Topic: Does Bitcoin really need an ATM? - page 2. (Read 6255 times)
ATM is a big thing when wanting to buy bitcoin, most of them the fee is %5 which is much cheaper than doing a deal on localbitcoins methods. The only thing hindering them less useful is how scarce they are available only in very few limited countries.. it will also be better if you can sell bitcoins for cash too.
Bitcoin does not literally needs an ATM. However, having an ATM for Bitcoin would give convenience for its users. Just like banks across the world, do they need an ATM? No. ATMs are just made for convenience of the users and not to cope with their needs. That alone shall answer your concern, simple and without any complexities.
Bitcoin ATM will gave convenience for all of us because transaction will become much easier and more faster rather than creating cash out from third party exchanger. I believe soon it will happen in the whole wide world bitcoin becoming popular in every country that it emerge because of the high probable income year by year it goes up.
Bitcoin does not literally needs an ATM. However, having an ATM for Bitcoin would give convenience for its users. Just like banks across the world, do they need an ATM? No. ATMs are just made for convenience of the users and not to cope with their needs. That alone shall answer your concern, simple and without any complexities.
Bitcoin ATM will gave convenience for all of us because transaction will become much easier and more faster rather than creating cash out from third party exchanger. I believe soon it will happen in the whole wide world bitcoin becoming popular in every country that it emerge because of the high probable income year by year it goes up.
Bitcoin ATM's are a great way to enable us various ways to exchange USD and other currencies for BTC, it's true there are other cheaper ways, but it is way more to the demands for an anonymous non-exchanger based and in the same time with significantly less risk than Peer to Peer trades, which has a significant real life risk OR compromising anonymous nature by asking for ID like exchanges.
Globally, it cannot be denied that the users of the bitcoin continues to increase, this makes transactions bitcoin increasingly massive and surely need an ATM so that transactions can be faster (without exchanger).
Bitcoin does not literally needs an ATM. However, having an ATM for Bitcoin would give convenience for its users. Just like banks across the world, do they need an ATM? No. ATMs are just made for convenience of the users and not to cope with their needs. That alone shall answer your concern, simple and without any complexities.
Exactly. Bitcoin ATMs are only needed for convenience of the users, so that they can convert Bitcoins to Cash whenever they want, instantly.
Exactly. For me it is okay if they will put Bitcoin Atm or not. The important thing is there are bitcoins. And if there would be ATM then maybe there would be fees on its transactions. And maybe that bitcoin atm should be design the same as ATM for cash so there would be no hassle.
I do not think that an atm will be completely necessary but it would have nice benefits. I think it would attract more people if they knew that the money they earned from bitcoin could be used could be used online and also turned into fiat currency, I think that then people would be more interested in bitcoin.The question would be who would sponsor the bitcoin ATMS, since it would cost a lot of money to build, install and maintain these ATMs. Maybe get some bank to help with this, since then people would give bitcoin a go since it would be backed by some big bank. The problem with that though is that banks hate change, so it would be highly unlikely to get a sponsor for all of this.
Good idea though, could really help grow bitcoin into a regular currency and attract some more attention to bitcoin .
Good idea though, could really help grow bitcoin into a regular currency and attract some more attention to bitcoin .
Bitcoin does not literally needs an ATM. However, having an ATM for Bitcoin would give convenience for its users. Just like banks across the world, do they need an ATM? No. ATMs are just made for convenience of the users and not to cope with their needs. That alone shall answer your concern, simple and without any complexities.
Exactly. Bitcoin ATMs are only needed for convenience of the users, so that they can convert Bitcoins to Cash whenever they want, instantly.
Does email need paper?
If you aren't going to print out what has been sent, then no it doesn't need papers!
Well, I really think that the Bitcoin and ATM debate is overstretched. Bitcoin transactions and transfers are conveniently made without one even leaving the comfort of one's home. I don't think the introduction of ATM will make any financial difference apart from the sight of the Bitcoin machines serving as a point of creating awareness and advertisement.
Yes, Bitcoin does need to have ATM machine around the whole world in order to grows into a much bigger users base. It is essential to attract people that doesn't know anything about bitcoin to take a look on how bitcoin actually works, I see it as a marketing strategy to make bitcoin into being more recognize by the world. And it also provides users with an alternative way to purchase bitcoin without the risk of getting scam by scammers.
yes its optional and not necessary. bitcoin is do not need for any ATM machine. because I think it is more easy to use your own online wallet as compare to ATM, because we have access to internet and having smartphone which we can use for getting access to our online wallet. I think online wallets at also giving your more security and no one can get access to your wallet so easily. therefore to me I think online wallet system is good for using bitcoin.
Bitcoin does not literally needs an ATM. However, having an ATM for Bitcoin would give convenience for its users. Just like banks across the world, do they need an ATM? No. ATMs are just made for convenience of the users and not to cope with their needs. That alone shall answer your concern, simple and without any complexities.
obviously Bitcoin need an ATM.people can transaction flexible if every where have ATM.you can see fiat currency have ATM everywhere and people can used ATM for cash out anytime.if every where have bitcoin ATM use of bitcoin will be more popular.people can easily cash out spend for his daily expenses.
Yes, Bitcoin does need to have ATM machine around the whole world in order to grows into a much bigger users base. It is essential to attract people that doesn't know anything about bitcoin to take a look on how bitcoin actually works, I see it as a marketing strategy to make bitcoin into being more recognize by the world. And it also provides users with an alternative way to purchase bitcoin without the risk of getting scam by scammers.
it is never a bad thing to have more exchange methods, I've been using Bitstamp (Europe based) and everything is working fine with them BUT I would not mind buying from an ATM if one is located close to me because it is instant unlike bank deposits taking a little while, the fees reported in this forum (%5) are not excessive compared to SEPA + Exchange fees.
