BTC ATMs, I would love to try out one!!!

[Sioni]

Bitcoin has always been about financial freedom, that ability to control your own money, anytime, anywhere, without intermediaries. But what good is that freedom if you can’t easily convert your Bitcoin into real-world cash when you need it?

I believe being able to withdraw Bitcoin to fiat is a crucial bridge between the crypto economy and the traditional world, I even read an article here that says something about ''spending your btc''. But not everyone wants to sell through centralized exchanges. Sometimes, you just want instant access to cash, whether for emergencies, travel, or simply living on Bitcoin.

So simply, that's where Bitcoin ATMs come in. These machines let users buy or sell BTC directly for local currency, often without complicated KYC or exchange processes. You insert cash to buy BTC, or scan your wallet QR code to withdraw cash. It’s quick, accessible, and strongly reinforces what Bitcoin was built for, peer-to-peer, borderless money that you can actually use.

Today, Bitcoin ATMs are spreading across the globe. The United States leads with over 30,000 active machines, followed by Canada, Spain, Poland, and El Salvador, the first country to make Bitcoin legal tender. Switzerland, Australia, and Germany also have growing networks of these ATMs, giving citizens easier on-ramps and off-ramps to digital assets.

As the crypto world matures, seamless conversion between Bitcoin and cash shouldn’t be a luxury, it should be a standard and common.

By the way, isn't accessibility adoption?

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

[Ruttoshi]

I haven't used a bitcoin ATM and the one in my state is very far from my house. However, I don't bother if I don't use it or not because using a bitcoin ATM can endanger your life and make you a target for robbers which since anyone can just relax and watch whoever is using it and trace them. It's good to keep your bitcoin involvement in a low profile and avoid any practice that will draw attention to you.

I prefer to use a decentralized exchange for privacy instead of bitcoin ATM. The charge rate of using bitcoin ATM is also expensive. Crypto investors are now the target for robbers.

[348Judah]

Using a Bitcoin ATM starts from the location you're, some countries do not have them installed, while some have but few on specific locations, another thing I would advise you to consider is the privacy in making use of an ATM, because these machines were owned by some organizations that have taken decisions to implant them at strategic locations, lastly, to use one also cost more in terms of transaction fee than you making use of your personal device to make transactions, all these are part of what has made many not to out much interest in using them as we thought.

[Ketesnuko]

Nothing will happen to you if there is never a chance to experience a Bitcoin ATM, there is not a single BTC ATM in my country and it doesn't bother me, I choose to imagine it just the same way as my bank ATM machine, the difference won't be much, only difference is digital currency and barcode scanning.

I don't even feel like I am missing out alot, it will work just like every other ATM machine, if i have to worry about anything right now it will be how mnay Bitcoin I wish to see in my portfolio by 2030, I will rather keep struggling for my future Bitcoin portfolio than getting worried over how a ATM machine would work, it is not going to help me.

[purple_sparkles]

In our city, two cryptocurrency ATMs were installed where you could exchange not only Bitcoin, but they didn’t last long due to the extremely unfavorable exchange rate. Considering that there are many exchange offices nearby where you can buy or sell Bitcoin at a much better rate, it all depends on how profitable it is to use such a machine. In my case, it turned out to be more advantageous to walk 200 meters to an exchange office and get a much better rate.

[_act_]

By the way, isn't accessibility adoption?

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

Bitcoin ATMs have increased, especially in United States and few other countries, but it is not available in many countries and many countries have just 1 or very few bitcoin ATMs in a way that most bitcoin users in such countries can not make use of it.

My country have bitcoin ATM but it is not in the town that I am.
I have not used bitcoin ATM before because P2P is far cheaper, easier and better. Bitcoin ATM transaction fee is too much.

[CryptoGirl_200x]

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

I have used a bitcoin ATM either, and yes, there are few bitcoin ATMs already available in my country but their location is very far from where I currently live, and currently, the machines are strategically positioned in places like night clubs, big shopping malls and other places like this where mostly big/wealthy people visit..

I actually used to be so very interested in trying out a bitcoin atm but I lost this interest after a friend of mine who tried it one time came back to report to me that the fee was very high, I immediately understood that this could be as a result of very few of the machines also means less or no competition at all..

I look forward to the future when and where bitcoin ATMs will becomes rampard every where with very fair and moderate fees, this would help a lot of us who are low and medium income earners to comfortably afford the service.

[OcTradism]

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

You can find available Bitcoin and cryptocurrency ATMs at your nation and nearly by your living area.
https://coinatmradar.com/

Bitcoin and cryptocurrency ATMs have many changes in their history by government regulation and now you have to KYC to use them. It's inconvenience about KYC and privacy if you care about it.

There is another big disadvantage, you have to pay more fees for Bitcoin/ cryptocurrency ATMs.
Bitcoin ATM Deposit Exchange Rate shocks.

[Lucius]

Bitcoin has always been about financial freedom, that ability to control your own money, anytime, anywhere, without intermediaries. But what good is that freedom if you can’t easily convert your Bitcoin into real-world cash when you need it?

It's a better option if you can pay for something with Bitcoin directly, and definitely a lot cheaper. Fees at such ATMs range from 5% to 20%, and this is not something that is a motivating factor for using them.

I believe being able to withdraw Bitcoin to fiat is a crucial bridge between the crypto economy and the traditional world, I even read an article here that says something about ''spending your btc''. But not everyone wants to sell through centralized exchanges. Sometimes, you just want instant access to cash, whether for emergencies, travel, or simply living on Bitcoin.

You can also "spend" BTC by purchasing a virtual card (Visa/Mastercard) and paying with it online or at POS devices. It's not that it's a much cheaper way to convert BTC to fiat, but it's much more practical and you can do it from the safety of your home.

---

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

It's nothing special, instead of the card you put in an ordinary ATM, here you scan the generated QR code and send BTC to the deposit address after which you get cash. I personally have not used any such ATM, for the reasons I have already stated and because I have some other options that still work.

[fikrett]

Regarding your questions, yes, I saw some ATMs, but didn't use them - mainly due to fees and having all the same tools to do the same right in my phone / place of choice...While also having the ability to do it on DEXes and so on.

[MinoRaiola]

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

There are Bitcoin ATMs in Germany, some of them located in shopping centers. But I wouldnt use them and wouldnt recommend them to anyone. If you want to exchange your Bitcoins for FIAT, then you should do p2p. Its not complicated, you dont need KYC, and the fees are also lower. It is basically exactly what Satoshi write in his whitepaper, a p2p currency without a third party. From bitcoiner to bitcoiner an nobody can stop it.

[UchihaSarada]

There are Bitcoin ATMs in Germany, some of them located in shopping centers. But I wouldnt use them and wouldnt recommend them to anyone. If you want to exchange your Bitcoins for FIAT, then you should do p2p. Its not complicated, you dont need KYC, and the fees are also lower. It is basically exactly what Satoshi write in his whitepaper, a p2p currency without a third party. From bitcoiner to bitcoiner an nobody can stop it.

Years ago, Germany had a wave of government shut down Bitcoin ATMs according to some following news.
Honestly, I don't know whether regulations on Bitcoin ATMs in the Germany have been improved recent months, but I guess there is no such regulatory improvement.

German Authorities Seize $279,000 in Bitcoin ATM Crackdown.
German authorities crack down on Bitcoin ATMs.

[qurbanshah02]

There are Bitcoin ATMs in Germany, some of them located in shopping centers. But I wouldnt use them and wouldnt recommend them to anyone. If you want to exchange your Bitcoins for FIAT, then you should do p2p. Its not complicated, you dont need KYC, and the fees are also lower. It is basically exactly what Satoshi write in his whitepaper, a p2p currency without a third party. From bitcoiner to bitcoiner an nobody can stop it.

Years ago, Germany had a wave of government shut down Bitcoin ATMs according to some following news.
Honestly, I don't know whether regulations on Bitcoin ATMs in the Germany have been improved recent months, but I guess there is no such regulatory improvement.

German Authorities Seize $279,000 in Bitcoin ATM Crackdown.
German authorities crack down on Bitcoin ATMs.

They are completely closed now, they will stop it because of some improvements, which makes us think that Bitcoin ATMs are closed, it is not like that. There is some problem in their machines, due to which this is happening, but after some improvements, they will fix it, which is a good thing, but you don't understand why. It has also been stopped because they did not have a license to have this machine, due to which they closed it, which is illegal. If they re-issue its license, they will start Bitcoin ATMs again. But this is not so important because why go out and do something from an ATM that we can do online, and anyway, going out and seeing so much money in cash can also cause some loss.

[Satofan44]

I haven't used a bitcoin ATM and the one in my state is very far from my house. However, I don't bother if I don't use it or not because using a bitcoin ATM can endanger your life and make you a target for robbers which since anyone can just relax and watch whoever is using it and trace them. It's good to keep your bitcoin involvement in a low profile and avoid any practice that will draw attention to you.

Complete nonsense. This is not an argument against Bitcoin ATMs. Either you apply it for any ATMs including bank ATMs or none. Don't be a hypocrite. Anyone can follow you from the bank back to home, what about it? Should I start hiding out of fear?

What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

ATMs also somewhat rely on reputation. There are websites that show where ATMs are available and you can leave a review. Usually there should not be issues especially when the ATM has been operated for a long time. However, this is nothing special. The fees can be very high. You can use it once just to have the experience, but regularly using it does not make much economic sense. This is even worse in countries where you need to do KYC to use the machine. There it makes absolutely no sense to use it.

You can find available Bitcoin and cryptocurrency ATMs at your nation and nearly by your living area.
https://coinatmradar.com/

Like this one. If you ever have a bad experience you can leave a review and prevent someone else from losing their money.

[Frankolala]

Using bitcoin ATM depends on the country that you are living. Some countries like mine doesn't have more than two bitcoin ATM located in Lagos State. I love using exchange to convert bitcoin to fiat and vice versa because of the convenience it gives. You don't need to walk to a far place before you can make your p2p transactions via exchange. However, if I find myself in a bitcoin ATM location, I will give it a try to have the experience despite the high transaction fee attached to it.

[o48o]

-cut-
Have you ever used one before, would you trust it over an exchange?

I have used bitcoin ATMs in the past, but i don't see them any better then crypto related debit cards these days, which you can use to withdraw cash from ANY atm.
I wouldn't use btc atm these days because of forced KYC, and at the time of using them, they had constant problems on top of high fees.

Sometimes btc transaction wasn't fast enough and i had to wait for ages to get my money. Sometimes they were empty from cash, and i found out that from an error message after depositing my btc. They were the worst for times when you desperately needed cash, because you couldn't rely them at all.

Even when i tried to see what machines had cash in them on their internet pages, i couldn't trust if data was up to date. If i wanted to buy bitcoin, it was way more pricy then from any cex around there.

[MinoRaiola]

Years ago, Germany had a wave of government shut down Bitcoin ATMs according to some following news.
Honestly, I don't know whether regulations on Bitcoin ATMs in the Germany have been improved recent months, but I guess there is no such regulatory improvement.

There have been many closes this year. The provider was/is Kurant and the new MiCa and DAC-8 regulations will also have an impact. But there were still ones who continued to operate their machines and changed there locations. Then more and more are catching bye the police and closes thr machines. Now i dont think there are any more from Kurant officially online in germany. This year a new machine was installed at the Guxhagener Autohof. The provider was also Kurant, but now i think this one is also offline.

[Die_empty]

By the way, isn't accessibility adoption?

I haven't seen or used a BTC ATM before but I will definitely love to try out one
What do you think:
Does your country have a Bitcoin ATM?
Have you ever used one before, would you trust it over an exchange?

Bitcoin ATMs are controlled by a privately owned centralised company, which means they are not the ideal means of using the coin. There are also concerns about exposing yourself to criminals since people will know that you own Bitcoin. There is this common assumption in my area that anyone who owns Bitcoin is rich. Some users have also complained of fraud attempts through these ATMs.

Although we have a few Bitcoin ATMs in my location, I don't intend to use them for now. High transaction fees and security challenges are my reasons to avoid them. But it's great to see them in our neighbourhood since it promotes Bitcoin adoption.

[Mahiyammahi]

In our city, two cryptocurrency ATMs were installed where you could exchange not only Bitcoin, but they didn’t last long due to the extremely unfavorable exchange rate. Considering that there are many exchange offices nearby where you can buy or sell Bitcoin at a much better rate, it all depends on how profitable it is to use such a machine. In my case, it turned out to be more advantageous to walk 200 meters to an exchange office and get a much better rate.

I don’t think Bitcoin ATMs have much practical use in real life right now. They sound like a fancy concept  an impressive piece of technology and part of a futuristic financial system we can only dream about for now. In my opinion, until Bitcoin becomes widely accepted by the majority, these machines won’t offer real value to most people.
Who would want to lose money by converting their Bitcoin into fiat currency at a poor exchange rate? Bitcoin is currently a profitable asset, so it doesn’t make sense for most people to trade it for cash at a loss.

I haven’t personally used a Bitcoin ATM since they’re not available in my region, but I’d definitely love to try this technology someday.

[coolcoinz]

Yes, there's a lot of ATMs around me. They're mainly run by local exchanges. It's a pretty popular business here in the EU where you can go to a physical exchange and trade cryptocurrencies for cash on the spot. They also have their ATMs that run 24/7. The only downside is that they have limited amount of cash and crash from time to time. I have to drive to one if I need cash and a few times I came to the spot to find out the ATM is out of cash or has lost Internet connection, or is updating. They're basically mini computers that do updates and need to be reset from time to time. There's a phone number on each of them and if it's stuck in a loop or completely unresponsive you can call the company and they will reset it remotely.

Other than that, they're fun to use and I often see curious people looking at what I'm doing because they have no idea how the machine works. You can feel them looking at you thinking "oh it's one of those crypto people".