Are bitcoin ATMs worth using? | Bitcointalksearch.org

groll

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Quote from: FXD3 on September 06, 2016, 02:11:58 AM

The high fees are really a big minus, but in our country, you still have the anonymity, because it still works without an ID or something

They need those fees to maintain the machine and other things needed to continually give everyone in your country the good service of that bitcoin ATM. I wish that there are also bitcoin atm here in our country. That would be really a hit and it could help to raise curiosity and awareness to those who do not know anything about bitcoins. It would be safer I think than the ordinary atm since you are the only one who knows your bitcoin address.

FXD3

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The high fees are really a big minus, but in our country, you still have the anonymity, because it still works without an ID or something

virusasog

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Quote from: Ryan Dugan on September 05, 2016, 04:52:10 PM

I use a ATM for the bank many times. The bitcoin ATM will be even better. I just dont want the fee to be a high price . I think of the fee is high many people will not use it and it will be abandoned.

Yeah bitcoin debit card is the wise idea to transfer the money to fiat easily and you can use bitcoin ATM machines to reduce the forex charges and exchange fees. If you use bitcoin debit card you can reduce the these charges.

Noctis Connor

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Quote from: esprit985 on July 26, 2016, 12:18:36 AM

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

I don't trust bitcoin atm's because some people are creating this thing to scam people who are using bitcoin so that they can easily get your bitcoin wallet information and then send it to them if in online shopping yes i would prefer to use it rather than bitcoin exchange site it less hassle for me.

Doamader

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Quote from: Ryan Dugan on September 05, 2016, 04:52:10 PM

I use a ATM for the bank many times. The bitcoin ATM will be even better. I just dont want the fee to be a high price . I think of the fee is high many people will not use it and it will be abandoned.

Banks provide that service, the atm belong to them soo thats why they dont charge nothing or a tiny fee if you arent at your country. Bitcoin atm are quite expensive and wont be abandoned, otherwise it would already happen, and instead of those they are putting more and more atm around the globe.

Ryan Dugan

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I use a ATM for the bank many times. The bitcoin ATM will be even better. I just dont want the fee to be a high price . I think of the fee is high many people will not use it and it will be abandoned.

coinsocieties

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I would have to say that an exchange site would be the best bet at this time. There are not to many bitcoin ATMs at this time around where I am in the USA, so it would be hard for me to use it here, but I do not know what that situation would be like where ever you are from. Good luck with what you are going to do.

Universat

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Quote from: marleybobthedog on September 01, 2016, 11:24:17 AM

Not really worth. As there is no possibility of using bitcoin offline in our country so having atm is of no use. And all i buy with bitcoin is online and only for digital goods. As very less website accept btc.

i think that in those areas where the users of bitcoin are too much and where people have the facilities to use bitcoin in their markets for buying and selling there the ATM machines will be worth but in those areas where the users of bitcoin are not so much there bitcoin ATM is useless.

springgers

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I think they are worth using if they located in an area around you, The rate isn't that competitive IMO and I wouldn't go around for one, it's relatively cheaper than Coinbase or the like but it's still the hassle of going to a far place for a non-competitive rate is too much.

rickadone

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Quote from: Achargeturry78 on September 02, 2016, 09:41:25 AM

Quote from: vero on August 10, 2016, 12:47:23 PM

of course worth, you can pull out the money from your bitcoin wallet without having to do an exchange like you usually do to sell bitcoin into fiat money.

It is worth to use , but is atm bitcoins are safe? the question here is , is the bitcoin atm's safe to use ? because if the atm's that can be skimped then probably bitcoin atm's too where it can get your information then someone are going to still your bitcoin usually i am more using exchange website.

I feel bitcoin ATMs are worth and safer but fees seem to be the thing that is killing the Bitcoin ATM concepts. In future, it will be easier to charge lower amounts of fees due to the higher amount of transactions will be processed. I think then people will change their opinion and more people will be using them.

Achargeturry78

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Quote from: vero on August 10, 2016, 12:47:23 PM

of course worth, you can pull out the money from your bitcoin wallet without having to do an exchange like you usually do to sell bitcoin into fiat money.

It is worth to use , but is atm bitcoins are safe? the question here is , is the bitcoin atm's safe to use ? because if the atm's that can be skimped then probably bitcoin atm's too where it can get your information then someone are going to still your bitcoin usually i am more using exchange website.

Fatanut

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I can't think of a reason why would a Bitcoin ATM not be worth using. I haven't seen one in my area because I live in the province but I'd really like to try bitcoin ATM someday. There's a service in our Bitcoin wallet (coins.ph) that allows us to do cardless withdrawal but it's only for a certain bank. That way, an ATM will turn into something like a Bitcoin ATM. You can withdraw you Bitcoin from an ATM machine. Apparently, though, that certain bank isn't available in my area.

Gaswuwade

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If there is one next to you it might be worth using regularly "The fees aren't that good but it's easier than PayPal trades", I did it once probably just for the fun of it and to get my "private key",it is easy to anyone familiar with bitcoins and it's terms but a little difficult for newbies.

groll

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We never have it here in our country but that would be awesome. I think using it is a convenient way of reloading or buying a bitcoin for online shopping. I hope that there are freebies or special thing if you use atm bitcoins. Maybe there would be an extra points or satoshi everytime you use it.

luxuryvilla

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The fee is very high, maybe 5%-10%, it is no way to use it, just my opinion. I prefer buy and sell btc on the exchanges.

n691309

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Quote from: esprit985 on July 26, 2016, 12:18:36 AM

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

The advantage of using bitcoin ATMs is that you can buy bitcoin without contacting anyone, without worrying that you will get scammed by someone. Using ATMs sometimes is cheaper because you just go there and purchase but sometimes the fees are high (don't know exactly how much are, maybe is different in countries).

rio3233

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I think yes, it's worth using atms bitcoin and also it's make other people that not using bitcoin become curious what and how bitcoin works. I'm sure bitcoin atms have so many worth.

asriloni

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Quote from: calkob on September 02, 2016, 03:21:46 AM

I think they are great at promoting bitcoin, if people start seeing bitcoin atm's everywhere it will be great for the brand. Although i do think that they are abit pricey but sometimes if you are only buying a small amout then its fine, and its good to support those who accept bitcoin.

I worried that people will think that bitcoin is some short of bank or anything related into it if the bitcoin ATM were placed near to local's bank ATM
some people will try to search in the internet what is bitcoin but the rest is not,they will just let their opinion,if there's some short explanation in the ATM that'd be great to entertain people

calkob

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I think they are great at promoting bitcoin, if people start seeing bitcoin atm's everywhere it will be great for the brand. Although i do think that they are abit pricey but sometimes if you are only buying a small amout then its fine, and its good to support those who accept bitcoin.

dearbesz1219

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Quote from: esprit985 on July 26, 2016, 12:18:36 AM

Some friends and I are considering using a bitcoin ATM to do some online shopping. Would it be worth using a bitcoin ATM rather than just an internet exchange site?

What are some advantages and disadvantages to both? Any tips or anything I should know ahead of time before using an ATM?

Thanks in advance!

Perhaps, in the country bitcoin worth using who accepting it so well. But in the country who did not accept yet the system of bitcoin its yet worth useful. Maybe sooner or later.

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