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Title: bitcoin atm Post by: Lovethecoins on January 21, 2014, 05:27:27 AM What you think about opening an atm? Think this would be a good profitable investment? Do you trust the machine? Also if you had a atm in your town would you use it.
Title: Re: bitcoin atm Post by: Lovethecoins on January 21, 2014, 08:27:30 AM Anything?
Title: Re: bitcoin atm Post by: Haidang1796 on January 21, 2014, 08:30:24 AM it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker :-\
Title: Re: bitcoin atm Post by: Lovethecoins on January 21, 2014, 08:32:37 AM Would you use one if it became available?
Title: Re: bitcoin atm Post by: blodyx on January 21, 2014, 10:09:43 AM I would use it!
Title: Re: bitcoin atm Post by: hilariousandco on January 21, 2014, 10:16:57 AM it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker :-\ Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines. Would you use one if it became available? Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium. Title: Re: bitcoin atm Post by: Lovethecoins on January 21, 2014, 08:03:06 PM 5% sounds like the general... I realize that is a little high
Title: Re: bitcoin atm Post by: Haidang1796 on January 22, 2014, 08:45:15 AM it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker :-\ Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines. Would you use one if it became available? Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium. because it worth more than other currency, I mean it's more money right? Title: Re: bitcoin atm Post by: hilariousandco on January 22, 2014, 11:40:02 AM it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker :-\ Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines. Would you use one if it became available? Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium. because it worth more than other currency, I mean it's more money right? How is it more money exactly? It'll probably be less if you withdraw $10 of Bitcoin and have to pay a premium commission on that. Title: Re: bitcoin atm Post by: waqas on January 22, 2014, 12:35:27 PM mostly peoples don't like to use atm for bitcoin because of high commission and some other problems
Title: Re: bitcoin atm Post by: Kiki112 on January 22, 2014, 12:40:52 PM it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker :-\ then how do usual ATMs work :D just set up a camera and put in somewhere with a lot of people :) Title: Re: bitcoin atm Post by: FlyForFun on January 22, 2014, 02:16:40 PM What you think about opening an atm? Think this would be a good profitable investment? Do you trust the machine? Also if you had a atm in your town would you use it. Its risky but I heard the latest ATM would only cost about $1000 which is quite worth for investment. Title: Re: bitcoin atm Post by: Lovethecoins on January 22, 2014, 09:39:35 PM I have a friend who is really interested in adding one for the city :)
Looking at all legal issues first :) Title: Re: bitcoin atm Post by: E.exchanger on March 20, 2014, 10:01:52 PM They are already implemented in china. And getting them installed across your city would be dependent on many factors like is you government fine with bitcoins including the financial authorities, Also it would be better to take a quick survey on how many people actually use bitcoin in your area as you don't want to be the only person using that ATM .
Title: Re: bitcoin atm Post by: sanjoea on March 21, 2014, 08:55:27 AM If you get a card you can withdraw from any atm, like from bitplastic
Title: Re: bitcoin atm Post by: erono on March 21, 2014, 08:58:56 AM you may need to guard the atm.
Title: Re: bitcoin atm Post by: roslinpl on March 21, 2014, 10:30:57 AM you may need to guard the atm. Indeed :) Security would be needed in many cases :P Imagine BTC atm at Brixton. Title: Re: bitcoin atm Post by: Triswardhani on March 21, 2014, 03:22:16 PM Maybe I am a little stupid .... but bitcoin atm? will shape how the physical form of bitcoin which is out of the atm? LOL ;D
Title: Re: bitcoin atm Post by: softron on March 21, 2014, 05:54:14 PM Sounds nice but what is the current fee structure.
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