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Why Bodegas Should Think Twice Before Allowing For Bitcoin Atms

Why Bodegas Should Think Twice Before Allowing For Bitcoin Atms

How businesses could better use repatriated overseas profits What are bitcoin ATMs doing in small bodegas throughout New York City? Its well known that digital currencies like bitcoin can be used for illicit things such as money laundering. That is, it seems to be common knowledge to everyone except the operators of the small grocery stores that are allowing bitcoin, the original digital currency, into their places of business. Bitcoin ATMs look similar to their US dollar cousins and are in fact usually placed right next to them. The way they work is simple: You put cash into them and you either get a paper receipt showing how much bitcoin you own along with a code that you use to retrieve your booty or the transaction is recorded via a wallet app on your smartphone. Some bitcoin ATMs even allow you to withdraw US dollars from your cryptocurrency wallet although most of the Big Apple bitcoin ATMs are one-way streets: They only allow deposits. Unlike a financial transaction at a bank or a regular bank ATM, your bitcoin activity cant be traced, so no one will know how your bitcoin is spent or where it was withdrawn. Sure, some restraints are being put into place, but largely the transaction is between you and the person who gets the bitcoin. And thats exactly what makes some people like this form of currency so much. Large transactions especially international movements of money can escape government regulation. This freedom is also what is making some governments including the one in Washington so nervous. Mark Williams, a finance professor at Boston University, isnt a fan of bitcoin and the other digital currencies. Its another form of a laundromat, Williams told me earlier this week. You come in with a suitcase [full of money) and you come out with a digital represent Continue reading >>

The Bitcoin Machine | Toronto & Southern Ontario Bitcoin Atms

The Bitcoin Machine | Toronto & Southern Ontario Bitcoin Atms

The Bitcoin Machine | Toronto & Southern Ontario Bitcoin ATMs Toronto & Southern Ontario Bitcoin ATMs, buying and selling Bitcoin & Litecoin. Buy Bitcoin,Sell Bitcoin,Buy Litecoin,Sell Litecoin,Bitcoin ATM,Bitcoin Machine,24/7 Bitcoin home,page-template,page-template-full_width,page-template-full_width-php,page,page-id-15309,ajax_fade,page_not_loaded,,no_animation_on_touch,qode-title-hidden,qode-child-theme-ver-1.0.0,qode-theme-ver-10.1.1,wpb-js-composer js-comp-ver-4.11.2,vc_responsive "Thanks again! I have been using your Toronto Bitcoin location for over a year and no issues with the Bitcoin machine. Ive told all my freinds!" "I was looking to sell 2 bitcoin and tried countless machines that were empty or offline. I ended up selling my bitcoin at the Scarborough Daisy Mart location. Got over market value for my coins and instant cash with no wait. I've been back twice since then, best Bitcoin machine around." "After trying 2 other Bitcoin Machines in Mississauga I found your Bitcoin Machine on Hurontario street. With it being open 24/7 it really was a game changer, it is where i buy my coins now. " "When I got stuck and was unsure of how to use your Bitcoin machine, the support team was awesome right down to picking the right Bitcoin wallet. Thanks" The Bitcoin Machine provides the SAFEST, FASTEST, and EASIEST way to buy and sell Bitcoin with cash through our Bitcoin Teller Machines. Our support team is available 24 hours a day 365 days a year to make it easy even for a first time user to buy and sell Bitcoin INSTANTLY with our Bitcoin Teller Machines. Buy Bitcoin in Toronto and surrounding areas instantly and privately with over 20+ locations! We are actively seeking locations for our Bitcoin ATMs in Southern Ontario. If you would like a Bitcoin ATM at your establi Continue reading >>

