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Topic: Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report - page 2. (Read 1473 times)

newbie
Activity: 45
Merit: 0
it is positive for the development and adoption of bitcoin. it will be doing something good in future. it will play an important role and its also indicate that bitcoin grow up.
jr. member
Activity: 94
Merit: 1
The forecast is well predicted, but I think it will be more than that as we get a massive mass adoption. Should the countries currently critical of bitcoin give a soft spot for it, then the numbers of bitcoin ATM will spike sporadically.
hero member
Activity: 1246
Merit: 588
I definitely like bitcoin ATMs because of the anonymity factor(unless the ATM has a camera in it, or requires an ID). If only the price cuts weren't gigantic though. The maximum price cut I'm personally willing to pay would probably be at 5%.

"Currently,  bitcoin ATMs charge an average transaction fee of 8.93 percent"
Source: https://www.cbsnews.com/news/wait-i-can-get-bitcoin-at-that-atm/

I don't know about that, but where I'm from, Bitcoin ATMs are said to be around 15%. That's too much.

That is the thing we should have to consider and I am pretty sure that the planned atm will be using the KYC policy. Tho I am not sure if how will they sustain the Bitcoin stacks for all the bitcoin atm chain.

15% charge is just hilarious considering the other charges for the transaction between your wallet and the machine.
newbie
Activity: 27
Merit: 0
it is a very good news, it definitely spreading positive vibes over the market but yes it is a unpredictable place so don't get over confident about anyt6this can be switched any moments, so stay positive but in a Consious way of course
jr. member
Activity: 123
Merit: 1
It will be great if ATM increased. This will create good faith in people minds who don't believe in bitcoin and also it usage will increase.
newbie
Activity: 43
Merit: 0
Over the globe, the biggest market for digital money ATMs by 2023 will keep on being North America. This will be a support of the norm, as presently, North America has 73.07% of the bitcoin ATMs on the planet, with the United States being the reasonable pioneer.
member
Activity: 257
Merit: 32
I hope we will finaly see some more Bitcoin ATM's in Europe. It's finally time for them to appear at least in bigger cities because more and more people are searching for places to exchange their coins localy.
newbie
Activity: 29
Merit: 0
Right now, the quantity of bitcoin ATMs on the planet is 3,650, up from a figure of 3,500 that CCN revealed nearly a month ago. Once a day, a normal of around four bitcoin ATMs are introduced, as indicated by digital currency ATM following site, Coin ATM Radar.
newbie
Activity: 31
Merit: 0
This is as indicated by an examination led by business-to-business investigate firm Markets and Markets demonstrating that the cryptographic money ATM market will develop at a compound yearly development rate of 54.7% somewhere in the range of 2018 and 2023.
newbie
Activity: 294
Merit: 0
Wonderful, this is a great news,this indicates that the bitcoin market is growing tremendously.However,focus should be directed to African market,its an untapped business environment.
newbie
Activity: 139
Merit: 0
This is good news
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
this is very positive news for our market, is not it? ordinary people can easily buy bitcoin right under your house
Do you mean under in your house? Then no. Unless you have a personal bitcoin ATM in your own house. LOL

jr. member
Activity: 154
Merit: 1
this is very positive news for our market, is not it? ordinary people can easily buy bitcoin right under your house
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
i am always curious to why people bother using ATMs to buy and sell bitcoin. is it really the anonymity of them that attracts them?
It depends on the user. Some people uses bitcoin ATMs for convenience sake, and some are interested in ATMs because of the anonymity factor. Personal preference.

but at the same time why would the government allow ATMs to grow like this if they are truly anonymous and safe ways of going in and out of bitcoin?!
Not all ATMs are anonymous. Like I said, I've read that some bitcoin ATMs has a video cam in it, and some requires identification(probably a government ID, passport, or etc)

There are some discussions here[1], I hope you find it useful.


[1] https://bitcointalksearch.org/topic/bitcoin-atm-fees-4983729
Thanks for the heads up.
legendary
Activity: 2702
Merit: 4002
- The increasing popularity of Bitcoin will lead to regulations in many countries. This regulation will weaken the importance of these machines "Buy/sell bitcoin anonymously."
- The increase of bitcoin traders will enable to find secure means to buy and sell "it is easier to get the Bitcoin compared to the past."

Based on the above, bitcoin ATM in its current form will not have a place in the future unless with continuous updates that may bring more benefits than other methods.

I don't know about that, but where I'm from, Bitcoin ATMs are said to be around 15%. That's too much.
There are some discussions here[1], I hope you find it useful.


[1] https://bitcointalksearch.org/topic/bitcoin-atm-fees-4983729
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
I definitely like bitcoin ATMs because of the anonymity factor(unless the ATM has a camera in it, or requires an ID). If only the price cuts weren't gigantic though. The maximum price cut I'm personally willing to pay would probably be at 5%.

i am always curious to why people bother using ATMs to buy and sell bitcoin. is it really the anonymity of them that attracts them?
if this is the case then the high fees they charge may be justifiable. but at the same time why would the government allow ATMs to grow like this if they are truly anonymous and safe ways of going in and out of bitcoin?!
jr. member
Activity: 458
Merit: 2
I am not surprised by the new though. As Bitcoin gain more attention, more people get involved and thus the prices of the ATM will definitely shoot up as well with an understanding that Bitcoin price with respects to Dollar will also increase.
full member
Activity: 251
Merit: 100
It is because of the bitcoin fluctuate change that might be changed a lot of dollars in that year so no doubt if the ATM worth that much.
jr. member
Activity: 182
Merit: 1
very good increase and I consider this news quite positive for the development and adoption of bitcoin
full member
Activity: 204
Merit: 100
Currentl;y the ATMs are in very few countries and at very few spots. But it will play an important part if it grows as you mentioned in your main post. Smiley
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