Bitcoin ATMs doubled every year since 2014

[anthonytcm]

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.

I used to work in the bitcoin ATM industry during 2017's bull run, and let me tell you people were crazy about getting their hands on some bitcoins. It was incredible, some platforms charged as high as 18% over price and would still see traffic on the machines, they weren't in for cashing out, they wanted to be a part of it, buying was what was on people's mind, I'm sure that when bull market comes, this will happen again.

And even on bull market times, with the difference that more people will want to sell rather than just buy. Remember everyone hears about bitcoin at different stages of their life, and I think bitcoin ATMs are a good way to get people used to the idea that we're here to stay. Where I live bitcoin ATMs are not really popular though, I'd like to be able to use one some day

[1715622136]

1715622136

[1715622136]

1715622136

[1715622136]

1715622136

[1715622136]

1715622136

[1715622136]

1715622136

[pushups44]

I am noticing more bitcoin ATMs in my area, so this is a good sign. Another exciting development is the sale of BTC at Coinstar coin counting locations. From a basic Google search it appears the growth of bitcoin ATMs has been exponential.

[Alpinat]

Yes, I already noticed that. Here in our place bitcoin ATM's is increasing also but some of the people are stealing it without the proper knowledge that it has no cash inside. It is good news that bitcoin atm's are increasing year by year it means people are adapting.

[bitbunnny]

Unlike some other people here I have to say that I haven't noticed increased number of Bitcoin ATMs, at least not in my country. Just the opposite, new ones are not appearing for a while. I guess they were not so popular and many people found some other ways to buy or sell Bitcoin.
But on the general level it might happen that their number increases, in some countries they are probably popular. Also, I think they are kind of good advertising for Bitcoin, a kind of way to improve the visibility of Bitcoin in our every day lives.

[qwertyup23]

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/

I find bitcoin ATMs a little bit underwhelming due to the high transaction fees provided by the system. In addition, only a limited number of ATMs are in my country and most of them are still under development due to maintenance. I do not see the project materializing in the near future but we cannot deny the fact that it's a good start in introducing cryptocurrencies to the public.

If you really want to withdraw your bitcoins for cash, better use your local wallet as some offer exchanges from third-party establishments.

Yes, I already noticed that. Here in our place bitcoin ATM's is increasing also but some of the people are stealing it without the proper knowledge that it has no cash inside. It is good news that bitcoin atm's are increasing year by year it means people are adapting.

They really need to address the high transaction fees or else people would continue to ignore it. But you are right though, it still a continuous development in the widespread adoption of bitcoin and exposure to the public.