Bitcoin/ Crypto ATM's | Bitcointalksearch.org

lauder_larger

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Quote from: Oasisman on September 15, 2018, 07:39:04 PM

Quote from: maarx on September 15, 2018, 06:43:31 PM

Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

There are places where ATMS are kept for crypto users. Investa is another ICO came up with projects, This would enhance their coins's values as well the values of other crypto currencies.

That indeed is a very good project to come up with. In the near future when mass adaption of Bitcoin takes place, the kind of project will have a good future in the long run.
While on the other hand, Bitcoin ATMs is very useful and convenient to the people who are close to these machines. I really wish to see one of these, but its absolutely too far from where I am located lol.

You are right that Crypto ATMs are convenient for people but till date the users are few and it will take long time to increase the number of users. Therefore I suggest that in this day there is no need for ATMs and hold this project for future. I don’t think that these ATMs will be used once in a month because investors do not use their coins in local market.

Lydiaglo

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Quote from: maarx on September 15, 2018, 06:43:31 PM

Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

There are places where ATMS are kept for crypto users. Investa is another ICO came up with projects, This would enhance their coins's values as well the values of other crypto currencies when transactions happen via the machines placed. They are in midst of placing ATMs around the market places. They have paired 200 crypto currencies in their exchange and yes this is really tremendous step taken. The marvelous project.

I don’t think that people are using crypto ATMs, because nobody wants to use his coins. Everybody wants to more and more money from his investment and that is the holding reason. The time will come that people will use these ATMs but till date nobody is using it and I think there is no need to install more ATMs in those places where people are demanding.

Fideend

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Quote from: shield132 on September 12, 2018, 05:38:38 PM

Curious but there are more than 4000 bitcoin ATM worldwide. Why curious? Because fees of those ATMs are very, very high and it doesn't worth to use them. I highly doubt people use them often. Maybe some bitcoin enthusiasts just test them and then go away because you have to be crazy to accept their exchange rates. But still interesting if anyone has statistics of how much bitcoin has withdrew from those ATMs.

Yeah you are right, if people do not use cryptocurrency ATMs, then there is no need to install them. Many people put their money in their wallets to earn more and more money from their holdings, very small number of people is using their cryptocurrency. I also think that in this day there is no need of ATM machines. When the use of it increases then it should be installed.

NeeNts

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Quote from: reflector on September 12, 2018, 02:18:51 PM

Quote from: khaled0111 on September 12, 2018, 01:46:48 PM

Here in my country there are no bitcoin ATMs but I am certain if they exist everyone will use it because we face many problems to buy bitcoin or to cash it out.

So yes, ATMs are very useful and can make dealing with bitcoin easier.

Same I am facing in my country too buddy.

What is the use of bitcoin ATM but I believe we will not be able to anonymous on using this bitcoin ATM.
It will be good to have the Bitcoin usage in the form of application or direct web wallet. Most of the people have concern on paper and hardware wallet as a main option.

Already existing ATMs are providing the services of only bitcoin and no other currency as I know but that is also useless. Nobody use those ATMs. My country also has no ATM for cryptocurrency. The people who have invested in cryptocurrency do not use their coins for daily needs; they have held their coins for earning more and more money, that’s why there is no need for ATMs.

Oasisman

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Quote from: maarx on September 15, 2018, 06:43:31 PM

Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

There are places where ATMS are kept for crypto users. Investa is another ICO came up with projects, This would enhance their coins's values as well the values of other crypto currencies.

