Bitcoin ATM increasing at rapid rate.... update

[pat4cryptoreal]

 I would have even like to contact the bitcoin ATM companies personally for them to consider bringing the bitcoin ATM to my country. It will be a very fertile ground for them but our government and central bank are still confuse over the issue of bitcoin. But I know we will have a technologically enlighten government official that will understand the concept of blockchain technology in future.

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[salihno71]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

Trend is definitely quite good here. Once the scalabillity issuse is addressed in the proper way, i suspect we will see the real explosion of those - maybe even introduction on regular ATM-s which would be a blast.

[eternalgloom]

Buying bitcoin fee is around usually around 10%-25% depending on the ATM. Some ATM have 3% fee. There are a few different brands.

Selling bitcoin is 0% fee.

What country are you talking about btw? I've just found an article that lists the average fee on Bitcoin ATM's and it's nowhere near the percentage that you mention.

The average fee on Bitcoin ATMs in 2016 was 7.5% and 923 machines were tested in total.

Usually the fees are below 10% and I can't imagine anyone paying a 25% fee to buy Bitcoin.

Source: https://coinatmradar.com/blog/bitcoin-atm-fees-2016-revision/

[Naster]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

May I know which country is it please?
Could be also a good destination for vacation

[cipher-x_09]

Wow that's good in our city there is a lot we can use to buy bitcoin I guess there is I think 10 if I stand correct its hassle free easy way of paying my bills online with no surcharges yay!

[Tszunami98]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I get really depressed when I read things like this. My country has 4 bitcoins machines so I consider myself really lucky to live in a city with one Hopefully the trend will come to other parts of the world as well.

My country has 5 bitcoin ATM's with a 7% fee, and 4 of them are in my city, all of them in a 100 meters area . Somebody didnt think this thru...

[Naster]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I get really depressed when I read things like this. My country has 4 bitcoins machines so I consider myself really lucky to live in a city with one Hopefully the trend will come to other parts of the world as well.

My country has 5 bitcoin ATM's with a 7% fee, and 4 of them are in my city, all of them in a 100 meters area . Somebody didnt think this thru...

So how is called your city please? :-)

[Jafri101]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

That shows the popularity of bitcoins. Well in my country people are still unknown about the crypto currency. Its still under developing country here we can sell n buy bitcoins from merchants that have invested and they sell it on great profits. There are no atm machines still here. I wish we could have some.

[junoreactor]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I get really depressed when I read things like this. My country has 4 bitcoins machines so I consider myself really lucky to live in a city with one Hopefully the trend will come to other parts of the world as well.

My country has 5 bitcoin ATM's with a 7% fee, and 4 of them are in my city, all of them in a 100 meters area . Somebody didnt think this thru...

So how is called your city please? :-)

His profile indicates that he might be in Romania. Maybe Tszunami98 can confirm?
Still 7% fee is high, really, don't want to sound like cheap but I would rather convert my BTC to Euros and transfer to my bank account.
Fees should go down though as BTC becomes more adopted and if ATM are to be found in more and more places...
well I hope so.  

[Wulanayu]

wow ..... if only in my city there, I would be very happy to exchange bitcoin very easy at all. Can be very helpful for urgent needs. very lucky to be in a city that supports bitcoin.semoga can penetrate into town other cities and certainly up to my city.

[marckenigsberg]

Wow, it seems like some places are really increasing the amount of ATM's.
Do you guys know if fees are set by manufacturer or person that owns the ATM?
Is there a slit anywhere of all the ATM's?

[IamAltcoinfan]

Great i dont know which country you belongs to but its really great move in my country i dint even see a single place where i can pay using bitcoin leave about the concept of withdrawing money from atm .Hope atleast one ATM machine i will see in my country in next few years.

[gesdan]

where do you live? in my city there are no atm bitcoin, as i know there are only one region if my country that have bitcoin atm machines, i know that they will put it on that region because that place is mostly visited by tourist from the other countries, maybe someday it will increasing until the other city in my country

[BitcoinPC]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I am so happy and its a great news for you , you're lucky, I wish our government start working on cryptocurrencies and build many ATM machines so the bitcoin users gaining some benefits from it. Also it can save our times and our personal info by providing the bank info name phone number etc to the buyer .

[Opquar]

wow ..... if only in my city there, I would be very happy to exchange bitcoin very easy at all. Can be very helpful for urgent needs. very lucky to be in a city that supports bitcoin.semoga can penetrate into town other cities and certainly up to my city.

Your typical bitcoin exchange is more convenient, and it charges less fees. You will in all likelihood only use the bitcoin ATM once to try it and then never touch one again.

[michellee]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

it is a good news for bitcoin user in your city because they can trying to use the ATM machines to deposit and withdraw the bitcoin and yes bitcoin spreading in your city is increase with fast. I am happy to hear and I hope there are more ATM machines in your city and other city that will be available for bitcoin user so bitcoin will be spreads in many places and more people will join into bitcoin world. I think in next year, bitcoin will be grow and accepting in many countries.

[grumpylittlepoodle]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I'm curious to what city do you live, though I think its no surprise considering bitcoin's popularity nowadays and it seems your country accepts bitcoins well.

[Kevin77]

In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I am so happy and its a great news for you , you're lucky, I wish our government start working on cryptocurrencies and build many ATM machines so the bitcoin users gaining some benefits from it. Also it can save our times and our personal info by providing the bank info name phone number etc to the buyer .

I am also very hopeful about my government will also start working on crypto currencies and will implement the bitcoin ATMs in my country which will be very beneficial for the people for example they will easily transact their money if needed anywhere and anytime without sharing their personal information with the buyer.

Hopefully bitcoin ATMs will spread out similar to bitcoin's fame so that will be enabling people to access bitcoin at conveniences for any common people.

[stompix]

What country are you talking about btw? I've just found an article that lists the average fee on Bitcoin ATM's and it's nowhere near the percentage that you mention.

I'm curious to what city do you live, though I think its no surprise considering bitcoin's popularity nowadays and it seems your country accepts bitcoins well.

His profile indicates that he might be in Romania. Maybe Tszunami98 can confirm?
Still 7% fee is high, really, don't want to sound like cheap but I would rather convert my BTC to Euros and transfer to my bank account.
Fees should go down though as BTC becomes more adopted and if ATM are to be found in more and more places...
well I hope so.  

No, he is not from Romania, he claims to be from Canada

Here in Canada, the price of the bitcoin is approx $3,100 Canadian dollars. However, the ATM gives you a rate of approx $4,100. I deposited $100 and got back $77 worth of BTC. Is this the normal rate?

But I kind a doubt this since his profile looks more like a farming account with that 50/50 activity/posts.
At least we pinpointed the country now people from Montreal or Toronto maybe Vancouver can tell us if there are indeed 92 ATMs there.
Either way the fees are outrageous:
https://coinatmradar.com/bitcoin_atm/1854/bitcoin-atm-general-bytes-vaughan-burrito-squad/
Fees: Buy 10.0% from BitcoinAverage

[jassanpary]

Bitcoin ATM 's are not in my country, still lot of time require to get the ATM facility, long way to go.