Yes, the situation of bitcoin is changing very quickly and all thanks to the EU region government for appreciating and endorsement of bitcoin/crypto currency banking system legality which I think was also the reason why county like the Argentine change their thoughts towards bitcoin.
Topic: 3000 Bitcoins ATM worldwide !!!! - page 17. (Read 2094 times)
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Im thinking about Bitcoin Bank..
There are more and more Bitcoin ATMs which are really convenient in use. Many people are complaining about their high fees but keep in mind that they are available all the time and don't require any verification. Their owners risk a lot because Bitcoin price changes all the time. I really like how they work. I would like to see a Bitcoin ATM which would accept Lightning payments so I wouldn't have to wait for 1 confirmation.
In addition order to fight with fiat we need more ATMs in coming future
This news is not bad at all, it symbolizes part of what we envisaged and expected to happen with Bitcoin's existence. At least, it is going to be A good signal to many other countries who are yet to be in support of Bitcoin. But I believe Rome was not built in a day. The onus lies on you and me not to downgrade the Bitcoin potentialities in any country where we belong so that its acceptability could be at a faster rate, which will in turn favors us where such ATMs can be able to go round in some other countries for the progress of investors on the platform.
Unfortunately the distribution of these Bitcoin ATMs are currently focussed on the first world countries. I have friends in many of the 3rd world countries and many of them are staying in metropolitan areas and they have never seen any of these machines.
Yes, I understand that these machines are expensive and that the fees are high, but why not target these areas for all the smaller transactions that would be possible? Just take all the money that are flowing to these countries in the form of remittance services. If there were Bitcoin ATMs in these countries, then people would not have to use these expensive
remittance services.
Yes, I understand that these machines are expensive and that the fees are high, but why not target these areas for all the smaller transactions that would be possible? Just take all the money that are flowing to these countries in the form of remittance services. If there were Bitcoin ATMs in these countries, then people would not have to use these expensive
remittance services.
Transfering BTC you bought at ATM and selling them is more expensive than MG or WU, Atms have high fees, it makes no sense for remittance users that scarp for every penny.
Second, it makes no sense to target those when the guys that work in a developed country have already access to the banking infrastructure so they could buy bitcoins via wire from an exchange with lower fees, and remember that most of those ATMs are just fiat>BTC and are not allowing you to sell BTC.
It's pretty simple economics, just as you don't build a hyper mall in the middle of Qardho (10k pop town in Somalia) you don't put an ATM in countries where people can't afford to buy 10$ of coins.
If you think it is worth doing, why aren't you with the help of your friends trying to set some up?
Unfortunately the distribution of these Bitcoin ATMs are currently focussed on the first world countries. I have friends in many
of the 3rd world countries and many of them are staying in metropolitan areas and they have never seen any of these
machines.
Yes, I understand that these machines are expensive and that the fees are high, but why not target these areas for all the
smaller transactions that would be possible? Just take all the money that are flowing to these countries in the form of
remittance services. If there were Bitcoin ATMs in these countries, then people would not have to use these expensive
remittance services.
of the 3rd world countries and many of them are staying in metropolitan areas and they have never seen any of these
machines.
Yes, I understand that these machines are expensive and that the fees are high, but why not target these areas for all the
smaller transactions that would be possible? Just take all the money that are flowing to these countries in the form of
remittance services. If there were Bitcoin ATMs in these countries, then people would not have to use these expensive
remittance services.
In these cases it's probably cheaper to hire actual people to run a kiosk to buy and sell than it is to import, run, and maintain an actual Bitcoin ATM. Security might be one of the major issues, but if that can be taken care of I don't really see the need for machines in most lesser developed countries(yet at least).
Unfortunately the distribution of these Bitcoin ATMs are currently focussed on the first world countries. I have friends in many
of the 3rd world countries and many of them are staying in metropolitan areas and they have never seen any of these
machines.
Yes, I understand that these machines are expensive and that the fees are high, but why not target these areas for all the
smaller transactions that would be possible? Just take all the money that are flowing to these countries in the form of
remittance services. If there were Bitcoin ATMs in these countries, then people would not have to use these expensive
remittance services.
of the 3rd world countries and many of them are staying in metropolitan areas and they have never seen any of these
machines.
Yes, I understand that these machines are expensive and that the fees are high, but why not target these areas for all the
smaller transactions that would be possible? Just take all the money that are flowing to these countries in the form of
remittance services. If there were Bitcoin ATMs in these countries, then people would not have to use these expensive
remittance services.
Bitcoin is not easy to control. It's not a matter of trust but a matter of control. But no atm in turkey ist sad.We want to usefully for bitcoin everywhere .
