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Author Topic: Bitcoin ATM's are popping up  (Read 1034 times)
jakasantosa
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January 31, 2019, 05:30:27 PM
 #21

Even though in our country the government has not legalized Bitcoin but there are about 3 places available for Bitcoin ATM machines. The location is in Bali Indonesia. But the ATM machine only provides Purchase only.

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January 31, 2019, 05:43:51 PM
 #22

Maybe it can be used as a promotion category to attract many people to be interested in using bitcoin.

A person's prejudice towards bitcoin is a scam, unreal, and even many who think that bitcoin is an illusion.

So with a bitcoin ATM at least it will dismiss someone's prejudice against bitcoin, that's the first stage. Then the second stage they began to be curious about bitcoin and find out about bitcoin, then the third stage he will use bitcoin.
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January 31, 2019, 06:57:34 PM
 #23

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Yes, it's a great thing and it is a great example of revolution. Now people get more digital and become aware to this thing. It's a great achievement that the bitcoin ATM's has getting increasing as per the days passes.


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January 31, 2019, 07:14:41 PM
 #24

-30 more ATMs to be installed in Chicago
-Coinstar is now selling BTC in grocery stores all over the US
-More than 4000 ATMs in the world, many more to come in Germany

We're getting there.
This suggests that the adoption and widespread use of cryptocurrency is not far off.What is interesting is how they actually work?If I suppose I wanted to transfer my bitcoins through this ATM, would I need to enter my private key?If so, where is the guarantee that my key will not be stolen?In the case of Las Vegas, this is a very cool decision. Having won a large amount in a casino, there is no need to take your winnings out of the casino in dollars.
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January 31, 2019, 07:27:03 PM
 #25

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
The buy and sell offers have too much of a price difference, which leads to thinking that the exchange rate there is unfair and thus the rewards of the ATM company of whoever gets them in this case are too big. The video is nice, though, I always wanted to see how it works. It is nice that it's possible to get fiat cash there so easily. I wonder how it complies with the AML policies, and how can countries be so bitchy about crypto exchanges and actually allow machines that help you to sell btc and get cash with no identification (well, apart from the camera seeing your face, which is what every ATM has).

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January 31, 2019, 08:12:58 PM
 #26

It's always good to see new places where you can buy Bitcoins. I hope some of the people's who got some wins, in Las Vegas use some of there earnings to buy some bitcoins in the local Bitcoin ATM.
Anyone with such an ATM will be able to feel comfortable being in Las Vegas. For comfort, you just need to have a good amount of bitcoins and know your private key.Anyone who has ever played in an expensive casino will fully understand what a cool service this is.

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January 31, 2019, 08:47:29 PM
 #27

It always hive me joy when ever I hear of bitcoin ATM because it bursts my confidence that bitcoin is still getting more popular and the general public is now close to bitcoin with an ATM which allow them to get access to bitcoin so long as you have any Master card that have bitcoin credit on it.
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January 31, 2019, 09:12:55 PM
 #28

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Yes, it's a great thing and it is a great example of revolution. Now people get more digital and become aware to this thing. It's a great achievement that the bitcoin ATM's has getting increasing as per the days passes.
A lot of ATM’s are already deploy on different countries and its good to see that thing. We are slowly adopting the technology and if we saw a lot of this for sure its easy now to withdraw and buy bitcoin at anytime we want to. This is a great proof that bitcoin is legit and other cryptocurrency, this can be lessen the doubt of people to invest.
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January 31, 2019, 10:51:34 PM
 #29

Even though in our country the government has not legalized Bitcoin but there are about 3 places available for Bitcoin ATM machines. The location is in Bali Indonesia. But the ATM machine only provides Purchase only.

Its not legal but you still have atm's on your country ? That's strange  .  any way ,  bitcoin atm's are for cash out's only  .  

This is a good news though because we can see that bitcoin is now growing but im kinda bit jealous right now .  bitcoin is not illegal on our country and many citezens here are now aware about cryptos but unfortunately i cant see any bitcoin atm's existed yet .
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January 31, 2019, 11:28:18 PM
 #30

Even though in our country the government has not legalized Bitcoin but there are about 3 places available for Bitcoin ATM machines. The location is in Bali Indonesia. But the ATM machine only provides Purchase only.
Do you mean you can only Buy Bitcoins and you cannot make any deposits? I guess thats the usual function of ATM's, to dispense Money or in this case Bitcoins. If you plan to make a deposit to your BTC wallet then use a computer to make a more secure transaction. Furthermore, how are they able to set up a Bitcoin ATM if the government did not legalize use of Bitcoins in your country? How did they apply for business permits to install that ATM in Bali?
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January 31, 2019, 11:33:41 PM
 #31

-30 more ATMs to be installed in Chicago
-Coinstar is now selling BTC in grocery stores all over the US
-More than 4000 ATMs in the world, many more to come in Germany

We're getting there.

Wow this is great news. Never wondered that a company would really sell bitcoin in a grocery store. So is it used for purchasing goods in the grocery store too?
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January 31, 2019, 11:38:08 PM
 #32

This is one of the big indications that Bitcoin gets more main stream. The ATM gets placed because someone asked for it. This is what matters, that there is demand for Bitcoin and for crypto in general. If people ask for this, then I am sure the rest will come. Crypto adoption will come.

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February 01, 2019, 06:56:44 AM
 #33

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
It's a great start to let people know the existence of bitcoin. As more ATMs are being installed in different places, it will increase the curiosity of people and they might start to take interest about bitcoin.
As for people who already knew about it, it is very helpful and convenient for them since it is way easier to exchange and buy bitcoin.
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February 01, 2019, 07:06:06 AM
 #34

More ATM's makes me feel bitcoin will be alive forever and more user friendly will make people finally embrace cryptocurrency in every part of the world ,actually we are getting somewhere

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February 01, 2019, 07:15:17 AM
 #35

I think this is all good. Such a PR. The more people know about Bitcoin and the cryptosphere as a whole, the better for all of us!
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February 01, 2019, 07:21:34 AM
 #36

Yes I just googled if Ireland had a Bitcoin ATM [I wasnt expecting a positive result]
and yes there is one in Dublin which I am very happy to hear!
Good for your country. Here in the Philippines, there is already a bitcoin atm also. Yup! You heard it right, bitcoin atm, which means it is only one Grin (AFAIK). I don't know if I will get proud or embarrassed about it but nonetheless an improvement is still an improvement. I hope there will be more btc atms to come in the future.
Some people get arrested after installing an ATM. I remember it was the case in ASIA.  Grin
Probably because he is not authorized of doing so or probably did shady stuffs there like putiing devices/program for getting copies of the passwords inputed by the victims there.
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February 01, 2019, 07:25:58 AM
 #37

I think sometimes the reason is that people decided to start this business during the 2017 bubble, but the documentation, legalwork and other preparatory measures took so long that the ATM-s are just now popping up - but I do hope they get used regardless.

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February 01, 2019, 08:55:16 AM
 #38

If the casino's were to accept bitcoins then that would be major news. So far it is just online casino's but hopefully one day actual bitcoin casino's will let you win x amount of coin and to gamble it as well

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February 01, 2019, 08:59:21 AM
 #39

Hello,

I also see more and more news in that perspecrtive, it is one of the best way to promote BTC and crypto. Generalisation is a key towards general acceptance and I'm waiting for the first in France !!
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February 01, 2019, 09:04:30 AM
 #40

It is important to notice that more countries have kept them engaged into the process of regulating cryptocurrencies. This is a good news for bitcoin. Along with the same CBOE have once again got into the ETF approval submission. These factors indicate the growth of cryptocurrency all around the world. When the growth progress automatically, more ATMs gets popping up supporting the community.
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