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Author Topic: bitcoin atm  (Read 6420 times)
OROBTC
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June 14, 2017, 05:30:42 PM
 #121

I know one bitcoin machine in my country, but based on the guide video that i watch, the machine charges quite a lot and the rate is quite bad if you want to change your fiat to bitcoin.

Unfortunately most bitcoin ATMs are like that you described. Perhaps if there will be a lot of them, like two or three in every big shopping mall, then they will have no choice but lowering fees and giving better rates because of the rivalries.


I hope you are right, but the BTMs seem to be expensive to buy, maintain, take the cash out, as well as pay whatever rent.

There are about 7 machines in my city now (SE USA), none is cheaper than 13 - 14%, but it's a CITY and spread out, maybe with more BTMs closer together competition might help get fees lower.

If I am able to buy some BTC here in N Italy, I'll let you all know my experience.
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June 16, 2017, 08:59:16 AM
 #122

I know one bitcoin machine in my country, but based on the guide video that i watch, the machine charges quite a lot and the rate is quite bad if you want to change your fiat to bitcoin.

Unfortunately most bitcoin ATMs are like that you described. Perhaps if there will be a lot of them, like two or three in every big shopping mall, then they will have no choice but lowering fees and giving better rates because of the rivalries.


I hope you are right, but the BTMs seem to be expensive to buy, maintain, take the cash out, as well as pay whatever rent.

There are about 7 machines in my city now (SE USA), none is cheaper than 13 - 14%, but it's a CITY and spread out, maybe with more BTMs closer together competition might help get fees lower.

If I am able to buy some BTC here in N Italy, I'll let you all know my experience.

I understand this, but I think they shouldn't concentrate on the fast repay, but rather should be thinking long term. If everyone knows your Bitcoin ATMs are giving the best rates in town no one will go to others and in the long term you'll be in profit.
malikusama
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June 16, 2017, 09:58:36 AM
 #123

Don't have any bitcoin ATM in my country so far but I wish there would any. I have seen it on internet, it is quite impressive as you are able to buy coins into your wallet whenever you want through it just by putting your cash in.
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June 16, 2017, 11:17:00 AM
 #124

I do not see any sense in the existence of ATMs selling bitcoin. All operations with crypto currencies it's much easier to do on the Internet. Perhaps for this reason, these ATMs are not widespread.
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June 16, 2017, 11:24:44 AM
 #125

Don't have any bitcoin ATM in my country so far but I wish there would any. I have seen it on internet, it is quite impressive as you are able to buy coins into your wallet whenever you want through it just by putting your cash in.
I alredy heard that here in my county there is bitcoin atm and i am wondering what currency is loaded inside the atm? Dollar or fiat in our country or real bitcoin, i think if i see the bitcoin atm i want it to try if that was convinient to withdraw fiat that was good or buying bitcoin there
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June 17, 2017, 11:29:15 AM
 #126

Don't have any bitcoin ATM in my country so far but I wish there would any. I have seen it on internet, it is quite impressive as you are able to buy coins into your wallet whenever you want through it just by putting your cash in.

For now it is much better to do it on an exchange because bitcoin ATMs charge a lot for the service, so you shouldn't feel bad about not having it in your country. But I agree that sometimes we are ready to pay more for the convenience and it's a pity to not have that option.
calandra78
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June 18, 2017, 02:18:00 AM
 #127

That's a very brilliant idea to have soon if bitcoin atm is implemented worldwide, at least people have an option of their money which bitcoin atm brings your money to viewed as digital currency and converted it to fiat with a cash withdrawal options via atm machine. A big dream is now becoming a reality to most users of bitcoin and now its possible to everyone to learn all about it through that visionary of bitcoin atm.
Yeah right, I agree with the existence of the bitcoin ATM will increasingly facilitate us to every transaction and make it easier for us to keep the money in the form of bitcoin in foreign currency. then we should be happy if bitcoin can be implemented or be true. then we better start now learn all about it through the visionaries first.
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June 18, 2017, 03:46:22 AM
 #128

I know one bitcoin machine in my country, but based on the guide video that i watch, the machine charges quite a lot and the rate is quite bad if you want to change your fiat to bitcoin.
That must be for several reasons, but one of them should be because as it is not yet very broad its use, that is to say there are no rows of people waiting to use it, those who installed it have to recover their investment and / or ensure the maintenance of the equipment, besidesanother reason is that since they do not have competitors they still set the charges and keep them elevated.
Xester
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June 18, 2017, 03:56:44 AM
 #129

That's a very brilliant idea to have soon if bitcoin atm is implemented worldwide, at least people have an option of their money which bitcoin atm brings your money to viewed as digital currency and converted it to fiat with a cash withdrawal options via atm machine. A big dream is now becoming a reality to most users of bitcoin and now its possible to everyone to learn all about it through that visionary of bitcoin atm.
Yeah right, I agree with the existence of the bitcoin ATM will increasingly facilitate us to every transaction and make it easier for us to keep the money in the form of bitcoin in foreign currency. then we should be happy if bitcoin can be implemented or be true. then we better start now learn all about it through the visionaries first.

