ATM

Top-Dragonfruit-8199

Nice CoinFlip is a top BTC ATM. Yes their fees are high but no KYC so that’s a trade off

old_graybush

Isn't he getting looked at for pump and dumps ATM?

BrianS911

It seems as if we bottomed out, don't see anything else too put us lower ATM. It'll be interesting to see how much got sold off today

Herosinahalfshell12

It's not a cringe. I want to see adoption as much as anyone. But just enabling the technology is not adoption. The BTC ATM example is a good one. You can have a million of them everywhere (just like a million companies "accepting" Bitcoin) but if no one uses it means fuck all. I mean it's a move in the right direction sure.

Herosinahalfshell12

Nope. Just like a dusty old BTC ATM sitting in the corner of a shop that's never used

BrianS911

Watch the support at 26.5, this should be a decent floor if I'm not mistaken.Not a dump mentioning really.Time too play the next hand, I'm still all in on Oasis has held up well,a few other Alts are holding up as well.We will see how the charts look when Wall st opens up.Diesnt mean too much but we are still pretty correlated too Tech stocks ATM.Play your hand and remember, sometimes it's a pain in the ass to hold but when you sell it at a loss somebody's just buying your coins at a cheaper rate which gives you a worse entry point than them.

pizzaslut4pizzahut

I remembewr when I bought at ATM of 4.80c. Scared out of my pants thinking it would go to 0 the next week

Ofulinac

To be honest Bitcoin ATM's are not too necessary with their high upkeep costs and exaggerated fees. Its quite easy to buy and sell crypto from your phone in a faster and cheaper way than using an ATM

StonedRex

I found a Bitcoin ATM in the local small grocery store here and got really surprised.

CartographerWorth649

I don't use crypto on a daily basis, but I starting to have more stuff I can pay with it. This year I paid my gym fees with crypto. Regarding the BTC ATM, I don't see them as a good way to on/off ramp crypto/fiat as the fees are really off putting. Not directly, but the Binance or CryptoCom cards are pretty decent (still a bit high fees) way to swap crypto to fiat and use it to buy stuff "on the spot". I am keen on the news around the Dafi upcoming hybrid exchnage and its on/off ramp solutions. I'd love to see a proper credit/debit card or a dApp which would allow crypto to be added to the big payment solutions available everywhere, without the need of developing a whole new payment system.

don0lafo

There’s about 15.000 people living there.. More bitcoin ATM’s than in my country.

PheelGoodInc

The sign literally says ATM on it.

lol_no_123

I just looked them up on Google maps and it's still very unclear. It's at the corner of Melrose and Vista if anyone else wants to check it out. There's an ATM inside but it's just a regular ATM not a Bitcoin ATM. None of the reviews mention paying in Bitcoin and their website doesn't state anything about them accepting it or selling it. No clue why the sign is there. Maybe it's just for general promotion of BTC and the sign has nothing to do with the business itself, kinda like the mural on the side of the building?

Redbag10

This wasn’t the OS’s fault. You have to give access to the malware. So that’s like blaming an ATM machine for being insecure after giving a their your bank card and the password.

Herosinahalfshell12

I don't think just having a facility available is mass adoption. Just like having a Bitcoin ATM sitting in the corner of a store that no one uses.

readallornothing

So don't all casinos use their own chips/"coins"? Sure you can put cash into a slot machine but no matter what you have to go back to that casino to cash out. Basically all they need is a crypto conversion ATM near the other ATMs and the concept of using crypto at a real life casino is solidified.

Master-Cicada1480

During the timeframe, while major economies including the United States and Europe contributed to the dwindling numbers, Australia, Poland and Spain amped up crypto ATM installations in their respective regions.

coinfeeds-bot

tldr; May 2023 saw a steep increase in net installations of Bitcoin and crypto ATMs across the globe, breaking the year-long trend of declining numbers. Nearly 1,400 machines were added back to the global crypto ATM network, with Australia, Poland, and Spain leading the way in installations. While Bitcoin ATMs do not contribute to the growth of the Bitcoin network, they serve as a physical gateway for people to exchange their fiat currencies for crypto. Despite a poor year-long reduction, the United States maintains a leading position, representing 84.7% of crypto ATMs in the world, followed by Canada at 7.6%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Matth3w_95

I saw some videos about these ATM. They seem easy to use but they are really slow, it can take even 30 minutes if you want to withdraw cash sending BTC. Also, fees are crazy.

realrobotsarecool

Yes, I don’t even remember what the PIN to my oldest ATM card is. I doubt I would have hodled 2 years without losing my keys.

BrocoliAssassin

Yea I've heard that so many times, it's such a dumb argument. What is everyone going to do in a worldwide blackout? Go to the ATM? Get gas? Food? Meds? AC or heat? Good luck if you live in a big city. Better hope you are in a nice spot where you can farm or grow food.

WocketMan0351

Do you not normally see bitcoin ATM’s where you live? They’re everywhere around where I live in the US.

forgotmypassword4714

Yeah I would never use an Bitcoin ATM of any kind but it's nice to see. People who are using the machine for other purposes (exchanging change) will be introduced to/reminded of Bitcoin.

Prestigious-Egg-5004

Same here. I have a good job that I love and a stable and comfortable life. Just not so much money to spare ATM because of the economy but it will get better. I love coming here and interacting with people that are in the space for whatever their reasons are.

Pitiful-Scar-2246

I have no use for crypto yet other than trading, but when I travel I might use crypto for payments so I don't have to pay expensive ATM fees.

SingleManVibes76

A BTC ATM on the moon.

DavLithium

Probably hoped the ATM had some cash inside

Electrical_Potato_21

>Even if there was no cash inside, selling the ATM on the secondary market could have fetched the group anywhere between $2,000 and $10,000 dollars, depending on the brand and model. I had no idea. I'd imagine it being incredibly hard to flip the machines though, unless you already have an established contact.

coinfeeds-bot

tldr; A group of criminals attempted to steal a Bitcoin ATM in Texas using a stolen pickup truck, causing $10,000 worth of damage. The group crashed the truck into a smoke shop in Houston and stole various tools from the truck's owner, but were unable to steal the ATM. Seven people have been arrested in connection with the incident. Bitcoin ATMs are often targeted by thieves for the cash they hold, and are also the target of online hackers looking to steal the crypto being exchanged. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

teddy_swits

For everyone here making jokes about physical BTC: “To use a Bitcoin ATM, customers can insert CASH or a debit card to exchange their traditional currency for Bitcoin currency”

jorneyp

The ignorance… wow. What? They thought that ATM was full of gold BTC coins or something.

StockTrix

a bank's anus is the ATM.

Wendals87

The ATM'S are alarmed and monitored. The moment you open it, it wouldnt allow you to continue using it as they will disable it

3utt5lut

Think about it though? Drug dealers deposit all their cash in ATM to buy BTC. They come back and steal the ATM to get all the cash! Double the money!!

EatAPeach2020

Oh...the Bitcoin are IN the ATM! -Zoolander

FarookWu

An excellent and informative post, obviously took some time to layout and create. It is a good thing. My understanding has increased. One way that my understanding has increased is that, with gas fees and gwei and "speed up", and, in general, the cost of doing things with Eth, this ain't ready for prime time. People want to buy what they want or need, without doing mental calculations, wondering why buying that zucchini failed, or not having to take a series of complex steps to do something that should be: simple, and cheap. Imagine going to the fiat ATM, and paying $15 extra to withdraw $35? Imagine transferring USD from one account to another, but discovering you need to a small amount of Euros to do it? Crypto tech has so much promise, but so so far to go.

NaturalTangerine399

Since they certain presently have access to the system with vertical ramping authority all the thieves seek is an ATM.

NaturalTangerine399

The only thing the criminals want is an ATM because they most likely currently have elevation scaling permission to the system.

KingThermos

Going to bet that anyone who gets caught stealing a bitcoin ATM doesn't have the smarts for defi hacking.

Status_Floor1746

While these things are worth money stealing them is a super high-risk low-reward move. Yes hackers love them but I don't think the muscle is exactly a hacker and it would pay off a heck of a lot better to ya know steal an ATM with cash....

