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Author Topic: ATM machine for bitcoin reached kenya  (Read 651 times)
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June 24, 2018, 07:08:09 AM
 #21

Well done to Kenya, anyone here tried that machine? I'll admit I was sceptical about these ATMs. Chiefly because of the high fees, and the fact you've to go out in public to buy them. Still not sure I like the idea of buying Bitcoin out in the open (never tried it myself). Also not sure where the appeal is coming from when it seems far easier/safer/cheaper to buy p2p.

But with the numbers of them growing all over the world, and in some of the weirdest places, I suppose they're making money after all. The two that opened in my country in 2014 eventually closed down and were never replaced. Maybe the world is finally ready for them.


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June 24, 2018, 07:09:01 AM
 #22

I know this news I read it a few days ago in an article. hopefully this will be a good start for bitcoin and hopefully other countries can legalize bitcoin and ATM machine bitcoin will be everywhere

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June 24, 2018, 07:09:25 AM
 #23

this news is really great for kenya  people who love crypto they got new ATM machine in - Nairobi at Westlands area Approx 3 km from central business district. , Now they can buy Bitcoin and Litecoins instantly in cash. As per news sources , keniya people they can buy worth 5$ bitcoin with cash.

to buy bitcoin they need to create  a new account first with this company. I hope this machine come to my place.
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June 24, 2018, 07:36:47 AM
 #24

This is great. Maybe it will enlighten other countries. Changing people's vision of Bitcoin.

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June 24, 2018, 10:38:31 AM
 #25

Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.

That is good news.  Bitcoin is now accessible in kenya and this only shows another adoption of Bitcoin in a country. I am looking forward to the mass adoption in each in every country.
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June 24, 2018, 10:43:36 AM
 #26

Well done to Kenya, anyone here tried that machine? I'll admit I was sceptical about these ATMs. Chiefly because of the high fees, and the fact you've to go out in public to buy them. Still not sure I like the idea of buying Bitcoin out in the open (never tried it myself). Also not sure where the appeal is coming from when it seems far easier/safer/cheaper to buy p2p.

But with the numbers of them growing all over the world, and in some of the weirdest places, I suppose they're making money after all. The two that opened in my country in 2014 eventually closed down and were never replaced. Maybe the world is finally ready for them.


Wow that was a great milestone and I felt proud for Kenya. It was a well done job and I'm hoping that it could be the start of new dynasty for bitcoin. It's just a proof of how strong bitcoin is and its capability to handle this kind of system. I'm looking forward for more of this kind of progress for bitcoin cause it offers a lot of opportunities.

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June 26, 2018, 04:34:59 AM
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I think it is a good source of information with bitcoin, it will grow stronger as you invest, you grow profitable for you.
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June 26, 2018, 04:51:02 AM
 #28

Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.
It's really good to know that bitcoin system are continuously spreading all over the world and there will be much advance developments happened. I've already read some articles that says some countries are officially having ATM machine for buying Bitcoin which is very nice improvement and enhancement for bitcoin and maybe for the next few days there will be other countries that doing next to it.

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June 26, 2018, 04:53:22 AM
 #29

Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.
This is another move for progress if bitcoin ATM will be spread the whole africa and next is the whole world,in asia there are many atm machine has been deployed in some countries and i believe this is only the start

The benefits of this action is to reached the investors so that they can buy bitcoin instantly whenever they are in ATMs and in time will give us opportunity to buy without using any sites


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June 26, 2018, 04:54:32 AM
 #30

According to BitClub, the bitcoin ATM connects to various exchanges and picks the best exchange rate at the time of purchase. The exchange rate however seems to be much higher than the market rate, making it a bit more expensive.
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June 26, 2018, 04:57:04 AM
 #31

Such formations should now take place in more countries. I can not believe that countries do not develop blockchain technology for people's benefit. Maybe they are away because of security issues, but they will have to go through a day.

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June 26, 2018, 05:13:57 AM
 #32

It's a good news, Digital currencies become more popular in East Africa, hope it's not the only one.
According to the article I read stated that there are 15-20 people a day who used that ATM, particularly among younger people. It means Kenya had some of the largest Bitcoin holdings. The country has a good prospect.
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June 26, 2018, 05:15:50 AM
 #33

I can see this is a great news for most bitcoin holder but it's for Kenya because they become one step better in their economic fundamental.

If Kenya really adopt bitcoin, I think inflation will be upon them that will lead everything gone expensive or I can be wrong !

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June 26, 2018, 05:21:52 AM
 #34

Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.
It's great news and it's really brings additional points to bitcoin reputation because we all known that in the past few weeks there are lot of negative news spreading about it and probably it affects to the increasing number of it's adaptation process. However, for now it's really a good news that despite of many negative news spreading there are still people and country's that really trust, supporting and patronizing it in a way of making ATM machines for bitcoin.

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June 26, 2018, 05:23:49 AM
 #35

Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.

That is good news.  Bitcoin is now accessible in kenya and this only shows another adoption of Bitcoin in a country. I am looking forward to the mass adoption in each in every country.

The opening of a bitcoin atm machine in Kenya is another proof that bitcoin can and will last a lifetime. This is another achievement for  cryptocurrency world, although there is a disadvantage for this because btc or crypto owners will go in public  to go to this  machine. But yes, this is certainly a good step d hopefully other countries will follow in the future.
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June 26, 2018, 05:37:52 AM
 #36

Oh Kenya, other African too should just adapt this blockchain technology into their system as i know they are other African countries developed more than Kenya like North Africa

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June 26, 2018, 05:45:36 AM
 #37

According to BitClub, the bitcoin ATM connects to various exchanges and picks the best exchange rate at the time of purchase. The exchange rate however seems to be much higher than the market rate, making it a bit more expensive.

This is one of the reasons why I do not use Bitcoin ATMs, because the fees are outrageous. The idea behind this technology is to offer a cheaper alternative to the current financial solutions, but the introduction of these Bitcoin ATMs, just add a lot of extra cost to your transactions and cancel out any advantage that Bitcoin might have had over other financial instruments.

Agreed, it is a good onramp for adoption, but the main focus of this exercise in these countries should be to offer a cheaper alternative to Banks/Cash/MoneyGram/Western Union and M-Pesa.  Roll Eyes

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June 26, 2018, 06:33:28 AM
 #38

That's very much expected for bitcoin users in my country in the presence of ATM machines for bitcoin.
so if there is, we can directly use the ATM to shop something goods for our needs, without having to exchange first and then get the original currency.
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June 26, 2018, 06:53:56 AM
 #39

ATM being launch in Kenya is a sign of major breakthrough of cryptocurrency in that country. The question most people ask if I tell them about bitcoin is how can I cash out in out country's traditional fiat currency. I believe if my country have atleast one ATM it will reduce my strength while explaining how to cash out bitcoin.

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June 26, 2018, 05:18:13 PM
 #40

Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.

So because bitcoin ATM is being reported to have been launched in Kenya means that bitcoin is just reaching Africa. Internet has made the world global for those who are ready to make use of it and to have access and use bitcoin, you only need basic understanding of the internet and an average user of a smart phone is already endowed with such basic knowledge and that is very common in Africa. The launch of ATM have more of financial environment and its surrounding laws that the popularity of bitcoin.

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