Bitcoin ATMs Worldwide - page 2. | Bitcointalksearch.org

OmegaStarScream

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Quote from: NeuroticFish on July 11, 2018, 05:22:08 AM

Heh, Bitcoin debit cards used to go (*) to at least 2-3% conversion fee and 2-3% more to get to national currency. And those are not anonymous.
ATMs are considered anonymous and they have bigger operational costs too. So your 5% expectations are not realistic. (Of course, that doesn't mean that those fees are not way too big.)

Not necessarily. ATMs have a certain limit and some of them will ask you for passport (there is a camera in the ATM). There is of course a workaround, which is using another phone number.

Al the Alpaca

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Quote from: smyslov on July 11, 2018, 06:00:00 AM

I haven't tried cashing out on any bitcoin atm but I love to see one day doing it, it's going to be a great feeling if I can do it, its like Bitcoin has finally come mainstream, but its a part of bitcoin adoption, we now have to work on making countries install many atm so it would make easy for everybody to buy and cashout bitcoin.

Yeah. I think that having a Bitcoin ATM will ables you to be proud of being a Bitcoin earner as well as Bitcoin user. In the past many years, bitcoin is just a piece of shit in the society but as of now, it is treated already as one of the legitimate cryptocurrency in many countries that can exchange into money. This is very good for us.

Ahmadarwani56

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I agree with making atm btc because many people are using bitcoin for their needs and maybe that's a good idea for a country economy

nicster551

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gantez

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Quote from: ubercool on July 11, 2018, 05:30:09 AM

The sad thing is that most of them are just one way ATM's where you can buy Bitcoins. I feel all of the ATM's apart from USA and UK are one sided where you can only buy.

If it is one sided, it means it is deficient somehow because the fiat ATM is dual purpose. Anyway, it is very good to know that the number of ATM for btc is increasing daily.

creeps

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Quote from: KimmyF on July 11, 2018, 05:37:06 AM

When I first see this thread, I look for the country I belong, and see if we have available Bitcoin ATM. And fortunately, I was surprise that we have 9 locations that Bitcoin ATM is available in our country. I also have never been able to see a Bitcoin ATM personally but I hope that sooner or later I'll be able to find and use of it.

Same thing with me, I didn't saw this kind of ATM machine yet but I think if the charging fee for this one is reasonable for sure I will use it. Happy to see that a lot of Bitcoin ATM's around the world, this only means that the world is getting ready for the adoption of this technology, I hope for more bitcoin atm machines in my place.

O9NpJ9ld1opS

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Great find indeed. In my country there is only one Bitcoin ATM at the moment. Some Asian countries like Japan has a large number of bitcoin ATMs. It's indeed good for the whole cryptocurrency industry as a whole. The fees they charge are a bit high though. But as more and more users get involved in crypto, there will be more and more ATMs and fees will probably reduce. Government regulations are a good thing for mass adoption I believe.

mk4

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Quote from: NeuroticFish on July 11, 2018, 05:22:08 AM

Quote from: mk4 on July 11, 2018, 05:11:26 AM

EDIT: woops. Should have checked the link you provided first. 9.15% average fee. I'm definitely not using those. I'd only go for as high as 5% for convenience sake. Welp, publicity is publicity I guess.

Heh, Bitcoin debit cards used to go (*) to at least 2-3% conversion fee and 2-3% more to get to national currency. And those are not anonymous.
ATMs are considered anonymous and they have bigger operational costs too. So your 5% expectations are not realistic. (Of course, that doesn't mean that those fees are not way too big.)

(*) I wrote "used to go" since lately (after the Wavecrest issue) there are not too many card providers, they just started coming back and most don't have updated fees either, so it's hard to tell the current numbers.

Bitcoin debit cards provide a different service though. You use bitcoin debit cards to be able to shop in person and online without the use of cash. Unfortunately BTC payments are simply just not that widespread in most countries currently(especially 3rd world countries).

On bitcoin ATMs, you could use other services(LocalBitcoins, other exchanges) as an alternative to save money from the fees in sacrifice of the convenience. I agree though that 5% on bitcoin ATMs are quite unrealistic unfortunately. I'm just implying that I personally am not willing to pay more than 5% for purchasing bitcoin.