That indeed is a very good project to come up with. In the near future when mass adaption of Bitcoin takes place, the kind of project will have a good future in the long run.
While on the other hand, Bitcoin ATMs is very useful and convenient to the people who are close to these machines. I really wish to see one of these, but its absolutely too far from where I am located lol.

maarx

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Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

There are places where ATMS are kept for crypto users. Investa is another ICO came up with projects, This would enhance their coins's values as well the values of other crypto currencies when transactions happen via the machines placed. They are in midst of placing ATMs around the market places. They have paired 200 crypto currencies in their exchange and yes this is really tremendous step taken. The marvelous project.

buwaytress

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Quote from: bohr on September 13, 2018, 02:41:40 PM

Quote from: Kemarit on September 12, 2018, 01:23:10 PM

As as Bitcoin ATM is becoming popular its now a target for hackers as well.

https://www.ccn.com/malware-targeting-bitcoin-atms-goes-on-sale-for-us25000/

Damn, those hackers are really one step of the game. I'm not sure if this so called hacks can put a stop on the booming Bitcoin ATM manufacturing business, but I do hope that they can immediately resolved this issues otherwise people aren't going to used Bitcoin ATM.

Hackers are experts at finding vulnerabilities, there are very smart and they have a very deep knowledge about technology and about human nature so I'm not surprised that they have found a way to hack ATMs when there have been many cases of fiat ATMs being hacked in the past, this is something that we will have to learn to live with and if you are going to use a bitcoin ATM you need to make sure that you take the necessary precautions.

I don't doubt that hackers are experts at that, and they have probably found several vulnerabilites with Bitcoin ATMs, but the problem is still finding a way to hack *Bitcoin* itself.

You see, the thing with these machines is that, even if somehow you could trick the machine into spitting out a wallet and private key with Bitcoins, they're all tagged immediately as stolen. How would they be able to liquidate them?

ATMs haven't been hacked yet, or if they have, they wouldn't be sold the way the fakes are now.

Topcarey

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Quote from: reflector on September 12, 2018, 02:18:51 PM

Quote from: khaled0111 on September 12, 2018, 01:46:48 PM

Here in my country there are no bitcoin ATMs but I am certain if they exist everyone will use it because we face many problems to buy bitcoin or to cash it out.

So yes, ATMs are very useful and can make dealing with bitcoin easier.

Same I am facing in my country too buddy.

What is the use of bitcoin ATM but I believe we will not be able to anonymous on using this bitcoin ATM.
It will be good to have the Bitcoin usage in the form of application or direct web wallet. Most of the people have concern on paper and hardware wallet as a main option.

Many countries are facing the same. It is not so easy to install ATMs machine in every country because many countries do not allow cryptocurrency in their countries. It will take long time. In my country to the government has banned cryptocurrency and now they are investigating of the black money which have been invested in cryptocurrency by the people.

realBitcoiner

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Quote from: shield132 on September 12, 2018, 05:38:38 PM

Curious but there are more than 4000 bitcoin ATM worldwide. Why curious? Because fees of those ATMs are very, very high and it doesn't worth to use them. I highly doubt people use them often. Maybe some bitcoin enthusiasts just test them and then go away because you have to be crazy to accept their exchange rates. But still interesting if anyone has statistics of how much bitcoin has withdrew from those ATMs.

Yeah you are right that the ATMs worldwide are not in use. Nobody withdraw their coins from ATMs. So the management of cryptocurrency thought that when people do not use ATMs why we should install more machines. That’s why that has stopped installing more machines. It is good because it is just a waste of money. People use their coins directly from their wallets.

nightways

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Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

I can remember back when I was a newbie, I once read a news that FBI seized thousands of dollars from a Bitcoin ATM in New York. I believe there are people who make use of Bitcoin ATM but that’s if it’s available in your country. There is no Bitcoin ATM in my country, I have not seen one and haven’t heard anyone in my country talk about it. But if you have a Bitcoin MasterCard debit card you can use it in Bank ATM with the MasterCard & Visa Logo on it. I have used a Xao debit card once, but I stopped using it cause of the expenses was too much.

