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Author Topic: Does Bitcoin really need an ATM?  (Read 6249 times)
ivanst776
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June 11, 2017, 10:09:28 AM
 #41

I think yes, bitcoin and people need an bitcoin ATM, not only bitcoins but like an exchange with many different crypto coins because people would be in hurry.

Or traveling somewhere and why not spending the bitcoin and save the mess converting the cash into the local currency.

The small fees sometime shouldn't be considered because you are spending online money in a country which converting into local currency the fees are higher.
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June 11, 2017, 03:42:07 PM
 #42

Yes, without ATMs Bitcoins are hard to get them. I hope it will be set in my city as soon as possible.
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June 11, 2017, 03:52:53 PM
 #43

Bitcoin ATMs are essential. Many places its really hard to buy bitcoin. Sure in the States i've heard it's pretty easy, but for those without ID or not wanting to go through the verification process on an exchange. It is also trouble to find a reputable place to buy bitcoin online for some countries. In Canada you can use localbitcoins, with a huge fee, sometimes $100, or use your bank to buy it for you with a 30% fee, or a Canadian exchange like quadrigacx where bitcoin is $100 more if buying with Canadian dollars, plus sending dollars to the exchange you have to spend money with your bank, money order and such. Bitcoin ATMs are just so convenient, I wish there were more of them. Wish there were easier ways to buy bitcoin, like with a debitcard. Again the biggest problem bitcoin faces today is the fees.
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June 11, 2017, 04:02:47 PM
 #44

i think bitcoin now is really need an ATM because we see that bitcoin is growth so fast and this years, with the price is going to increase more and more, the ATM is needed in many places so many people will know about bitcoin and they can join like us to start using bitcoin for daily. the ATM is helping us to deposit and withdraw our funds so we don't need to send it into third party services but we can send it into the machine and we can have our money fast.


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June 11, 2017, 04:07:56 PM
 #45

Its just for me ah, I don't think doing Bitcoin ATM is good because first, what will be the essence of bitcoin as an Internet Currency if you would put it on the real world and make an ATM for it, I mean if you are talking about an a exchanger ATM that would change your bitcoin into real money is good but having a BITCOIN atm is not really a definately a good idea.

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June 11, 2017, 04:14:30 PM
 #46

If one need to choose between Net Banking or ATM, what you gonna choose?
Me surely going for net banking. So as Bitcoin economies are develop more than the scope of ATM and if we can buy/sell Bitcoin at very less fees as compared to ATM then I don't understand why people urge for extra non needed ATM expenditure.  

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June 11, 2017, 04:21:31 PM
 #47

Does email need paper?
Yes.

Bitcoin is less reliant on ATMs than classic money, but like email and paper, there are many people who need it. If there is a market, it will be done.
I don't think that bitcoin need to ATM. I think so, not necessary because it is electronic currency and difficult to manage. If you change your bitcoin into a currency that you use via the internet, so se faster
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June 12, 2017, 01:14:02 AM
 #48

Bitcoin is what people need, paying through Internet, anonymously, isn't it the one that they need?
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June 12, 2017, 01:27:32 AM
 #49

I think, yes, Bitcoin is just a way to send money online, but people need a way to exchange Bitcoin into cash so that they can spend them in real life
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June 12, 2017, 01:38:23 AM
 #50

ATM are good option, but to make ATM transactions fast bitcoin confirmation are needed to be fast.
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June 12, 2017, 03:11:25 AM
 #51

i think bitcoin now is really need an ATM because we see that bitcoin is growth so fast and this years, with the price is going to increase more and more, the ATM is needed in many places so many people will know about bitcoin and they can join like us to start using bitcoin for daily. the ATM is helping us to deposit and withdraw our funds so we don't need to send it into third party services but we can send it into the machine and we can have our money fast.
I dont think so . Even they dont have bitcoin Atm we can withdraw our bitcoin and buy bitcoin using the exchanges site and the wallet that you have. My country have alsp bitcoin ATM and the price of buy and sell is very big difference and for sure if you see the difference you will not use ATM machine because the sell is very kow comapred to the exchanges site.
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June 12, 2017, 05:50:12 AM
 #52

Yes we need it, bitcoin is money and its cool to have an ATM too for faster and urgent transactions. But that ATM will be different from traditional with cool security features. The question is what company can provide it.

