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I have used BTC ATMs in NYC, Miami and in Vancouver (Canada). In all cases to BUY Bitcoin.
New York did not require ID (years ago) nor anything like a callback number, SMS, etc. Fee was about 8%.
Miami required ID. Fee: 14% (ouch).
Vancouver required NO ID (!), fee was around 7%. The one in Vancouver was the very first BTC ATM I read somewhere. I have a picture around I can post sometime.
Topic: btc atm - page 2. (Read 1318 times)
I probably would not use bitcoin atm because I think bitcoin wallet is very good for bitcoin. If the bitcoin system improved and developed I guess it does not require atm bitcoin, and bitcoin wallet use has been very good.
The last feedbacks i heard about those atm of bitcoin is that their fees are too high, even with some people exchanging their bitcoins into those machines, i wont get near if they keep charging those high fees, i do understand the service its great, be able to cashout from the machine without have to handle another person.
there are some bitcoin ATM in my country but i wasn't use it because the locations out of my town but i just know that using bitcoin ATM the fees will more high rather than using exchange and maybe this is the cause why the developer don't dare to build plenty bitcoin ATM because if the fees more high i think these feature will have lack of interest and people will more likely choose exchange Even I never used any Bitcoin ATM. Because afaik, there's no Bitcoin ATM has been installed on my country (India). Hope some Bitcoin ATMs will be installed near in future.
I think you can create and build first ATM in your country. With more than 1 billion India citizen, I sure ATM bitcoin users will increase only short time. In my country (Indonesia) have more than 5 atm, and 1 atm location is near from my city. 
The last feedbacks i heard about those atm of bitcoin is that their fees are too high, even with some people exchanging their bitcoins into those machines, i wont get near if they keep charging those high fees, i do understand the service its great, be able to cashout from the machine without have to handle another person.
It's really an obvious thing if we compare the service of a bitcoin atm to our preferred way to convert bitcoin into cash. But what if you are in a situation where you don't have any access to internet and you really need to convert bitcoin into fiat and the only way is by using bitcoin atm nearby? You don't have any choices but to use it.
You will disregard the fees to that last resort or last option available. But of course you will just use that if there's no way available.
The last feedbacks i heard about those atm of bitcoin is that their fees are too high, even with some people exchanging their bitcoins into those machines, i wont get near if they keep charging those high fees, i do understand the service its great, be able to cashout from the machine without have to handle another person.
Even I never used any Bitcoin ATM. Because afaik, there's no Bitcoin ATM has been installed on my country (India). Hope some Bitcoin ATMs will be installed near in future.
There are two types of Bitcoin ATM or BTC in short. One requires you to provide your personal information and require advanced KYC procedures before you will be able to buy BTC.
Second type is free from this type of burden and you can buy BTC freely. As you might guess 2nd type is rare but the best option to buy BTC.
Second type is free from this type of burden and you can buy BTC freely. As you might guess 2nd type is rare but the best option to buy BTC.
I never used one and I was wandering if you guys have.
Tell me your experience
I've often heard the news about bitcoin ATM. at the moment I still have not been able to try it, because in my area are not available the device. someday I want to use every day. Tell me your experience
No, i never use bitcoins ATM because there are not bitcoins ATM on local area and there are not people who use bitcoins, will needs long time until there is bitcoins ATM maybe around 20-30 years later if i see growing users of bitcoins on my local area.
Nowadays it is easy to convert your bitcoin to fiat vice versa as long as you have a smart phone, internet and credit card. Amd it is more safer and less fees if you convert it yourself. But I'm still going to try it.
There was Bitcoin ATM presently in our country's main financial district although I myself haven't see it personally eventhough it's just few kilometers away from our work office.
We can buy, get cash and create an online wallet there. I just don't know if it was still there*. For those people here who are living in PH, it's located at Sunnete Tower Condo Suites, Makati Ave. Makati City.
We can buy, get cash and create an online wallet there. I just don't know if it was still there*. For those people here who are living in PH, it's located at Sunnete Tower Condo Suites, Makati Ave. Makati City.
well, i never had the pleasure to see one somewhere, but i would check it out for sure. would i use it? maybe, but i expect the fee to be quite high, so i would do it to support the cause not because i need the coins.
Not yet, but I want to have it and I don't think if there is already an atm bitcoin in our country and this city I lived. But if there is already an atm btc here, well its really nice.
No, I haven't, and I doubt I will ever. I live in a relatively small city regarding the outer world standards, and the closest big city is at a few hours of drive from here.
I never used a bitcoin atm yet and I'm searching for a bitcoin atm nearby me!
For today i have not use it, because in there are only about 2 or 3 bitcoin atm in my country, and they are far from my place. Sure i will use it but not for now. For today i still used exchanger to convert my btc to fiat currency.
Still there are no any bitcoin ATM over here in Nepal, i don't think we will see one in near future and may take few more years for Nepalese government to lossen the rule regarding foreign currency exchange and also increase the tight limitation on how much dollar we can send out of country.
Most of the developing countries are facing these problems regarding foreign currency and without thinking much deeper about cryptocurrency our government have decided to treat bitcoin as foreign currency or better to say still no any clear explanation have been given by them.
But i will love to use one of them when i will be in foreign countries in near future.
Most of the developing countries are facing these problems regarding foreign currency and without thinking much deeper about cryptocurrency our government have decided to treat bitcoin as foreign currency or better to say still no any clear explanation have been given by them.
But i will love to use one of them when i will be in foreign countries in near future.
Not yet I will!!!
I never used one and I was wandering if you guys have.
Tell me your experience
Tell me your experience
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