Are bitcoin ATMs worth using?

[ranochigo]

Obtaining Bitcoins from Bitcoin ATM can be much less time consuming than using an online exchange. Bitcoin exchanges usually require AML/KYC verification and after that, the wire/bank transfer can take a day or two. Depending on your jurisdiction, some ATM operators can choose to not turn on the verification and the users can protect their privacy even more.

Bitcoin exchanges are arguably, cheaper and convenient. If you want to exchange fiat to Bitcoin frequently or in large amounts, online exchanges usually provide their user with a much lower fees and a higher liquidity.

[TraderETH]

In my opinion for today is not, because there are not many people who know it and there are not many people use use it as payment method then there are not many stores who accept bitcoin.

[erikalui]

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.

[shinratensei_]

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.

Because that is through a lot of processes and that is can make the fees is become very high, I ever trying using bitcoin debit card maybe i can say is not having a much difference with using bitcoin atm and that is very not worthed in their fees.

[xuan87]

I think bitcoin ATM is very useful if you can find it in your region, but if for online transaction its better to use internet, because it has the track and the prove of the transaction and in internet you have a better security

[danherbias07]

I think bitcoin ATM is very useful if you can find it in your region, but if for online transaction its better to use internet, because it has the track and the prove of the transaction and in internet you have a better security

Here we dont really have that kind of ATM. But we can withdraw it to an ATM from a bank. Good thing the wallet exchange website is connected to every bank and they can easily transfer your money to the bank you want.

[warwar]

I think bitcoin ATM is very useful if you can find it in your region, but if for online transaction its better to use internet, because it has the track and the prove of the transaction and in internet you have a better security

Here we dont really have that kind of ATM. But we can withdraw it to an ATM from a bank. Good thing the wallet exchange website is connected to every bank and they can easily transfer your money to the bank you want.

Same here but lot of country now a days have a bitcoin atms and  is really nicr but the problem is how do we handle the keep of falling of the price of the bitcoin?  If it is the same with our btc wallet if we send money to other and the price is high also the price is high how ever if its low also its low .  if its like pur currency stayput with the price if we didnt undergo with exchange then its nice

[Lokfar]

For me exchanges are the best way to get bitcoin. ATMs can be handy for people who live abroad and need bitcoin, but with your bank account bitcoin at an exchange is more convenient.

[tegacoll86]

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!

Absolutely. They are safe and a great way to get fast cash from your bitcoin wallet. Mnay people are hesitant to try them but I assure you, they are very secure. I’ve used one myself in my hometown and it worked perfectly.

[severaldetails]

My next bitcoin atm is a few hundred miles away, so I was never able to test one of these things.
But I have red that they have high fees.
Can anyone tell me how high thy are? Would be interesting to know.

[Karartma1]

Buy and selling bitcoins at those atms is still very expensive: it's true that it is a quick and fast service but fees are too damn high at the moment. I know people who own them need to gain something from it but unless you are in a hurry I would use them

[Supercrypt]

Buy and selling bitcoins at those atms is still very expensive: it's true that it is a quick and fast service but fees are too damn high at the moment. I know people who own them need to gain something from it but unless you are in a hurry I would use them

That's exactly the reason why we wouldn't want to be using BTMs right now. The fees are too damn high.
We know that it's not too popular yet but that doesn't mean that they should have so much fees just to cover for their own expenses (well, that should be a given but still), this gives us the reason to not use them.

[Doamader]

Buy and selling bitcoins at those atms is still very expensive: it's true that it is a quick and fast service but fees are too damn high at the moment. I know people who own them need to gain something from it but unless you are in a hurry I would use them

That's exactly the reason why we wouldn't want to be using BTMs right now. The fees are too damn high.
We know that it's not too popular yet but that doesn't mean that they should have so much fees just to cover for their own expenses (well, that should be a given but still), this gives us the reason to not use them.

I believe there is one where i live, i need to travel something like 3-4 hours to reach it, but i wont use as i can sell or buy bitcoins with a person who is trusted and knowing those atm are charging such fees i wouldnt use them. When i saw the first new about them i thinked it would come with a cheap service, soo all could use them, but until bitcoin achieves mainstream is a sure the big fees will keep.

[shinratensei_]

Buy and selling bitcoins at those atms is still very expensive: it's true that it is a quick and fast service but fees are too damn high at the moment. I know people who own them need to gain something from it but unless you are in a hurry I would use them

That's like sue them for making a fast and good service for us and that is matching if they will charge high fees. and too rarely for finding the bitcoin atm in the country and I think in one country just there some am in there.

[OROBTC]

...

Yes, the BTC ATMs have very high fees.  But, it's take it or leave it.

We are visiting Seattle now, I just used one at the Westlake Mall (downtown, at the end of the monorail), it works.  The machine requires an ID (Driver's License) scan.

There was a guy in front of me who was using it when I got there.

[J Gambler]

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!

Yeah if you are not sure using bitcoin atm then you can use some exchange website where you can easily change you bitcoin into real money too , but here in my country now we have Bitcoin Panda Atm machine where we can easily exchange our bitcoin into real cash then we cna use it for shopping tho

[drwtsn32]

ATMs may come in handy but you must expect it to be more expensive.
Because it will be surely made by a private company they won't make something where they cannot have something in return.

[Jambolb2]

An exchange would be much better... If you are willing to shop online then you should probably not pay the ATM fees but just use an exchange and do your work where you will save quite a good amount in terms of fees..

[CraigWrightBTC]

I think depend on countries who the people use bitcoin, ATM will worth using but if on countries with low users of bitcoin it will not be worth using it. Because not all of countries the people use bitcoin.

[PaulPogba8]

It is OK, but I think the fees are high, correct me if i am wrong. But you can use btc more easier, that is the advantage. I think one btc atm costs 50k usd??