Are people still using bitcoin ATMs?

[Poker Player]

I occasionally use Bitcoin ATMs without KYC to sell small amounts of Bitcoin. They are easy to use, and fast, and without KYC it is worth paying the fees. Basically every time I use them I think that maybe this will be the last time, as I think it won't be long before they impose KYC 100% and then I will stop using them.

[PX-Z]

Never had experienced using one of those as there is nothing here yet in my area. But i don't think i will use them regularly for cashing out or even buying bitcoin as its fee is always the case, it's too high compare to others, but using it once or twice will be good add up experience.

as I think it won't be long before they impose KYC 100% and then I will stop using them.

Asking KYC on ATMs? How will they do that? It will be their huge loss if that happens.

[siedemtrzy]

I don't have BTC ATMs where I live, but I don't really understand the point of them. Why would you want to use it when you can just buy crypto on an exchange, sitting at home? There are many places where you can easily buy it even if you don't want to do the KYC.

[blckhawk]

I occasionally use Bitcoin ATMs without KYC to sell small amounts of Bitcoin. They are easy to use, and fast, and without KYC it is worth paying the fees. Basically every time I use them I think that maybe this will be the last time, as I think it won't be long before they impose KYC 100% and then I will stop using them.

Youre not scared that they might have some ATM skimmer installed there? That's what scares me the most whenever I have to use an ATM, the skimmers are really tricky to spot too so at best I avoid bitcoin ATMs, so far I haven't used one but I know that I'd have to avoid it because of that fear, other ways to sell my bitcoin has worked for me and have encountered no issues with that method yet so I'm not that excited to use a bitcoin ATM. Maybe I'll try but I don't think I'll see any of that being built in my country because there's more people that are used to ATMs that are mostly for cash so it's probably a long time before I see any, I want see one even if I don't plan on using it.

[fuguebtc]

Most people don't use Bitcoin ATMs for security concerns because what if someone is watching or following them and then they are attacked for money? When someone goes to an ATM, those who are watching them while they use a machine would know that they have money on them. So if someone who goes to a Bitcoin ATM is chased for his Bitcoins, that could be a bad thing and it is threatening.

It is much easier to sell the Bitcoins through online P2P platforms and receive the money in your bank account and do the same if you wish to purchase Bitcoins because it is easier and also doesn't charge a lot of fees.

Bitcoin ATMs are like cash ATMs, if you think you will be attacked when using a bitcoin ATM, you should not withdraw cash at the ATM . This sounds funny to me, why are only people with bitcoins targeted by thieves while people with millions of dollars in the bank are not? People who don't use bitcoin ATMs just because they want to protect their privacy, we should not have the illusion that anyone who owns bitcoin is rich .

I'm out of luck because I've never seen any bitcoin ATMs, but if I get a chance I'll definitely try them . As a bitcoin investor, I don't like using bitcoin for regular payments or having to use it continuously because it's wasteful but I will experience anything related to bitcoin at least once .

[adaseb]

In Canada people stopped using them years ago because you need to KYC. And if you need to KYC you might as well just using an exchange. Instead of using the atm and paying 10% fees.

Perhaps you can get away without KYC if you buy $100 worth however even that needs some phone verification at least, so it always will have some form of KYC either way.

[God bless u]

Most people don't use Bitcoin ATMs for security concerns because what if someone is watching or following them and then they are attacked for money? When someone goes to an ATM, those who are watching them while they use a machine would know that they have money on them. So if someone who goes to a Bitcoin ATM is chased for his Bitcoins, that could be a bad thing and it is threatening.

It is much easier to sell the Bitcoins through online P2P platforms and receive the money in your bank account and do the same if you wish to purchase Bitcoins because it is easier and also doesn't charge a lot of fees.

[btc78]

In my country, I personally have not heard of a bitcoin ATM. I don’t know if there are really none or are there just too few in the country. Anyway, I am quite curious and would want to use it for myself. Where are the locations of these ATMs and are they safe? I get scared just talking about bitcoin in public what more to purchase or withdraw it in public?

[2Pizza410000BTC]

Hi guys,

I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?

I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.

Have you ever used a bitcoin ATM in NYC?

Bitcoin is not legal in the country where I live. I have been using Bitcoin to be safe from administrative hassles. Bitcoin is not legal in my country There are no Bitcoin ATMs in this country. I have never used a Bitcoin ATM as there are no Bitcoin ATMs in my country. But I can convert my money from my country to my country current very easily via Binance p2p. I don't want to bring any other medium here as I can easily make up the money in my native currency. If anyone has experience using nyc they can definitely share their experience here I have no experience using nyc I can't share here

[RioBlemz]

P2P has always been the best option to buy and sell for me. I have not seen a BTC ATM and I have not used such. Interesting is the fact that your device can do all that the ATM is offering.

[Z_MBFM]

Hi guys,

I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?

I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.

Have you ever used a bitcoin ATM in NYC?

I am very interested in using Bitcoin ATM but Bitcoin is not considered legal currency in my country yet. So it is still illegal in my country by the government. Due to this there is no chance of it being launched in my country till now.  But I think from where there are Bitcoin ATMs people definitely use it and use it very happily. People's interest in Bitcoin will increase even more when Bitcoin ATMs are launched worldwide.  And everyone will start thinking of Bitcoin as fiat money.  It will happen in the future but requires a long patience.

