Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Munareal on November 14, 2018, 10:02:50 AM
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It is not easy to sell bitcoin for fiat currency though there are many platforms accepting the bitcoin currency for payment. A crypto user will want to exchange his crypto coin and spend in the real world. Bitcoin ATMs are making it possible though they are in limited quantity and locations. Many bitcoin ATM users complained about the fees charged. So are Bitcoin ATM worth using?
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The cryptocurrency market is expanding, and every day more and more investors learn about the benefits of blockchain technologies. Thus, the demand is growing, and with it the opportunities.Bitcoin ATM is one of the most profitable businesses associated with bitcoins.
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They are worth using,as for the charges it is because there is less competitions in the ATM business once there are more ATM business center in different locations it charges will reduce.
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In Norway we rarely use cash, so I like converting the cash I sometimes do get into Bitcoin. Just to play with Lightning, donations and stuff. ATMs are great for those kind of of purchases, and in general for awareness.
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To think that it is just in the stage of trying and error to determine the advantage and disadvantage in order to improve the system at the proper time. Let us give some times for the better progress of the process.
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It's probably worth using only on emergency situations. I know I would not use it regularly given the high fees as you mentioned. I'm not sure but others say they require some sort of KYC?
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Actually ATM Bitcoin is good if used. But many people complain about the use of Bitcoin ATMs because not all companies and people around do not recognize it, it will be very difficult. I think this must be considered again and should be an evaluation material for Bitcoin and its team.
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I am not yet a fan of Bitcoin ATM's. I use a mobile app which allows me to cash out and claim from multiple fiat remittance centers.
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Yes because it is where your profit stored. Maybe charges may occurs because because bitcoin has no bank of its own. Even if you put it on other bank's atm, charges still applied
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Be they people in the West who have fallen into the debt trap and lost access to banking services, newly arrived immigrants, or even tourists that have had banking services temporarily frozen.