Topic: Bitcoin ATMs Worldwide Hit New Milestone, Surpassing 6,000 - page 2. (Read 564 times)
It simply means that the people around the world are starting to get into cryptocurrency because if they are not interested then there will be no atm around the world because they will just lose money. Bitcoin and other cryptocurrencies are now becoming a normal choice for other people in terms of investing into an asset. I hope the number of atms will grow even more.
6k Atm's across the world is pretty good number before we enter 2020 as this is a sign that people starting to get interested into cryptocurrencies and Bitcoin mostly so even this is a small sign that new bull run is on the way. In recent years we barely had 2k Atm's in the world and since then the number tripled so a 60k$ bitcoin is most likely than before. Personally I would expect the number to be around 8k atm's until the end of 2020 or maybe even more.
I cannot say that this is a sign that a bull is coming our way. A Bitcoin ATM does not mean that there will be a pump happening. A large number of buying investors will be the ones who will cause a pump and not the installation of additional ATMs in the world. As far as I observe, Bitcoin ATMs are used more often by those individuals who are already into Bitcoin. New Bitcoin investors will probably not be using ATMs to buy their first Bitcoin.
6k Atm's across the world is pretty good number before we enter 2020 as this is a sign that people starting to get interested into cryptocurrencies and Bitcoin mostly so even this is a small sign that new bull run is on the way. In recent years we barely had 2k Atm's in the world and since then the number tripled so a 60k$ bitcoin is most likely than before. Personally I would expect the number to be around 8k atm's until the end of 2020 or maybe even more.
I can wait to see Bitcoin ATMs will spread over to my place so peoples at here can see the truth about bitcoin that are very popular over the globe and can be trusted. Here we need more exposed about bitcoin and im really hoping to see this ATMs machine will be placed here someday.
Good news, I hope that a bitcoin ATM can soon expand not only in parts of the continent but in all parts of the world, especially in my country, which is only available at tourism sites and that is still very little for BTC ATMs. And besides that it can be very possible also for altcoin or other tokens to immediately realize their tokens at the ATM, not only BTC but like ETH, EOS and others. One problem that is most frequently encountered is the local government's policy regarding the legalization of BTC and its users, really hoping that one of the leaders or people who understand about Crypto can socialize Crypto, BTC to every country in the world, because now it's the digital age everyone must and can feel the benefits of the digital age.
Nice and useful improvement.
But I really don't know what Bitcoin ATMs do. Can you sell Bitcoin and get cash for it? If it has such a property, it is truly magnificent.
I hope a few helpful people in the forum can give me some information about it.
But I really don't know what Bitcoin ATMs do. Can you sell Bitcoin and get cash for it? If it has such a property, it is truly magnificent.
I hope a few helpful people in the forum can give me some information about it.
Depends what your local Bitcoin ATMs support, but generally you're able to trade Bitcoin to cash and vice-versa with Bitcoin and crypto ATMs. Many of them now require verification (ID, etc) for any sort of transfer, or verification above some certain amount of fiat, though I've found most Bitcoin and crypto ATMs still allow you to transact without verification.
If you're looking for Bitcoin ATMs near you (some support alts too), CoinATMRadar (click for link) has a good map for that, which also shows whether or not the ATMs near you allow only buying or both buying and selling. Fees also vary by ATM, though I believe you're paying a premium over getting your fiat from an exchange in most cases. The majority of 'em are still located in North America with the second most being in Europe at the moment, though we're seeing more of these all over the map in general.
Thank you very much for the information.
Bitcoin-Cash exchange is essential. I know there are Bitcoin ATMs in the country where I live, but I don't think there is a Bitcoin ATM in the city where I live.
Such news and developments are particularly important for mass adoption. It is not used as much as banks for now, but I believe they will be much more functional in the future.
It's a pretty good amount for a Bitcoin ATM, I think some countries will do the same thing by placing a Bitcoin ATM near a supermarket, this will make it easier for everyone to make payment transactions using Bitcoin, but there are still countries that prohibit payment transactions using BTC, and for the Bitcoin ATM I think it can grow again in the future
Increasing of Bit Coin ATMs worldwide is showing the wonderful growth in the cryptocurrency industry and this can be helpful for those countries where crypto is not adopted by Government.
Yeah, around 4000 of that ATM is in the US.
Wow! If that's true, then there aren't really a lot of ATM's in the rest of the world and personally I think that's way too many for the states. I don't get the sense that they're very popular, honestly. They aren't anonymous, you don't know where your personal data is going, and the fees are really high compared to an exchange like coinbase. They might be convenient, but convenience isn't really needed when it comes to buying bitcoin in your neighborhood where you probably can't spend them nearby anyway. It's much more cost effective to buy bitcoins on an exchange.I still like to see the number growing, tho it would be so much better if the ATM's asking price was lower. That's got to turn many potential customers off.
That's true, US has the majority of bitcoin's ATM. And if someone thought that Japan, nah, it has like 2 Bitcoin ATM at the moment. I guess it's pretty obvious that US has a lot of traders and crypto adoption is growing but we didn't see it because SEC is still in the middle. Yeah, we need more Bitcoin ATM's around the world, specially in Asia and Africa wherein adoption should happen.
