Are there some charges to use Bitcoin ATMs ?

[Ryu_Ar1]

I come from Indonesia and if you see some news in the local media that i read there are 2 bitcoin atm in my country where it is located in the capital city (Jakarta) and in a fairly famous destination (Bali) but indeed the bitcoin ATM is no longer used at this time for several reasons, especially the lack of interest in doing so.

I have read about a news there that your government is very strict with crypto matters and that's probably one reason why the company that owned those bitcoin ATMs left and abandoned those.

It's actually not like that. As far as I feel while being in crypto, especially for bitcoin, I personally don't feel that the government in my country is strictly limiting this because seeing from what is happening now even though I have only been in crypto for a few years, my country's government is actually giving a good thing because they facilitate crypto even though this is only used as a commodity but there are no restrictions or even prohibitions for everyone to be in crypto, it's just that we also have to comply with regulations that crypto is still only used as a commodity not as a means of payment.
In fact, if you look at the seriousness of the government in my country in crypto, there is actually something quite proud where one of the governors in the Indonesian region some time ago became a speaker bitcoin conference 2023 in Miami and gave a promise where there is a project that will later have mining in Indonesia even though it has not yet been implemented.

I also have the same desire where maybe i just want to try even if it's just once but indeed with a fee that is quite expensive of course it's not too good for me because after all in this case we certainly have other options to deposit or withdraw bitcoin with a cheaper fee especially with a nominal as in the article where the minimum fee is 10 percent then I think it's still too big for me.
Even so, it doesn't matter if you just want to try it and I also have the same desire if I find a bitcoin atm in my country now.

10% for the fee is really too high. We can do a lot of things with that already if your withdrawal is quite high but even so, 10% is a big no just for a fee.

I'll take the other route of going through some exchange and use them as an outlet to get that money of mine and will pay little amount or commissions of theirs for the process.

That may be one of the reasons why bitcoin ATMs are not too lyrical in my country even though they are placed in the capital city and in one of the tourist sectors but because the fee is too large, it is certain that those who will transact will think twice about doing it unless they just want to try it.

[EarnOnVictor]

Be thankful that a Bitcoin ATM is not in your country because it might be a decoration in most countries unless the country is rich.

Why on earth should anyone be thankful not to have another option to buy/sell bitcoin?? Just because ATM fees are geenrally higher than other ways to trade bitcoin doesn't make them useless.

You probably might have viewed this from a different angle from mine, and of course, Bitcoin ATM is not useless, I never said that. But this is a means that people transact Bitcoin and part ways with an insane amount of money. Since there are better alternatives that would save you more money, won't you go for it? Even an above-average person would weigh their options, which conceived what I wrote.

That's more reason why I added a rich country because, in rich countries, people might still want to sacrifice the charges, not that it doesn't pinch them at all, but because they have good statuses which makes it sacrificeable. Upon that, the charges will still reduce the number of patronage of the ATM machines in the rich countries compared to though there were no high charges attributed to it. How much more in developing/underdeveloped countries?

I can assure you that it would be worse in those countries because almost everyone would prefer the better alternative channels because they would believe that the charges are even enough to do better things with their lives than to sacrifice it on a Bitcoin ATM. Now tell me, what is the use of Bitcoin ATMs littering the country abandoned? It is better to put it in the country where it will be in regular use and not left redundant.

[Rikafip]

Since there are better alternatives that would save you more money, won't you go for it? Even an above-average person would weigh their options, which conceived what I wrote.

Once again - just because there are much betetr alternatives than ATM, its still good to have them. Having more competition is what brought the fees down.

I used them for years but luckily now I have much better options available, but still I like the idea of having more options than not and I just don't understand that " be lucky that you don't have ATMs in your country" mindset.