My answer is Nah, I won't buy bitcoin on ATM machine that I know there is someone wall eye watching me(CCTV camera).
The transaction fee on ATM machine is quite high and almost the same in the exchange rate. So I will rather choose a very convenient way of buying bitcoin on the internet compared to ATM machines. I don't see any significant reason in increasing adoption of bitcoin by using ATM.
However, it will lead to having exposure on bitcoin and probably time to time it will increase users and holders in Bitcoin.
Topic: Can more ATM's increase adoption for Bitcoin? - page 7. (Read 2097 times)
Even if there are many Bitcoin ATM at the moment if the people can't find a way to gain from it. They even don't have care for this. But in my country they use it to pay bills, because there is a third party application that offers less hassle in paying bills, buying load and many more.
Bitcoin ATMs are an extremely important infrastructure of Bitcoin. The reason they are important to the infrastructure of Bitcoin is because they offer the same thing that Fiat ATMs offer for Fiat money. we can get Fiat money by walking down the street and getting the nearest ATM to withdraw some cash from our bank account, but until today Bitcoin ATMs are rare.
Personally I wouldn't buy Bitcoin through ATMs simply because of the fee that is ridiculously high.
how did you know that the fee was high when you said that you didnt buy btc at btc atm. btc atm are like normal atm and they are issued by different brands/banks so i think the fee will not be the same. Quote
However there are significant amounts of people who are willing to take that fee with no problems simply because they don't care or don't know about the fee.
or they are rich and they can afford any fee or they dont care about the fee but as long they can buy easily on these btc atms rather than going anywhere .Quote
i support ATMs though due to the fact they also bring a lot of awareness to bitcoin.
if your sincer about your support then you should use one. show your support and other will be encourage to try it 
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
You know what, I would really love to if I only I have the chance but since I am living far from Makati, Philippines where you can find one of the bitcoin ATMs here in our country then I can't. Well, there's a good news for us tho, I'm looking forward to Unionbank launching more btc ATMs aalomg its branches nationwide for us to have a chance to feel the futuristic living 
. The only problem I anticipate on the first time we will use such kind of machine is on how to operate it by our own but I think it wouldn't be so hard for us because I might say that crypto holders are computer literates already. It's not a big deal, we can surely adapt.
Personally I wouldn't buy Bitcoin through ATMs simply because of the fee that is ridiculously high. However there are significant amounts of people who are willing to take that fee with no problems simply because they don't care or don't know about the fee. I support ATMs though due to the fact they also bring a lot of awareness to bitcoin. Think about the masses of people who go through the mall each day and pass beside the ATMs. They can't miss the bitcoin sign haha
We know consumers love ATM's and the convenience. Would you buy Bitcoin at ATM or nah?
Sadly No. Because most the Bitcoin ATM Require KYC for high Volume Trade. And I heard the price on bitcoin ATM too high from the Current Market Price. But I support ATM's because it makes people curious who have no idea about bitcoin. ATM's are the first step to get bitcoin & start using them or hold bitcoin for the future. I might start using bitcoin ATM in the near future when there will be more ATM providers. Then everyone has to run their business at a fair price.
There are too many equations for bitcoin adaption. Most important of all, I think legal regulations. There are many cryptocurrencies-based card projects, for example. However, we cannot say that card projects are a real benefit to crypto adaption. The same applies to ATMs. The fact that ATMs create awareness. But I think it can't do more.
Are this ATM the same as a regular ATM. I just saw this ATM and I think we need a cash transaction to get into the ATM machine.
The adoption seemed to be a great solution for developing Bitcoin and crypto. But need to be aware of safety, ease people do transactions in the ATM machine. If all good and easy will certainly be more people interested to invest in Bitcoin or crypto. Perhaps with this ATM is still not able to make Bitcoin in mass adoption. But this is a positive thing that might encourage people to get to know Bitcoin.
The adoption seemed to be a great solution for developing Bitcoin and crypto. But need to be aware of safety, ease people do transactions in the ATM machine. If all good and easy will certainly be more people interested to invest in Bitcoin or crypto. Perhaps with this ATM is still not able to make Bitcoin in mass adoption. But this is a positive thing that might encourage people to get to know Bitcoin.
Remember bitcoin is a currency, its a lot different on some coins
for the world to adapt for bitcoin they need to accept bitcoin as currency and needs
to be included as payment all over the world thats what it means by adaptation
because when satoshi creates bitcoin, he dreams of it to be use all over the world and accept it
but as of today only few are using it and some country bans bitcoin
for the world to adapt for bitcoin they need to accept bitcoin as currency and needs
to be included as payment all over the world thats what it means by adaptation
because when satoshi creates bitcoin, he dreams of it to be use all over the world and accept it
but as of today only few are using it and some country bans bitcoin
For the sake of convenience only then i guess the market of the Bitcoin ATM will become slow moving. Most of the banks are now supporting Bitcoin in which we can now use anytime their facilities with cheaper service fees and with the help of cellphones and other online gadgets we are more safe with our fingertip at home.
If you want to increase the penetration of anything, you need to work on 4 A's
In case of Bitcoin, keeping acceptability and affordability aside for a moment, Bitcoin ATM can be really useful when it comes to increasing Accessibility and Awareness which in turn will increase the penetration. This will automatically increase the acceptability of Bitcoin. Right now the most crucial part in awareness and here Btc ATM can be fruitful.
- Accessibility
- Awareness
- Acceptability
- Affordability
In case of Bitcoin, keeping acceptability and affordability aside for a moment, Bitcoin ATM can be really useful when it comes to increasing Accessibility and Awareness which in turn will increase the penetration. This will automatically increase the acceptability of Bitcoin. Right now the most crucial part in awareness and here Btc ATM can be fruitful.
Not sure about that... could be, but it's still something that needs to evolve and gain confidence from the public. There are many ATMs from different companies and most people around the world report that fees or exchange rates are too high. Still lacks competition and a good offer of options.
Sometimes they may be useful for tourists, for an emergency withdrawal, but not for regular use. I never tried, but I heard about ATMs owned by a ponzi company, where you could only buy to "invest" in their scheme. Unfortunately the bad players may cause the opposite, being the reason for more FUD about it...
Sometimes they may be useful for tourists, for an emergency withdrawal, but not for regular use. I never tried, but I heard about ATMs owned by a ponzi company, where you could only buy to "invest" in their scheme. Unfortunately the bad players may cause the opposite, being the reason for more FUD about it...
but the bitcoin atm is actually already good for bringing bitcoin to the next level on currency.
If more and more ATM's can be seen around each country's sides curiosity will bring more people to try and learn this new system of payment service. Every addition towards bitcoin development will help lift the popularity which can result to many more adoptions. Step by step this cryptocurrency will reached another mile of success, everything will begin with efforts that bring both interest and support from the end users around.
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?
I'm definitely going to recommend it, but it's not my option right now we have our own local exchange where we can exchange our Crypto to fiat and buy cryptocurrency, but going back to your question, yes definitely ATM's increase adoption for Bitcoin, ATM's are modern way to dispatch cash it makes things look easy, and if people see that there's already an ATM for Bitcoin, they will realize that Bitcoin is not a joke or a bubble and it's here to stay.
Sure.will be great to have double way bitcoin ATM.There is very few of them in my country
But people are not using them much because cameras are registering his faces and transactions
So it is not so much anonymous that way
The main reason people might not be using bitcoin ATM often is because of the high charges they have to pay for every transaction, if the charges are nominal people will not mind using it as you can get the best offers if you verify your identity in online exchanges and can purchase without much issue. People looking for anonymity bitcoin is not for them But people are not using them much because cameras are registering his faces and transactions
So it is not so much anonymous that way
.
I did not experience using ATM to buy bitcoin because the ATM machine is far my place but we have or my country.
Bitcoin ATM help for the adoption, also it help to promote this coin for the citizens of the country because we know that we love using ATM machine when we are withdrawing our money so for sure the people will be curious about bitcoin and poasible for them to become a future investors of the bitcoin. But the problems to bitcoin ATM machine when we see the rate of buying and selling it's different from the real price like more expensive of buying while the selling is very cheap.
Bitcoin ATM help for the adoption, also it help to promote this coin for the citizens of the country because we know that we love using ATM machine when we are withdrawing our money so for sure the people will be curious about bitcoin and poasible for them to become a future investors of the bitcoin. But the problems to bitcoin ATM machine when we see the rate of buying and selling it's different from the real price like more expensive of buying while the selling is very cheap.
I haven't seen any bitcoin ATM in our country yet, since bitcoin in our country is not yet as exposed as it is compared to other countries. However, I think bitcoin ATM requiring KYCs and not to mention the fees on transacting would not be beneficial for users not unless it's really an emergency. It can help with exposure, but as for adaptation, it might have a little impact. I think retail store accepting crypto or any other establishments accepting crypto can help adaptation.
Not certain because bitcoin are not globally known to many people. but the ATM itself makes it easy to saving through wallet or make transactions among crypto users and withdraw their funds. but the bitcoin atm is actually already good for bringing bitcoin to the next level on currency.
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