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Where To Buy Bitcoin Atm

Athena Bitcoin

Athena Bitcoin

Happy Holidays from our newest location in Richmond Heights, MO! Buy and sell bitcoin ( and litecoin! ) at our convenient ATMs located in your neighborhood. Bitcoin ATMs allow you to purchase bitcoin without a bank account, debit card or credit card. You can buy bitcoin in as little as 90 seconds with just your bitcoin wallet on your smartphone. Geographically diverse & always adding new ATMs! Athena Bitcoin currently operates in seven states. Check out our Twitter @AthenaBitcoin for updates! 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 >>

A Beginner's Guide To Operating Your Own Bitcoin Atm

A Beginner's Guide To Operating Your Own Bitcoin Atm

Last updated on October 13th, 2017 at 06:54 pm The following post is a guest post by Joe Ciccolo, the Founder & President of BitAML .He can be reached at [emailprotected] . Theres a great deal of excitement around the bitcoin ATM space. And why not? Terminals are popping up all over the United States, and around the world. Since this time last year, the number of bitcoin ATMs has risen by over 55%. Of this growth, 20% has occurred in Q1 of 2016 alone. Every day, two new terminals come online somewhere in the world. The appetite among both consumers and bitcoin ATM operators is undeniable. Consumers enjoy a simple, user-friendly, and familiar onramp. The sale of fiat paper currency for bitcoin can be completed within a matter of seconds. To the consumer, especially bitcoin regulars, these new age vending machines have become a popular alternative to bitcoin exchanges, which tend to suffer from longer processing times, stricter controls, and arguably colder customer service. For operators, the barriers to entry are much lower in comparison to most bitcoin business models, not just bitcoin exchanges. Rather than coding an app and developing cumbersome infrastructure, as an operator you simply purchase your technology from a bitcoin ATM manufacturer. This is the complete list of Bitcoin ATM manufacturers available today. ATMs vary from one another in size, price and functinality. For example, some ATMs can only accept Fiat and dispense Bitcoins. Others also allow you to send in Bitcoins and get Fiat in return. So All thats left to do is find a location and plug er in, right? Wrong! Ordering and taking delivery of your terminal should be one of the last steps in your business planning. AML compliance should be step one! Yes, thats right, I said itAML compliance should be st 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 >>

Where We Went Wrong Buying A Bitcoin From An Atm

Where We Went Wrong Buying A Bitcoin From An Atm

Where We Went Wrong Buying a Bitcoin from an ATM The first mistake was buying the Bitcoin. If you've watched our video from today , you've caught a glimpse of the saga that was our attempt to buy and then subsequently sell a Bitcoin at SXSW. In retrospect, it wasn't a very bright idea. But we were curious, not only of the prospect of using cyptocurrency as a fungible good for making purchases, but also of the promised ability to turn Bitcoin into real cash dollars. Both of those goals were theoretically possible in that week in Austin, which had hosted a recent Texas Bitcoin Conference --spurring several local businesses (read: food trucks) to start accepting Bitcoin as a novel marketing tactic. Austin was also home to one of the first Bitcoin ATM operators in the nation, with no fewer than three places in the city to make automated in-person transactions. Yes, here was a machine that promised not only to slurp up your dollars to transfer fractions of Bitcoin to your digital wallet, but also let you cash out of virtual currency for Uncle Sam-backed bills. Something we didn't really explain in the video (because we frankly still don't completely understand it ourselves) is how the Bitcoin ATM system worked. The ATMs are built by a company called Robocoin , a Las Vegas-based started founded by two brothers who were previously making Bitcoin-for-cash transactions locally, in person. According to a Wired report, Mark and John Russell, wanted to find a way to automate the process using a machine, while still working within the still-evolving regulatory guidelines set by US government for Bitcoin transactions. Naturally, they teamed up with a Nevada slot machine maker to start making prototypes. Honestly, the warning signs were all there. Because of those tricky (and still m Continue reading >>

