According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source:
https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/I find bitcoin ATMs a little bit underwhelming due to the high transaction fees provided by the system. In addition, only a limited number of ATMs are in my country and most of them are still under development due to maintenance. I do not see the project materializing in the near future but we cannot deny the fact that it's a good start in introducing cryptocurrencies to the public.
If you really want to withdraw your bitcoins for cash, better use your local wallet as some offer exchanges from third-party establishments.
Yes, I already noticed that. Here in our place bitcoin ATM's is increasing also but some of the people are stealing it without the proper knowledge that it has no cash inside. It is good news that bitcoin atm's are increasing year by year it means people are adapting.
They really need to address the high transaction fees or else people would continue to ignore it. But you are right though, it still a continuous development in the widespread adoption of bitcoin and exposure to the public.