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Two Way Bitcoin Atm

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 >>

Genesis Bitcoin Atm Autonomous Cryptocurrency Vending Solutions?

Genesis Bitcoin Atm Autonomous Cryptocurrency Vending Solutions?

The Genesis Bitcoin ATM is a two-way ATM that lets you buy or sell bitcoins from a physical location. Find out everything you need to know about the Genesis Bitcoin ATM today in our review. The Genesis Bitcoin ATM is a series of two different ATMs, including the companys flagship Genesis1 (a two way ATM), and their Satoshi1 (a one or two way ATM). The Satoshi1 is priced at $6,800, while the Genesis1 is priced at $14,500 (including shipping costs to the United States). Overall, Genesis claims to be the premier provider of autonomous vending solutions for the digital asset space. The companys official BitcoinATM.com website describes how their machines make cryptocurrency simple for everyone with no math degree required. All Genesis Bitcoin ATMs can be whitelabeled. Companies buy these ATMs, then place them in their business as a way to attract customers. According to data from CoinATMRadar.com, Genesis bitcoin ATMs can be found in liquor stores, firearms stores, gas stations, and dollar stores across the United States. The bitcoin ATMs are designed to comply with all Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Customers can also add features like an optional fingerprint scanner, SMS verification, identification card reader, and an HD camera to help further abide by regulations. Interestingly, the Genesis bitcoin ATMs support three different cryptocurrencies, including bitcoin , Litecoin , and dogecoin. Typically, ATMs only support one currency. The bill capacity of the Genesis1 bitcoin ATM is 2,200 notes (bill acceptor) or 1700 to 6800 notes (bill dispenser). Both are bank-grade systems. Both bitcoin ATMs charge a fee of 1% of all transactions. The Genesis1 is the companys flagship bitcoin ATM. Here are some of the core features: Priced at $6,800 Continue reading >>

2,900 Two-way Bitcoin Atms Set To Launch In Australia

2,900 Two-way Bitcoin Atms Set To Launch In Australia

2,900 Two-Way Bitcoin ATMs Set to Launch in Australia Join our community of 10 000 traders on Hacked.com for just $39 per month. A partnership between two FinTech firms could soon see a large-scale rollout of two-way Bitcoin ATMs in Australia. A new joint-venture between blockchain ASX-listed blockchain startup DigitalX and ATM developer Stargroup will see some 2,900 existing ATMs software tweaked and updated to support users to buy and sell bitcoin using the machines. An accompanying press release reveals that Stargroup has deployed 500 ATMs in Australia, with a further 2,400 ATMs through its subsidiary, StarLink. A notable excerpt from the announcement reads: The joint venture agreement is for the entire global network of Stargroup ATMs, with the initial roadmap to focus on Australia. Data from CoinATMRadar reveals 16 bitcoin ATMs currently operating in Australia, with a majority of them located in Melbourne, Sydney and Perth. When the newly-announced retrofit is complete, Australia could have nearly 3,000 ATMs that support bitcoin transactions. DigitalX, formerly Digital CC before a rebrand in late 2015 , sees the growth in interest and adoption of bitcoin in Australia to have reached a level where a large-scale ATM roll-out provides a commercial opportunity. Earlier in June, the Australian Securities Exchange (ASX) announced its first-ever bitcoin investment when DigitalX secured AUD$4.35 million in bitcoin from Melbourne-based Blocckhain Global Limited (BGL) in exchange for a 40% stake. Australia put an end to the double taxation of digital currencies including bitcoin in this years federal budget amid a marked uptick in bitcoin usage in the country. Earlier in May, an Australian bitcoin startup that enables users to make bill payments with the cryptocurrency anno Continue reading >>

Bitcoin Atm Investment

Bitcoin Atm Investment

If you think about starting your own BTM business, what are the most important aspects you have to note? As long as Bitcoin is gaining popularity, the business spheres related to cryptocurrency are becoming increasingly requested as well. We can observe this trend all over the world, especially in the USA. According to the information from the site www.coinatmradar.com most of the bitcoin ATMs installed are concentrated in North America - 74.13%. The second region in terms of the bitcoin ATMs number is Europe - 21.39%. Top-3 countries are the USA, Canada and Austria. In November, 2017 compared to the statistics of November, 2016, the amount of bitcoin ATMs has doubled. Thus, we can conclude that terminals business is developing very fast. The process of purchasing is not complicated, you can check the stages here . But prior to make a decision whether to enter the bitcoin ATM industry, we strongly recommend you to review the essential points that we highlighted below. Business Plan. It is hard to imagine a successful business without this document. Preparation of business plan will help you to identify your goals and evaluate your perspectives based on the resources you possess. Absence of cost and revenue planning is one of the most often reasons for business failures. Compliance with regulations. This aspect is extremely important because requirements vary significantly depending on the location, for example, some jurisdictions may require ATM businesses to get a license. Also, you must register as a money services business (MSB), create your Know your customer/Anti-money laundering (KYC/AML) compliance, get special licenses, etc. If you are in the USA, for these purposes you can check a very helpful website with the online tracker of bitcoin regulation state by stat Continue reading >>

