Topic: Have you, or would you ever use a Bitcoin ATM? - page 4. (Read 2067 times)
I have not make use of ATM machine before but due to a series of discussions of ATM machines of bitcoin I have read before in online when I see the machine I can operate the function buttons, not may of us who is uncivilised country is opportune to see Bitcoin ATM machine I believe that machine does a similar function with money dispensing ATM machine, with the knowledge of someone who has being operating this particular machine that dispense money can equally do same thing, but to be sincere I have not come close or set my eyes on bitcoin ATM machine in any were before
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?
There is no crypto ATM in my country. One guy tried to install it here and he was arrested for it citing legal issues.
Once I travelled from my city to another city just to try using their bitcoin ATM but suddenly that time? it was off line/or not in function so i failed.
Now that there are multiple Bitcoin ATM near my office , so lucky that I can use it when I wanted and that is the help of adoption and our support each time we have chances .
Now that there are multiple Bitcoin ATM near my office , so lucky that I can use it when I wanted and that is the help of adoption and our support each time we have chances .
~snip~
The physical functionality of the BATM machine for priority making cash deposits to buy bitcoin and cash withdrawals according to the calculation of bitcoin market prices, the use of BATM machines is related to cash so that BATM requires the availability of cash from deposits or cash withdrawals to users. I have reviewed several videos in countries that already operate BATM, so the function is not much different from ATMs from conventional banks, but the advantages of BATM are high security to protect user data, anonymity and accessibility which are easy to access for using BATM throughout the city.
The physical functionality of the BATM machine for priority making cash deposits to buy bitcoin and cash withdrawals according to the calculation of bitcoin market prices, the use of BATM machines is related to cash so that BATM requires the availability of cash from deposits or cash withdrawals to users. I have reviewed several videos in countries that already operate BATM, so the function is not much different from ATMs from conventional banks, but the advantages of BATM are high security to protect user data, anonymity and accessibility which are easy to access for using BATM throughout the city.
Yeah, I think it's a great way to access cash when visiting another country.
Instead of using your bank card you can fund that cash directly with your Bitcoin. Maybe the fees of the bank would have been higher in some countries compared to the Bitcoin fee. It depends.
I have never done that because there are still a few in the country I live in even though it already exists but seeing from some of the news currently in my country in Indonesia there are only 3 bitcoin ATMs of which 1 ATM is in Jakarta (the current capital) and The other 2 are in Bali which is indeed famous for foreign tourists visiting and traveling there.
It's been a very long time because if I'm not mistaken some of the news related to this matter, ATMs in Jakarta and in Bali have been around since 2014 and 2015 and that means they've been there for almost a decade, but looking at the site about the circulation of Bitcoin ATMs that there are in every country https://coinatmradar.com/countries/ I didn't find a Bitcoin ATM in Indonesia, I don't know if this is indeed no longer used or if there really were some things that weren't tracked because I also couldn't find an accurate source regarding Bitoin ATMs which is in Indonesia.~snip
They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs. When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.
But since most Bitcoin ATMs are used to buy Bitcoin into personal wallets it then becomes less risky for its users compared to traditional ATMs that only dealwithith physical cash.
This can also be said as a review in my opinion, but sometimes seeing from the current conditions many people do comment whether it is positive or negative without feeling it first and only focusing on references from other people's responses. it's not strange because actually when talking about bitcoin the stigma is always like that when a lot of news about bitcoin circulating is negative, the stigma of ordinary people about bitcoin who don't feel it will definitely be negative also includes all forms of attributes related to bitcoin such as These bitcoin ATMs.
I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition. If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that? In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.
The physical functionality of the BATM machine for priority making cash deposits to buy bitcoin and cash withdrawals according to the calculation of bitcoin market prices, the use of BATM machines is related to cash so that BATM requires the availability of cash from deposits or cash withdrawals to users. I have reviewed several videos in countries that already operate BATM, so the function is not much different from ATMs from conventional banks, but the advantages of BATM are high security to protect user data, anonymity and accessibility which are easy to access for using BATM throughout the city. 
~snip
They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs. When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.
But since most Bitcoin ATMs are used to buy Bitcoin into personal wallets it then becomes less risky for its users compared to traditional ATMs that only dealwithith physical cash.
