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

[MCUKing]

But, yeah, BATMs are likely to attract less usage, if people perceive that they have other (and even better) options in regards to fees - and fees would not be the ONLY factor.. but surely KYC and even some of the security concerns of going to a BATM, then there is some element of potentially being known, found out or even followed (so various costs/risks to account for rather than merely accounting for fees)

Exactly i have never heard someone using ATM to buy Bitcoins and Withdraw money using ATM, most of the times may be some of them try ATM's to just experience that particular option, I can surely say that not even 1% of people who use BATMS are going to be regular ones.  

Also as you this facility is not widely available as well, particularly on local scale there are just few countries offer such facilities because Bitcoin is not at all accepted as legal tender in most of the countries still the activity related to crypto or Bitcoin in these countries is based on the P2P and DEX's.  

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[darkv0rt3x]

I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!

[demonica]

I have never used a bitcoin ATM machine before but I always feel like crying or not unfortunately the opportunity last never arrive although I would like to say that bitcoin ATM doesn't really matter much because it is clear that bitcoin can never replace Fiat currency so

I expect less countries to install bitcoin ATM anyways because it's not widely accepted as means of payment, even most Bitcoin investors don't see a big reason to use a Bitcoin ATM,. Another worrying part of Bitcoin ATM machine is the transaction fee there will always be an extra charges when you use any ATM machine or maybe I'm just wrong?

I would like to know more about this anyway if anyone can drop my information if users are going to spend more money on the transaction because they're using a bitcoin ATM machine then it will make less of sense to them.

I've never used nor seen Bitcoin ATM personally. But if ever I will see one, I probably won't use it either. Most likely that those who wants to try to use Bitcoin ATM are just for experience. But after one experience, they probably won't use it that much. The ATM isn't really convenient since you can make transactions on your phone instead of using Bitcoin ATM. Also, paying a high transaction fee isn't really worth it for most users.

It's been quite a long time since I first heard about Bitcoin ATM and until now, there are only few machines installed in our country, and I don't even know how is it going. It's just great to have a machine installed somewhere with a lot of passerbys, displaying the name and logo of Bitcoin that might caught other people's attention.

[JayJuanGee]

But, yeah, BATMs are likely to attract less usage, if people perceive that they have other (and even better) options in regards to fees - and fees would not be the ONLY factor.. but surely KYC and even some of the security concerns of going to a BATM, then there is some element of potentially being known, found out or even followed (so various costs/risks to account for rather than merely accounting for fees)

Exactly i have never heard someone using ATM to buy Bitcoins and Withdraw money using ATM, most of the times may be some of them try ATM's to just experience that particular option, I can surely say that not even 1% of people who use BATMS are going to be regular ones.  

Well.. usually at any given time, a person is going to be on one side of the trade.. they are looking to buy BTC and they might be shopping around for options or contacting people or looking at registering on an exchange, and if they have a BATM available then they might look at the prices (including fees) and decide if that might be a good option for them.

At some later point down the road, they might be interested in selling, and they may or may not be in the same location.. .whether they need cash or if they might want to purchase something that is not being sold in BTC.

Also as you this facility is not widely available as well, particularly on local scale there are just few countries offer such facilities because Bitcoin is not at all accepted as legal tender in most of the countries still the activity related to crypto or Bitcoin in these countries is based on the P2P and DEX's.  

Sure, you have suggested that Bitcoin does not need to be accepted as legal tender in order for people (and/or businesses) to decide to transact in it, and the extent to which local regimes are hostile to bitcoin, then the transactions may or may not be able to be done openly or maybe they have to be done secretively.  It seems that even regimes who crack down on an activity may well not be successful in discouraging everyone from engaging in such activity.. including something like money or bitcoin that has already been built to be resilient to governmental (and other kinds of) attacks.. and sure, the attacks still might take place, but people also might decide to go underground with their activities, or even further tools can end up being developed so that people might still choose to transact in bitcoin - and surely we are at a state in which there is some governmental interest in clamping down on bitcoin, but governments are made of people and people do not always agree on policy directions including that there might be some friendliness towards bitcoin, and we are witnessing those kinds of disparate government policies and practices in current times.

[Agbe]

I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!

Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.

[DaNNy001]

I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!

Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.

Well I won't say I have seen or used any BATM,  but with the videos I have watched about the tutorials on how the BATM works I think I can draw a conclusion that the used of the BATM is pretty secure and safe. Especially with the BATM thats deals with QR code scan. I would love to try out one someday maybe in means of buying bitcoin but the major factor is that the machine's are pretty limited and only few personal business have these installed in their firm seeing that the use of bitcoin is still somehow prohibited in the region.

