If I can automatically convert my digital assets into local fiat, then why the not?!
I will definitely use it!
Topic: Crypto ATM - Would you use them? - page 5. (Read 629 times)
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?
I think crypto atm's are great and they help a lot of people. First of all it is a lot easier to just go with cash and buy directly from the atm and it sends your bitcoin to you wallet directly by showing you qr code to the machine. You just introduce the money and thats all. When we are talking about an exchanger, first of all you have to create an account, then probably verify it and you also need a credit card(not all exchangers accept it) to buy bitcoin. The fees are undoubtedly smaller at the online exchangers but it could be difficult for a newbie, so it is easier for them to choose the atm.
For some people it isn't that easy to access an exchange (they might not have a bank account, a credit/debit card, etc.), some may not want to provide a government ID as some exchanges require, so having the Fiat to Crypto ATM is a good option.
I would prefer it if it was the other way around, being able to withdraw Fiat from your crypto accounts (of course this would also depend on the exchange rates and fees to withdraw). But, I still feel safer handling those transactions at home, because I am not sure how much info can be "recorded" by those machines.
I would prefer it if it was the other way around, being able to withdraw Fiat from your crypto accounts (of course this would also depend on the exchange rates and fees to withdraw). But, I still feel safer handling those transactions at home, because I am not sure how much info can be "recorded" by those machines.
It would be awesome to use an ATM when I go out and need fiat for food or getting into clubs and such and for everything else I use bitcoin already.
It will solve the problem of needing a wallet with me (I mean actual oldschool wallet not bitcoinwallet ^^ ) When I can keep my phone with my bitcoins on it to withdraw from an ATM. I just don't like the high fees.
It will solve the problem of needing a wallet with me (I mean actual oldschool wallet not bitcoinwallet ^^ ) When I can keep my phone with my bitcoins on it to withdraw from an ATM. I just don't like the high fees.
Obviously use an exchange if you can and I have never used an ATM although there is one 30 minutes away from my house. The only way I would use a Bitcoin ATM was if I was in another country, had some worthless currency and could benefit from converting to Bitcoin at the moment. I don't envision these things happening, but I won't say never.
If you have never used such an ATM, under what circumstances would you consider using it?
I think if you are travelling around and don't want to use credit cards (with all the fees they charge when you use them outside the country), these ATMs are handy. You stock up with bitcoin before you go, and then use the ATM to convert to cash at your destination.
I would love to, having a full understanding of how it works and how to use it....it will help the crypto currency platform to succeed in implenting a faster way of buying and selling through ATM machines.
I not use crypto ATM yet because it not available in my country. if one day there is crypto atm in my country of course I want to try it because basically crypto atm was created to make it easier to crypto users.
There are a lot of crpto ATM springing up these days due to traders seeking convenient way of cashing out their money. But you must know that it don't make any difference for using other money services because the fees are high and only profit the AtM owners.
Very few countries have bitcoin ATM so most of us here only see it on the internet, But I know with time cryptocurrency ATM will spread across the globe.
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 better write specifically what it is that people would have had no idea what was going on at all.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?
Cryptoadm program that provides a graphical interface to run cryptooperation (encryption, digital signature), the management of digital certificates, certificate revocation lists, cryptographic service providers, etc. Applicable for the protection of personal data, such as: file encryption, sending via e-mail is encrypted and signed documents, and commercial and state companies to protect documents, ensuring the legal significance of their exchange.
If I understand correctly the author what he means
I have never heard of such things. Still i would be happy to use exchanges at minimal cost rather than going to any atm for just conversion of crypto atm to cash. I think ATM are meant for paper money which exists and all these are digital currencies. I see the purpose of having digital currency would be defeated if the ATM rocks the cities and the transaction costs also would be very huge which not everybody can afford.
So if I want to buy 10 BTC, I have to take $80000 at this ATM and deposit. I think it is risky, transferring at home with clicks is better.
I might try it for the novelty of it, but I wouldn't make it a habit. I think it'd be more popular with a less tech savvy crowd as crypto becomes more mainstream.
I never see a crypto ATM, if I found one, surely I would try it
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.
If you have never used such an ATM, under what circumstances would you consider using it?
I think if you are travelling around and don't want to use credit cards (with all the fees they charge when you use them outside the country), these ATMs are handy. You stock up with bitcoin before you go, and then use the ATM to convert to cash at your destination.
If there was a crypto-ATM at my town, for sure I would go to it very often. Even with fees, I could make my way to some profit because volatility is hopefully high.
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.
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