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Author Topic: 3000 Bitcoins ATM worldwide !!!!  (Read 2011 times)
Fawez (OP)
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May 30, 2018, 09:21:39 AM
 #1

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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lizardbtc
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May 30, 2018, 09:40:46 AM
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Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.


Honestly I can't understand people who are using ATMs to buy bitcoin or any other altcoin - crypto in general. Most of the time rates are way higher than if you go and register on some exchange and trade directly. Secondly, there is no support on the spot and some ATMs even ask you to provide them with your IDs and they will take the picture even if you are buying only one time and guess what this doesn't sound like the best deal for me. You give them your ID and you overpay for the price for what? If you are going to do KYC better is to follow up and go with trustworthy exchange in my opinion.
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May 30, 2018, 09:44:44 AM
 #3

Number of BTC ATMs is unquestionably increases every day, but when you look at map of available ATMs approximately 2500 of the total 3100 is located in North America, 1972 in USA and 535 in Canada. I think that this fact speaks for itself, we are far away to see much better coverage in other part of the world. For instance one small European country Austria have 178 locations, and so-called most friendly county Japan only 11 locations.

Bitcoin ATMs by Country

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Fawez (OP)
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May 30, 2018, 10:11:14 AM
 #4

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.


Honestly I can't understand people who are using ATMs to buy bitcoin or any other altcoin - crypto in general. Most of the time rates are way higher than if you go and register on some exchange and trade directly. Secondly, there is no support on the spot and some ATMs even ask you to provide them with your IDs and they will take the picture even if you are buying only one time and guess what this doesn't sound like the best deal for me. You give them your ID and you overpay for the price for what? If you are going to do KYC better is to follow up and go with trustworthy exchange in my opinion.

Not all of them are allowing to buy and sell crypto-currencies ( 35%) However only half of the distributors offer anything other than Bitcoin, the Litecoin being the most popular crypto-currency.
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May 30, 2018, 10:16:25 AM
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Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.


Honestly I can't understand people who are using ATMs to buy bitcoin or any other altcoin - crypto in general. Most of the time rates are way higher than if you go and register on some exchange and trade directly. Secondly, there is no support on the spot and some ATMs even ask you to provide them with your IDs and they will take the picture even if you are buying only one time and guess what this doesn't sound like the best deal for me. You give them your ID and you overpay for the price for what? If you are going to do KYC better is to follow up and go with trustworthy exchange in my opinion.

Not all of them are allowing to buy and sell crypto-currencies ( 35%) However only half of the distributors offer anything other than Bitcoin, the Litecoin being the most popular crypto-currency.

Really, Litecoin is the most popular, that's really surprising to me. Can you share where you found those numbers?
I assume you mean that it's the most popular after Bitcoin, right?

I wish there were more ATM's in my country. We have 6 in total, spread out over 4 cities.

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May 30, 2018, 10:21:58 AM
 #6

3000 ATMs is not a lot to compare to billion of people in this world, but it's still amazing how fast it's been growing.
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May 30, 2018, 10:28:23 AM
 #7

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

yes this is proof that bitcoin is highly developed and accepted by the people in the world, this is the moment where something is needed by the people of today ..long live bitcoin and cryptocurrency !!!
19nataliya12
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May 30, 2018, 10:35:26 AM
 #8

This month, the total number of bitcoins-ATMs around the world exceeded the 3,000 mark and currently stands at 3128. Currently, an average of 6.72 ATMs is installed daily. This is evidenced by the data of CoinATMradar. The new frontier was overcome only 15 months after the mark of 1000 cars was passed in early 2017.
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May 30, 2018, 10:35:30 AM
 #9

At this level of adoption, personally I really doubt that ATM volume either way has any real effect on the market at all. If you look at how big the market cap and total volume is now, and then start to think about the potential numbers that the whole network of ATMs can realistically put out, I don't think it's much. ATMs are nice options for people, but for the most part it's probably going to be 'small time' investors and such(no offense meant to anyone).

