Topic: Are bitcoin cash machines becoming more popular? - page 4. (Read 3075 times)

Bitcoin ATM’s may have the potential to have a bigger audience within the near future because there is not much places where people can spend their Bitcoins after they have earned them from doing some work online. It also seems like Bitcoin ATM’s are harder to hack when compared against regular cash machines.

This site will track deployment and trends of bitcoin cash machines. its growing.

https://coinatmradar.com/

It is definitely growing but the fees are ridiculous. That sector needs more competition to bring down the prices.

I dont really think that bitcoin cash machines are becoming more popular because there is no sight that people in my country are using those machines. They think that those machines are useless and they rather make transaction on the internet insteads

I have seen very few bitcoin atms in smaller towns. Probably larger cities are having them. More foot traffic. I thinfk most people do localbitcoins in my area.

Atm machine is a great way to cash out your coin unfortunately the fee is too high, so if not really urgent people not going to used it and also the rate is not too good, plus it is hard to find in my city, so atm machne is not really popular among active bitcoin users

I can't really see it being a thing that'll ever explode. Their fees are usually too high, some of them have ludicrous AML requirements, and presumably once you've used one and gotten into Bitcoin you find cheaper options.

I personally haven't been seeing a lot of them, but I'm in Western Canada/West USA so there isn't a ton of demand for stuff like this. I know of one or two of them that exist, but not a lot more beyond that and I think there's maybe 5 or 6 in the places that I go to regularly, across two countries.

As for there being no news, it's probably because business is going on as usual. Nothing exciting about the same mundane content.

Last time I checked, there were 4 bitcoin atm's in my city, maybe more now, idk. I've seen two of them. They were both two way, meaning you can buy or sell bitcoins. The thing is though, as a poster mentioned above, the rates are less favorable for the user. It cost more fiat to buy bitcoin and you get less fiat in return if you sell bitcoins.

It seems these machines are also franchised - at least the one machine I tried to use just to try it out. The one I tried to use wasn't working so I called the number and it was some local guy who said he was the owner of it. We got to talking over the phone and I asked him stuff about the bitcoin atm. The guy said he bought the machine from the company that made it (I don't remember the name) and that he can set the rates at whatever he wants. I don't remember if there was an extra fee as well on top, there may have been.

Since it wasn't working, he offered to drive over since he was just 15 minutes away to do a trade in person if I wanted to at the same rate. I declined, explaining that the only reason for me trying to use his btc atm machine was to just try it.

With so many more convenient and cheaper ways to buy/sell bitcoin, the only way I see btc atms as becoming more popular is if the rates were more comparable to those other methods.

Of course now there are many countries where Bitcoin is banned, but it may not be so cardinally that a person is shot near an ATM. And whether you have such things happen in North Korea, then I would not be surprised. Although there is information that some countries have introduced criminal liability for currency transactions with crypto currency.

bitcoin has gotta be great if you live in one of them shit countries where you can't trust your local currency or get ahold of precious metals.    Freedom from corrupt government officials unless they kick down your door and shoot you, that is. :p  North Korea, anyone?

I do think so. I have found more and more bitcoin machine in my countries and other countries, Bitcoin will soon be used by everyone and people will pay attention to what is going on their street. 

Bitcoin ATMs are a godsend to their owners.

They can get hundreds of people wandering by a cafe or wherever they put it and half of them will think "oh, Bitcoin, I've heard a bit about that, how can I be super alternative and cool by buying it?"

Then they put shitloads of effort into figuring out what wallets to use and how it works just to end up with Coinbase, and they buy some Bitcoin from the ATM with a fee of 10% or something.  Boom, the ATM is rich because of people doing some gimmick instead of a reputable exchange or service.  Bitcoin is rooted online and Bitcoin ATMs are pretty dumb since you're transferring between actual currencies instead of different forms of the same currency.

Here in my country only 1 ATM machine here and waiting for more atm we be launch in the future like other said switzerland has many bitcoin atm machine so bitcoin is growing in their place.. we know people  will always curious if they seen there are new like bitcoin machine that can push the value increase . if more banks trusting bitcoin there are possibility that more bitcoin will be launch someday..

I think they becoming more popular, at least in my country. I see that more and more ATMs are opening. At the first there were just two in the capital and now there are couple of them in other cities too. ATMs are convenient and easy to use, anonimous too, and that is why people like to use them.

In Switzerland there's a massive amount of Bitcoin ATM's that you can find everywhere. Literally on every single train underground stop there's machines with nice screens to trade BTC at:

https://bravenewcoin.com/news/largest-swiss-railway-company-turns-1000-ticket-machines-into-bitcoin-atms/

This will only keep going up as Switzerland becomes a Bitcoin haven. As the banks end their possibility to be private for customers, Bitcoin will be the next level.

I'm not sure sure that Bitcoin ATM's becoming more popular. Maybe in countries where many people using bitcoins these machines are popular. But in whole my country there are only one Bitcoin ATM. Main problem that Bitcoin ATM's charging to big fees.
But I can say that Bitcoin debit cards is really getting popular.

Can you name that service, I'm interested to try it.

There are a few in my city. The fees are obviously higher, but I think when people need it urgently they don't mind a few percent more than market.

Mo' poppylar?  I ain't never seen one yet!  Where they at?

i didn't see it will became more popular in my country and most of the bitcoiners is not interested using it because they says it the fees for each transactions was pretty high rather than convert into local exchange