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Author Topic: What coins will be the best choice to add to crypto ATM?  (Read 398 times)
jetcrypto (OP)
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March 23, 2018, 08:55:16 AM
Last edit: March 23, 2018, 11:53:32 AM by jetcrypto
 #1

We have developed crypto kiosk to sell 8 cryptocoins: Bitcoin, Ethereum, Dash, Ripple, Monero, Ethereum Classic, Lightcoin, Nem. We want to add 2 coins more. What coins will be the best choice to add to kiosk?  Our kiosk is www.trovemat.com
Winderer
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March 24, 2018, 09:23:06 AM
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 #2

Add BCash, write news about how many people withdraw BTC comparing to BCash, then remove BCash... It's all about PR Wink
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March 24, 2018, 12:55:30 PM
 #3

We have developed crypto kiosk to sell 8 cryptocoins: Bitcoin, Ethereum, Dash, Ripple, Monero, Ethereum Classic, Lightcoin, Nem. We want to add 2 coins more. What coins will be the best choice to add to kiosk?  Our kiosk is www.trovemat.com

Lightcoin or LiteCoin {LTC}?  Roll Eyes -- https://coinmarketcap.com/currencies/litecoin/ .... I know there is a LightChain, but I

doubt that you would be supporting that.  Wink .... A lot of people still have some Zcash  {ZEC} and Dogecoin  {DOGE} if you

want to go that way.  Grin .... or you could go for one of the coins linked to Adult entertainment, because that is a massive

market. --->  https://www.coindesk.com/playboy-tv-to-accept-crypto-payments-for-exclusive-adult-content/ and they use

Vice Industry Token (VIT)  Wink

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March 25, 2018, 03:00:51 AM
 #4

I would suggest NEO and XLM. These are large volume coins and included as well in the top 10 in terms of market capitalization.

If possible in the future, maybe you can add more coins so that it would be easy for the people to have access to those coins. Eventually when people are more aware of cryptocurrencies, ATMs would be a go to even if the fee is quite high because it is easily accessible especially if they need it immediately.

I hope in the future more crypto ATMs will be built in our country because there would be more exposure because at the moment, the ATMs existing can be counted by my hands.

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cheefbuza
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March 25, 2018, 07:59:07 AM
 #5

I believe USDT will be a great option.
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March 25, 2018, 10:10:36 AM
Last edit: March 26, 2018, 10:25:47 AM by nc50lc
 #6

I remembered something like that was installed (far from my vicinity) in my Country.
It didn't go well, but don't be discouraged by that.

As for the choices, having eight is good enough.
Start by the coins that Coinbase offers like Bitcoin, Ethereum, Lightcoin and Bitcoin Cash; then add the most-anticipated additions by the customers.

Your final choices will depend on where do you intended to install those ATMs, for US stick to the "coinbase list".
It's an ATM so, expect a non-crypto-person to be curious to that "new tech" of yours, the closest service they can get is coinbase, so it would be wise to have coins available to it added in your machine.
For Japan, add Monacoin.

Regards.

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orions.belt19
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March 25, 2018, 12:56:05 PM
 #7

It may be best to first determine which coins are mostly used at the area where you plan to put up your crypto ATM. You may conduct a survey or check out top 10 coins from exchanges. It's better to first find out which would best cater to your consumers. Providing more options is also better. Maybe you should partner up with other wallets or exchanges to expand your reach of consumers.

 I think that you already have a fair number of coins which I believe are commonly used and owned by most crypto users.
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March 25, 2018, 02:13:53 PM
 #8

It may be best to first determine which coins are mostly used at the area where you plan to put up your crypto ATM. You may conduct a survey or check out top 10 coins from exchanges. It's better to first find out which would best cater to your consumers. Providing more options is also better. Maybe you should partner up with other wallets or exchanges to expand your reach of consumers.

 I think that you already have a fair number of coins which I believe are commonly used and owned by most crypto users.

Top 10 coin will be the wiser choice since they are in good ranking which have huge community of holders so provably if the top 10 coin will be added on existence in his crypto atm then I'm sure that Op wi get huge awareness about his business by the crypto holders by itself.

Goodluck and be wise upon adding some coin since your faith will be determinine to the people who use your atm business.

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jetcrypto (OP)
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March 26, 2018, 07:51:58 AM
 #9

Add BCash, write news about how many people withdraw BTC comparing to BCash, then remove BCash... It's all about PR Wink
Thanks for your idea, but we are considering long-run benefits. Why not Mazacoin? Wink
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March 26, 2018, 09:59:21 AM
 #10

I believe USDT will be a great option.

He says Crypto, that's fiat...

Thanks for your idea, but we are considering long-run benefits. Why not Mazacoin? Wink
What's the reason that you wanted to add 2 more cyptos?
Most ATMs only deal with Bitcoin, and I'm pretty sure 8 is more than enough for ATM machine.
Nonetheless, Doge is a great option, it's been in the community for years now and they deserve more recognition.
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March 26, 2018, 10:21:20 AM
 #11

Nonetheless, Doge is a great option, it's been in the community for years now and they deserve more recognition.
+1 to this.
Seriously, why did I miss that in my previous reply? [l]

But take note, by saying Doge, he meant "Dogecoin", in case of any misdirection (there are tons of fake Doge in the wild),
the coins we're talking about and the ones you are looking for might be different, judging because of the way you spell Litecoin, just saying.

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March 26, 2018, 01:08:46 PM
 #12

I believe USDT will be a great option.

He says Crypto, that's fiat...

Thanks for your idea, but we are considering long-run benefits. Why not Mazacoin? Wink
What's the reason that you wanted to add 2 more cyptos?
Most ATMs only deal with Bitcoin, and I'm pretty sure 8 is more than enough for ATM machine.
Nonetheless, Doge is a great option, it's been in the community for years now and they deserve more recognition.

USDT is a crypto backed by fiat, but it's crypto after all and very necessary due to its stability.
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March 26, 2018, 01:44:36 PM
 #13

If I understood correctly this machine(ATM) is only for purchases of crypto,not for sale?It would be great that there is also second option so that user can sell crypto for fiat,but I realize that in this way from a technical point of view, the situation is somewhat simpler for the owner(there is no need to add fiat in machine).

I see you offer new ATM at price 3449$,but also refurbished for 1999$,can you explain from where you get refurbished ATM and why shipping is takes 3 month with only 2 week warranty?

Regarding coins,you add 8 well-known coins in this moment-so if you look in top 20 or 25 coins on coinmarketcap it will not be easy to choose two more coins.Perhaps I could recommend to check Nano(ex. RaiBlocks),and maybe NEO and IOTA deserve to be taken into consideration.

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March 27, 2018, 10:01:00 AM
 #14

Most ATMs only deal with Bitcoin, and I'm pretty sure 8 is more than enough for ATM machine.
The thing is that some coins are popular, yet it will take some effort to buy it.
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March 27, 2018, 07:38:43 PM
 #15

I don't think you should really consider adding more coins.
You have more than enough. Now the only thing is to do is market to the people.
Don't focus on quantity, go for the quality. Good luck tho!

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March 28, 2018, 08:41:44 AM
 #16

I don't think you should really consider adding more coins.
You have more than enough. Now the only thing is to do is market to the people.
Don't focus on quantity, go for the quality. Good luck tho!

Thanks for the reply.

We constantly improve our Trovemat crypto kiosk to meet the needs of every customer.

As shown by our "crypto self-service" market reseach , all features we already implemented are enough to fulfil almost any use cases related to these type of devices, including:
- earnings using commission fees to sell crypto
- effective channel for receiving cash for miners
- device to sell ICO tokens during tokensales
 
New opportunities for our product development we see in transformation into platform, which our clients can use to sell and buy any crypto assets. 
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March 28, 2018, 11:56:16 AM
 #17

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March 29, 2018, 06:11:27 PM
 #18

I see you offer new ATM at price 3449$,but also refurbished for 1999$,can you explain from where you get refurbished ATM and why shipping is takes 3 month with only 2 week warranty?

Hi, we get it from ATM manufacturers, we do not refurbish ourselves. The shipping takes up to 3 months because sometimes there is a shortage of refurbished ATMs, usually shipping takes up to 1.5 month. Limited warranty for 2 weeks means that some components used in this ATMs have no factory warranty whatsoever, so we can guarantee it will work for years. However, sometimes we do extended warranty for refurbished ATMs up to 6 months for bulk buyers.
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April 02, 2018, 09:37:22 AM
 #19


[/quote]

USDT is a crypto backed by fiat, but it's crypto after all and very necessary due to its stability.

[/quote]

For example, USDT withdrawal from Poloniex cost 25USDT for one operation. Very expensive. Furthermore. Even withdrawal from the official USDT wallet costs $20. And can make only two withdraw operation per day.
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April 02, 2018, 09:45:01 AM
 #20

NEO TRON imo
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