Topic: Are there some charges to use Bitcoin ATMs ? (Read 454 times)

Once again - just because there are much betetr alternatives than ATM, its still good to have them. Having more competition is what brought the fees down.

I used them for years but luckily now I have much better options available, but still I like the idea of having more options than not and I just don't understand that " be lucky that you don't have ATMs in your country" mindset.

You probably might have viewed this from a different angle from mine, and of course, Bitcoin ATM is not useless, I never said that. But this is a means that people transact Bitcoin and part ways with an insane amount of money. Since there are better alternatives that would save you more money, won't you go for it? Even an above-average person would weigh their options, which conceived what I wrote.

That's more reason why I added a rich country because, in rich countries, people might still want to sacrifice the charges, not that it doesn't pinch them at all, but because they have good statuses which makes it sacrificeable. Upon that, the charges will still reduce the number of patronage of the ATM machines in the rich countries compared to though there were no high charges attributed to it. How much more in developing/underdeveloped countries?

I can assure you that it would be worse in those countries because almost everyone would prefer the better alternative channels because they would believe that the charges are even enough to do better things with their lives than to sacrifice it on a Bitcoin ATM. Now tell me, what is the use of Bitcoin ATMs littering the country abandoned? It is better to put it in the country where it will be in regular use and not left redundant.

It's actually not like that. As far as I feel while being in crypto, especially for bitcoin, I personally don't feel that the government in my country is strictly limiting this because seeing from what is happening now even though I have only been in crypto for a few years, my country's government is actually giving a good thing because they facilitate crypto even though this is only used as a commodity but there are no restrictions or even prohibitions for everyone to be in crypto, it's just that we also have to comply with regulations that crypto is still only used as a commodity not as a means of payment.
In fact, if you look at the seriousness of the government in my country in crypto, there is actually something quite proud where one of the governors in the Indonesian region some time ago became a speaker bitcoin conference 2023 in Miami and gave a promise where there is a project that will later have mining in Indonesia even though it has not yet been implemented.


10% for the fee is really too high. We can do a lot of things with that already if your withdrawal is quite high but even so, 10% is a big no just for a fee.

I'll take the other route of going through some exchange and use them as an outlet to get that money of mine and will pay little amount or commissions of theirs for the process.