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ripplehd1 (OP)
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April 07, 2018, 03:25:36 AM |
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So i dont have lots of money to spend, but how would i get a Bitcoin ATM in my local city centre without spending thousands?
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TepungBeras
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April 07, 2018, 03:30:39 AM |
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It's hard to get ATM bitcoi because the factor is still scarce, and in my area there is no ATM bitcoin either, maybe we can exchange our bitcoin through bitcoin market.
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aoihs00
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April 07, 2018, 03:32:46 AM |
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So i dont have lots of money to spend, but how would i get a Bitcoin ATM in my local city centre without spending thousands?
If bitcoin cost you money then surely you will have to invest that much before you can in place the same. What you can do is - 1. Partner with someone who is like minded and divide your investment funds. 2. Obviously this will get you same share of money back which you poured in. Thats the only option you have if you want to spare little money on it. Before that. . Check with the legality that you are allowed to have bitcoin ATM machine in your region. You will need lots of approval for this to set up. Its not like buying the car and putting for sale in the city centre! Isn't it. |
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Sar elok
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April 07, 2018, 03:38:14 AM |
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So i dont have lots of money to spend, but how would i get a Bitcoin ATM in my local city centre without spending thousands?
It's very difficult going for now. To establish ATM requires a bank or the guarantor authority in addition to the support from the local government. While the bitcoin is still being debated in some countries. |
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Ka4Rt4
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April 07, 2018, 03:59:46 AM |
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so it's hard to get the bitcoin ATM factor is still lacking and support from the state and government to realize the ATM is not very optimistic to realize it, while some countries are currently blaming bitcoin and making the topic so serious in his government.
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Newboybb
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April 07, 2018, 04:07:00 AM |
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I think the current ATM machine in bitcoin may be subject to policy issues, so I haven't seen it yet.
And bitcoin fees are high, and the confirmation rate is slow.
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AndrewBoltz
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April 07, 2018, 04:14:19 AM |
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If bitcoin cost you money then surely you will have to invest that much before you can in place the same.
What you can do is -
1. Partner with someone who is like minded and divide your investment funds.
2. Obviously this will get you same share of money back which you poured in.
Thats the only option you have if you want to spare little money on it.
Before that. .
Check with the legality that you are allowed to have bitcoin ATM machine in your region. You will need lots of approval for this to set up. Its not like buying the car and putting for sale in the city centre! Isn't it.
This dude is right. @OP how much would it cost to have a Bitcoin ATM machine? You also need to consider the security of your ATM, i'd rather choose a bitcoin swipe machine. I think it is much cheaper. |
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Omise_Arsyid
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April 07, 2018, 04:39:35 AM |
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I think don't need a ATM for BTC.We can trade or buy anything via my phone!
A new phone of blockchain of SirinLab company will change the world
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SUDARMONO
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April 07, 2018, 05:18:02 AM |
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To get a local ATM in the area is indeed difficult, and usually only available in urban centers, and we simply exchange our bitcoin in the market to earn money.
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ripplehd1 (OP)
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April 08, 2018, 04:16:22 PM |
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I was wondering if i could contact a company who supplies and fits ATMs and then i could get someone with me to set it up. We could share profits from it if we get a lot of customers.
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jonloner011
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April 09, 2018, 03:26:57 AM |
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Bitcoin ATM is still very little in quantity. It’s quite unlikely to settle a ATM in some place which doesn’t have that much users. Hope we will see much more ATMs for Bitcoin I recent future.
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teilwalL05
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April 09, 2018, 03:53:38 AM |
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Bitcoin ATM is still very little in quantity. It’s quite unlikely to settle a ATM in some place which doesn’t have that much users. Hope we will see much more ATMs for Bitcoin I recent future.