I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition. If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that? In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.
~snip
They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs. When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.
But since most Bitcoin ATMs are used to buy Bitcoin into personal wallets it then becomes less risky for its users compared to traditional ATMs that only dealwithith physical cash.
~snip
They say, you never know until you try it. So jumping to a conclusion was my bad. I do not have on hand experience with Bitcoin ATMs, so giving out my negative opinion was not a good thing. The way you have explained it made it more clear to me that, under some circumstances, Bitcoin ATMs are way better than centralized exchanges. I have never thought that there could be alternative options between Bitcoin ATMs. When you look at anything from a different perspective, you start to learn new things about it. This is quite true. Maybe not for regular use, but in situations like what you explained, could be a great help. Not running into some complex thing and doing what you want to do freely is really a blessing. And if those Bitcoin ATMs can provide us with such services, it will be really good.
unfortunately I never had the opportunity to personally see a bitcoin atm, and I blame my country's government for that, because in my country the central bank requires that anything related to money has a license, so if anyone had the idea of putting a bitcoin ATM in my country that person would need to create a company and to be able to have a license to operate in my country and then he could already have the bitcoin atm, but there would be another big problem that in my country ATMs are the main targets of thieves, That's why in my country every ATM has police and private security companies to control the ATMs
this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank
this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank
Why do people do this?
They say: "my country" and they expect everyone to either know what country is being talked about or we have to go back to your various other posts to try to figure out which country you are talking about (like a puzzle).
It's a bit annoying.. and if you don't want to say that it is your country, then just name the country.. or maybe a group of countries that you might believe (or have knowledge) to be similar or something to specify.. it would be less annoying to be able to see what country you are talking about without my having to do a bunch of work to try to solve the puzzle that you set forth.. which could even mean that it is gobbledy-gook on purpose?
unfortunately I never had the opportunity to personally see a bitcoin atm, and I blame my country's government for that, because in my country the central bank requires that anything related to money has a license, so if anyone had the idea of putting a bitcoin ATM in my country that person would need to create a company and to be able to have a license to operate in my country and then he could already have the bitcoin atm, but there would be another big problem that in my country ATMs are the main targets of thieves, That's why in my country every ATM has police and private security companies to control the ATMs
this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank
this means that it is another headache, because first the person will have to spend money to build a company, then the person will have to spend money on the license payment to be able to operate in my country, and finally the person will have than spending money on contracts with security companies in my country to protect the bitcoin ATM, that's why I see it being unsustainable to have a bitcoin ATM in my country, unfortunately this is all the fault of the corrupt government of my country that does not create a good environment of business without much intervention from the government and central bank
for now we have not used bitcoin ATMs or seen bitcoin ATMs themselves because in my country it is not yet fully public for widespread adoption of bitcoin and also in coins it is still not officially legalized.so to make transactions or use bitcoin ATMs it has not been realized until now because these factors.but if bitcoin has begun to be accepted and adopted in various worlds, it is not impossible that we can also make legitimate transactions or use bitcoin ATMs to carry out a transaction process.
As Bitcoin is not valid in our country we are deprived of this benefit. When we keep money in the bank then we transact through ATM card if Bitcoin is legal in our country then we can take advantage through Bitcoin like we can take advantage through ATM card. You will find that all the countries that declare Bitcoin legal are not accepting ATM card transactions. That's because Bitcoin doesn't require any bank transactions, but it would be great for us if that were the case. 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'd refrain to use it, people would know about me using Bitcoin for the "privacy" things and it would make some sort of attraction because it's a rare thing for people to use that ATM in the first place. Also in here, Bitcoin is still illegal as a payment processor so Bitcoin ATM won't be released in the future for long time. I'd just do it at home whenever I want to withdraw some Bitcoin to my bank account, it's much easier.for sure there will be no Bitcoin ATM machine in your area and even myself I wont be using it if it is illegal in our country but I would happy to try it if I've seen couple of people trying it because it is like a new experience in using it and just want to know how it works but again it should be also in sneaky pattern not that anyone can see you, it is still the same with how you withdraw in bank ATM machines
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'd refrain to use it, people would know about me using Bitcoin for the "privacy" things and it would make some sort of attraction because it's a rare thing for people to use that ATM in the first place. Also in here, Bitcoin is still illegal as a payment processor so Bitcoin ATM won't be released in the future for long time. I'd just do it at home whenever I want to withdraw some Bitcoin to my bank account, it's much easier. In the future, perhaps, yes. If I get my hands on a bitcoin ATM, I'll try to utilize it, but it will depend on the costs that are assessed. I will happily use it if the fee for each transaction is less than $2, but if it is more than $2, I won't force myself to use it. It is preferable for me to stick with the one am used to than to spend extra money in the name of using a bitcoin ATM when I can't actually touch or feel the bitcoin itself outside of the transaction.
