Topic: Can more ATM's increase adoption for Bitcoin? - page 10. (Read 2097 times)
Probably it will have an effect of adoption but just a little, crypto enthusiasts probably now how the cost of transaction fee on ATM's machine and I dunno if they prefer to use this ATM's machine or in a convenient way on a local exchange which very fast. It will bring exposure but I don't think about increasing the adoption. Nevertheless, there are too many local exchanges now that you can buy and sell bitcoin at a lower price cost. But who knows after how several years ATM machine are everywhere we can use.
Yes, because its exposure will help to convince people who will see it like it will be the norm in the future and they would definitely check it out if they haven't even heard of bitcoin. But that adoption is not huge as what I think it is average people don't frequently go to atm's and some will do transaction once every month to get their salary. Blockchain and wallets on popular brand of smartphones is still one of the best and key factor to increase adoption rapidly.
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
It depends but currently, the adoption for Bitcoin ATMs will have little to no effect.
The problem with ATMs are not the units but the transaction fees every time a person attempts to withdraw their bitcoins. Rather than using the ATMs, people would save more when they withdrew using other options provided in their respective local exchanges.
Just to give you an example, in the Philippines, there exist 2-3 bitcoin ATMs but no one seems to transact and use the machine. The adoption of every ATM will be the ideal scenario but until the fees are high, the implementation may only cause the opposite effect.
To some extent yeah, I believe it will increase more adoption, having a btc atm around will most likely make people want to boycott the hassle of going to the bank and just opt for crypto, it will even increase the demand for crypto cards, and bring more people into crypto community.
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
I do like convenience, I even bought Bitcoin from ATM in the past, but now I would probably not buy anymore because there are plenty of other methods and ATMs usually have among the highest fees.
On the question from the title, I would also say no. People already know about Bitcoin. They think that's a risky investment and.. not much else.
I think that more shops showing "Bitcoin accepted here" would do better at this phase. A new wave of ATMs can come afterwards.
Our project believe in ATM with low fee ccuniverse. It should help people to buy Bitcoin and crypto without exchanges which are not so satisfied as they should! Many of it in non-english , non-asia countries are very low quality and not secure and not safe.
ATM are the way to ignore it and feel good with buying and selling crypto.
ATM are the way to ignore it and feel good with buying and selling crypto.
Not really. Last time I checked the condition was worst in India. They all ended up predicting that this will increase the black money adoption and no one knows why they started thinking in that way. I mean, bitcoin is just a digital currency with unconditional way of transacting (almost).
Few of the parts in India installed the ATM's and all of them were ceased by government by calling it as "Unregulated ATM's". Though India does not even covers any laws to regulate the digital money transaction properly. (Reference :https://www.business-standard.com/article/economy-policy/india-lacks-laws-to-protect-customers-of-digital-transactions-experts-116120300744_1.html)
But on the far side of earth, there are huge number of ATM's making things great in different way.
The balance should overflow the use of ATM's to make realise people that " Yes bitcoin is another dimension which is accessible "
Few of the parts in India installed the ATM's and all of them were ceased by government by calling it as "Unregulated ATM's". Though India does not even covers any laws to regulate the digital money transaction properly. (Reference :https://www.business-standard.com/article/economy-policy/india-lacks-laws-to-protect-customers-of-digital-transactions-experts-116120300744_1.html)
But on the far side of earth, there are huge number of ATM's making things great in different way.
The balance should overflow the use of ATM's to make realise people that " Yes bitcoin is another dimension which is accessible "
Though buying and selling bitcoin anonymously through some ATMs that doesn't require KYC and doesn't have CCTV cameras is great though.
Can you actually buy bitcoin anonymously at any of these ATMs? How is that possible aside from feeding the machine cash? I didn't think any of these things operated that way, but then again I've never used one. I don't even know where the nearest one is to me.I really have no idea, because I don't have first-hand experience either. Though I've read a multiple times on social media and on Reddit r/bitcoin that some ATMs really doesn't have CCTV cameras, and doesn't really require identification unless you're buying selling a bigger amount(probably $200? just my guess). This is most likely outside of the US though.
I have never seen nor experience how to use these ATM's, but I would be glad to try it in the future, yet I have the feeling that I have to stick on my local exchange for regular transactions, since ATM may have extra charge with every transactions more than my local exchange does.
On the other hand, ATM's will somehow expand the adoption most specially to those people who never turned their attention to crypto currency. Looking at the machine will make them think how this technology is conquering the financial aspects in the market, might as well make them get interested in crypto currency.