Nuewim

Majority of ATM use card cause they have heavy KYC, only minority let you use cash

TerraceTower

ATMs have hardware keys that can be used as backdoors into ATM networks. The hackers probably already have access to the network through privilege escalation and just the an ATM.

kirtash93

If you have the ATM and open the fiat box, you can buy infinite BTC using that money right? Asking for a friend 👀

middlemangv

"Bitcoin ATMs are a way to get immediate access to cash using your bitcoins. Bitcoin ATMs do not operate like traditional ATMs. In order to make a cash withdrawal and sell your Bitcoin from the ATM, the machine provides a QR code to which you send your Bitcoin." How people think this works? Of course there is cash inside. People are "selling" their BTC at ATMs for quick cash.

TerraceTower

For those who commented without reading the article: > Even if there was no cash inside, **selling the ATM on the secondary market could have fetched the group anywhere between $2,000 and $10,000 dollars**, depending on the brand and model. Bitcoin ATMs are also the target of online **hackers** looking to steal the crypto being exchanged.

middlemangv

This was already in the news. Though I don't understand why are people thinking that there is no cash aka fiat in Bitcoin ATM. How do you think people are converting your BTC to fiat on BTC ATMs then?

jorneyp

The Ignorance. Stealing an ATM in hopes to steal bitcoin. That tells you we are still early

mr_ordinaryboy

How to steal from BTC ATM though? You cant just break it and take the money out😭

coinfeeds-bot

tldr; Changpeng "CZ" Zhao, the CEO of Binance, has predicted that China could trigger the next bitcoin price bull run after China Central Television broadcasted a segment featuring a bitcoin ATM in Hong Kong. Historically, such coverage has led to bull runs. China has had a fraught relationship with bitcoin, ethereum, and other cryptocurrencies over the years, repeatedly cracking down on it. However, a new paper published by the Beijing government tech committee touts the possibilities of web3 technology, which could replace the Silicon Valley-centric web 2.0. Hong Kong has also adopted a new crypto licensing regime that will allow the trading of established cryptocurrencies such as bitcoin and ethereum from June 1. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Wendals87

from what I understand, they are are alarmed and monitored like a bank ATM. You won't be able to use it if you've stolen it

Wendals87

nope. It acts like a regular ATM in the sense that it takes the money and you can't continually use the same note Either they were dumb and thought they could steal bitcoin, or they were not that dumb and realised it would have cash in there (I'm guessing the latter)

Funnellboi

Idiots. Who would be so stupid to do this? In another completely unrelated story I have a large metal machine for sale, similar to an ATM but doesn’t hold money. No time wasters please

SkuniMasterMind

Rofl yea, and Cryto "ATM's" always seemed more clunky then regular ATM's lol

ZyriaNova

"Oh man... I wanted bitcoins, not this stupid cash! I hate this ATM!!!" - robbers probably.

ThatInternetGuy

Bitcoin ATMs have dollars inside, and if they are hackers, they could scoop up the system endpoints and may be able to hack thee hot wallet out there via the API endpoints and the auth credentials stored on the ATM machine.

_Commando_

If the machine accepts cash, can't you just slide a $ bill and then side that same $ bill again endlessly increasing your purchase amount??? Maybe that's what they were trying to do... UNTIL the ATM provider finds that machine IP and ban's it from their network so they can't abuse it... Just a thought...

Lillica_Golden_SHIB

Robber 1: See? I told you there are no BTC in a BTC ATM. Robber 2: Yeah dude, my bad. I'm happy we learned something new today. Let's get some Wendy's.

Unleashyourstand

Were they really professional if they thought they would find Bitcoins inside the ATM? Inquiring minds want to know!

Hawke64

Are you trying to say that ATM machines have USD dollars in them!?

Wonzky

A regular ATM probably would've had more cash, don't think BTC ATMs are used all that much

dzham

PSA: The Sunette towers' Bitcoin ATM opened up in 2015, by Vancouver-based, but Pinoy-run, Bitcoiniacs, who also opened the worlds \*first\* Bitcoin ATM, in Vancouver.

Odysseus_Lannister

*slams BTC ATM*

Kodeshii

How do they know the robbers where disappointed? Did they return the ATM and be like - man this ATM sucks, here

middlemangv

ATM has cash inside..

Onnimation

For sure, DOGE is Elons personal ATM

show_me_sauces

There was a rash of ATM thieves during covid near where I lived at the time. It became pretty well known that these people are dumb for even trying because those things are incredibly difficult to break into. This lead to someone using explosives to open one and accidentally killing themselves instead. Fun times.

yester_philippines

If your debit/ credit card got stolen / swollen by ATM, our vacation is over With crypto payments you won’t have these issues

WannaBeBuzzed

Theres at least one bitcoin ATM in Makati. Ive used it several times. Its located inside Sunette towers. Last i knew it only did fiat to btc and LTC, not btc or ltc to fiat. Also in boracay the e-trikes accept btc payment.

ersleid

To be fair, it's more "awareness" than "adoption". Leading e-wallet/digital payment service providers are beginning to support crypto (GCash and PayMaya), while another known provider (Coinsph) has its main schtick being crypto, by supporting lots of coins and even having their own exchange. A popular bank (Unionbank) proudly advertises themselves as crypto-friendly and a pioneer in the trad fi space. But their crypto support is limited to being able to trade (buy and sell) into fiat. That's it. Crypto is advertised as a vehicle to invest and earn money from its volatility. The political climate here isn't as hostile to crypto as say, the US. And given how popular services are open to crypto, the average person is probable to be aware of crypto. But compare this to other countries where there are bitcoin ATMs, actual establishments accepting crypto as payment (the more mundane the better, like fastfood chains or grocery stores). I have never seen a BTC ATM here, nor any *local* establishment that accepts crypto. Source: Am also in the Philippines

rainbowchaser20

The suspects attempted to make off with the Bitcoin ATM, but luckily the Houston Police Department is working quickly to investigate the crime and apprehend the perpetrators.

ARoundForEveryone

Probably not, because in a normal ATM, cash is also being taken out. Here, cash just goes in and a receipt comes out. And normal cash ATMs are serviced frequently. Anywhere from daily to weekly. I don't imagine that a Bitcoin ATM is at the point yet where someone's gotta come empty this thing daily.

OG_Dookie

They carry cash though, depending on what type of ATM.

OG_Dookie

Or sell Bitcoin for cash. We have an ATM about 2 hours away, it was my first time cashing out BTC, I only took 20$ fee was around 2$. The guy who owned the shop said to never expect money in the machine as it gets "checked once every 3 months" and it only holds 2k in bank notes. He found out the day it was installed because some asshat thought he was going to withdraw 30k and the machine said hell no.

EdgeLord19941

Everyone here laughing at them forgets that there is actual paper money inside the ATM from deposits

forceworks

“I am not a smart man” - BTC ATM thief

Odlavso

no they thought that it had cash in it which it did because that's how these ATM's work, you deposit cash to send out bitcoin

Odlavso

bitcoin ATM's have cash in them. you deposit cash and send out bitcoin

coinfeeds-bot

tldr; Seven suspects were arrested after they crashed a stolen truck into a smoke shop in southwest Houston in an attempt to steal a Bitcoin ATM, according to police. The group used a stolen truck to crash into Smokie's Smoke Shop, causing heavy damage and stealing several items. The shop owner estimates the total in damages and losses is around $10,000. The suspects were detained and arrested at the scene, and no injuries were reported. The smoke shop will likely be closed for the next several days as the cleanup process continues. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Florian995

How many Bitcoin were in the ATM? Zero or zero? 😂

stuloch

Either they thought it was a normal ATM or those thieves are dumb af

laulau9025

LMAO they were shocked to find no coins in the ATM 😅

flatpak2021_08_2021

it currently takes over 1 hour to buy/sell the popular trading pairs (BANK/SNEK) on the #1 DEX (Minswap) and the entire Minswap exchange has less than $10 million volume ATM

m2guru

There’s definitely cash in them. I sold some BTC, sent it to the ATM, and it spit out a stack of hundreds about 10 minutes later.

EggSandwich1

I’m just guessing but would a normal ATM not have more cash?

Onnimation

Imagine paying $50 ATM fees.

FruitBeef

Why would anyone do that to a bitcoin ATM? I thought everyone loved Bitcoin ATM's since they literally just give you bitcoins, and you don't even put money in it! Before anyone says debit/credit - these ATM's already charge at least 10% comission, and isn't the point of the ATM's to remain relatively anonymous? If you have a card you can buy at home and not have 10% of your money stolen.

Own-Train-9110

Yes, they do. But I guess robbing a regular ATM just doesn't have the same thrill anymore.

Halfhand84

The employees don't have the key, only the ATM owner.