Bitcoin ATMs normalizing Cryptocurrency

[DreamStage]

The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin in the eyes of the public.

There are now 6,387 Bitcoin ATMs around the world. This time last year, according to figures taken from CoinATMRadar, the number was just 4,102.

Full Source here

Such good movement so that more people joins Bitcoin market and potential investors enters the trend.

This is probabily a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future.

It's something happening right now people, join the Hype Train

What more positive signs you think this brings to our Community and your friends, family members?

[pushups44]

Yes, I think the growth of bitcoin ATMs is a sign of healthy adoption of the cryptocurrency, so we should monitor it from time to time. ATMs can only grow in number with an increase in actual demand. Also, as the number of ATMs grows, perceptions regarding the liquidity and legitimacy of bitcoin improve. Another healthy sign for bitcoin is that we are seeing its increased use and integration among mainstream financial institutions and investors.

Here is another useful source on the growth of bitcoin ATMs:

https://cointelegraph.com/news/bitcoin-atms-worldwide-hit-new-milestone-surpassing-6-000

[aoluain]

Yes the oresence of Bitcoin ATM's can help normalise Crypto particularly Crypto.

Its exposure along with the introduction of Bitcoin wallets pre installed on new
mobile devices which let people know its ok, normal and not a negative thing
to own or play with Bitcoin.

https://www.google.com/amp/s/www.theverge.com/platform/amp/2019/2/25/18233131/samsung-galaxy-s10-bitcoin-cryptocurrency-wallet-features

While the transaction rates are quite high by using the ATM's im not sure how
much usage they get but they can offer a certain level of anonymity.

[bitcoin_paypal]

They will be useful only then they will have normal fees

[sovie]

Yes the oresence of Bitcoin ATM's can help normalise Crypto particularly Crypto.

Its exposure along with the introduction of Bitcoin wallets pre installed on new
mobile devices which let people know its ok, normal and not a negative thing
to own or play with Bitcoin.

https://www.google.com/amp/s/www.theverge.com/platform/amp/2019/2/25/18233131/samsung-galaxy-s10-bitcoin-cryptocurrency-wallet-features

While the transaction rates are quite high by using the ATM's im not sure how
much usage they get but they can offer a certain level of anonymity.

They have high fees that's why they are not preferred. Secondly these ATMs have cameras and finger print system installed so visiting these ATMs will be like giving your ID to atm operator.

[SummerBliss]

I agree to the point that it won't increase the adoption but could help in normalizing it among the public.
People are not using cryptos as a payment option. The utility factor has not been explored that much. Cryptos are more being preferred as the alternative investment option and for that these ATMs are of little or no use.
The increase in the number of btc ATM is indeed a good sign but it won't change much.

[joelsamuya]

This is probably a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future. It's something happening right now people, join the Hype Train What more positive signs you think this brings to our Community and your friends, family members?

Certainly, Bitcoin ATMs all around the world is not just a machine where people can be converting their Bitcoin into cash but also a good way to spread more consciousness on this top cryptocurrency. In our modern world, brand visibility is always a very important equation in marketing. Since Bitcoin has no special department handling branding and marketing of its name, maybe these ATMs can do the job. However, more than these ATMs, what we also need are more merchants accepting Bitcoin into their daily business and equally more and more people using Bitcoin for daily transactions.

[pushups44]

I agree to the point that it won't increase the adoption but could help in normalizing it among the public.
People are not using cryptos as a payment option. The utility factor has not been explored that much. Cryptos are more being preferred as the alternative investment option and for that these ATMs are of little or no use.
The increase in the number of btc ATM is indeed a good sign but it won't change much.

The exponential rise in bitcoin ATMs won't change much? I don't understand. The growth of bitcoin ATMs is a sign of increasing usage, even if people are hoarding it. It just seems like basic finance to me that by increasing access to financial tools, you thereby increase their actual usage.

I agree that we have a long way to go before bitcoin goes mainstream, but this is a sign of growing interest and usage. Arguably, we are in the early stages of a financial revolution.

[Asmonist]

Definitely it indicates a good feedback for bitcoin. It signifies that bitcoin is slowly being accesible and acceptable to everyone. Its really a good sign that it will be going out more soon. We know that if there are bitcoin ATM we can access our crypto funds on the most nearest atm we can get.

[Blitzboy]

In my country, there have been several bitcoin ATMs, but recently, when the law changed, Bitcoin was banned in commercial transactions, they were removed. I really regret it. If Bitcoin had not had an outbreak 2 years ago, I think they would not be banned

[smyslov]

The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin in the eyes of the public.

There are now 6,387 Bitcoin ATMs around the world. This time last year, according to figures taken from CoinATMRadar, the number was just 4,102.

Full Source here

Such good movement so that more people joins Bitcoin market and potential investors enters the trend.

This is probabily a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future.

It's something happening right now people, join the Hype Train

What more positive signs you think this brings to our Community and your friends, family members?

That's a good sign actually, people still think  that Bitcoin is a Ponzi scheme, when it's not and the presence of the ATM will have them think otherwise, I believe it's part of the adoption, and an important part of adoption, we expect that the number of ATM double within a three year period, by then the coming halving will now have an effect in the industry.

[X-ray]

In my country, there have been several bitcoin ATMs, but recently, when the law changed, Bitcoin was banned in commercial transactions, they were removed. I really regret it. If Bitcoin had not had an outbreak 2 years ago, I think they would not be banned

it's usually the government that hinder the growth of technology because of fear their economic being torn apart by "alien" entity like crypto although in rather developed countries they are more welcoming to a new technology because most of them have education and the government ups have bigger brain.

[leea-1334]

I do not know how true this is. I saw a lot of Bitcoin stickers for a long time now and the public still normalizes it as a scam or pyramid scheme just because of the way those stickers were put up. And now with ATMs, they get installed, collect dust and nobody uses them it could be a bad impression.

Maybe that is not the case in USA but here Bitcoin ATMs still do not have a good reception.

[bounceback]

The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin in the eyes of the public.

There are now 6,387 Bitcoin ATMs around the world. This time last year, according to figures taken from CoinATMRadar, the number was just 4,102.

Full Source here

Such good movement so that more people joins Bitcoin market and potential investors enters the trend.

This is probabily a good way for advertising Bitcoin and say to people it's the most important cryptocurrency coin and it's going to become even bigger in the future.

It's something happening right now people, join the Hype Train

What more positive signs you think this brings to our Community and your friends, family members?

although if we look at the current bitcoin ATM continues to grow rapidly in every country, but I don't think that this is a sign that mass adopters will arrive soon because the bitcoin ATM machine still has many shortcomings to be used by the crypto community, such as higher payment fees when compared to using the web exchange market and problems with the availability of cash from this machine, there is no refund for every transaction we make.

[Soots]

to this day I only know about bitcoin ATM machines to buy or exchange our cash for bitcoin, is there a bitcoin ATM machine available for cash withdrawals ? so we can travel abroad without bothering thinking about exchanging money in the country we visit.

Foe now I can hear some places around the world that used BTC atm right now, and that's particular at Western countries. Bitcoin's adoption is barely growing and became so popular to people who loved to use cryptocurrency. Exchanging fiat money to digital currency is a rampant activities which gain commendable experience, and I guess everyone appreciated the benefits of it.

[DdmrDdmr]

<...> is there a bitcoin ATM machine available for cash withdrawals ? <...>

You can use https://coinatmradar.com , and play around with the filters on the left side of the world map of ATMs. Filter by "Bitcoin" and "sell" (operations) and you’ll see the list (which may not be all the up-to-date one would like) of ATMs that support sell type operations. Flick the filter between "buy" and "sell" to see the difference in numbers between the two types of operations.

[lepbagong]

Number of bitcoin ATM still few in the world and some country do not have bitcoin ATM and why many countries still not legal using bitcoin as payment currency transaction, I think when bitcoin have support with many ATM around the world will get positive respond from many people to accept bitcoin as payment transaction.

Many countries are not ready to accept Bitcoin so they are also reluctant to make Bitcoin ATMs. We need to give Bitcoin ads to the people around us, so they can understand about the world of Cryptocurrency. When people begin to understand, then a Bitcoin ATM will be easy to make.

many developing countries understanding about bitcoin also only hears and does not know in detail, because it is clearly not lacking information but indeed because the internet network is still constrained. so that there are still many developing countries that have not recognized bitcoin, let alone to become a legitimate transaction tool. clearly the existence of ATM is not needed and is not yet useful to them, they are still accustomed to transactions with fiat. still need time so that bitcoin can become a recognized medium of exchange.

[Youghoor]

Personally, I don't really believe that Bitcoin ATMs are normalizing the use of cryptocurrency. The only way normalization of cryptocurrency or Bitcoin to be specific can happen when the entire world gain the exact understanding of what Bitcoin and cryptocurrency are and their relevance in the financial ecosystem. Without understanding and knowledge, mass adoption of the use of Bitcoin and cryptocurrencies can never happen. The entire world is confused of what cryptocurrencies are.

[magneto]

I don't believe it's the case. Bitcoin ATMs around my area do not seem popular at all, and the models that are present around my area seem to worth around 20,000 USD or something. I highly doubt that the ones around my area are making a lot of profit, especially with maintenance fees (and keep in mind that this area is basically the business district of my city).

Most investors will rarely use ATMs. They charge horrific spreads and using exchanges, or other P2P platforms are a lot cheaper, and sometimes more convenient for people.

Personally I think it comes down to Bitcoin, itself seeing a lot of growth during the years, and then people trying to jump on the bandwagon and profit off ATMS.

I'd like to see an exact number/percentage to how much ATMs make per transaction, and how much they've made.

[kryptqnick]

I don't believe it's the case. Bitcoin ATMs around my area do not seem popular at all, and the models that are present around my area seem to worth around 20,000 USD or something. I highly doubt that the ones around my area are making a lot of profit, especially with maintenance fees (and keep in mind that this area is basically the business district of my city).

Most investors will rarely use ATMs. They charge horrific spreads and using exchanges, or other P2P platforms are a lot cheaper, and sometimes more convenient for people.

Personally I think it comes down to Bitcoin, itself seeing a lot of growth during the years, and then people trying to jump on the bandwagon and profit off ATMS.

I'd like to see an exact number/percentage to how much ATMs make per transaction, and how much they've made.

I encountered an article just yesterday that explained that the vast majority (70% or something) or Bitcoin ATMs are located in North America. This means that while the data about the number of ATMs is accurate, it can only help in the US and Canada to make Bitcoin seem more normal if ATMs help with that at all. In my country, some ATMs exist but it's not like people are actually using them. Moreover, I don't think ATMs help to normalize Bitcoin since they push people who have BTC to sell it for fiat, rather than encourages people to find ways of spending Bitcoin on goods and services.