3000 Bitcoins ATM worldwide !!!! - page 14.

tegarp90

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Quote from: Fawez on May 30, 2018, 04:21:39 AM

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

In which country all these bitcoin's ATM distributed ?
I'm not sure there are so many out there, can give us the link of that news ?
Because i heard there are less than 100 bitcoin atms in this world right now

Gintama214

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Quote from: Fawez on May 30, 2018, 04:21:39 AM

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

This is really a great news, with this ATM worldwide people can now deposit and withdraw bitcoin whenever they want but then the question is how much would be the fees from it. There is really no information about it, it is a good thing but we still now sure on how the prices of the fees which mostly the company that made this ATM's are earning from. As cryptocurrency holder we like to have a low fees in transaction so we can just trade easily not going negative because of the high fees which really sucks.

Dorcolac

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I am very happy that in my city, Belgrade the capital of Serbia, there are 3 ATMs.
The reason is that my country refuses to understand new technologies.
shame really, since we have a lot of IT firms and companies here.

bitbunnny

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At first glance sounds like a great number but if you think twice it's not such a big thing because these are fugures for the whole world. So relatively small number of people in the world is using Bitcoin ATMs.
But I have the feeling they are losing popularity because users have many other ways to buy/sell Bitcoins and ATM are hardly accesible because in every town you have only few of them.

coinnumber

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This is a great news I believe this will help a long way in the legality of bitcoin because you can use your cryptocurrency to get cash easily compared to exchange transactions. Am patiently waiting for this to happen and gets to my country too because they so much believed that crypto is the biggest scam because it has no trace.

Alexbenua97

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Wow its great news.The question is, how easy is it to bring out bitcoins from these machines? Need a map? or do you enter the password from your wallet and display it?

Nerman

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Quote from: lizardbtc on May 30, 2018, 04:40:46 AM

Quote from: Fawez on May 30, 2018, 04:21:39 AM

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

Honestly I can't understand people who are using ATMs to buy bitcoin or any other altcoin - crypto in general. Most of the time rates are way higher than if you go and register on some exchange and trade directly. Secondly, there is no support on the spot and some ATMs even ask you to provide them with your IDs and they will take the picture even if you are buying only one time and guess what this doesn't sound like the best deal for me. You give them your ID and you overpay for the price for what? If you are going to do KYC better is to follow up and go with trustworthy exchange in my opinion.

Well I understand where your coming from but also you need to understand some people also need to get their money fast. Selling in an exchange and getting the money takes time. This is the reason why we have ATM's not only in Crypto currency but also this is the main reason why we have banks ATM. Also this is helpful for tourist. You can use your crypto to get cash quickly.

Mofazzal840

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Actually that is really great news. It will help to the legality of any countries. Bitcoin ATM in increasing day by day.Many People trust on Bitcoin. They thought bitcoin just an imagination.But now they are interested in bitcoin.
I saw Bitcoin ATM around 2000 location in the USA. And another country has few. It will increase very soon in the world. Wink

deppil

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Quote from: nanasei on June 07, 2018, 05:23:11 PM

I knew more bitcoin ATM and outlets are being produce each day but never taught it could reach such a huge figure like this. This is a positive feedback for bitcoin and the advancement of cryptocurrency.

Yeah this is a nice development of cryptocurrency. the more ATM bitcoin circulating the easier the user to do bitcoin transactions. and of course this will attract many users as well. of course they are wondering about the ATM machine and will ask about it. btw this is a nice development and hopefully developers can add more

addeqt

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That is a hell lot of ATM out there. Do they support AMs and MCs? But I just wondering, is there so many bitcoin or alt holder that is cashing out their possession every day, especially that the price is not performing very well? Anyway, that is a good thing for all, it could leverage the use of crypto. People could be curious about it and eventually be involved in the crypto community.

VUKIMTHAO

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I think that when the cryptocurency payment cards are released and used widely, the crypto market will be very potential. Cry

gorbabtc

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Quote from: Fawez on May 30, 2018, 04:21:39 AM

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

What is the source of this data ? Withdrawing money using bitcoin ATM sounds cool but I heard they charge a lot of fees.

CoinSpeculator

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not enough for popularity. gonna be 3 million in future. maybe more i don't know.. i just say nobody use cash anymore some day i hope.

MrBitco.in

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Quote from: markleal on June 07, 2018, 02:26:02 AM

Hi there Fawez! It sounds so interesting. I haven't seen so many ATM you are talking about. Who is the company behind those atm? Is it fully operational or it is just a plan? However, do you have the maps or the link where those ATMs are? And do all of those residing in each country? On the other hand, I have rarely seen bitcoin atm. And I didn't even have tried to use one. But I hope in the near future, people will be accustomed to those machines just like how they use the ordinary fiat atm machines. Additionally, transaction fee and speed should be addressed first before those machines could function almost instantly.

There are several companies producing these ATMs, for an overview check: https://coinatmradar.com/charts/#by-manufacturer or visit www.generalbytes.com for more info. A global map is available on https://coinatmradar.com and every large city in the world currently has a few machines at least with the exception of some countries. Transaction speeds vary but usually your purchase is visible (not yet confirmed!) on your wallet in seconds after completing your transaction. For Crypto --> Cash transactions, GENERAL BYTES is the only manufacturer that offers instant withdrawals but it is up to the ATM owner / operator to activate this.

Hope this answers your questions.

jaocoincrypto18

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Quote from: Fawez on May 30, 2018, 04:21:39 AM

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

This progress shows that not all banks are against Bitcoin existence and they are considering that Bitcoin is not a threat to their current system like what we are usually read in this forum that banks are afraid of Bitcoin. ATM facilities are all owned by the banks so if this will continue then for sure many will join the Bitcoin investments as converting it to fiat will be much more convenient.

ghost07

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Quote from: Fawez on May 30, 2018, 04:21:39 AM

Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.

Here in philippines we already have 10 or more branch of bitcoin atm machine and some malls already accepting bitcoin as a payment. For me our country is on they way to make bitcoin so ligalized.

IGreek

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It's a good push towards the future, but I have to agree with the guy above. Super niche. The individuals who care will be the ones already using BTC/Cryptos and that is it. May you get a few more interested? More than likely, but it's just the beginning and I wouldn't take it as a measure as what is happening with market

BitHodler

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Quote from: rameshrajan1000 on June 07, 2018, 10:31:49 AM

Compared to the global scale, 3000 ATM is less. I want to increase it.

If you want to increase the number of available Bitcoin ATMs then buy a couple and there is your increase.

In all seriousness, you can't possibly compare traditional bank ATMs with Bitcoin ATMs. Bitcoin ATMs are a niche in every possible way, and quite expensive to use, especially in the very early stage.

Earning back the initial capital of the ATMs isn't the main problem. The main problem is that you have to earn back your license costs, which easily exceed the $100,000 mark, and then there are steep renewal costs.

That pretty much explains why most ATMs are quite expensive to use. Only with mass usage they will be able to socialize their operational costs to offer lower overall usage fees.

nanasei

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I knew more bitcoin ATM and outlets are being produce each day but never taught it could reach such a huge figure like this. This is a positive feedback for bitcoin and the advancement of cryptocurrency.

Dexion

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the number of ATMs is very large, this is good news, if the demand for bitcoin ATM continues to increase every year, then everyone's enthusiasm for bitcoin world becomes higher.

I think this is a very useful innovation, and also makes people easy to make transactions.

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