Have you, or would you ever use a Bitcoin ATM?

[Alisha FR]

I often hear bitcoin ATMs in this discussion room. but I've never owned it, let alone used it as a transaction, I've never seen the shape. maybe I'm still in a place where there is no bitcoin ATM. however, if this were in my country, I would set up a bitcoin ATM for card collection and make it easier for me to send Bitcoins as gifts to my coworkers.

[jaberwock]

High fees when using bitcoin ATM can be true because if you read above, some users are also saying the same thing. Indeed it's not profitable if you will only depend on it or if you will use it as your primary source of buying bitcoin but they are good for emergency use only like you need bitcoin in an instant and the other sources that you use to buy bitcoin are currently not available.

I have never tried for once but I have always read reviews about it and also someone that talked about it once on this forum. The complaints has always been the high fees that are involved in making use of the ATMs. I haven’t gotten to see one yet, but if I should see one , the high fees might also be something that would discourage.

And you said in a situation where other sources that are being used are down and not available; I have never been in a situation where the sources that I have been using to buy and sell my Bitcoin has been down. I make use of Bitcoin or I also make use of local exchangers that do peer-to-peer trading.

[BD Crypto]

There is no Bitcoin Atm in my country because it's totally illegal to use any kind of Cryptocurrency. Hope soon Bitcoin will legal worldwide and we will be able to use crypto ATMs. But it's tough enough in my country.

[Webetcoins]

I have never tried for once but I have always read reviews about it and also someone that talked about it once on this forum. The complaints has always been the high fees that are involved in making use of the ATMs. I haven’t gotten to see one yet, but if I should see one , the high fees might also be something that would discourage.

And you said in a situation where other sources that are being used are down and not available; I have never been in a situation where the sources that I have been using to buy and sell my Bitcoin has been down. I make use of Bitcoin or I also make use of local exchangers that do peer-to-peer trading.

Same here, I also have never used the Bitcoin ATM before and I am not sure whether I am going to make use of it or not. It is something that really interests me that much to use. It is not available in my location, but that doesn’t mean it’s not in my country, it’s in a particular, but it still doesn’t interest me. So, if I am to see a Bitcoin ATM today, I don’t think there would be anything that would push me to make use of it.

First of all I mainly use Bitcoin for transaction, and I have no intentions withdrawing them from an ATM as cash or whatsoever, I just prefer that I have been using it and the ATM seems like one thing that I might never get to try, but if I do, it would be just for fun and getting to see how it works.

[dataispower]

but I believe that bitcoin ATMs have to get permission from the government and maybe they have implemented tax rebates and requests for personal data from every transaction on Bitcoin ATM.

i want to know you think that before Bitcoin ATM machine operate. It has to obtain permission from government, it is people that values bitcoin can buy the machine and plant it in especial place were people bitcoin will transact with, and this should happen this way i suggest for the country that did not implement cryptocurrency in their country. Besides Bitcoin machine should be programmed machine like bank transaction machine, all the charges will be programmed to the system for the benefit of the programers and their person who planted it.

[Anonohmon]

There is no Bitcoin Atm in my country because it's totally illegal to use any kind of Cryptocurrency. Hope soon Bitcoin will legal worldwide and we will be able to use crypto ATMs. But it's tough enough in my country.

The bitcoin community needs to fund a way for people in countries where it is illegal to be able to buy it. Like what's the point of bitcoin if it can be banned?

[ginsan]

I often hear bitcoin ATMs in this discussion room. but I've never owned it, let alone used it as a transaction, I've never seen the shape. maybe I'm still in a place where there is no bitcoin ATM. however, if this were in my country, I would set up a bitcoin ATM for card collection and make it easier for me to send Bitcoins as gifts to my coworkers.

Bitcoin ATM are not yet fully available in several countries because maybe a country is not ready to accept Bitcoin ATM in its country.
In my country, there are several places that already have bitcoin ATM, but they are very far from where I live, which makes me want to be curious about the form of a bitcoin ATM and how to use it. Regardless I think someday I'll try using a Bitcoin ATM if one is available in the area closest to where I live.