[darkv0rt3x]

I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!

Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.

Yea, about the card security. And not only. We also need to trust that the ATM will not do anything shady under the hood. I like more the p2p way or some apps like peach, relai or some such! They are not kyc free but are way better than using exchanges with non-custodial wallets!

I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!

Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.

Well I won't say I have seen or used any BATM,  but with the videos I have watched about the tutorials on how the BATM works I think I can draw a conclusion that the used of the BATM is pretty secure and safe. Especially with the BATM thats deals with QR code scan. I would love to try out one someday maybe in means of buying bitcoin but the major factor is that the machine's are pretty limited and only few personal business have these installed in their firm seeing that the use of bitcoin is still somehow prohibited in the region.

I never blindlessly trust anything regarding 3r party services! I mean, it seems secure, but we never know when there is something shady going on under the hood! Andd still, the major factor are probably the fees. We now have pretty high network fees due to ordinals crap and etc, and don top of that there will also exist the service fees!

[taufik123]

Well I won't say I have seen or used any BATM,  but with the videos I have watched about the tutorials on how the BATM works I think I can draw a conclusion that the used of the BATM is pretty secure and safe. Especially with the BATM thats deals with QR code scan. I would love to try out one someday maybe in means of buying bitcoin but the major factor is that the machine's are pretty limited and only few personal business have these installed in their firm seeing that the use of bitcoin is still somehow prohibited in the region.

It would be quite memorable if you could use a Bitcoin ATM Machine. I have also never used one because it is not available in my country.
In the past, it may have been available, but now it's gone because of some rules that prohibit the use of Bitcoin ATM Machines.

You can easily see where Bitcoin ATM machines are available on this website:
https://coinatmradar.com/

There are about 36150 Bitcoin ATMs available, but I don't know if that is a valid number or not.
But there are already 72 countries that use it, there is a MAP that shows the location of each Bitcoin ATM installed.

[panganib999]

None here that's available or that I know of, so I haven't really used a bitcoin ATM all my life. Would like to try it at least once though, if not for the fact that I've heard circulating stories about these bitcoin ATMs becoming the new brooding ground for thieves who go out there stealing your info and in turn your crypto. So as much as I abide by the YOLO motto, and as much as I would like to use a bitcoin ATM for the same reasons, I don't think it's that worthy risking all my investments just so I could experience it one time.

I don't see it as something that would see much use either, at least for now. Global adoption hasn't arrived yet and would likely not arrive within our lifetimes if the current rate at which bitcoin is accepted by the public and the government is followed, but no matter. All I'm saying is that it's not as major or as beneficial as others make it out to be, as it stands today, these ATMs are more like a gimmick rather than a usable item.

[JoyMarsha]

In the future, perhaps, yes. If I get my hands on a bitcoin ATM, I'll try to utilize it, but it will depend on the costs that are assessed. I will happily use it if the fee for each transaction is less than $2, but if it is more than $2, I won't force myself to use it. It is preferable for me to stick with the one am used to than to spend extra money in the name of using a bitcoin ATM when I can't actually touch or feel the bitcoin itself outside of the transaction.

[nullama]

In the future, perhaps, yes. If I get my hands on a bitcoin ATM, I'll try to utilize it, but it will depend on the costs that are assessed. I will happily use it if the fee for each transaction is less than $2, but if it is more than $2, I won't force myself to use it. It is preferable for me to stick with the one am used to than to spend extra money in the name of using a bitcoin ATM when I can't actually touch or feel the bitcoin itself outside of the transaction.

Yeah, for normal day to day living I don't think it's that great.

But if you are visiting a foreign country, the ATM fees from your bank might even be larger than the Bitcoin ATM fees in some cases.

[sulendra12]

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?

I'd refrain to use it, people would know about me using Bitcoin for the "privacy" things and it would make some sort of attraction because it's a rare thing for people to use that ATM in the first place. Also in here, Bitcoin is still illegal as a payment processor so Bitcoin ATM won't be released in the future for long time. I'd just do it at home whenever I want to withdraw some Bitcoin to my bank account, it's much easier.

[xSkylarx]

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?

