Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report

[darklus123]

I definitely like bitcoin ATMs because of the anonymity factor(unless the ATM has a camera in it, or requires an ID). If only the price cuts weren't gigantic though. The maximum price cut I'm personally willing to pay would probably be at 5%.

"Currently,  bitcoin ATMs charge an average transaction fee of 8.93 percent"
Source: https://www.cbsnews.com/news/wait-i-can-get-bitcoin-at-that-atm/

I don't know about that, but where I'm from, Bitcoin ATMs are said to be around 15%. That's too much.

That is the thing we should have to consider and I am pretty sure that the planned atm will be using the KYC policy. Tho I am not sure if how will they sustain the Bitcoin stacks for all the bitcoin atm chain.

15% charge is just hilarious considering the other charges for the transaction between your wallet and the machine.

[betty12]

The forecast is well predicted, but I think it will be more than that as we get a massive mass adoption. Should the countries currently critical of bitcoin give a soft spot for it, then the numbers of bitcoin ATM will spike sporadically.

[Cybora9]

it is positive for the development and adoption of bitcoin. it will be doing something good in future. it will play an important role and its also indicate that bitcoin grow up.

[Nayborksta]

I had the possibility to use one of those ATM's and besides them being quite expensive when talking about transaction fee they are a great solution for many to quiclky withdraw cash whenever you need it.

[rsrb]

Bitcoin's popularity is going higher day by day and thus Bitcoin will reign throughout the world. Bitcoin is using this ATM machine for business development and security. Which makes it much easier than the past.

[Xenrise]

What do you mean by buy and sell ATM's? It is not easy to own one though. And it will undergo a lot of procedure for you to have that ATM. It is not easy for you to do that. Goodluck to that lol.

[Kprawn]

Everyone is looking at the upside of this, but what will happen if normal ATM's adapt their software to allow people to buy/sell

bitcoins from their ATMs? This will render Bitcoin ATM's obsolete and pseudo anonymity would be totally destroyed. A clever

ATM manufacturer will adapt their ATM software to serve both Fiat and Bitcoin on the same ATM.    Just thinking out loud.

[tradcoin]

it is very good news. it's focus that bitcoin are grow up. i think  bitcoin fluctuate change that might be changed a lot of dollars in that year so here is no doubt if the ATM worth that much.

[earnetheasy]

Bitcoin ATM now providing additional security to the traders and makes their transition and other issues easier. In a very short time it is hoping to expand in the whole world.

[bitcoinhunter888]

i think bitcoin fluctuate change that might be changed a lot of dollars in that year. so here is no doubt if the ATM worth that much. it is positive for the development and adoption of bitcoin.

[BarnabyETH]

This change might be because of the fluctuations of the price of BTC that has caused such a change in the dollar's value. But all in all, it's good to see the ATM are being installed.

[SlashEject]

This might be a surprising thing because we know how popular BTC is globally and for to have this much amount of ATM worth is normal to witness.

[coinwizard_]

These atm machines can charge whatever they like because they know the users will pay it. That is the price for an anonymous transaction and is easier than paying for something in monero which needs to be converted into bitcoin anyway.

[TOYOB BISWAS]

This is not something of a shock to be honest. Since BTC is becoming more and more popular, it seems obvious that it will reach such an amount in no time.

[jseverson]

Do people actually use these? Most people from the community say they don't except maybe to test them or something. So who does? Lol I mean, they have to be profitable to continue operating. So the high markup basically offsets the low volume?

But yeah, I can't complain. If nothing else, they're good publicity. Definitely useful if you want to start out without going through exchanges' KYC/AML processes that could take weeks.

[heassy]

Seeing the popularity of BTC, this sort of amount seems evident. In fact it is a good thing that we are seeing that ATMs are being installed and that it is getting popularity.

[Lisedc]

Though I haven't used one yet but I have heard of Bitcoin ATMs and how they are able to provide the true sense of decentralization for a higher fee. However, if the forecast is related with adoption of cryptos then I think along with adoption people will move on to better and cheaper transaction systems, compared to that ATMs are too expensive.

[MarchionessBold]

Though the news focuses on the positive side of the crypto adoption in the future but they are ignoring the fact that people are still not sure about that these ATMs can truly keep them anonymous. So, gaining trust of the users is a prerequisite before BTC ATMs aim to grow larger in future.

[bellamente]

The number of ATMs is growing, which means that the demand for crypto-currencies will also grow.

People invest millions of dollars so that the crypto community can easily buy or sell bitcoin.

[MainIbem]

It is quite a surprise that when people here are concerned about the market dip, there is growing adoption of cryptocurrency on a daily basis. It will therefore not be surprised too that ATM market hits that volume in 2013.