Localbitcoins.com: Fastest And Easiest Way To Buy And Sell Bitcoins

Localbitcoins.com: Fastest And Easiest Way To Buy And Sell Bitcoins

The demand for effortless and easy Bitcoin exchanging service everywhere is increasing globally. People are more interested in Bitcoin, and more shops accept Bitcoin everyday, both offline and online. The usability of Bitcoin is increasing, so more people want to hop the Bitcoin train everyday. Also remittance use is increasing - on LocalBitcoins we have seen volumes in developing countries increasing, along the more developed countries. LocalBitcoins ATM is an affordable and robust machine for automatizing your Bitcoin exchange business. The LocalBitcoins ATM is unique because it does not require internet connection, but the exchanging happens on the LocalBitcoins website. The ATM works as a simple and safe cash-box. This makes the ATM very robust. The ATM has 30-note recycler, which also increases mainteinability and makes the process robust. The customers who withdraw can get the same notes that other customers deposit. This makes the operators work easier. The operators has to take care that he has enough Bitcoins to sell, empty the cash box when full, and take care that there are notes in the ATM for customers to withdraw. The ATM is upgradeable, and we are constantly working on improving the features of the ATM. Buying and selling rates can be easily changed via admin interface, as well as otherwise the ATM can be easily monitored via web interface. Also historical rates per atm are viewable via charts.localbitcoins.com . Graphics and stickers for the ATM can be made by you to fit local needs. Also we can help you setupping the look of the ATM. We have been testing two ATM's in Helsinki for about four months and they have been functioning well. Development has been going on simultaneously and we have pretty much dealt with all the minor issues weve encountered du Continue reading >>

Bitcoin Atm Near Me | Coinatmradar

Bitcoin Atm Near Me | Coinatmradar

There are many bitcoin ATMs worldwide on the map . Using search below you can find closest bitcoin ATM location by address with extra details like fees, limits etc. If you have not used bitcoin ATM before - here are some links that might be useful: Enter an address here (city name is enough, or full address if you want more precise results): 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 >>

Buy Bitcoin Atm

Buy Bitcoin Atm

On this page you can find a list of mostly used Bitcoin ATMs and link to providers website. Alternatively you can check and buy a used or new Bitcoin ATM from operators, resellers or other Bitcoin ATM owners (see second hand section below). Want your Bitcoin ATM to be listed here send a message to [email protected] If you plan to run your own bitcoin ATM the following collection of articles about bitcoin ATM operation might be useful. Sell option available via separate Santo Tirso stand Flat rate support fee ($100 per month per machine) 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 >>

1001+ Bitcoin Atm Map Locations Near Me

1001+ Bitcoin Atm Map Locations Near Me

A Bitcoin ATM is a machine that buys or sells bitcoins for cash. It works almost like the ATMs you use today. Instead of inserting your debit card and getting cash, you insert cash and get bitcoins sent to your Bitcoin wallet (if you are buying bitcoins). Some Bitcoin ATMs also let you sell bitcoins, so you would send bitcoins to the machine and the Bitcoin ATMs would spit out cash. Bitcoin ATMs are a good way to buy bitcoins if you have one near you. You can use Coin ATM Radar's map to find locations . Delivery of bitcoins with Bitcoin ATMs is instant, so you get your coins fast. Buying bitcoins with ATMs is also private, since no personal information is required at most ATMs. What are the Average Fees for Bitcoin ATMs? The average fees are about 5-10%, although this can vary greatly depending on your country. Continue reading >>

Bitcoin Atm Is 'horrible For Money Laundering,' Co-creator Says

Bitcoin Atm Is 'horrible For Money Laundering,' Co-creator Says

Bitcoin ATM is 'horrible for money laundering,' co-creator says Why the Bitcoin ATM may not be the best option for illegal activity, and where it could start popping up soon. Use commas to separate multiple email addresses What is software-defined networking (SDN)? On the surface, Bitcoin seems perfect for crime. The digital, peer-to-peer currency is largely known for its independence from governments or banking institutions, as well as its supposed anonymity. Naturally, as a result, Bitcoin has been widely used on the black market website Silk Road, which has been called the Amazon.com of illegal drugs . Silk Road is designed to keep its users entirely anonymous as they conduct business with the sites drug purveyors. Bitcoin has fit in nicely in this market, allowing distributors and customers to make their purchases without exchanging cash, and thus arousing suspicion from law enforcement. As of September 2012, Bitcoin transactions on Silk Road amounted to $1.9 million per month, Carnegie Mellon researcher Nicolas Christin told The Economist. By this logic, the only advancement that could make Bitcoin a better fit for illegal online transactions is a simple, two-step method to turn physical cash into Bitcoins. Although Bitcoin can be mined, that process requires a computer to solve complex math problems, and is designed to become increasingly difficult and time-consuming. The alternative is to purchase Bitcoins, which can be done fairly easily online, but involves a cash transaction from a traditional online payment service. Theoretically, thats where Lamassus Bitcoin ATM could come in handy. The Bitcoin ATM is exactly what it sounds like. A user enters a dollar bill, scans a QR code, and receives Bitcoins in their online wallet. The obvious market for the device is Continue reading >>

