What do you think about Bitcoin ATMs? - page 2.

Faith Joy

full member

Activity: 140

Merit: 100

Quote from: Warkop on October 23, 2017, 05:22:19 AM

Quote from: Almat on October 23, 2017, 02:22:04 AM

Quote from: abitCrypto on October 23, 2017, 01:53:28 AM

There is a bit of complexity around bitcoin buying, selling, trading and storing. At least from simplicity prospective, it will be useful. As claimed, you can keep equivalent of bitcoin, something like bearer instrument in the form of QR code printed on paper.

I guess this is true. It might be the simplest way for newbies to get their first bitcoins since they'll be skipping steps on exchanges and the like. This might be its most useful function.

Precisely not only to get Bitcoin, but also make it easier for beginners who have Bitcoin and exchange their Bitcoin with an existing ATM machine, to make money in their own country, so people who do not understand to exchange their Bitcoin on online exchange sites, Simply Easy, come to the ATM machine, they can exchange it there.

I guess it is essential and wise to have bitcoin ATMs because I have used Bitcoin ATM before because of curiosity, the time of transaction was fast and it is very user friendly, you can also see some instructions on how to use it but I'm not planning to use it ever again because it charges big amount of percentage of Bitcoin you transacted. It also hard to locate Bitcoin ATMs here in my location and if you found one sometimes it's not functioning. It is very good.

Traslavin

full member

Activity: 461

Merit: 101

Quote from: Dr.Osh on October 24, 2017, 12:14:15 PM

well, I guess bitcoin ATMs can make it easier for bitcoin users to use their bitcoins. but, to date, its existence is not so much, perhaps because of at least support from within. well, i hope it is also soon in my city.

Bitcoin ATM's is so much favorable to any bitcoin traders and miners. It will make the life of users easier especially when it comes that they are going to use their coin directly at least no hassle, no worries and less worries at the same time. If it would be effectively operate soon i am one who will be much appreciate it.

djselery

legendary

Activity: 1386

Merit: 1001

There is no Bitcoin's ATMs in my country, but I heard about them from some friends. It seems useful if you need urgently to convert your BTC into cash, but it is also having very high fees.
Currently I am using the bitcoin's debit cards to withdraw bitcoin in fiat currency whenever I need this. I am also holding good part for the future purposes.

Sarah08

full member

Activity: 238

Merit: 100

Quote from: Bitcoin ATM Project on October 23, 2017, 12:01:34 AM

Have you ever used one? What were the fees and the experience like, and would you use one again? Is there one nearby where you live?

I think that bitcoin is ATMs is very good. Because Nowadays ATMs for Bitcoin are made just for fun and advertising purposes since the fees are just unbelievably higher! But I'm quite sure that we are going to see more of them in the future and when there is more competition - the fees will go down. It is a bright idea so government must support it.

Boseda

sr. member

Activity: 448

Merit: 250

Quote from: HabBear on October 23, 2017, 12:36:08 AM

Quote from: Bitcoin ATM Project on October 23, 2017, 12:01:34 AM

Have you ever used one? What were the fees and the experience like, and would you use one again? Is there one nearby where you live?

They're only good for being used as a billboard for Bitcoin.

I'd never use one to buy or sell bitcoin, the fees are incredibly high...it's insulting to us! Bitcoin is meant to be an alternative to a fee heaving currency system. Any mechanism that drives up fees for a transaction is bad for Bitcoin.

So are you saying Bitcoin itself is bad for Bitcoin? Bitcoin is designed to have fees and so the "mechanism" that drives up fees for a transaction is already in the Bitcoin algorithm.

TonyFat

full member

Activity: 448

Merit: 101

large commissions

Mmizan0909

newbie

Activity: 5

Merit: 0

Ini merupakan suatu hal yang sanggat luar biasa.anda dengan mudah dapat menarik bitcoin anda disaat keperluan mendesak

Usui-Kun

member

Activity: 224

Merit: 10

Streamity Decentralized cryptocurrency exchange

Just to claim bitcoin that instant, I can imagine that the transaction fees would be significant, unlike transferring online which you can choose how fast the transactions will be.

Andrew1337

sr. member

Activity: 574

Merit: 255

Quote from: Bitcoin ATM Project on October 23, 2017, 12:01:34 AM

Have you ever used one? What were the fees and the experience like, and would you use one again? Is there one nearby where you live?

