Bitcoin Forum
September 22, 2018, 02:33:14 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: UK Members - Would you use a Bitcoin ATM?  (Read 362 times)
koiler
Full Member
***
Offline Offline

Activity: 200
Merit: 100


View Profile
October 18, 2017, 08:46:40 PM
 #1

Question to all UK members as per the title.

Doing a little research and am interested in gathering people's thoughts on it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537583594
Hero Member
*
Offline Offline

Posts: 1537583594

View Profile Personal Message (Offline)

Ignore
1537583594
Reply with quote  #2

1537583594
Report to moderator
1537583594
Hero Member
*
Offline Offline

Posts: 1537583594

View Profile Personal Message (Offline)

Ignore
1537583594
Reply with quote  #2

1537583594
Report to moderator
BlindMelon
Member
**
Offline Offline

Activity: 83
Merit: 10


View Profile
October 18, 2017, 09:50:42 PM
 #2

Off the bat i'd be game. However i'll need to do some actualy research first.
Hasn't one already opened in London?  Roll Eyes

▬▬▬▬▬▬▬▬▬▬   ★ ★ ★   THE 1776 CRYPTOCURRENCY TOKEN   ★ ★ ★   ▬▬▬▬▬▬▬▬▬▬
●   1776 WHITEPAPER   |   Claim 10 Free 1776   ●
▬▬▬▬▬▬▬▬▬▬   Freedom SOCIAL.  Freedom TUBE.  Freedom MARKET   ▬▬▬▬▬▬▬▬▬▬
saddampbuh
Legendary
*
Offline Offline

Activity: 1316
Merit: 1002



View Profile
October 18, 2017, 11:09:43 PM
 #3

no, i see btc as an investment not a thing for day to day use also our bank transfers are instant and free

Be radical, have principles, be absolute, be that which the bourgeoisie calls an extremist: give yourself without counting or calculating, don't accept what they call ‘the reality of life' and act in such a way that you won't be accepted by that kind of ‘life', never abandon the principle of struggle.
hownowbrowncow
Sr. Member
****
Offline Offline

Activity: 263
Merit: 250


View Profile
October 19, 2017, 08:43:52 AM
 #4

I imagine some would, they have obviously been useful in Canada and USA. Surprised UK doesn't have any yet.

                 ░▒▓▓▓▓▓▓▓▓▓▒▒░
           ░▒█████████████████████▒░
         ▓███████████████████████████▓░
      ░███████████████▓░▒███████████████░
     ▓██████████▓▓▒░        ▒▒▓▓██████████
   ░███▓                               ▒███▒
  ░████               ▒▒▒               ████▒
 ░█████░           ░███████░            █████▒
 ██████░          ░██      ██▒          ██████
░██████░          ██       ██           ██████▒
▓██████           ██░ ░   ░██           ███████
▓██████         ████████████████        ███████
▓██████        █████████████████        ███████
░██████▒       ███████████████       ░██████▓
 ███████       █████████████████       ▓██████
 ░███████       ████████████████      ▓██████▒
  ▒███████▒       ░ ░     ░ ░       ░███████▒
   ░████████▒                     ▒████████▒
     ▓████████▓░               ░▓█████████
      ░██████████▓░          ▓██████████░
         ▓██████████▒     ▒██████████▓░
           ░▒██████████▒▓█████████▓░
                 ░▒▓▓▓▓▓▓▓▓▓▒▒░
hilariousetc
Legendary
*
Offline Offline

Activity: 980
Merit: 1351


highly educated moran


View Profile
October 19, 2017, 08:53:14 AM
 #5

ATMs are great for newbies to get their hands on their first coins but I likely wouldn't use them due to the premiums and fees they charge.

no, i see btc as an investment not a thing for day to day use also our bank transfers are instant and free

Bank transfers aren't always free, especially to some exchanges.

I imagine some would, they have obviously been useful in Canada and USA. Surprised UK doesn't have any yet.