But I see that there is a significant development for developed countries to have many ATM in their countries such as the USA, CADANA, UK and AUSTRALIA and I also found a thread about the development of BITCOIN ATM in this part of the world
https://bitcointalk.org/index.php?topic=5258364.0

[Farma]

So far, there are no Bitcoin ATMs in the location that I have. however, if there is, I might consider the fee. besides that, in my country bitcoin is prohibited from being used as currency, or a medium of exchange, and is only allowed as an investment. so, I think it is very unlikely that a Bitcoin ATM can exist in my location. besides, there are not that many crypto users, so I think it will take a very long time before I can give it a try. Anyway, I want to know the feeling when using Bitcoin ATM. it must be awesome.

[erep]

Bitcoin ATM are not yet fully available in several countries because maybe a country is not ready to accept Bitcoin ATM in its country.
In my country, there are several places that already have bitcoin ATM, but they are very far from where I live, which makes me want to be curious about the form of a bitcoin ATM and how to use it. Regardless I think someday I'll try using a Bitcoin ATM if one is available in the area closest to where I live.

You are lucky to live in a country that has Bitcoin ATMs in several locations, which means that cryptocurrency regulations in those countries are crypto-friendly and bitcoin ATMs are added at other points if crypto users increase, even though their use complies with government regulations.

Other developed countries are currently still monitoring economic developments in countries that have bitcoin ATMs and reviewing the number of crypto communities in their countries, but it is possible that in the next few years more and more bitcoin ATMs will spread to other developed countries.

[BVeyron]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

Bitcoin ATM is a good thing, but I think that there are some problems with exchange rates. The other problem of such devices is that there are not many of them, so it's impossible to find one in most locations, while money is usually needed instantly...

[KiaKia]

I've seen Bitcoin ATMs only in videos from friends that are living in foreign countries, not in person but I would love to give it a try someday, I think the transaction fee will be the same just as when you are sending Bitcoin from your crypto wallet, unless there are some extra charges that I don't know about.

The Bitcoin transaction fee presently is looking good enough and you can get away with a cheaper feel depending on the time of operation because for example I sent Bitcoin to exchange yesterday using $0.80 and today it's $0.56 so you see that it's always lower and higher too.

It is unlikely that all countries will have Bitcoin ATMs as Bitcoin is not yet legalized globally, something that may never happen in the future, maybe we will have a Satoshi island or nation where Bitcoin is the sole currency someday, that will be good for tourism where crypto lovers and adopters will love to visit, how crazy is this?

[yohananaomi]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

Bitcoin ATM is a good thing, but I think that there are some problems with exchange rates. The other problem of such devices is that there are not many of them, so it's impossible to find one in most locations, while money is usually needed instantly...

it seems that a bitcoin ATM may indeed be needed, but it is also necessary to pay attention to the security factor of the ATM. but for me, it's not too important because of the need for transactions, because most of them are done with other banking products. it is also true that there is still not much availability, not to mention the exchange rate that must be done first, it seems that there are still many who need local money for transactions that are very necessary compared to bitcoin ATMs.

[adzino]

I've seen Bitcoin ATMs only in videos from friends that are living in foreign countries, not in person but I would love to give it a try someday, I think the transaction fee will be the same just as when you are sending Bitcoin from your crypto wallet, unless there are some extra charges that I don't know about.

The Bitcoin transaction fee presently is looking good enough and you can get away with a cheaper feel depending on the time of operation because for example I sent Bitcoin to exchange yesterday using $0.80 and today it's $0.56 so you see that it's always lower and higher too.

It is unlikely that all countries will have Bitcoin ATMs as Bitcoin is not yet legalized globally, something that may never happen in the future, maybe we will have a Satoshi island or nation where Bitcoin is the sole currency someday, that will be good for tourism where crypto lovers and adopters will love to visit, how crazy is this?

You are going to be surprised when you will be seeing the fee lol. The exchange rate is the worst you can find. You have to pay exchange fee and then the "operator" fee. So all together you will be spending extra 5%-10%(in extreme cases) in fees. People use to still use it before because, you didn't have to verify yourself and you could instantly withdraw cash up to certain amount each day without providing any identity. But eventually, all ATMs started to ask for IDs and stuffs, so I don't know why anyone would want to use one, unless it is extreme emergency for them to have cash.

[nullama]

I've seen Bitcoin ATMs only in videos from friends that are living in foreign countries, not in person but I would love to give it a try someday, I think the transaction fee will be the same just as when you are sending Bitcoin from your crypto wallet, unless there are some extra charges that I don't know about.

The Bitcoin transaction fee presently is looking good enough and you can get away with a cheaper feel depending on the time of operation because for example I sent Bitcoin to exchange yesterday using $0.80 and today it's $0.56 so you see that it's always lower and higher too.