It is really a great news but i think they should increase the number as soon as possible.
3000 ATMs is not a lot to compare to billion of people in this world, but it's still amazing how fast it's been growing.
Still lot of work that must be done , but all hope is not lost ! It seems that several start-ups are currently working to install ATMs Bitcoins around the world . I hope it will be done soon .
I'm in on getting the word out for bitcoin, especially if it will help the adoption grow on a global scale, but honestly these ATMs are only situated mostly in North America and Europe, with a few operational machines in Asia and Australia. The distribution of the ATMs is still centralized on these locations since ATM owners and operators know that it wouldn't be profitable to place them on places where there isn't mchcrypto action going on. Hopefully though in the near future, these ATMs would still be operational and that is a proof that people really use these as an easy way to procure BTC.
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 a sign that bitcoin is becoming more famous and famous amidst the negative publicity against it. Bitcoin ATM will allow people to have an easy access to bitcoin, they can easily sell and buy bitcoins whenever they want since there are bitcoin atms anywhere. For me these machines can be a life saver sometimes.
Probably it's true that we are at the revolution of crypto in our society. We will live with crypto in our town, cities and places. Business is business we cannot stop that.
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.
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.
Not all of them are allowing to buy and sell crypto-currencies ( 35%) However only half of the distributors offer anything other than Bitcoin, the Litecoin being the most popular crypto-currency.
Really, Litecoin is the most popular, that's really surprising to me. Can you share where you found those numbers?
I assume you mean that it's the most popular after Bitcoin, right?
I wish there were more ATM's in my country. We have 6 in total, spread out over 4 cities.
Here's the link : http://bitcoinist.com/now-over-3000-bitcoin-atms-worldwide/
It's a matter of surprise now 3000 ATM is world wide and increasing day by day. Situation considers the future world will be accept the bit coin currency.
In my country also available ATM but I never buy any coins from it just because of its high fee. Unless they reduce the fee not many people will buy bitcoins from these ATM's. Only people who don't know how to buy coins from exchanges or want coins urgently then they may buy in a small amount otherwise no investors want to pay a high fee for the bitcoins.
Number of BTC ATMs is unquestionably increases every day, but when you look at map of available ATMs approximately 2500 of the total 3100 is located in North America, 1972 in USA and 535 in Canada. I think that this fact speaks for itself, we are far away to see much better coverage in other part of the world. For instance one small European country Austria have 178 locations, and so-called most friendly county Japan only 11 locations.
Yeah, it kind of destroys the myth of China being the largest country by BTC usage, isn't it?
You can fake trade volume but you can't fake stores accepting BTC or ATMs in service.
When trading was allowed in China they fake volumes, this is true,.But since they ban trading and stop to be friendly even to miners, they are not more important, only thing they are interested now is blockchain. What is more interesting is that in a way of crypto ATMs USA&Canada are far away from others, and by that myth that Japan is most friendly country in the world is not so true. Maybe they are by the regulation, but by interest of people certainly not.
Thats the sad reality,though in Asia specifically philippine has two Bitcoin ATM that located in Baguio city and Makati city.but this is not enough places if our target is to spread this crypto community to the world.
I hope that this continuously increasing of machinery will spand into other countries not just in fewer location,and i think they must be in strategic locations
I do not know is it due to that cryptocurrency is not regulated in Asia or just there is no interest from people, but I read that investing in one ATM can pay back in 3-6 months because buying/selling crypto on ATMs is usually the most expensive and most unfavorable solution for users.
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 a sign that bitcoin is becoming more famous and famous amidst the negative publicity against it. Bitcoin ATM will allow people to have an easy access to bitcoin, they can easily sell and buy bitcoins whenever they want since there are bitcoin atms anywhere. For me these machines can be a life saver sometimes.
Number of BTC ATMs is unquestionably increases every day, but when you look at map of available ATMs approximately 2500 of the total 3100 is located in North America, 1972 in USA and 535 in Canada. I think that this fact speaks for itself, we are far away to see much better coverage in other part of the world. For instance one small European country Austria have 178 locations, and so-called most friendly county Japan only 11 locations.
Bitcoin ATMs by Country
Bitcoin ATMs by Country
There are 190+ countries in the world and just 70 countries have at least bitcoin ATM at the moment. When it comes to Asian and African continents there are very low amount of bitcoin ATMs. That means there are lot more steps to go in order to bitcoin to be more popular among the people.
However, it is good see that bitcoin ATMs already gained popularity in USA, Canada and Europe within 9 years of bitcoin's birth.
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