Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Munareal on August 24, 2018, 03:05:12 PM
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A Bitcoin ATM is a machine that buys or sells bitcoins for cash. Have you used the Bitcoin ATM ?
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A Bitcoin ATM is a kiosk that allows a person to exchange Bitcoin and cash. It means you can use it both ways.
A Bitcoin ATM lets you buy bitcoin with cash. Similar to the way you insert a debit card into a traditional ATM and get cash, a Bitcoin ATM accepts cash and spits out bitcoins. Some Bitcoin ATMs also work the opposite way: you can send bitcoins to the machine and receive cash.
Anyway it's better to check before using it. Maybe there are different ones.
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During joining, I have never bought bitcoin through ATM, because I haven't found or seen a special ATM to buy and sell bitcoins, for example, it will be easier to buy and sell bitcoins
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A Bitcoin ATM is a machine that buys or sells bitcoins for cash. Have you used the Bitcoin ATM ?
A Bitcoin ATM lets you buy bitcoin with cash. Similar to the way you insert a debit card into a traditional ATM and get cash, a Bitcoin ATM accepts cash and spits out bitcoins. Some Bitcoin ATMs also work the opposite way: you can send bitcoins to the machine and receive cash.
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A Bitcoin ATM is a kiosk that allows a person to exchange Bitcoin and cash. It means you can use it both ways.
A Bitcoin ATM lets you buy bitcoin with cash. Similar to the way you insert a debit card into a traditional ATM and get cash, a Bitcoin ATM accepts cash and spits out bitcoins. Some Bitcoin ATMs also work the opposite way: you can send bitcoins to the machine and receive cash.
Anyway it's better to check before using it. Maybe there are different ones.
The machine will then dispense the amount of cash requested, Kelley says. Other Bitcoin machines recently launched in New Mexico and Boston allow customers to get bitcoins for cash — but don't dispense cash for bitcoins, a key distinction between those machines and the Austin ATM,
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Bitcoin ATMs charge an average transaction fee of 8.93 percent, Coin ATM Radar said. Coinsource charges about 8 percent. Cryptocurrency ATMs typically charge a percentage rather than a flat fee, like bank ATMs
An industry that was nonexistent a year ago is flourishing and profitable today, according a news release from bitcoin ATM-maker Lamassu. Internal Lamassu surveys show that standard cash-to-bitcoin locations are averaging $20,000 in transactions per month, while prime locations are averaging $40,000–$60,000 per month.
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Lamassu Launches New Line of Cryptocurrency ATMs
Lamassu, a Portuguese Bitcoin ATM manufacturer, has unveiled three new machines comprising its “next generation” of cryptocurrency ATMs. Also Read: https://news.bitcoin.com/lamassu-launches-new-cryptocurrency-atms/ bitcoin will be easy to be accessed by all of people around the world in the future.
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I have never used bitcoin atm because there is only 1 bitcoin atm in my country. Besides that, the bitcoin atm is far from where I live. Unfortunately, I don't have the opportunity to trade with this bitcoin atm. Are there other features that can be used with this bitcoin ATM besides making bitcoin purchases and sales?
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in my country Bitcoin ATMs already exist but I have never used them because the location of the Bitcoin ATM is very far from the area where I live, and I am very interested to visit it someday
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Bitcoin atm is no longer new. It has been already for a year. One of the famous atm machine is the one located at Las Vegas and it was owned by the former Heavy Weight Boxing Chanpion of the World. He is no other than Mike Tyson the giant in the boxing ring has found a potention in bitcoin thus he set up bitcoin atm machine all across Las Vegas. In our country, Philippines, there is one bitcoin atm machine at Metro Manila and it is the first and only bitcoin atm machine in this country.
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30 Bitcoin [BTC] ATMs to be launched in Argentina to slowdown aggravating inflation
Read Here - https://ambcrypto.com/30-bitcoin-btc-atms-to-be-launched-in-argentina-to-slowdown-aggravating-inflation/ it is good progress of bitcoin ATM around the world, in the future will many countries use bitcoin ATM.
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in my country is there still no regulation of bitcoin let alone having an ATM ??
maybe when there will be regulation for crypto currency
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there is bitcoin atm here
but never used it, i dont know how to use it actually
and how about the fee, better buying from account bank i think
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I heard about ATM machines. For me this is good news for crypto users who are the number one beneficiaries in this progress. I also think that there are more process to be expected from bitcoin team. Maybe we can say wait there's more to come.
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$50,000 Bitcoin ATM Scam Surfaces in Australia
In Melbourne’s West, scammers posing as debt collectors conned victims to deposit over $50,000 into a Bitcoin ATM. According to The Sydney Morning Herald’s article published on October 5, 2018, the four victims who were believed to be migrants. https://btcmanager.com/50000-bitcoin-atm-scam-surfaces-in-australia/ another interesting information about bitcoin ATM guys.
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I think, bitcoin atm machines only exist in certain places and there are still not many people using them, if there is a bitcoin atm machine it might make it easier for us to exchange bitcoin into an official currency, so we can use it more easily and be acceptable
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I have never used a Bitcoin ATM completely. Because in my country Bitcoin is not legalized, so I have never been able to have a Bitcoin ATM here. Maybe if it's already a Crypto-legalizing country there must be a Bitcoin ATM.
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if a bitcoin ATM is expanded further, it will definitely be easier for us to access bitcoin wherever we are, especially now that there are many who do not know of a particular ATM bitcoin .
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A major cryptocurrency exchange in India, Unocoin, has confirmed that it is launching crypto ATMs. While a formal announcement has not been made, an image of one of the exchange’s ATMs spreading on social media suggests that the machines support at least five cryptocurrencies. https://news.bitcoin.com/indian-exchange-unocoin-atms/ it is good for industry of bitcoin ATM around the world.
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I am not sure if someone already using this kind of ATM because this is the first time that i read bitcoin ATM and even in reports and in social media.
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I do think that Bitcoin ATMs are cool although i haven't seen one. I do have questions that needs answers regarding this though. Will it be just like using an ordinary ATM? If i do have bitcoin and i want to exchange them for fiat, will it be possible by using a bitcoin ATM? And if it do, will i be charge with extra fees or gas?
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I did not use Bitcoin on ATM but it was easier to use Bitcoin on ATM than we used to use wherever we are when the time comes and I will use it.
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Is there a bitcoin atm machine in your country, if yes, living in your country is very advanced, different from my country where bitcoin is still in the process of debate to make regulations ..
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Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm
A woman suing for 62,500 Canadian dollars $48,125 sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit. https://news.bitcoin.com/scam-victim-loses-48000-claim-against-canadian-bitcoin-atm-firm/ so becarefull guys when use ATM bitcoin because the risk of losing always be available.
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Maybe there's a bitcion atm here in my place but I didn't know where.. but I stil believe we must go to the legal bitcion atm for our security because many scammers now a day's..think twice before we buy
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I have never used it because in my country there is no Bitcoin ATM.
I exchanged Bitcoin with my escrow friend who has a Bitcoin in the Binance wallet.
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No, I just saw this Bitcoin Atm on YouTube. In my area there is indeed no Bitcoin Atm machine, so I have never used this Atm machine. Actually I am very interested in using Atm Bitcoin, maybe later if I visit the place where there is a Bitcoin Atm machine I definitely use it.
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Ahhh I always s wondering that bitcoin is popular in my country and bitcoin ATM is not strange here, so I can easy do transaction with someone
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I've only hear that from a friend but I had never experienced of using it. But the idea of creating that ATM is a good thing, that it would be easier for us to transact whatever we want to do with our holdings and bitcoin to convert into money and vise versa.
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Hello guys, i have found a good information related with bitcoin ATM which are 30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban
A major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that, initially, the company plans to deploy 30 machines.
Read More: https://news.bitcoin.com/crypto-atms-india-unocoin-solution-rbi-ban/ that's good information for all of community of bitcoin.
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A deal between a traditional ATM manufacturer and a cryptocurrency vending machine firm will make it possible to buy bitcoin at tens of thousands of locations in the United States using a debit card.
Bitcoin ATM firm LibertyX and regular ATM manufacturer Genmega have forged a partnership which will make it possible to purchase bitcoin using a debit card at up to 100,000 locations in the United States. https://www.ccn.com/partnership-could-see-up-to-100000-regular-atms-in-u-s-turned-into-bitcoin-vending-machines/ that's good news for bitcoin's ATM
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ATM could be the manifestation of bitcoin supremacy in crypto world. This is also a proof of bitcoin popularity and success all over the globe.
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I have never used bitcoin atm because bitcoin atm is not available in my city. But in my country or another city like Bali there is already some bitcoin atm in that city. Maybe when I go to the city I will try to use bitcoin atm.