I'd refrain to use it, people would know about me using Bitcoin for the "privacy" things and it would make some sort of attraction because it's a rare thing for people to use that ATM in the first place. Also in here, Bitcoin is still illegal as a payment processor so Bitcoin ATM won't be released in the future for long time. I'd just do it at home whenever I want to withdraw some Bitcoin to my bank account, it's much easier.

for sure there will be no Bitcoin ATM machine in your area and even myself I wont be using it if it is illegal in our country but I would happy to try it if I've seen couple of people trying it because it is like a new experience in using it and just want to know how it works but again it should be also in sneaky pattern not that anyone can see you, it is still the same with how you withdraw in bank ATM machines

[synchronym]

for now we have not used bitcoin ATMs or seen bitcoin ATMs themselves because in my country it is not yet fully public for widespread adoption of bitcoin and also in coins it is still not officially legalized.so to make transactions or use bitcoin ATMs it has not been realized until now because these factors.but if bitcoin has begun to be accepted and adopted in various worlds, it is not impossible that we can also make legitimate transactions or use bitcoin ATMs to carry out a transaction process.

As Bitcoin is not valid in our country we are deprived of this benefit. When we keep money in the bank then we transact through ATM card if Bitcoin is legal in our country then we can take advantage through Bitcoin like we can take advantage through ATM card. You will find that all the countries that declare Bitcoin legal are not accepting ATM card transactions. That's because Bitcoin doesn't require any bank transactions, but it would be great for us if that were the case.

[Slow death]

unfortunately I never had the opportunity to personally see a bitcoin atm, and I blame my country's government for that, because in my country the central bank requires that anything related to money has a license, so if anyone had the idea of putting a bitcoin ATM in my country that person would need to create a company and to be able to have a license to operate in my country and then he could already have the bitcoin atm, but there would be another big problem that in my country ATMs are the main targets of thieves, That's why in my country every ATM has police and private security companies to control the ATMs

this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank

[JayJuanGee]

unfortunately I never had the opportunity to personally see a bitcoin atm, and I blame my country's government for that, because in my country the central bank requires that anything related to money has a license, so if anyone had the idea of putting a bitcoin ATM in my country that person would need to create a company and to be able to have a license to operate in my country and then he could already have the bitcoin atm, but there would be another big problem that in my country ATMs are the main targets of thieves, That's why in my country every ATM has police and private security companies to control the ATMs

this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank

Why do people do this?

They say:  "my country" and they expect everyone to either know what country is being talked about or we have to go back to your various other posts to try to figure out which country you are talking about (like a puzzle).  

It's a bit annoying.. and if you don't want to say that it is your country, then just name the country.. or maybe a group of countries that you might believe (or have knowledge) to be similar or something to specify.. it would be less annoying to be able to see what country you are talking about without my having to do a bunch of work to try to solve the puzzle that you set forth..   which could even mean that it is gobbledy-gook on purpose?

[tjtonmoy]

~snip

They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs.
When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.

[Wiwo]

~snip

They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs.
When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.

I guess you are right on the need to allow yourself get exposure to new things first before making any comment or decision on them,  that way you have better knowledge of the subject matter,  and for the sake of clarity,  Bitcoin ATM is not like the physical fiat currency ATM so for that the availability of physical cash at Bitcoin ATM may be unnecessary and at that, the bitcoin ATM possessed some form of security compared to traditional ATM unless if the Bitcoin ATM is used for cash withdrawal and of that be the case then it comes with another attachment which is the location of the ATM,  because most bitcoin ATMs that dispense cash are all used as pos in terminals and malls were security are almost guaranteed.

But since most Bitcoin ATMs are used to buy Bitcoin into personal wallets it then becomes less risky for its users compared to traditional ATMs that only dealwithith physical cash.

[JayJuanGee]

~snip

They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs.
When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.

I guess you are right on the need to allow yourself get exposure to new things first before making any comment or decision on them,  that way you have better knowledge of the subject matter,  and for the sake of clarity,  Bitcoin ATM is not like the physical fiat currency ATM so for that the availability of physical cash at Bitcoin ATM may be unnecessary and at that, the bitcoin ATM possessed some form of security compared to traditional ATM unless if the Bitcoin ATM is used for cash withdrawal and of that be the case then it comes with another attachment which is the location of the ATM,  because most bitcoin ATMs that dispense cash are all used as pos in terminals and malls were security are almost guaranteed.

But since most Bitcoin ATMs are used to buy Bitcoin into personal wallets it then becomes less risky for its users compared to traditional ATMs that only dealwithith physical cash.

I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition.  If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that?  In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.

[erep]

I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition.  If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that?  In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.

The physical functionality of the BATM machine for priority making cash deposits to buy bitcoin and cash withdrawals according to the calculation of bitcoin market prices, the use of BATM machines is related to cash so that BATM requires the availability of cash from deposits or cash withdrawals to users. I have reviewed several videos in countries that already operate BATM, so the function is not much different from ATMs from conventional banks, but the advantages of BATM are high security to protect user data, anonymity and accessibility which are easy to access for using BATM throughout the city.