kirubel Posted January 24, 2020 #1 Posted January 24, 2020 Did you know there are about 5000 bitcoin ATM machines around the world, but not in my country, did any body from this forum experienced this machine say something about it.
spk_25 Posted January 24, 2020 #2 Posted January 24, 2020 Yes there are about 6080 Bitcoin atm machines all over the Globe from where you can withdraw Bitcoin using you credit card or Debit Card in case you want to with draw fiat currency you have to sell your bitcoins and convert them to fiat money and withdraw.
Brainy Posted January 24, 2020 #3 Posted January 24, 2020 There are few in my country where i live in. It was quite good invention back after the major rally where all time highs were achieved due to quick cashing out abilities of crypto. But now i think nobody uses them anymore. The crypto guys from our country to cashing out are mostly using Elipay ( GoCrypto is called now) app which is super duper easy to use and offers to pay with BTc, ETH, and their tokens automatically with low fees.. whereas bitcoin ATM machines were having about 5-7 % fee..
ThomasTV2 Posted January 24, 2020 #4 Posted January 24, 2020 There are very many in my town. They are pretty cool too! Its super super cool because I have one right next to my office. One of my coworkers saw me using it one day and was confused on what I was doing. It was pretty funny trying to explain it to him, because he has no idea what Bitcoin is. Also, you can google "Bitcoin ATMs near me" and it will find some in your area. If you dont have any, it would be pretty cool to start one. I know people who own Bitcoin ATMs, it is pretty profitable.
skywallkee Posted January 24, 2020 #5 Posted January 24, 2020 Only in my city there are 4 that I am aware of and 2-3 more in the surrounding cities. In the whole country I certainly can assume that there are at least 50.
cryptofly Posted January 24, 2020 #6 Posted January 24, 2020 Here in my city at least 4 of them. Not a big Crypto community but those who are committed are doing their jobs. Not sure if those ATM are a good business but the fact that they keep it working, paying energy, space rent and maintenance tells many important things. I have never tried one yet, I hope I will do it soon, just to understand what exactly those machines works around the globe. What is a fact is that, those kind of "objects" are very important to mass adoption which is the most important "feature" cryptocurrencies need to achieve. Spread the voice. Good luck.
kirubel Posted January 26, 2020 Author #7 Posted January 26, 2020 On 1/24/2020 at 9:53 PM, Brainy said: There are few in my country where i live in. It was quite good invention back after the major rally where all time highs were achieved due to quick cashing out abilities of crypto. But now i think nobody uses them anymore. The crypto guys from our country to cashing out are mostly using Elipay ( GoCrypto is called now) app which is super duper easy to use and offers to pay with BTc, ETH, and their tokens automatically with low fees.. whereas bitcoin ATM machines were having about 5-7 % fee.. Nice bro, the app you told me i am going to use it, "Elipay" right did it exchange with different currency and its legit right? thanks bro
irfan123123 Posted January 26, 2020 #8 Posted January 26, 2020 Yes now a days more then 5000 ATM machine in over the world but most of countries have not any ATM machine in my country also no ATM machine because in my country bitcoin is not legal tender.
kirubel Posted January 26, 2020 Author #9 Posted January 26, 2020 3 minutes ago, irfan123123 said: Yes now a days more then 5000 ATM machine in over the world but most of countries have not any ATM machine in my country also no ATM machine because in my country bitcoin is not legal tender. Yeah there are ATM machine in most developed country's, my country also don't have the machine but hopefully one day we will get it
yuchan Posted January 26, 2020 #10 Posted January 26, 2020 I have also read articles related to this matter, indeed there are many numbers of bitcoin ATM machines. But compared to the world's population, that number is still relatively small. Including in my country there is no bitcoin ATM machine yet, even though I really hope to try using a bitcoin ATM machine.
kirubel Posted January 27, 2020 Author #11 Posted January 27, 2020 On 1/26/2020 at 1:17 PM, yuchan said: I have also read articles related to this matter, indeed there are many numbers of bitcoin ATM machines. But compared to the world's population, that number is still relatively small. Including in my country there is no bitcoin ATM machine yet, even though I really hope to try using a bitcoin ATM machine. You are right there is no enough Machines comparing to bitcoin users, but having bitcoin atm machine means bitcoin is getting more popular.
Ali saher Posted January 27, 2020 #12 Posted January 27, 2020 Yes I know about this now all around the world 5000 bitcoin ATM machine but in my country also not bitcoin ATM I hope in future maybe I see bitcoin ATM machine in my country and I use this machine for buy sell btc
Soaib khan Posted January 27, 2020 #13 Posted January 27, 2020 Also in my country no any bitcoin atm machine available and crypto currencies still iligal.i hope crypto legalize worldwide and atm available in my country.
kirubel Posted January 27, 2020 Author #14 Posted January 27, 2020 2 minutes ago, Ali saher said: Yes I know about this now all around the world 5000 bitcoin ATM machine but in my country also not bitcoin ATM I hope in future maybe I see bitcoin ATM machine in my country and I use this machine for buy sell btc Like you said in most developing country there are no ATM machines, but hopefully some day we will experience this machine, there are in a lots of places, but someone complained that it have high withdrawal fee about 9%
sahil777 Posted January 28, 2020 #15 Posted January 28, 2020 not in my country as well, its only in those countries where bitcoin trading and mining is legalise by their governments and banks, but in many countries governments are going to ban bitcoin trading and anything about crypto related.