Yes, but very few bitcoin atm and it is only limited to other countries.  If that happened that bitcoin atm will be installed worldwide, then for some reason many will know about its existence.  Like what you said it will make easier for us to keep our bitcoin in foreign currency.  Not so soon but time will tell when will that happen.
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June 18, 2017, 04:10:36 AM
 #130

That's a very brilliant idea to have soon if bitcoin atm is implemented worldwide, at least people have an option of their money which bitcoin atm brings your money to viewed as digital currency and converted it to fiat with a cash withdrawal options via atm machine. A big dream is now becoming a reality to most users of bitcoin and now its possible to everyone to learn all about it through that visionary of bitcoin atm.
Yeah right, I agree with the existence of the bitcoin ATM will increasingly facilitate us to every transaction and make it easier for us to keep the money in the form of bitcoin in foreign currency. then we should be happy if bitcoin can be implemented or be true. then we better start now learn all about it through the visionaries first.

Yes, but very few bitcoin atm and it is only limited to other countries.  If that happened that bitcoin atm will be installed worldwide, then for some reason many will know about its existence.  Like what you said it will make easier for us to keep our bitcoin in foreign currency.  Not so soon but time will tell when will that happen.

Yes its only few but in the most popular country i think they already have installed bitcoin ATM like in our country we are in the third world country but i just discover lately that there is a bitcoin atm installed last january 2017 though the problem is it is far from my place. On the other hand  if there has a lot of bitcoin atm then i think it would be easy to us to cashout our bitcoins



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June 18, 2017, 02:46:39 PM
 #131

Don't have any bitcoin ATM in my country so far but I wish there would any. I have seen it on internet, it is quite impressive as you are able to buy coins into your wallet whenever you want through it just by putting your cash in.
I alredy heard that here in my county there is bitcoin atm and i am wondering what currency is loaded inside the atm? Dollar or fiat in our country or real bitcoin, i think if i see the bitcoin atm i want it to try if that was convinient to withdraw fiat that was good or buying bitcoin there

Why should there be dollars in the atm?
Unless you're living in the s or Ecuador there is no way the atm would have usd inside.

All atms are required to use the national currency and follow the law of the country where they are running.

Funny part about the bitcoins loaded inside  <insert meme of guy pushing bitcoins into atm>


Yeah right, I agree with the existence of the bitcoin ATM will increasingly facilitate us to every transaction and make it easier for us to keep the money in the form of bitcoin in foreign currency.

You lost me here.
How can you keep your money in bitcoin in foreign currency?





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August 17, 2017, 08:50:40 PM
 #132

I am undecided at this point because countries like England don't want to get rid of their sovereignty and currency and people around the world are waking up. That there are some powers to be keeping 90% of the population in slavery, well you just got to look around at the level of poverty rising... and the rest of the upcoming middle class is too busy thinking about what designer sh*t they gonna buy next to keep up with their neighbors. 
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August 17, 2017, 11:59:28 PM
 #133

That's a very brilliant idea to have soon if bitcoin atm is implemented worldwide, at least people have an option of their money which bitcoin atm brings your money to viewed as digital currency and converted it to fiat with a cash withdrawal options via atm machine. A big dream is now becoming a reality to most users of bitcoin and now its possible to everyone to learn all about it through that visionary of bitcoin atm.
Yeah right, I agree with the existence of the bitcoin ATM will increasingly facilitate us to every transaction and make it easier for us to keep the money in the form of bitcoin in foreign currency. then we should be happy if bitcoin can be implemented or be true. then we better start now learn all about it through the visionaries first.

Yes, but very few bitcoin atm and it is only limited to other countries.  If that happened that bitcoin atm will be installed worldwide, then for some reason many will know about its existence.  Like what you said it will make easier for us to keep our bitcoin in foreign currency.  Not so soon but time will tell when will that happen.

If Bitcoin ATMs were in every city, even just one then the whoel world would use Bitcoin for sure. There is no question about that it would increase in demand because everyone would know about it, want  it yet there would be no supply and the price would skyrocket. There should be a program that gives cheap ATMs at cost for the sake of growing Bitcoin... imagine how great that would be!



