Why Bitcoin ATM is increasingly widespread?

[jamesbondbd007]

ATM will be increased base on it's popularity and demand. If it's demand increased worldwide then bitcoin ATM will be increased too.

[uramadahan]

It's great for the recognition but not seem usable at the moment. I wouldn't like to pay 10% fee to buy Bitcoin.

[hakertajniak]

I think it is because convenient. Using ATM, more peoples will be able to use bitcoin easily without doing much effort.
Using ATM will increase the popularity of it, because ATM machine will be mass adopted by peoples around it.
The most important thing is the security of the ATM so no one will lose their btc.

[Moiyah]

I have been very curious how to do transactions or how to use that bitcoin atm  machine. In our country, there are selected areas who probides this atm machine. Obviously, it ia growing because more people tend to know about bitcoin, it became more popular.

As to your overview, it is very informative and provides infos that answered most of my curiosity.

[learningcrypto5421]

That's open the platform for bitcoin holder to transect and payment for many thing and then people will feel better with bitcoin. As example if people can pay for his coffee with bitcoin then it's make them feel better with bitcoin.

[Airbuxf]

Thanks for an informative and thorough thread. I was thinking at one point to start a Bitcoin ATM business because of the increased popularity of them and the level of margin on every transaction.

[hacekd]

The bitcoin ATM widespread is good omen for the crypto family as this has also increased the awareness of bitcoin world wide and the demand of bitcoin will also increased and as the demand increases so will the price increase and  so the P2P  transaction which is the main reason of bitcoin from the beginning. There is a great need for the ATM to continue so that the deployment can reach everywhere just like normal fiat ATM. We are optimistic that bitcoin will over the time be legalized in some the countries that are bringing regulations and outright banning of bitcoin will have no other alternative than to accept bitcoin and other crypto currencies.

at the beginning I heard this news in Dubai, there seems to be bitcoin already legal and indeed the government there plans to adopt bitcoin, one of the real proofs of a bitcoin ATM, maybe this is the beginning of bitcoin will be increasingly popular...

[tuturutmunding]

I am no longer surprised because more people are using bitcoin and some countries have relieved bitcoin and even made bitcoin a legitimate payment tool. one of the more unique things is that a mosque in Britain has received zakat payments in the form of bitcoin, indicating that the popularity of bitcoin is so heavy

[cxmyifan16]

I think that btc is widespread not by chance, it is the only coin that has so many advantages and it will be used by companies and businesses soon in our country as well, to my mind, btc is the best coin

[Chom_]

good news for US lovers crypto especially bitcoin, I guess it happened because the number of people who are tired with third party where each of US do the transaction have to spend large enough, with the number of ATM bitcoin certainly more facilitate the transaction even internasianal, without the cost of a large

[steve_rogers321]

It’s a great news for me and I guess its also great for all other user also.The more increasing the more popularity bitcoin will gain. The demand will increase . we can get so many advantage by bitcoin ATM. There will be more development add in future for the user.

[Rangerman]

Spreading of Bitcoin's ATM world wide is a good Turns for newcommers and traders. It is rising Bitcoins demand as a result the price is soaring up.I am optimistic that, by the pace of time, Bitcoin will be legalized over the world and This bitcoins wont have any alternatives.

[MoneyGuardian]

Very first i don't know about Bitcoin ATM.Nice to see this post.I believe, This is a good points to increase the awarness of Bitcoin worldwide. As it increasing the awarness of Bitcoin, the demands of itcoin will increase, as a result the price will be increased. This is undoubtedly a good steps.

[northcoin2018]

Why Bitcoin ATM is becoming widespread?

Written BY DOBI

Overview

Either you are nobody of bitcoin or an enthusiastic of crypto currency investing, you must be familiar or at least of no strange to Bitcoin ATM or crypto currency ATM.
As is mentioned everywhere, like in this article “Beginner's Guideline: What's Bitcoin ATM and How to Use Bitcoin ATM?”, crypto currency ATM provide cash deposit and withdraw service as well as buying/selling crypto coin with cash by connecting to exchange or other crypto trading platform.
It’s no strange that you see Bitcoin everywhere in USA, like in coffee bar, shopping mall, railway station, etc. Because the cryptocurrency ATM industry is dramatically growing and cryptocurrency and bitcoin ATM is tend to wide adoption.
https://i.redd.it/qjpxcuk0bzj11.png
CoinatmRadar reported over 3500 bitcoin ATMs worldwide with surging increase from 2017. And there are more than 31 manufacturers and over 400 operators worldwide at the mid of August.
Obviously as crypto currency is on the trend, bitcoin might work as fiat money as we use today. Crypto ATM is becoming prosperous in diversity. The majorities of us are so excited about the Bitcoin ATM.
But do you know where the excitement comes? Absolutely because it has so much practical use to the industry and users.
For your better understanding of cyrptocurrency and bitcoin ATM, here I listed some of the advantages of Bitcoin ATMs.

Advantages
1. To bitcoin ATM Uses

• Convenient：Buy bitcoin or other coins anywhere easily

Bitcoin ATM works as an alternative of exchanges, provide very easy access for anyone to invest in crypto world. Instead of the troublesome process trading on exchange platforms, users just need to use insert cash and buying directly. No bothers to send driver license, or phone numbers for ID verification.
- No risk of personal information leakage thanks to decentralization
It’s decentralization. Buying bitcoins anywhere seems the most attractive functions, but its value actually consist in its decentralization with blockchain technology. As it all known that blockchain is anonymous which allows cash to bicoin converting with risk of no bank account or identity credential. Bitcoin ATM doesn’t collect personal information after all. Here is how transaction goes on bitcoin ATM: Cash,ATM, Phone wallet（cold wallet），Trade done

• Bring blockchain to real life

Most of the majority of us really don’t understand the “encryption algorithm technology keeps our asset safe and the “mining” and “Peer-to-peer” network brings the bitcoin address out in the blockchain world. Nor do we know about the complex k line in digital exchange platform which needs some financial knowledge. This drags the wide application of blockchain technology like what internet does. But bitcoin ATM does help by bringing them into real life. Bring the blockchain or complex digital exchange to daily use. No exchange, no the so cold

​2. To Bitcoin ATM business startup

• - Growing Popularity

Growing Popularity means demands which in return boost Bitcoin ATM trading.
The crypto market is expanding. Every day, new investors are learning about the advantages of blockchain technology. This demand is creating a unique opportunity for savvy entrepreneurs looking to position themselves in the market before mainstream adoption. Bitcoin ATMs bring a new level of convenience to the crypto market, by allowing any individual to purchase crypto directly. This is also an increase of cryptocurrency awareness which therefore will boost the whole industry.

• - Low-cost to enter crypto startup world

Some crypto-ATM watcher hesitate to start the business due to the high cost like in software, hardware and maintenance fee, etc. But this is the most cost-effective project in the blockchain world, compared with crypto mining, digital exchange. No much high electricity to mine BTC. Currently, an average cost of one single bitcoin is $4758. No need to hire a lot of staff, no additional hardware, etc. Check out this article if you have no idea what the cost to start up bitcoin ATM business. ( ********)
As it is already known that bitcoin ATM cost mainly comes from hardware, software, connection to hot wallet. Let’s have a look at how bitcoin ATM saves your startup cost:
Bitcoin is purchased from exchange and transformed to Bitcoin ATM. Most bitcoin ATM preprogramed with exchange and you don’t need to stock a hot wallet. This is where the startup cost save. Because most bitcoin ATM manufacturer also have business in digital exchange, wallet, etc.
Another one is that compared with other sectors in blockchain world, the Bitcoin ATM business is the most low-cost and most suitable for you to get started in crypto currency. To start an exchange, you need ****; as for mining pool, the electricity is horribly high. It’s reported on news that to mine. One BTC cost $1900 electricity. This is a huge amount which is not the norm of us can afford.

• - Direct Access to ICOs

In the crypto sphere, there is many ICO demand from token projects. Bitcoin ATM provide access to purchase BTC, ETH and LTC, etc. Besides directly connecting to exchange, token companies would love to list their coins in bitcoin ATM for the sake of ICO as well as branding. Eventually, the access to ICO finally add more business and trading on your bitcoin ATM so as to earn more liquidity and profit.

​Summary
You must have founded that there’s little mention on its disadvantage. I personally don’t see any. If there has to be, then it’s the fees that everybody complaints about. But I believe people would willing to buy convenience even with 10% fees. Just like the tradition ATMs do. It’s a time problem.
From the user’s side, bitcoin ATM is convenience and easy to get in real life; From the Bitcoin ATM business startup, it’s low-cost and its indirect ICO access provide the ease to entering crypto world.
Overall, crypto currency ATM helps solve the problem of; and the adoption of cryptocurrency and blockchain by bringing it to real life. Everybody can use crytocurrency and everyone knows and habited to use it just like the internet. This is the real essence of crypto currency.
Only the concept solve problem and be widely used that lasts. And only you can decide if a Bitcoin ATM is the right or not.
​
DOBI ATM is an excellent software developer and hardware manufacturer.
Twitter: https://twitter.com/AtmDobi
Website: http://www.dobiatm.com/dobiatm.html

Related Articles:
Beginner's Guideline: What's Bitcoin ATM and How to Use Bitcoin ATM? https://www.reddit.com/user/DOBI-ATM/comments/98qeku/beginners_guideline_whats_bitcoin_atm_and_how_to/
DOBI ATM-the world best bitcoin ATM Manufacturer https://www.reddit.com/user/DOBI-ATM/comments/97ozyn/whos_dobi_atm/

This is not to be supposed a surprise for many, this just means that bitcoin is rising and will continue to rise.  This is an improvement and a genuine proof that bitcoin is the next big thing. so for those who thinks small about bitcoin you guys must think again.

[coinpedia240]

That's Mean already there are too many Bitcoin ATM is existing worldwide. Nice to know this news. This Bitcoin ATMs are not like current currencies ATM. There are far diffrences between them.And This is a good steps widening world wide.

[Woyinwarrior]

This is a good news for the  bitcoin family.. This is the nature of demand and supply in the sense that as the demand for bitcoin increases so also will the price increase and we should be happy about that because sooner rather than later, Bitcoins woukd be widely accepted and made legal worldwide due to the rapid increase in awareness as regards to the growth of Bitcoins

[Allenw]

Yes, exactly if the Bitcoin Atm will start to increase rapidly, it will really help the Bitcoin to become popular worldwide. After that everyone will start to make use of Bitcoin.

[goldencrypto7100]

The increased amount of bitcoin ATM refers the popularity of bitcoin around the globe. The more it gets popular the more ATM will be established around the world.

[kalstarzz]

I am grateful that in my country there is a bitcoin ATM, and I have felt the ease and goodness of bitcoin, I hope this will be better in the future.

[bitfocus741]

As the bitcoin miners grows in number, the need of extra ATM is also felt. This is why the ATM is growing worldwide.