Maricel2017

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Quote from: frostmourne0311 on September 14, 2018, 10:28:19 AM

Crypto's ATM will be more popular in the future, in my country Vietnam, there are only several ATMs in large cities. Grin

Still i am hoping to have that in my area like in your country only few machine operate in different areas in my country but i am wishing to have this near in my area also to make it more popular and will have massive adoption to increase the demand and the price will go high again and again.

frostmourne0311

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Crypto's ATM will be more popular in the future, in my country Vietnam, there are only several ATMs in large cities. Grin

genuin

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I think all are interested in the machines currently available, but in the crypto community that tends to be small, there are still very few machines in their area. machines tend to be placed near communities that use crypto

bohr

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Quote from: Kemarit on September 12, 2018, 01:23:10 PM

As as Bitcoin ATM is becoming popular its now a target for hackers as well.

https://www.ccn.com/malware-targeting-bitcoin-atms-goes-on-sale-for-us25000/

Damn, those hackers are really one step of the game. I'm not sure if this so called hacks can put a stop on the booming Bitcoin ATM manufacturing business, but I do hope that they can immediately resolved this issues otherwise people aren't going to used Bitcoin ATM.

Hackers are experts at finding vulnerabilities, there are very smart and they have a very deep knowledge about technology and about human nature so I'm not surprised that they have found a way to hack ATMs when there have been many cases of fiat ATMs being hacked in the past, this is something that we will have to learn to live with and if you are going to use a bitcoin ATM you need to make sure that you take the necessary precautions.

shield132

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Curious but there are more than 4000 bitcoin ATM worldwide. Why curious? Because fees of those ATMs are very, very high and it doesn't worth to use them. I highly doubt people use them often. Maybe some bitcoin enthusiasts just test them and then go away because you have to be crazy to accept their exchange rates. But still interesting if anyone has statistics of how much bitcoin has withdrew from those ATMs.

reflector

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Quote from: khaled0111 on September 12, 2018, 01:46:48 PM

Here in my country there are no bitcoin ATMs but I am certain if they exist everyone will use it because we face many problems to buy bitcoin or to cash it out.

So yes, ATMs are very useful and can make dealing with bitcoin easier.

Same I am facing in my country too buddy.

What is the use of bitcoin ATM but I believe we will not be able to anonymous on using this bitcoin ATM.
It will be good to have the Bitcoin usage in the form of application or direct web wallet. Most of the people have concern on paper and hardware wallet as a main option.

khaled0111

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Here in my country there are no bitcoin ATMs but I am certain if they exist everyone will use it because we face many problems to buy bitcoin or to cash it out.

So yes, ATMs are very useful and can make dealing with bitcoin easier.

Hannahanto

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Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

We do have crypto ATM machines already in place. Crypto users do use it to exchange from one crypto to other crypto currency. ATMs are facilitated in places where crypto is accepted and used in a wider manner. We do have many ICOs with crypto ATM projects using their own tokens. This makes their tokens value grow up every moment their coins are circulated in the ATM machines.

Kemarit

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As as Bitcoin ATM is becoming popular its now a target for hackers as well.

https://www.ccn.com/malware-targeting-bitcoin-atms-goes-on-sale-for-us25000/

Damn, those hackers are really one step of the game. I'm not sure if this so called hacks can put a stop on the booming Bitcoin ATM manufacturing business, but I do hope that they can immediately resolved this issues otherwise people aren't going to used Bitcoin ATM.

DeadCoin

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Quote from: VXII on August 29, 2018, 01:04:12 PM

Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

I recently came across the ICOs 'Investa". Their project is bringing out their own ATMs for crypto currencies. They have already placed ATMS and in progress of the same. To say the fact, the ATMs are used among-st crypto users as like fiat ATMs. Easy way of converting from one crypto to other crypto. Crypto ATMs are really useful. Its just less in numbers. As its the beginning, ATMs are placed in countries where crypto coins are accepted and where crypto transactions are high. Hope crypto is accepted world wide and all facilities come in place.

Topic: Bitcoin/ Crypto ATM's (Read 10508 times)