[highalch]

The downside is mainly the ATM fee itself, which is usually high (usually 3-4%).

Here in Europe, ATMs with 10% fees are pretty normal. Lately, I'm seeing them disappear though. Wonder why.

[Iranus]

Hi guys,

I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?

I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.

Have you ever used a bitcoin ATM in NYC?

I am very interested in using Bitcoin ATM but Bitcoin is not considered legal currency in my country yet. So it is still illegal in my country by the government. Due to this there is no chance of it being launched in my country till now.  But I think from where there are Bitcoin ATMs people definitely use it and use it very happily. People's interest in Bitcoin will increase even more when Bitcoin ATMs are launched worldwide.  And everyone will start thinking of Bitcoin as fiat money.  It will happen in the future but requires a long patience.

From the above comments, you can also see that not too many people are willing to use bitcoin ATMs for a number of reasons such as high transaction fees, potential privacy exposure, and fear of bitcoin robbery threats. ..So I think that even if we install more bitcoin ATMs, it will be very difficult to reach many people.

Furthermore, just because people use Bitcoin ATMs, that doesn't mean it has a chance of becoming currency. That's not the way to turn Bitcoin into currency, and it's not that simple. Personally, I think bitcoin has no chance of becoming a currency even if we had more time.

[Z-tight]

Asking KYC on ATMs? How will they do that? It will be their huge loss if that happens.

Some BTC atm's require kyc before you can even trade on their machine, while some only ask for kyc when you carry out a tx that is above a certain limit or if they have any reason to be suspicious about you or your tx. You will be required to display your ID and the machine will also scan your face for kyc, and it is possible that very soon most machines will require kyc before ANY tx.

[SquirrelJulietGarden]

I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?

You can find ATM with https://coinatmradar.com/bitcoin-atm-near-me/ and enter New York to search.

I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.

There are risk when using Bitcoin ATMs like their very expensive fees.

Bitcoin ATM Deposit Exchange Rate shocks

You have alternatives
https://bitcoinwide.com/
https://spendabit.co/
https://btcmap.org/

[Baki202]

In Canada people stopped using them years ago because you need to KYC. And if you need to KYC you might as well just using an exchange. Instead of using the atm and paying 10% fees.

Perhaps you can get away without KYC if you buy $100 worth however even that needs some phone verification at least, so it always will have some form of KYC either way.

I did not even know that bitcoin ATM is available in my country. I don't think people will make use of it even if it is available. P2p have made everything easy. One you don't need to leave the house. But if you want to make use of the ATM you need to leave your house. And having to do with kyc. For does people that love privacy it should be avoided. If bank ATMs i don't have talk more oh having a bitcoin ATM card. That 10% fee would annoy me. And from the explanation your given there is no way you can escape kyc if you want to make use of that service. There are people that will gladly enjoy using such service but as for me is a no.

[kryptqnick]

I just don't see any reasons to use them. I hate regular ATMs. They're simple to use, but I don't feel comfortable dealing with money like that in a public space. Bitcoin ATMs can attract even more attention because some think that all people who have cryptos are rich or whatever. Plus, a lot of people are saying that Bitcoin ATM fees are the worst.
Also, while there are a lot of Bitcoin ATMs, it's important to note that they're not widely distributed around the world. More than 90% of Bitcoin ATMs are in North America (just the US and Canada), while many countries in other regions have just a few of those machines.

[shield132]

Hi guys,

I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?

I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.

Have you ever used a bitcoin ATM in NYC?

Can't talk about New York City but everywhere I have ever been and seen Bitcoin ATMs, they all have been very terrible. I don't know why Bitcoin ATM owners think it's a good way to manage business with extraordinarily high fees but besides Bitcoin enthusiasts no one uses ATM. People only use Bitcoin ATMs just once to test it and experience what it looks like, just like a fan thing. A friend of mine has Bitcoin ATM in his restaurant since 2016 and rarely one or two tourists a month come to use it and take pictures of it, that's all.
Don't use Bitcoin ATMs. It's better to buy Coinbase card if you live in the USA or get a XAPO card if you travel often. You'll get better fees compared to Bitcoin ATMs and these cards offer good ATM withdrawal fees.

[TheVeteranAngel]

Hi guys,

I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?

I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.

Have you ever used a bitcoin ATM in NYC?

I haven't been to NYC before but i was in Thailand few weeks ago for vacation and i saw a couple of people using it.

[Plaguedeath]

Can't talk about New York City but everywhere I have ever been and seen Bitcoin ATMs, they all have been very terrible. I don't know why Bitcoin ATM owners think it's a good way to manage business with extraordinarily high fees but besides Bitcoin enthusiasts no one uses ATM. People only use Bitcoin ATMs just once to test it and experience what it looks like, just like a fan thing. A friend of mine has Bitcoin ATM in his restaurant since 2016 and rarely one or two tourists a month come to use it and take pictures of it, that's all.
Don't use Bitcoin ATMs. It's better to buy Coinbase card if you live in the USA or get a XAPO card if you travel often. You'll get better fees compared to Bitcoin ATMs and these cards offer good ATM withdrawal fees.

Probably they use it for tax avoidance, that's why even though people are really rare to use ATMs, but the number of Bitcoin ATMs are still high. There are no stupid businessmen, there must be something that they can use it to take advantage or benefit.

Have you ever see small business in your country that have no customer and still survive until now? it's the another example.