It is unlikely that all countries will have Bitcoin ATMs as Bitcoin is not yet legalized globally, something that may never happen in the future, maybe we will have a Satoshi island or nation where Bitcoin is the sole currency someday, that will be good for tourism where crypto lovers and adopters will love to visit, how crazy is this?

Bitcoin ATMs are actually quite handy when traveling abroad.

You can get local fiat from your "international wallet" aka Bitcoin. It's a great solution for the time being while most countries still not have Bitcoin as legal tender.

[BenCodie]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

It isn't safe, it's cost-inefficient and if you have an alternative (which everyone does) then use the alternative.

The alternative?
P2P markets like AgoraDesk, which allows you to trade Bitcoin to-and-from for cash, gift cards  and more. The fee is 50-80℅ lower than Bitcoin ATMs, so it's a no brainer to try P2P marketplaces before using an ATM.

In terms of safety, P2P is a lot safer than how ATMs go about their operation.

[serjent05]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

It isn't safe, it's cost-inefficient and if you have an alternative (which everyone does) then use the alternative.

The alternative?
P2P markets like AgoraDesk, which allows you to trade Bitcoin to-and-from for cash, gift cards  and more. The fee is 50-80℅ lower than Bitcoin ATMs, so it's a no brainer to try P2P marketplaces before using an ATM.

In terms of safety, P2P is a lot safer than how ATMs go about their operation.

It is also inconvenient since I have to go out of the safety of my house just to convert my Bitcoin to fiat or vice versa when I can just transact online using either centralized or decentralized exchanges.  Besides micro payment processing apps have cryptocurrency features where we can exchange and convert fiat and crypto accordingly.

[yat97]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

Long as they're not the type that asks for ID. Yes. It's the only bitcoin I buy because KYC is very bad to go through to buy bitcoin.

Don't ever give your ID.

[yat97]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

It isn't safe, it's cost-inefficient and if you have an alternative (which everyone does) then use the alternative.

The alternative?
P2P markets like AgoraDesk, which allows you to trade Bitcoin to-and-from for cash, gift cards  and more. The fee is 50-80℅ lower than Bitcoin ATMs, so it's a no brainer to try P2P marketplaces before using an ATM.

In terms of safety, P2P is a lot safer than how ATMs go about their operation.

It is also inconvenient since I have to go out of the safety of my house just to convert my Bitcoin to fiat or vice versa when I can just transact online using either centralized or decentralized exchanges.  Besides micro payment processing apps have cryptocurrency features where we can exchange and convert fiat and crypto accordingly.

I am always worried about being scammed on sites like that. The ATM gives you bitcoin when you put in money. What if someone says they didn't get your payment? But you already mailed out the money?

[AmoreJaz]

I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

It isn't safe, it's cost-inefficient and if you have an alternative (which everyone does) then use the alternative.

The alternative?
P2P markets like AgoraDesk, which allows you to trade Bitcoin to-and-from for cash, gift cards  and more. The fee is 50-80℅ lower than Bitcoin ATMs, so it's a no brainer to try P2P marketplaces before using an ATM.

In terms of safety, P2P is a lot safer than how ATMs go about their operation.

It is also inconvenient since I have to go out of the safety of my house just to convert my Bitcoin to fiat or vice versa when I can just transact online using either centralized or decentralized exchanges.  Besides micro payment processing apps have cryptocurrency features where we can exchange and convert fiat and crypto accordingly.

i guess, that's the main reason why BTC ATMs are not popular even to long-time crypto users. nowadays, it is so easy to access via online trading platforms, and you can easily transfer it to your bank accounts if needed. most are just for experience purposes only why some are trying to use the bitcoin ATM. even the p2p is already very accessible online like binance p2p, and you're lucky if they are supporting your fiat currency because you can easily transfer it to your account. but if btc ATMs will find a way to lower their fees, maybe, some will continue to use their services.

[Bitcoin_people]

I have never seen a Bitcoin ATM machine before. Bitcoin is not accepted at all in the country I live in. For which no bitcoin or crypto is transacted in my country. Bitcoin is not officially legal in my country which is why there are no Bitcoin ATM machines either. But currently Bitcoin ATM machines are being used in different parts of the world. It's very easy and cool to trade Bitcoin in different ways through ATM machines although I've never done it.  But I have a dream that one day I will use Bitcoin ATM and fulfill my feelings.