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Bitcoin ATMs


Arnab12

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There are now more than 5000 BTC ATMs over the world. But it is clearly not enough and some of them are not functional. We clearly need more BTC ATMs . For that to happen there are two influences which will help. First being favourable regulations by countries and Second being acceptable by banks. If countries regulate BTC then it would be easier to maintain and open ATMs by service providers. Acceptance by banks will help in liquidity in the ATMs.

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Greetings to all! This issue of ATMs has been around for a long time and has gradually spread, I think it is on the right track, but of course it is necessary to continue insisting on the frequent use of cryptocurrencies so that they reach more people in the world, in about 3 years maybe twice the atm

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I think bitcoin ATM system has increased the value of cryptocurrency, I want the number of ATMs to increase day by day, but bitcoin is not legal in all countries, so ATM system has not been introduced in all countries yet, bitcoin is very expensive currency, bitcoin will be declared as currency of all countries in future  I think, in my opinion, all countries should legalize bitcoin, then bitcoin ATM system will be introduced in all countries, bitcoin will increase day by day.  The number of users will increase, Bitcoin is the king of cryptocurrencies, Bitcoin's ATM system is great

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You're talking right and a reason at there places where BTC ATMs is not available are very difficult to reach money in the hard form. Firstly exchange to localbitcoins which fees is too high and also exchange price to specific countries are very bad. So BTC ATMs are forcely need of every bank.

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This happens when all countries allow cryptocurrency trading, as there are still some countries that refuse to trade Bitcoin. I think that in the coming years the number of automated exchange machines will increase with the increase in currency trading

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5000 in few countries only, most of them in europe, so its not much we need those in every country but the problem with many countries their goverments dont like crypto, because banks hate crypto, so its not legalise and no chance for atm there.

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BTC is not yet accepted world wide. But alot of countries have accepted it which is why we have BTC ATMs in some places. BTC ATMs allow you to withdraw, sell and buy BTC with a 7-10% charge on transactions, which is high. Online transactions charges are very small, which is why i will prefer to trade BTC online.

Edited by Baqee
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If ATMs are introduced in crypto currencies throughout the world, it would be very easy to withdraw amount. And i think there is a great need of this, problem is that some countries have not legalized this currency yet, then how can they allow these ATM installation based on crypto currencies.

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  • 3 months later...

Biggest problem of BTC ATMs, at least in my Country is low liquidity. There is often very little cash in them so they are practically useless. The other problem are high fees, but that will get lower and lower as more competing players enter the market.

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