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Topic: Bitcoin ATM increasing at rapid rate.... update (Read 1123 times)

full member
Activity: 252
Merit: 105
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November 11, 2017, 01:06:08 AM
#67
Although Bitcoin is not legalized in my country yet but there still some Bitcoin ATM in my city Smiley) But I think it's no needed cause we only can use Bitcoin ATM to sell or buy Bitcoin anonymous but we also can use our smartphone and computer to do it very easily in everywhere but you only can use Bitcoin ATM at the place it's located.
hero member
Activity: 812
Merit: 500
In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.


Glad to see bitcoin are growing and some countries start working with crypto currency and making ATM machines for bitcoin users. First there was a china who were building ATM machines but now every country start taking a part on it and making there own. I wish our governments also make some atms I wish there were one in my area where i can cash out.
full member
Activity: 350
Merit: 100
This is a good news about the increase in the bitcoin ATM in your country, I'm much impressed to hear this. I believe that the more the popularity of bitcoin get increase from one nation to another the facilities like the ATM are increase more people start seeing the benefits of bitcoin and they begin to adopt it. Other countries will have no choice than to adopt it.
sr. member
Activity: 546
Merit: 250
Bitcoin ATMs are mostly growing in europe but unfortunately in asian countries there are still some lack of possibilities to cashout bitcoins. In my country there are still no options except local traders.
hero member
Activity: 994
Merit: 544
In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

Yes definitely its a rapid growth.  I just wonder where you are right now because here in my country, not even a single bitcoin machine was installed.  It must be like a paradise for everyone of you who are using bitcoins since it is easy for you to buy and sell bitcoins.  Considering further that there are many atm for bitcoins then establishments there are using and accepting bitcoin as payment.
full member
Activity: 180
Merit: 100
Bitcoin ATM 's are not in my country, still lot of time require to get the ATM facility, long way to go.

Same here, I didn't have chance to use it but it is exciting me very much as a concept. Just to think about cashing my coins when I needed. I'm living in a little town I do not expect to see it here but major places should have many of those atms.
sr. member
Activity: 2828
Merit: 344
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In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I am so happy and its a great news for you , you're lucky, I wish our government start working on cryptocurrencies and build many ATM machines so the bitcoin users gaining some benefits from it. Also it can save our times and our personal info by providing the bank info name phone number etc to the buyer .
I am also very hopeful about my government will also start working on crypto currencies and will implement the bitcoin ATMs in my country which will be very beneficial for the people for example they will easily transact their money if needed anywhere and anytime without sharing their personal information with the buyer.

Hopefully bitcoin ATMs will spread out similar to bitcoin's fame so that will be enabling people to access bitcoin at conveniences for any common people.
I'm sure it will happen in due time.I have heard once that it my country there is already one bitcoin atm machine but my province is very too far from that area so i'm still hoping that putting nearby an atm machine may be very beneficial to all bitcoin users in our area since there are really lot in here spread out all over the province.
full member
Activity: 420
Merit: 102
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Bitcoin ATM 's are not in my country, still lot of time require to get the ATM facility, long way to go.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
What country are you talking about btw? I've just found an article that lists the average fee on Bitcoin ATM's and it's nowhere near the percentage that you mention.

I'm curious to what city do you live, though I think its no surprise considering bitcoin's popularity nowadays and it seems your country accepts bitcoins well.

His profile indicates that he might be in Romania. Maybe Tszunami98 can confirm?
Still 7% fee is high, really, don't want to sound like cheap but I would rather convert my BTC to Euros and transfer to my bank account.
Fees should go down though as BTC becomes more adopted and if ATM are to be found in more and more places...
well I hope so.  Wink

No, he is not from Romania, he claims to be from Canada

Here in Canada, the price of the bitcoin is approx $3,100 Canadian dollars. However, the ATM gives you a rate of approx $4,100. I deposited $100 and got back $77 worth of BTC. Is this the normal rate?

But I kind a doubt this since his profile looks more like a farming account with that 50/50 activity/posts.
At least we pinpointed the country now people from Montreal or Toronto maybe Vancouver can tell us if there are indeed 92 ATMs there.
Either way the fees are outrageous:
https://coinatmradar.com/bitcoin_atm/1854/bitcoin-atm-general-bytes-vaughan-burrito-squad/
Fees: Buy 10.0% from BitcoinAverage

legendary
Activity: 1652
Merit: 1057
In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I am so happy and its a great news for you , you're lucky, I wish our government start working on cryptocurrencies and build many ATM machines so the bitcoin users gaining some benefits from it. Also it can save our times and our personal info by providing the bank info name phone number etc to the buyer .
I am also very hopeful about my government will also start working on crypto currencies and will implement the bitcoin ATMs in my country which will be very beneficial for the people for example they will easily transact their money if needed anywhere and anytime without sharing their personal information with the buyer.

Hopefully bitcoin ATMs will spread out similar to bitcoin's fame so that will be enabling people to access bitcoin at conveniences for any common people.
member
Activity: 224
Merit: 11
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In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I'm curious to what city do you live, though I think its no surprise considering bitcoin's popularity nowadays and it seems your country accepts bitcoins well.
hero member
Activity: 2604
Merit: 816
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In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

it is a good news for bitcoin user in your city because they can trying to use the ATM machines to deposit and withdraw the bitcoin and yes bitcoin spreading in your city is increase with fast. I am happy to hear and I hope there are more ATM machines in your city and other city that will be available for bitcoin user so bitcoin will be spreads in many places and more people will join into bitcoin world. I think in next year, bitcoin will be grow and accepting in many countries.
sr. member
Activity: 385
Merit: 250
wow ..... if only in my city there, I would be very happy to exchange bitcoin very easy at all. Can be very helpful for urgent needs. very lucky to be in a city that supports bitcoin.semoga can penetrate into town other cities and certainly up to my city.

Your typical bitcoin exchange is more convenient, and it charges less fees. You will in all likelihood only use the bitcoin ATM once to try it and then never touch one again.
hero member
Activity: 812
Merit: 500
In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I am so happy and its a great news for you , you're lucky, I wish our government start working on cryptocurrencies and build many ATM machines so the bitcoin users gaining some benefits from it. Also it can save our times and our personal info by providing the bank info name phone number etc to the buyer .
full member
Activity: 616
Merit: 100
where do you live? in my city there are no atm bitcoin, as i know there are only one region if my country that have bitcoin atm machines, i know that they will put it on that region because that place is mostly visited by tourist from the other countries, maybe someday it will increasing until the other city in my country
full member
Activity: 476
Merit: 103
homt.net
Great i dont know which country you belongs to but its really great move in my country i dint even see a single place where i can pay using bitcoin leave about the concept of withdrawing money from atm .Hope atleast one ATM machine i will see in my country in next few years.
member
Activity: 164
Merit: 19
Wow, it seems like some places are really increasing the amount of ATM's.
Do you guys know if fees are set by manufacturer or person that owns the ATM?
Is there a slit anywhere of all the ATM's?
full member
Activity: 336
Merit: 100
wow ..... if only in my city there, I would be very happy to exchange bitcoin very easy at all. Can be very helpful for urgent needs. very lucky to be in a city that supports bitcoin.semoga can penetrate into town other cities and certainly up to my city.
full member
Activity: 196
Merit: 109
In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

I get really depressed when I read things like this. My country has 4 bitcoins machines so I consider myself really lucky to live in a city with one Smiley Hopefully the trend will come to other parts of the world as well.
My country has 5 bitcoin ATM's with a 7% fee, and 4 of them are in my city, all of them in a 100 meters area Cheesy. Somebody didnt think this thru...

So how is called your city please? :-)
His profile indicates that he might be in Romania. Maybe Tszunami98 can confirm?
Still 7% fee is high, really, don't want to sound like cheap but I would rather convert my BTC to Euros and transfer to my bank account.
Fees should go down though as BTC becomes more adopted and if ATM are to be found in more and more places...
well I hope so.  Wink
sr. member
Activity: 546
Merit: 250
In my city, there was 62 bitcoin machines in June. Now there is 92 ATM machines around the city. Crazy.
In 2013-2014, there was 3 machines.

That shows the popularity of bitcoins. Well in my country people are still unknown about the crypto currency. Its still under developing country here we can sell n buy bitcoins from merchants that have invested and they sell it on great profits. There are no atm machines still here. I wish we could have some.
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