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Author Topic: Bitcoin ATM's are popping up  (Read 1029 times)
AXELNetwork (OP)
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January 30, 2019, 09:12:58 PM
 #1

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=

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January 30, 2019, 09:59:38 PM
 #2

Sounds nice, most capitals and a lot of big cities have a btc atm nowadays, its a step Smiley.

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!

http://bitcoin-atm.ie/#contact

This is great to see, by the looks of the machine they use it is
not a large unit, doesnt take up too much space so I think there
should be more merchants willing to offer the service and earn
some commission.


R


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playboy654
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January 30, 2019, 10:00:25 PM
 #3

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 you are right but is not enough to make our journey more powerful we need some more development in the ATMs also and it takes some times but it happened then Bitcoin will made so simple to user friendly and easy to use from all over the world.

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January 30, 2019, 10:09:01 PM
 #4

that's a good start already. with more and more ATMs coming up, means more and more people are becoming aware of the bitcoin existence and how to deal with it. later on, they will realize that it's so easy and straightforward using crypto. there's always the bottleneck phase. but once we overcome such phase, the bitcoin demand will rise!
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January 31, 2019, 12:31:49 AM
 #5

Seeing ATMs popping up is one thing, getting people to actually use it is another. Usually, these ATMs put up an exorbitant transaction fee for anyone who use their machines, and for most people this might sound like a go-to when they need cash or bitcoins, but once they found out that it charges crazy high fees, they might just ignore it. Anyway, bitcoin ATMs are becoming normal now, and the way I see it, these ATMs will be a crucial part of getting the word out and perhaps adoption, too.

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January 31, 2019, 03:20:15 AM
 #6

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=

That looks helpful, I am very happy with the bitcoin ATM machine until now, I am still waiting for my country to have it, in order to make it easier for everyone to exchange money or buy bitcoin, basically it is very dear that only some countries have these ATM machines , I really hope in my country in the future the population of this ATM machine can be evenly distributed in every country can have it ...

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January 31, 2019, 05:45:11 AM
 #7

Las Vegas have had Bitcoin ATMs for a while now, so this is not new news anymore.  Roll Eyes The current distribution of installations across the countries can be found on , https://coinatmradar.com/countries/ to determine if you have a Bitcoin ATM in your area and how rapidly Bitcoin ATMs are being rolled out on a global scale.

I am just glad that these companies are still pushing forward, no matter what the price of Bitcoin are and even if people are hesitant to buy and sell bitcoins now. <Hoarding & low price>  Roll Eyes

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January 31, 2019, 05:51:31 AM
 #8

Some people get arrested after installing an ATM. I remember it was the case in ASIA.  Grin
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January 31, 2019, 08:02:54 AM
 #9

it is very good because with the existence of many automatic ATM machines it will be easier to transact in business, and it will also develop the value of bitcoin
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January 31, 2019, 01:47:54 PM
 #10

Cool! With ATMs gradually starting to appear, this already says a lot. True, it will be unusual for people to use their services, although many of them will stand in queues because of interest. Although many people do not want to advertise that they own Bitcoin, so these ATMs are not for them.
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January 31, 2019, 01:57:05 PM
 #11

The US is advancing rapidly in bitcoin adoption ans popularity amidst tight regulations from the government. Government recognising bitcoin appears to be key in gaining the citizens trust.
Citizens of developing countries where the government are indifferent to digital technology are less exposed to it's possibilities.
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January 31, 2019, 02:09:35 PM
 #12

It's easy to just sign up for an exchange and buy crypto that way, Then you won't be charged ridiculous fees like these ATMs.  But I guess if this helps more people to get into crypto I guess I'm in favor of it.  I still haven't used one of these myself and most likely never will unless its an emergency.
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January 31, 2019, 02:33:39 PM
 #13

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:
There are many ATM machines and cash kiosks around the world and you can find over 2500 bitcoin ATM in US alone and it is a good initiative but the main problem is the transaction and other charges if you are using them is really high, if that is sorted out then it is a great idea to use those facilities, if i have a better opportunity to purchase or sell bitcoin without those charges i will readily look for those sources rather than spending higher fees through these ATM facilities, i hope in the future these prices will be dropped as more users start using it.

Some people get arrested after installing an ATM. I remember it was the case in ASIA.  Grin
This happened in Banglore, India and the ATM was installed by Unocoin exchange and they got arrested. Not sure what is the situation is right now.
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January 31, 2019, 02:58:04 PM
 #14

You can use this website to see bitcoin ATM’s near your location -

https://coinatmradar.com/bitcoin-atm-near-me/

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January 31, 2019, 03:14:45 PM
Last edit: January 31, 2019, 03:43:24 PM by wizardcrypto
 #15

There are many ATM machine planted in various cities right now, this means the rate of mass adoption is growing at a steady and healthly manner which also implies that blockchain technology will be use on the mainstream. Through this atm machine bitcoin futures looks very bright despite what we are all experiencing in this bearish market  that is plaqueing the crypto industry. I strongly Believed that as the planting of atm machine continue the crypto market will gain stability soon.

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January 31, 2019, 03:26:00 PM
 #16

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=

Opening Bitcoin ATM machines can be described as One of the great way to spread the word about bitcoin's existence because with that more Citizens in a country will get to know about it and many will try to use it and that will definitely will increase its demand and cash flow into the BTC market which will help to increase its value and more people will benefit by using it

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January 31, 2019, 03:41:51 PM
 #17

It's easy to just sign up for an exchange and buy crypto that way, Then you won't be charged ridiculous fees like these ATMs.  But I guess if this helps more people to get into crypto I guess I'm in favor of it.  I still haven't used one of these myself and most likely never will unless its an emergency.

It's just a cool and quick way of introducing people to the idea of using Bitcoin for their transactions.

Learn more about the AXEL project here: https://axel.network/
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January 31, 2019, 03:51:30 PM
 #18

This one is not surprising to me since I already read some articles testifying with this similar report. But the thing is what is the point of popping up of this machine for bitcoin is the charge fee for transaction is high. This would just inform the world about the realness of bitcoin but to those who knew about this will simply ignore it because of the high fee.

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January 31, 2019, 03:54:43 PM
 #19

-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.
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January 31, 2019, 03:55:29 PM
 #20

Seeing ATMs popping up is one thing, getting people to actually use it is another. Usually, these ATMs put up an exorbitant transaction fee for anyone who use their machines, and for most people this might sound like a go-to when they need cash or bitcoins, but once they found out that it charges crazy high fees, they might just ignore it. Anyway, bitcoin ATMs are becoming normal now, and the way I see it, these ATMs will be a crucial part of getting the word out and perhaps adoption, too.

I think I would agree with you on this. Bitcoin ATM to me is not in any way appealing because of the cost that would be attached to doing a transaction whether its to buying or selling where there are several alternatives that have been made available by the peer to peer sites where you could actually trade with human beings and you could actually forge a real relationship. Another concern is the fact that its going to be a centralized form of exchange which personally is giving powers to some set of individuals to decide the situation of things.
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