Quote from: Snorek on June 04, 2016, 06:23:48 PM

When I use traditional ATM I know more or less what to expect. I know that I can withdraw my money from my bank account and it is pretty straightforward process.

On the other hand with Bitcoin ATM it is a lottery and you are never sure, I keep asking myself:

What can I do with machine like this? Can I buy BTC from it for FIAT, or can I load it with my BTC and then withdraw FIAT?
What kind of fees I have to pay? Do I need some kind of ID to use it?

All these thoughts have successfully discouraged me from using a Bitcoin ATM.

If you have the money to build a network it can be very succesfull. Coin Source and Digital Mint have the 2 biggest networks. They can benifit from economies of scale.Plus most Newbies have no idea how to trade on an exchnage so thats a deterent. They will pay the higher fees for speed, convenience and ease of use on BTM's. People pay a
10% premium on localbitcoins are anon starter.

twinkletoes007

Posts

Merits