[2014-01-22] - Wanted : Bitcoin ATM in Paris

SSOMM

newbie

Activity: 1

Merit: 0

Quote from: boumalo on May 04, 2014, 09:39:01 AM

Still no bitcoin atm in paris atm, anyone know of a project close to opening one in paris?

I have imported a RobcoinKiosk to Paris. It's an ATM that allows for two-way transactions (https://roboco.in/).
Right now it's sitting in a garage.

I m looking to sell it or rent it out. So if anyone's interested hit me up..

lovegood

newbie

Activity: 56

Merit: 0

It is great news! IMO, Paris is one of the best city for start spreading of the Bitcoin ATM through the country

open-mind

newbie

Activity: 98

Merit: 0

It is interesting this ATM will be available for 24 hours a day?

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: bryant.coleman on June 17, 2014, 09:39:11 AM

Quote from: EricKennedy on June 17, 2014, 04:55:18 AM

The commission includes a 20% VAT, so 10% is in fact 8% net.

A physical desk service is not to be compared to an online market place, the service is not the same. It is more like Local Bitcoin, where fees are usually 10%, but in a secure facility and without the hassle of having to organize meetings with strangers.

But even 8% is much higher when compared to the fees charged by the other ATMs. For example, Quadriga CX charges just 3% on their Skyhook ATMs, which are installed in various Canadian cities.

The fee is 6-10% and it is a desk service not an ATM

3% no matter how much is exchanged? It seems very competitive, what exchange are they using?

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: EricKennedy on June 17, 2014, 04:55:18 AM

The commission includes a 20% VAT, so 10% is in fact 8% net.

A physical desk service is not to be compared to an online market place, the service is not the same. It is more like Local Bitcoin, where fees are usually 10%, but in a secure facility and without the hassle of having to organize meetings with strangers.

But even 8% is much higher when compared to the fees charged by the other ATMs. For example, Quadriga CX charges just 3% on their Skyhook ATMs, which are installed in various Canadian cities.

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: EricKennedy on June 17, 2014, 04:55:18 AM

Quote from: bryant.coleman on June 16, 2014, 01:08:39 PM

A 10% fee is extremely high. May be the EU tax rates kicked in, on top of the French taxes. Bulk buyers might better travel to some other country (such as Switzerland) to buy their coins. Grin

The commission includes a 20% VAT, so 10% is in fact 8% net.

A physical desk service is not to be compared to an online market place, the service is not the same. It is more like Local Bitcoin, where fees are usually 10%, but in a secure facility and without the hassle of having to organize meetings with strangers.

If you buy 500euros then you buy 500euros again, the second time your fee will be 9%

You have a service : coming with cash and getting bitcoins easily and you have to compare it with the fees you pay when you use an exchange and the hassle to be verified : on bitstamp you will pay a fee of 0.5% rounded up to the nearest second decimal in bitcoins so if you buy 0.3BTC you will pay 0.01BTC fee which is 3.3% and you will lose some money during the exchange from Euro to Dollar

You will obviously save a lot of money using an exchange compared to buying at a desk service or ATM

EricKennedy

sr. member

Activity: 360

Merit: 250

CEO, Ledger

Quote from: bryant.coleman on June 16, 2014, 01:08:39 PM

A 10% fee is extremely high. May be the EU tax rates kicked in, on top of the French taxes. Bulk buyers might better travel to some other country (such as Switzerland) to buy their coins. Grin

The commission includes a 20% VAT, so 10% is in fact 8% net.

A physical desk service is not to be compared to an online market place, the service is not the same. It is more like Local Bitcoin, where fees are usually 10%, but in a secure facility and without the hassle of having to organize meetings with strangers.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

A 10% fee is extremely high. May be the EU tax rates kicked in, on top of the French taxes. Bulk buyers might better travel to some other country (such as Switzerland) to buy their coins. Grin

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: EricKennedy on June 04, 2014, 02:55:54 PM

Lamassu Bitcoin ATM is live and operating in Paris, at La Maison du Bitcoin (35 rue du Caire, 75002 Paris).
Fees are 10%-6%, depending on cumulated volume.
More details --> http://lamaisondubitcoin.fr/change

Video of the ATM and the premises
http://www.lepoint.fr/video/video-le-distributeur-de-bitcoins-28-05-2014-1828813_738.php

It is a live desk and here are the fees for cumulative 12months volume :

de 0 à 500 € : 10%
de 500 € à 1,500 € : 9%
de 1,500 € à 3,000 € : 8%
de 3,000 € à 5,000 € : 7%
de 5,000 € à 10,000 € : 6.5%
plus de 10,000 € : 6%

You need a valid ID to purchase

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: EricKennedy on June 04, 2014, 02:55:54 PM

Lamassu Bitcoin ATM is live and operating in Paris, at La Maison du Bitcoin (35 rue du Caire, 75002 Paris).
Fees are 10%-6%, depending on cumulated volume.
More details --> http://lamaisondubitcoin.fr/change

Video of the ATM and the premises
http://www.lepoint.fr/video/video-le-distributeur-de-bitcoins-28-05-2014-1828813_738.php

That's great news to hear and glad to hear a request was filled

Vive French ATM's

EricKennedy

sr. member

Activity: 360

Merit: 250

CEO, Ledger

Lamassu Bitcoin ATM is live and operating in Paris, at La Maison du Bitcoin (35 rue du Caire, 75002 Paris).
Fees are 10%-6%, depending on cumulated volume.
More details --> http://lamaisondubitcoin.fr/change

Video of the ATM and the premises
http://www.lepoint.fr/video/video-le-distributeur-de-bitcoins-28-05-2014-1828813_738.php

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: polunna on May 06, 2014, 12:13:55 AM

Quote from: razibuzouzou on May 04, 2014, 12:07:56 PM

A bitcoin ATM may be available in Paris at La Maison du Bitcoin ; grand opening on May 13th

I'm very glad! I will be in Paris next week so I hope I can try out new ATM Roll Eyes

Come back telling us your experience here

3800 new bitcoins everyday, only a fraction arrive on the exchanges but Bitcoin needs to grow for the price to grow, ATMs can help tremendously

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Muller84 on May 06, 2014, 05:50:03 AM

i remember that one guy was arrested in France because he was talking about bitcoin with his friend. Did they change policy Roll Eyes

Talking about this?

https://thebitcoinnews.co.uk/2014/05/05/french-customs-arrested-me-for-saying-the-word-bitcoin/

lol... that was horrible.

Muller84

newbie

Activity: 6

Merit: 0

i remember that one guy was arrested in France because he was talking about bitcoin with his friend. Did they change policy Roll Eyes

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: pabpete on May 04, 2014, 12:25:29 PM

We need more in USA.

8 of them already there... but people don't feel the need to go to the ATMs, as so many fiat-to-Bitcoin exchanges are already operating out of the US. Also, there are more legal troubles in the US to establish a Bitcoin ATM, when compared to Canada.

polunna

newbie

Activity: 57

Merit: 0

Quote from: razibuzouzou on May 04, 2014, 12:07:56 PM

A bitcoin ATM may be available in Paris at La Maison du Bitcoin ; grand opening on May 13th

I'm very glad! I will be in Paris next week so I hope I can try out new ATM Roll Eyes

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: bryant.coleman on May 04, 2014, 02:05:32 PM

Quote from: razibuzouzou on May 04, 2014, 12:07:56 PM

A bitcoin ATM may be available in Paris at La Maison du Bitcoin ; grand opening on May 13th

Yes. The news is confirmed. A Lamassu bitcoin ATM is planned for the La Maison du Bitcoin, Paris. I don't know when is the inauguration. It has been postponed multiple times already.

They don't talk about an ATM on the website http://lamaisondubitcoin.fr/home but they talk about one here http://www.coindesk.com/europes-first-bitcoin-centre-open-france/

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Nice to hear this is getting an update request
French ATM

erono

sr. member

Activity: 434

Merit: 250

If there is a Bitcoin ATM in Paris, any info on how exchange rates are defined? Bitstamp euro rate?? Bitcoin is primarily that it is decentralized no fees paid to anyone else and can't be shut down.

fancyboy

newbie

Activity: 20

Merit: 0

Quote from: pabpete on May 04, 2014, 12:25:29 PM

We need more in USA.

Indeed! And even better to have ATM in other countries too to be able to change it when you travel abroad !
Nice to hear that there'd one in Paris.

Topic: [2014-01-22] - Wanted : Bitcoin ATM in Paris (Read 2790 times)