Bitcoin ATM's

[oginiimaoyani]

I have not use it but I know that there are several bitcoin ATM's in some countries but hope to use it when it is within my reach because it is and plus to bitcoin.

[triciaa478]

I used an ATM in Manchester when I visited last June and I was awe. The only downside was the fees for transactions. The fees in addition to the price quote was quite higher above the market rate.

[TheLoser]

I have never used ATMs for bitcoins, but I think it is very convenient if transactions pass quickly. I think that in the future such ATMs will be in all countries.

[VanityWallets2015]

Anyone here use a Bitcoin ATM anywhere? What was your experience like with them?

I saw these two articles that talk about the popularity of these ATM's and how much they're growing every day.

https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country

and

https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/

My other question is if people are worried about the security of these things.

As we all know that bitcoin has made tremendous progress in this passed decade and we guys are seeing progress only but bitcoin has also gone through many obstacles and ups downs in its path but has overcome all and now the most successful crypto currency of all and being on the top of crypto ranking , bitcoin is now ruling over all and the most happy thing is that the progress of bitcoin is still continuing as many countries has legalised its transactions and moreover open countries has even opened bitcoin ATMs also .

[towi078]

It seems like there are so many bitcoin ATM machines out there. I have never used it, because in my country, the population of bitcoin ATM machines is still very little 

[kamBlanV]

I never used a bitcoin ATM, because my country prohibits bitcoin.

but, I see that public enthusiasm for bitcoin is huge, even in my country, 70% of people adopt bitcoin for their lives.

so, when we see the public demand for bitcoin is greater, the bitcoin ATM will be in every place and spread in every country.

[peter0425]

There's only 1 bitcoin ATM in my country so I haven't got the chance to try and experience it. However, base on reports, doing a bitcoin ATM is so expensive so I wouldn't be surprise if only few people have tried it. The only thing worth trying them out is just to get the experience and for security reasons (hard to do face-to-face transactions, you don't know who you gonna met, so there's a big risk.)

[xfaqs01]

I used an ATM in Manchester when I visited last June and I was awe. The only downside was the fees for transactions. The fees in addition to the price quote was quite higher above the market rate.

true, its because thats how they earn money in exxhange for peoples convinience in accessing exchange to cash right away, i think their rates of exchange in way higher than the market, like thier buying price is a lot cheaper and thier selling price of you bought it right in the atm is bit higher, but its convinient though.

[xuan87]

Bitcoin ATM is not too popular because of the high fees, and because of the unclear legality there is no investors dare to put the ATM machine in my country, I ever saw one when I go abroad and it's very useful but the fee is way too expensive

[kucritt]

i never use the bitcoin ATM because in my country, they dont have it, but i think it will more fun when we can buy bitcoin or sell bitcoin directly from the ATM, but 1 heard about many people that the fees is high, i think it is a big problem when we want to witdraw and deposit our bitcoin but the fees is high

[mensahkkofie]

Bitcoin would certainly go far with the bitcoin ATMs, I cant wait to use one, when it finally arrives in my country. I believe the future certainly looks right with bitcoin in place. I believe most crypto enthusiasts are looking foward to see the use of  bitcoin ATMs in  all parts of the world as this would certainly increase the use of bitcoin among alot of people.

[Rory Kylo]

In my country there are those bitcoin  ATM's , but only in big cities, because I live in the countryside so I have not had a chance to try, I also want to use it once.

[SoiledDove]

I've yet to use a Bitcoin ATM. But I look forward to the experience. I'm sure it will happen sooner or later.

[SandraStark]

Back in 2017, even in Ukraine, Bitcoin ATMs were installed)) I think many people have heard about the situation in the country ... But, however, at least in some direction, we are moving ... I personally did not use such a terminal. I prefer using a PC and various resources) Although there is a desire to purchase some coins for which bitcoin is needed. And I have to buy it for the local currency. So maybe for the first time I will test this ATM)) I wonder what the commission is in it.

[gamechangers]

I have never physically seen a bitcoin ATM before. I think I have only seen it in pictures. I can see a few people sharing their great experience using it here. It will be a great thing if it can be available in a good number of places. It will definitely draw traffic to bitcoin.

[Hui8]

The problem using Bitcoin ATM's in my opinion:

1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...

Aside from that, they're really handy and the companies behind them (in my case Bitaccess) are very helpful and have a fast support. I had a transaction where things went wrong, I contacted them and they refunded me.

Interesting. Well when our country was blessed with the first ever ATM of BTC then suddenly week after that the owner of the ATM got arrested by police and all his assets including the tailor machine got ceased. Lolz. Thats the kind of country I live in and looks like things are not going to change ever. So unfortunately I was very close to using the machine but thank I did not used it as I would have been convict for the same. Lolz.

1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...

Looking at this scenario it seems to be time consuming and complicated process. It would be better to go for online wallet using.

[qiman]

I was in Canada when the first Bitcoin ATM was installed in Vancouver and we used it once, I think Bitcoin was sitting at around 1k USD at the time before it fell to 250 USD. Unfortunately in India, ATM machines are not welcomed and the first ATM machine today was taken down by police. I think India is really impeding blockchain and Crypto as much as it can because I think they are afraid of cyber crimes using Bitcoin and tax evasion/ money laundering I guess because so many online scams come out and they do not want to see the same with Bitcoin happening.

[Bugatti73]

In Ukraine, Odessa city, last year, there was an ATM with cryptocurrencyes and fiat. Don't know about this year.

[josephdd1]

ATMs are for sure becoming more popular than they used to be. Though, just because they're are more around doesn't mean we mustn't be careful when using them.

[Teh Kotak]

Like ATMs that we often encounter in various places, Bitcoin ATM machines allow users to buy their own digital currency directly in place, both for banknotes and online wallets. And we can make 2-way transactions on a Bitcoin ATM Machine, which means you can also sell private Bitcoin while getting cash on the spot. In my country there are 3 Bitcoin ATMs scattered in various places, the existence of Bitcoin ATMs is useful for bitcoin holders and tourists holidaying in my country, and many foreign tourists use Bitcoin ATMs.