On the other hand, ATM's will somehow expand the adoption most specially to those people who never turned their attention to crypto currency. Looking at the machine will make them think how this technology is conquering the financial aspects in the market, might as well make them get interested in crypto currency.
This will indeed increase the adoption base. Most people that are still doubtful will clear their mind when they can see ut openly on the ATM across the cities. Besides, there are still some countries that access to the internet is still a big deal, so ATM will bring BTC nearer to the less privileged people.
With so many Bitcoin ATMs in existence and a growing user base, it is just a matter of time before the authorities turn their attention towards them. Already there were reports from Vancouver about the politicians accusing the ATMs as "money laundering vehicles". They have already forced the cryptocurrency exchanges to fall in line and the next target is going to be the Bitcoin ATMs. And in some of the third world countries (such as India), the ATMs have been banned all together.
I think bitcoin ATMs doesn't really help in increasing adoption. I just don't think it can help a lot in increasing adoption. Maybe passers-by who will see ATMs might get curious about it but probably wouldn't try or use it.
I haven't seen an ATM for bitcoin here in my country. It would be fascinating to see one. But I don't think I would buy bitcoin using it... Though I want to see one in person.
I haven't seen an ATM for bitcoin here in my country. It would be fascinating to see one. But I don't think I would buy bitcoin using it... Though I want to see one in person.
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
Number one disadvantage is the fee, it's too expensive for average joe to buy, in my opinion. I'm sure those transacting thru bitcoin ATM's are either a noob, or you are in hurry to purchase or just want to get the experience of using a ATM.
One advantage though is security, no need to go face-to-face with someone you don't know and the not take the risk of being "physically" assaulted, if you know what I mean. Lots of criminals roaming around the crypto world so if you are paranoid about security, maybe bitcoin ATM is for you.
For those who are interested what the data are, https://coinatmradar.com/
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5595 Crypto ATMs in 74 Countries
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
I did try out to purchase one but that atm is located on the capital city of our country which is far from my hometown but when i traveled to that place i have the chance to buy up
just to explore on how this machine works and yes fees is higher.For adoption, i cant say its total useless yet curiosity would always comes after.
Well yes definitely. In that way, people can easily access their bitcoin wallets and get their cash instantly or use it on bitcoin accepted stores without going to the banks and questioning where did the money come from? or any verifications that the money they received on the account wasn't a dirty money and also, this will attract more users to buy bitcoin anyway, this bitcoin adoption is taking a whole new level and i would like to see a bitcoin atm in my country someday.
One of the people behind shitcoins.club is apparently involved in a cat and mouse game with Polish customs trying to nail him for illegal gambling operations but it's not really a concern for anyone uninvolved.
Right, Poland
One of the countries where playing poker for money is illegal. I hope they won't get him. Prosecuting people for gambling is like prosecuting them for downloading a movie from torrents. It achieves nothing and only wastes taxpayers money. ATMs are great and I hope their numbers keep growing. They are a much better option than going through a personal bank account and do a good job promoting BTC. I saw people approaching them just to find out what they're for.
I wouldn't leave the convince of my room just to make a transaction on an ATM when it can be done on any device in my room using p2p exchanges with less fees.
Then I don't think you're the target audience, if you exchange bitcoins for money or vice versa and use banks, PP, or other financial services your exposing yourself to everyone who has access to the records these companies are forced to keep.
I wouldn't. The price premiums for ATMs are just too much for my taste. Though buying and selling bitcoin anonymously through some ATMs that doesn't require KYC and doesn't have CCTV cameras is great though.
As for adoption, probably a bit? At the least the ATMs make people curious on what bitcoin is, and it gives bitcoin more legitimacy. Though it probably might not help a lot in terms of adoption, it still helps I guess.
As for adoption, probably a bit? At the least the ATMs make people curious on what bitcoin is, and it gives bitcoin more legitimacy. Though it probably might not help a lot in terms of adoption, it still helps I guess.
Maybe you are saying that because you know how to deal with crypto in a better way.
But for those ordinary individuals who want to check on bitcoin, it is a good way to introduce it to them.
Within a hand's reach, people will gonna check this local atm and experience for themselves.
I do agree that it gives more legitimacy and they can actually see a bitcoin machine now, where it is only an imagination before.
It might help in adoption one way or another. It is another means of introducing it to the public.
I wouldn't leave the convince of my room just to make a transaction on an ATM when it can be done on any device in my room using p2p exchanges with less fees.
It's possible to help npbitcoun mass adoption displaying a lot of bitcoin ATM any place of the city's which bitcoin legallyin every country. Maybe 30 to 40 percent of the people in very city's in every possible to encourage what is bitcoin ATM all about and possible to start asking and leaenig what is bitcoin as new money.
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