Bitcoin ATM's | Bitcointalksearch.org

ranochigo

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Quote from: TheGrapist on March 05, 2015, 07:28:51 AM

Can anyone tell me what price does a Bitcoin ATM provides ?
Is it based on any market exchange price or just like LBC ?

Based on the backend, it can be configured to automatically get the rates from a specific exchange or average price of the exchanges. It Can also be configured to autobuy from exchanges and transferred to the wallet.

TheGrapist

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Can anyone tell me what price does a Bitcoin ATM provides ?
Is it based on any market exchange price or just like LBC ?

bitkilo

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Quote from: Ayers on March 05, 2015, 06:48:21 AM

that's cool, but it look too big?

The Lamassu one is tiny but its only a 1-way machine.
The Robocoin ATM is about the size of a normal bank atm, maybe a little bigger but that one is a 2 way bitcoin ATM.

Ayers

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Quote from: ChuckBuck on March 03, 2015, 05:42:28 PM

In the beginning, I think most Bitcoin ATM's were one way, like you can exchange Fiat for Bitcoins.

As technology progressed most of the recent models can handle 2 way transacting, fiat to BTC and BTC to fiat sorta like a mini exchange.

I think Lamassu and Robocoin have the most prevalent ones around.

https://lamassu.is/

https://robocoin.com/

that's cool, but it look too big?

bitkilo

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The Lamassu ones are the easiest to use by far, they do have KYC and AML features built in but last i checked it was up to the owner/operator weather they want to impliment them or not.

This will be a better option than bitcoin ATM i think, dispite the price you can use it to take out cash when needed from heaps of normal ATM, check it out.
https://bitcointalksearch.org/topic/2015-02-27-cs-coinjars-enables-australians-to-pay-with-bitcoin-debit-cards-971036

kepo07

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Quote from: HarmonLi on March 03, 2015, 09:31:22 AM

Quote from: randy8777 on March 03, 2015, 09:22:27 AM

Quote from: kepo07 on March 03, 2015, 05:39:50 AM

Quote from: Icardi09 on March 02, 2015, 08:32:16 PM

Quote from: manselr on March 02, 2015, 02:28:53 PM

Quote from: Icardi09 on March 02, 2015, 11:57:24 AM

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

It probably was the tested.com video. It drew a lot of negative advertisement for bitcoin. They need to work on the ATM and make them faster and less privacy intrustive, even tho I don't see a way around it in terms of not having to provide ID and hand scan... but its just so annoying and really creepy.

Yeah you're right, many negative comment after that. Hope in the future, btc atm will work faster than now. Agree! provide ID + hand scan is very annoying

they have only used one of the many Bitcoin ATMs available on the market. I personally have tried Lamassu and it worked pretty fast, less than 30 seconds after inserting the notes, i have the btc in my wallet.

aren't atms forcing first time users to verify themself?
i have seen a few that do need a lot personal information before using.

Depends on the jurisdiction, I guess. It all boils down to KYC (Know Your Customer) and AML (Anti Money Laundering) laws when it comes to those precautions. The ATM operators and companies sure don't like those things, as well, but they may have to comply to it by law.

Robocoins have ID verification turned on by default and cannot be turned off. In some parts of the world, you can exchange cash to BTC without verification.

ChuckBuck

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In the beginning, I think most Bitcoin ATM's were one way, like you can exchange Fiat for Bitcoins.

As technology progressed most of the recent models can handle 2 way transacting, fiat to BTC and BTC to fiat sorta like a mini exchange.

I think Lamassu and Robocoin have the most prevalent ones around.

https://lamassu.is/

https://robocoin.com/

wadili89

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they work just like normal atm machine but with your QR code and exchange money etc but i have not tried one yet because i dont have any in my country i hope to have one some day

HarmonLi

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Quote from: randy8777 on March 03, 2015, 09:22:27 AM

Quote from: kepo07 on March 03, 2015, 05:39:50 AM

Quote from: Icardi09 on March 02, 2015, 08:32:16 PM

Quote from: manselr on March 02, 2015, 02:28:53 PM

Quote from: Icardi09 on March 02, 2015, 11:57:24 AM

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

It probably was the tested.com video. It drew a lot of negative advertisement for bitcoin. They need to work on the ATM and make them faster and less privacy intrustive, even tho I don't see a way around it in terms of not having to provide ID and hand scan... but its just so annoying and really creepy.