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I am not use bitcoin ATM yet. How can i use it? Where can it be found?
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There is no bitcoin ATM in my country yet and I have not felt any benefits offered by this bitcoin ATM, I am quite impressed because I just know there is a bitcoin ATM, this is quite remarkable progress in my opinion that usually ATM is only for currency fiat.
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I haven't been able to use a Bitcoin ATM as a tool for me to use it as an intermediary in buying and selling Bitcoin. So I just found out that in certain countries I have also used a Bitcoin ATM Card.
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Hello guys there is bad news about the bitcoin ATM, One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approvals. Hopefully this Issues will be fixed by the developer of team, so the bitcoin ATM on India can run again.
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Coinsource, a Texas-based cryptocurrency ATM operator, has made a lot of headway over the years, with 200 BTC-dispensing ATMs across the U.S. and 40 kiosks in the state of New York. The company applied for the Bitlicense in the summer of 2015, but it and other businesses have been able to operate over the years by using provisional licenses.
The Bitlicense was created in 2015 and has been controversial since the day it was introduced. However, because New York is one of the world’s biggest financial centers, large cryptocurrency companies such as Circle, Coinbase and Bitflyer have already secured approval to offer their services in the state. Coinsource will be the 12th company to be granted the Bitlicense and the first crypto-ATM provider to be permitted to operate legally in the state.
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I have never done it but I see a lot of Bitcoin are already used in ATM machines.
Maybe more precisely you can check here: https://coinatmradar.com/
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Bitcoin machines are not ATMs in the traditional sense and probably use the wording ATM as a neologism. Bitcoin kiosks are machines which are connected to the Internet, allowing the insertion of cash in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain.
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In my country the Bitcoin ATM already exists,even now I have never tried it, because the distance from my home to a Bitcoin ATM is very far and can take a very long time.
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I have never used bitcoin atm before because there is no bitcoin atm in my country. But I would certainly use it if it existed, and it would also be very useful in in other contries while travelling.
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Coinsource, the Texas-based cryptocurrency ATM network, has announced plans to expand into upstate New York, where it will install kiosks in Albany, Syracuse, Buffalo and Rochester. The move comes shortly after the company revealed it had secured a virtual currency license, or Bitlicense, from the New York State Department of Financial Services.
The cryptocurrency ATM network has also announced it has expanded into North Carolina, Virginia, Maryland and Delaware. This bring the total number of jurisdictions that Coinsource operates its Bitcoin Teller Machines (BTMs) in to 23, including North Carolina, Virginia, Delaware, Florida, California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland and the District of Columbia.
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I have never used bitcoin atm because there is only 1 bitcoin atm in my country. Besides that, the bitcoin atm is far from where I live. Unfortunately, I don't have the opportunity to trade with this bitcoin atm. Are there other features that can be used with this bitcoin ATM besides making bitcoin purchases and sales?
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I have never used it and it is also rare in my country for Bitcoin ATMs.
But maybe a Bitcoin ATM also has an expensive fee if I use it because I arbitrate altcoins always using DOGE.
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A Bitcoin ATM is a machine that buys or sells bitcoins for cash. Have you used the Bitcoin ATM ?
No, I still did not see it and used it as well as. But i heard about it. I will be most happiest person if i use this matchine as i am crypto lover. But matter of sorrow that my county still not accepting cryto and they are in fear of crypto indeustry. This is so much stupid government.
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When considering Bitcoin ATMs, prioritize safety, accessibility, and transparent fees. UNBANK, a trusted platform for cryptocurrency transactions, offers a secure and user-friendly experience. For Bitcoin ATM usage, ensure you choose a convenient and secure location while being aware of associated fees. UNBANK provides clear fee information. Security is paramount, and UNBANK follows strict security measures. Transaction limits may vary, and UNBANK offers flexibility. A seamless user interface and reliable customer support are essential, and UNBANK excels in these areas. While Bitcoin ATMs offer convenience, using UNBANK guarantees a secure and transparent experience for all your cryptocurrency needs, whether online or at ATMs.
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Crypto automated teller machines (ATMs) are stand-alone electronic kiosks that allow users to buy and sell cryptocurrency in exchange for cash or with a debit card. All crypto ATMs sell Bitcoin, while some also offer other cryptocurrencies. Not all crypto ATMs allow the sale of crypto, as some are limited to purchases only.
Share your Bitcoin Atm machine experince.
Do you like Bitcoin Atm machine?