Bitcoin ATM locations on a rapid increase... wow

[JimmyButlerCollector]

October 6, 2017 had 92 ATM machines in my city.... today, November 8th, 2017, we have 109.
20% increase in the past month, in June there was around 64 BTC ATM machines. Crazy.

[JimmyButlerCollector]

Maybe I'm the only one that cares about this? lol
How many will there be next year..... that is the point of this thread.

[dhka]

I dont know, not a single on in my country LOL
Do we have to enter our pv key to the ATM? Sounds quite risky to me

[JimmyButlerCollector]

I dont know, not a single on in my country LOL
Do we have to enter our pv key to the ATM? Sounds quite risky to me

You enter your QR code to receive... insert cash and click send

[tamawaelah]

there is some ATM on my country, but far away from my city haha
if i count it, less than 20 machine

[shamzblueworld]

October 6, 2017 had 92 ATM machines in my city.... today, November 8th, 2017, we have 109.
20% increase in the past month, in June there was around 64 BTC ATM machines. Crazy.

Which city are you referring to? And how do you know the exact number? Is there a listing where we can check all the bitcoin ATMs in a certain area?
And getting back to your topic: Yes, its a good business. ATM machines charge heavy fees, and if there is area where people use it regularly, it can be a good business to invest in.
The machines aren't that expensive either, but I think one would have to tackle the local laws and taxes etc.

[FoxTheHuman]

October 6, 2017 had 92 ATM machines in my city.... today, November 8th, 2017, we have 109.
20% increase in the past month, in June there was around 64 BTC ATM machines. Crazy.

Can I ask which country you live in? In my country bitcoin has been banned and deliberately use it i can face the law, this is really bad

[freedomno1]

Must be near Los Angeles since they have around 136 operational units over there
https://coinatmradar.com/operator/19/bitnational-bitcoin-atm-operator/

[Kakmakr]

I dont know, not a single on in my country LOL
Do we have to enter our pv key to the ATM? Sounds quite risky to me

You enter your QR code to receive... insert cash and click send

Just to clarify, you scan the QR code for your Public address, NOT your Private key. < never your private key > You only need to do this, so that the ATM knows where to send the bitcoins you bought. OP, you are very fortunate, some cities do not even have a single ATM.

These ATM distributors concentrate on areas with high volume users of Bitcoin and ignore the smaller markets where adoption is key to the growth of Bitcoin.

[HabBear]

That news just identifies wasted investment. Real news would be growth in how many people actually use Bitcoin ATMs.

Bitcoin ATMs are AWFUL. They're not eve a good billboard or advertisement, because they're often in random locations that don't get much foot traffic. When the premiums on buying or selling bitcoin come down to meet the market we'll see the bitcoin ATMs become a useful contribution to the bitcoin ecosystem.

[freedomno1]

They have their uses a lot of users are not at the level of proficiency to spend the time and effort to get registered on an official exchange
It's like a vending machine a bit more expensive than if you went to the grocery store but it's there so you can get your cash.
(Although foot traffic wise depends on the operator, and where they decide to put the things)

[ropyu1978]

October 6, 2017 had 92 ATM machines in my city.... today, November 8th, 2017, we have 109.
20% increase in the past month, in June there was around 64 BTC ATM machines. Crazy.

in my city there is nothing about bitcoin atm. yes I guess you'll feel good, because that's not much happening in many countries. maybe time will answer everything.

[eann014]

Maybe I'm the only one that cares about this? lol
How many will there be next year..... that is the point of this thread.

There is no Bitcoin ATM machine here in our country and I don't know when can we have here just like in your country. We just have here ATM machines that when you want to encash it, it's automatically converted into fiat.

[JimmyButlerCollector]

Many people don't know how to buy bitcoin... ATM's make it extremely simple for the average Joe.

[SUDARMONO]

it is very good development of ATM bitcoin machine in your city, hopefully every year ATM machine in your city growing and progressing, and the number of bitcoin also can progressively increase, and hopefully also place my city live as soon as possible following ATM machine like your city.

[teejayrichard2]

That's great,shows bitcoin usage is one the increase. Well my country doesn't have a single one for now. We hope to get someday soon

[shimbark123]

Of course it is directly proportional on bitcoins growth. When bitcoin is growing, so as the material for the bitcoins growth will also act. That is a great thing for bitcoin, being known in the whole world is a lot.

[ZTRAdrian]

I'm sure in a couple of years, when bitcoin goes mainstream, we'll be seeing them everywhere. Once crypto debit/credit cards become available, its gonna take off.

[NorrisK]

I never understood why people would want to use these ATMs. Going back to old fiat based systems feels odd.

Let alone the risk you take showing everybody in the surroundings that you own bitcoin.

[Suckhoelaodong]

haha actually there is a ATM machine in my country, but it serves to withdraw from BTC to money.