How To Start A Bitcoin Atm Business

How To Start A Bitcoin Atm Business

Bitcoin ATM , Operating bitcoin ATM , Statistics , Tutorial Bitcoin ATM , operating bitcoin ATM , statistics , tutorial CoinATMRadar According to our bitcoin ATM industry stats , there is a growingnumber of bitcoin ATM installations worldwide.If someone wants to run his own bitcoin ATM or install a bitcoin machineat existinglocal business, what are the main points to check and decisions to make beforehand? The following article tries to answer these questions. With all developments in Bitcoin area over last couple of years one thing became more prominent regulation. Bitcoin ATM business is not an exception. In many jurisdictions you need to get special licenses like MSB or others in order to conduct such a business. Running a bitcoin ATM without complying with law might end up bad. So the main point to start investigating in case you would like to run a bitcoin ATM is the legal framework for such activities in your region. If you are in U.S. the following two articles written by Aaron Williamscould be a good starting point: Bitcoin ATM regulation 101 and 102 .Legal framework really depends on your location, so consult with a local lawyer first. Whilerunning a bitcoin ATM on your own might require a lot of investment in legal field, e.g. creating your KYC/AML compliance policy, obtainingproper legal licenses, there is still a cheaper way find existing bitcoin ATM operator in your area, approach and suggest a collaboration, so that you work under their legal licenses umbrella. In order to find operators around you check our bitcoin machine locationsmap , for majority of listings operator information is provided. In order to operate a bitcoin ATM you need to have a bank account. There were some ideas to build an unbanked bitcoin ATM , however, it is more of a nice to have Continue reading >>

Buying A Bitcoin Atm Isn't A Great Investment When You Buy One With Bitcoin

Buying A Bitcoin Atm Isn't A Great Investment When You Buy One With Bitcoin

Buying A Bitcoin ATM Isn't A Great Investment When You Buy One With Bitcoin I cover science and innovation and products and policies they create. Opinions expressed by Forbes Contributors are their own. Last month there seemed to be a race on to place the first physical bitcoin ATM in the United States. Just as Robocoin was announcing its plans to power up the first such machine in Austin, a California man stole all the thunder by announcing that his bitcoin ATM made by a company called Lamassu had already been up in running in an Albuquerque, New Mexico cigar shop for a few days. The following day, another Lamassu machine surprisingly showed up in Boston. But the man behind the actual first American bitcoin ATM is Eric Stromberg, who chose to set it up in New Mexico because the state's laws (or rather, the lack of money transmission statutes) were friendlier to the cryptocurrency-in-the-real-world venture than back in his previous home state of California, where a $250,000 bond would have been required. Stromberg ordered his Lamassu ATM last summer at a cost of $5,000, which he paid for with about 43 bitcoins at the time. Had he held on to those bitcoins instead, he could have seen them increase in value by as much as 600 percent, going by today's bitcoin prices. If I had held those bitcoins, they would be worth six times as much now. But thats looking in the rearview mirror, he told Coindesk . That opportunity cost makes it unlikely that Stromberg's investment in the first American bitcoin ATM to operate will pay off anytime soon. He's been limiting transactions on the machine to a maximum of $1,000 in value and charges a seven percent markup. And to call the machine a true ATM is something of a misnomer -- it's more of a currency exchanger that simply takes in cash Continue reading >>