Rockitcoin Homepage

Rockitcoin Homepage

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 all around the world, using software that solves mathematical problems. Visit one of our Chicago Bitcoin ATM locations to instantly buy and sell Bitcoin with cash. How to Buy Bitcoin: Satoshi & Genesis ATMs Enter mobile phone number to receive SMS code, enter SMS code into machine Enter VALID address if prompted for ID or address from machine Scan QR code to wallet to recieve Bitcoin Recieve code from machine on paper receipt Redeem code for cash when the blockchain approves the transaction Bitcoin acepted here (and thousands of other places, too). Click to learn about the digital currency. 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 all around the world, using software that solves mathematical problems. Visit one of our Chicago Bitcoin ATM locations to instantly buy and sell Bitcoin with cash. Chicago, Illinois now has 24 Bitcoin ATMs thanks to RockItCoin, a new company that decided to install four new BTMs in the area and they will be adding more in the near future... Frequent users can sign up for alerts & discounts from RockitCoin! Be informed of new locations, promotions and RockitCoin partners. Earn discounted rates for being a loyal customer of RockitCoin ATMs. Read the RockitCoint FAQs for tips, advice,a nd 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. Continue reading >>

Bitcoin Atm - Wikipedia

Bitcoin Atm - Wikipedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article contains content that is written like an advertisement . Please help improve it by removing promotional content and inappropriate external links , and by adding encyclopedic content written from a neutral point of view . ( Learn how and when to remove this template message ) The examples and perspective in this article deal primarily with North America and do not represent a worldwide view of the subject. You may improve this article , discuss the issue on the talk page , or create a new article , as appropriate. ( Learn how and when to remove this template message ) A two-way Bitcoin ATM in Toronto, Canada, that allows users to buy or sell bitcoins using cash A bitcoin ATM is an internet machine that allows a person to exchange bitcoins and cash . Some Bitcoin ATMs offer bi-directional functionality; these machines enable both the purchase of Bitcoin as well as the redemption of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account in order to transact on the machine. Bitcoin machines are not ATMs in the traditional sense and probably use the wording ATM as a neologism . Bitcoin kiosks are machines which are connected to the Internet, allowing the insertion of cash in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain. They look like traditional ATMs, but Bitcoin kiosks do not connect to a bank account and instead connect the user directly to a Bitcoin exchange . According to an advisory issued by the Consumer Financial Protection Bureau , "they may also charge high transaction fees – media reports describe transaction fees as high as 7% and exchange rates $50 over Continue reading >>

Bitocean Releases Two-way Bitcoin Atm To Compete With Market Leaders

Bitocean Releases Two-way Bitcoin Atm To Compete With Market Leaders

BitOcean Releases Two-Way Bitcoin ATM to Compete with Market Leaders Sep 21, 2014 at 14:35 UTC|UpdatedSep 22, 2014 at 23:54 UTC BitOcean Technology Development Co Ltd has released China-developed and made bitcoin ATMs with a feature list designed to compete with popular existing products. The new machines - the second generation developed by the Beijing-based company - are two-way kiosks, meaning they enable users to buy and sell bitcoins, with multi-currency support and compliance capabilities to comply with regulations invarious jurisdictions. BitOcean founder and CEO Xiaoning Nan told CoinDesk the company isinvolved in discussions with several buyer-operators: "Our major market is Asia now, because in this region we can provide the best tech support for all our customers and partners. But we would like to sell the BitOcean ATM all over the world." BitOcean installed its first machine in the landmark Wangjing Soho office and retail complex in Beijing. In the next few weeks, the company will organize an event that invites customers to use its ATM alongside those by Robocoin and Lamassu , and compare experiences. The customer screeninterface is available in severallanguages, including Chinese, English and Japanese. A video demonstration of the Chinese versionis below. Nan said the new ATMs offer more enhanced safety and functionality over the first generation, which BitOceanshowcased at the Global Bitcoin Summit in Beijing inMay. The machines, which the company tested for two months prior to release, offer operators a "bank-level experience" in both hardware and software, he added. Improvements include faster processing times - 30 seconds for a withdrawal - and a new multi-function online dashboard for operators. "We updated the core part of the bill acceptor and cash Continue reading >>

