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Topic: Bitcoin ATM (Read 7122 times)

hero member
Activity: 496
Merit: 500
December 28, 2016, 01:14:14 PM
 
        Maybe Bitcoin ATM in the future can accept Skrill or Neteller !
        It would be an alternative to localbitcoins.com, if the Bitcoin ATM were close to my house evidently  Cheesy
member
Activity: 113
Merit: 10
December 28, 2016, 02:46:06 AM
Hello guys  Grin
How many bitcoin ATMs do you
have in your country?
Here in Portugal there's only one
in Lisbon!
Do you think there should be more in
your country or are sufficient?


In my country there are few, but i never used one and i never saw anyone to use them
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
December 28, 2016, 01:53:35 AM
here in the philippines bitcoins atm cant be done bacause of taxes  Roll Eyes

a bitcoin ATM in any place will have some kind of tax as long as things are regulated, but it doesn't prevent you from setting up a bitcoin ATM.
besides there are more fees and lower price for sell and higher price for buying that makes using an ATM bad idea in my opinion.
hero member
Activity: 1008
Merit: 501
December 28, 2016, 01:36:49 AM
here in the philippines bitcoins atm cant be done bacause of taxes  Roll Eyes
maybe the government will ask, what is bitcoin? lol
how to give taxes to the ATM bitcoin? I do not really know. but bitcoin ATMs are scattered throughout the world, and my country there are also some of
ATM
hero member
Activity: 1764
Merit: 584
December 28, 2016, 12:10:48 AM
here in the philippines bitcoins atm cant be done bacause of taxes  Roll Eyes

Yeah just easier to just cash in at a bank or a 7-11. I believe BDO rebates the fee.
newbie
Activity: 38
Merit: 0
December 28, 2016, 12:05:15 AM
here in the philippines bitcoins atm cant be done bacause of taxes  Roll Eyes
hero member
Activity: 1764
Merit: 584
December 27, 2016, 11:32:27 PM
here in the philippines theres no place on that kind of thing hahaa shabu ATM is better LOL

Those ATMs walk around so you'd have to know beforehand where to find them. They also have irregular schedule.

Back to topic, I don't really know if there are any functioning btc ATMs here. I'm new to bitcoin and haven't cashed in/out yet. The only Philippine exchange I know is coins.ph and the only way to buy btc there is to load it with peso and then convert.
newbie
Activity: 36
Merit: 0
December 27, 2016, 11:04:54 PM
here in the philippines theres no place on that kind of thing hahaa shabu ATM is better LOL
hero member
Activity: 1148
Merit: 504
December 27, 2016, 05:53:20 PM
Never knew that bitcoin has an ATM. Here in my country bitcoin is not even well know. Only those who frequently use the internet know about bitcoin but the average people here don't even know what bitcoin.
there are some bitcoin ATM in the world. in my country there are two bitcoin ATM. but it is far from my town, oh so sad!
I had never used bitcoin ATM but it looks like it will makes it easy to deal fiat / bitcoin
legendary
Activity: 1134
Merit: 1599
December 27, 2016, 05:34:23 PM
Hello guys  Grin
How many bitcoin ATMs do you
have in your country?
Here in Portugal there's only one
in Lisbon!
Do you think there should be more in
your country or are sufficient?

We have around 14 bitcoin ATM in our country (Europe), but the rates are not very good and there are also buy/sell day limits set on the machine, so I don't think they are widely used.

I believe bitcoin users usually use different ways how to earn or convert fiat to bitcoin, than the ATM machines. Grin

Europe isn't a country! Cheesy Probably the biggest disadvantage of using these ATMs is the high commission they take. The lowest one I have seen around me (hours away from my city) was 2.6% but now they rose it up to 3.5%. In my country the only ATMs we got are buying only.
full member
Activity: 182
Merit: 100
🚀 🌏
December 27, 2016, 03:26:40 PM
Hello guys  Grin
How many bitcoin ATMs do you
have in your country?
Here in Portugal there's only one
in Lisbon!
Do you think there should be more in
your country or are sufficient?

We have around 14 bitcoin ATM in our country (Europe), but the rates are not very good and there are also buy/sell day limits set on the machine, so I don't think they are widely used.

