Author

Topic: bitcoin atm (Read 719 times)

full member
Activity: 210
Merit: 100
March 21, 2014, 12:54:14 PM
#19
Sounds nice but what is the current fee structure.
full member
Activity: 168
Merit: 100
Lithium core developer
March 21, 2014, 10:22:16 AM
#18
Maybe I am a little stupid .... but bitcoin atm? will shape how the physical form of bitcoin which is out of the atm? LOL  Grin
legendary
Activity: 2212
Merit: 1199
March 21, 2014, 05:30:57 AM
#17
you may need to guard the atm.

Indeed Smiley
Security would be needed in many cases Tongue

Imagine BTC atm at Brixton.
sr. member
Activity: 434
Merit: 250
March 21, 2014, 03:58:56 AM
#16
you may need to guard the atm.
full member
Activity: 154
Merit: 100
March 21, 2014, 03:55:27 AM
#15
If you get a card you can withdraw from any atm, like from bitplastic
hero member
Activity: 714
Merit: 500
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March 20, 2014, 05:01:52 PM
#14
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 . 
hero member
Activity: 658
Merit: 500
January 22, 2014, 04:39:35 PM
#13
I have a friend who is really interested in adding one for the city Smiley

Looking at all legal issues first Smiley
sr. member
Activity: 243
Merit: 250
January 22, 2014, 09:16:40 AM
#12
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.
full member
Activity: 196
Merit: 101
January 22, 2014, 07:40:52 AM
#11
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 Undecided

then how do usual ATMs work Cheesy

just set up a camera and put in somewhere with a lot of people Smiley
sr. member
Activity: 378
Merit: 250
January 22, 2014, 07:35:27 AM
#10
mostly peoples don't like to use atm for bitcoin because of high commission and some other problems
global moderator
Activity: 4018
Merit: 2728
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January 22, 2014, 06:40:02 AM
#9
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 Undecided

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.
member
Activity: 84
Merit: 10
January 22, 2014, 03:45:15 AM
#8
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 Undecided

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?
hero member
Activity: 658
Merit: 500
January 21, 2014, 03:03:06 PM
#7
5% sounds like the general... I realize that is a little high
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
January 21, 2014, 05:16:57 AM
#6
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 Undecided

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.
newbie
Activity: 42
Merit: 0
January 21, 2014, 05:09:43 AM
#5
I would use it!
hero member
Activity: 658
Merit: 500
January 21, 2014, 03:32:37 AM
#4
Would you use one if it became available?
member
Activity: 84
Merit: 10
January 21, 2014, 03:30:24 AM
#3
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 Undecided
hero member
Activity: 658
Merit: 500
January 21, 2014, 03:27:30 AM
#2
Anything?
hero member
Activity: 658
Merit: 500
January 21, 2014, 12:27:27 AM
#1
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.
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