Find A Bitcoin Atm Near You

Find A Bitcoin Atm Near You

by Alex Lielacher 334 Investors read this In this guide, well introduce you to bitcoin ATMs, with step-by-step instructions on where to find them, and how to use them. You will also learn what transaction fees you can expect when using a bitcoin ATM to exchange cash for bitcoin, and vice versa. A bitcoin ATM is an automatic teller machine that allows users to purchase bitcoin instantly, using cash. Bitcoin ATMs are generally found in retail stores or cafes that have embraced the idea of bitcoin though the number of bitcoin ATMs is growing every day (see map above). One-way bitcoin ATMsallow users to exchange cash for bitcoin. In other words, you put cash in the ATM, and you receive bitcoin in your mobile wallet. (These are called Fiat -> Crypto on the map above, meaning fiat currency into cryptocurrency.) Two-way bitcoin ATMsallow users to buy bitcoin with cash, and exchange bitcoin back into cash. With a two-way ATM, you can easily cash out of your bitcoin investment. (These are Crypto -> Fiat on the map above.) The process of buying bitcoin varies slightly from ATM to ATM. In general, the process works like this: Input the amount of bitcoin you want to buy. Provide your bitcoin address by scanning your mobile wallets QR code. Confirm the transaction and receive bitcoin in your mobile wallet. If you are using a two-way ATM because you want to exchange your bitcoin for cash, the process is as follows: Input the amount of cash you want to receive. Send the bitcoin equivalent of that amount to the QR code you are given by the ATM. Some bitcoin ATMs also require user verification, using mobile phone number validation or fingerprint scanning. This is dependent on the operator, and is usually only the case for larger transactions. Bitcoin ATMs are also referred to as bitcoi Continue reading >>

How To Start Your Own Bitcoin Atm Business

How To Start Your Own Bitcoin Atm Business

How to Start Your Own Bitcoin ATM Business The number of Bitcoin ATMs (BTMs) is growing everyday, and so are the number of people entering the industry. In order to operate a lucrative BTM business, many costs and risks need to be considered. Also read: The US Reigns Supreme in the Bitcoin ATM Industry The revenue from a BTM depends on several factors, explains Vlad of Coinatmradar , a website that tracks BTM locations. The machines location is of utmost importance. A profitable BTM is often found in a conveniently accessible area with high foot traffic and general public Bitcoin interest. Some BTM operators listed on Coinatmradar For machines placed in an establishment, the opening hours and type of business are also very important. Restaurants and pizzerias are the most popular locations for BTMs, Vlad noted . Based on data from 952 BTMs listed on his website worldwide by 20 manufacturers and 193 operators, Vlad said that operators reported on average a BTM brought in roughly $30,000 a month in transaction volume. On the lower end of the scale, some operators reported bringing in between $20,000 and $25,000 per machine while others reported up to $100,000 per machine. Overall, he noted that: We find a volume of $30K quite realistic to receive at a good location with enough visibility and promotion on the internet. The revenue per machine depends on the fee charged by the operator. Currently, the average BTM fee is 8.48 percent for buying bitcoin and 5.64 percent for selling, according to Coinatmradars calculations . There are many costs associated with running a BTM which vary based on factors such as machine type, manufacturer, country, and currency. Currently, the price of a machine ranges from $775 for a Bitteller BTM to $14,500 for a two-way Genesis Coin Genesis1 Continue reading >>

Stargroup's 500 Australian Atms Receive Two-way Bitcoin

Stargroup's 500 Australian Atms Receive Two-way Bitcoin

Stargroups 500 Australian ATMs Receive Two-way Bitcoin JP Buntinx | September 4, 2017 | 11:00 am Bringing Bitcoin to the masses is a very tough challenge. It becomes even more difficult without convenient ways to purchase cryptocurrency. Stargroup, an Australian fintech firm, runs around 500 ATMs in the country. Through a new partnership with Digital X, they will provide two-way Bitcoin ATM solutions moving forward. It is evident the Bitcoin ecosystem will keep growing in Australia for quite some time to come. Bringing Bitcoin functionality to more Australian ATMs is an interesting decision. There are a few of these machines in operation already. However, their number is pretty small and they charge high fees. That is the case with most Bitcoin ATMs these days, unfortunately. Any fee between 4% and 8% to buy or sell Bitcoin through an ATM is relatively common. The partnership between these two companies is designed to improve that situation as well. Moreover, there is a lack of two-way Bitcoin ATM functionality in Australia as we speak. Through this new agreement, Stargroup will focus on creating the proper software. Digital X will develop an API to facilitate transactions. It is evident that it only takes a software upgrade to turn any ATM into a two-way Bitcoin machine. Both companies will share the transaction fees to cover the costs of this venture. This new partnership comes as great news for Bitcoin enthusiasts living in Australia as having a way to convert to and from cash with ease is pretty significant. It is worth mentioning that Stargroup operates around 500 ATMs across Australia. They also have another 2,400 ATMs at their disposal through the StarLink subsidiary. Digital X has been working on a secure ledger system based on blockchain technology for some ti 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 >>