I believe bitcoin users usually use different ways how to earn or convert fiat to bitcoin, than the ATM machines. Grin
hero member
Activity: 882
Merit: 500
December 27, 2016, 03:07:23 PM
I think bitcoin ATM is just for now becouse it is used for change bitcoin into fiat and fiat into bitcoin, isn't it?. But if in all people accept bitcoin as currency, they will do not need fiat anymore. I never know about bitcoin atm in my country.
yeah maybe atm bitcoin will not be used or the lower usage when bitcoin accepted throughout the world, but for that to happen would be very difficult, so the current bitcoin atm is still very important to get cash for your bitcoin
Bitcoin is meant to be used on the internet , used for buying and selling online with the minimum fees there is and exchanging it into real money through ATMs defies its purpose, because ATMs are meant to exchange from one currency to another and they take a lot of fees especially if you are withdrawing from another country.
hero member
Activity: 1148
Merit: 504
December 24, 2016, 05:50:29 PM
I think bitcoin ATM is just for now becouse it is used for change bitcoin into fiat and fiat into bitcoin, isn't it?. But if in all people accept bitcoin as currency, they will do not need fiat anymore. I never know about bitcoin atm in my country.
yeah maybe atm bitcoin will not be used or the lower usage when bitcoin accepted throughout the world, but for that to happen would be very difficult, so the current bitcoin atm is still very important to get cash for your bitcoin
hero member
Activity: 644
Merit: 500
December 24, 2016, 04:39:16 PM
I think bitcoin ATM is just for now becouse it is used for change bitcoin into fiat and fiat into bitcoin, isn't it?. But if in all people accept bitcoin as currency, they will do not need fiat anymore. I never know about bitcoin atm in my country.

This is wishful thinking!
Fiat will exist for several more decades!Probably much longer than you may live.
Bitcoin will have to coexist with these scammy currencies.And therefore the number of ATMs will increase more and more.
Bitcoin as one world currency is never going to happen.
But think about the time when people will like to spend only bitcoins. The fiat will also exist but no one will feel the need of fiat to use it. So in that case people will not like to convert to fiat in these ATMs.
hero member
Activity: 588
Merit: 500
December 24, 2016, 03:21:36 PM
I think bitcoin ATM is just for now becouse it is used for change bitcoin into fiat and fiat into bitcoin, isn't it?. But if in all people accept bitcoin as currency, they will do not need fiat anymore. I never know about bitcoin atm in my country.
although bitcoin ATM facility is also not available in my country, but still i think that it will be a good idea because though this people will easily exchange their fiat in to BTC and from  BTC to fiat currency.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
December 24, 2016, 12:06:57 PM
well, it's really cool to have atm bitcoin in a country. I've never seen a picture, but I do not know whether it is genuine or not.
might look cool if we use the atm, using a gold-colored atm card, maybe it would look elegant in the eyes of the people
hero member
Activity: 1008
Merit: 1012
December 24, 2016, 11:25:15 AM
Never knew that bitcoin has an ATM. Here in my country bitcoin is not even well know. Only those who frequently use the internet know about bitcoin but the average people here don't even know what bitcoin.

bitcoin doesn't have an ATM, but there are services out there that are offering a way for you to use their service, with a fee i should add, to be able have access to a machine in order to buy and sell bitcoin to fiat at any place outside.

Bitcoin does have ATM around the world, but those belongs to private companies that are able to provide those service for a high fee, something that should be the way it its, but its a revolutionary thing and new machines for the purpose. With those machines anyone is able to buy and cashout their bitcoin into fiat currency, this is good to show people bitcoin does have value, and isnt just scammers and hackers that does use those.
Those atms don't have to be the ones that the banks provide. Those are heavy and need to be to deter thieves from breaking into them. Remember that Breaking Bad episode?
They can just be a kisok even a tablet as a atm for bitcoin. Just to scan the QR code.
hero member
Activity: 938
Merit: 500
December 24, 2016, 11:19:01 AM
Never knew that bitcoin has an ATM. Here in my country bitcoin is not even well know. Only those who frequently use the internet know about bitcoin but the average people here don't even know what bitcoin.

bitcoin doesn't have an ATM, but there are services out there that are offering a way for you to use their service, with a fee i should add, to be able have access to a machine in order to buy and sell bitcoin to fiat at any place outside.

Bitcoin does have ATM around the world, but those belongs to private companies that are able to provide those service for a high fee, something that should be the way it its, but its a revolutionary thing and new machines for the purpose. With those machines anyone is able to buy and cashout their bitcoin into fiat currency, this is good to show people bitcoin does have value, and isnt just scammers and hackers that does use those.
hero member
Activity: 1470
Merit: 655
December 24, 2016, 10:18:40 AM
Never knew that bitcoin has an ATM. Here in my country bitcoin is not even well know. Only those who frequently use the internet know about bitcoin but the average people here don't even know what bitcoin.

bitcoin doesn't have an ATM, but there are services out there that are offering a way for you to use their service, with a fee i should add, to be able have access to a machine in order to buy and sell bitcoin to fiat at any place outside.
hero member
Activity: 602
Merit: 500
December 24, 2016, 09:16:15 AM
nobody would use them, waste of time and money.
people get btc cheaper via bank cash deposit and prefer to pay more via Credit card or paypal staying warm in their couch

With those country that have many bitcoin users, But for now, since it is still growing and counting on for users I guess the developer still lookig for more usres to do more ATMs to some other countries.

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