First Bitcoin ATM (BTM) comes to Greece amidst the recession!

[bSpend]

it depends on the model and how it's setup..this machine how it is setup asks for none of that, u insert the cash and get ur BTC

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[Argwai96]

If the owner of the atm wants only cash then cash to btc will be, i know i wouldn't take credit cards, they could easily visit an atm withdraw cash and buy bitcoin from the btm.

[Jammalan the Prophet]

Buy rate: EUR 247.40    

[bSpend]

sorry, some test settings remained..fixed. is it ok now?

[brekyrself]

What is the legal status of running a Bitcoin ATM in Greece?  Have to report transaction etc...?

[bSpend]

As in most EU countries it's not defined by law..yet..

[Amph]

Buy rate: EUR 247.40    

where you see it? are they trying to cover they debt with this ploy?

As in most EU countries it's not defined by law..yet..

it does not mean that you can't declare anything, especially if your income is very high

[Daniel91]

Buy rate: EUR 247.40    

where you see it? are they trying to cover they debt with this ploy?

As in most EU countries it's not defined by law..yet..

it does not mean that you can't declare anything, especially if your income is very high

247.40 Euro?
This is very strange and unfair rate, something is wrong with that.
Are you sure this is correct?
We just recently got first Bitcoin ATM in Croatia and we don't have such ridiculous rate.
Regarding law, in my country we can't report to IRS any income in BTC directly, it must be in national currency.
Any way, this is still gray and undefined zone.
 

[bSpend]

We installed the Croatian ATM as well
the rate is not correct, it was maybe at that time while the machine was in test mode. the fee is 5% so anyone can go now and report the current rate

[LFC_Bitcoin]

Hmmmm good news that they're getting a BTC ATM I guess but I wonder how much it will get used, I'd be willing to guess the answer is not a lot.
Has anybody got any stats on BTC use in Greece? It'd be interesting to see. I HODL & buy on exchanges so I've never used a BTC ATM. I found an interesting stat the other day though, if anybody wants to have a look CoinDesk have a worldwide BTC ATM map -

http://www.coindesk.com/bitcoin-atm-map/

[Q7]

People should realize that if they have limitation to take out their money, this is definitely one of the solutions because nobody can control where bitcoin goes. If that is not enough to convince people to see the benefit of bitcoin, I don't know what else further we can do. It's interesting to see how this will develop and change over time.

[hua_hui]

Buy rate: EUR 247.40  

where you see it? are they trying to cover they debt with this ploy?

As in most EU countries it's not defined by law..yet..

it does not mean that you can't declare anything, especially if your income is very high

247.40 Euro?
This is very strange and unfair rate, something is wrong with that.
Are you sure this is correct?
We just recently got first Bitcoin ATM in Croatia and we don't have such ridiculous rate.
Regarding law, in my country we can't report to IRS any income in BTC directly, it must be in national currency.
Any way, this is still gray and undefined zone.
 

The operators can charge any percentage of fees to cover his costs. The fees is insanely high. I don't think any one will really use this machines, probably come here, have a look and try out a small amout of money. They can go exchange for the fair fee.

[amiryaqot]

We installed the Croatian ATM as well
the rate is not correct, it was maybe at that time while the machine was in test mode. the fee is 5% so anyone can go now and report the current rate

that is nice to see you are providing the great support there as this ATM is in test mode so we can understand that kind of minor problem is normal in the start, good to see now that problem has been resolved and the rate is get corrected to €216.

[manselr]

Buy rate: EUR 247.40    

where you see it? are they trying to cover they debt with this ploy?

As in most EU countries it's not defined by law..yet..

it does not mean that you can't declare anything, especially if your income is very high

247.40 Euro?
This is very strange and unfair rate, something is wrong with that.
Are you sure this is correct?
We just recently got first Bitcoin ATM in Croatia and we don't have such ridiculous rate.
Regarding law, in my country we can't report to IRS any income in BTC directly, it must be in national currency.
Any way, this is still gray and undefined zone.
 

They are doing the classic "let's charge these European idiots the same number we charge to the Americans, except we switch the dollar sign for the euro sign" move. Maybe they'll be able to pay the debt with that.
And as others have pointed out, im pretty sure this requires credentials which would attach that withdraw/deposit to your real name forever.

[bSpend]

do you guys who post even read the previous posts? :/

[maheshmahi]

Heard that bitcoin is just a digital currency.. But now a b machine means that btc is now can be taken as cash.

[DarkHyudrA]

do you guys who post even read the previous posts? :/

They prefer to FUD and to post all around so they get paid for their signature campaigns.
I do have one, but I try to not post useless things like those 5 posts above yours.

[yayayo]

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.

Why cashout to fiat when you have Bitcoin? Two-way ATMs are only needed for those who buy Bitcoin for speculative purposes without realizing that Bitcoin is superior money. Buy Bitcoin and pay for goods and services with Bitcoin. Let fiat hyperinflate and die.

ya.ya.yo!

[LiteCoinGuy]

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

hello

thanks for the clarification. good work and good luck over there. i guess you are living in some tough times in these days  .

[acquafredda]

I hope this is the first step of a great journey my greek friends!

Long live!