Quote from: gakadem on March 01, 2018, 05:41:12 PM

Quote from: nick_nick on March 01, 2018, 05:15:50 PM

Quote from: sammyh on January 25, 2018, 06:04:59 PM

Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.

Would like to know if any of you have used such an ATM? If so, why?

If you have never used such an ATM, under what circumstances would you consider using it?

I haven't seen crypto ATM myself but if there should be one; it would possibly be a great step in the crypto world. It would probably facilitate quicker and easy transactions and also attract many people to trade in cryptos

in my country there has been an ATM for bitcoin, and it can be used to withdraw cash directly.
and this is the ATM location address along with the specification of the bitcoin ATM machine:
1. Jakarta
Location: LTC Glodok
Address:
LTC-Glodok
Ground Floor 1
Block B2 no 2
Jakarta, Indonesia
Open hours:
Mon-Fri: 8:30 am - 4:00 pm
Sat: 8:30 am - 12:00 pm
Direction: Fiat ⇄ Crypto
Supported coins:
Fees: 0.9% from BTC-e
Limits: Rp 3 million
ATM Type: BitXatm

2. Kuta, Bali
Location: Bitcoin.co.id Information Center
Address:
Legian Kaja Street, No. 455
Kuta, Bali
Indonesia
Open hours:
Mon-Sat: 9:00 am - 6:00 pm
Direction: Fiat → Crypto
Supported coins:
Fees: Bitcoin.co.id + 3%
Limits: 1 BTC per transaction
ATM Type: Lamassu

3. Ubud
Location: Hubud
Address:
Jalan Monkey Forest 88X, Ubud
Gianyar
Bali 80571, Indonesia
Direction: Fiat → Crypto
Supported coins:
Fees: Bitcoin.co.id + 3%
Limits: 1 BTC per transaction
ATM Type: Lamassu

I just found out that bitcoin ATM also has a withdrawal limit. and that's the same as ATM for paper money.
I am very curious about it, I will try it later if for example I'm on vacation to your country. Grin