If the amount of demand for bitcoin in that place would sure surge I really think that there might be a bigger chance that a Bitcoin ATM will emerge But for now I really think the best way is to exchange your coins with a legal way towards banks in exchanging Crypto to Fiat, I really think there is no other way to use it if there are no direct transaction in your place or country at the moment, But I think in a couple of years more ATM that would allow to withdraw and deposit bitcoin will be available in the whole world. |
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syaripudin
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April 09, 2018, 04:07:47 AM |
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So i dont have lots of money to spend, but how would i get a Bitcoin ATM in my local city centre without spending thousands?
for now it will be very difficult to find ATM bitcoin because not many companies or government agencies think that far. This is because not too many people are interested in the withdrawal system of bitcoin assets using bitcoin ATMs so this does not really become a concern for the company or the government in terms of making bitcoin ATMs as pasilitas for withdrawal of bitcoin assets in each region. for now for bitcoin users will still be more interested in doing exchange in crypto market because this is of course easier to do. |
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virendarnagpal
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April 09, 2018, 05:17:24 AM |
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Installation of ATM on your own will be requiring big amount of investment. You will have to clear all the KYC/AML compliance policies, will have to obtain legal licence from the Governement as well as from the financial regulator of the country.
Another way to involve in BTC ATM one may find some person already involved in this business. If he is ready to install ATM in the locality of your requirement under partnership basis, it will be better for you as you will have to deposit lesser amount of investment and will be able to explore the expertise of the person already engaged in the business. That person will be knowing all the legal formalities and you will not find much difficulties in getting the license so better contact such person.
Also Bank account is must for running bitcoin ATM without which you may not even think of running such ATM. Also check the demand for bitcoin in the area you want to install bitcoin ATM. There must be sufficient number of Bitcoin users who are supposed to become your customers and if the number of customers are lesser you will be running a loss business. In order to gain some profit there must have to be sufficient users of the ATM because the charges recovered will be meeting the cost of running that ATM and any surplus earning will be going to your wallet as profit.
Also decide whether you want to install one way or two way aTM. One way ATM is only selling bitcoin but two way ATM is both buying as well as selling too and is much costlier that one way ATM.
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Tnt1971
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April 09, 2018, 05:33:34 AM |
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So i dont have lots of money to spend, but how would i get a Bitcoin ATM in my local city centre without spending thousands?
Bitcoin ATM Really is very important and effective system of bitcoin. Bitcoin is a online virtual currency which is increasing its reputation worldwide. So it is argent that bitcoin banking system in emargency. |
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Kakmakr
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April 09, 2018, 07:02:34 AM |
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It is one thing getting it installed, but it is a whole other story to keep it profitable. The Bitcoin price is relatively low at the moment and most people tend to hoard their coins, when the price is low. A BTC ATM needs a lot of transactions to remain profitable and this is currently more difficult to do.
If I may ask, how many merchants in the city centre accept Bitcoin as a payment option? You should go to them and find out what level of Bitcoin business are being done, before you invest into the BTC ATM.
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spyerf
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April 10, 2018, 05:03:42 AM |
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To get a local ATM in the area is indeed difficult, and usually only available in urban centers, and we simply exchange our bitcoin in the market to earn money.
that's true, because the presence of bitcoin atm already exists if the local government has approved and accepted bitcoin as a currency that can be used as a medium of exchange, and there are banks that manage it. while bitcoin itself is still debated by some countries. so while bitcoin liquefaction is done in the market for cash. |
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btcmura
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April 10, 2018, 05:06:19 AM |
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Check with the legality that you are allowed to have bitcoin ATM machine in your region. You will need lots of approval for this to set up. Its not like buying the car and putting for sale in the city centre! Isn't it.
So in places where there is bitcoin ATM installed, that cost is paid by individuals ? I thought that it is paid by the government of that country. |
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pluMmet
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April 10, 2018, 05:09:16 AM |
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Bitcoin atm would be very help because we would be very easy to take the money in bitcoin we and shopping of money from the bitcoin us, and we would not be difficult to dilute bitcoin us to the money
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Ulan01
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April 10, 2018, 05:17:12 AM |
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Bitcoin atm would be very help because we would be very easy to take the money in bitcoin we and shopping of money from the bitcoin us, and we would not be difficult to dilute bitcoin us to the money
yes that's true, it's just bitcoin atm only exist in countries that have verified the existence of bitcoin. while there are still many countries that have not received, even forbid it. this becomes difficult for bitcoin users in the country. |
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