I used an ATM in Manchester when I visited last June and I was awe. The only downside was the fees for transactions. The fees in addition to the price quote was quite higher above the market rate.
true, its because thats how they earn money in exxhange for peoples convinience in accessing exchange to cash right away, i think their rates of exchange in way higher than the market, like thier buying price is a lot cheaper and thier selling price of you bought it right in the atm is bit higher, but its convinient though. 
Topic: Bitcoin ATM's - page 4. (Read 1077 times)
There's only 1 bitcoin ATM in my country so I haven't got the chance to try and experience it. However, base on reports, doing a bitcoin ATM is so expensive so I wouldn't be surprise if only few people have tried it. The only thing worth trying them out is just to get the experience and for security reasons (hard to do face-to-face transactions, you don't know who you gonna met, so there's a big risk.)
I never used a bitcoin ATM, because my country prohibits bitcoin.
but, I see that public enthusiasm for bitcoin is huge, even in my country, 70% of people adopt bitcoin for their lives.
so, when we see the public demand for bitcoin is greater, the bitcoin ATM will be in every place and spread in every country.
but, I see that public enthusiasm for bitcoin is huge, even in my country, 70% of people adopt bitcoin for their lives.
so, when we see the public demand for bitcoin is greater, the bitcoin ATM will be in every place and spread in every country.
It seems like there are so many bitcoin ATM machines out there. I have never used it, because in my country, the population of bitcoin ATM machines is still very little 
Anyone here use a Bitcoin ATM anywhere? What was your experience like with them?
I saw these two articles that talk about the popularity of these ATM's and how much they're growing every day.
https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country
and
https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/
My other question is if people are worried about the security of these things.
As we all know that bitcoin has made tremendous progress in this passed decade and we guys are seeing progress only but bitcoin has also gone through many obstacles and ups downs in its path but has overcome all and now the most successful crypto currency of all and being on the top of crypto ranking , bitcoin is now ruling over all and the most happy thing is that the progress of bitcoin is still continuing as many countries has legalised its transactions and moreover open countries has even opened bitcoin ATMs also . I saw these two articles that talk about the popularity of these ATM's and how much they're growing every day.
https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country
and
https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/
My other question is if people are worried about the security of these things.
I have never used ATMs for bitcoins, but I think it is very convenient if transactions pass quickly. I think that in the future such ATMs will be in all countries.
I used an ATM in Manchester when I visited last June and I was awe. The only downside was the fees for transactions. The fees in addition to the price quote was quite higher above the market rate.
I have not use it but I know that there are several bitcoin ATM's in some countries but hope to use it when it is within my reach because it is and plus to bitcoin.
Today I think it is impossible. There are many reasons, but the main reason is this work with the government. ATMs are set up automatically means taxes and controls until full cooperation happens. But if there will be terminals, but all our transactions will be known))
SEC so struggling with cryptocurrency and Bitcoin, and thus did not notice the largest number of ATMs in their country?
More than 2000 ATMs. Even in Asia and Japan there is no such amount of ATMs.
More than 2000 ATMs. Even in Asia and Japan there is no such amount of ATMs.
As the uncertainty is still creeping in and most people do not know fully about Bitcoin ATMs, even though they have a large amount of store in their wallet they tend to transact a little amount of it. Furthermore, the high fees and waiting time is also not catching peoples attentions. It still has some major issues to solve so that people can finally use their wallets freely.
I just want to say that this is good news that I have read, This shows that bitcoin goes through some very good developments. And bitcoin ATMs will give something new to the transaction. Thank you for the news that you shared, at least this has increased my experience and insight.
I think that Bitcoin ATM's are a very good idea of looking to the future. The only minuses for this idea is a big fee for using it and little expanded network because it's hard to find them. but all these problems should be solved in the future
I have not yet the experience of using the bitcoin ATM because my location is still a novice as far as bitcoin/blockchain is concerned. But as the adoption of Bitcoin continued globally very soon my location will embrace bitcoin and other altcoins as a means of transaction. But from the experience of those who has used the bitcoin ATM as we read from net, they claim of its effectiveness and hassles free. We keep watching for more experience from new users.
I am yet to have an experience using bitcoin ATM because there is none where I stay. Though it is a welcomed development as it going to aid financial services, I read that there are still a number of issues to be resolved. An example is transaction time.
Anyone here use a Bitcoin ATM anywhere? What was your experience like with them?
I saw these two articles that talk about the popularity of these ATM's and how much they're growing every day.
https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country
and
https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/
My other question is if people are worried about the security of these things.
I saw these two articles that talk about the popularity of these ATM's and how much they're growing every day.
https://coinatmradar.com/charts/?utm_source=The+Daily+Bit&utm_campaign=920580fa66-EMAIL_CAMPAIGN_2018_08_07_01_35&utm_medium=email&utm_term=0_74539b8bec-920580fa66-38042251#by-country
and
https://bitcoinist.com/the-future-of-cryptocurrency-atms-has-arrived/
My other question is if people are worried about the security of these things.
I haven't used it yet. But I look forward to using it. It will be a very nice experience for me. I think it will be used very often in the future. At present, especially at airports, there are many reasons. The airports are very suitable for such operations. It's a lot less risky than cash. Moreover, when the use of Bitcoin becomes widespread, it will be prevented from damaging the exchange for those who are traveling.
This is no doubt a welcome development. It shows progression for cryptocurrency and Bitcoin in particular. But I personally feel, without sounding pessimistic, that there are still haunting issues with Bitcoin and it can not be neglected. Bitcoin will die off if the system is not managed well. Yo don't want to invest such technology in a system without a firm root and policies. Whoever is in-charge of this should go back to the drawing board and fix somethings up before getting to this point. otherwise we might have Bitcoin ATMs in 2019 and in 2020 Bitcoin is history. My opinion though.
The problem using Bitcoin ATM's in my opinion:
1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...
Aside from that, they're really handy and the companies behind them (in my case Bitaccess) are very helpful and have a fast support. I had a transaction where things went wrong, I contacted them and they refunded me.
1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...
Aside from that, they're really handy and the companies behind them (in my case Bitaccess) are very helpful and have a fast support. I had a transaction where things went wrong, I contacted them and they refunded me.
lols, do you think all this can be possible if ATM is planted and during withdrawal they started asking for passport and the rest details in the machine, this makes no sense beside just as you said that the fee will much and we can't qeue for all the confirmations before the bitcoin can be dispense from the machine after receiving the transaction alert from our cellphones.
although in my country i haven't seen any machine that uses or dispenses bitcoin.
I don’t think they dispenses Bitcoin, it is stated that your Bitcoin will exchanged into banknotes (money). Here in our country, we have that too, but much more in a different way. There’s this Bitcoin wallet wherein the amount of Bitcoin or Eth that you’re going to cash out will be converted into money then when you’re going to cash it out, it’s amount is already in your national currency. Then you won’t be needing any ATM cards either, you just need to type the code to cash out. They don’t have expensive fees either.
Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
I do not remember which country it is in, I had a chance to experience it once. they seem to be useful. but some hacking stories are turning. I am uncertain whether they are safe or not.
Jump to: