Topic: Crypto ATM - Would you use them? - page 4. (Read 622 times)
I have used it 2 times so far and a few times I have sent some older persons to such ATMs, that have no clue about computers or bitcoin to buy some cause they wanted to make a payment in bitcoins. That said, I think that is one of the reasons why such ATMs would exist in the first place.
The Nordic island country, Iceland, got its first bitcoin ATM located inside a hotel in Hlemmur square, Reykjavik. The person behind introducing the crypto ATM is Bitcoin entrepreneur Jason Scott. The machine also supports multiple cryptocurrencies like bitcoin cash, ether, dash, litecoin, and zcash.The ATM is installed at the Hlemmur Square hotel, owned by German hotelier Klaus Ortlieb. According to Ortlieb, he shall not earn any revenue from the bitcoin ATM but is happy that he could contribute to the Icelandic society.
I've never tried it, and I have no imagine about crypto ATMs.
but for sure, I will look for more crypto and do the mining, then I will withdraw by using ATM crypto.
but for sure, I will look for more crypto and do the mining, then I will withdraw by using ATM crypto.
Some contracts can not be provided because Russia has not yet introduced legal force for the crypto currency.
Yes, just everything
Verification Phase
Getting a bitcoin-address for making a deposit
Depositing cash into ATM
Operation Confirmation
Verification Phase
Getting a bitcoin-address for making a deposit
Depositing cash into ATM
Operation Confirmation
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 have never used ATM crypto like that.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?
if ATM crypto is safer than wallet maybe i will use it because i will put or store my coin assets there
We need crypto ATM's because we forgot the main purpose of bitcoin - It needs to be anonymous.
Governments regulation made every bitcoin account tied to your ID - KYC
BTC ATM's are the only option left to buy bitcoin and remain anonymous. - We need them.
Governments regulation made every bitcoin account tied to your ID - KYC
BTC ATM's are the only option left to buy bitcoin and remain anonymous. - We need them.
To be honest, I do not see what a crypto atm can bring me what I can not do at a regular exchange. For fiat an ATM makes sense because paper money exists. But bitcoin is a digital currency. The only thing I can imagine is that a crypto ATM is good for buying bitcoin anonymous when all the exchanges get regulated. But I if that is the case, I doubt ATMs will stay not regulated for long.
I am 100% agree with this answer. Besides not all countries has such crypto atm and it will be impossible to use it at all.
for now I have never used the machine, but it is not impossible I will use it, as long as it is really ready and feasible to use, not just hanye test event.
The fees are insane. Someone, somewhere, will introduce a better, cheaper ATM, perhaps with some fast and secure alts like LTC and DGB. It would change everything.
I will be happy to use a Bitcoin atm if the fees is reasonable. But the atm I saw has a high fees of 15% which make me think twice of using it. I can easily buy Bitcoin in coinbase or localbitcoin at a lower fees.
I understand why they exist. Conventional banks are making it harder to move money to crypto. Still, it seems that using an exchange is safer, easier and provides better tracking. So, no I don't think I'd use a crypto ATM.
I don't see a big need to use Bitcoin ATM. Their fees damn high and exchange rates are horrible. I would use it only in urgently case when I would need to buy or sell BTC immediately. But in all other cases, I prefer to use more convenient services to exchange crypto.
And even if I would want to try Bitcoin ATM, I would have to travel to other country. In my country there was only 2 Bitcoin ATM's, but both was closed recently because they weren't approved by local tax institution. As owners of these ATM's said, they were getting more popular and had more andmore customers day by day. So, despite all disadvantages, Bitcoin ATM's can find enough users to operate.
And even if I would want to try Bitcoin ATM, I would have to travel to other country. In my country there was only 2 Bitcoin ATM's, but both was closed recently because they weren't approved by local tax institution. As owners of these ATM's said, they were getting more popular and had more andmore customers day by day. So, despite all disadvantages, Bitcoin ATM's can find enough users to operate.
It is basically a choice to do, for I want to use whatever form in cash withdrawal that most importantly can melt quickly and precisely.
I have heard a lot about bitcoin atm in bitcoin forum. But I still don't have the luck to use it. And I don't have any idea about is this arm is in anywhere in India.
Currently there are no BTC/Crypto ATMs in India, and given what the government is regarding cryptos as "not legal tender" I wouldn't expect to see an ATM being established in India soon. Hmmm..... Maybe i will use them if the fee of withdraw is small. It can't be like fee transaction because the fee transaction is really insane. Fees should be about 0.2$ for each withdraw even how much you are withdrawing or else noone gonna use it.
That's not the case right now.
Maybe in the near future when TX problems on BTC is solved. Right now, its impractical to pay a 4-7% transactions fees on that machines. LOL
Hmmm..... Maybe i will use them if the fee of withdraw is small. It can't be like fee transaction because the fee transaction is really insane. Fees should be about 0.2$ for each withdraw even how much you are withdrawing or else noone gonna use it.
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?
As far as it doesn't require my personal informations to be given for using it, then i wouldn't be having any problem in using it. 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?
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?
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?
It is more easy to use because whenever you need it, just open your account via internet. It is less hassle than the normal bank ATM people normally hide there money at.
Also there not much age restriction than the bank which needs 18+ above and requires 2 IDs to just open an account.
Having a crypto atm is nothing short of an advancement in the milestone of digital assets!
This is just plain awesome!
I would definitely use it
This is just plain awesome!
I would definitely use it
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