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June 12, 2017, 06:04:47 AM
 #53

Users of the bitcoin continuse increasing, and it seems the presence of ATM will greatly help the user bitcoin. I'm very happy with the word if there is bitcoin ATM so no need to go to a bank ATM.
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June 12, 2017, 06:09:37 AM
 #54

Users of the bitcoin continuse increasing, and it seems the presence of ATM will greatly help the user bitcoin. I'm very happy with the word if there is bitcoin ATM so no need to go to a bank ATM.

I think atm for me is just when you converted it to fiat. And in my country coins.ph has a virtual card that after you converted it you can withdraw it whenever you want it. Depends on what you want to use either card or with as an e-give cash. For me i dont really need ATM for now. Because i only hold small accounts that can be manageable via cardless transactions. I would probably need those after i can now hold higher amounts of money so that i can withdraw it with out internet and hassle free withdrawing.
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June 12, 2017, 06:23:27 AM
 #55

No not really bitcoin doesn't need atm, but if we got ATM it can increase the popularity and increase the people curiosity about bitcoin and it will make us easier to cash out bitcoin, but overall we don't really need it, we can just easily convert to local exchanger from internet to our account, it is safer and more efficient and the cost is not as high as ATM fee


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June 12, 2017, 06:31:24 AM
 #56

i think bitcoin now is really need an ATM because we see that bitcoin is growth so fast and this years, with the price is going to increase more and more, the ATM is needed in many places so many people will know about bitcoin and they can join like us to start using bitcoin for daily. the ATM is helping us to deposit and withdraw our funds so we don't need to send it into third party services but we can send it into the machine and we can have our money fast.
I dont think so . Even they dont have bitcoin Atm we can withdraw our bitcoin and buy bitcoin using the exchanges site and the wallet that you have. My country have alsp bitcoin ATM and the price of buy and sell is very big difference and for sure if you see the difference you will not use ATM machine because the sell is very kow comapred to the exchanges site.

I agree, Bitcoin ATM has a very big difference with buy and sell so I rather not use it unless I really need the money right away. Why not lets just wait for the time that all establishment will accept bitcoin for payment and while waiting we hold our bitcoin and gain more profit. Bitcoin ATM are only used by people who wants cash right away.
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June 12, 2017, 06:46:28 AM
 #57

Not an urgent thing if there is bitcoin ATM , but the ATM will make people will know bitcoin, maybe at first people think bitcoin is a bank, but more importantly I think is the knowledge and understanding of bitcoin, so people will be happy to use bitcoin as Means of payment
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June 12, 2017, 08:21:50 AM
 #58

ATM's are handy for ppl who need their BTC fast and safe (I still find localbitcoin a bit risky).
However most of us will prefer an exchange or creditcard seems it even more convenient then to find another ATM if there is none in your city.
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June 12, 2017, 08:28:05 AM
 #59

ATM's are handy for ppl who need their BTC fast and safe (I still find localbitcoin a bit risky).
However most of us will prefer an exchange or creditcard seems it even more convenient then to find another ATM if there is none in your city.
I certainly agree that it's better. I have sought atm machine which is cardless that can be used to cash out your bitcoin through that machine and it's available in my country. The great thing about it is that, there is no charge for cashing out btc here byt there is charge for buying btc which is great for people who are earning btc without buying btc.
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June 12, 2017, 08:51:55 AM
 #60

Very old thread this, bitcoin has evolved a lot, and having ATM's helps and makes it more tangible for the unbelievers, which in turn helps adoption. The more merchants aware of these ATM's, the better for the future. We need bitcoin to achieve satoshis aim of being a currency and the ATM's only help.
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