Can more ATM's increase adoption for Bitcoin? - page 2.

LbtalkL

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There's no need for bitcoin ATM no more, fiat? Well yes!
Lots of gadgets have overshadowed the need for bitcoin ATM as individuals can easily explore and transact from the comfort of their homes using those gadgets

But the question is will it increase adoption for bitcoin? OP is not comparing it about how convenient is ATM or some gadget, etc. For a country that few people only believe in crypto or bitcoin, this really helps the adoption. If your local bank opening a bitcoin ATM for sure many will be curious and interested and start trusting it. Gaining the trust of the community is a core key to a nationwide or worldwide adoption.

TO OP:

Quote

Would you buy Bitcoin at ATM or nah?

It really depends on the rate, I will always go for the higher rate, ATM rate or others, but it depends on the availability and situation.
If I really need the money that fast I better choose ATM.

finaleshot2016

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The location of bitcoin atm here in my country is near our home. Until now, I still don't find any reasons to buy it. I'm already having a great experience on making transactions on the internet and direct withdraw it on my personal bank using my phone. Bitcoin ATM is good idea but not essential anymore for users but I see a little good effect of it on the community, people will see that Bitcoin is really legit due to existing ATM of Bitcoin.

bitbunnny

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I don't think so, to my opinion Bitcoin ATMs are not so popular anymore. In digital era when you can get everything online and with the help of your mobile phone I don't see much use of Bitcoin ATMs and how could they improve Bitcoin adoption. For better adoption we need more education and promotion.

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Quote from: White Christmas on November 11, 2019, 04:05:11 AM

Maybe someday I will be intent to buy bitcoin into the atm machines if it requires but now I don't see any reliance to buy bitcoin into the atm machine because as we all know, before you to be able to make a transaction in to the atm machine or banks you need to submit your personal data or information for you to be known by the banks and to do some kyc in order to avoid malicious action that may do into the atm machines, if that's the case then it would be hard for us who are here in the crypto because we prefer to be unknown and if it needs to submit kyc then it would be a problem.
Another one is in the banks it has taxes when you will buy bitcoin or cryptocurrency so it would be also a problem for us because we don't intent to pay taxes and that's why we want cryptocurrency, and we intent to buy to other people bitcoin than atm that requires taxes.

Maybe with increase many ATM in every country give space for government want to allow and legal using bitcoin as currency payment, bitcoin friendly currency payment with faster and transparent data each transaction never manipulated. Now many country have available for ATM bitcoin to increase bitcoin member safety using bitcoin as legal currency payment.

White Christmas

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Maybe someday I will be intent to buy bitcoin into the atm machines if it requires but now I don't see any reliance to buy bitcoin into the atm machine because as we all know, before you to be able to make a transaction in to the atm machine or banks you need to submit your personal data or information for you to be known by the banks and to do some kyc in order to avoid malicious action that may do into the atm machines, if that's the case then it would be hard for us who are here in the crypto because we prefer to be unknown and if it needs to submit kyc then it would be a problem.
Another one is in the banks it has taxes when you will buy bitcoin or cryptocurrency so it would be also a problem for us because we don't intent to pay taxes and that's why we want cryptocurrency, and we intent to buy to other people bitcoin than atm that requires taxes.

loafof

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I think having properly working Bitcoin ATMs is more important than having lots of BTC ATMs in the city. From my experience, almost all of those ATMs were either (i) out of cash for withdrawals (ii) charges ridiculous fees (iii) spoiled with no staff around to help or phone number to call

yulionoo

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in my opinion the existence of a bitcoin ATM will not encourage mass adoption. because adoption or not it all depends on the decision of a country. if the country legalizes bitcoin then adoption will be realized even though in that country there is no bitcoin ATM.
but I appreciate that the existence of a bitcoin ATM can at least be used to promote bitcoin to lay people who have never known bitcoin. at least with a bitcoin ATM. they will ask what is bitcoin?

gabmen

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Quote from: Edraket31 on November 10, 2019, 11:13:47 PM

Having a Bitcoin ATM is another good way to create awareness, curiosity to people, for sure for some people who doesn't have any knowledge at all about Bitcoin, will ask question from the people and from the bank, and those who are into crypto will be glad and will be encourage more as they have seen that there is already market and the adoption for crypto is already there, so it is really a big plus for all of us.

Right. Having these atms more more visible in a lot of locations would create cusiosity and eventually awareness, especially for those who have limited or no knowledge about crypto. It can also change other people's mindset that crypto is not just a scam. Being able to see these ATMs on the street confirms it's legitimacy and can put confidence into people's minds.

