Topic: Can more ATM's increase adoption for Bitcoin? - page 6. (Read 2097 times)
The proliferation of bitcoin ATMs in many parts of the world would really help the course to promote the use of cryptocurrencies around the world. Cryptocurrencies especially bitcoin is becoming popular with each passing day, hence with more ATMs around people can easily perform various transactions just as it is done with the usual ATMs we have around. This is a great step to promote mass adoption of bitcoin.
Surely it will, the crowd will get curious about whatever bitcoin is when they see this ATM machine standing in one corner, they'll get curious about whether what is about bitcoin and they're gonna do some research about it for sure.
Would you buy Bitcoin at ATM or nah?
For me, yes I'll consider buying bitcoin at an ATM to try it out but won't do it very often because im sure prices will surely be higher than exchange price for the manufacturer to profit.
Would you buy Bitcoin at ATM or nah?
https://i.ibb.co/WBgt52n/bitcoin-atm-vietnam.jpg
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
Bitcoin ATMs are cool but I have a better option for buying bitcoin. They say buying bitcoin through bitcoin ATMs is quite expensive though I never did it before. I personally prefer buying bitcoin with my credit card that way I can pay less for exchange fees.
Well there's downsides and advantages if there will be more adoption for bitcoin in ATMs. The downsides is you are now negating one of bitcoin's purpose, its secured payment where it is anonymous. Also, how about the exchange rates? Unless they will lessened it, it wouldn't work. Good thing about this adoption is free advertisement. People will get intrigued and curious about it. Sadly, many banks think bitcoin is a competitor, that's why this adoption is unlikely to happen.
ATMs may not be too effective about increasing adoption of Bitcoin but there will be many people that will use these ATMs I think. However, I still prefer doing my transactions over internet.
During my initial days with the cryptocurrency (back in 2012), I had attempted to purchase BTC using many of the exchanges (Mt Gox, BTC-e.etc). But depositing cash with them was very difficult. It was easy to sell your crypto using these exchanges, but it was tedious to purchase BTC or LTC. I ended up buying Bitcoin from Localbitcoins, which happens to be one of the riskier options. I don't think that the situation has changed a lot after all these years. Many of the countries have banned bank accounts for crypto-exchanges. In countries such as China, it is not allowed to trade cryptocurrency for fiat cash. And in India, there is a blanket ban on cryptocurrency exchanges. Under these circumstances, Bitcoin ATMs can be useful for ordinary people to purchase or sell cryptocurrency.
The only real purpose these ATM's serve is to advertise Bitcoin around the world and provide a talking point. Ultimately, they are just gimmicks and anyone who knows anything about Bitcoin would never purchase from these ATM's unless it was an emergency. The premium on these is solely placed on the customer, making them almost obsolete with services such as localbitcoins available in most countries around the globe.
However, if these ATM's became reasonably priced, I do believe that Bitcoin adoption would increase due to the added convenience and security when dealing with a listed company compared to another individual.
However, if these ATM's became reasonably priced, I do believe that Bitcoin adoption would increase due to the added convenience and security when dealing with a listed company compared to another individual.
This question answers itself it's pretty obvious that the more Bitcoin ATMs there are, the more adoption Bitcoin will have. The more people see Bitcoin, on an everyday basis, the more they will buy it. So yes, we need more Bitcoin ATMs in every city around the world.
The only possible way to increase the adoption of Bitcoin is when people understand and know the kinda financial freedom it presents to people for transaction of goods and services. Bitcoin ATMs can not really increase the adoption of Bitcoin by the massive public. People need to first understand Bitcoin before they can adopt to use it...
Recently, there is a bitcoin atm in my community. I saw many people that became curious to what it is. I know that the bitcoin can become more popular because of the atm that are now spreading in different society.
I have to admit, this going to be a convinience to those who are already users of Bitcoin. But for other people who are not familiar(?) will only cause confusion. Curious, but didn't know for what purpose. So the media or the government should take action or announcement regarding this matter, for the mass to absorb what really is it for, and how they can utilize it in their daily lives.