Yeah, for normal day to day living I don't think it's that great.
But if you are visiting a foreign country, the ATM fees from your bank might even be larger than the Bitcoin ATM fees in some cases.
In the future, perhaps, yes. If I get my hands on a bitcoin ATM, I'll try to utilize it, but it will depend on the costs that are assessed. I will happily use it if the fee for each transaction is less than $2, but if it is more than $2, I won't force myself to use it. It is preferable for me to stick with the one am used to than to spend extra money in the name of using a bitcoin ATM when I can't actually touch or feel the bitcoin itself outside of the transaction.
None here that's available or that I know of, so I haven't really used a bitcoin ATM all my life. Would like to try it at least once though, if not for the fact that I've heard circulating stories about these bitcoin ATMs becoming the new brooding ground for thieves who go out there stealing your info and in turn your crypto. So as much as I abide by the YOLO motto, and as much as I would like to use a bitcoin ATM for the same reasons, I don't think it's that worthy risking all my investments just so I could experience it one time.
I don't see it as something that would see much use either, at least for now. Global adoption hasn't arrived yet and would likely not arrive within our lifetimes if the current rate at which bitcoin is accepted by the public and the government is followed, but no matter. All I'm saying is that it's not as major or as beneficial as others make it out to be, as it stands today, these ATMs are more like a gimmick rather than a usable item.
I don't see it as something that would see much use either, at least for now. Global adoption hasn't arrived yet and would likely not arrive within our lifetimes if the current rate at which bitcoin is accepted by the public and the government is followed, but no matter. All I'm saying is that it's not as major or as beneficial as others make it out to be, as it stands today, these ATMs are more like a gimmick rather than a usable item.
Well I won't say I have seen or used any BATM, but with the videos I have watched about the tutorials on how the BATM works I think I can draw a conclusion that the used of the BATM is pretty secure and safe. Especially with the BATM thats deals with QR code scan. I would love to try out one someday maybe in means of buying bitcoin but the major factor is that the machine's are pretty limited and only few personal business have these installed in their firm seeing that the use of bitcoin is still somehow prohibited in the region.
It would be quite memorable if you could use a Bitcoin ATM Machine. I have also never used one because it is not available in my country. In the past, it may have been available, but now it's gone because of some rules that prohibit the use of Bitcoin ATM Machines.
You can easily see where Bitcoin ATM machines are available on this website:
https://coinatmradar.com/
There are about 36150 Bitcoin ATMs available, but I don't know if that is a valid number or not.
But there are already 72 countries that use it, there is a MAP that shows the location of each Bitcoin ATM installed.
I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!
Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.Yea, about the card security. And not only. We also need to trust that the ATM will not do anything shady under the hood. I like more the p2p way or some apps like peach, relai or some such! They are not kyc free but are way better than using exchanges with non-custodial wallets!
I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!
Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.I never blindlessly trust anything regarding 3r party services! I mean, it seems secure, but we never know when there is something shady going on under the hood! Andd still, the major factor are probably the fees. We now have pretty high network fees due to ordinals crap and etc, and don top of that there will also exist the service fees!
I never used one also because I don't have any in a radius of probably at least 200km. And of course fees are prohibitive. ATMs are just another business. If one can, should always buy from others or some exchanges!
Yes I was told that the machines are private own so they are purely for business purpose so they charge each transaction and the charges are not the same. Like the one in my country which very far from me that I don't even know when I will see it charges very high. But even at that people still use it. So sometimes it is not even the charges but the availability and the security not the machine. One thing I also consider about the machine is the security of the card details.Jump to: