kyledavid
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September 14, 2018, 01:34:44 AM |
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well this is a great news if this really happens because if people sees bitcoin atm they will get curios about bitcoin and their curiosity might bring them to get education and knowledge about bitcoin it will also help to persuade people to buy bitcoin . Let us keep on spreading good news about bitcoin and how it really helps people in our daily lives
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patrikpat1
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November 17, 2018, 02:15:37 PM |
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because lot of investors are investing in bitcoin
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nuraziaaziz
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November 19, 2018, 05:44:22 AM |
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It was good to know that now there's an increasing numbers of Bitcoin ATM everywhere. With this, it will be convenient for Bitcoin users. This will also attract more people in using these digital currencies when they sees Bitcoin ATM anywhere which makes them curious in knowing what is Bitcoin and the benefits when using it.
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Royal Jelly
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ECOSTART
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November 19, 2018, 06:28:48 AM |
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Because of the many crypto users, it is only natural that bitcoin ATMs are increasing, this is to make it easier for users to use this digital currency.
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goldengold5
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November 19, 2018, 07:59:37 AM |
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Bitcoin and cryptocurrency are very famous all over the world, it is easy to understand that bitcoin ATM is incresing widely. i hope there will be more and more bitcoin ATM in the world.
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BTMBitcoinVN
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Largest BTM network in Vietnam
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October 12, 2019, 03:22:28 PM |
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Hi there  We operate under the umbrella of BitcoinVN (Vietnam's oldest Bitcoin Exchange service - operating since early 2014) a small network of Bitcoin ATM's in Vietnam. In 2016 we placed the very first Bitcoin ATM in Vietnam: https://news.bitcoin.com/bitcoin-atms-arriving-vietnam/If you have any questions about Bitcoin ATM's in Vietnam, feel free to DM us. More about us can also be found here: https://btm.bitcoinvn.io/We are currently also looking for location partners and investors (we will publish more details on the latter soon) to expand our network further. |
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Mike Mayor
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October 13, 2019, 04:33:01 AM |
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Isn't a bitcoin atm basically against the reason it exists? So we don't need to use fiat and now you spending all this money on bitcoin ATM and having to keep it stocked and working when all you really need to do is have merchants accept bitcoin as payment and all they need to do is use a QR code. I am not so certain that using a bitcoin ATM is easier than just getting merchants to accept bitcoin.
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Astvile
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October 13, 2019, 04:45:36 AM |
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Bitcoin ATM's are spreading because businessman saw that the bitcoin community and awareness is getting spread all over the world and day by day the number of bitcoin investors and enthusiast are growing, adoption is coming so they see that putting and spreading bitcoin ATM's around the world will be beneficial for them specially on places where bitcoin has the largest amount of transaction records per day.
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alexsandria
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★777Coin.com★ Fun BTC Casino!
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October 13, 2019, 07:42:24 AM |
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The bitcoin automated machine itself is a good idea. It is because it didn't just cater people who are into cryptocurrency, but it is also advertising crypto in a way.Obviously it will draw out some curiosities out of people who will see it. I think the only problem with it is the fee because I think it is quite high.
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Arsenyo
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October 13, 2019, 09:55:32 AM |
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I wouldn't choose to buy Bitcoin from ATMs, because of huge fees and especially because it is more convenient to buy it online, instead of going to an ATM. But I believe it has a good effect on popularization of cryptocurrency as people will start to ask questions and wonder what it is. And the fact it is increasingly widespread is a good news.
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BTMBitcoinVN
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Largest BTM network in Vietnam
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October 13, 2019, 03:15:50 PM |
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I wouldn't choose to buy Bitcoin from ATMs, because of huge fees and especially because it is more convenient to buy it online, instead of going to an ATM. But I believe it has a good effect on popularization of cryptocurrency as people will start to ask questions and wonder what it is. And the fact it is increasingly widespread is a good news.
The fees are indeed generally higher than purchasing online (operating a BTM comes with quite a bit of overhead costs - location rent; staff salaries to maintain the machine; purchasing broken hardware components etc.) - but there still persists a subset of users who prefers buying their Bitcoins via cash from a BTM rather than transferring money online to an exchange which might have much more thorough KYC restrictions to jump through etc. Some more reasons why using a Bitcoin ATM might make sense can be found here: https://btm.bitcoinvn.io/faq/why-use-a-bitcoinvn-btm |
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layer1gfx
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Graphic Design & Translation - BTC accepted here!
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October 17, 2019, 11:01:45 AM |
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BTMs are good as a bridge between traditional fiat and crypto users and could work for different use cases. people know how to use ATMs so the experience is already familiar and getting into crypto becomes less complicated for the normal non-tech person. travelers might also use it for some quick emergency cash for example... they do! or there might be a reason why you want to buy crypto quickly and there is no other method near you. the fees are sometimes high but when you cash out using other methods online and then use a standard ATM they can be the same. and western union is still more expensive. sometimes BTMs can be even cheaper and faster to cash out crypto to fiat. in case fiat disappears one day, BTMs still could be useful for other services, as paying bills or top-up for phones, games etc. the technology of a BTM could still be useful to do payments on the go for any service. |
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BTMBitcoinVN
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Largest BTM network in Vietnam
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October 19, 2019, 02:49:37 AM |
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BTMs are good as a bridge between traditional fiat and crypto users and could work for different use cases.
people know how to use ATMs so the experience is already familiar and getting into crypto becomes less complicated for the normal non-tech person.
One of the biggest advantages those machines have for the recognition of Bitcoin as a whole is... - they make it more "real" to the average person who has a hard time to wrap their head around why Bitcoin has value & actual use cases by just reading theoretical stuff about it. Seeing that big, boxy metal case which spits out physical cash when you send those "virtual" coins to it... - it's like a switch is turned for a whole bunch of people when they experience this the first time. Last but least of course also: The media love to take pictures of those machines to illustrate their stories. What else are they going to be supposed to use... - the same old handful of stock photos of "physical" Bitcoins or some scary dude in Guy-Fawkes-mask & dark sweater hiding behind his matrix-like screen? That is of course not a sufficient reason to place the machines, ultimately they need to satisfy a customer demand and bear their costs - but these "side benefits" had been one of the reasons why our mother company had been willing to put resources into building up it's own BTM network. |
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Eclipse26
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October 19, 2019, 02:09:29 PM |
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Bitcoin is getting more attention nowadays which makes Bitcoin ATM a good business option. The more bitcoin gets recognition, the more potential customer are there. It's also a way to help to promote bitcoin to the public. Although Bitcoin ATMs are increasing, I still haven't seen one in my country. Well I don't know if there is. I think there is but only limited. That's why I haven't seen one in my city.
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Pearls Before Swine
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October 19, 2019, 02:23:05 PM |
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I looked at a map of btc atms and was shocked to see how many of them there are, especially how many there are in the states. Never seen one out in the wild but I may have to plan a trip. The only problem with these atms is the fees and the kyc requirements that I think they make you go through. I don't necessarily mind paying a reasonable fee for bitcoin at an atm, but I would be worried about what the atm owner would do with a scan of my driver's license. You just don't know.
They are a sign of increasing mass adoption and it is good to see atms all over the world. They're really common in some parts of Europe if I'm correct. On the map I only took a look at north and south America, so I suppose I'll have to look closer.
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layer1gfx
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Graphic Design & Translation - BTC accepted here!
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November 05, 2019, 10:16:48 AM |
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for instance, in vietnam there is no KYC required, but you need a mobile phone and provide your number to receive a code via SMS to proceed or a code to redeem cash. in europe some BTMs need a phone number as well, but some only give you a printout with a qr code for the receiving address and a time window of 20min to send BTC if you wanna cash out. buying BTC works with QR code scans of your address. i haven't seen any KYC procedures on a BTM yet and wouldn't use one if that would be a requirement. speaking of vietnam, currently one of the BTM operators is extending their network with +12 new machines. here is the announcement in case you are interested: https://bitcointalk.org/index.php?topic=5198437.0i also recommend to check out coinatmradar, it is full of interesting information: https://coinatmradar.com/ |
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Boov
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November 05, 2019, 12:31:53 PM |
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Bitcoin ATMs are widely distributed around the world is essential. When Bitcoin is widely used around the world, the need for direct cash withdrawals at ATMs is essential. The condition for opening a Bitcoin ATM station in a country is that Bitcoin is legalized in that country. When Bitcoin ATM reaches out to more people, maybe people will have a better and more realistic view of Bitcoin.
That is why many people are using bitcoin now, people get interested that those traders and investors might love to buy their ATM , this would be a great bussiness for them due to its high demand. But I do not know how much will be the fee per transaction because if it is way higher I will convert my bitcoin to fiat if it is more cheaper. |
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Palider
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November 05, 2019, 01:48:54 PM |
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Bitcoin ATMs are increasing rapidly in our world and this may cause people to increase their awareness of bitcoin. In fact in our country the number of bitcoin ATMs is increasing and it is expected to increase as our central banks support it.
Hopefully the good developments in bitcoin will continue so that other people can see the importance of bitcoin.
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sapnu
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November 05, 2019, 04:05:41 PM |
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Isn't a bitcoin atm basically against the reason it exists? So we don't need to use fiat and now you spending all this money on bitcoin ATM and having to keep it stocked and working when all you really need to do is have merchants accept bitcoin as payment and all they need to do is use a QR code. I am not so certain that using a bitcoin ATM is easier than just getting merchants to accept bitcoin.
It is because bitcoin becoming famous as time goes by because our community is becoming larger also. The more people get to know bitcoin the more investors will come and try investing in here by actually supporting different ICO. It is helpful actually because the more famous the bitcoin becoming is the more possibility that there are lots of investors will come. ATM is the most efficient way to buy bitcoin. Making transaction easy if you want to buy bitcoin and you dont have actually internet that time. But there are still countries that are not adopting the ATM machines buying bitcoin because they not know what are the features of bitcoin. |
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jakoylantern
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November 05, 2019, 04:49:33 PM |
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For me, because of the increasing acceptance of bitcoin, that's why bitcoin ATMs are now widespread. Also, it makes it very convenient for those ppl that are using bitcoin, and also it can attract many ppl to try/invest bitcoin and do some research & study about bitcoin like giving them a curiosity about bitcoin ATM's. I'm looking forward to bitcoin ATMs to entice more investors and to grow this community. |
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