Devil2020 Posted February 20, 2020 #16 Posted February 20, 2020 There were 6,083 Bitcoin ATMs globally as of December 1, 2019. ATM (automated teller machine) is a device enabling the holders of debit or credit cards to withdraw cash from their banking accounts. ... The highest number of Bitcoin ATMs was recorded in the United States as of September 2019. More-https://www.statista.com/statistics/343127/number-bitcoin-atms/
Dp10011 Posted February 28, 2020 #17 Posted February 28, 2020 It was a wonderful idea. I would love to have that in my country too. But that will be very common going forward. Just waiting while it doesn't happen.
Winwin12 Posted February 28, 2020 #18 Posted February 28, 2020 I don't really know that there is really a bitcoin atm machine.but i wonder if the money we can withdraw to that atm machinne is a bit pin or we just need our crypto to convert to fiat begore we able to withdraw?
wngo123 Posted February 28, 2020 #19 Posted February 28, 2020 There is no single chain of these machines. In my country (Poland) we have two chains of these atm bitcoin and from what I heard they work very good, but I didn't use them since I prefer to buy/sell bitcoin online, it's easier. I assume around the world it is similar there are different chains that belong to different companies. So you need to ask about specific chain because I guess there are better and worse companies like with everything.
wry Posted February 28, 2020 #20 Posted February 28, 2020 I love the idea of a Bitcoin ATM but the ones I have seen and thought about using have very high fees. So not only does your area need to have a bitcoin atm, it needs to have a lot of them to keep fees low. They also often have pretty strong KYC protocols and for Bitcoin, you have to wait for a block to confirm. I actually think they would be better for other crypto with faster networks and lower TX fees. Anyway, on balance, a very good think, check them out if they are in your area!
jamesbond Posted February 28, 2020 #21 Posted February 28, 2020 In India in 2018 a crypto exchange company started India's first Bitcoin Kiosk and they were having plan to set it another major cities soon, but in less than a week govt officials closed the kiosk, jailed the ceo and owner of the company and they have to go through various inquires to get their bail. It was very fascinating to see a BTC ATM in India, but it was very short lived and I dont think we are gonna see any bitcoin atm in india soon. Legalization of bitcoin still have to go through a long path in India. Crypto is still not illegal in India, but Crypto is still not considered a legal tender. Wish I can use a bitcoin ATM in India too.
GeorgeFeb Posted February 28, 2020 #22 Posted February 28, 2020 2 hours ago, wry said: I love the idea of a Bitcoin ATM but the ones I have seen and thought about using have very high fees. So not only does your area need to have a bitcoin atm, it needs to have a lot of them to keep fees low. They also often have pretty strong KYC protocols and for Bitcoin, you have to wait for a block to confirm. I actually think they would be better for other crypto with faster networks and lower TX fees. Anyway, on balance, a very good think, check them out if they are in your area! From what I hear, people love those exactly because they don't ask for any verification (have to look into it more closely, I bet it heavily depends on the place), if they do, that makes them unusable like many exchanges except for Binance and Poloneix! For me it'd take a trip to another city to check those ATMs anyway! Idea is great, but I'd rather use online services until some ATMs will have arrived in my city and without KYC!
evet Posted February 29, 2020 #23 Posted February 29, 2020 I'm from Philippines, and there are areas that accepts bitcoin payments already. But haven't seen any bitcoin ATM Machine, guess no one had made that work out here yet
cryptofly Posted February 29, 2020 #24 Posted February 29, 2020 The statistic depicts the number of Bitcoin ATMs worldwide from February 2017 to February 2020. There were 6,674 Bitcoin ATMs globally as of February 1, 2020. It is very interesting to observe how year after year they have increased. There are very few in my country, and so far I haven´t used yet because I really don´t think those are useful to me. But clearly those are a very important tool for the mass adoption that bitcoins need in order to completely success. More information here: https://www.statista.com/statistics/343127/number-bitcoin-atms/
Ali saher Posted February 29, 2020 #25 Posted February 29, 2020 On 1/27/2020 at 7:19 PM, kirubel said: Like you said in most developing country there are no ATM machines, but hopefully some day we will experience this machine, there are in a lots of places, but someone complained that it have high withdrawal fee about 9% I hope in future I see this ATM in my country and I'm sure this currency must adopt every country. But just they need to make some rules about this . Even govt take tax on this I have no issues.
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