Bitcoin Forum

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Are you sure the state allow you to operate an ATM without license? Or have you gotten a license and registered as MSB with Fincen?

If you achieve this it will go a long way in building the confidence and acceptance of bitcoin.

Are those btc atms actually different from each other? Sounds interesting xD

If all the legalities have been worked out its a welcomed move towards the development and enlightenment of BTC.

I've been looking to do the same soon. So I'll be following this thread :)

There are less than 200 atms and competition is among the best ones? Just wow.

What difference it offers?

There are only two states which don't required you to have money transmitter license to be one.

https://bitcointalk.org/index.php?topic=259712.0

Your options are robocoin, lamasuu and skyhook, afaik

Skyhook seems to be cheapest and robocoin seems like the best

That thread you linked to is discussing the cost of becoming a money transmitter in those states. Very few states have actually released statements regarding cryptocurrencies.

I would pay close attention to the MSB regulations. When I looked into it the need to be a money transmitter was a deal breaker. I'm not sure about your state, but in some places it is ridiculously expensive. Basically it is set up to keep small players out of the market.

You will also have to keep immaculate records of who bought what at what time. Knowing the identity of your customers (KYC) and proving you have anti-money laundering (AML) systems in place is likely going to be how you spend your time.

But hey, somebody is going to do it. And if I had an ATM near me, I would use it.

Cheers and best of luck!


Wow, nice work bro!

I've put together the most conclusive comparison of the top Bitcoin ATMs on the market here...

http://bitcoinatmsales.com/ (http://bitcoinatmsales.com/#compare)

Feedback and corrections are welcome!

Best ATM is one that you can deposit cash for bitcoins and get cash for bitcoins.

Some are like vending machines where you can only do one or the other.

They are all the same to me 8) 8)

watched a video on robo coin with all the hand scans and time it takes that atm looks like a nightmare

AFAIK that isn't Robocoin who is forcing it but them including it as an optional feature.  I've used Robocoin several times and never had to insert my palm or government ID, mind you it's possible they took a screenshot of my face or a finger print when I was using the touch screen.

Owners might be using it due to local laws or just using it because they want to inconvenience people.

They cost way too much for me.

Best regards,
ilpirata79

I use BitAccess and though wile at times the are a bit slow to get things done, they have managed to do most things right and are a pleasure to work with. I have no personal experience with the others so I don't really have much to say about them, but BA always has worked for me.

If you're interested in an ATM in the US, I'm interested in splitting ATMs with people and have a partner with a MTL for most states. Feel free to PM me if you have a good location.

For now crypto ATM is just more than curious machine of wonders for random people than real working ATM. You will be better buying your bitcoin in standard online exchange. For in a couple of years, who know. Then it will probably the best option to buy cryptocurrencies.