How To Find A Bitcoin Atm Near You

How To Find A Bitcoin Atm Near You

By: Sudhir Khatwani In: Bitcoin Last Updated: Most of you are aware of the crypto revolution the world is witnessing today. However, few would know that a lot of crypto exchanges around the worldactually shut down temporarily due to the massive surge in demands of cryptocurrencies. We at CoinSutra started getting innumerable queries on alternative methods of buying Bitcoins in times when these exchanges were unavailable. One method, and a very popular one around the globe, is the use of LocalBitcoins . If you dont know about it, I recommend you to read about it and also try using it to buy/sell Bitcoins. Another method, and the one in particular that I want to talk about today, is finding a Bitcoin ATM near you and buying Bitcoins using the ATM. However, the problem with this method is that despite Bitcoin being the most popular cryptocurrency , it is tedious to find a Bitcoin ATM for your purchases.But despite the accessibility issues, it continues to be a great method to buy Bitcoins if you know how to find a Bitcoin ATM near you. A Bitcoin ATM is machine like a normal fiat currency ATM from which you can withdraw Bitcoins. All you need is fiat money such as EUR, GBP or USD (these are the currencies most Bitcoin ATMs accept). A Bitcoin ATM asks you to scan your public address to which the BTC is transferred in exchange for the amount of fiat you deposit into the ATM. In some cases, if you dont have a public address, just select the option ofdont have an addressand the ATM will generate a paper wallet for you (if it supports that feature).Also, you can choose a Bitcoin wallet from our list , and generate a Bitcoin public address. Now that you know about Bitcoin ATMs and how they work, let us talk about how to find a Bitcoin ATM near you. There are several online websi Continue reading >>

Bitcoin Atm Operator Coinsource Gets New York Regulators Green Light With Bitlicense

Bitcoin Atm Operator Coinsource Gets New York Regulators Green Light With Bitlicense

Bitcoin ATM Operator Coinsource Gets New York Regulators Green Light With BitLicense Bitcoin ATM operator Coinsource has been granted a virtual currency license from the New York State Department of Financial Services (NYDFS). New York State Department of Financial Services has granted its 12th virtual currency license to date to Bitcoin ATM operator Coinsource Bitcoin ATM operator Coinsource has been granted a virtual currency license, or BitLicense , from the New York State Department of Financial Services ( NYDFS ), according to a press release published Nov. 1. The regulator has thus given its formal seal of approval for New Yorkers to use cash to buy or sell Bitcoin ( BTC ) using Coinsources Bitcoin Teller Machines (BTMs). The Texas-based operator already deploys 40 such machines across the state in New York City, Westchester and Nassau County and is the first BTM operator to receive a NY virtual currency license. BTMs are touchscreen kiosks that enable customers to deposit cash and either buy Bitcoin with the purchase synching automatically to their mobile wallet or to scan their mobile wallet at the kiosk, sell their crypto, and withdraw cash. NYDFS has clarified that its decision followed upon a comprehensive and scrupulous review of Coinsources application and subjects the firm to significant regulatory conditions. These include implementing robust anti-money-laundering (AML), and counter-terrorism-financing (CFT) measures, as well as risk-based controls to prevent or respond to any potential or actual wrongful use of Bitcoin. The latter is defined (but not limited to) its use for illegal activity or market manipulation, the press release notes. Coinsource CEO Sheffield Clark has said the new license represents an opportunity for all New Yorkers from [the] unb Continue reading >>

Buy Litecoin From An Athena Bitcoin Atm Athena Bitcoin

Buy Litecoin From An Athena Bitcoin Atm Athena Bitcoin

Litecoin is a digital currency, like Bitcoin, that can be used as "digital cash" via the Internet. Launched in 2011, Litecoin is the longest running cryptocurrency around besides Bitcoin. Compared to its bigger brother, Litecoin features faster confirmation times and a lower transaction volume. This means you can send litecoin quicker and for much less cost per transaction. Typical fees are between one to twenty centsUSD!Several online merchants and services, including Backpage.com, accept Litecoin because of these lower fees. Does my Athena Bitcoin Wallet work with Litecoin? At the current time, no. The Athena Bitcoin Walletis Bitcoin-only for now. However, you may use a Litecoin address (beginning with "L") from the website or person you wish to pay directly at the ATM. If you can bring an image of a Litecoin QR code that would be best.Otherwise you may type the Litecoin address in manually. Be careful to type it in exactly as displayed to you. Can I use Litecoin on my phone or computer? Yes! There are third-party wallets and services available to help you store and transact with Litecoin on your phone or desktop computer. We can recommend that you look into the following options, but we cannotguarantee their functionality, security, or suitability for any purpose, nor do we provide technical support for these wallets: Coinomi (Android), LoafWallet (Apple iOS), Jaxx (mobile/desktop), Electrum-LTC (desktop), LiteVault (web-based), Ledger (hardware), Trezor (hardware), and LiteAddress (paper wallets / cold storage). Bitcoin or Litecoin? Which one should I use? Both have valid uses both as a payment form and as a speculative asset. Bitcoin is the most valuable and most widely used cryptocurrency.Ifyou are looking to make smaller payments using a digital currency or are Continue reading >>

