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Author Topic: BITCOIN ATM MACHINES  (Read 7839 times)
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April 24, 2017, 09:08:24 PM
 #61

a bitcoin atm machine would be cool.   plug in your USB stick that contains your wallet.dat, and withdrawal the amount of Cash you need.   

Yeah I'm also wishing that I can find a Bitcoin ATM Machines here in our place. Smiley So that it will be convenient for me to withdraw the money from BTC wallet. Smiley

I think having a bitcoin ATM machine was a very convenient for the bitcoin enthusiast. As fas as I now we had BItcoin ATM here but too far to my place it takes 2 hours almost before I reach the place and for what the good thing about that was your bitcoin balance can be translated to our currency.

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April 24, 2017, 10:36:51 PM
 #62

To be honest, i never was encouraged about any kind of bitcoin ATM machines. I jusg always thought that it is easier for me to buy bitcoins directly by using the bank fiat transfer.
I just simply can do wire deposit on some good cryptocurrency exchange, where I may get good rate while buying the crypto I exactly need.

If you want to use BTC ATM then you need to accept the fact that you will need to pay at least 5-6% on every transaction.
That is why I stay away from such a machines.
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April 24, 2017, 11:58:54 PM
 #63

Bitcoin ATM?? this is prone to the hacker, why they can use ATM if they have an option to deposit amount thru bank. I suggest instead of ATM maybe bitcoin channel to the convenient store like in 7/eleven were the most applicable to buy bitcoin.
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April 25, 2017, 01:00:33 AM
 #64

Bitcoin ATM?? this is prone to the hacker, why they can use ATM if they have an option to deposit amount thru bank. I suggest instead of ATM maybe bitcoin channel to the convenient store like in 7/eleven were the most applicable to buy bitcoin.

Sometimes we need a lot of variants in marketing and promotional strategies, in this case bitcoin atm is a good variation although its use has not been sought by many users, because hackers must have been the first service provider's obligation to consider security. Before the installation phase. It's true that marketing will be very easy to develop if bitcoin services are applied to franchise stores, but in many countries still stumble regulatory issues because they fall under the category of public facilities.

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April 25, 2017, 04:39:23 AM
 #65

I've tried one BTC ATM nearly a month ago. In EU.
And I was disappointed. Too slow, too big fees. BTC ATMs need to go a long run until they get even close convenient as Fiat ones.

I don't know how is outside EU, but here, in almost every country you have companies selling/buying BTC with margin of 2%-3% and almost instant payments.

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April 25, 2017, 03:45:12 PM
 #66

I hate this if this will happen anyway. no one wants atm machine. bitcoin is been created because it is encrypted and safe at all. and bitcoin also created because we hate fiat money. no one wants paper money and atm machines in bitcoin you could also buy many things and it will be a fast transaction only.
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April 25, 2017, 04:56:39 PM
 #67

If talking about bitcoin ATM machine I think it should have its wallet.
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April 25, 2017, 05:29:29 PM
 #68

Even though that seems to be a wonderful idea, I think the implementation will be very poor and it can lead to the hacking of people's wallet.

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May 01, 2017, 05:51:50 AM
 #69

a bitcoin atm machine would be cool.   plug in your USB stick that contains your wallet.dat, and withdrawal the amount of Cash you need.   
It is very cool to have an Bitcoin ATM machine in every places of the world. How I imagine if that happen it will surely a very convenient for us to withdraw our bitcoin balance and will dispense according to our currency. Cheesy



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May 01, 2017, 06:03:58 AM
 #70

Wow that would be really cool. But im wondering who will operate those giant chains of ATM. If atm is to be placed then someome has to work after its maintenance, daily checks of servers, and also big question who will keep hard cash in the Atm? That cash has to come from somewhere which should be regulated. Its bit tricky though. But the idea is amazing, earning online and getting big bucks cashed out immediately. :-)
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May 01, 2017, 06:10:31 AM
 #71

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

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May 01, 2017, 06:26:08 AM
 #72

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

Its not a matter of legality really, Think of Bitcoin Machines as a sort of Money Changers the only different thing is that it is Automated and the Currency you are converting is a Virtual Currency. As long as there is an exchange of goods it can be considered legal and if there are no other laws being violated you are safe. Also right now almost all of our convenience store have this Multi-Function Machines that includes Buy and Sell of Bitcoin in which we can see they are also taking advantage of the exchange rate of the cryptocurrency.