Bitcoin Atms Popping Up Around San Diego

Bitcoin Atms Popping Up Around San Diego

San Diego County now has 27 Bitcoin ATMs with more on the way. San Diego County now has 27 Bitcoin ATMs with more on the way. San Diego County now has more physical locations to buy bitcoin, a digital currency rising rapidly in price. Bitcoin has seen a more than 1,000 percent price increase in a year. Some people looking to buy or sell choose to use specialized ATMs that charge a fee. San Diego County went from five machines in 2016 to 27 in 2017. Its a bitcoin gold rush and, for better or worse, its showing up in places you might not expect in San Diego. Potential investors in the digital currency now have increasing opportunities to buy it at brick-and-mortar locations with bitcoin ATMs in coffee shops, bodegas and bars. The ATMs, which sometimes charge high fees, offer a way to quickly invest in bitcoin. With a nearly 1,300 percent price increase in 2017, ATM operators are betting on businesses and consumers looking to get in on the craze. There are now 27 bitcoin ATMs in operation in San Diego County, said cryptocurrency tracker Coin ATM Radar. The first eight opened in 2014, but by 2016 there were just five, the company said. As the price of bitcoin soared, so too did the number of machines. In 2017, 29 machines were added (while seven closed). There are also three bitcoin ATMs in operation across the border in Tijuana. Bitcoin was invented in 2008 as an alternative to government-backed currencies. Because of its ability to be used anonymously, it has gained a reputation among some as a way to purchase illegal items. In 2017, the value of bitcoin increased from $997.69 on Jan.1 to $13,860.14 by Dec. 31, said CoinDesk. While many of bitcoins earlier and most passionate adopters were those who saw the currency as a way to take back control from governments and bank Continue reading >>

Buying Bitcoins From An Atm

Buying Bitcoins From An Atm

You are at: Home Buying Bitcoins from an ATM Bitcoin ATMs (automatic teller machines) are springing up all over the world. They are a convenient way to buy bitcoins with cash without going online or interacting with another human being. But there are a few important things to known about Bitcoin ATMs before making a purchase: Many Bitcoin ATMs are one-directional: meaning you can buy bitcoins, but cannot sell them (or vice-versa). Finding a Bitcoin ATM near you can be challenging. Many governments have strict financial regulations that determine where and under what conditions an ATM can be installed. Since Bitcoin ATMs can be subject to regulations, you may be required to prove your identity by having your fingerprints, hand palm, and/or government ID card scanned by the ATM. This all depends on the model of the ATM and jurisdiction of where it is installed. Bitcoin ATMs dispense bitcoins for national currency (cash), and if the machine is bi-directional, it can additionally dispense cash for bitcoins. Bitcoins are dispensed either to the buyers own Bitcoin wallet (via scanned QR code on the buyers mobile device or paper wallet), or to a paper wallet generated and printed by the ATM at the time of purchase. The price of the purchase is dependent on current Bitcoin exchange rate, which the ATM retrieves from the internet in real-time. Also, an additional percentage fee is charged by the ATM for the service and factored into the price. The ATM either has a certain amount of Bitcoins to sell in a dedicated wallet, or it connects to an online exchange to purchase the bitcoins in real-time on behalf of the buyer. The method used is based on how the machine was configured by the owner, and whether or not real-time brokering of bitcoins is allowed its particular jurisdiction Continue reading >>

Buy A Bitcoin Atm Btm - Bitaccess

Buy A Bitcoin Atm Btm - Bitaccess

Bitaccess is the worlds leading vendor of Bitcoin Teller Machines. Our machines allow anyone to deposit cash and instantly receive a digital wallet containing the equivalent in the Bitcoin cryptocurrency, or exchange Bitcoin for traditional currency. Bitaccess is the worlds leading vendor of Bitcoin Teller Machines. Our machines allow anyone to deposit cash and instantly receive a digital wallet containing the equivalent in the Bitcoin cryptocurrency, or exchange Bitcoin for traditional currency. Auditable S&G locks, serviceable by all major cash management companies. Designed to withstand both physical and network based attacks. Turn-key operation. Connect it and forget it. All management is done remotely. All the tools necessary to operate as an MSB in all jurisdictions. Formally register customers in seconds. Designed with service in mind. Individual key access to allow for auditable access to cash and components. Phone, email and SMS support is available for all BTM operators and end customers. Cash that is inserted by one customer is dispensed directly to following customers. This minimizes operational and capital costs. Continue reading >>

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