It is always great to have first-hand experience in using a Bitcoin ATM but that's it.  As said, I would just use it once for experience's sake but not on a regular basis.  It is a hassle looking for the machine and I feel that it is a waste of time to travel just to withdraw from it when there is a more convenient and cheaper way of Bitcoin transfer/cash out online.

From what I have read, at least half of the people who responded don't have access to an ATM. I am in the USA, and in a major city area (New York City area), and they are literally everywhere. I haven't ever used one because I thought it was pretty pointless, and seemed sleazy. I mean, if you know anything about bitcoin, why would you buy from an ATM, since it surely can't be less expensive. However I also read that one user mentioned that they only take a 1% or low fee. For this reason, it might be worth it.

I know I am speaking out of ignorance, but I thought the way it works is, you pay them for the bitcoin, and they give you a paper wallet. I figured you would only really use it if you knew nothing about bitcoin, and wanted to buy some, sort of like the gold bullion vending machines. Or buy it as a gift for someone else. I thought it was a good idea only to buy a last minute gift for someone, which might last longer than a small gadget/technology. I realize that I must sound spoiled being that I have access to this, and most people don't. I think it might be worth trying one out. However I don't understand the purpose of using one to buy bitcoin, if you need to provide a wallet, since at that point you must already know enough about BTC to have a wallet already.

One thing I did not consider is that you would be able to sell BTC for cash at these ATMs. That is fairly interesting, since any other way usually requires jumping through a lot of hoops. That makes me wonder how easy it would be. If it is as easy as it seems, and without providing personal information, then it would seem like a great idea, as long as they don't take too much as fees.

For the person that mentioned they saw an ATM being installed and the owner getting arrested a day later, that make me feel humbled that this freedom would be possible... and that this freedom can be taken away.

I appreciate everyone who posted a reply, and I did not mean to sound spoiled or privileged, I truthfully did not know that Bitcoin ATMs are a somewhat rare thing, or luxury. I am grateful for the honest feedback and insight this has given me.

I would love to try one, if I had access to one where I didnt have to give personal details
I would use it for sure to buy and sell Bitcoin but mostly buy. For no KYC I would be
ok with a 5 to 10% fee I think.

Having said all that, I have yet to come across one.

I want to use it really bad, maybe just for experience and the curiosity I have. Sad truth is my place is so behind the tech, so it is unavailable in here. I really try using one, imagining it gives me excitement. My city sucks and maybe only few folks knows about crypto currencies, around less than 2k people, so I should move to another city where it's popularity is on.

I have used one and the fees are fine. In my area there's a number of them and one that I've used a few times has 3% transaction fee, which is fine, especially that it doesn't require any KYC up to 1k EUR and you can sell BTC for cash straight away. There are cheaper ways to sell cryptocurrencies, but they require you to set up full account, go through KYC, have a bank account linked and so on. For me privacy is worth that additional 1% or 2% fee.

I have never used it because in my area there are no bitcoin ATMs that can be reached by my location, there are several in strategic locations in the capital city and in several other areas such as tourist attractions visited by many foreign tourists.
I hope bitcoin ATM will expand and reach where I live so I can use it and feel the difference and its advantages.

that's actually what I'm saying, how would the machine be registered if the country don't adopt or legalize cryptocurrency in the state, it's very difficult or rigid before you can see someone who has used bitcoin ATM machine, because i remembered vividly that in year 2020 someone brought the statistics of bitcoin ATM stands in each of the country and location precisely, so if it's legalize there, people will not hesitate to make use of it, but a process Bitcoin is prohibited in a country, people will not summon the courage to use bitcoin deposit or dispense machine

I have serious doubts about that number. The lowest ever BTC ATM fee I saw was 4% (same ATM now has 6.5% fee), and I am using them since 2017. One of the reasons why BTC ATM fees are not small is due increased expenditures: the owner has to pay the renting of the space, machine itself (and machine ain't cheap at all, afaik 2 way machine costs more than $10k) and on top of that, owner has to pay the taxes on the profit he makes. So yeah, I don't see how 1% fee is possible.

Not really. Let me quote my previous answer



Procedure of selling BTC is simple as well: You choose the amount of BTC (in dollars, euros etc) you wanna sell ( usually its some round number like $100, $200, $500 etc) and when you chose the amount, QR code of the address where you have to send BTC appears on the screen of ATM. You take your mobile wallet, scan the code and send BTC. When you did that, ATM prints out a piece of paper on with QR code which you will scan on BTC ATM once transaction gets few confirmations (ATM I am usually using asks for 2 confirmations). If I am in a hurry I use higher fee to get it done asap, but usually I just go in a bar and have a beer while waiting for confirmation.

Ahh...ok even 1% may be a lot depending...


You didn't mention, does the ATM actually give you dollar or euro bills? That would be interesting...and maybe the "future" of banking... Actually my mind is kind of blown right now