Crypto ATM - Would you use them? - page 2.

tabas

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Quote from: sammyh on January 25, 2018, 01:04:59 PM

Would like to know if any of you have used such an ATM? If so, why?

There are some rumors that there's one existing in my city but I haven't used it yet.

Quote from: sammyh on January 25, 2018, 01:04:59 PM

If you have never used such an ATM, under what circumstances would you consider using it?

No need for circumstances to consider of using it, I just want to use it for real. I want to feel and experience it. Grin

GeorgiyBilyk

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I've never seen an ATM on bitcoin! What are the most interesting countries in which they are used? !!! But I think that this is the future - soon there will be a lot of them and around the world! So while this is not untwisted, guys take a new idea of business! And you unleash this business in your city!))))

surfinonmyownwavebaby

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I have not and would only consider it in dire circumstances, because not in my sober and rational mind would I pay the 6-8% fees they take straight out of your pocket. Thanks but no thanks.

cardoyasilad

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I've used bitcoin ATM and i can say it's intant to buy or sell your bitcoin tha advantage of this ATM are you don't have to create your account and less hassle.

Kahoy01

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It is a nice idea to have cryptocurrency ATMs which were placed strategically. They would provide more convenience and most of all, a more faster transaction pace which is one of the disadvantages of bitcoin and it is a very slow transaction process. Not only would it provide the such but it could also invite potential users and customers by thinking that if bitcoin is this automated then it must be safe and secured. These are my thoughts guys.

rehydrogenated

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I would love to install a crypto atm in the building my company just bought. It used to be a bank and already has nice security. If I could make even a small comission on the fees I am sure it would make me tons of easy money. I know in my trashy part of town though someone would try to steal it, even if it only accepted debit cards and had no cash inside. I can already see some idiot smashing his car through the glass doors and trying to make off with some 'bitcoins'

Bounty_Hunter

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It seems to me that such crypto ATM is used by beginners who do not know other ways to buy cryptocurrencies.

renggileh

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Quote from: gakadem on March 01, 2018, 12:41:12 PM

Quote from: nick_nick on March 01, 2018, 12:15:50 PM

Quote from: sammyh on January 25, 2018, 01:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

I haven't seen crypto ATM myself but if there should be one; it would possibly be a great step in the crypto world. It would probably facilitate quicker and easy transactions and also attract many people to trade in cryptos

in my country there has been an ATM for bitcoin, and it can be used to withdraw cash directly.
and this is the ATM location address along with the specification of the bitcoin ATM machine:
1. Jakarta
Location: LTC Glodok
Address:
LTC-Glodok
Ground Floor 1
Block B2 no 2
Jakarta, Indonesia
Open hours:
Mon-Fri: 8:30 am - 4:00 pm
Sat: 8:30 am - 12:00 pm
Direction: Fiat ⇄ Crypto
Supported coins:
Fees: 0.9% from BTC-e
Limits: Rp 3 million
ATM Type: BitXatm

2. Kuta, Bali
Location: Bitcoin.co.id Information Center
Address:
Legian Kaja Street, No. 455
Kuta, Bali
Indonesia
Open hours:
Mon-Sat: 9:00 am - 6:00 pm
Direction: Fiat → Crypto
Supported coins:
Fees: Bitcoin.co.id + 3%
Limits: 1 BTC per transaction
ATM Type: Lamassu

3. Ubud
Location: Hubud
Address:
Jalan Monkey Forest 88X, Ubud
Gianyar
Bali 80571, Indonesia
Direction: Fiat → Crypto
Supported coins:
Fees: Bitcoin.co.id + 3%
Limits: 1 BTC per transaction
ATM Type: Lamassu

I just found out that bitcoin ATM also has a withdrawal limit. and that's the same as ATM for paper money.
I am very curious about it, I will try it later if for example I'm on vacation to your country. Grin

Alex789

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quite frankly maybe i will try it moreover this is something new and can be useful for myself personally Grin

gentlemand

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Yes as long as I wasn't forced to dribble my sperm into the KYC slot and the fees and spread weren't too much worse than what I could achieve online. If they're not then there's absolutely no reason to use one.

I'd also be interested in one I could sell to as well. They seem rather thinner on the ground but if you're caught short a widespread network of two way ATMs would be massively useful.

otandelapaz

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Quote from: sammyh on January 25, 2018, 01:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

Yes I would use them, As long as I know that it is 100% safe and the fees are at minimum. And I will only use them if I want my cryptos converted into fiat.
I think it's not advisable to use them for trading. I mean you need to check the environment first before trading right. Do you want to be standing there for hours just to trade. Cheesy

Ashleybarnes2

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I'm not sure I would at the moment. Any good crypto is increasing in value at the moment so it would be silly

gakadem

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Quote from: nick_nick on March 01, 2018, 12:15:50 PM

Quote from: sammyh on January 25, 2018, 01:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

I haven't seen crypto ATM myself but if there should be one; it would possibly be a great step in the crypto world. It would probably facilitate quicker and easy transactions and also attract many people to trade in cryptos

in my country there has been an ATM for bitcoin, and it can be used to withdraw cash directly.
and this is the ATM location address along with the specification of the bitcoin ATM machine:
1. Jakarta
Location: LTC Glodok
Address:
LTC-Glodok
Ground Floor 1
Block B2 no 2
Jakarta, Indonesia
Open hours:
Mon-Fri: 8:30 am - 4:00 pm
Sat: 8:30 am - 12:00 pm
Direction: Fiat ⇄ Crypto
Supported coins:
Fees: 0.9% from BTC-e
Limits: Rp 3 million
ATM Type: BitXatm

2. Kuta, Bali
Location: Bitcoin.co.id Information Center
Address:
Legian Kaja Street, No. 455
Kuta, Bali
Indonesia
Open hours:
Mon-Sat: 9:00 am - 6:00 pm
Direction: Fiat → Crypto
Supported coins:
Fees: Bitcoin.co.id + 3%
Limits: 1 BTC per transaction
ATM Type: Lamassu

3. Ubud
Location: Hubud
Address:
Jalan Monkey Forest 88X, Ubud
Gianyar
Bali 80571, Indonesia
Direction: Fiat → Crypto
Supported coins:
Fees: Bitcoin.co.id + 3%
Limits: 1 BTC per transaction
ATM Type: Lamassu

nick_nick

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Quote from: sammyh on January 25, 2018, 01:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

I haven't seen crypto ATM myself but if there should be one; it would possibly be a great step in the crypto world. It would probably facilitate quicker and easy transactions and also attract many people to trade in cryptos

taufik0911

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Quote from: Barbut on February 28, 2018, 05:56:57 AM

Quote from: Visin on February 28, 2018, 05:40:58 AM

Quote from: tegarp90 on February 28, 2018, 05:02:05 AM

it depends how much fee if we cash out the money with this ATM, if the fee just as same as we transfer bitcoin to a different wallet, i would not use it.
better we sell it first to fiat and then we cash out in paypal or others

Using this and other Bitcoin atm's have been found to be more rewarding to use compared to doing it through a coin broker.

Fees are important, but I will try ATM when I see one. There are two in my country but far away from my city, when I go there or someone install bitcoin ATM in my town I will try to buy some bitcoins just to see how it works. People around ask me a lot about buying bitcoins, and I always say that its possible to buy it on ATM but I didn't try it and I can share with them my experience.
I will definitely try it, its all about process and I will do it when I have a chance for that with some money, how much I have in pocket, I heard how much is minimum for ATM's in that city and I will have it for sure. Maybe I with have luck and see some ATM in my town soon.

I will do it too, try ATM, give a review to everyone and I agree the fee is very important, if we do transaction at atm with exchange directly Fiat to Crypto and Crypto to Fiat the main problem is transaction cost especially for bitcoin which is occupied the first level cryptocurrency with the largest fee

redhondaxrm125

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Merit: 100

Quote from: sammyh on January 25, 2018, 01:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

Bloodyhell. I have seen one and almost tried to use it. Good thing that two days before I planned on using it, my friend already tried it, and man oh man, yhe fees he has payed are jaw dropping! They are extremely high and not fair! I would rather go through the hassle on going to exchanges and wait patiently than to use these type of ATMs. Of course except for emergencies but other than that, no thanks. A little effort for evading that much tax is nothing. Just sayin'..

Barbut

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Quote from: Visin on February 28, 2018, 05:40:58 AM

Quote from: tegarp90 on February 28, 2018, 05:02:05 AM

it depends how much fee if we cash out the money with this ATM, if the fee just as same as we transfer bitcoin to a different wallet, i would not use it.
better we sell it first to fiat and then we cash out in paypal or others

Using this and other Bitcoin atm's have been found to be more rewarding to use compared to doing it through a coin broker.

Fees are important, but I will try ATM when I see one. There are two in my country but far away from my city, when I go there or someone install bitcoin ATM in my town I will try to buy some bitcoins just to see how it works. People around ask me a lot about buying bitcoins, and I always say that its possible to buy it on ATM but I didn't try it and I can share with them my experience.
I will definitely try it, its all about process and I will do it when I have a chance for that with some money, how much I have in pocket, I heard how much is minimum for ATM's in that city and I will have it for sure. Maybe I with have luck and see some ATM in my town soon.

Visin

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Quote from: tegarp90 on February 28, 2018, 05:02:05 AM

it depends how much fee if we cash out the money with this ATM, if the fee just as same as we transfer bitcoin to a different wallet, i would not use it.
better we sell it first to fiat and then we cash out in paypal or others

Using this and other Bitcoin atm's have been found to be more rewarding to use compared to doing it through a coin broker.

Drogean

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I find this great benefit to have at least one near my home. This doesn't mean that I would use it every time because of high fees, but have such a possibility for special moment - that is awesome! And I think the more ATM will appear in the future the lower would be the fees.

Mr. Thang

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Quote from: MattMurdockxDD on February 28, 2018, 04:29:33 AM

Quote from: sammyh on January 25, 2018, 01:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

Have you checked the exchange rate and the transaction fees for crypto ATM's? If they would offer faster transaction with lesser fees then I think it is just logical to use them instead of exchanges. Plus the fact that crypto ATM's offers convenience in getting fiat money. So with every angle considered I think crypto ATM's would be better than the traditional exchanges.

ATMs will give you convenience if you are in a hurry and would need to cash out some bitcoins. Also, if ATMs were made available in numerous locations, I think this would allow users to easily use their bitcoins at any time that they want. If I am a frequent user of bitcoins and would want to cash out daily or regularly, then I would be in favor of crypto ATMs and would always use it if it is fast and has low transaction fees.

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