Edraket31

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Having a Bitcoin ATM is another good way to create awareness, curiosity to people, for sure for some people who doesn't have any knowledge at all about Bitcoin, will ask question from the people and from the bank, and those who are into crypto will be glad and will be encourage more as they have seen that there is already market and the adoption for crypto is already there, so it is really a big plus for all of us.

Wintersoldier

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Quote from: Google+ on November 10, 2019, 07:48:17 PM

I think to be able to adopt bitcoin not from bitcoin atm but there must be many sellers who accept payments using bitcoin because if only by increasing bitcoin but those who accept bitcoin are still very little it will not have a good effect, increase the use of bitcoin for transactions so many will adopt bitcoin and prices can also grow.

Basically even if there's no bitcoin ATM, people can still adopt bitcoin through convenience store such as 7/11, I myself is considering to accumulate and save crypto from the convenience store. Because for me, it is quite safer compared to a bitcoin ATM that we can just find if there is, to someplace that we aren't sure. Mostly because, if there's a problem that persists, we don't have someone to ask how to solve it. On the other hand, convenience store has their cashier that will be somehow responsible to contact their management whenever incase problems occur.

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I think to be able to adopt bitcoin not from bitcoin atm but there must be many sellers who accept payments using bitcoin because if only by increasing bitcoin but those who accept bitcoin are still very little it will not have a good effect, increase the use of bitcoin for transactions so many will adopt bitcoin and prices can also grow.

d3nz

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Quote from: dimastegar on November 10, 2019, 06:55:18 PM

Buying Bitcoin through an ATM might be weird for me lol. Although it can be a fast and practical way, but for me it sounds strange. Maybe the transaction fee is also a bit expensive compared to buying it through Crypto Exchanger.

It is an alternative way to buy bitcoin and i think much safer but the rate could be dofferent and much higher but its still good since its no hassle than to contact people or exchange it online if you need are changing bitcoin to fiat.

And this is great and people will surely get into it. The value of bitcoin will surely rise once people rhink that bitcoin ks really a good for long term investment.

dimastegar

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Buying Bitcoin through an ATM might be weird for me lol. Although it can be a fast and practical way, but for me it sounds strange. Maybe the transaction fee is also a bit expensive compared to buying it through Crypto Exchanger.

panganib999

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Increasing bitcoin atm's migjt increase the convenience that crypto owners are struggling to have at this moment. Having many of it will make non. crypro people curious about ehat it was for and that will spark the start of their search about it knowing it phase of their life and will or might lead to adding the adoption of bitcoin that we are all aiming and thinks that this massive adoption is the only thing that stops bitcoin and being so perfect asset.

Clark05

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Here in my country we have few ATM bircoin and Im really glad that we have that and Im pretty much sure that it will increase the numbers of the ATM bitcoin in my country. I saw that the buy in that bitcoin ATM was very high compared to the wallet so I think Im using still to buy bitcoin to the online wallet instead of that. Also the selling bitcoin is very low but if the rates are closely I will use it but it's very big difference.

gantez

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I think on the contrary, it is more adoption that will create the need for bitcoin ATM for faster usage. You can not put something on nothing and it will stand. The thing is there will be need for ATM for it to be installed, if you install and it is not used that means people are not having bitcoin enough to have that kind of need to use ATM on it. So the few who have it can keep using their phone gadgets.

kaya11

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A big yes, they should put more effort on the design of bitcoin atm. The fact that some says it could be the future money means it should be futuristic also in design, that way people would be attracted more. These days, most people are seeing the outside design and then after on search and get some knowledge of the product, imagery is just powerful.

Shasha80

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With its many bitcoin ATMs scattered in various places, of course there will be an increase in adoption for bitcoin.
Because ordinary people who see it will be curious and find out about bitcoin. This is a positive way of spreading
bitcoin, but for I personally use an ATM to buy or make a bitcoin exchange transaction. I will not do it because
lacks privacy and is quite expensive. But once in a while maybe I will do it if there is indeed a bitcoin ATM on
the area where I live, to just be curious to feel how a bitcoin transaction with an ATM machine.

fiulpro

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Unfortunately they are very scarce and one should understand that something that is scarce would actually take a lot of money for their services that would actually prove to be problematic .
I don't think I would be comfortable with this , I would rather do that online on the certain websites that I trust and then just , receive the money in the bank account.
They might be fraud too and I have seen people having problems with this thus I don't think it will go that good.

congakia113

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There are already more than 4,000 bitcoin ATMs worldwide! The popularity of Bitcoin is increasing every day, and the services using BTC are increasing rapidly. I think that someday, domestic bank ATMs will accept BTC like Visa, ..

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