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February 01, 2019, 09:05:08 AM |
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From my perspective Bitcoin ATMs are not so popular anymore. At least not in my country. Year or two ago they were appearing all the time but recently there are no new ones and existing are not so popular. I think that Bitcoin users are having multiple choices how to buy or sell Bitcoin on more convenient way. So having a Bitcoin ATM today is not so lucrative business anymore.
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Accepted_check
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February 01, 2019, 12:49:15 PM |
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From my perspective Bitcoin ATMs are not so popular anymore. At least not in my country. Year or two ago they were appearing all the time but recently there are no new ones and existing are not so popular. I think that Bitcoin users are having multiple choices how to buy or sell Bitcoin on more convenient way. So having a Bitcoin ATM today is not so lucrative business anymore.
I didn't even know that there is bitcoin atm here in my country until I've searched it. Well, others may see bitcoin atm helpful for them because it is fast, especially if you’re going to transact BTC to fiat. But for me, I don't use bitcoin atm to transact. It's more hassle for me coz you have to know where the bitcoin atm is located. So yeah, it's not that lucrative anymore.
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boltz
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February 01, 2019, 01:15:15 PM |
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Actually this is true and yesterday I received a map of Austria ATM's and there are over 100 so imagine how much bitcoin is prospering there. I think also that Poland has lot of ATM's and Romania has some of them too and I'm sure more countries will follow this example and install bitcoin ATM's.
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February 01, 2019, 02:08:22 PM |
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As for now i have zero chances for any bitcoin atm installed in my country middle east Europe and zero chances for merchant accept bitcoin One or two atm in some countries is not making any change it is nothing at all Few bitcoin atm in any town can make change Poland has maybe two ATM if they are still working but big doubt does anybody is using them It looks like Austria is bitcoin paradise
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Wexnident
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February 01, 2019, 02:29:31 PM |
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Sounds nice, most capitals and a lot of big cities have a btc atm nowadays, its a step ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . 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/#contactThis 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. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoin-atm.ie%2Fassets%2Fimg%2FBitcoin-ATM-Ireland.png&t=665&c=jHo10KGD0GH49w) This is really great! not just for bitcoin but to the whole crypto industry especially on alternative coins for it have an opportunity since bitcoin is already popular. I heard a lot of news about bitcoin atm machines and i don't really think there is but now it is. This is a good start for this year, lets us all welcome the new era of payment and currency.
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yulchatar
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February 01, 2019, 02:35:47 PM |
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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 . In Ukraine, the same situation. "The legal status of cryptocurrency is not defined" - so stated in official sources. But this doesn't interfere with the work of a large number of bitcoin ATMs in different cities of the country. And they also, like at the author's country above, make it possible to make only a purchase.
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johnny508
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February 01, 2019, 03:26:56 PM |
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Bold idea to make transactions more effective and increase the value of bitcoin while giving the advantages of Bitcoin network to its users who still haven't gained and i think this seems like ground work to build a large and also stable network in the world to make bitcoin the ultimate mainstream currency which can easily achieve if this is implemented properly by selecting best possible locations to place ATM machines
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AXELNetwork (OP)
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February 01, 2019, 03:36:38 PM |
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There are now many bitcoin ATM's that keep popping up around the world, I think it is because of the adoption that are continuing to increase. There are big possibilities that the demand to bitcoin will increase more. The important thing for these ATM's is that they spread awareness of Bitcoin as a payment option and it helps people realize that it is a legitimate form of currency.
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meanwords
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February 01, 2019, 03:48:16 PM |
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Actually, that's not new at all. There are already a lot of Bitcoin ATM's are in place but anyway, this is still a piece good of news for everyone, gamblers and traders alike. Imagine having Bitcoin as a legal currency around the world, that would be awesome.
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Micerker
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February 01, 2019, 03:52:28 PM |
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Las Vegas is one of the largest entertainment centers in the world, here you can find your paradise. ATMs (Bitcoin) installation is a good choice because many people own Bitcoin instead of FIAT. You can run out of money, but everything remains if you can still use Bitcoin.
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logfiles
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February 01, 2019, 04:27:11 PM |
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Though it's good news towards bringing the much-needed adoption of bitcoin closer, I really don't get it why bitcoin ATMs are really necessary yet more and more exchanges are now beginning to implement direct Credit Card deposits the latest to announce this new development being Binance.
Where I come from, financial solutions provided by mobile carriers like Mobile Money are even more popular than the mainstream financial institutions and their ATMs... and this even gets juicier with cryptocurrency in play. All one has to do is get his mobile and send money to his exchange account directly or withdraw crypto from his exchange account to fiat in his mobile money account without having to go to the bank
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SIDDHI777
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February 01, 2019, 05:05:53 PM |
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Opening Bitcoin ATM's worldwide is a great concept to make Bitcoin more closer to people and to make Bitcoin more usable to anyone in the world easily. and in the future we would see many like in Las Vegas including developing and non developed countries spread in every city in most countries and hope this is just the start and keep increasing around the world
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buwaytress
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February 02, 2019, 09:06:29 AM |
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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.
Ah, but Bali's more tourist than locals... and makes me wonder why it's only for purchase. This day and age 2-way atms are the way to go. Real strange though, I'd be interested to know what kind of volumes it does. Bali accepts dollars and euros as easily as they do rupiah, least that was true on my last visit 10 years ago. Any BTC accepting merchs there? Malaysia had at least 2 ATMs installed years ago. Hip and trendy places too (just outside Kuala Lumpur in those so-called satellite cities, Bangsar being one). They just fell into disrepair. Was as high as 5 ATMs daily globally, now barely 4. Still a lot I guess. I still don't see how people would ever buy/sell with such high rates. I suppose the high limits before KYC triggers is still some incentive for anonymity. But then you gotta deposit that cash anyway and where I live, depositing cash makes the bank very suspicious. Fact, my bank's even started to charge from this month for cash depos.
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virasog
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February 02, 2019, 01:41:02 PM |
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Opening Bitcoin ATM's worldwide is a great concept to make Bitcoin more closer to people and to make Bitcoin more usable to anyone in the world easily. and in the future we would see many like in Las Vegas including developing and non developed countries spread in every city in most countries and hope this is just the start and keep increasing around the world One of the benefit of Bitcoin ATM is that with this people will become aware of bitcoins. Since Bitcoin ATM will be placed in a public place and those who do not know about bitcoin will try to figure out what is this and this will increase the usability and awareness of bitcoins and many new people will come and invest in bitcoins. This bear market needs new money and we need to think of steps like these to make people aware and invest in bitcoins.
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February 02, 2019, 01:55:05 PM |
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As a start this is a great project and because the community is still growing and placing machines in attractive and well known places like Las Vegas are much better to make a big difference. This will show the world that Bitcoin is usable in every where without any barriers and this can collect more cash flow into Bitcoin from local communities because with this more people will start to use Bitcoin so more will have to purchase it and eventually Bitcoin demand will rise
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conected
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February 02, 2019, 02:42:13 PM |
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Actually, that's not new at all. There are already a lot of Bitcoin ATM's are in place but anyway, this is still a piece good of news for everyone, gamblers and traders alike. Imagine having Bitcoin as a legal currency around the world, that would be awesome.
- Well, exactly as you say, this is not a new thing because some countries have allowed Bitcoin ATM to appear, that seems to be a sign of support for bitcoin users, helping bitcoin penetrate deeper into the lives of many people, this is really great. However, I can see the number of people using bitcoin ATM is quite small because people who hold bitcoins mostly use cash for everyday life, even for gambling, cash is still the top priority, rarely use bitcoin, BItcoin ATM is probably not as effective as expected
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xWolfx
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February 02, 2019, 02:44:47 PM |
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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.
It is really good news because the more people see those ATM's and the "We accept Bitcoin" sticker with merchants the more real it will start to look for the goal that is mass adoption one day. I mean, even in Venezuela they are planning to start with one soon. So you can imagine how big this will be.
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Destroyeroff98
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February 02, 2019, 02:54:19 PM |
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At the moment there are about 30 different types of crypto banking. The most popular species that cover almost 90% of the world: Genesis1 machine by Genesis Coin Satoshi1 or Satoshi2 machine by Genesis Coin Lamassu General Bytes BATMTwo (one-way) General Bytes BATMThree (two-way) BitAccess Skyhook Robocoin ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcrypto-fox.ru%2Fwp-content%2Fuploads%2F2017%2F11%2Fbitcoin-atm.jpg&t=665&c=IrHrEfoXRGFmZQ)
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waitforme
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February 02, 2019, 08:34:57 PM |
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Actually, that's not new at all. There are already a lot of Bitcoin ATM's are in place but anyway, this is still a piece good of news for everyone, gamblers and traders alike. Imagine having Bitcoin as a legal currency around the world, that would be awesome.
- Well, exactly as you say, this is not a new thing because some countries have allowed Bitcoin ATM to appear, that seems to be a sign of support for bitcoin users, helping bitcoin penetrate deeper into the lives of many people, this is really great. However, I can see the number of people using bitcoin ATM is quite small because people who hold bitcoins mostly use cash for everyday life, even for gambling, cash is still the top priority, rarely use bitcoin, BItcoin ATM is probably not as effective as expected This can also be considered as a way to promote Bitcoin to everyone so that more people know it at present. People are always curious about new things, and they will learn it when they are curious about it. This can consider as a special way of promoting Bitcoin to get closer to other users.
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trader34
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February 02, 2019, 08:35:49 PM |
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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.
It is really good news because the more people see those ATM's and the "We accept Bitcoin" sticker with merchants the more real it will start to look for the goal that is mass adoption one day. I mean, even in Venezuela they are planning to start with one soon. So you can imagine how big this will be. These are all signs that, despite the bearish market that we have been experiencing for over a year, the cryptocurrency industry is continuing and developing. Sooner or later the prices of the main cryptos will begin to rise again ...
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