Yes people that are close to these ATM's are actually using it. Having a nearby ATM is very helpful if you need cash or you have spare money and you wanted to buy if you are an investor.

How can people aren't interested with bitcoin ATM? it's very interesting to have this on your locale and this only means that adoption in your locale is increasing.

If you want to know if there's one nearby you.
https://coinatmradar.com/

Well, the fees mostly are pretty high and the maximum tradeable amount is low.
It is much easier more convenient to register at an exchange and buy/sell there.




No. They are not from banks. And these ATM's are not related to banks in any way.
Private businesses/institutions/people buy or build them and deploy them at local places. That's a business model.

I´m not so sure about this. Most Bitcoin ATMs that I have seen
are not exactly transparent about the fees that they charge.
Instead of displaying in red letters that you are paying a 6 %
fee to cover the costs of the operator and the BTC transaction, they
simply give you a worse rate that includes the fee.
By doing this, a newcomer may be completely unaware that he
is getting screwed by an uncompetitive rate.

Professional buyers surely don´t use these ATMs, because why would
you want to pay a 6 % premium when you can buy Bitcoin at an exchange
like Bitstamp for 0.25 % in fees.

Thank you all for the input.

From my impression so far these things are working better in some countries than others, probably related to the level of economy and general trust within that country. A transparent fee structure should be mandatory, otherwise these machines are no less than a scam and most people would not use them again.

I agree with you partially, I don't see any other situation to use ATM to buy crypto just for the normies, newbies, etc, the people who want to get "some bitcoin" just to have it, because it's cool and everyone is talking about it become digital gold or something like that. I wouldn't use crypto ATM because I know how to do it with lesser fees and using just web exchanges or app.

I myself totally underestimated Bitcoin ATMs. As a Bitcoin user who's lived and worked in 3 varied places since first owning Bitcoin... I can't understand why anyone would want to use those machines when the fees are at a premium, when you're out in public... and worse, when you buy, you probably still have to sweep the wallet if you really want to be sure.

Of course, tech's probably upgraded a lot from when I first read about them (actually only seen two up close) so maybe the fees have become more attractive, maybe security's better. But it's just so much easier to just get it P2P.

OK the KYC factor's there, but there's still enough p2p options to get around that too.

That's what I thought as well, especially with fees being close to 5%, but turns out a Bitcoin ATM close to where I live is being used nearly all the time I walk in the gas station to pay for my gass.

Once the queue was so insanely long that it instantly made me look up what the price did that day, and turns out it went down another ~10% which definitely stimulated people to buy that dip.

If the price tanks 10% the 5% fee won't hurt you that much, so it's really an opportunity for people.

Could very well be. I don't think I'll ever try to arrange a deal with a complete stranger to buy or sell crypto. It's pretty much asking for problems with how you turn yourself into an easy target for ill minded people.

People use crypto ATM's, in one of the clubs where ATM is placed here in my country I constantly read about promotions they make in that club with one goal, to rise awareness of crypto in my country. It's just one place like that one here, but it's good to have it and I believe we will have more similar places.
People use ATM's generally, it's be easy for people to transfer from using fiat ATM's to crypto ATM's. I need to point out one thing we use ATM's to withdraw cash, but if we know that cash will be a thing of history and that we will do everything from our wallets on the phones will there be a need for ATM machines? It's a big question, and I believe in cashless society that will come sooner or later, but until that there will be a need for ATM's.

Actually I have never even seen any of these ATMs except on pictures online and how people talk about them. So like you I am probably curious to get some. Actually where I am living now, even localbitcoin fees and prices from Sellers are almost 10% at times especially with recent demand and that stupid crypto ban in my country. So if I could get ATM Bitcoins at 10% I probably would. I don't like meeting strangers too. So many crime from those meetings happened in my country.

It's a strange thing to imagine for me, to be able to buy Bitcoin everywhere. Perhaps one day if I can travel I will see all of these amazing sights.