Yeah, around 4000 of that ATM is in the US. So it's just really a matter of time because people (no coiner) are going to try and used Bitcoin ATM and see it for themselves. So it's a win-win situation and we might be closer to the adoption that we are all hoping to happen in the next five years. And I'm sure more companies are going to join this ATM business because it is booming, and operators will grow as well.
https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/
Quote
Here is a list of top bitcoin ATM providers on the market at the moment, which can be recommend. All of the providers have a long tracked positive history on the market:
- Genesis Coin — provides one-way solution Satoshi1 for $6.8K and a two-way Satoshi2 machine for $2.1K on top of one-way price. There is also old Genesis1 for $14.5K.
- General Bytes — provides a one-way bitcoin ATM called BATMTwo for 2849 USD and two-way bitcoin ATM BATMThreeL (basic version) for $7K. There are several different variations of BATMThree models family depending on hardware you choose.
- Lamassu — provides one-way solution Douro ($6.5K), additionally Santo Tirso stand can be purchased to make it two-way for $5.5K making the total cost of two-way Lamassu solution of $12K.
- BitAccess — provides a two-way bitcoin ATM machine for $7K
https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/
America's footprint all over cryptocurrency is bold but on the other hand, the government act like it loathes crypto or disinterested. I am happy China is now out of its shell to publicly accept crypto. Next in line will be America and followed by Europe because it looks inevitable now
Setting up these ATMs is a good innovation but, how many people use it? IMO very few. There are even other altcoins that create their own ATMs. Actually, it can not help us. Instead of this, accepting cryptocurrency as a payment method in some places would be beneficial for the stronger crypto community in all respects. If these ATMs were so useful, people would use them instead of exchanges.
In my opinion, the increasing number of Bitcoin ATMs is a sign of higher demand, it is not possible for providers to install these ATMs without consideration, right?The existence of this ATM machine allows users to make Bitcoin purchases instantly using cash, although the 8-15% service fee does not make it devoid of interest.
These ATM machine could benefit when people are in need of immediate cash meanwhile their fund is still in form of cryptos but otherwise it's not really helpful but I do appreciate their effort to keep adding Atm into public atleast it could increase the recognition of BTC in the eyes of people.
Setting up these ATMs is a good innovation but, how many people use it? IMO very few. There are even other altcoins that create their own ATMs. Actually, it can not help us. Instead of this, accepting cryptocurrency as a payment method in some places would be beneficial for the stronger crypto community in all respects. If these ATMs were so useful, people would use them instead of exchanges.
In my opinion, the increasing number of Bitcoin ATMs is a sign of higher demand, it is not possible for providers to install these ATMs without consideration, right?The existence of this ATM machine allows users to make Bitcoin purchases instantly using cash, although the 8-15% service fee does not make it devoid of interest.
Bitcoin ATMs are established by ordinary people who want to earn money on the selling and buying of cryptocurrencies. this does not tell us about the popularity of cryptocurrencies. the authorities of any country can start cleaning these ATMs at any time.
You have a point here, it's not all about installing those ATMs but how well it's utilized. When I first saw that news on cointelegraph about bitcoin ATMs exceeding 6000 installations, I was really amazed but still I know local authorities will restrict the use to an extent. Well, we need more news about practical use and adoption in real world so it's still OK. 
A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.
Setting up these ATMs is a good innovation but, how many people use it? IMO very few. There are even other altcoins that create their own ATMs. Actually, it can not help us. Instead of this, accepting cryptocurrency as a payment method in some places would be beneficial for the stronger crypto community in all respects. If these ATMs were so useful, people would use them instead of exchanges. 
Yeah, around 4000 of that ATM is in the US.
Wow! If that's true, then there aren't really a lot of ATM's in the rest of the world and personally I think that's way too many for the states. I don't get the sense that they're very popular, honestly. They aren't anonymous, you don't know where your personal data is going, and the fees are really high compared to an exchange like coinbase. They might be convenient, but convenience isn't really needed when it comes to buying bitcoin in your neighborhood where you probably can't spend them nearby anyway. It's much more cost effective to buy bitcoins on an exchange.I still like to see the number growing, tho it would be so much better if the ATM's asking price was lower. That's got to turn many potential customers off.
A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.
In past it like doubled in one year. So we can expect over 10000 at end of next year. Africa is still almost empty.
This is incredible. Every year the number of BTC ATM is growing! If I am not wrong, last year it was 4500 ATM and now its surpassing 6000! So, It means more people are joining in crypto and many merchants/shops are ready to accept Bitcoin payment. Now, we can that day is not far away when people will use Bitcoin as online money worldwide like PayPal or Payoneer. Crypto mass adoption will happen certainly.
The increasing number of Bitcoin ATM is one of the steps towards achieving mass adoption and I expect that in the next coming years, the news will be the growing number of people who use Bitcoin ATM. Banks don't have any choice but to integrate Bitcoin on their ATM if people demand it which I think will happen sooner or later.
It is just silly. Unfortunately, the mass adoption is growing very slow. Huge companies are actively investing into blockchain technologies, but often forget about crypto currencies themselves, so they are not giving any influence on the market.
A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.
For adoption the increase in crypto ATMs is good. Also can be considered useful as an exchange. But, the fee charged is great. I withdrawed the money to try it once and it was my last use. If they make any progress on fee matter, I think it will attract more attention. Jump to: