I wonder what is the cost of one Bitcoin withdrawal? Because cashless is currently the trend. Does the number of Bitcoin ATMs reflect the number of people using this service?
In Germany, illegal ATMs were dismantled. What about the above Bitcoin ATMs, are they completely legal?

The fees is high around 5-10%

Probably yes if there's no one use Bitcoin ATMs, the growth of ATMs installed will decrease by time to time. But now we already have 10.000+ last year around 5000+, it mean the rising and adoption is so fast.

AFAIK Bitcoin is legal in German, so ATMs is legal too. As you can see there's 28 Bitcoin ATMs installed in German [1], they only shut down all unlicensed Bitcoin ATMs [2]

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[1] https://coinatmradar.com/country/80/bitcoin-atm-germany/
[2] https://news.bitcoin.com/germany-closing-down-all-unlicensed-bitcoin-atms/

Thanks you!


5-10% is too high, need to change the transaction cost.
I have heard about this idea. I would like bitcoin ATMs to accept a crypto ATM card.
The idea is to unify in the creation of ATMs and cards.
ATM cards can hold a lot of crypto and ATMs accept payment by converting crypto into cash at a lower cost.
The first is to wrap the cryptocurrencies into another blockchain like WBTC. We will have W.altcoins and the use of crypto ATMs and crypto card will be easier and lower cost.

8004 ATMs in the US is an impressive number honestly. I'd be really curious to find out which country leads the highest amount of non-KYC ATMs though - that's the real winner! In Romania, we have a few - I think the USA has zero right now as KYC is mandatory over there for them AFAIK.

I personally have never used Bitcoin ATM since they are located at very specific locations and at the same time I do believe the wallet transactions and encashing them are more safer and cheaper

https://coinatmradar.com/
I was so surprised that even Ukraine has 6 ATM's , at the same time I believe this site haven't updated everything till now.

With the ATM's the government are becoming more stricter with imposing registering and fee compulsory which is not at all good for the individual ATM businesses since it takes a lot of time , a lot of things to follow and at the same time you have to pay like a fee of registration , but it is somehow necessary to prevent problems like Money laundering using fake BTC ATM's.

I think before you use the ATM, you have to make sure that the ATM is trustable and the company is giving you good exchange fee.

Lol, where have you been? Did you know that Australia is the second country behind Japan to legalised crypto, Cryptocurrency Regulations in Australia. So it makes sense that they should be in the top 5 at least.

And far as taxes goes, the IRS is already looking at it since 2019, he United States Internal Revenue Service said it was looking into potential tax issues caused by such ATMs and kiosks.

And there are reports as that governments are taking down illegal Bitcoin ATM's.

(1) US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines.

(2) Germany Begins Closing Down All Unlicensed Bitcoin ATMs

(3) Australia - Busted! Bitcoin ATM Seized by Police