they're actually there any more. If there was a good one near me I'd make use of it but some of the premiums you here about would make me squeal.

Do you live somewhere where you have an over the counter type of thing? In the UK there've been a few attempts to offer Bitcoin via the same places you can pay your electricity bills or pick up mobile phone credit. They did all seem to fade away though.

[vizique]

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!

A couple of things...

What country are you in? It's a useful detail

In the UK, ATM operation is far more relaxed and an easier business to run than in somewhere such as the USA.
As an ATM operator we find that many of our customers love using them for ease, simplicity and anonymity.

Also, a number of our customers are not as tech savvy as say the forum users here that decry using one. Remember, not everyone is as competent as you (*looks around the forum.....)

Some people see/hear of BTC and rather than "risk" (in the their eyes) the wild west frontier of Exchanges (which get a bad rap due to things like Gox and Finex) they see ATM's as a Safe option in their world.

So, yes, ATM's definitely have their place in the world of BTC and they're growing in number for a reason, people WANT to use them, simple.

Fee's can be high with some yes so it pay's to shop around, but then convenience comes at a cost in most markets and in this Bitcoin ATM's are no different.

Hope that helps.

Viz

[vizique]

ATMs sound like something of a lottery. You never know what you're going to be charged, how much ID they want or whether they're actually there any more. If there was a good one near me I'd make use of it but some of the premiums you here about would make me squeal.

Do you live somewhere where you have an over the counter type of thing? In the UK there've been a few attempts to offer Bitcoin via the same places you can pay your electricity bills or pick up mobile phone credit. They did all seem to fade away though.

CoinATMRadar.com is your friend, theyusually have the rates of the ATM in your area if there is one.

[serjent05]

I like the idea of having a bitcoin ATM. Hopefully we can also have it here in Pakistan. It would be much better than a third party site to do the exchange I believe. More secure, less vulnerable and handy to have access all the time.

i see no point in it, it also cost money and require some id, which is against what bitcoin is

Well this is maybe the reason why bitcoin atm is not that popular   It just conflict the idea of bitcoin as being anonymous which is really not 100% and can be traceable with the use of the third party people.  Just like  what happen to someone who is  known customer of coinbase LOL. 

[vero]

of course worth, you can pull out the money from your bitcoin wallet without having to do an exchange like you usually do to sell bitcoin into fiat money.

[vizique]

I like the idea of having a bitcoin ATM. Hopefully we can also have it here in Pakistan. It would be much better than a third party site to do the exchange I believe. More secure, less vulnerable and handy to have access all the time.

i see no point in it, it also cost money and require some id, which is against what bitcoin is

Well this is maybe the reason why bitcoin atm is not that popular   It just conflict the idea of bitcoin as being anonymous which is really not 100% and can be traceable with the use of the third party people.  Just like  what happen to someone who is  known customer of coinbase LOL. 

Many of the naysayers here and the ANON Limites are very COUNTRY specific. Be aware. Jurisdiction IS important in this discussion.

UK is very relaxed, other places not so much.

Our ATM's (and those of our competitor) do VERY well thanks proving that ATM's ARE a greta idea when done right AND they're in the right place. And out users love them.

[asriloni]

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!

It`s not worth it man.Bitcoin ATMs are extremely rare and i don`t think there are any merchants who accept

bitcoin as paper money.Bitcoin is invented as a virtual currency and should be used as a virtual currency.

It`s more convenient.

That's right, it's not worthed for using bitcoin atm at this time but if you mean a bitcoin debit card it's soo bad because they charge the users with a high fee. but consider again for using bitcoin atm like from this site.
https://coinatmradar.com/

[avikz]

The answer is simple "NO". It is because of the high withdrawal fees. Instead of paying so much fees, it is better to withdraw all your money through an exchanger in one go and use it for shopping.

Also I think bitcoin ATM is not a financially viable business. The installation and maintenance of an ATM is huge and to recover the expense, the ATM owner will have to take it from the users. So it is always better to use exchanger service to withdraw bitcoin.

[Milkduds]

Contacted a BTM before going to use it to make sure I could just create a paper wallet and not be forced to use my cell phone. I finally get to the location and may I say it was in a super sketchy spot with cops rolling down the block every 30 seconds. Anyways...Step to the dang machine and the very first prompt after English or French was "Please type in your cell number"!
What good is support if they are going to lie to me about their services?

Ended up having to tack a 45 minute trip on to the trip to visit another companies machine.

[soros017]

The high fees are certainly because of the low number of people using it, I think the fees will be lower over time.