Despite the high numbers, the room for growth is still huge. The reality is that Bitcoin ATMs are still sparse all over the world. Since their existence is only concentrated in a few countries, it's still possible that the number would even double in several years.

However, the convenience offered by Bitcoin ATMs could be easily matched by the convenience offered by online platforms. Aside from high fees, there's the strict KYC that most Bitcoin ATMs are implementing.

That might not actually be the case. It cost a lot of money to install a bitcoin ATM machine. So a dip in bitcoin price won't make people remove bitcoin machine. Bitcoin transactions are always ongoing wether there is a dip or not. So I don't think the dip will make people remove bitcoin machines. Government regulations/clampdown on bitcoin ATM machines could be one of the major reasons why those machines were removed or possibly low interest from bitcoin users could also be a reason for it's removal. People who installed it in the first place knew that bitcoin is not a stable coin, so a dip in bitcoin price couldn't have led to the removal of those machines.

The Bitcoin ATMs are still scarce in the Indian subcontinent and I am not so sure they will anytime soon unless the rest of the world goes way ahead of them and their shitty politicians educate themselves about bitcoin.

Definitely it is good seeing the high numbers but we should aim for even higher and continue the development. I dont know if any of the forum users here run some local businesses and if they are, they should attempt to get a Bitcoin ATM installed if feasible and profitable, of course keeping local legal issues in mind and the local buzz on bitcoin.

For those who might want to install one in your location - https://coinatmradar.com/submit-host/

This is the dilemma of exploring this business - setting-up bitcoin ATM and how can you attract users to utilize this service when they can conveniently use online sites to convert their crypto and transfer it to their bank accounts? This is why some of these users who have tried to use btc ATM was only for the experience and not for regular use. The fact that they said the fees are quite high or the conversion rate is not competitive with online trading platforms, these users will surely go back to using online services rather than go to a btc ATM.


Aside from complying legal aspects of this business, they should look into these following aspects in order for them to attract local patrons to use it regularly -
> keep tab of the fees as compared to your local online crypto-exchange, it should at least not very far from your rates
> can easily see user-friendly instructions how to use the ATM, make it simple and straightforward; sometimes people are hesitant to use a new gadget because of ignorance how to use it
> contact details for technical support should be seen on the ATM itself; with this visible, people have the assurance that they can call someone for help in case of trouble using the machine

Do people actually need to use Bitcoin ATM if they can use exchanges to sell their bitcoin to stable coin or fiat currency, and withdraw it at bank offices or at bank ATMs?

This practice needs some middle steps but it can help people to save expensive fees when using Bitcoin ATMs for direct cashing out. I believe that Bitcoin ATMs can be very last options and people only choose it as last option if they can not do it in other ways to save more fees.

Bitcoin ATM manufacturers and operators must work harder to reduce their service fees if they want people to use Bitcoin ATM more frequently. In the end, revenue can come and can be good too if more people use a service, expensive fee is not good for adoption and service income or profit.

Their fees are too high to really use them for something other than money loundering imo
But fo this purpose they look promising

Yea, even though we see it as good news, I think that their should be a kind of modifications that will help in reducing this charges in future because it will be very difficult to convince an individual who has interest in Bitcoin to transact with it when the charges are too high, this sounds like a discouragement to me and I think something should be done, old folks in the business may understand this concepts but newbies will see it as loophole to discontinued with the process, although these are individual decisions, I somuch believe that this fees may be used for government taxes and network stuff but the whole thing should be done to favor everyone, as for the the increased number of Bitcoin ATM, it is a welcomed development and I hope it gets the needed modifications to attracts more individual usage.