Hi guys,
I've been long fascinated with bitcoin ATM machines and love to spot them wherever I go traveling but haven't seen one for a long time in New York – are there any of them left in the city at all?
I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.
Have you ever used a bitcoin ATM in NYC?
I am very interested in using Bitcoin ATM but Bitcoin is not considered legal currency in my country yet. So it is still illegal in my country by the government. Due to this there is no chance of it being launched in my country till now. But I think from where there are Bitcoin ATMs people definitely use it and use it very happily. People's interest in Bitcoin will increase even more when Bitcoin ATMs are launched worldwide. And everyone will start thinking of Bitcoin as fiat money. It will happen in the future but requires a long patience.
From the above comments, you can also see that not too many people are willing to use bitcoin ATMs for a number of reasons such as high transaction fees, potential privacy exposure, and fear of bitcoin robbery threats. ..So I think that even if we install more bitcoin ATMs, it will be very difficult to reach many people.
Furthermore, just because people use Bitcoin ATMs, that doesn't mean it has a chance of becoming currency. That's not the way to turn Bitcoin into currency, and it's not that simple. Personally, I think bitcoin has no chance of becoming a currency even if we had more time.