Using a bitcoin ATM is pretty simple but you need to wait a while for confirmations. It’s great if you can find a non-KYC one so you can sell & avoid taxes but i prefer to sell on exchanges.
Mainstream adoption is coming but it will take a while.
Topic: Yeees it's happening - page 4. (Read 811 times)
it is cool to see it happening in more places but "adoption" is not happening when they "sell" bitcoin or provide ATMs. the adoption happens when those stores (like this convenience store) started accepting bitcoin as payment when you buy stuff from them. that would be something to be happy about if you ask me.
it is a start i would say, more like creating awareness through this means, there are many btc atm around the world and an addition is always welcome, the awareness this will generate is most important because if this convenience store has a good number of customers and probably 90% of them are unaware of btc before but with this atm that number will definitely reduce and who knows some might be too curious to want to dig even further.
This is not the first store to showcase this but it is showing that the awareness is coming stronger. Many stores are beginning to show interest in the use of bitcoin. It is a good thing because we can use our coins and cash in exchange for the other. We are going higher and higher in this move.
lol! it seem an angry customer has rip off the No entry without mask top sign 
it always bring joy to heart when you see this type of boldness from some offline stores, it shows the awareness is growing and people can just walk in the store to buy btc at their own convenient, i have never come across any btc atm before, am really hoping i will see one in near future.
it always bring joy to heart when you see this type of boldness from some offline stores, it shows the awareness is growing and people can just walk in the store to buy btc at their own convenient, i have never come across any btc atm before, am really hoping i will see one in near future.
this surplus (its more than 15% for small amounts --- around 17%!) it is really high and it could just left people unsatisfied for buying bitcoin with an ATM. Plus if an used go to sell must pay a tx fee and exchange fee. Isn't sound as a bargain offer.
See below some examples:
0.00771566 = 100 USD (their website)
0.00771566 = 82,83 USD (preev)
0.08144309 = 1000 USD (their website)
0.08144309 = 874 USD (preev)
In other countries it's easier buy bitcoin, likewise:
like https://www.sbb.ch/en/station-services/at-the-station/services-from-the-ticket-machine/bitcoin.html Switzerland that allow to buy bitcoin directly in a train station!
See below some examples:
0.00771566 = 100 USD (their website)
0.00771566 = 82,83 USD (preev)
0.08144309 = 1000 USD (their website)
0.08144309 = 874 USD (preev)
In other countries it's easier buy bitcoin, likewise:
like https://www.sbb.ch/en/station-services/at-the-station/services-from-the-ticket-machine/bitcoin.html Switzerland that allow to buy bitcoin directly in a train station!
I'm still wondering how complex it is.
Looks fairly standard from the instructions on their website: https://rockitcoin.com/faq/how-to-buy-bitcoin-at-a-rockitcoin-atmInterestingly, from the website, it seems you only need to provide a phone number and no other ID. However, the picture you have shared includes the words "Photo of your ID giving you trouble?" I can't find any information on the website regarding KYC or buying limits. Has anyone used one of these Rockitcoin ATMs? Can you buy anonymously?
If you try to buy online through their website, you get quoted a price which is almost 15% higher than the going rate, so I assume their ATMs charge a similar premium.
We had just one Kiosk installed in our country but officials took it down since the owner didn't have the permission to call it as an ATM.
No wonder the fees are high for doing a transaction via crypto ATM/Kiosk. I just consider it as an awareness method while it is better to buy/sell crypto online.
Wow, this is great news, it is a good innovation for the world of crypto, it seems like cryptocurrency is now being stronger than before because of such innovation like this, I am wondering what more we can have in the future about cryptocurrency. This news is what we are looking for.
I searched on how can we use a cryptocurrency ATM, here it is:
Or better you watch this video: https://youtu.be/19tVcU4rZrU
The good thing here is that we can use our cash whenever we want to buy bitcoin, we just have to make sure that our money is ready for payment but as usual transaction fees won't get away from us.
You may visit this link for more details about crypto ATM.
I searched on how can we use a cryptocurrency ATM, here it is:
Quote
To start, you have to decide whether you’re going to enter with a wallet (app) that allows you to scan a QR code while adding or subtracting funds from it or be prepared to make a paper wallet, which will be provided to you at most bitcoin ATMs.
Upon activating a bitcoin ATM, you will be asked if you have a wallet, or if you wish to create one. From that point on, it will take you to the next screen where you can either withdraw bitcoin, purchase bitcoin, or create that new paper wallet.
Upon activating a bitcoin ATM, you will be asked if you have a wallet, or if you wish to create one. From that point on, it will take you to the next screen where you can either withdraw bitcoin, purchase bitcoin, or create that new paper wallet.
Or better you watch this video: https://youtu.be/19tVcU4rZrU
The good thing here is that we can use our cash whenever we want to buy bitcoin, we just have to make sure that our money is ready for payment but as usual transaction fees won't get away from us.
You may visit this link for more details about crypto ATM.
Bitcoin ATM's have been pretty "meh" in my opinion. The rate of adoption I'd personally like to see is the masses finally realizing the importance of a self-custodial and permission-less asset such as bitcoin. Idunno why but I have been fantasizing of a day where the masses are rushing into bitcoin(despite how unrealistic it is); not necessarily because of FOMO, but because of them actually knowing how important it is.
But with that said, new bitcoin ATMs? I'll take it! Slow and steady adoption is fine too.
But with that said, new bitcoin ATMs? I'll take it! Slow and steady adoption is fine too.
It seems to me that such ATMs charge an unreasonably high percentage of sales, and that it will be much cheaper to buy bitcoin on the exchanger site!
I have not visited the website of this company, but perhaps you will still be photographed when buying...
I have not visited the website of this company, but perhaps you will still be photographed when buying...
I'm still wondering how complex it is.
Looks fairly standard from the instructions on their website: https://rockitcoin.com/faq/how-to-buy-bitcoin-at-a-rockitcoin-atmInterestingly, from the website, it seems you only need to provide a phone number and no other ID. However, the picture you have shared includes the words "Photo of your ID giving you trouble?" I can't find any information on the website regarding KYC or buying limits. Has anyone used one of these Rockitcoin ATMs? Can you buy anonymously?
If you try to buy online through their website, you get quoted a price which is almost 15% higher than the going rate, so I assume their ATMs charge a similar premium.
it is a start i would say, more like creating awareness through this means, there are many btc atm around the world and an addition is always welcome, the awareness this will generate is most important because if this convenience store has a good number of customers and probably 90% of them are unaware of btc before but with this atm that number will definitely reduce and who knows some might be too curious to want to dig even further.
Do you think that the adoption is really happening? I've seen this picture, a convenience store literally selling bitcoin through an ATM, I know it isn't new at all but this proves the actuality of innovation, something that we are dreaming of since we knew bitcoin. Hail the King! I still haven't tried it yet, I'm still wondering how complex it is.
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