When it comes to either using a bitcoin ATM or not use, it's a matter of understanding whom is behind the provision or management of the service. In cryptocurrency as we have it, privacy is everything and which ever way it might turn, either the use of a card or reading of public address on your devices or something, it has to be verified to be relatively safe and not to go home after using such services and then, you come to observe a verifying transaction on your wallet. That would be disappointing.
Either to use or not is a question for the future where I actually have one before me but I'm sure, I would love to try it out. Cryptos needs more used cases and should bitcoin ATM provide one, it ought to be utilised as such.
Topic: Have you, or would you ever use a Bitcoin ATM? - page 10. (Read 2067 times)
I haven't used a Bitcoin ATM yet. Because bitcoin is not legalized in my country now. The people of my country are working hard to legalize Bitcoin.If one day Bitcoin becomes legal in my country then of course we will use Bitcoin ATM one day
Actually fees bitcoin transaction have lower than last several years and I see when my friend sending bitcoin from trustwallet to exchange market with fees under $0.4. I think worth when have Bitcoin ATM and getting with lower fees when try to withdraw money and looks better several country adopt bitcoin and give service for Bitcoin ATM. Will interested we can withdraw bitcoin without use local exchange market and available with Bitcoin ATM.
It is cool that we are finally getting lower fees, but this did came with some technological improvements, specially with how we are using segwit these days and that is one of the main reasons. Secondly, we were in a very very hyped bull run and that mattered a lot, during those days we saw a lot of people get into crypto and that caused a lot of problems since it was all a big rush and everyone joined in together and so forth.In the end, we are seeing it becoming a bit of a less problem these days and that means less people equaled to less usage and that equaled to less fee's so far. That is what I believe is the main reason and will keep on being low as long as there is no big hype.
I used a particular bitcoin atm that takes spare change and can give you the fund in btc.
The real problem was the fees. I had deposited around $120 in change and only got about $95 back in actual bitcoin. Bitcoin ATMs are in no way the way to go for a beginner looking to get some money in bitcoin. The fees would instantly turn them off.
Wow, that's pretty crazy! But it also makes sense, at the end the ATM are mainly made for people who want to change some extra money or want to get a "bitcoin experience", maybe because they can simply say they bought some bitcoins, well, satoshis. At least the more the install the more people will start wondering if maybe they should change some useless fiat for bitcoin. The real problem was the fees. I had deposited around $120 in change and only got about $95 back in actual bitcoin. Bitcoin ATMs are in no way the way to go for a beginner looking to get some money in bitcoin. The fees would instantly turn them off.
We have bitcoin atm's in Romania, too. I used to buy bitcoin online, but I realized it's better to buy local, even bitcoin, so that your money goes to your country, even if it's a higher fee, in my opinion.
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
If there would be a chance, then why not? I am actually one of those who are hoping to have this kind of experience but unfortunately, we don't have Bitcoin ATMs in our country. As long as my keys and funds will still be safe, then I would love to use a Bitcoin ATM so I could purchase something using it. If it causes convenience then I would love to use it.
I think with time, many countries will adopt bitcoin because of this BTC ATM machine many government has made available for their citizens to make transaction more easy in their countries. I believe, very soon all countries will start adopting bitcoin because of the low fees that involve in the BTC ATM transaction. This system will really attract other countries that rejected bitcoin some years ago to accept bitcoin, so that their citizens will be part of this freedom Satoshi has created for world to enjoy.
Everything about the BTC ATM is well secured and safe in transaction compare to fiat ATM card that is too secure in terms of transaction.
Bitcoin atm's is not the reason why will a country adopt btc. Before btc atm's have invented, there are already btc and they must adopt btc first before they can decide if they will also legalize these btc atm's. There are countries reported where btc atm's are being confiscated although btc on their country is already legalized, I don't know why but maybe there is a problem with the atm and not with the btc itself. It could be that they don't have a license to operate or they are malicious.Everything about the BTC ATM is well secured and safe in transaction compare to fiat ATM card that is too secure in terms of transaction.