It does. There are several: https://coinatmradar.com/

bitjoin
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500



View Profile
October 19, 2017, 11:18:53 AM
 #6

Question to all UK members as per the title.

Doing a little research and am interested in gathering people's thoughts on it.

Yes i would use a bitcoin ATM in the UK.  The current one from me is about 100 miles which makes in too costly from petrol alone to ever bother with.  If there was 1 in ech city or town nationwide i would regularly use it.  Im guessing they only make decent profit in large uptrends else we would see more.

                   
                                            ███
                                  ░░░  █      █              
                          ░░░░        █      █   ░░░                    
                  ███░░░      ░      ███         ░░░███
                  ███        ░░     ░           ░         ███      
                ░░      ░░░       ░░      ░     ░░       ░
              ░░    ░░             ███    ░       ░░   ░░
                  ░░        ░░░   ███    ░         ░   ░
        ███      ░░░░░          ░░     ░      
      █      █                        ░     ░          ███
      █      █  ░░░░░                             █      █
        ███            ░░░     ███        ░░  █      █
                                   █      █  ░░        ███
              ░░         ░░░  █      █          
              ░███░░░         ███              ░
                ███                               ░░░
                    ░░░           ░          ███░ 
                        ░░░       ░    ░░░███
                           ░░░███░░░
                                 ███
▪ ◾ ▪ 
▪ ◾ ▪
▪ ◾ ▪
▪ ◾ ▪
▪ ◾ ▪

A Completely 
 Decentralized  
Trading Platform
[]

DExchange
WHITEPAPER.

▪ ◾ ▪ 
▪ ◾ ▪
▪ ◾ ▪
▪ ◾ ▪
▪ ◾ ▪
Twitter
Telegram
Facebook


mjglqw
Sr. Member
****
Online Online

Activity: 700
Merit: 390


https://coinsources.io/


View Profile WWW
October 19, 2017, 01:21:49 PM
 #7

I mean, whether or not I'm from UK or not, in my opinion bitcoin ATMs are great because of the publicity and popularity it somehow creates, but damn, those markup prices. What's the markup? like more or less 10%? Unless I'm not home and I'm super in a rush to get a hold of a few bitcoins(very unlikely), hell no. I'll stick to exchanges for now.

TryNinja
Hero Member
*****
Offline Offline

Activity: 770
Merit: 759


ChipMixer's Badge of Honor


View Profile
October 19, 2017, 02:02:32 PM
 #8

I mean, whether or not I'm from UK or not, in my opinion bitcoin ATMs are great because of the publicity and popularity it somehow creates, but damn, those markup prices. What's the markup? like more or less 10%? Unless I'm not home and I'm super in a rush to get a hold of a few bitcoins(very unlikely), hell no. I'll stick to exchanges for now.
There is a reason why they charge that much for a simple transaction[1].

Honesly, I would use it even if it's way more expensive than using an exchange for the same reason why I still use Bitcoin to buy game at Steam: People won't care about pushing Bitcoin further if there is a low demand for its use. No merchant will care to accept Bitcoin if everybody is just "nah, Bitcoin price will rise even more, so I'm not spending them" or "I can pay 10% extra to buy this with Bitcoin or just use my credit card"

[1] https://coinatmradar.com/blog/revenue-and-costs-of-running-a-bitcoin-atm/

mjglqw
Sr. Member
****
Online Online

Activity: 700
Merit: 390


https://coinsources.io/


View Profile WWW
October 19, 2017, 02:59:35 PM
 #9

I mean, whether or not I'm from UK or not, in my opinion bitcoin ATMs are great because of the publicity and popularity it somehow creates, but damn, those markup prices. What's the markup? like more or less 10%? Unless I'm not home and I'm super in a rush to get a hold of a few bitcoins(very unlikely), hell no. I'll stick to exchanges for now.
There is a reason why they charge that much for a simple transaction[1].

Honesly, I would use it even if it's way more expensive than using an exchange for the same reason why I still use Bitcoin to buy game at Steam: People won't care about pushing Bitcoin further if there is a low demand for its use. No merchant will care to accept Bitcoin if everybody is just "nah, Bitcoin price will rise even more, so I'm not spending them" or "I can pay 10% extra to buy this with Bitcoin or just use my credit card"

[1] https://coinatmradar.com/blog/revenue-and-costs-of-running-a-bitcoin-atm/

I understand that to put up a bitcoin ATM you would need all those requirements and all those costs. But still. I'm also a bitcoin user when paying for Steam games, even in the past when bitcoin was significantly cheaper, and also even knowing that it would rise in price. But I honestly wouldn't go out and buy from an ATM with a 10% markup if I can simply go to an exchange site in the comfort of my own home, especially as an individual that isn't close to being financially wealthy.

truthstalker
Full Member
***
Offline Offline

Activity: 137
Merit: 100


View Profile
October 19, 2017, 04:41:09 PM
 #10

A bitcoin ATM would be awesome here in the UK there was a meet up in London a few months back and one of the members was showing off his atm. Unfortunate he's run into some security issues of storing private keys and using them to verify the transaction with the atm.
alyssa85
Legendary
*
Offline Offline

Activity: 1288
Merit: 1056


View Profile
October 20, 2017, 10:36:46 AM
 #11

I'm in the UK and the answer is NO.

Bitcoin ATM fees are too high, it's better to buy your bitcoins on an exchange, especially as you can do it from the comfort of your home, and don't need to travel anywhere.

That said, I can see bitcoin ATMS springing up in airports and places like that, especially if retailers start accepting bitcoin and tourists want to top up their bitcoin wallets before they go on a spending spree.

saddampbuh
Legendary
*
Offline Offline

Activity: 1316
Merit: 1002



View Profile
October 21, 2017, 09:27:57 PM
 #12

Bank transfers aren't always free, especially to some exchanges.
i meant that bank transfers between uk banks are free, if exchanges want to charge you money to send money to them that's something else. never used a uk based exchange so haven't really looked into them.

Be radical, have principles, be absolute, be that which the bourgeoisie calls an extremist: give yourself without counting or calculating, don't accept what they call ‘the reality of life' and act in such a way that you won't be accepted by that kind of ‘life', never abandon the principle of struggle.
Kyraishi
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


Bountie- Do You Have Game?


View Profile
October 22, 2017, 05:21:49 AM
 #13

Question to all UK members as per the title.

Doing a little research and am interested in gathering people's thoughts on it.

Only if it's situated in a place that is convenient. And it's hard since you're not going to have a whole branch of ATMs, probably just 1 in the city or w/e. That sort of defeats the purpose of it all, since it's only going to be convenient for people that live near the city.

Also, if it's only for profit-making don't bother either, not many people are going to be using it unless somehow mass adoption happens overnight.

I personally just use localbitcoins for all my btc needs, never had an issue.

tora
Member
**
Offline Offline

Activity: 294
Merit: 13


View Profile
October 22, 2017, 07:31:56 AM
 #14

I would use it as it would allow fiat to buy bitcoin which does not happen on most exchanges.
koiler
Full Member
***
Offline Offline

Activity: 200
Merit: 100


View Profile
December 12, 2017, 09:03:08 AM
 #15

Planning on having this up and running by mid January next year.

Going to initially have the one BTM and it's going to the located within Birmingham (UK) with plans to soon expand with a few more installations.

If anyone knows any good potential locations for them to be installed then let me know!

The first machines will solely be for individuals to purchase bitcoin and it'll be a fixed rate of +7.5% which is cheaper than a lot of cash traders on Localbitcoins.
hilariousetc
Legendary
*
Offline Offline

Activity: 980
Merit: 1351


highly educated moran


View Profile
December 12, 2017, 09:13:11 AM
 #16

I'm actually thinking of opening up a brick and mortar retail business sometime next year and if I do I will definitely be putting a bitcoin ATM in it. Will be interesting to see if many people use it but hopefully it will garner quite a bit of interest because there's not many in the UK and especially up north. Does anyone have a list of companies that make them? Preferably European based. Need to start doing some research.