Script3d

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Quote from: smyslov on July 11, 2018, 06:00:00 AM

I haven't tried cashing out on any bitcoin atm but I love to see one day doing it, it's going to be a great feeling if I can do it, its like Bitcoin has finally come mainstream, but its a part of bitcoin adoption, we now have to work on making countries install many atm so it would make easy for everybody to buy and cashout bitcoin.

i dont know but i prefer withdrawing on a remittance provider than on atm because their fees are insanely high i save more using remittance provider than atm. having a atm for a specific thing doesnt mean its mainstream.

nararifki

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this is very interesting news, unfortunately in my country does not exist yet, and I hope there in the next few years

bp124

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Woow..that is a huge list to be honest and i never knew bitcoin had grown to such extent that there are so many bitcoin ATM outlets around the world. This is really a sign of victory to the crypto community since at least there is a hope that bitcoin is being accepted by the masses of people in and even some governments these days are granting the use of cryptocurrencies in their country.

smyslov

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I haven't tried cashing out on any bitcoin atm but I love to see one day doing it, it's going to be a great feeling if I can do it, its like Bitcoin has finally come mainstream, but its a part of bitcoin adoption, we now have to work on making countries install many atm so it would make easy for everybody to buy and cashout bitcoin.

chobani

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Quote from: ubercool on July 11, 2018, 05:30:09 AM

The sad thing is that most of them are just one way ATM's where you can buy Bitcoins. I feel all of the ATM's apart from USA and UK are one sided where you can only buy.

Quite lucky here in Australia, probably around 30% of them allow you to sell as well as buy: https://www.findbitcoinatm.com.au (Australia only site)

Haven't used one yet though

dothebeats

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I happened to use these machines once in Makati (in the Phils.) out of curiosity and after doing ins and outs, I managed to get a net gain of 430 out of the 500-peso bill initial deposit, which hints that the machine takes 7% service or 'convenience' fee which I think isn't that bad when you only do small deposits and withdrawals. It's still better than exchanges when it comes to convenience but AFAIK, these machines can only dispense a certain amount of cash every day, so the question of effectivity and feasibility still stands. Nevertheless, these ATMs make the curious mind dig deeper, thus creating some form of interest from the unknowing Joes and I think that's good.

KimmyF

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When I first see this thread, I look for the country I belong, and see if we have available Bitcoin ATM. And fortunately, I was surprise that we have 9 locations that Bitcoin ATM is available in our country. I also have never been able to see a Bitcoin ATM personally but I hope that sooner or later I'll be able to find and use of it.

ubercool

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The sad thing is that most of them are just one way ATM's where you can buy Bitcoins. I feel all of the ATM's apart from USA and UK are one sided where you can only buy.

Quidat

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Quote from: OmegaStarScream on July 11, 2018, 05:05:12 AM

If you we see the charts, you can notice that the ATMs business is growing and more are being implemented each year so It's definitely exciting.

Havent seen btc ATM yet, but I guess its working pretty good since these kind of business are growing progressively.
I am also surprised by the number of ATM units in my country, probably because it didnt get my interest since I dont have a plan on using these ATM's. Well, I didnt expect we have those so far.

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Quote from: mk4 on July 11, 2018, 05:11:26 AM

EDIT: woops. Should have checked the link you provided first. 9.15% average fee. I'm definitely not using those. I'd only go for as high as 5% for convenience sake. Welp, publicity is publicity I guess.

Heh, Bitcoin debit cards used to go (*) to at least 2-3% conversion fee and 2-3% more to get to national currency. And those are not anonymous.
ATMs are considered anonymous and they have bigger operational costs too. So your 5% expectations are not realistic. (Of course, that doesn't mean that those fees are not way too big.)

(*) I wrote "used to go" since lately (after the Wavecrest issue) there are not too many card providers, they just started coming back and most don't have updated fees either, so it's hard to tell the current numbers.

mk4

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I know bitcoin ATMs probably has higher price cuts compared to buying off an exchange, but how bad are the fees actually? Haven't personally seen a bitcoin ATM personally.

Quote from: OmegaStarScream on July 11, 2018, 05:05:12 AM

CoinATMRadar (the site you mentioned) have all the statistics you need. It's currently 3450 ATMs. I'm pretty sure there are more but this is as accurate as you can get.

If you we see the charts, you can notice that the ATMs business is growing and more are being implemented each year so It's definitely exciting.

EDIT: woops. Should have checked the link you provided first. 9.15% average fee. I'm definitely not using those. I'd only go for as high as 5% for convenience sake. Welp, publicity is publicity I guess.

OmegaStarScream

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CoinATMRadar (the site you mentioned) have all the statistics you need. It's currently 3450 ATMs. I'm pretty sure there are more but this is as accurate as you can get.

If you we see the charts, you can notice that the ATMs business is growing and more are being implemented each year so It's definitely exciting.

Topic: Bitcoin ATMs Worldwide - page 2. (Read 455 times)