Crypto Atm

[aardvark15]

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

I thought there were already Bitcoin ATM’s in some locations. The great thing about these is that it gives people an easy way to buy a little bit of Bitcoin easily. Many people do not know how to obtain Bitcoins so this brings it to the masses.

[1714019802]

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[Lucius]

~snip~

How easy is to call someone stupid, and not really understand the question OP is asking. It is not about how much crypto ATMs are in the world, and where they are located, but about the very purpose of the same. If we go in the direction that Bitcoin can only be used if we change it to fiat, than this is very bad direction, in fact, we invalidate its true value ourselves.

However crypto ATMs have the function of buying coins, though most are only for sale of crypto. I can agree that this is still the most expensive way to buy/sell because of the high fees, and that there is a major liquidity problem on such devices. I have a few crypto ATMs in my country, but most of time people complain that they could not use them because they were defective, or there were no funds in them.

[el kaka22]

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

The crypto currency ATM's (or better known as BTM, Bitcoin Teller Machine) is not for cashing out paper money or anything related to fiat, it is there so you could cash out your bitcoins into fiat which doesn't mean bitcoin becomes fiat in that sense, it is only exchanged but there is still a BTM company that is holding that Bitcoin in that case, or it could be used to buy bitcoin which is exactly what the adoption should be for.

So, long story short BTM is usually for people who can't reach to local exchanges or want to get their KYC known so they do it secretly using a BTM. It is also great if you are in a country where you don't have fiat, or you have extra fiat which in case you could get local fiat or you could get bitcoin in exchange of local fiat when travelling to other nations.

[alexsandria]

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

Did you know that there are tons, mean thousands of bitcoin ATM out there. Some others are fully functional, and fully operating. However, the thing that must be worried is that such countries who are into crypto but doesn't have any of this must as well reconsidered this concern 'cause it will be definitely be helpful among crypto enthusiast, and it will serve as influence to non-crypto.

[inanilujimi]

For me crypto ATM is difficult to use and the value of the crypto value does not match the market price. So it is better to directly buy or sell in a local exchange rather than having to go to an ATM that is far away and takes a lot of time.

[Duzter]

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

I thought there were already Bitcoin ATM’s in some locations. The great thing about these is that it gives people an easy way to buy a little bit of Bitcoin easily. Many people do not know how to obtain Bitcoins so this brings it to the masses.

Buying of bitcoin out of ATM's weren't that simple, it seems to have complex process. Buying out of exchange costs less compared to the cryptocurrency Atm where the transaction fee is quite high. Globally we've large number of cryptocurrency ATM supporting different cryptocurrencies but those haven't got used much. On account of the same more ATM's were taken back by the firms that installed it.

[akmal1984]

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

Just because all this time we use ATMs with fiat money doesn't mean that crypto ATMs will make it fiat too. I understand you imagine that crypto ATMs will definitely be as stable as fiat. But why don't you imagine a stable coin crypto? has he ever been called fiat?

[stadus]

But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

Well, the purpose of ATH is to cash in to buy bitcoin and cash out to sell bitcoin, and cash out are more in demand as the adoption of crypto is still very small, we can't spend our Bitcoin for our basic needs since only few of businesses are accepting Bitcoin and massive adoption would only happen if there's a full regulation to the market which might take time.

[onyek16M]

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

i have been heard there is bitcoin atm in any country, but im sorry i forgot about which a country have
Personally, I think that, what the function of ATM ? transfer and withdraw the money ? transfer cryptocurrency can already be done with blockchain Technology.. then withdraw crypto can directly to the bank..  so in my opinion no need crypto atm because all the function of atm is already in crypto

[Qoheleth]

The only twisted part of it is that what most people request for is bitcoin in paper or coin form.

I miss Casascius

[Mahanton]

But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

Well, the purpose of ATH is to cash in to buy bitcoin and cash out to sell bitcoin, and cash out are more in demand as the adoption of crypto is still very small, we can't spend our Bitcoin for our basic needs since only few of businesses are accepting Bitcoin and massive adoption would only happen if there's a full regulation to the market which might take time.

You are right! Even though there were several ATM as of this moment in talks of Crypto but they cant really be compared on what a Fiat ATM could done.
Adoption is still on the move in crypto but it doesnt mean that we can already directly make use of it just like on what weve been doing with fiat.
For now only buying and cashing out would be the primary operation of these crypto atms.It will still takes time though if we do able to see further
usage.