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Casdinyard
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August 18, 2017, 01:33:17 AM
 #134

That's a very brilliant idea to have soon if bitcoin atm is implemented worldwide, at least people have an option of their money which bitcoin atm brings your money to viewed as digital currency and converted it to fiat with a cash withdrawal options via atm machine. A big dream is now becoming a reality to most users of bitcoin and now its possible to everyone to learn all about it through that visionary of bitcoin atm.
Yeah right, I agree with the existence of the bitcoin ATM will increasingly facilitate us to every transaction and make it easier for us to keep the money in the form of bitcoin in foreign currency. then we should be happy if bitcoin can be implemented or be true. then we better start now learn all about it through the visionaries first.

Yes, but very few bitcoin atm and it is only limited to other countries.  If that happened that bitcoin atm will be installed worldwide, then for some reason many will know about its existence.  Like what you said it will make easier for us to keep our bitcoin in foreign currency.  Not so soon but time will tell when will that happen.

Yes its only few but in the most popular country i think they already have installed bitcoin ATM like in our country we are in the third world country but i just discover lately that there is a bitcoin atm installed last january 2017 though the problem is it is far from my place. On the other hand  if there has a lot of bitcoin atm then i think it would be easy to us to cashout our bitcoins

Bitcoin ATM is a good idea and there are countries thats using this. But here in my country maybe if there will be an ATM here, we just be like "okay thats nice" like we dont bother at all because here we can cashout anytime in our banks and exchanges without fee. So if bitcoin atm yeah is another option of cashing out but for sure the atm booth will be just limited. But having bitcoin atm in a country is really cool idea like this is a good indication that many are using bitcoin in their daily lives.

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October 07, 2017, 10:30:25 AM
 #135

bitcoin atm is a very good idea where you can exchange your bitcoins to the money of your own currency. With that, life would be easier and bitcoins will be easy to access.

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October 07, 2017, 10:41:04 AM
 #136

Here in my country there's not that much people or businessmen that are into bitcoin ATM even the biggest exchange here doesn't have a bitcoin ATM. But someone showed me that there's only one bitcoin ATM here but it's far from my place so I just looked at it's picture and asks some people who are near to that place and they confirmed that there's a bitcoin ATM so it's good to know that there's an existing btc ATM here even it's only one.

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October 07, 2017, 11:07:14 AM
 #137

Here in my country there's not that much people or businessmen that are into bitcoin ATM even the biggest exchange here doesn't have a bitcoin ATM. But someone showed me that there's only one bitcoin ATM here but it's far from my place so I just looked at it's picture and asks some people who are near to that place and they confirmed that there's a bitcoin ATM so it's good to know that there's an existing btc ATM here even it's only one.
So bitcoin ATM already existed? How interesting! Which country are you? I also want to see a real bitcoin ATM and I want to compare its differences and similarities in bank ATMs. I'm now more curious of it because it's my first time hear about it. I wonder why only one is made in your place why not also make in other countries. Is that a very safe one to use for transaction? Does it also have passbook that is same as bank?
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October 07, 2017, 02:04:05 PM
 #138

Here in the Philippines, we do not really have Bitcoin atm. The account or address we have for Bitcoin is coins.ph which is already being used as a Bitcoin atm. It is very user friendly and provides different services as well.

And I really think we do not need Bitcoin ATM anymore because the address provider, coins.ph, already provides us the option to cash out or money through our bank ATM. That is actually a more convenient way as you do not need to cash out the money from Bitcoin and deposit it to bank savings account. So it is alreadu like just a fund transfee frlm Bitcoin to cash and directly to savings account
cryptojac17
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October 07, 2017, 02:28:17 PM
 #139

Here in the Philippines, we do not really have Bitcoin atm. The account or address we have for Bitcoin is coins.ph which is already being used as a Bitcoin atm. It is very user friendly and provides different services as well.

And I really think we do not need Bitcoin ATM anymore because the address provider, coins.ph, already provides us the option to cash out or money through our bank ATM. That is actually a more convenient way as you do not need to cash out the money from Bitcoin and deposit it to bank savings account. So it is alreadu like just a fund transfee frlm Bitcoin to cash and directly to savings account
It’s more convenient for BTC user to have an ATM card or just using your cellphone you can transact business already, that a very welcome and brilliant idea, you don’t need to have cash, your ATM card serve as wallet where BTC will be sent. 

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October 07, 2017, 03:29:18 PM
 #140

Yes it’s quite impressive that bitcoin atm will be physically available. Let’s see the successfulness of this crypto currency will bring a lot of changes it will be a difficult task to implement bitcoin atm everywhere. But it will be good to withdraw everywhere any amount without involving any bank etc.

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