Bitcoin atm's don't have a low fees but i heard that the fees on using them are much higher than a normal btc transaction. When it comes to privacy, I think that depends on the btc atm's.
I believe, very soon all countries will start adopting bitcoin because of the low fees that involve in the BTC ATM transaction. This system will really attract other countries that rejected bitcoin some years ago to accept bitcoin, so that their citizens will be part of this freedom Satoshi has created for world to enjoy.
Not all low fees, as I know it all depends on network density if the ATM uses the On Chain system. Indeed, some time ago I read that the BTC transaction fee in 2022 is the lowest fee after 2011. Of course it is very pleasant, because this is more profitable than interbank transaction fees. But the weakness of network density seems to be a weak point.
Even though my country has had a bitcoin ATM, I have never seen and used it directly. So far I prefer to use a money exchanger for Bitcoin and Fiat transactions. But I still support the development of crypto ATMs because it's one of the proofs that many people use Crypto.
there is a Bitcoin ATM near my Office back in 2017 but I am not lucky to even use it because those time I am still in struggle and also starting to learn and earn about crypto so basically i did not trust the machine back then.
but now as I tried to come back and check? it was uninstalled and cannot find where it was relocated .
but now as I tried to come back and check? it was uninstalled and cannot find where it was relocated .
To be honest, I never used Bitcoin ATM because I have no Bitcoin ATM around where I live in. If I have Bitcoin ATM around here, I probably try to use it, want to know how it works at least. However, I think I won't use Bitcoin ATM to transfer my Bitcoin or to buy Bitcoin since I heard it requires high fees. It is better to buy/sell Bitcoin on an exchange, the trading fees are often quite affordable. Even in Binance, I've no problem with trading fees and withdrawal fees.
Same is the situation with me and many other people as we do not have access to the bitcoin ATM machines. The high transaction fee does not matter as i want to experiment with how this machine works and for that, I am willing to pay the fee. Although I have seen videos of this machine, but to operate it myself in reality still remains a wish for me.
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
https://hermesbitcoin.com/learn/are-bitcoin-atms-safe/They are safe (unless it was illegally installed) but unfortunately, I didn't try using this for it wasn't yet available in our place. But I/m not sure how much is the cost per transaction or that something expensive? Some people have said that the fees were expensive, which is probably a reason why the majority are still prepared to use fiat money. I had figured out that even though this will exists in my country, people are barely using this stuff.
This is very common in malls and shopping centers and you can also check it here near you, https://coinatmradar.com/countries/
I used a particular bitcoin atm that takes spare change and can give you the fund in btc.
The real problem was the fees. I had deposited around $120 in change and only got about $95 back in actual bitcoin. Bitcoin ATMs are in no way the way to go for a beginner looking to get some money in bitcoin. The fees would instantly turn them off.
The real problem was the fees. I had deposited around $120 in change and only got about $95 back in actual bitcoin. Bitcoin ATMs are in no way the way to go for a beginner looking to get some money in bitcoin. The fees would instantly turn them off.
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
I do not think so given that our local exchange (here in the Philippines) already offers services that suit my convenience.
Unlike international exchanges like Binance, our local exchange (coins.ph) offer services that are very convenient on our part. For example, we have an instant conversion of BTC to our local currency; and we can pay our monthly bills using such money. In addition, we can also purchase any products/services under our desired need and we can also directly transfer our funds to our bank accounts.
The only downside is, the transaction fees and conversion rates are relatively high; and KYC documents are somehow strict which requires us to send our monthly ITRs, etc.
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
https://hermesbitcoin.com/learn/are-bitcoin-atms-safe/They are safe (unless it was illegally installed) but unfortunately, I didn't try using this for it wasn't yet available in our place. But I/m not sure how much is the cost per transaction or that something expensive? Some people have said that the fees were expensive, which is probably a reason why the majority are still prepared to use fiat money. I had figured out that even though this will exists in my country, people are barely using this stuff.