Potato Chips
Sr. Member
****
Offline Offline

Activity: 700
Merit: 333


あのね


View Profile
December 12, 2017, 10:29:44 AM
 #17

I'm actually thinking of opening up a brick and mortar retail business sometime next year and if I do I will definitely be putting a bitcoin ATM in it. Will be interesting to see if many people use it but hopefully it will garner quite a bit of interest because there's not many in the UK and especially up north. Does anyone have a list of companies that make them? Preferably European based. Need to start doing some research.

In that case here's a site where most manufacturers are listed: https://coinatmradar.com/manufacturers. There are other articles there that might be useful to you since you're planning on getting a bitcoin ATM so I suggest that you should spend some of your time to navigate the site.

To add on, Aside from the lack of awareness, bitcoin ATM machines didn't really boomed in my country because of the high fees so you might wanna adjust it.

Mind telling us what kind of business is it? What are you planning to offer? Just a suggestion, but I really think that a combination of a brick and mortar plus an e-commerce would be good.

p3ppymon
Sr. Member
****
Offline Offline

Activity: 518
Merit: 252


The First User-owned Exchange


View Profile
December 12, 2017, 11:33:52 AM
 #18

Off the bat i'd be game. However i'll need to do some actualy research first.
Hasn't one already opened in London?  Roll Eyes

There are a few actually. See here:
https://coinatmradar.com/city/92/bitcoin-atm-london-uk/

I bumped on one last night in a pub, looked at it and was pretty cool, but and sell. However, the spread beteeen what it offers and actual rates are outrageous. Hopefully, the scenario will improve globally.

          ▄███▄
       ▄████████
    ▄██████▀▀▀███
 ▄██████▀      ▀▀███▄
▀▀███████▄▄       ▀██▀
    ▀████████▄▄
       ▀█████████▄
          ▀▀████████▄
  ▄██▄▄       ▀▀███████▄▄
 ▀███▄▄      ▄██████▀
    ███▄▄▄██████▀
       ████████▀
          ▀███▀
Sobit


██
██
██
██
██
██
██
██
[
▄▄████████▄▄
▄███▀▀      ▀▀███▄
▄██▀              ▀██▄
▄██              ▄▄▄ ██▄
▄██         ▄▄▄██████  ██▄
██    ▄▄▄███████▀████   ██
██ ▀█████████▀ ▄████    ██
██    ▀████▀ ▄██████    ██
██       ▀ ▄███████     ██
▀██        ██▀█████    ██▀
▀██       █   ▀██    ██▀
▀██▄              ▄██▀
▀███▄▄      ▄▄███▀
▀▀████████▀▀
CN - EN
⬢  Twitter
⬢  Facebook
⬢  Reddit
]
aoluain
Sr. Member
****
Offline Offline

Activity: 574
Merit: 271


View Profile
December 12, 2017, 02:19:09 PM
 #19

Yea I would be open to using one too for sure but Im in ROI.
I guess I would be using it mostly for buying bitcoin with cash,
i assume this would be feasable?

i recon they will become more common as the demand increases.

koiler
Full Member
***
Offline Offline

Activity: 200
Merit: 100


View Profile
December 12, 2017, 04:46:11 PM
 #20

Off the bat i'd be game. However i'll need to do some actualy research first.
Hasn't one already opened in London?  Roll Eyes

There are a few actually. See here:
https://coinatmradar.com/city/92/bitcoin-atm-london-uk/

I bumped on one last night in a pub, looked at it and was pretty cool, but and sell. However, the spread beteeen what it offers and actual rates are outrageous. Hopefully, the scenario will improve globally.

What was the buy rate if you don't mind me asking?
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!