Yes I used one , is one in my country , I usually use one than banks . But here is a small issue , all atms have big fees than transfering money in banks accounts . I would like the all atms to have same fees with transfering money banks

Joyceshiroor

copper member

Activity: 294

Merit: 0

Bitcoin ATMs are out ? Atleast as per my knowledge they are not yet in my country but I am really looking forward to have bitcoins ATMs and it would be fun to do Bitcoin transactions

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: Bitcoin ATM Project on October 23, 2017, 12:01:34 AM

Have you ever used one? What were the fees and the experience like, and would you use one again? Is there one nearby where you live?

I have not used one and I don't think I am going to use any for several reasons though:

1. Visa and MasterCard have stopped their support to ATMs backed by crypto currency in my region at this maybe in the future they may revisit their decision.

2. Even if they revisit their decision, I still won't use it because of the implicit charges embedded in it which to me, is too expensive for someone like me to bear. From the site that will load it fee, the card maintenance fee, the local bank ATM fee which will be on the high side because its going to be treated as using foreign ATM in a local setting.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

well, I guess bitcoin ATMs can make it easier for bitcoin users to use their bitcoins. but, to date, its existence is not so much, perhaps because of at least support from within. well, i hope it is also soon in my city.

BlazAlt

newbie

Activity: 43

Merit: 0

Its gonna take a smart man to find a way to make bitcoin ATMs operate at low fees and still make money,so they would be usable for real purposes not just for experience. But they do have potential. Personaly i rather use the crypto exchanges to buy what I need.

cryptoid2017

member

Activity: 98

Merit: 10

In case you would like to check if there is a crypto ATM in your city, you can try coinatmradar.com, pretty good for overview, but not all crypto ATMs are there.

catapult

full member

Activity: 448

Merit: 100

I have never seen a bitcoin atm before in real life but I've seen a few videos about them, and the users have not been satisfied because of the high fees. I think they are just helping to increase the bitcoin's popularity now. People have to be very careful about the exchange rates before using that machines, because you can make a really bad trade unconsciously by that machines. I think that technology must be improved and the ways of reducing the high fees must be found.

calandra78

copper member

Activity: 840

Merit: 114

I think the existence of the bitcoin atm very well if it is realized and installed in several countries due to the presence of bitcoin atm that makes us in exchange transactions bitcoin directly (for those who do not believe online) especially for the new user. make it easy for us to get the appropriate cash local currency via atm and bitcoin unnecessary difficulty finding enough foreign money exchange digital money into local currency. bitcoin atm this will really help and make technological advances that are qualified in the present nor the future.

stellgod

full member

Activity: 659

Merit: 101

Quote from: HOT_HEAD on October 23, 2017, 01:58:59 AM

There is one in my city, the local online exchange has set it up and the fees are reasonable, 6% as much as I remember. Used it once and never again.

Same like you I also hear it for the first time and now I am very excited about bit coin ATM and I wish that it should be implemented in my country and I am looking forward to experience using of bit coin ATM and I will definitely use it when bit coin ATM will be in my country I hope to see bit coin ATM in the near future.

rickyleatham

member

Activity: 126

Merit: 10

Get your share of the future

threre has been many Bitcoin ATMs in my country, however, there few people willing to use them because they charge fees so high making us dont want to use them the second times, instead we exchange them into money and withdraw money to ATM card to use, however, i can not deny the benefits of bitcoin ATM, but i hope one day there will be more bitcoin ATM and their fees will drop.

waynechong1995

full member

Activity: 644

Merit: 117

swing!

Only a few scattered in my country, basically it's just exchanging your Bitcoin to another company that wishes to own it more. I think they are hardly sustainable as licensing such businesses and remain profitable is difficult when local banks are dominant. Maintaining a large cash flow to restock these ATMs is one of the major problems, not to mention the operational costs which might crumble their owners if Bitcoin's price is down. Digital money is meant to be used digitally and such ATM's implement wouldn't fit well.

I wish these ATM are able to support other currencies as well, maybe depositing cash for purchasing BTC with a receipt and claim it online would be lovely.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: q835197677 on October 24, 2017, 08:30:56 AM

Unfortunately, I don't have this BTC ATM around me.If so, I'd be happy to try it.But I'm hopeful that BTC ATM is a step forward and a great one.

Now some countries are restricting to use bitcoins in ATM. i think now only the Europian countries people have access to withdraw bitcoins in ATM for other countries they are restricted. This news i saw in some articles, but i am not sure it is correct or not. Even i am also waiting to this bitcoin ATM in my country.

Topic: What do you think about Bitcoin ATMs? - page 2. (Read 1372 times)