Bitcoin ATMs doubled every year since 2014

[linzerdshaffen]

According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

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[KingScorpio]

According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

cryptoatms are being installed by they are not exclusive Bitcoin ATMs Anymore, they are more and more flexible ATMs

regards

[romero121]

On the whole the bitcoin atm into usage might have increased, but in some localities ATMs have taken back as it hasn't got increased usage and wouldn't yield an earning. The usage of bitcoin atm decreased because of the increased withdrawal fee compared to the transaction fee levied on an exchange for cashing out.

[1993jochico]

are they a viable source of onboarding normal people into cryptocurrencies?

There's a huge possibility that it will attract more people to get in to cryptocurrency especially if most of them heard many good news from bitcoin.

Most of the time I suggest my friend's to invest in cryptocurrency but they are too busy to listen on my explanations and didnt focus on me.

[aoluain]

That's a great statistic, as posted above it certainly introduces
now people to Bitcoin and Crypto, it also makes it accessable
and easier to purchase although im sure there is a premium.

I know if I had access to an ATM in my local town I would use it
every week after my wage landed.

Would anyone here use one if they got the chance?

[sunsilk]

It only means that adoption is increasing, those fudsters should read this kind of news and tell us on where bitcoin or crypto is heading. Companies won't waste their budget for having this kind of operation through Bitcoin ATM's.

It is one good industry that has few in the competition and just like the ICO days, this industry is still on the early days. But few years from now, it will be crowded and competition will be tough for these companies.

[eternalgloom]

While this is great news for the increased amount of exposure that Bitcoin's getting, I wonder how much volume those ATM's are getting combined.
I've tried searching for any sort of statistics regarding the trading volume of these ATMs and can't seem to find anything.

If anyone has any numbers on that, please do share.

[Reid]

It is the first step but on the end this should only be for deposit or buying bitcoin and not the other way around.

If we just keep on selling our bitcoin for fiat then what is the use of having a crypto currency?
It should just circulate online and not be used back to withdrawal into fiat.
That way we are just making the fiat system strong again instead of the crypro currencies being promoted more into online transactions.

I am against it but for now it could be one of the more good reasons to shed some light to people who do not have any clue about it.

[Artemis3]

That's a great statistic, as posted above it certainly introduces
now people to Bitcoin and Crypto, it also makes it accessable
and easier to purchase although im sure there is a premium.

I know if I had access to an ATM in my local town I would use it
every week after my wage landed.

Would anyone here use one if they got the chance?

No because doing the same with localbitcoins or some other exchange would be much cheaper (fees). Also my country's garbage fiat would fill the poor thing safe box before i could even manage to buy 0.01 BTC. 36 USD would need 216 banknotes of 500 VES, which are rare btw, more likely 5x that using 1080 banknotes of 100 VES. Next month is probably double that...

The irony is, the poorest the country's fiat is, the less useful an ATM becomes. Only those countries with a "strong" fiat money, where a single banknote can buy plenty of satoshis, an ATM makes sense. But in those countries there is little incentive to do so.

Just like electric cars where the gasoline costs nearly nothing.

[Indamuck]

I read some sources that amoun tof bitcoin ATMs was lowered last year.  Its difficult to get an accurate measure and the sources I read may have been wrong.

There are still not any Bitcoin ATMs located in my local area, there just seems to be better investments than ATM machines.  Real investors can easily transfer money to an exchange themselves.

[goaldigger]

According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

People are already noticing what bitcoin ATM can bring. Ots convinience is something we can look forward to. You can see that it doubled because people who are investing in bitcoin are multiplying to and the demand of that ATM is increasing. Its a good sign that crypto is still healthy.

[dothebeats]

They offer convenience where convenience is scarce, so I don't think they really are a plague to the crypto-economy since they are helping a certain niche that needs their service. Also, if bitcoin ATMs doubled every year, this means that there is a significant demand for ATM operators to keep on introducing one. Though the fees aren't really inviting, if one needs a quick cash, or need to convert to bitcoins quickly, they'd just do it on an ATM rather than wait for transfers and completed trades on an exchange.

[peter0425]

While this is great news for the increased amount of exposure that Bitcoin's getting, I wonder how much volume those ATM's are getting combined.
I've tried searching for any sort of statistics regarding the trading volume of these ATMs and can't seem to find anything.

If anyone has any numbers on that, please do share.

I assumed that the volume is just small because (1) the fees are higher and (2) not very convenient as others prefer P2P transactions, I reckon. What we need is adoption from merchant and now the numbers of bitcoin ATM as of the moment, imho.

[kryptqnick]

The number of ATMs might be increasing, and it might be a good sign. After all, people don't use ATMs for trading. I am trying to say that the people using them are probably treating bitcoin as money, and we certainly cannot have too many of such people. It's nice that people can avoid using exchange websites when they want to buy or sell cryptos from time to time. I guess ATMs also mean no KYC, so that's another positive thing. What might be a downside to all this is the ATM additional fees. Bitcoin transactions are so cheap nowadays, and high fees of ATMs deprive us of this value.

[nydiacaskey01]

Hopefully, this ATMs will make those who are not familiar with Bitcoins become familiar and interested with Bitcoins. Another thing is this ATMs will help those who have difficulty in finding local sellers of Bitcoin and don't trust anyone (person to person) in the net selling Bitcoins. I hope those who installed ATMs would consider installing ATMs in every City to make it more convenient to us Bitcoin users to have access to it.

[martina14]

For the record! PHILIPPINES has their own ATM machine also.
And now Bank of the Philippine ISLAND will launch their own ATMs in the METRO this year.
I think PH is really on the track add CEZA on this!

Therefore ATM will grow more year by year for the whole world counts.

[proTECH77]

For ATMs be doubled every year since 2014 have shown to us that Bitcoin cannot be destroy by the government. Even in my country ATMs have been installed around for buying of Bitcoin which make things more easier than before. With this development i strongly believe that sooner the government will fulling embrace the power of Bitcoin   

[TimeHacker]

They are beginning to gain popularity and so many want to build on this business until it's too late. But I wonder what these ATMs are more convenient than the usual online exchanger?

Most importantly, at least some of them allow you to buy/sell BTC anonymously, which can be quite useful in some cases. It can be also much faster to buy/sell via ATM, you don't have to wait for a bank transfer.

[shesheboy]

I didnt knew that there were now btc powered atm's back then on the year 2014  .  why the earth they will built it if the adoption is not yet bigger ?  Back then , people arent really aware about the existence of the crypto currencies but overall i still salute those guys who insist to put up an btc atm business  . 

Right now i wont doubt anymore because we already see the improvement of btc adoption  .  btc atm's are surely be a good hit  because sooner or later the btc users are expected to double up or even tripple .

[Kelvinid]

I didnt knew that there were now btc powered atm's back then on the year 2014  .  why the earth they will built it if the adoption is not yet bigger ?  Back then , people arent really aware about the existence of the crypto currencies but overall i still salute those guys who insist to put up an btc atm business  . 

Right now i wont doubt anymore because we already see the improvement of btc adoption  .  btc atm's are surely be a good hit  because sooner or later the btc users are expected to double up or even tripple .

I'm also not thinking of bitcoin ATM's existence on that year, I may think that is just usual ATM cards we used from the banks.
But across its crypto developments, we are now hearing crypto ATM's not just only for Bitcoin but it also happen into altcoins. In fact, many project were promoting ATM's with the used of of their tokens which we can say that crypto will have a great future.