Stargroup And Digital X Partner On 'two-way' Bitcoin Atm

Stargroup And Digital X Partner On 'two-way' Bitcoin Atm

Stargroup and Digital X partner on 'two-way' bitcoin ATM The two firms plan to develop technology that will allow bitcoin users to deposit and withdraw bitcoin from Stargroup's 500 ATMs in Australia. Fintech firm Stargroup has signed a joint-venture agreement with fellow Australian Securities Exchange (ASX)-listed company Digital X to provide a "two-way" ATM solution for buying and selling bitcoin. According to Stargroup, there are currently only 20 ATMs in the country that can facilitate bitcoin transactions; however, conversion fees are in the range of 4 to 8 percent of the transaction value. Additionally, the vast majority are "one-way" ATMs, which means users can only purchase bitcoin and add it to their bitcoin wallet. Two-way ATMs will allow users to both acquire bitcoin and instantly convert their bitcoin into Australian dollars so they can withdraw cash from the ATM, the companies explained. Under the agreement, Stargroup will be developing the ATM software to process the two-way transaction, while Digital X will be charged with developing an API to facilitate the transactions. The Perth-based companies will share the transaction fees charged at the ATM. According to a statement released to the ASX on Monday, the process for bitcoin users looking to cash out their money can currently take a number of days using online digital currency exchanges. Stargroup operates approximately 500 ATMs in Australia and manages another 2,400 ATMs via its wholly owned subsidiary StarLink. As Digital X has developed a secure ledger system based on blockchain technology, the two companies expect to roll out the two-way ATM offering across Stargroup's entire Australian remit. Stargroup also has a direct ownership interest in NeoICP Korea Inc, a private South Korean company that man Continue reading >>

Ever Heard Of Bitcoin Atms? Here Is What You Need To Know

Ever Heard Of Bitcoin Atms? Here Is What You Need To Know

Ever Heard of Bitcoin ATMs? Here Is What You Need to Know GENT, BELGIUM - 2015/03/29: Bitcoin allows you to send and receive payments at very low cost. Except for special cases like very small payments, there is no enforced fee.Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app. (Photo by Jonathan Raa/Pacific Press/LightRocket via Getty Images) Bitcoin has recently surpassed the value of Goldman Sachs Group Inc. and hovers above $100 billion. However, the wider public is yet to be introduced to Bitcoin and cryptocurrencies. Even so, on October 2013, Bitcoin ATMs made their debut at the Bitcoiniac`s kiosk in one of Vancouvers coffee shops. Today, just four years later, theres more than 8 million Google search results for Bitcoin ATM near me. In this guide, we present you with the most important things to know before using a Bitcoin ATM. There are two varieties of Bitcoin ATMs, depending on the operations they allow for: One-way or two-way transactions. Around 70% of the ATMs worldwide only support the depositing of fiat money into the wallet and buying bitcoins. These are called vending machines. Theres less legal scrutiny around them, thats why theyre more popular. The other 30% are two-way ATMs. They have more KYC/AML requirements like ID or palm scanning. This helps preventing illegal traders (such as weapons dealers), cash in on their Bitcoin. The future will see ATMs that support bank-like features, like providing users with different types of accounts savings, deposits and payments. However, there is still no company that offers those services There are three leading producers of Bit 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 >>

Genesis Coin Bitcoin Atm Machine Producer

Genesis Coin Bitcoin Atm Machine Producer

Genesis Coin bitcoin ATM machine producer Total number of Genesis Coin ATMs installed:982 About: Genesis1 is the Bitcoin ATM produced by San Diego, CA, US based company Genesis Coin Inc. The Genesis Bitcoin machine represents a solid ATM with all AML/KYC features required. By request an optional finger print scanner could be added. SMS verification function, identification card reader, and a high-definition camera could be used in order to comply with regulations in place. This is a two-way Bitcoin ATM, so both fiat money to Bitcoin, and Bitcoin to cash transactions could be done. Interesting is the fact that this ATM supports three cryptocurrencies: Bitcoin, Litecoin and Dogecoin, which is opposite to only Bitcoin normally with other ATMs. The bill capacity for this Bitcoin machine is: 1,700 to 6,800 note Bank-grade Cash Dispensing System Company provides a policy of white-labeling and allows flexible branding of the machines run by operators. One Genesis1 Bitcoin ATM was donated by the company to Botswana Bitcoin community leaded by Alakanani Itireleng . In the end of July 2014 through its twitter channel the company announced its one-way Bitcoin ATM called Satoshi1. $14,500 for Genesis1 Bitcoin machine (2-way) $6,800 for Satoshi1 Bitcoin machine (1-way) $8,900 for Satoshi2 Bitcoin machine (2-way) 1% ongoing fee from the transaction volume for software usage. Continue reading >>

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