Bitcoin ATM locations on a rapid increase...

p i e c e

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Quote from: JimmyButlerCollector on August 09, 2017, 11:54:24 AM

Noticed that in the past 3 months, bitcoin ATM locations have increased by 15%. For the past 3 years, it has increased 23-fold.

I have read that in average 2-3 ATMs were installed per day around the world in 2017. And I suppose the pace of this development will rise with the time. This is inevitable process. Cryptocurrencies goes in our daily life.

dhka

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The Experience Layer of the Decentralized Internet

Actually I have no idea how it works and how much it cost for a single transaction, because currently there is no ATM in my country yet. But I heard from someone that Bitcoin ATM charge its user an extremely high fees, like 5-10%, WTF! Based on that fact alone, I prefer not to use it even if I see one here in my country Undecided

Ethereum is still my favorite, the congestion era due to cryptokitties is over now, everything's good Grin

kudosoblique

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According to statistics, there are now about 1,578 bitcoin ATMs as of October this year (2017). The United States has the most, having 1,239 ATMs.

superman22

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Quote from: Anonymous Kid on December 08, 2017, 02:46:29 PM

I am thinking of buying a couple ATM's and setting them up in my city Grin

I am quiet amazed to know that you are going to set up Bitcoin ATM. It would be the world record however I believe that Bitcoin ATM will be more common in coming days. It would be best and more convenient to use in our regular life. More faster and easy to use.

Spoetnik

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FUD Philanthropist™

Quote from: JimmyButlerCollector on August 09, 2017, 11:54:24 AM

Noticed that in the past 3 months, bitcoin ATM locations have increased by 15%. For the past 3 years, it has increased 23-fold.

Junior LOL

We had the first on planet Earth. Vancouver BC, Canada. (then my town Kelowna had #2)
It didn't last long.
They were popping up and then vanishing soon after.. when the crypto-recession hit.

I would bet my left nut you are a scammy predator with puppet accounts.
This place is flooded with shady noob accounts that talk about "3 years ago".
What the fuck would you know about 3 years ago noob ?
And why is every noob that talks here a seasoned crypto veteran ?
Something doesn't add up.. and it makes the point to this topic and it's crypto-propaganda claims shaky at best.

HappyDevil

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ATM bitcoin is a very nice idea but unfortunately I have no ATM bitcoin in my place. My government has not yet recognized bitcoin, so having a bitcoin ATM here is really far away. I would be very happy if my ATM has such bitcoin, my bitcoin transactions will be much faster.

beverly788113

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Atco bitcoins are quite common in many developed countries. However, with bitcoin processing speed is difficult to complete the transaction quickly

AdamRay

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There are many bitcoin atm all over the world. And we can comfortably exchange bitcoins. However, in my country bitcoin is not recognized, so there will be no atm

Anonymous Kid

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I am thinking of buying a couple ATM's and setting them up in my city Grin

Malaya

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Quote from: JimmyButlerCollector on August 09, 2017, 11:54:24 AM

Noticed that in the past 3 months, bitcoin ATM locations have increased by 15%. For the past 3 years, it has increased 23-fold.

Great year for bitcoin to even established these bitcoin ATM machines from different parts of the world. I have also seen one in Taiwan that made me really happy and at the same time surprised because that just gives an impression that bitcoin is progressing well from time to time. By 2018, let's further wait for the bigger things bitcoin can offer to its users. People are even much in bitcoin and even new curious ones are now believing in it. No wonder bitcoin ATMs can increase in numbers soon as well.

dawoodkhan97

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For locating bitcoin ATM's around the world,
you can check this site out: https://coinatmradar.com/

Most of these ATM machines are located in the US
and Europe.

cryptothinker

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I really wish there was some of these in my area. It not only helps who is trying to sell but also who's trying to buy. I think that's the future anyway, we just have to be patient.

JimmyButlerCollector

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Quote from: datodota002 on August 11, 2017, 09:45:28 PM

i wanna ask you if we do withdrawal use Bitcoin ATM is our money go directly to us or our money go to our bank account and we cash it using bank account??
sorry for bad english

ATM machine gives you cash. No bank account.

naidray

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Quote from: mk4 on August 11, 2017, 12:49:59 AM

Quote from: Sithara007 on August 11, 2017, 12:43:17 AM

There are no ATMs in my country, but I don't understand the need to go to an ATM, when you can easily purchase Bitcoins from LocalBitcoins.com for just 2% or 3% markup. I have heard that the ATMs are having markup of 6% to 8%.

It's debatable and purely based on opinion, but like others said, ATMs are good for convenience. Using localbitcoins is convenient, but lets say you're not home and need to buy/sell some bitcoins, then ATMs are far more convenient in my opinion(if you have a bitcoin ATM closeby). Especially when there's an emergency for example, whereas you will surely be in a rush to sell some bitcoins, with a cost of higher fees of course.

Whether or not you like or use bitcoin ATMs though, you can't disagree that having bitcoin ATMs in public is definitely good publicity.

I think if you have a mobile wallet and still you go to an ATM, which will be a pretty dumb act. These bitcoins ATMs are nothing but just another business giving huge profits to owners not users. Why to pay such high charges on ATMs while you can perform same tasks the easier and fast way? I see this technology is just trying to fool innocent people. Bitcoin will be known by everyone very soon, even without such publicity.

datodota002

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i wanna ask you if we do withdrawal use Bitcoin ATM is our money go directly to us or our money go to our bank account and we cash it using bank account??
sorry for bad english

TIDOVEE

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ofcourse its a sign that bitcoin is moving wide, it will definitely make bitcoin use easier, its welcome.

cryptocortex

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Quote from: JimmyButlerCollector on August 11, 2017, 05:45:52 PM

Quote from: cryptocortex on August 11, 2017, 05:40:29 PM

Since there is money to be made (in fees), it's a matter of time before entrepreneurs enter this business, and make the number of ATMs increase quickly.

Already happening brother, 0% fees when selling by the way. Yes, the machine gives you physical cash when you sell bitcoin.

Interesting, zero fee makes it much more attractive. I hope it will not be long until I can see one in my area.

Nesmo

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Quote from: xFiber on August 09, 2017, 12:10:58 PM

Well I don't see that increase in my country. In my country we only have about 4 atms all atleast an hour drive away. I want one in my town haha.

If you want one, you should purchase one of bitcoin ATM then. put in your town, and done.
This machine should be profitable if could meet all terms such as many people use bitcoin (want to exchange cash to bitcoin and vice versa) which usually located in a place where there are a lot of tourist from abroad come to that place, low fees and convenience maintenance costs.

carriebee

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Quote from: jimn on August 11, 2017, 02:30:48 PM

Yes I see that many countries start using this Bitcoin ATM which facilitate buying and selling bitcoins for everybody. But unluckily its not generalized worldwide yet. Most people haven't such ATMs till now

Even here in my country I don't see atleast 1 bitcoin atm here. If other country there is more atm already has been used this means bitcoin has becoming popular. It will added awarenes for those that are not yet into bitcoin.

JimmyButlerCollector

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Quote from: cryptocortex on August 11, 2017, 05:40:29 PM

Since there is money to be made (in fees), it's a matter of time before entrepreneurs enter this business, and make the number of ATMs increase quickly.

Already happening brother, 0% fees when selling by the way. Yes, the machine gives you physical cash when you sell bitcoin.

Topic: Bitcoin ATM locations on a rapid increase... (Read 1277 times)