How is Bitcoin ATM machine help in most countries

[Gideon99]

How is Bitcoin ATM machine help in most countries

[debra]

In my country, it is very rare that people want to use Bitcoin ATM. People prefer to deposit or withdrawal through local exchanges. People also trade their Bitcoin on local exchanges. It is because this will be easier and it will be more private. When people withdrawal in local exchanges, they will convert the Bitcoin to Rupiah and it will directly to the ATM. So, we actually don't really need Bitcoin ATM for now.

[de_prof]

In my country, it is very rare that people want to use Bitcoin ATM. People prefer to deposit or withdrawal through local exchanges. People also trade their Bitcoin on local exchanges. It is because this will be easier and it will be more private. When people withdrawal in local exchanges, they will convert the Bitcoin to Rupiah and it will directly to the ATM. So, we actually don't really need Bitcoin ATM for now.

Yeah, in my country is also rare of Bitcoin ATM machine, maybe only two in my country . that I've been hearing about lately, because I've never used it since it's in the nation's capital.  Meanwhile, I am far from the capital city.

[LUCKMCFLY]

For me it is simple, this undoubtedly helps in the progress of a country, a country the more opinions you have about payments, the more opinions you have about how to move money, well that's where it is, I don't know if some countries with weak economies can be seen It's bad to see things from a very clear point of view about things with bitcoin, but some governments may think that it is money laundering and this can lead to the economy suffering from inflation, which I see very exaggerated, but it is not tied to what they say, it may be like that, however Things can be handled from another point of view.

If a country receives money that is foreign or from another source, it is money that comes in, it is something that cannot be said no, I think it would be very backward to say no to something like that, however for me what it brings It would be progress and Economic development, it is a Dynamization of the economy.

[dkbit98]

How is Bitcoin ATM machine help in most countries

What kind a question is this?   
You should obviously know how all ATM machines work, they give you cash for card transactions and it's the same thing with bitcoin ATM's.
People need cash, Bitcoin ATM helps and provides cash, simple.

Stats are showing big growth in last few years:
https://coinatmradar.com/charts/growth/

[joniboini]

Help with what exactly? You can't ask whether it helps or not if the context is not clear, not to mention some countries are different from one another. You shouldn't expect a country like Indonesia to have as many ATMs as the US for example. If you mean the adoption of BTC as a means of payment, other factors are more important IMO, such as the number of merchants accepting BTC.

People also trade their Bitcoin on local exchanges. It is because this will be easier and it will be more private.

I don't think it is more private since you need to do KYC to begin with. If you're saying that nobody can physically see you accessing a Bitcoin ATM, then sure, but it is not like they will follow you and do a $5 in the middle of a city. That being said, you shouldn't underestimate people and keep your awareness at all times. Don't choose an ATM in an obscure location for example, although I don't think that exists in ID. CMIIW.

[bayu7adi]

In my country, Bitcoin ATMs can be the best solution to avoid direct BTC transactions since cryptocurrency transactions are banned in stores nationwide. With Bitcoin ATMs, one can convert BTC into cash first and then use it for transactions.

However, a few weeks ago, the public was shocked by a scam incident involving Bitcoin ATMs. So, it's advised that anyone looking to transact BTC at ATM machines should still be cautious. Because scams and thefts are always evolving with methods that weren't even thought of before.

https://kenoshanews.com/news/local/kenosha-police-warn-of-bitcoin-atm-scam-two-incidents-reported/article_93cebb78-c202-11ee-8a25-67a6f0e973ad.html

[Husires]

It is rare to find these ATMs compared to traditional ATMs, and with the high fees, KYC and limited withdrawal amounts, they will be the last option for anyone who wants to withdraw their investments or buy Bitcoin.

[Aanuoluwatofunmi]

How is Bitcoin ATM machine help in most countries

Bitcoin ATM machine is not what is that common and I don't think it's found in most underdeveloped countries except for the developed once, it's use is not that difficult to use but I think people will have more challenges with the transaction fee in making use of one than performing it from your other devices directly without using the ATM, distance to locations where this machines were made available also is part of the reasons why many couldn't afford the use of this Bitcoin ATM machine in countries where they were made available.

[0t3p0t]

How is Bitcoin ATM machine help in most countries

To be honest it doesn't help here in my country because I have seen people complaining about high transaction fee with these machines. Though I haven't tried one but I think I won't bother trying so I won't regret right after the said transaction. Since I am living in the province I will surely miss that opportunity but if owners will have to fix fees into a fair one I think it's then worth trying.

[Gurujebs]

How is Bitcoin ATM machine help in most countries

Right before the trend of exchange P2P, it is difficult for some people to buy and sell Bitcoin and other coins, back then most of these exchanges are only for trading existing coins that you have, there is no better and secured ways to buy with fiat and then Bitcoin ATM where everywhere and it got trended but after a while, the growth subdue and reduce, we have some but many of them not functioning especially where I stay because everyone now use P2P on exchanges.

There is still countries that Bitcoin ATM works but some of them are wicked with charges, the fees is discouraging people to use them and also the government is not friendly with them.

[bitbit97]

How is Bitcoin ATM machine help in most countries

What kind a question is this?   
You should obviously know how all ATM machines work, they give you cash for card transactions and it's the same thing with bitcoin ATM's.
People need cash, Bitcoin ATM helps and provides cash, simple.

Stats are showing big growth in last few years:
https://coinatmradar.com/charts/growth/

I think OP expected to get something else than just cashing out crypto. In the past, I have seen in ATM machines where user was able to pay utilitiby bill, or pay for the mobile or the internet. This was done by scanning bar code of a document, inserting card and making a payment. Also I have seen an option to top-up some platform account with it. Like adding balance to Steam account, or buying something in World of Tanks (maybe I am wrong with something, but I remember seeing its logo among ATM services).

I think OP wanted to find out if there are ATM with such options. But instead of inserting the card, user would have to scan QR code with his mobile wallet.

[Tribalchief]

How is Bitcoin ATM machine help in most countries

Bitcoin ATMs have been a valuable technique used by Bitcoin enthusiasts to promote the use of Bitcoin. These ATMs accept fiat currencies in exchange for Bitcoin. The process varies depending on the machine; some machines may print out a Bitcoin slip containing a QR code. By scanning the code, the specified amount of Bitcoin is transferred to an assigned address.

From my perspective, I would advocate for a Point-of-Sale Bitcoin device, as they are portable and affordable for small businesses. Not every business organization can afford a Bitcoin ATM.

Also, note that it is ATM (Automated Teller Machine). There is no need to add the word "Machine" to ATM.

[robelneo]

How is Bitcoin ATM machine help in most countries

It makes trading their Bitcoin easy, unfortunately, we only have 35 ATMs in our country, and our country is still in the adoption process there are 5 local traders in our country and Binance will be banned by the end of this month, but our country is moving fast-paced in adoption maybe in the future it will become a popular mode of trading our Bitcoin.
If you want to see countries with the most numbers of ATM you can check out this article https://coinatmradar.com/countries/
The United States has the most number with 30354 locations

[Don Pedro Dinero]

It is rare to find these ATMs compared to traditional ATMs, and with the high fees, KYC and limited withdrawal amounts, they will be the last option for anyone who wants to withdraw their investments or buy Bitcoin.

For me it only makes sense to use them if they are without KYC. Why are you going to pay high fees, more than those of any CEX, and also pass a KYC? If you can find ATMs without KYC they are good options for selling modest amounts of bitcoin and cryptocurrencies. In my case, the only ones I have used are without KYC and that will continue to be the case. If there is a day when KYC is implemented in all of them, I will stop using them.