Bitcoin Atm United States Find Bitcoin Machine Locations

Bitcoin Atm United States Find Bitcoin Machine Locations

Bitcoin machine gives an easy and fast way to buy and sometimes sell bitcoins for cash. Asking yourself where is bitcoin ATM near me ? Use our map to find closest locations. Among other details provided you can find online prices, bitcoin ATM fees and limits for many bitcoin machines. Don't know how to use a bitcoin ATM? Start with our tutorials: How to use bitcoin ATM for buying bitcoins and How to sell bitcoins for cash using bitcoin ATM . If you decided to run your own bitcoin ATM check how to launch a bitcoin ATM , what are the most important steps and processes to be organized. Continue reading >>

New York Grants First Bitlicense To Bitcoin Atm Company

New York Grants First Bitlicense To Bitcoin Atm Company

New York Grants First BitLicense to Bitcoin ATM Company Bitcoin ATM operator, Coinsource, recently received approval for a digital currency license from the New York Regulator. Bitcoin ATM Firm Receives Virtual Currency License in New York Coinsourse achieved a milestone today, as it became the first Bitcoin ATM operator to receive a digital currency license from the Department of Financial Services (DFS). According to a press release by the Department of Financial Services, on Thursday (November 1, 2018), Maria T. Vullo, Financial Services Superintendent, stated that the New York State DFS approved Coinsources application for a digital currency license. This approval comes after a thorough review of the companys application. It is also subject to regulatory conditions which aim at protecting New York investors and follows strict conditions. Coinsource is a US-based Bitcoin ATM company which uses touchscreen ATMs that enable customers to use fiat to purchase BTC or sell their BTC to get cash. Customers willing to do the former can store their bitcoins on mobile wallet, while the latter can be done by scanning the mobile wallet at an ATM kiosk. The company currently has forty BTC ATM kiosks in New York. Commenting on the approval, Maria T. Vullo said: Todays approval is a further step in implementing strong regulatory safeguards and effective risk-based controls while encouraging the responsible growth of financial innovation. New Yorks financial services marketplace is thriving with companies committed to complying with DFSs regulations that ensure the security of transactions, safeguard the industry and protect consumers. Furthermore, Sheffield Clark, CEO of Coinsource, stated that the company is the first and only Bitcoin ATM company to get a digital currency license Continue reading >>

Coinflip Bitcoin Atms

Coinflip Bitcoin Atms

The nation's premier cryptocurrency ATMs. With the best rates, why go anywhere else? We strive to provide the best cash to crypto experience possible. Our next-generation terminals have never made purchasing and selling cryptocurrencyeasier. Skip the long onboarding times of traditional exchanges and join the revolution. It's never too late. Our ATMs are sleek, fast, and extremely intuitive. We've also upgraded many our bill validators to accept cash quicker than ever before. That means less time waiting at our ATMs and more time being a part of the future of money. Not only do we support bitcoin, but we also offer litecoin and ethereum at all of our terminals. You can even cash out your LTC at our two-way models. With plenty of bitcoin ATMs popping up, you may wonder why you should choose CoinFlip for your crypto needs. Well, to get started, we've got... At 6.9% over spot for buys, and 3.5% under for sells, our rates are some of the lowest in the nation. Continue reading >>

General Bytes | Bitcoin And Cryptocurrency Atms

General Bytes | Bitcoin And Cryptocurrency Atms

Attractive product pricing for a faster return on investment allowing your company to scale faster. Attractive product pricing for a faster return on investment allowing your company to scale faster. No more waiting for 1+ years to recoup your initial investment. Our attractive product pricing allows you to get your investment back in less than half a year allowing you to grow your business by ordering another machine. ATM operators need 24/7 availability for uninterrupted service and low maintenance costs. Downtime costs money, our ATM's have the highest availability in the industry. Our software is classified by our customers as 'most stable' when compared to competing products. Over 99% of configuration tasks can be done from remote, saving operators on service visits. Our support doesn't end with the sale of the machine. We are here to help. Our dedicated professional support staff is ready to help you via email, phone or skype call. Need help or training configuring your machine? We are happy to assist you using TeamViewer. The majority of feature ideas and improvements come from our ATM operators and we are happy to implement them. The Leading, most innovating bitcoin and cryptocurrency hardware manufacturer since 2013. We were the first to introduce sending bitcoins via e-mail from the ATM, offer fingerprint authentication for strict KYC/AML, implement support for alternative blockchains and issue NFC wallet cards directly from the ATM! Did you know that we distribute and release new features twice a month? Continue reading >>

Buy & Sell Bitcoin At Bitcoin Atms | Coin Cloud

Buy & Sell Bitcoin At Bitcoin Atms | Coin Cloud

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made through a decentralized computer network meaning, no banks! What do I need to purchase Bitcoin from one of your Bitcoin ATMs? All that is needed to purchase bitcoin from a Coin Cloud Bitcoin ATM is a bitcoin wallet, ID, cash, and mobile phone. To get an approved account before you go to an Bitcoin ATM visit app.bitaccess.co. Bitcoins are stored in a wallet, which typically exists either in the cloud or on a users computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets. Much like holding cash in your leather wallet. If you need a wallet get the Coin Cloud Bitcoin Wallet in the app stores. No, it is likely a scam. The privacy advantages that come along with cryptocurrencies, scammers will use try to trick people into sending money. Global hackers can be difficult to identify someone solely from the wallet address they provided you to send funds to. When sending funds to anyone, always use your best judgment and never forget that if something sounds too good to be true, it often is. If you wouldnt feel comfortable sending an envelope of cash to a complete strangers P.O. Box, do NOT send Bitcoin or any other cryptocurrency to them either. Once a you send cryptocurrency, you cannot stop, cancel, or reverse the transaction. Coin Cloud policy forbids the sending of bitcoin to a third party. Some signs of a potential scammer include, but are not limited to: Continue reading >>

Bitcoin Atm Map How To Find And Use Bitcoin Atms

Bitcoin Atm Map How To Find And Use Bitcoin Atms

Bitcoin ATM Map How to Find and Use Bitcoin ATMs A Bitcoin ATM lets you buy bitcoin with cash. Similar to the way you insert a debit card into a traditional ATM and get cash, a Bitcoin ATM accepts cash and spits out bitcoins. Some Bitcoin ATMs also work the opposite way: you can send bitcoins to the machine and receive cash. Another tool many people like to buy is a Bitcoin debit card which enables people to load a debit card with funds via bitcoins. This is how you can spend the free bitcoins you get! Bitcoin ATMs offer a number of advantages over other methods of purchasing bitcoins. At most ATMs, no personal information is required. All thats needed is a Bitcoin wallet or address and cash. Compare this to Bitcoin exchanges, which must comply with KYC and AML laws and require personal details and pictures of your ID. Bitcoin ATMs also make the buying process easy for first-time buyers. Most people are familiar with cash and traditional ATMs. Inserting cash into a machine and getting bitcoins in a few seconds is a very simple process. If youre lucky enough to have a Bitcoin ATM in your area, it can also be a very convenient way to buy. Cons of Using a Bitcoin ATM to Buy Bitcoin The average Bitcoin ATM charges a 5-10% fee per purchase. The large markup is simply the price buyers are willing to pay for an easy way to buy bitcoins privately. Bitcoin ATM Map - How to Find a Local ATM Finding Bitcoin ATM locations is easy, thanks to Coin ATM Radar , a Bitcoin ATM map. You can enter your location and get a list of ATMs in your area. Once you find an ATM, click on the map marker icon for more details. Youll be able to find more information about the ATMs fees, hours, and location. Buying bitcoins from a Bitcoin ATM is really simple and takes under a minute. All thats needed Continue reading >>

Litecoin Atms Proliferate Globally

Litecoin Atms Proliferate Globally

The number of litecoin ATMs more than doubled during June, making Litecoin the clear market leader in altcoin-supporting cryptocurrency banking terminals. In recent months, bitcoin ATM operators have installed Litecoin-compatible terminals in the United States, Canada, and the United Kingdom. Also Read: Austria, Canada, and US See Growth in Number of Bitcoin ATMs The Number of Cryptocurrency ATMs Supporting Litecoin Worldwide Is Reported to Have More Than Doubled Last Month Reports have indicated a strong recent rise in the number of litecoin ATMs globally. According to coinatmradars report , there over 50 cryptocurrency ATM terminals that received installatation of litecoin integration last month. The number of cryptocurrency ATMs supporting litecoin worldwide is reported to have more than doubled last month. According to coinatmradar, the total number of litecoin atms is now 91 units comprising more than 90% of the terminals that support a cryptocurrency other than bitcoin. According to the next most supported altcoin is ethereum with 13 terminals supporting ETH, followed by Dash with 7 terminals, and Dogecoin with 5. The majority of litecoin ATMs are situated in the United States. In recent months, Bitcoin of America added LTC capabilities to 19 cryptocurrency ATMs, Rockitcoin added litecoin to all 40 of the companys atm terminals, and Athena Bitcoin added LTC transaction support to 10 machines. At present, the US markets account for more than half of the worlds litecoin integrated cryptocurrency ATMs. The Dramatic Rise in Litecoin ATMs Has Seen Terminals Installed in Several Countries Localcoinatm announced last month that they had successfully added litecoin support to 6 bitcoin atm terminals in Canada. The integrations have made the company the first to offer lit Continue reading >>