As I see, ATMs are more like a visual, physical propaganda for bitcoin than anything else.
So far i havent tried on using one but if i do have the chance then i would definitely be doing this but not generally a way for me to buy bitcoin yet i could able to do so in much cheaper way.
Good thing for those countries who do have Bitcoin ATM's compared into those who have none or totally be blocked or prohibited.
I haven't used them really, there's one nearby but the fees are too high, I've been told so.
If you never used it, how do you know the fees are expensive? Don't just believe someone that told you, better try yourself. If I were you, I will try it even only once. Try to do any transaction with a small number at least. The purpose is to experience it and know the truth about the rumor of high fees. 
Not much of a use for Bitcoin rather than investing, as cannot be used or traded easily for fiat currency.
Me, too. I use Bitcoin is mostly for investment, never try to buy any goods or services with Bitcoin. Moreover, using Bitcoin or any crypto coins for payment tools is forbidden in my country. So, we have no chance to use Bitcoin for any purposes, except as a digital asset.
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
https://hermesbitcoin.com/learn/are-bitcoin-atms-safe/They are safe (unless it was illegally installed) but unfortunately, I didn't try using this for it wasn't yet available in our place. But I/m not sure how much is the cost per transaction or that something expensive? Some people have said that the fees were expensive, which is probably a reason why the majority are still prepared to use fiat money. I had figured out that even though this will exists in my country, people are barely using this stuff.
As I see, ATMs are more like a visual, physical propaganda for bitcoin than anything else.
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
https://hermesbitcoin.com/learn/are-bitcoin-atms-safe/They are safe (unless it was illegally installed) but unfortunately, I didn't try using this for it wasn't yet available in our place. But I/m not sure how much is the cost per transaction or that something expensive? Some people have said that the fees were expensive, which is probably a reason why the majority are still prepared to use fiat money. I had figured out that even though this will exists in my country, people are barely using this stuff.
This is a great question. I had looked in to using an ATM before but once I did the research, I decided against it. I was first looking to see how much money you could exchange for bitcoin without having to provide a lot of personal details. There was some sort of small amount, one hundred bucks or so then you had to provided personal data for anything else. I think I had limits of like 2-4k a day for buying and selling, something like that ( don't quote me 100% on that). At the end of the day I came to realize it was just too much of a pain and too expensive.
Thank you for the information mate. Actually, i still have not considered researching about it because there was no bitcoin atm or bitcoin atm machine in my place. So everything is still paid in fiat. But if ever in the future my country starts to adopt that, the fact that it will only add more on my expenses and could be an additional burden on my part, then i'll prefer to use fiat instead. 
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
for now, i don't want to use bitcoin ATMs in my country, the fees charged are very high compared to me doing it via bank (making deposits or withdrawals). other than that, the choice of assets listed is still small (in my country only bitcoin) if there is a choice of other crypto assets then that's pretty good. 
I haven't used them really, there's one nearby but the fees are too high, I've been told so.
What we need is more options for using BitCoin in real day transactions, not something possible yet where I live.
Not much of a use for Bitcoin rather than investing, as cannot be used or traded easily for fiat currency.
Me too i never see bitcoin ATM before but i know with the coming up of bitcoin atm, bitcoin will be much easier to convert to fiat currencies, like when you give the machine your valid amount Bitcoin and you ask of exchanges of bitcoin with fiat and the result will come out with cash dispense exactly same amount of bitcoin you put, if that is how bitcoin ATM will work is good than going to exchange to sell and buy bitcoins and other cryptocurrencies What we need is more options for using BitCoin in real day transactions, not something possible yet where I live.
Not much of a use for Bitcoin rather than investing, as cannot be used or traded easily for fiat currency.
Jump to: