Topic: There Are Now More Than 8,000 Bitcoin ATM's Worldwide - page 3. (Read 1271 times)

Place I am living now, it has ATM Machine setup by this company https://shitcoins.club/
You can buy and sell Bitcoin, Ethereum, Litecoin and Dash.

We only have 4 in our country and I have not yet experienced transacting via ATM but we do have 4 local exchanges here, and that what's make it easy for us here to buy and sell Bitcoin and other Cryptocurrency, but of course I also want to experienced how to use ATM, if we are goign to forward we need more ATM in many countries where Crypto is popular.

8,200 ATMs from which 6,000 are located in the USA.It seems that the cryptocurrency users are pretty much concentrated in the USA.I don't believe that's the case.Countries like Japan and South Korea are more crypto-friendly and more open to technology innovations than the USA.Why don't they have as much ATMs?
It's always good to know that there are signs of growing Bitcoin adoption.
However,I'm not a big believer in the ATM business model.The fees of using an ATM are still really high and sooner or later the hackers will find a way and start to exploit those ATMs.

The fact is like that. The biggest growth indeed exists in the US 7000 ATMs located on one continent and 1,000 other ATMs spread throughout the world.
Some countries such as Indonesia (my current country) are not listed on coinatmradar.com, even though there are 3 Bitcoin ATM locations that are already available.
Even so, the regulations in my country are not entirely in favor of Bitcoin, there are a number of obstacles that should not be broken.

3 Bitcoin ATMs in Indonesia, used only as a promotion that Bitcoin is really a currency that has value and can be used by anyone.

I had a funny encounter about Bitcoin ATM,years ago when i first learn about Bitcoin and lucky that the ATM was near my place that time,so i come to Get some BTC but the thing is i don't know how to operate and that is embarrassing because the one next to me needs to teach me first lol,But days are gone  now .

Now Bitcoin can be Bought instantly in my part,My local wallet that can be purchase a Bitcoin thru 711 branches.

Good to hear this though .

I have that exact app when I am locating a Bitcoin ATM in the Philippines, Hongkong, Singapore and Taipei last year. It’s very helpful. I’ve seen a few Bitcoin ATMs, especially Unionbank’s 1st ever regulated crypto ATM in the Philippines.

The first crypto ATM that I actually tried making a transaction was in Plaza Singapura. The Bitcoin ATM was owned by Daenerys in a store where they buy and sell gold and other precious metals, and my friend helped me withdraw BTC to Singapore dollars in their ATM. It was cool!

I just hope more and more Bitcoin ATMs will be deployed in more years to come. This is just the start of Bitcoin and crypto massive adoption.

You started with the wrong assumptions, I'm not American I'm European, but I'm amazed how people like to bash both the US and the EU and cheer for 3rd world countries as the future of BTC development when the reality is totally the opposite.


You can call a duck goose because it also swims but it's still a duck, calling a payment with a debit card a credit card purchase doesn't make it a credit card purchase. Then you started a long story In which really don't know what you're talking about and  99% of the audience will fall asleep when you could have said simply this:


Well, you're wrong, by the own definitions you have yourself quoted.
Whatever Qiwi or NTS Pay or other terminals you have they are not ATMs so they don't count and this topic is not about ways of buying bitcoins but how many ATMs are in the world, out which the US has 83%, Europe 14% and the rest of the world are below the margin of error.


Hihi, exactly!.
Despite all the things people say, the western world is still the most crypto-friendly out of all.

I'm having a deja-vu, just like when people were shocked to hear that Coinbase holds more coins than binance and okex and huobi combined, how could this be possible, all the trades were happening in China, how,how??


 

I'm not sure where your frustration comes from - might be time to double check if stupid nationalism really comes from me, never did I state or even suggest that Romania is above any other country, lol. The best example I can always give is stuff that I see in my country because I live here..

Here, we have fiat machines that only let you cash out from your card and ones that also allow you to deposit fiat (think of it as "buying" digital fiat) into your debit/credit card and we call them both "ATMs". Hence, it was quite logical to me that I could call a machine that lets me buy BTC with cash an "ATM" too.

