Bitcoin ATM - page 5. | Bitcointalksearch.org

Yakamoto

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Quote from: Gotottack on December 01, 2016, 09:21:02 PM

Quote from: n0ne on December 01, 2016, 06:20:48 PM

Quote from: fiscorcle on December 01, 2016, 05:13:19 PM

Quote from: Rahees on December 01, 2016, 01:24:10 PM

Do these ATM's take fees?
Not any in England I dont think.

They must take a fee of some sort so to keep operating.
The miner's fee atleast for them to send you bitcoin.

A small fee similar to our transaction fee can be levied. Even debit/credit cards have certain limitations and fees were collected in ATM's for withdrawal of money. Haven't used ATM, but saw a bitcoin card which can be used similar to debit cards in limited shops.

ATMs in our country doesn't have fees if you use them on the ATMs of the bank that issued the ATM card/debit card. But if you use them on another bank's ATM then that is another story. They charge around $0.3 per withdrawal and $0.01 for balance inquiry. So here, you have to find your bank's ATM so you won't have to pay for the fees.

If there would be a Bitcoin ATM, I think it not have fees. Because the transaction is like currency exchange. Exchanges earn from the exchange rate. They buy low and sell high. That should cover the fees of operating a Bitcoin ATM.

Chances are they don't have a direct fee when it comes to transactions or anything, however, I would be very, very surprised if they don't at least have some kind of proxy fee through what value they sell their Bitcoin at. It HAS to be above spot price, otherwise there is essentially no incoming revenue for that business and chances are it is going to die soon.

danherbias07

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I just know one wallet website thatvis connected with a bank and you can use their ATM to withdraw without a fee. Is there anyone who are funding this bitcoin ATM's?

Jiyens3

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Quote from: tubexc on August 28, 2016, 06:27:36 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?

great! you can see live bitcoin atm may be have to more
in my country indonesian , there is not Undecided

tee-rex

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Activity: 742

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Quote from: n0ne on December 01, 2016, 06:20:48 PM

Quote from: fiscorcle on December 01, 2016, 05:13:19 PM

Quote from: Rahees on December 01, 2016, 01:24:10 PM

Do these ATM's take fees?
Not any in England I dont think.

They must take a fee of some sort so to keep operating.
The miner's fee atleast for them to send you bitcoin.

A small fee similar to our transaction fee can be levied. Even debit/credit cards have certain limitations and fees were collected in ATM's for withdrawal of money. Haven't used ATM, but saw a bitcoin card which can be used similar to debit cards in limited shops.

In most cases it is so, and more so if you try to withdraw cash with a bank card using an ATM which belongs to another bank, not the bank that issued your card. But if you withdraw money from the ATM of your bank, you typically don't pay any fees unless the amount is above some limit. And there are banks that pay commissions for you even if you withdraw funds from any ATM you may encounter.

hubballi

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As per my knowledge their is no ATM in my country only local buyer and sellers are their, and even online Bitcoin Debit Cards are not supporting my country

Cloverdale

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Zappo wallet provides ATM also. I think it can be used worldwide. It is accessible in Pakistan.

Zappo? Are you sure about the name?
I think you mean Xapo because they have a physical card that comes with a wallet when you sign up with them.
Your welcome. Wink

nocryinginbtc

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Activity: 33

Merit: 1

Quote from: Gotottack on December 01, 2016, 09:21:02 PM

Quote from: n0ne on December 01, 2016, 06:20:48 PM

Quote from: fiscorcle on December 01, 2016, 05:13:19 PM

Quote from: Rahees on December 01, 2016, 01:24:10 PM

Do these ATM's take fees?
Not any in England I dont think.

They must take a fee of some sort so to keep operating.
The miner's fee atleast for them to send you bitcoin.

A small fee similar to our transaction fee can be levied. Even debit/credit cards have certain limitations and fees were collected in ATM's for withdrawal of money. Haven't used ATM, but saw a bitcoin card which can be used similar to debit cards in limited shops.

ATMs in our country doesn't have fees if you use them on the ATMs of the bank that issued the ATM card/debit card. But if you use them on another bank's ATM then that is another story. They charge around $0.3 per withdrawal and $0.01 for balance inquiry. So here, you have to find your bank's ATM so you won't have to pay for the fees.

If there would be a Bitcoin ATM, I think it not have fees. Because the transaction is like currency exchange. Exchanges earn from the exchange rate. They buy low and sell high. That should cover the fees of operating a Bitcoin ATM.

How about you spend thousands $$ to open your own atm business and not charge a fee. See how long you will be in business.

Gotottack

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Activity: 882

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Quote from: n0ne on December 01, 2016, 06:20:48 PM

Quote from: fiscorcle on December 01, 2016, 05:13:19 PM

Quote from: Rahees on December 01, 2016, 01:24:10 PM

Do these ATM's take fees?
Not any in England I dont think.

They must take a fee of some sort so to keep operating.
The miner's fee atleast for them to send you bitcoin.

A small fee similar to our transaction fee can be levied. Even debit/credit cards have certain limitations and fees were collected in ATM's for withdrawal of money. Haven't used ATM, but saw a bitcoin card which can be used similar to debit cards in limited shops.