Recently, there is a bitcoin atm in my community. I saw many people that became curious to what it is. I know that the bitcoin can become more popular because of the atm that are now spreading in different society.
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
1) Buying bitcoin in ATM is much safer compare to buying in scam exchanges out there. 2) So it's best that we are going to use the exchanges that we are familiar of and we can surely trust.
3) If in case we can have some bitcoin ATM's also someday, I would be love to use it in my daily conversion either cash in or cash out of crypto currencies to save time also.
3) If in case we can have some bitcoin ATM's also someday, I would be love to use it in my daily conversion either cash in or cash out of crypto currencies to save time also.
1) As long as there's a third party in your transactions, it can never be safe.
2) I see the point, but Banks are not really the most trusted exchange either.
3) So you're not concerned about the exchange rates(?), you know that Bitcoin is volatile, right?
All in all, If there's really going to be a Bitcoin ATM, then this should be directly connected to the blockchain and will not pass through any third party shenanigans.
Buying bitcoin in ATM is much safer compare to buying in scam exchanges out there. So it's best that we are going to use the exchanges that we are familiar of and we can surely trust.
If in case we can have some bitcoin ATM's also someday, I would be love to use it in my daily conversion either cash in or cash out of crypto currencies to save time also.
If in case we can have some bitcoin ATM's also someday, I would be love to use it in my daily conversion either cash in or cash out of crypto currencies to save time also.
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
in my country we have Bitcoin ATMs and they definitely help increase adoption because people see them in stores and it spreads weariness of Bitcoin at the very least, but also many people use them to buy their first Bitcoin or even invest in more cryptocurrencies if they so choose, and they don't have to trust random people online.
Buying bitcoin from the ATM create curiosity especially if you are with your friends and you showing them how the process will be. You're giving them the idea on how the whole thing works, from that point you are also helping the process of campaigning and advertising the entire system. From the view point of unaware people, bitcoin ATM's adds up the process of being well known worldwide.Increasing adoptions can be done in many different ways, you have all the opportunities to help.
Would it not be cheaper to just start using bitcoin directly by accepting it rather than to have an atm to draw fiat with then go to trade?
I think if they are used it will make more sense to have them places in a huge shopping mall.
Who will place the BTM there? They will take a fee and have to fill the machine with fiat. What legal things must they do I wonder. They must need insurance from a bank maybe as well?
I would prefer to use the bitcoin directly but the problem is most of the store don't accept bitcoin as mode of payment so the option is to convert it into fiat, I think those kind of ATM will gradually help the bitcoin users and the community itself. And also I think it will also affect the people to invest in bitcoin with that kind of machine you can see in public. I think if they are used it will make more sense to have them places in a huge shopping mall.
Who will place the BTM there? They will take a fee and have to fill the machine with fiat. What legal things must they do I wonder. They must need insurance from a bank maybe as well?
Would it not be cheaper to just start using bitcoin directly by accepting it rather than to have an atm to draw fiat with then go to trade?
I think if they are used it will make more sense to have them places in a huge shopping mall.
Who will place the BTM there? They will take a fee and have to fill the machine with fiat. What legal things must they do I wonder. They must need insurance from a bank maybe as well?
I think if they are used it will make more sense to have them places in a huge shopping mall.
Who will place the BTM there? They will take a fee and have to fill the machine with fiat. What legal things must they do I wonder. They must need insurance from a bank maybe as well?
in my country we have Bitcoin ATMs and they definitely help increase adoption because people see them in stores and it spreads weariness of Bitcoin at the very least, but also many people use them to buy their first Bitcoin or even invest in more cryptocurrencies if they so choose, and they don't have to trust random people online.
Actually, in my country we don't have an Bitcoin ATM machine for now and hopefully in will happen sooner. I think ATM's increase the adoption for Bitcoin because if they see it, they will have curiousity on how it works and how to used it.
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