4 ms·

> Commonly Used Bitcoin ATM Really? How common are Bitcoin ATMs? And if they are geographically common, how often are people using them beyond the novelty fact

by anonu 5y ago

> Commonly Used Bitcoin ATM Really? How common are Bitcoin ATMs? And if they are geographically common, how often are people using them beyond the novelty factor?

wcoenen 5y ago
"Commonly used" is not referring to the number, or usage, of Bitcoin ATMs out there. It is referring to the fact that a large fraction of the existing Bitcoin ATMs are "General Bytes BATMtwo (GBBATM2)" machines.
Geee 5y ago
There are quite many. https://coinatmradar.com https://coinatmradar.com
ravenstine 5y ago
There's a bunch of them where I live (I'm in LA area though), including the 7-Eleven right down the street from my house. I used it when I was first trying to learn about Bitcoin but haven't used it for a practical reason yet; financially, it makes more sense to use Local Coin Swap if you don't need physical cash.
NavinF 5y ago
They're commonly found at hackerspaces.
carrja99 5y ago
I live in Missouri and witnessed an elderly woman withdraw cash from one at the mall some time ago. Was really floored by that one!
- arcticbull 5y ago
  In all seriousness she was probably being scammed. Happens a lot, especially to the elderly. There was a thread about this on r/bitcoin recently.
xanaxagoras 5y ago
It's the easiest way to stack sats without forking over your government ID.
latchkey 5y ago
Coinstar has one in many major super markets in the US. https://www.coinstar.com/bitcoin https://www.coinstar.com/bitcoin You notice these in other countries quite a bit. Makes it super easy to buy crypto with local currency. Makes it easier to travel with more than 10k cash... no declarations at the airport, no risk of being robbed of cash. Makes it easier for locals to send and receive money from abroad.
- xur17 5y ago
  Fees weren't great, but I used one of these for cash on an international trip when I forgot my atm card.
- KptMarchewa 5y ago
  >Makes it easier to travel with more than 10k cash... no declarations at the airport, no risk of being robbed of cash. Yes, traveling with no cash is easier to travel with large amount of cash.
ProjectArcturis 5y ago
There's one near my office and I often see people who are probably drug dealers feed stacks of hundred dollar bills into it.

by anonu 5y ago

> Commonly Used Bitcoin ATM Really? How common are Bitcoin ATMs? And if they are geographically common, how often are people using them beyond the novelty factor?

wcoenen 5y ago

"Commonly used" is not referring to the number, or usage, of Bitcoin ATMs out there. It is referring to the fact that a large fraction of the existing Bitcoin ATMs are "General Bytes BATMtwo (GBBATM2)" machines.

Geee 5y ago

There are quite many. https://coinatmradar.com https://coinatmradar.com

ravenstine 5y ago

There's a bunch of them where I live (I'm in LA area though), including the 7-Eleven right down the street from my house. I used it when I was first trying to learn about Bitcoin but haven't used it for a practical reason yet; financially, it makes more sense to use Local Coin Swap if you don't need physical cash.

NavinF 5y ago

They're commonly found at hackerspaces.

carrja99 5y ago

I live in Missouri and witnessed an elderly woman withdraw cash from one at the mall some time ago. Was really floored by that one!

arcticbull 5y ago
In all seriousness she was probably being scammed. Happens a lot, especially to the elderly. There was a thread about this on r/bitcoin recently.

xanaxagoras 5y ago

It's the easiest way to stack sats without forking over your government ID.

latchkey 5y ago

Coinstar has one in many major super markets in the US. https://www.coinstar.com/bitcoin https://www.coinstar.com/bitcoin You notice these in other countries quite a bit. Makes it super easy to buy crypto with local currency. Makes it easier to travel with more than 10k cash... no declarations at the airport, no risk of being robbed of cash. Makes it easier for locals to send and receive money from abroad.

xur17 5y ago
Fees weren't great, but I used one of these for cash on an international trip when I forgot my atm card.
KptMarchewa 5y ago
>Makes it easier to travel with more than 10k cash... no declarations at the airport, no risk of being robbed of cash. Yes, traveling with no cash is easier to travel with large amount of cash.

ProjectArcturis 5y ago

There's one near my office and I often see people who are probably drug dealers feed stacks of hundred dollar bills into it.