Yeah you're right, many negative comment after that. Hope in the future, btc atm will work faster than now. Agree! provide ID + hand scan is very annoying

they have only used one of the many Bitcoin ATMs available on the market. I personally have tried Lamassu and it worked pretty fast, less than 30 seconds after inserting the notes, i have the btc in my wallet.

aren't atms forcing first time users to verify themself?
i have seen a few that do need a lot personal information before using.

Depends on the jurisdiction, I guess. It all boils down to KYC (Know Your Customer) and AML (Anti Money Laundering) laws when it comes to those precautions. The ATM operators and companies sure don't like those things, as well, but they may have to comply to it by law.

randy8777

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Quote from: kepo07 on March 03, 2015, 05:39:50 AM

Quote from: Icardi09 on March 02, 2015, 08:32:16 PM

Quote from: manselr on March 02, 2015, 02:28:53 PM

Quote from: Icardi09 on March 02, 2015, 11:57:24 AM

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

It probably was the tested.com video. It drew a lot of negative advertisement for bitcoin. They need to work on the ATM and make them faster and less privacy intrustive, even tho I don't see a way around it in terms of not having to provide ID and hand scan... but its just so annoying and really creepy.

Yeah you're right, many negative comment after that. Hope in the future, btc atm will work faster than now. Agree! provide ID + hand scan is very annoying

they have only used one of the many Bitcoin ATMs available on the market. I personally have tried Lamassu and it worked pretty fast, less than 30 seconds after inserting the notes, i have the btc in my wallet.

aren't atms forcing first time users to verify themself?
i have seen a few that do need a lot personal information before using.

kepo07

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Activity: 196

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Quote from: Icardi09 on March 02, 2015, 08:32:16 PM

Quote from: manselr on March 02, 2015, 02:28:53 PM

Quote from: Icardi09 on March 02, 2015, 11:57:24 AM

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

It probably was the tested.com video. It drew a lot of negative advertisement for bitcoin. They need to work on the ATM and make them faster and less privacy intrustive, even tho I don't see a way around it in terms of not having to provide ID and hand scan... but its just so annoying and really creepy.

Yeah you're right, many negative comment after that. Hope in the future, btc atm will work faster than now. Agree! provide ID + hand scan is very annoying

they have only used one of the many Bitcoin ATMs available on the market. I personally have tried Lamassu and it worked pretty fast, less than 30 seconds after inserting the notes, i have the btc in my wallet.

Icardi09

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Activity: 476

Merit: 250

Quote from: manselr on March 02, 2015, 02:28:53 PM

Quote from: Icardi09 on March 02, 2015, 11:57:24 AM

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

It probably was the tested.com video. It drew a lot of negative advertisement for bitcoin. They need to work on the ATM and make them faster and less privacy intrustive, even tho I don't see a way around it in terms of not having to provide ID and hand scan... but its just so annoying and really creepy.

Yeah you're right, many negative comment after that. Hope in the future, btc atm will work faster than now. Agree! provide ID + hand scan is very annoying

manselr

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Quote from: Icardi09 on March 02, 2015, 11:57:24 AM

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

It probably was the tested.com video. It drew a lot of negative advertisement for bitcoin. They need to work on the ATM and make them faster and less privacy intrustive, even tho I don't see a way around it in terms of not having to provide ID and hand scan... but its just so annoying and really creepy.

krigger

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Presale is live!

I saw it come in Poland. 1 Bitcoinomat, 2 way exchange.
Here is more info about it: http://bitcoinomat.pl (it's Poland language website).

Icardi09

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Merit: 250

is that bitcoin ATM need several minutes to withdraw money?
I saw in youtube video about withdrawing money from bitcoin ATM
i think it's annoying if we must stand in front of ATM to wait our money out

kepo07

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Activity: 196

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