Can more ATM's increase adoption for Bitcoin?

[The Cryptologist]

Yes, because its exposure will help to  convince people who will see it like it will be the norm in the future and they would definitely check it out if they haven't even heard of bitcoin. But that adoption is not huge as what I think it is average people don't frequently go to atm's and some will do transaction once every month to get their salary. Blockchain and wallets on popular brand of smartphones is still one of the best and key factor to increase adoption rapidly.

[DoublerHunter]

Probably it will have an effect of adoption but just a little, crypto enthusiasts probably now how the cost of transaction fee on ATM's machine and I dunno if they prefer to use this ATM's machine or in a convenient way on a local exchange which very fast. It will bring exposure but I don't think about increasing the adoption. Nevertheless, there are too many local exchanges now that you can buy and sell bitcoin at a lower price cost. But who knows after how several years ATM machine are everywhere we can use.

[FlamingFingers]

More bitcoin ATM will go a long way in hasten the adoption of bitcoin. If only this can be put in place, more points of acceptance will be awesome,  I believe that all this is gonna be a talk by in future because we are still early stage and bitcoin still got a long way to go

[Artemis3]

There are plenty of Bitcoin ATMs lying around. Practically every major city has several Bitcoin ATMs in quite convenient locations.

However, I don't think that these are the way forward. We need integration with a major chain or retailer in order to truly spur adoption.

In fact, if we could get a huge retailer providing a discount for paying in Bitcoin, that would probably do a huge amount for adoption.

When a bank embraces bitcoin and becomes payment processor or exchange, and adds bitcoin to their regular ATMs, then they may become more attractive. In the meantime, internet is the best source of bitcoin.

The other way is when the exchange becomes bank like, and starts handling fiat. But there is so much regulation, so i don't know if the likes of Coinbase could set up ATMs. Thing is an ATM is a type of exchange from to fiat, and the fiat handlers are those banks.

I see little point for Bitcoin ATMs at the moment, again, maybe if the banks finally embrace bitcoin, which i think will start happening sooner or later anyway.

[gentlemand]

However, I don't think that these are the way forward. We need integration with a major chain or retailer in order to truly spur adoption.

In fact, if we could get a huge retailer providing a discount for paying in Bitcoin, that would probably do a huge amount for adoption.

It would have to be a HUGE discount to spur otherwise indifferent people into taking the plunge, and even then one bad morning's market action and whatever discount they thought they were getting can be wiped out and then some before they spend it.

I'll guess most retailers are on such thin margins there's no way they could afford to offer anything that would compel people to look deeper.

Retail is a dead end. If it ever does happen it's going to be the final thing to fall into place, not one of the first. People who already own it don't want to spend it. People who are yet to arrive won't have the slightest interest in buying something so they can buy something else.

[bright4mech]

This a very good one, by sharing the ATM Machine picture, and that we create many people into crypto, by investing trading etc,
Therefore bitcoin is a digital asset, nothing much to say is that bitcoin is real money in a digital form.

[leowonderful]

I've actually used several of these over the years I've been active using Bitcoin. Fees can be somewhat high for selling and buying, though, so watch out. CoinATMRadar shows fees for the kiosks and ATMs around you, and they can vary from something like 6% to even 13-15%. Many of the ATMs I've spotted in the U.S don't require any sort of verification for smaller sums of money and then perhaps some form of I.D over that amount. Pretty convenient if you want some Bitcoin quick, but you don't want to go through KYC.

I do believe these are increasing adoption for Bitcoin at least somewhat, but likely not by much.

[meanwords]

ATMs does increase adoption and helps advertise Bitcoin to the public. To be honest, I wouldn't use ATM because anything could happen. I don't want people knowing that I have cryptocurrency in me. There's a lot of news and things going on around that cryptocurrency owners are getting kidnap or something like that. Using ATM risk my security.

Nonetheless, it helps with the adoption in my opinion.

[rdbase]

They certainly can promote adoption! This is from a post I made a while ago with a crypto atm located in the middle of nowhere in the jungle of central america!

This has to be the most remote location for one of these atms to be located in the middle of the jungle of central america.

https://www.reddit.com/r/mildlyinteresting/comments/807wnk/this_bitcoin_atm_in_the_middle_of_the_costa_rican
But I can still see people using it since it is a tourist destination and if they can get it powered by electricity then it has to be near some sort of resort.
Dont know if it is on the atm locator as some users have mentioned with most of them being on a map to find where the closest one to you might be.

[Reid]

Out of curiosity then Yes.
I have never tried one and I will be willing to sacrifice a minimum amount to deposit if ever there is just so to try this out.
But, with the second one, I doubt I will do it again specially if there is a fee which is higher than any exchange where you could also deposit at a better price difference.
We know there is a huge difference already with the buy and sell amount and this might also have the same thing with just a different number and could be expensive.

[CryptoBry]

Generally speaking, Bitcoin ATMs can be helping a lot towards more adoption and usage of cryptocurrency. Plus, ATMs can be good advertising tool for the said coin and cryptocurrency as a whole. Now, I am not saying that we should only rely on this tool but certainly there is no question these machines can be contributing as we are here talking about fast and easy access to either buy or convert Bitcoin. I am even hoping that here in my country there can be more additional of these machines especially in bigger cities where the populations are more than a million.

[EdvinZ]

Certainly, the more there will be Bitcoin ATMs in the world, the greater will be the distribution of digital currency. It’s more convenient for some people to buy something offline. In addition, the ATM itself, installed in a crowded place, is a direct advertisement of Bitcoin.

[bitbunnny]

I'm not sure. At the begininig Bitcoin ATMs were very popular and in short period of time couple of them emerged in my country.
But these days people have more ways to get Bitcoins not to get out of the house so I think ATMs are losing popularity. I'm not saying we don't need them but I don't think they might influence addption significantly.

[jrrsparkles]

For sure it will be helpful for the people to identify what is bitcoin but it is not the most convenient way to buy bitcoin when you are in need of huge amount of bitcoin or having fiat of other country.

[boris2470]

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

I have never used a Bitcoin ATM to buy coins. I know there is a more inflated BTC price than on the exchange. However, for regions like Venezuela, Argentina, Africa, this is a necessary way to buy BTC.

[shoreno]

why almost any bitcoin atm's that i see are seem to be dusty or look old ? and also they are only being placed on a not orgainzed area ? but i know not all are doing like that but seeing some that are only being treated like this always breaks my heart . sorry for emoting but by the way to answer the topic , i dont think that btc atm's can increase adoption  . its useless if there are btc atm's but people dont have a cash to afford a btc although this atm can bring convinience which is still helpful afterall .

[romero121]

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

I have never used a Bitcoin ATM to buy coins. I know there is a more inflated BTC price than on the exchange. However, for regions like Venezuela, Argentina, Africa, this is a necessary way to buy BTC.

Buying bitcoin through ATMs costs high than buying through an exchange. This is all because of the implementation cost and other regular service charges that needs to be paid to render good service. These were collected out of the transaction cost, and countries like Venezuela are in hard economic crisis. Implementing ATMs will help them get an alternate way to secure themselves and this could increase the usage and adoption level.

[cheezcarls]

I did made a transaction in a Bitcoin ATM before in a Singapore mall. I do believe that these Bitcoin or cryptocurrency ATMs are regulated. For now, we are still very far away from massive adoption even with the rise of Bitcoin ATMs worldwide.

But not a bad start either too, it’s just that people need to be aware about Bitcoin. It only has little impact right now, as most people would prefer cash than paying in crypto. The only way for people to finally shift into Bitcoin is by keep educating them about the real use cases and not focusing on the negative news being published by the media.

[shark1006]

https://i.ibb.co/WBgt52n/bitcoin-atm-vietnam.jpg

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

I do not use Bitcoin ATMs, I find it dangerous to use physical replenishment. Better use the services of an exchange or online wallet

[nienzer]

It does makes you wonder who is the target audience?

I think the target audience are beginners who want to get Bitcoin for cash for sure.