Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ATMs normalizing Cryptocurrency
by
The Pharmacist
on 30/01/2020, 19:02:04 UTC
join the Hype Train
You know, that's kind of all I think this is.  That growth rate of bitcoin ATMs is quite astonishing, though, and I wouldn't have expected that many new ones to pop up because I'm not sure how many people are actually using them and how much of a demand there are for them.

The big problem with these machines is the fees, as has been mentioned.  I'd love the convenience of a nearby ATM where I could buy bitcoin if only they didn't charge so much--and I don't even mind the KYC documents I'd have to provide either.  It's just that it costs so damn much over the market price that it really isn't worth it.  I can usually get preev 1:1 deals on this forum, so why would I waste money?

US (gone from 2.295 to 4.535 in a year – up 97,60%)
Canada (gone from 615 to 682 in a year – up 10,89%)
Wow X 2.  That's impressive, but as I said I wonder how much use these ATMs are getting.  I'd really like to see some hard data on that.