In fact, this is the definition of an ATM according to Wikipedia:

And this is the definition from Merriam Webster:

, meaning that as long as it performs a basic banking function such as handling check deposits or issuing cash withdrawals, you could call it an Automatic Teller Machine. Same goes for the newer functions we have at some ATMs such as exchanging funds directly from them - or depositing foreign currencies directly into them. To me at least, a Bitcoin transaction could be counted as a banking tx too - you're basically exchanging some fiat banknotes into a digital cryptocurrency.

If you take the definition of a vending machine, you'd find out that the definition of an ATM sounds way closer to the machines I said aren't counted among the 8k. I'll leave two definitions here, from Business Dictionary and Dictionary, respectively:

I only said there are a lot of places you could buy Bitcoin from that don't show up on the map of 8k ATMs and most people think that the mahcines you can also cash out from are the only ones you can get a BTC from. I honestly believe that an automated machine that lets you buy crypto with cash directly but doesn't let you cash out should be counted as an ATM too. Calm down maybe, nobody tried to hurt your lovely country.

I guess this is because it is easy to install, maintain and laws (about installing a device or smth like that) are soften than in other countries. If you are or were in US, you might have noticed, that ATM's are installed everywhere. Even the smallest shops with cheapest goods have an ATM. You can find ATM in barber shop or tattoo studio for example. I think that you might even install ATM in WC. Or ATMs might be private property of real estate owner.

Take a look on Europe. ATMs are installed on the distance of 200-500 meters from each other. Or on Africa and countries near Iran/Iraq. You would be lucky if nearest ATM would be in 1km range.

It seems really strange to say the least, but considering that it is also facts that are easily verifiable, we can say that the interest in Bitcoin is still the highest in the USA, unlike the rest of the world. Can we connect this with purchasing power, with the manufacturers of ATMs or some conspiracy theory that would go in the direction that behind all there are some hidden interests to position the USA as number 1 when it comes to Bitcoin? After all, such things require the blessing of the state and a relatively friendly attitude towards crypto, which we can see on the other side of the world when it comes to Austria and Switzerland, but also some other countries like Slovenia or maybe Croatia where crypto can be bought in post offices, or in specialized offices (llike a crypto bank) where on a daily basis you can buy/sell up to 1000 EUR without KYC (for the time being).


Exactly, if people do not have money even for basic needs, there is no logic to offer them crypto ATMs which, depending on the model, can have a fairly high price, and everyone wants to make a profit with them as soon as possible. But even to some let's say rich countries where people do not have problem with money, the laws do not allow such devices to be installed because crypto is not regulated.

We have one in our country and I don't know if people are actually using it.

I am not that close to the area where the ATM is located so I am not actually sure if people are using it. Union Bank set up a Bitcoin ATM in Manila. “The Bitcoin ATM” is located in the bank’s main branch, UnionBank Plaza, Meralco Ave. cor. Onyx St., Ortigas Center, Pasig City." This is a way for my countrymen to know and use Bitcoin, the only problem is where to use it and how.

It is strange that there are more than 6000 Bitcoin ATMs in the United States alone and about 2,200 or less in 72 countries around the world !!! This is weird and most surprising that the United States does not accept bitcoin yet !!!
These are strange and somewhat sad contradictions. For me, I think that Bitcoin's spread around the world is increasing dramatically daily and there will come a day when these ATMs will be spread in all countries greatly. In my country, unfortunately, there is no ATM, but I hope that the day will come, which I can transfer immediately from my wallet through the ATM next to my house. It's a big dream for me because I have a lot of converting bitcoin into my local currency.

I haven't got any bitcoin ATMs nearby either, because it is still not a thing for very small cities like mine, but  I guess that that machine can be fed with either credit card, debit card or cash. Correspondingly, in order to stay anonyomus you have to use the third option with physical cash, plus you have to hide your face while doing crypto things because of hidden cams in ATM. I personally don't like the idea of buying cryptocurrency via ATM, because such exchanges require very high fees to make a deal. It is only option for those who have not found other ways to buy crypto.

I wonder if bitcoin ATM's would be the solution for the incomplete anonymity that bitcoin provides to its users. Most of the time it is questioned because most of the users are conducting KYC procedures to make sure they can buy bitcoins but with the invention and development of bitcoin ATM's people could just put their money and enter their wallet information to make sure that they can buy bitcoin.

This makes me think because I haven't seen any Bitcoin ATM yet, does it require verification first? Or do you need to acquire a card just like the usual ATM we use? Or to make it short, does Bitcoin ATM require KYC?

If not, this will be beneficial for those who want to stay anonymous with their transactions. 

This bitcoin adoption is what we need, it will become easier for us to use bitcoin in many transactions whenever we use it. It is less hassle especially if we have a Bitcoin ATM in our place, and I'm hoping for more bitcoin ATM Machines all over the world. In Asia, there are a lot of countries which don't have these bitcoin ATM machine because of poverty and issue with the legalization of bitcoin. It is so much hard for the people who use bitcoin if the country where he live is not allowing bitcoin to manipulate in their economy like India and Iran. By that, I think we need to improve more bitcoin adoption all over the world and for me, this Bitcoin ATM is not enough, we should increase and operate more.

ATMs are the ones from which you can get cash with your card or cheque, they have been like this for half a century:

The ones where you can only insert cash and get your product are vending machines.

It's not me who has missed anything, it's the standard definition and there is no point trying to starting to bend it just because of stupid nationalism, if we do it like this USA still is number one by far since it has 400 000 locations where I could get cash from my Wirex card loaded with crypto. Exactly what I was talking about, every time the US shows to be number one there is a wave of deniers, no it's not like that, no, it must be somebody else, noooo....somebody think of the children !!! Deal with reality!!!!  

Having that bitcoin ATM machine in your own country would be great for you, it would be easy for you to pull out or to invest bitcoin. Actually, it's not that so a big number of ATM machines because in normal banks or ATM machines those 8,000 can be considered only for one country, it only shows that the use of bitcoin AT machicryptocurrencies too familiar all over the world. Just like in our country we don't have that thing, hoping that in the future we would have something like that and we will also be able to adopt more of using bitcoin.
Well said, it just meant that the USA is more familiar and know about the use of cryptocurrency, they are the one who will have lore advantage of using it in the future.

Worldwide? Then why is the majority of it located in the US? A big problem in terms of adoption imo. Well, nothing we can really do about it tbh. Not to mention the various regulations that countries impose upon Bitcoin, there is also a need for a community to build upon the foundations of an Bitcoin ATM in a country. If anyone just willy nilly built a Bitcoin ATM, most likely than not, with how opportunistic some people are, it'd only turn into ATM scams and would most likely just become a negative influence for Bitcoin itself. Still, with how high Bitcoin ATM fees are, I'm pretty glad they're only at the US so far. I don't doubt that fees would probably explode if placed in third world countries just because.
Not only KYC, if some random people started plotting against people using the ATM, then it'd be quite easy to track him/her. Privacy? Dead. Whether it be through KYC or not. Well, it's just a small adoption of a system that can be used even when outside and no internet access I suppose, but still inefficient since really, internet is already a thing. Some even provide it for free.

We need more of this ATM machine especially in the third world where many people doesn't have the technology or gadgets to learn about Crypto and how to buy and sell it, even with slow internet.
It should not only be focused in some few countries. That way we should able to grow the Crypto community and achieve faster adoption.

The majority of the number of Bitcoin ATM is located only in one continent and maybe some countries may have only one or a couple of ATMs available. So, I think this doesn't clearly signify mass adaptation. I am not familiar how much the fee is, but I think only few people uses BTC ATM since you will have to undergo KYC plus the inconvenience of going to the location to buy or cash out. Buying it through a platform using credit card will always be the best option.