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May 01, 2017, 06:32:49 AM
 #73

Have an a ATM machine were one will just plugs the flash drive that contains your wallet and withdrew cash will be another step forward in making bitcoin acceptable all over the world. Though it should not just be plug in usb and get cash but also a provision were you type in your wallet address and also get cash.
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May 01, 2017, 06:33:08 AM
 #74

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

Me too in my country doesn't have bitcoin ATM Machines. But it not more needed we just need a exchanger that we can exchange our Bitcoin (BTC) to a real money. Well definitely we have a reliable exchange that often us to exchanges our Bitcoin to a real cash and its good. Hopeless that also we have Bitcoin ATM Machines




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May 01, 2017, 06:44:55 AM
 #75

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

Me too in my country doesn't have bitcoin ATM Machines. But it not more needed we just need a exchanger that we can exchange our Bitcoin (BTC) to a real money. Well definitely we have a reliable exchange that often us to exchanges our Bitcoin to a real cash and its good. Hopeless that also we have Bitcoin ATM Machines
Here in my country there is a bitcoin atm machines but i do not know where it is and i think much better to have an atm machine for faster cashing out our bitcoin to real money.
Also i think atm machine was much small charges than using an exchange and also you do not need to wait for confirmation anymore.
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May 01, 2017, 07:09:58 AM
 #76

I think much better to have an atm machine for faster cashing out our bitcoin to real money.

Did you ever heard about the atm criminals on USA, It has destroyed by some people.
https://themerkle.com/various-bitcoin-atms-destroyed-in-us-localities/
It's not an effective idea, in my opinion, The bitcoin atm is so weak.
Also i think atm machine was much small charges than using an exchange and also you do not need to wait for confirmation anymore.
In fact, if the bitcoin atm will charge you more than what will you get from the exchange site.
I think you can try to search the old thread in here about that.
In my experience, if i have got over $5 charges just for withdraw my money use bitcoin atm. and it's too far to being worth for bitcoiners.

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darthmaul
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May 02, 2017, 03:49:14 PM
 #77

To be honest, i never was encouraged about any kind of bitcoin ATM machines. I jusg always thought that it is easier for me to buy bitcoins directly by using the bank fiat transfer.
I just simply can do wire deposit on some good cryptocurrency exchange, where I may get good rate while buying the crypto I exactly need.

If you want to use BTC ATM then you need to accept the fact that you will need to pay at least 5-6% on every transaction.
That is why I stay away from such a machines.

Yeah possibly it would be hard to accept the transaction fees. For bitcoin maintaining at physical machine can lead to heavy duties and also Im thinking it would become partially decentralised as government will have some rules and regulations of ATM machines. It might become little difficult to accept the ATM's with virtual currency on it. Plus ATM operator will have to look after regions in which they are operating these machines as Bitcoin is not accepted by each and every person. So transaction will be lesser and maintenance would be more. Its tricky though, but yeah fess will be there.  Undecided
Kevin77
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May 04, 2017, 07:55:52 PM
 #78

I think much better to have an atm machine for faster cashing out our bitcoin to real money.

Did you ever heard about the atm criminals on USA, It has destroyed by some people.
https://themerkle.com/various-bitcoin-atms-destroyed-in-us-localities/
It's not an effective idea, in my opinion, The bitcoin atm is so weak.
Also i think atm machine was much small charges than using an exchange and also you do not need to wait for confirmation anymore.
In fact, if the bitcoin atm will charge you more than what will you get from the exchange site.
I think you can try to search the old thread in here about that.
In my experience, if i have got over $5 charges just for withdraw my money use bitcoin atm. and it's too far to being worth for bitcoiners.
Oh this really is not good for the exchanges, or maybe there comes a role of the exchange through the ATM development for future, but the transaction will become faster than ever.

I don’t think the Bitcoin ATM service can be provided to most parts of the world. It will charge you more for the conversion into the local currency because a team will be hired for the ATM machine maintenance and these expenses will be definitely paid by the users.
retrocoingames
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May 05, 2017, 04:55:49 AM
 #79

These have to start popping up in Japan soon?!
MoneyIsDebt
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May 05, 2017, 05:07:29 AM
 #80

If talking about  ATM machine I think it should have its wallet.

it is difficult for the organizers as well to exchange them into the specific currency of the specific person or get linked with different exchanges of different countries. i think this is not a right idea and most of the peoples who used it for investment purpose definetly dislike it.
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