Bitcoin ATM in India ?

[Ecdoge]

Yes maybe take time but it will come soon.

[uheredia]

If you are on vacation here is a map of BTC ATMs aroud the world, find the one is near to you...

http://bitcoinatmmap.com/find-bitcoin-atm-locator/

[Rago]

NO BITCOIN ATM HERE IN INDIA

[xdrpx]

Setting up a Bitcoin ATM might be risky and probably not so profitable considering that you purchase the Bitcoin ATM machine using Bitcoins. But that's not an issue at all, the real issue is getting the right permissions as a private ATM operator. Normally banks setup the ATM's and have permissions from RBI with security. Unlike abroad where smaller private companies can setup their own ATM machines, such facilities are hard to obtain here. Also the costs of buying and maintaining an ATM machine with security are high and the returns might be low considering low Bitcoin users.

[buddycool]

Frst of all Indians are not familiar with btc, so how can we expect atms here... Many people here might even have not heard the word called btc ever...  Now slowly as we are raising our knowledge,  it is definitely going to take a lot of time for a btc atm to start in India.. And that too wil have a lot of feess and charges I guess...

[Wapinter]

Is there a Bitcoin ATM or BTM in India ?

Would love see one in Banglore and Kerala ( due to remittance market )

I would like to know the opnions from community members


Thanks

Unless bitcoin become mainstream,btm is a distant dream.There are few btm in US,Japan and in Europe where percentage of bitcoin users are far more than in India how can we expect any btm in India unless RBI explicitly accept bitcoin as currency

[Pk880058]

I think that till government is not clear about Bitcoin technology and its fundamental we wont get ATM or BTM in India. This is all because of the Politician game, they dont want Bitcoin to take over the indian market. But it will come to India but it will take time.

[buddycool]

I think that till government is not clear about Bitcoin technology and its fundamental we wont get ATM or BTM in India. This is all because of the Politician game, they dont want Bitcoin to take over the indian market. But it will come to India but it will take time.

For the current payment processors like paypal, rbi has some strict rules.. We Indians can't use the money in paypal and it will get auto-withdrawn to our bank account. ..
So, at this time, there is no scope for btc or btc atms...
We can exchange online for bank deposit but not atms...

[btcdevil]

I think that till government is not clear about Bitcoin technology and its fundamental we wont get ATM or BTM in India. This is all because of the Politician game, they dont want Bitcoin to take over the indian market. But it will come to India but it will take time.

For the current payment processors like paypal, rbi has some strict rules.. We Indians can't use the money in paypal and it will get auto-withdrawn to our bank account. ..
So, at this time, there is no scope for btc or btc atms...
We can exchange online for bank deposit but not atms...

I dont know about Paypal, but it is true that still RBI has not given any clarification on Bitcoins and still its position is in doubt, so till their is not any clarification on Bitcoins Technology in India , we cannot expect Bitcoin ATM in India. and it is right that we can do bank transaction but that too it will be some problem if you deal in big transactions.

[btvGainer]

......we can do bank transaction but that too it will be some problem if you deal in big transactions.

Is it your assumption or do you have any example to cite to back up your comment?
What do you consider big transaction?Do you mean selling 100 btc or just 1 btc would also be considered a big transaction?

[mynameisdon]

Is there a Bitcoin ATM or BTM in India ?

Would love see one in Banglore and Kerala ( due to remittance market )

I would like to know the opnions from community members


Thanks

ATM in India is established only with RBI's permission.

so suppose I want to set up a bitcoin atm in Delhi, so will I need to take permission from the government first?
do you know from wherecan I buy a bitcoin machine?

what do you mean by bitcoin machine??
and yes you must have to take permission from government before installing bitcoin atm.