Can more ATM's increase adoption for Bitcoin?

[Kakmakr]

ATMs are part of the problem these days, because all the KYC/AML regulations that you have to adhere to are killing the pseudo anonymity of Bitcoin and it is adding ridiculous high fees to Bitcoin transactions. ATMs are making Bitcoin adoption very convenient for a lot of people who has no clue what Bitcoin is, so they could care less about high fees and anonymity. 

People are already used to Fiat ATMs, so the transition to Bitcoin ATMs are not a big deal for them.    I prefer not to convert my Fiat to bitcoins at ATMs, because I do not want my personal information logged on exploitable databases. 

[LUCKMCFLY]

An ATM was installed in San Antonio del Táchira, a border between Venezuela and Colombia, as this makes the adoption much more dynamic because people usually change the local currency (Bs.S to COP) Sovereign Bolivars to Colombian Pesos, but Bitcoin has an impact deeper because the cmabio is much more beneficial because they take the equivalent of USD and from there to COP.


Source: http://confirmado.com.ve/instalado-cajero-bitcoin-en-san-antonio-del-tachira/

This is one of the most moved borders worldwide, as the economic crisis in Venezuela forces people to depend totally on a deflationary economy like Bitcoin has, it is a thousand times better as the internal economy grows every day. inflation.

As people get to know more and if the change is more attractive, I'm sure they will need more Bitcoin ATMs.

[rodel caling]

It's possible to help npbitcoun mass adoption displaying a lot of bitcoin ATM any place of the city's which bitcoin legallyin every country. Maybe 30 to 40 percent of the people in very city's in every possible to encourage what is bitcoin ATM all about and possible to start asking and leaenig what is bitcoin as new money.

[Bountyhonter]

I wouldn't leave the convince of my room just to make a transaction on an ATM when it can be done on any device in my room using p2p exchanges with less fees.

[TimeTeller]

I wouldn't. The price premiums for ATMs are just too much for my taste. Though buying and selling bitcoin anonymously through some ATMs that doesn't require KYC and doesn't have CCTV cameras is great though.

As for adoption, probably a bit? At the least the ATMs make people curious on what bitcoin is, and it gives bitcoin more legitimacy. Though it probably might not help a lot in terms of adoption, it still helps I guess.

Maybe you are saying that because you know how to deal with crypto in a better way.
But for those ordinary individuals who want to check on bitcoin, it is a good way to introduce it to them.
Within a hand's reach, people will gonna check this local atm and experience for themselves.
I do agree that it gives more legitimacy and they can actually see a bitcoin machine now, where it is only an imagination before.
It might help in adoption one way or another. It is another means of introducing it to the public.

[malevolent]

I wouldn't leave the convince of my room just to make a transaction on an ATM when it can be done on any device in my room using p2p exchanges with less fees.

Then I don't think you're the target audience, if you exchange bitcoins for money or vice versa and use banks, PP, or other financial services your exposing yourself to everyone who has access to the records these companies are forced to keep.

[pixie85]

One of the people behind shitcoins.club is apparently involved in a cat and mouse game with Polish customs trying to nail him for illegal gambling operations but it's not really a concern for anyone uninvolved.

Right, Poland One of the countries where playing poker for money is illegal. I hope they won't get him. Prosecuting people for gambling is like prosecuting them for downloading a movie from torrents. It achieves nothing and only wastes taxpayers money.

ATMs are great and I hope their numbers keep growing. They are a much better option than going through a personal bank account and do a good job promoting BTC. I saw people approaching them just to find out what they're for.

[lighpulsar07]

Well yes definitely. In that way, people can easily access their bitcoin wallets and get their cash instantly or use it on bitcoin accepted stores without going to the banks and questioning where did the money come from? or any verifications that the money they received on the account wasn't a dirty money and also, this will attract more users to buy bitcoin anyway, this  bitcoin adoption is taking a whole new level and i would like to see a bitcoin atm in my country someday.

[milewilda]

We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?   

Its better than have nothing at all.As others saying it do have higher fees which is somewhat expected for those btc atm owners to impose.
I did try out to purchase one but that atm is located on the capital city of our country which is far from my hometown but when i traveled to that place i have the chance to buy up
just to explore on how this machine works and yes fees is higher.For adoption, i cant say its total useless yet curiosity would always comes after.

[TravelMug]

We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?   

Number one disadvantage is the fee, it's too expensive for average joe to buy, in my opinion. I'm sure those transacting thru bitcoin ATM's are either a noob, or you are in hurry to purchase or just want to get the experience of using a ATM.

One advantage though is security, no need to go face-to-face with someone you don't know and the not take the risk of being "physically" assaulted, if you know what I mean. Lots of criminals roaming around the crypto world so if you are paranoid about security, maybe bitcoin ATM is for you.

For those who are interested what the data are, https://coinatmradar.com/

5595  Crypto ATMs in 74 Countries

[Bitcoininvestment]

I think bitcoin ATMs doesn't really help in increasing  adoption. I just don't think it can help a lot in increasing adoption. Maybe passers-by who will see ATMs might get curious about it but probably wouldn't try or use it.

I haven't seen an ATM for bitcoin here in my country. It would be fascinating to see one. But I don't think I would buy bitcoin using it... Though I want to see one in person.

[bryant.coleman]

With so many Bitcoin ATMs in existence and a growing user base, it is just a matter of time before the authorities turn their attention towards them. Already there were reports from Vancouver about the politicians accusing the ATMs as "money laundering vehicles". They have already forced the cryptocurrency exchanges to fall in line and the next target is going to be the Bitcoin ATMs. And in some of the third world countries (such as India), the ATMs have been banned all together.

[Zemomtum]

This will indeed increase the adoption base. Most people that are still doubtful will clear their mind when they can see ut openly on the ATM across the cities. Besides, there are still some countries that access to the internet is still a big deal, so ATM will bring BTC nearer to the less privileged people.

[Oasisman]

I have never seen nor experience how to use these ATM's, but I would be glad to try it in the future, yet I have the feeling that I have to stick on my local exchange for regular transactions, since ATM may have extra charge with every transactions more than my local exchange does.
On the other hand, ATM's will somehow expand the adoption most specially to those people who never turned their attention to crypto currency. Looking at the machine will make them think how this technology is conquering the financial aspects in the market, might as well make them get interested in crypto currency.

[mk4]

Though buying and selling bitcoin anonymously through some ATMs that doesn't require KYC and doesn't have CCTV cameras is great though.

Can you actually buy bitcoin anonymously at any of these ATMs?  How is that possible aside from feeding the machine cash?  I didn't think any of these things operated that way, but then again I've never used one.  I don't even know where the nearest one is to me.

I really have no idea, because I don't have first-hand experience either. Though I've read a multiple times on social media and on Reddit r/bitcoin that some ATMs really doesn't have CCTV cameras, and doesn't really require identification unless you're buying selling a bigger amount(probably $200? just my guess). This is most likely outside of the US though.

[oaz7t]

Not really. Last time I checked the condition was worst in India. They all ended up predicting that this will increase the black money adoption and no one knows why they started thinking in that way. I mean, bitcoin is just a digital currency with unconditional way of transacting (almost).

Few of the parts in India installed the ATM's and all of them were ceased by government by calling it as "Unregulated ATM's". Though India does not even covers any laws to regulate the digital money transaction properly. (Reference :https://www.business-standard.com/article/economy-policy/india-lacks-laws-to-protect-customers-of-digital-transactions-experts-116120300744_1.html)

But on the far side of earth, there are huge number of ATM's making things great in different way.

The balance should overflow the use of ATM's to make realise people that " Yes bitcoin is another dimension which is accessible "

[UVUcoinBull]

Our project believe in ATM with low fee ccuniverse. It should help people to buy Bitcoin and crypto without exchanges which are not so satisfied as they should! Many of it in non-english , non-asia countries are very low quality and not secure and not safe.
ATM are the way to ignore it and feel good with buying and selling crypto.

[NeuroticFish]

We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?   

I do like convenience, I even bought Bitcoin from ATM in the past, but now I would probably not buy anymore because there are plenty of other methods and ATMs usually have among the highest fees.

On the question from the title, I would also say no. People already know about Bitcoin. They think that's a risky investment and.. not much else.
I think that more shops showing "Bitcoin accepted here" would do better at this phase. A new wave of ATMs can come afterwards.

[nicecrypto]

To some extent yeah, I believe it will increase more adoption, having a btc atm around will most likely make people want to boycott the hassle of going to the bank and just opt for crypto, it will even increase the demand for crypto cards, and bring more people into crypto community.

[qwertyup23]

<snip...>
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?   

It depends but currently, the adoption for Bitcoin ATMs will have little to no effect.

The problem with ATMs are not the units but the transaction fees every time a person attempts to withdraw their bitcoins. Rather than using the ATMs, people would save more when they withdrew using other options provided in their respective local exchanges.
Just to give you an example, in the Philippines, there exist 2-3 bitcoin ATMs but no one seems to transact and use the machine. The adoption of every ATM will be the ideal scenario but until the fees are high, the implementation may only cause the opposite effect.