4Bergerfa
Newbie
 Offline
Activity: 42
Merit: 0
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May 16, 2018, 02:18:58 PM |
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You must google the main things and be sure if it is even allowed before installing.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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xIIImaL
Legendary
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Activity: 1372
Merit: 1005
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May 16, 2018, 03:28:21 PM |
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isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
There are plenty services available for this bro. If you really want to install you can just Google it find whoever doing this service in your country. Please refer the below to get the more information about the ATM Installation. https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/You must have the bank relationship to operate the Bitcoin ATM in your location. You may check the Bitaccess they are providing the service called BTM. https://www.bitaccess.co/buy-a-bitcoin-atm |
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s2sallbygrace
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May 16, 2018, 05:12:17 PM |
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Hello everybody! I am thinking to start my own business and I though that maybe an installation of the first Bitcoin ATM in my city would be good idea which can bring me good income. But I have no idea from where to start, so I am here to hear all ideas, experience and advices.
Thank you!
Putting up your own Btc ATM in your area is in fact a good idea to start a business, but I think you have to take considerations any legal issues before doing so. This is not a simple business and I guess there are lots of paper works, certications, business license that you need to go through your Btc ATM to legally operate in your City. Proper research is what you can do before you start putting up a business like that. |
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Daisy Smith
Newbie
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Activity: 14
Merit: 0
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May 17, 2018, 08:17:23 AM |
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Installing a bitcoin ATM is a great idea but I think it 's not easy to carry out. Because if you want to install them, you have to ask for permission of government; one more things, bitcoin have to be accepted and commonly used in your country.
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Aamir1
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May 21, 2018, 08:15:23 AM |
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Hello everybody! I am thinking to start my own business and I though that maybe an installation of the first Bitcoin ATM in my city would be good idea which can bring me good income. But I have no idea from where to start, so I am here to hear all ideas, experience and advices.
Thank you!
Wow, that would be quite a good business, but you first have to consider the government and their laws and whether Bitcoin is considered as illegal wherever you’re living. I once read a news article about how the FBI seized a Bitcoin ATM Machine in New York. I can’t remember how it really happened cause it has been a long time since I read it. |
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SolomonSollarsNSense
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May 21, 2018, 10:32:57 AM |
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isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
The Bitcoin ATM Machine is used in withdrawing Bitcoin as cash, that’s the only thing I know it can be used for– just to withdraw your Bitcoin into cash (fiat). It’s not available in my country, cause no one is interested in it yet, so I just sell to exchangers and get paid to my bank. The Bitcoin ATM has some. Heavy fees that are attached to it and you might like making use of it, but it’s still good. |
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mersal
Member
Offline
Activity: 1204
Merit: 38
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May 21, 2018, 01:42:31 PM |
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isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
The Bitcoin ATM Machine is used in withdrawing Bitcoin as cash, that’s the only thing I know it can be used for– just to withdraw your Bitcoin into cash (fiat). It’s not available in my country, cause no one is interested in it yet, so I just sell to exchangers and get paid to my bank. The Bitcoin ATM has some. Heavy fees that are attached to it and you might like making use of it, but it’s still good. I think bitcoin ATM's will be provided only if a government approves legal usage for bitcoin then bitcoin ATM's will definitely be installed on that place quickly. |
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buonty563
Jr. Member
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Activity: 189
Merit: 1
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October 10, 2018, 11:02:48 PM |
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that's what I wanted all this time, there was an ATM bitcoin machine, if you want to buy or sell bitcoin, you can live in the ATM, surely it will happen, hopefully 2 to 3 years can be a bitcoin ATM.
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beswaax
Copper Member
Jr. Member
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Activity: 70
Merit: 1
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October 11, 2018, 08:52:34 AM |
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Is it even profitable? Don't know much about the ATM business, and I'd imagine its the same for most people involved in crypto. What is the whole purpose of the ATM, and how exactly should it work? You keep BTC in your wallet and then people can buy it with fiat with a fee you keep for yourself or what?
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