First the atms fees do not go below 7%.
Secondary SEPA fees? Are we seriously talking about that?
The actual withdraw from bitswamp costs you exactly 0.90 cents according to thier own fees table.
https://www.bitstamp.net/fee_schedule/
Sorry but only gas you're spending driving 4 or 5 km will cost you more than that.
In my opinion do not need an ATM, the cost to buy a machine and ATM care is very expensive, who will pay it? Even if it exists only in some special places, it is unlikely that bitcoin ATMs exist in every village, so bitcoin ATMs should not be a top priority
In whole thread i found your point is valid . Who will take care about ATM machine expenses ??. Here is my suggestion there is lots of exchange wallet in each country they can maintain machine if they are having proper plan and then they can charge small amount for transaction.The fee for installing ATMs in countries is not a problem, the duration of bitcoin transactions is too long; it's a problem for an ATM, it needs speed in seconds, but bitcoin can not do that.
There are a lot of costs.
Here in my average wealthy town it will cost you around 200 euros a month to have an atm inside a shopping mall , another 50 for the connections , then you will have to pay an insurance (mandatory) then you will have to pay the service for taking out and trasnporting the cash deposited so in the end it will cost you quite a lot.
That's why the fees are so big.
Well, I stick to my opinion , change it.
Cause if there is an increase in btc demand it means the exchange is flooded with fiat so they should be paying easily.
Also I tend to stay away from exchanges that claim delays are because of volume.
It's the first sign you;re dealing with amateurs and your funds are at risk.
Cause if there is an increase in btc demand it means the exchange is flooded with fiat so they should be paying easily.
Also I tend to stay away from exchanges that claim delays are because of volume.
It's the first sign you;re dealing with amateurs and your funds are at risk.
I agree, the exchange is flooded with fiat, but that is not what the problem is.
The problem is that they aren't able to keep-up with the rising demand.
This is something that they are working on improving.
In whole thread i found your point is valid . Who will take care about ATM machine expenses ??. Here is my suggestion there is lots of exchange wallet in each country they can maintain machine if they are having proper plan and then they can charge small amount for transaction.
Cost of maintaining and purchasing the ATM machine is not a responsibility of the consumers.
In my opinion do not need an ATM, the cost to buy a machine and ATM care is very expensive, who will pay it? Even if it exists only in some special places, it is unlikely that bitcoin ATMs exist in every village, so bitcoin ATMs should not be a top priority
The cost of buying and maintaining the BTM is not a concern for the consumer. It's the responsibility of the Bitcoin company/ATM operator that installs the ATM. (That is what they charge the fee for).
In my opinion do not need an ATM, the cost to buy a machine and ATM care is very expensive, who will pay it? Even if it exists only in some special places, it is unlikely that bitcoin ATMs exist in every village, so bitcoin ATMs should not be a top priority
In whole thread i found your point is valid . Who will take care about ATM machine expenses ??. Here is my suggestion there is lots of exchange wallet in each country they can maintain machine if they are having proper plan and then they can charge small amount for transaction.
it is never a bad thing to have more exchange methods, I've been using Bitstamp (Europe based) and everything is working fine with them BUT I would not mind buying from an ATM if one is located close to me because it is instant unlike bank deposits taking a little while, the fees reported in this forum (%5) are not excessive compared to SEPA + Exchange fees.
Change you exchanger.
I've never used one that takes ore than 24 hours for the cash to enter my account.
I'm going to to name it but one of the major ones is paying even faster than that during weekdays if you work with some banks.
And I'm not going to pay a 15% fee to a damn vending machine.
I've never used one that takes ore than 24 hours for the cash to enter my account.
I'm going to to name it but one of the major ones is paying even faster than that during weekdays if you work with some banks.
And I'm not going to pay a 15% fee to a damn vending machine.
I'm based in India, and there is a delay in payment here these days, due to the increase in demand.
I agree, the fees that Bitcoin ATMs charge are ridiculous.. It needs to drop down to 1-2%.
Well, I stick to my opinion , change it.
Cause if there is an increase in btc demand it means the exchange is flooded with fiat so they should be paying easily.
Also I tend to stay away from exchanges that claim delays are because of volume.
It's the first sign you;re dealing with amateurs and your funds are at risk.
Change you exchanger.
I've never used one that takes ore than 24 hours for the cash to enter my account.
I'm going to to name it but one of the major ones is paying even faster than that during weekdays if you work with some banks.
And I'm not going to pay a 15% fee to a damn vending machine.
I've never used one that takes ore than 24 hours for the cash to enter my account.
I'm going to to name it but one of the major ones is paying even faster than that during weekdays if you work with some banks.
And I'm not going to pay a 15% fee to a damn vending machine.
I'm based in India, and there is a delay in payment here these days, due to the increase in demand.
I agree, the fees that Bitcoin ATMs charge are ridiculous.. It needs to drop down to 1-2%.
bitcoin ATM is one of the best methods to get Bitcoins if you think about it, the fees of %5 which is mostly used in Exchanges and this is not worse than the exchange methods and the like of cost of exchanges.
ATM is open as well, and you don't need to identify yourself with KYC which is very relaxing if you think about it.
ATM is open as well, and you don't need to identify yourself with KYC which is very relaxing if you think about it.
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