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Zenyatta19
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January 22, 2017, 02:50:14 PM
 #1

Anyone in the bitcoin ATM business??
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January 22, 2017, 03:42:36 PM
 #2

I saw some videos in youtube that they're using atm with bitcoin i wonder how far it goes. because i know its hard to if its have an atm machine. we all know that bitcoin is made to be cryptocurrency which is intended to be used online for faster transaction with no extra cost just like other remittance center. but still i want to try to use atm machine of bitcoin and to see how it works and whats the advantages of it.

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sir.humus
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January 22, 2017, 03:53:24 PM
 #3

In Israel we have a bitcoin ATM.

It's really simple, you just need to:
1. scan your wallet address barcod
2. put in some cash
3. aprove the transaction
4. wait for the transaction to your wallet

I think it should become more and more common everywhere in the world.
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January 22, 2017, 04:51:54 PM
 #4

in my country in local exchanger vip.bitcoin.co.id
in bali resident open bitcoi atm service
but iam not yet use service because diference resident in my domicile

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January 22, 2017, 05:45:51 PM
 #5

I have recently saw on news  that company EasyBit is installing 4 bitcoin ATM in Vietnam. And I was surprised two times. First was when I heard "Vietnam" and second that 60 bitcoin ATM already installed in different cities of the world. Of course I doubt that they will install such ATM in my little city soon, but I would like it to happen in anyway.

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January 22, 2017, 06:04:30 PM
 #6

if you would like to invest in an atm business of bitcoin, you should have a big investment on it, as small investment would not help you to earn big and cannot help you to run an atm machine for bitcoin. atm machines needs a big investment just to need to run there atm business. running an atm whould be hard as it requires you to have big amount of investment as proportional to your clients.
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January 22, 2017, 06:17:39 PM
 #7

Anyone in the bitcoin ATM business??
i'm not really understand with what you means but if you means is about build bitcoin ATM as a business i think you won't find in this forum however i was found very interesting site related your questions https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/ and there is some steps at there how build your own bitcoin ATM



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January 22, 2017, 11:19:43 PM
 #8

I saw some videos in youtube that they're using atm with bitcoin i wonder how far it goes. because i know its hard to if its have an atm machine. we all know that bitcoin is made to be cryptocurrency which is intended to be used online for faster transaction with no extra cost just like other remittance center. but still i want to try to use atm machine of bitcoin and to see how it works and whats the advantages of it.
i think bitcoin atm is a good adea. but currently it is not working properly, it will be more helpful when the users of bitcoin will increase, and in such situation atm machines will be more helpful.
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January 22, 2017, 11:39:59 PM
 #9

I ain't innerested inna business myself, but as a big black bitcoin connoisseur, I'd'a love ta be able ta buy some bitcoins muhammed atta ATM.  As it stands rite naw, y'all gotsta buy on this forum, an' mo-fo's around here is shady.  An' tha exchanges is shady too, so bein' able ta jist go to an ATM would be rite convenient.
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January 22, 2017, 11:44:43 PM
 #10

I saw some videos in youtube that they're using atm with bitcoin i wonder how far it goes. because i know its hard to if its have an atm machine. we all know that bitcoin is made to be cryptocurrency which is intended to be used online for faster transaction with no extra cost just like other remittance center. but still i want to try to use atm machine of bitcoin and to see how it works and whats the advantages of it.
i think bitcoin atm is a good adea. but currently it is not working properly, it will be more helpful when the users of bitcoin will increase, and in such situation atm machines will be more helpful.
Surely that would make things much easier. That way users would not need to rely on credit card to cash out. I know there are already Bitcoin debit card, the problem is that the rates are a bit high at the moment. More companies have to appear, so there's going to be more competition and rates are likely to decline.
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January 22, 2017, 11:49:09 PM
 #11

Anyone in the bitcoin ATM business??

Google it and you get a whole stack of hits.  i was actually thinking of setting one up myself in the future, these things could make a lot of money.
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January 23, 2017, 10:57:13 AM
 #12

In Israel we have a bitcoin ATM.

It's really simple, you just need to:
1. scan your wallet address barcod
2. put in some cash
3. aprove the transaction
4. wait for the transaction to your wallet

I think it should become more and more common everywhere in the world.
Funny!
Never saw that in fact, Never saw anything close to a BTC ATM

Do you know if it's something that even exists in Europe?
Might be because of regulations that it doesn't exist :/
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January 23, 2017, 04:04:49 PM
 #13

Why are you asking? What do you hope to get out of this thread?
If you're going to ask a question like this, at least follow up with some replies, otherwise this thread is just going to end up being used by signature spammers to add meaningless nonsense.


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January 23, 2017, 04:57:47 PM
 #14

here in our country, theres no such thing as that. but theres a same concept where you can store your bitcoins or you can sell or buy bitcoins in the help of atms. you can cashout thru cardless atms, they will just have the phone number and then they will send you a reference number and then you need to enter the reference number in the atm just to have it.
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January 23, 2017, 05:13:57 PM
 #15

I think there is on or two of those in my country but unfortunately I’m hundreds of miles away from them since they are located in the capital of my country, it will define telly will my life easier if there were bitcoin ATM's where I live since I will use them.
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January 24, 2017, 07:29:47 AM
 #16

Bitcoin atm is no longer new. It has been already for a year. One of the famous atm machine is the one located at Las Vegas and it was owned by the former Heavy Weight Boxing Chanpion of the World. He is no other than Mike Tyson the giant in the boxing ring has found a potention in bitcoin thus he set up bitcoin atm machine all across Las Vegas. In our country, Philippines, there is one bitcoin atm machine at Metro Manila and it is the first and only bitcoin atm machine in this country.
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January 24, 2017, 08:20:42 AM
 #17

I think there is on or two of those in my country but unfortunately I’m hundreds of miles away from them since they are located in the capital of my country, it will define telly will my life easier if there were bitcoin ATM's where I live since I will use them.
i do not understand how will it world i even do not ever seen its picture, actually i have no experience of such thing, although here are some shops who are accepting bitcoins for shopping but still there is no such ATM machines to be use for withdrawing bitcoins. i am really interested to have experience of such machine.
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January 24, 2017, 09:45:00 AM
 #18

Bitcoin atm from my country here is something I am not seeing us being ready for. Even the one for Fiat quite a number of people still having issues with it coupled with under efficiency of such ATMs currently and we now want to add the one for bitcoin to it? I guess it will be a total failure. Another is the issue of exchange rate and at what value will my bitcoin be exchange in case I want to withdraw by fiat is it going to be the official rate or its going to be the parallel rate?...
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January 25, 2017, 10:20:26 AM
 #19

In my country there are only two atm machines in the capital city but somebody can buy and other cryptos like as eth, ltc dash and dogecoin. One of them is two way; that is fiat to crypto and vice versa. It is very handy to use it and there is no need anyone to involve with documents about his identity like as when we use the bank for buy/sell the bitcoins. On the other side, imo, it has a high fee and this a deterrent factor where many people they don't prefer it for their transactions.
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January 25, 2017, 11:32:19 AM
 #20

ATM's were getting served as a major business recently after the trading, exchange and gambling website development. The initial cost for this seems huge, so that I don't think individuals are getting into this business. These were into the hands of Big companies who hold big funds for innovative investments.

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