BITCOIN ATM MACHINES - page 2. | Bitcointalksearch.org

sana54210

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Quote from: Babyrica0226 on May 01, 2017, 12:51:50 AM

Quote from: bitcon on April 08, 2012, 11:21:51 PM

a bitcoin atm machine would be cool. plug in your USB stick that contains your wallet.dat, and withdrawal the amount of Cash you need.

It is very cool to have an Bitcoin ATM machine in every places of the world. How I imagine if that happen it will surely a very convenient for us to withdraw our bitcoin balance and will dispense according to our currency. Cheesy

This is no doubt , this idea will be get warm welcome but it should be feasible. I am not recommending every place of the world but on the average where the bitcoin is used commonly. Even if you install it at a place where there are less number of people using the BTC can work as a marketing tool for the BTC and people can come to know about it and adopt it.

Cherylstar86

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My country today I wasn't able to see any bitcoin atm machines, but there were banks recommended to cash out your bitcoin balances that you needed. A hope for future implementation in my country soon, and I thinks that's much more profitable with the banks and to the people to have bitcoin atm machines provided by bank owners in my country.

crazycatwoman03

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Quote from: bartolo on May 05, 2017, 09:24:52 AM

Quote from: sportis on May 05, 2017, 09:09:35 AM

In my country there are two bitcoin atm's. One of them is a two way machine, that is, fiat to crypto and vice versa. It's a convenient way but is very expensive for frequent usage. Does anyone is happy paying a rate kraken+7%.

That's because there are few bitcoin ATM machines, there is not much competition, nor are there many other places where users can exchange their bitcoins for fiat money. As more ATMs are installed and more establishments offer the possibility of exchanging bitcoin for fiat or directly making purchases with bitcoin, then the fees will tend to be smaller.

There is only one Bitcoin ATM machine available here in our country. It is located in one of the cities in the capital which makes it unreachable for people, like me, in the provinces. We use other other available cards that supports bitcoin transactions which enables us to withdraw bitcoin into our currency and then to paper money.

stompix

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Blackjack.fun

Quote from: sportis on May 05, 2017, 09:09:35 AM

In my country there are two bitcoin atm's. One of them is a two way machine, that is, fiat to crypto and vice versa. It's a convenient way but is very expensive for frequent usage. Does anyone is happy paying a rate kraken+7%.

Same for me , an extra 6% on an "average" rate I don't form where they take it.
Also I have to scan my id to get cash so it's big no for me.

I'd rather user localbitcoins with cash in person than the atm.

raven7886

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Quote from: asu on May 01, 2017, 01:33:08 AM

Quote from: onrise on May 01, 2017, 01:10:31 AM

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

Me too in my country doesn't have bitcoin ATM Machines. But it not more needed we just need a exchanger that we can exchange our Bitcoin (BTC) to a real money. Well definitely we have a reliable exchange that often us to exchanges our Bitcoin to a real cash and its good. Hopeless that also we have Bitcoin ATM Machines

Why are you hopeless and what drives your moral and motivation down ?

It is still the early age of the bitcoin its recognition and recommendations yet have to be adopted by many of the people. Look at where the bitcoin is standing now it was not there a year before… Why is it like that? These are the thing that keeps me motivated.

bartolo

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Quote from: sportis on May 05, 2017, 09:09:35 AM

In my country there are two bitcoin atm's. One of them is a two way machine, that is, fiat to crypto and vice versa. It's a convenient way but is very expensive for frequent usage. Does anyone is happy paying a rate kraken+7%.

That's because there are few bitcoin ATM machines, there is not much competition, nor are there many other places where users can exchange their bitcoins for fiat money. As more ATMs are installed and more establishments offer the possibility of exchanging bitcoin for fiat or directly making purchases with bitcoin, then the fees will tend to be smaller.

sportis

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Veni, Vidi, Vici

In my country there are two bitcoin atm's. One of them is a two way machine, that is, fiat to crypto and vice versa. It's a convenient way but is very expensive for frequent usage. Does anyone is happy paying a rate kraken+7%.

Xester

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Quote from: ocid on May 05, 2017, 06:03:36 AM

Quote from: Anjing Lu on May 05, 2017, 05:21:00 AM

This is a good idea, with the presence of ATM bitcoin ensure easy bitcoin users conduct transactions mainly take the money without having to use the services of the exchangers.

Yes, i know it sounds it is easy to transact.
But if atm bitcoin there have been many is in all countries therefore should the bank bitcoin in agree on by government.

Bitcoin ATM machines are a good thing and will help bitcoin a lot but the problem is the huge miner fees. In our country the charge per transaction in withdrawing local currency to atm is 7 pesos but the miner fees per transaction for bitcoin is at 60 pesos. Now you see the huge difference the banking charges is much lesser than the miner fees, if only I am not earning bitcoin the huge miner fee will discourage me from using it.

willamT

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Quote from: bitcon on April 08, 2012, 11:21:51 PM

a bitcoin atm machine would be cool. plug in your USB stick that contains your wallet.dat, and withdrawal the amount of Cash you need.

I am waiting for that day to come...!!

ocid

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Quote from: Anjing Lu on May 05, 2017, 05:21:00 AM

This is a good idea, with the presence of ATM bitcoin ensure easy bitcoin users conduct transactions mainly take the money without having to use the services of the exchangers.

Yes, i know it sounds it is easy to transact.
But if atm bitcoin there have been many is in all countries therefore should the bank bitcoin in agree on by government.