ATMs in our country doesn't have fees if you use them on the ATMs of the bank that issued the ATM card/debit card. But if you use them on another bank's ATM then that is another story. They charge around $0.3 per withdrawal and $0.01 for balance inquiry. So here, you have to find your bank's ATM so you won't have to pay for the fees.

If there would be a Bitcoin ATM, I think it not have fees. Because the transaction is like currency exchange. Exchanges earn from the exchange rate. They buy low and sell high. That should cover the fees of operating a Bitcoin ATM.

n0ne

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Activity: 2618

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Quote from: fiscorcle on December 01, 2016, 05:13:19 PM

Quote from: Rahees on December 01, 2016, 01:24:10 PM

Do these ATM's take fees?
Not any in England I dont think.

They must take a fee of some sort so to keep operating.
The miner's fee atleast for them to send you bitcoin.

A small fee similar to our transaction fee can be levied. Even debit/credit cards have certain limitations and fees were collected in ATM's for withdrawal of money. Haven't used ATM, but saw a bitcoin card which can be used similar to debit cards in limited shops.

fiscorcle

hero member

Activity: 994

Merit: 502

Quote from: Rahees on December 01, 2016, 01:24:10 PM

Do these ATM's take fees?
Not any in England I dont think.

They must take a fee of some sort so to keep operating.
The miner's fee atleast for them to send you bitcoin.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: Taki on December 01, 2016, 11:49:13 AM

Quote from: Gotottack on December 01, 2016, 08:06:51 AM

Quote from: triasel on December 01, 2016, 03:35:13 AM

Quote from: tubexc on August 28, 2016, 06:27:36 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?

there is ATM ? it's mean that your country accept bitcoin
in my country indonesian there is not, I hope there will be

You can also google it. I googled Bitcoin ATM in my country and found one quite far from my place. But it's a start. I only use a bitcoin exchange and a platform to buy my coins. They allow bank transfers and convert directly on their website, which is nice. They I just send it to whatever addy it needs to be in. It's easier that way than going to an ATM to buy bitcoins.

I am from Russia and I haven't hear of any bitcoin ATM here. I'm just envy to that cities that have it. That would help many of users to stay taxes for transactions in the past, at least some percent of payment as the tax. I think such ATMs will appear in every big city in nearly future.

yes and same is the case in my area. as in my area still there is no concept of ATM machine, May be in future we can feel the need of ATM machine.
i thin when the number of bitcoin users will increase only then we can think aout ATM.

severaldetails

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Activity: 959

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As far as I know there are only two in my country.
I have never seen one of them because they are too far away.
And from all I have read here, I'm relatively sure I will never use one.
The fees just seem to be too high.

Shenzou

sr. member

Activity: 1414

Merit: 283

I really think that ATM is something that is meant to take your money since it takes fees when withdrawing from a different bank or currency, bitcoin was meant to be used on the internet for fast and safer shopping not to be exchanged into cash so bitcoin ATM is something that great.

crairezx20

legendary

Activity: 1638

Merit: 1046

As far as i know we have 1 ATM for bitcoin here and it is too far here in my country i still not touch it but someone said that they are already saw it and give a photo of the atm.. i hope that they can increase the amount of atm for bitcoin here in my country that near here in my area.. so that i can withdraw and deposit easily..

buwaytress

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Activity: 3010

Merit: 3724

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There are two in my country but both are located near the capital city... and both in upscale neighbourhoods though I suppose that's the only type of people who would buy/sell their bits at the prices the ATMs offer. Anyway I live really far away (on an island so have to fly to reach the capital).

A little bit like the picture online too I guess, regarding who owns bitcoin =)

RobFre

full member

Activity: 172

Merit: 100

I have one here in Florence! I always wanted to try it but it's quite far from my house and I never had the time Undecided

Rahees

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Do these ATM's take fees?
Not any in England I dont think.

ivarweb

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Activity: 3

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Dont saw them in Latvia

Tanic

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Activity: 294

Merit: 250

Quote from: Taki on December 01, 2016, 11:49:13 AM

Quote from: Gotottack on December 01, 2016, 08:06:51 AM

Quote from: triasel on December 01, 2016, 03:35:13 AM

Quote from: tubexc on August 28, 2016, 06:27:36 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?

there is ATM ? it's mean that your country accept bitcoin
in my country indonesian there is not, I hope there will be

You can also google it. I googled Bitcoin ATM in my country and found one quite far from my place. But it's a start. I only use a bitcoin exchange and a platform to buy my coins. They allow bank transfers and convert directly on their website, which is nice. They I just send it to whatever addy it needs to be in. It's easier that way than going to an ATM to buy bitcoins.

I am from Russia and I haven't hear of any bitcoin ATM here. I'm just envy to that cities that have it. That would help many of users to stay taxes for transactions in the past, at least some percent of payment as the tax. I think such ATMs will appear in every big city in nearly future.

Why do you think that bitcoin ATM will help you to run away from all this taxes that exchangers take for every money transfer and cashing out? I think those bitcoin ATMs will take even bigger taxes cause they will have to pay for the place and automat as well.

error08

hero member

Activity: 1036

Merit: 514

Quote from: tubexc on August 28, 2016, 06:27:36 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?

I think there are several bitcoin ATM but it located quite far from here, we have like 3 atm in my country.
Well, if I could go there and try it would be new experience for me, just give it a shot like saving some amount of my money through it.

Topic: Bitcoin ATM - page 5. (Read 7122 times)