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Author Topic: First Bitcoin ATM (BTM) comes to Greece amidst the recession!  (Read 2368 times)
bSpend
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June 24, 2015, 03:18:33 PM
 #1

The first BTM in Greece is operational http://coinatmradar.com/bitcoin_atm/527/bitcoin-atm-genesis-coin-acharnes-orizontes-bookstore/ Please spread the word..also, still looking for a location for a 2-way

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June 24, 2015, 03:21:04 PM
 #2

gz! I will go for a walk to get my btc from machine  Grin I have never see a machine in operation before

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June 24, 2015, 03:28:05 PM
 #3

Someone should setup a webcam or an ipcam to see the movement on greece to this atm, it would be fun to see a timelapse video. im sure it would turn political with the current situation.
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June 24, 2015, 03:29:43 PM
 #4

Best time to have BTM's flood Greece Wink Was it on purpose?

The unfortunate thing is, it's only a 1 way machine...
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June 24, 2015, 03:34:42 PM
 #5

at least one...there should be one in the capital too.

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June 24, 2015, 03:38:23 PM
 #6

Acharnes is Greater Athens, less than 30min by train from Athens centre. We are looking for a location in central Athens to place a 2-way, so anyone with ideas is welcome

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June 24, 2015, 03:48:50 PM
 #7

and some pic from here

http://coinatmradar.com/bitcoin_atm/527/bitcoin-atm-genesis-coin-acharnes-orizontes-bookstore/




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June 24, 2015, 03:52:32 PM
 #8


And whats New In this machine? Is it cashout BTC, Or fiat money? We have to use ordinary card like bit-x card on these machine?

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June 24, 2015, 03:54:28 PM
 #9

I think is cash out only btc. Here is and another pic


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June 24, 2015, 04:04:16 PM
 #10

And whats New In this machine? Is it cashout BTC, Or fiat money? We have to use ordinary card like bit-x card on these machine?

Cashout to BTC only, as it says on the website linked in the OP...

These kinds of machines accept credit and debit cards too?
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June 24, 2015, 04:18:42 PM
 #11

And whats New In this machine? Is it cashout BTC, Or fiat money? We have to use ordinary card like bit-x card on these machine?

Cashout to BTC only, as it says on the website linked in the OP...

These kinds of machines accept credit and debit cards too?

Seens so, there's a slot for it.
But it would be interesting to not only buy BTC, but to cashout aswell.

English <-> Brazilian Portuguese translations
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June 24, 2015, 04:24:02 PM
 #12

it has an option to accepts cards (ie debit, credit cards etc) but we don't have such an agreement with a bank yet, so it's cash only for now. as i said, if someone provides a location for a 2-way machine in athens, we will install it, so that will be a cash out option

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June 24, 2015, 04:25:53 PM
 #13

And whats New In this machine? Is it cashout BTC, Or fiat money? We have to use ordinary card like bit-x card on these machine?

Cashout to BTC only, as it says on the website linked in the OP...

These kinds of machines accept credit and debit cards too?

Seens so, there's a slot for it.
But it would be interesting to not only buy BTC, but to cashout aswell.

So the If it Cashout BTC, Then How Will we exchange them Into Fiat cash?
Are these shops accepting BTC for Shoping?

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June 24, 2015, 04:27:28 PM
 #14

And whats New In this machine? Is it cashout BTC, Or fiat money? We have to use ordinary card like bit-x card on these machine?

Cashout to BTC only, as it says on the website linked in the OP...

These kinds of machines accept credit and debit cards too?

Seens so, there's a slot for it.
But it would be interesting to not only buy BTC, but to cashout aswell.

If there's anywhere people are desperate for cash it's Greece. With all the cutbacks there must be some Greek Bitcoin holders who have no choice other than to sell some coins to pay the bills. If it was a two way machine it would be more popular because they could get their hands on cash very quickly.
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June 24, 2015, 04:30:57 PM
 #15

And whats New In this machine? Is it cashout BTC, Or fiat money? We have to use ordinary card like bit-x card on these machine?

Cashout to BTC only, as it says on the website linked in the OP...

These kinds of machines accept credit and debit cards too?

Seens so, there's a slot for it.
But it would be interesting to not only buy BTC, but to cashout aswell.

So the If it Cashout BTC, Then How Will we exchange them Into Fiat cash?
Are these shops accepting BTC for Shoping?

The point is to secure money by exchanging it to bitcoins, and use it as a payment tool aswell. You can see on the guy's t-shirt also:
"I can tell you what to buy with bitcoins" , so it's safe to say how then can use bitcoins as payment method.
Another form of avoiding banks and securing their money would be to use bitcoin debit cards, which they can load using bitcoins purchased from ATM.

cheers

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June 24, 2015, 04:53:36 PM
 #16

I think is cash out only btc. Here is and another pic



to me it seems like a gimmick unecessarely thing, you can just go ahead and use any exchange to have bitcoin then load those in your wallet and proceed to buy what you want at any shop accepting it

but if those machine offer a sort of privacy on your transaction(your name does not appear there, like in the exchange ecc..)

then i could see a point in using it
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June 24, 2015, 05:48:53 PM
 #17

yes, some people like anonymity, don't want to bother with KYC on online exchanges, and other reasons..

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June 24, 2015, 05:54:23 PM
 #18

The first BTM in Greece is operational http://coinatmradar.com/bitcoin_atm/527/bitcoin-atm-genesis-coin-acharnes-orizontes-bookstore/ Please spread the word..also, still looking for a location for a 2-way

This is really great news, I hope Bitcoin ATM in Greece will be act as a eye opener to all over the world, this scheme will enriched the financial crisis and make their economic conditions to stabilize, I really wish good luck to Greece, it is one of the ancient and traditional country in this world.
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June 24, 2015, 05:56:01 PM
 #19

Since your into Bitcoin you must already be aware of this but I wanted to double check anyway since you guys in Greece are really in for a shitstorm. You are aware of the risks involved with trading for paper currencies like this right? For instance if a ton of people did a run on the banks and all swarmed to your ATM to buy Bitcoins, you would be left with nothing but worthless paper.

It may end up being profitable for now, but eventually things will get so expensive in paper currency that you'll practically have been robbed of your coins and you'll have lost one of your only ways to guard against inflation. The reason I'm saying this is not to be negative but because I am absolutely expecting a pretty bad crash this year and Greece will be one of the main catalysts.
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June 24, 2015, 06:00:34 PM
 #20

I think is cash out only btc. Here is and another pic



to me it seems like a gimmick unecessarely thing, you can just go ahead and use any exchange to have bitcoin then load those in your wallet and proceed to buy what you want at any shop accepting it

but if those machine offer a sort of privacy on your transaction(your name does not appear there, like in the exchange ecc..)

then i could see a point in using it

I don't remember where but I remember seeing someone using an ATM (not that model tho, I think it was the Robocoin one) and it was a mess, you needed ID, a hand scan, and they even had a webcam on there.. what a joke.
Im pretty sure this is not anonymous, which would mean, the government could try to scan the ATM's and see the BTC transactions linked to your name (I assume this machine will need your ID at least) and tell you to get your BTC back to euro or get some sort of sanction... so whats the point?


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