In my opinion the really exciting stuff is hearing more about the institutional interest and support that's building. If BTC is ever going to break into the trillion dollar market cap zone, it's going to be from it's integration into the global financial system from big players.
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May 30, 2018, 10:36:52 AM
 #10

Is it a true news? If it is true then people will more interest in bitcoin. But as many members are telling that bitcoin investors are decreasing now, then how can bitcoin has 3K ATM! I am confused  Huh

Clark05
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May 30, 2018, 10:37:18 AM
 #11

If they have 3000 bitcoins atm worldwide it is good because the user and investor of the bitcoin can easily buy and sell bitcoin. But the price of the bitcoin ATM is very big difference compared to the price in website so it's not worth it to use bitcoin AtM .
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May 30, 2018, 11:28:28 AM
 #12

Is it a true news? If it is true then people will more interest in bitcoin. But as many members are telling that bitcoin investors are decreasing now, then how can bitcoin has 3K ATM! I am confused  Huh

What is to be so confused?
Most of those were ordered a long time ago, you don't wake up in the morning and say: "I'll put a BTC ATM  in my store today".Most of those companies that run the machines have started a long time ago and their plans were probably matching the last bull run, not the fall to 6k.
2000 of them were already in place by December 2017.

Besides, ATMs are not targeting large investors, they are just made to trick newbies into buying BTC with huge 7-10% or in some cases even 14% fees.

Number of BTC ATMs is unquestionably increases every day, but when you look at map of available ATMs approximately 2500 of the total 3100 is located in North America, 1972 in USA and 535 in Canada. I think that this fact speaks for itself, we are far away to see much better coverage in other part of the world. For instance one small European country Austria have 178 locations, and so-called most friendly county Japan only 11 locations.

Yeah, it kind of destroys the myth of China being the largest country by BTC usage, isn't it?
You can fake trade volume but you can't fake stores accepting BTC or ATMs in service.





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cryptocanley
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May 30, 2018, 11:54:55 AM
 #13

It's a matter of surprise now 3000 ATM is world wide and increasing day by day. Situation considers the future world will be accept the bit coin currency.
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May 30, 2018, 12:01:27 PM
 #14

It's a matter of surprise now 3000 ATM is world wide and increasing day by day. Situation considers the future world will be accept the bit coin currency.

In my country also available ATM but I never buy any coins from it just because of its high fee. Unless they reduce the fee not many people will buy bitcoins from these ATM's. Only people who don't know how to buy coins from exchanges or want coins urgently then they may buy in a small amount otherwise no investors want to pay a high fee for the bitcoins.
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May 30, 2018, 12:02:51 PM
 #15

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.


That is really great. It will help to the legality of any countries. Bitcoin ATM in increasing, just amazing.
People getting more trust on Bitcoin. They thought bitcoin just an imagination, but now they are interested in bitcoin.
I saw Bitcoin ATM around 2000 location in the USA. And another country has few. It will increase very soon I hope.

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May 30, 2018, 12:09:15 PM
 #16

This is undoubtedly good news. People are free to use bitcoin.
For now, however, bitcoin's throughput is still not sufficient to accommodate the current transactions of people around the world.

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May 30, 2018, 12:14:12 PM
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In my country indonesia ever had ATM bitcoin, but yesterday I tried to come to the location of his machine ATM machine was not working anymore, I'm actually quite concerned, teknlogi already advanced why should be neglected again.
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May 30, 2018, 12:26:38 PM
 #18

Number of BTC ATMs is unquestionably increases every day, but when you look at map of available ATMs approximately 2500 of the total 3100 is located in North America, 1972 in USA and 535 in Canada. I think that this fact speaks for itself, we are far away to see much better coverage in other part of the world. For instance one small European country Austria have 178 locations, and so-called most friendly county Japan only 11 locations.

Bitcoin ATMs by Country
Thats the sad reality,though in Asia specifically philippine has two Bitcoin ATM that located in Baguio city and Makati city.but this is not enough places if our target is to spread this crypto community to the world.

I hope that this continuously increasing of machinery will spand into other countries not just in fewer location,and i think they must be in strategic locations
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May 30, 2018, 12:28:50 PM
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glade to hear this news, i think with the development of btc, people will use btc as easy as fiats.
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May 30, 2018, 12:30:39 PM
Last edit: May 30, 2018, 12:52:58 PM by dumiya
 #20

Number of BTC ATMs is unquestionably increases every day, but when you look at map of available ATMs approximately 2500 of the total 3100 is located in North America, 1972 in USA and 535 in Canada. I think that this fact speaks for itself, we are far away to see much better coverage in other part of the world. For instance one small European country Austria have 178 locations, and so-called most friendly county Japan only 11 locations.

Bitcoin ATMs by Country

There are 190+ countries in the world and just 70 countries have at least bitcoin ATM at the moment. When it comes to Asian and African continents there are very low amount of bitcoin ATMs. That means there are lot more steps to go in order to bitcoin to  be more popular among the people.

However, it is good see that bitcoin ATMs already gained popularity in USA, Canada and Europe within 9 years of bitcoin's birth.
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