bitcoin atm

[Lovethecoins]

What you think about opening an atm? Think this would be a good profitable investment? Do you trust the machine? Also if you had a atm in your town would you use it.

[Lovethecoins]

Anything?

[Haidang1796]

it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker

[Lovethecoins]

Would you use one if it became available?

[blodyx]

I would use it!

[hilariousandco]

it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker

Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines.

Would you use one if it became available?

Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium.

[Lovethecoins]

5% sounds like the general... I realize that is a little high

[Haidang1796]

it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker

Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines.

Would you use one if it became available?

Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium.

I'd use it though.
because it worth more than other currency, I mean it's more money right?

[hilariousandco]

it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker

Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines.

Would you use one if it became available?

Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium.

I'd use it though.
because it worth more than other currency, I mean it's more money right?

How is it more money exactly? It'll probably be less if you withdraw $10 of Bitcoin and have to pay a premium commission on that.

[waqas]

mostly peoples don't like to use atm for bitcoin because of high commission and some other problems

[Kiki112]

it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker

then how do usual ATMs work

just set up a camera and put in somewhere with a lot of people

[FlyForFun]

What you think about opening an atm? Think this would be a good profitable investment? Do you trust the machine? Also if you had a atm in your town would you use it.

Its risky but I heard the latest ATM would only cost about $1000 which is quite worth for investment.

[Lovethecoins]

I have a friend who is really interested in adding one for the city

Looking at all legal issues first

[E.exchanger]

They are already implemented in china. And getting them installed across your city would be dependent on many factors like is you government fine with bitcoins including the financial authorities, Also it would be better to take a quick survey on how many people actually use bitcoin in your area as you don't want to be the only person using that ATM . 

[sanjoea]

If you get a card you can withdraw from any atm, like from bitplastic

[erono]

you may need to guard the atm.

[roslinpl]

you may need to guard the atm.

Indeed
Security would be needed in many cases

Imagine BTC atm at Brixton.

[Triswardhani]

Maybe I am a little stupid .... but bitcoin atm? will shape how the physical form of bitcoin which is out of the atm? LOL 

[softron]

Sounds nice but what is the current fee structure.