Are bitcoin cash machines becoming more popular?

[Captimiz]

I heard there was a spike in 2014/2015, haven't heard much about it in the news recently.

[bartolo]

If you mean bitcoin ATMs I think yes, they are becoming more popular and more are being created, at least I tend to see news from new bitcoin ATMs. There is a website where you can check the bitcoin ATMs in the world and you can even do a ranking by countries https://coinatmradar.com/

[dothebeats]

The ATH prior to what we have right now happened on Nov 2013, and what do you mean by cash machines? Bitcoin ATMs or do you use it figuratively to describe bitcoins? Because id you're talking about the latter, what happened is FOMO; people simultaneously throwing money in hopes of getting it big.

[Pab]

I know that thay are at almost any corner in Vietnamise cities,vietnamise much more prefer to send money with btc than fiat,than thay go to money machine and cash out.Money machines of one Spanish bank are integrated btc,you can withdraw with euro fee is only 1% same service is available in Romenia and Lithuania

[sikke]

I heard there was a spike in 2014/2015, haven't heard much about it in the news recently.

Yes indeed, there was many new BTC cash machines created in 2014 and 2015, but we are talking about past now.
From that time, there are still new being created, and we can see more of them showing up in the public places.
It still depends in which country and city you are, but I think that there should be at least one bitcoin ATM in your region.

But to be honest, im not using such a service because maybe it is comfortable but i need pay a fee even up to 7-8%.
That is why I just prefer to sell my BTC on some kind of exchange, where I get bank transfer on my account. The commision is greatly lower.

[equator]

I heard there was a spike in 2014/2015, haven't heard much about it in the news recently.

Yes indeed, there was many new BTC cash machines created in 2014 and 2015, but we are talking about past now.
From that time, there are still new being created, and we can see more of them showing up in the public places.
It still depends in which country and city you are, but I think that there should be at least one bitcoin ATM in your region.

But to be honest, im not using such a service because maybe it is comfortable but i need pay a fee even up to 7-8%.
That is why I just prefer to sell my BTC on some kind of exchange, where I get bank transfer on my account. The commision is greatly lower.

ya it is true that withdrawing cash from bitcoin ATM machine are costlier then converting the bitcoin to fiat currency and using it, apart from that if i am not wrong only most of the Euro country are having the Bitcoin ATM  machines. So their is not such demand in 2016 or 2017.

[Kprawn]

The problem with some of these machines are the high fees they add to the whole process. Bitcoin was meant to be a alternative P2P payment

option over cash and with all these third party services adding fees to it.... it is getting prohibitively expensive and not suitable as a alternative

anymore. The scaling problems and the constant spam attacks are not helping at all... 

[bering]

i didn't see it will became more popular in my country and most of the bitcoiners is not interested using it because they says it the fees for each transactions was pretty high rather than convert into local exchange

[Huge Black Woman]

Mo' poppylar?  I ain't never seen one yet!  Where they at?

[jingsu1]

Mo' poppylar?  I ain't never seen one yet!  Where they at?

There are a few in my city. The fees are obviously higher, but I think when people need it urgently they don't mind a few percent more than market.

[LTU_btc]

I'm not sure sure that Bitcoin ATM's becoming more popular. Maybe in countries where many people using bitcoins these machines are popular. But in whole my country there are only one Bitcoin ATM. Main problem that Bitcoin ATM's charging to big fees.
But I can say that Bitcoin debit cards is really getting popular.

Money machines of one Spanish bank are integrated btc,you can withdraw with euro fee is only 1% same service is available in Romenia and Lithuania

Can you name that service, I'm interested to try it.

[cellard]

In Switzerland there's a massive amount of Bitcoin ATM's that you can find everywhere. Literally on every single train underground stop there's machines with nice screens to trade BTC at:

https://bravenewcoin.com/news/largest-swiss-railway-company-turns-1000-ticket-machines-into-bitcoin-atms/

This will only keep going up as Switzerland becomes a Bitcoin haven. As the banks end their possibility to be private for customers, Bitcoin will be the next level.

[bitbunnny]

I think they becoming more popular, at least in my country. I see that more and more ATMs are opening. At the first there were just two in the capital and now there are couple of them in other cities too. ATMs are convenient and easy to use, anonimous too, and that is why people like to use them.

[crairezx20]

Here in my country only 1 ATM machine here and waiting for more atm we be launch in the future like other said switzerland has many bitcoin atm machine so bitcoin is growing in their place.. we know people  will always curious if they seen there are new like bitcoin machine that can push the value increase . if more banks trusting bitcoin there are possibility that more bitcoin will be launch someday..

[Qartada]

Bitcoin ATMs are a godsend to their owners.

They can get hundreds of people wandering by a cafe or wherever they put it and half of them will think "oh, Bitcoin, I've heard a bit about that, how can I be super alternative and cool by buying it?"

Then they put shitloads of effort into figuring out what wallets to use and how it works just to end up with Coinbase, and they buy some Bitcoin from the ATM with a fee of 10% or something.  Boom, the ATM is rich because of people doing some gimmick instead of a reputable exchange or service.  Bitcoin is rooted online and Bitcoin ATMs are pretty dumb since you're transferring between actual currencies instead of different forms of the same currency.

[Blitzboy]

I do think so. I have found more and more bitcoin machine in my countries and other countries, Bitcoin will soon be used by everyone and people will pay attention to what is going on their street. 

[dissident]

bitcoin has gotta be great if you live in one of them shit countries where you can't trust your local currency or get ahold of precious metals.    Freedom from corrupt government officials unless they kick down your door and shoot you, that is. :p  North Korea, anyone?

[farl2web]

bitcoin has gotta be great if you live in one of them shit countries where you can't trust your local currency or get ahold of precious metals.    Freedom from corrupt government officials unless they kick down your door and shoot you, that is. :p  North Korea, anyone?

Of course now there are many countries where Bitcoin is banned, but it may not be so cardinally that a person is shot near an ATM. And whether you have such things happen in North Korea, then I would not be surprised. Although there is information that some countries have introduced criminal liability for currency transactions with crypto currency.

[Junko]

Last time I checked, there were 4 bitcoin atm's in my city, maybe more now, idk. I've seen two of them. They were both two way, meaning you can buy or sell bitcoins. The thing is though, as a poster mentioned above, the rates are less favorable for the user. It cost more fiat to buy bitcoin and you get less fiat in return if you sell bitcoins.

It seems these machines are also franchised - at least the one machine I tried to use just to try it out. The one I tried to use wasn't working so I called the number and it was some local guy who said he was the owner of it. We got to talking over the phone and I asked him stuff about the bitcoin atm. The guy said he bought the machine from the company that made it (I don't remember the name) and that he can set the rates at whatever he wants. I don't remember if there was an extra fee as well on top, there may have been.

Since it wasn't working, he offered to drive over since he was just 15 minutes away to do a trade in person if I wanted to at the same rate. I declined, explaining that the only reason for me trying to use his btc atm machine was to just try it.

With so many more convenient and cheaper ways to buy/sell bitcoin, the only way I see btc atms as becoming more popular is if the rates were more comparable to those other methods.

[Yakamoto]

I heard there was a spike in 2014/2015, haven't heard much about it in the news recently.

I personally haven't been seeing a lot of them, but I'm in Western Canada/West USA so there isn't a ton of demand for stuff like this. I know of one or two of them that exist, but not a lot more beyond that and I think there's maybe 5 or 6 in the places that I go to regularly, across two countries.

As for there being no news, it's probably because business is going on as usual. Nothing exciting about the same mundane content.