KennyR

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Quote from: Anjing Lu on May 05, 2017, 05:21:00 AM

This is a good idea, with the presence of ATM bitcoin ensure easy bitcoin users conduct transactions mainly take the money without having to use the services of the exchangers.

Recently bitcoin ATM's gained more popularity. This in a short got out of use in most of the places causing a reduction in the number of bitcoin ATM's around the world which is mostly due to the increased withdrawal fee than what's been levied by the exchanges.

Anjing Lu

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This is a good idea, with the presence of ATM bitcoin ensure easy bitcoin users conduct transactions mainly take the money without having to use the services of the exchangers.

MoneyIsDebt

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Quote from: fathur.aza on April 25, 2017, 11:56:39 AM

If talking about ATM machine I think it should have its wallet.

it is difficult for the organizers as well to exchange them into the specific currency of the specific person or get linked with different exchanges of different countries. i think this is not a right idea and most of the peoples who used it for investment purpose definetly dislike it.

retrocoingames

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These have to start popping up in Japan soon?!

Kevin77

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Quote from: shinratensei_ on May 01, 2017, 02:09:58 AM

Quote from: SamsungBitcoin on May 01, 2017, 01:44:55 AM

I think much better to have an atm machine for faster cashing out our bitcoin to real money.

Did you ever heard about the atm criminals on USA, It has destroyed by some people.
https://themerkle.com/various-bitcoin-atms-destroyed-in-us-localities/
It's not an effective idea, in my opinion, The bitcoin atm is so weak.

Quote from: SamsungBitcoin on May 01, 2017, 01:44:55 AM

Also i think atm machine was much small charges than using an exchange and also you do not need to wait for confirmation anymore.

In fact, if the bitcoin atm will charge you more than what will you get from the exchange site.
I think you can try to search the old thread in here about that.
In my experience, if i have got over $5 charges just for withdraw my money use bitcoin atm. and it's too far to being worth for bitcoiners.

Oh this really is not good for the exchanges, or maybe there comes a role of the exchange through the ATM development for future, but the transaction will become faster than ever.

I don’t think the Bitcoin ATM service can be provided to most parts of the world. It will charge you more for the conversion into the local currency because a team will be hired for the ATM machine maintenance and these expenses will be definitely paid by the users.

darthmaul

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Quote from: xypos on April 24, 2017, 05:36:51 PM

To be honest, i never was encouraged about any kind of bitcoin ATM machines. I jusg always thought that it is easier for me to buy bitcoins directly by using the bank fiat transfer.
I just simply can do wire deposit on some good cryptocurrency exchange, where I may get good rate while buying the crypto I exactly need.

If you want to use BTC ATM then you need to accept the fact that you will need to pay at least 5-6% on every transaction.
That is why I stay away from such a machines.

Yeah possibly it would be hard to accept the transaction fees. For bitcoin maintaining at physical machine can lead to heavy duties and also Im thinking it would become partially decentralised as government will have some rules and regulations of ATM machines. It might become little difficult to accept the ATM's with virtual currency on it. Plus ATM operator will have to look after regions in which they are operating these machines as Bitcoin is not accepted by each and every person. So transaction will be lesser and maintenance would be more. Its tricky though, but yeah fess will be there. Undecided

shinratensei_

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Quote from: SamsungBitcoin on May 01, 2017, 01:44:55 AM

I think much better to have an atm machine for faster cashing out our bitcoin to real money.

Did you ever heard about the atm criminals on USA, It has destroyed by some people.
https://themerkle.com/various-bitcoin-atms-destroyed-in-us-localities/
It's not an effective idea, in my opinion, The bitcoin atm is so weak.

Quote from: SamsungBitcoin on May 01, 2017, 01:44:55 AM

Also i think atm machine was much small charges than using an exchange and also you do not need to wait for confirmation anymore.

In fact, if the bitcoin atm will charge you more than what will you get from the exchange site.
I think you can try to search the old thread in here about that.
In my experience, if i have got over $5 charges just for withdraw my money use bitcoin atm. and it's too far to being worth for bitcoiners.

SamsungBitcoin

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Quote from: asu on May 01, 2017, 01:33:08 AM

Quote from: onrise on May 01, 2017, 01:10:31 AM

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

Me too in my country doesn't have bitcoin ATM Machines. But it not more needed we just need a exchanger that we can exchange our Bitcoin (BTC) to a real money. Well definitely we have a reliable exchange that often us to exchanges our Bitcoin to a real cash and its good. Hopeless that also we have Bitcoin ATM Machines

Here in my country there is a bitcoin atm machines but i do not know where it is and i think much better to have an atm machine for faster cashing out our bitcoin to real money.
Also i think atm machine was much small charges than using an exchange and also you do not need to wait for confirmation anymore.

asu

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Quote from: onrise on May 01, 2017, 01:10:31 AM

In our country we do not have BTC Atm machine and certainly it will not come because it's not mangef by any institutions here and without any government authority you cannot place such things and it's not even controlled by government this coins . So no question of such machines to be placed.

Me too in my country doesn't have bitcoin ATM Machines. But it not more needed we just need a exchanger that we can exchange our Bitcoin (BTC) to a real money. Well definitely we have a reliable exchange that often us to exchanges our Bitcoin to a real cash and its good. Hopeless that also we have Bitcoin ATM Machines

Idrisu

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Have an a ATM machine were one will just plugs the flash drive that contains your wallet and withdrew cash will be another step forward in making bitcoin acceptable all over the world. Though it should not just be plug in usb and get cash but also a provision were you type in your wallet address and also get cash.

Topic: BITCOIN ATM MACHINES - page 2. (Read 8068 times)