Bitcoin Atm Map Find Bitcoin Atm, Online Rates

Bitcoin Atm Map Find Bitcoin Atm, Online Rates

Bitcoin machine gives an easy and fast way to buy and sometimes sell bitcoins for cash. Asking yourself where is bitcoin ATM near me ? Use our map to find closest locations. Among other details provided you can find online prices, bitcoin ATM fees and limits for many bitcoin machines. Don't know how to use a bitcoin ATM? Start with our tutorials: How to use bitcoin ATM for buying bitcoins and How to sell bitcoins for cash using bitcoin ATM . If you decided to run your own bitcoin ATM check how to launch a bitcoin ATM , what are the most important steps and processes to be organized. Continue reading >>

Coinsource Receives Bitlicense To Operate Bitcoin Atms In New York

Coinsource Receives Bitlicense To Operate Bitcoin Atms In New York

Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS). Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.S. alone. CEO of Coinsource Sheffield Clark called the announcement a landmark day for Coinsource" and an "important win for New Yorkers" in a statement. In an interview with Bitcoin Magazine, Clark noted that he sees the "license as validation of not only our tireless efforts to offer Americans easy, convenient access to an evolving global financial system, but also progress in the acceptance and legitimization of bitcoin as a valuable currency." The virtual currency license from the NYDFS will allow Coinsource to conduct business with customers and companies based in the state. Additionally, New York-based businesses will also be able to use Coinsource's ATM kiosks to buy and sell bitcoins instantly. Formulated in 2015 , BitLicense approvals have been among the most difficult credentials to procure for virtual currency businesses seeking to operate in New York. The set of rules was developed by the New York Department of Financial Services to govern digital currency businesses operating in the state. CoinSource becomes the first Bitcoin ATM operator and the 12th company overall to receive a BitLicense from the New York regulator, joining other crypto-related businesses such as Genesis, Square, Coinbase , bitFlyer , Circle and others. Before receiving its BitLicense, Coinsource had operated under a special DFS provisional license in the state. According to Clark, the license took over thr Continue reading >>

Bitcoin Atms | Buy & Sell Bitcoin, Litecoin, Ethereum Chicago, Atlanta, Los Angeles, Miami

Bitcoin Atms | Buy & Sell Bitcoin, Litecoin, Ethereum Chicago, Atlanta, Los Angeles, Miami

Want to buy Bitcoin? Find our ATM locations. Buy and sell Bitcoin using cash instantly Get hands on help from an experienced trader when you trade Bitcoin over the counter with RockItCoin. Most of our OTC trades are settled the same day. Get started with trades $25,000+ today! Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins arent printed, like dollars or euros theyre produced by people, and increasingly businesses, running computers... Read the RockItCoin FAQs for tips, advice, and thing to look out for. Learn more about Bitcoin in our comprehensive knowledge base, or submit a ticket if there's something we didn't cover Apaper walletcan be printed at aRockItCoin Bitcoin ATM byselecting create a new wallet as an alternative to scanning the QR code from your digital wallet to the ATM. Be careful with the paper wallet since it holds all the funds sent to that Litecoin address.Litecoin transactions are irreversible so if a paper wallet is lost, Read More When visiting a RockItCoin Bitcoin ATM to buy Bitcoin follow these steps:Note: Is always best to have a bitcoin wallet set up before you visit the ATM. Click here to download the free RockItCoin Bitcoin wallet for iPhone or Android. Step 1 Press Buy Bitcoin and select the amount from the transaction tiers Step Read More NOTE: We recommend setting the mining fee in your wallets setting to the HIGHEST PRIORITY. This will help a lot in making sure your transaction confirms quickly so you get your cash and go! When visiting a RockItCoin Bitcoin ATM to sell Bitcoin follow these steps: Step 1 Press Withdraw Cash and select the Read More A paper wallet can be printed at a RockItCoin Bitcoin ATM byselecting create a new wallet as an alternative to scanning the QR code from your Continue reading >>

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