Topic: Setting up a bitcoin ATM, what location do you propose? (Read 1488 times)
In my city there is no any ATM, but thanks God I am living in the city of sensible people , when I set an ATM at there, people will ask about that and will try to learn about bitcoin, and if find it beneficial they will adopt it.
If I was you, I'd place it in the most popular place of your country/city. This means higher chances more people will use the ATM. By "popular" I'm not talking about places where people come and stay a few hours before they leave, because you need traffic around the ATM, not just people standing there for hours before other people come.
i think the ATM machine should be place in such a location where every one have an easy approach. i think that will make the use of bitcoin very easy. i will regularly use bitcoin ATM.
It would only make sense to place such a machine if there are bitcoin shops around. If you are in a mall, then what's the reason to buy bitcoins at an ATM, if you cant spend it.
Also there are many sites where you can buy coins without any risk.
You need to understand that BTMs for now are not really fulfill the same role as ATM - it is more of a promotional gadget that serious machine people would use daily to buy Bitcoin.
Treat it more like mechanical billboard. So the only solution here is to place BTM high exposure area.
Here is a distribution of top 10 location types out of all bitcoin ATMs worlwide now:
Hope it helps.
| Place type | % of all BTM locations |
| Supermarket/food store/Deli | 14% |
| Restaurant/Pizzeria | 13% |
| Cafe/Coffee Shop/Gelateria | 7% |
| Shopping Mall | 7% |
| Cigar Tobacco Shop | 6% |
| BTC Embassy/company office | 5% |
| Computer/Mobile/Electronics/Games | 5% |
| Bar/Pub | 5% |
| Hackerspace/workspace | 4% |
| Forex/Money Services | 4% |
Hope it helps.
i think the ATM machine should be place in such a location where every one have an easy approach. i think that will make the use of bitcoin very easy. i will regularly use bitcoin ATM.
It would only make sense to place such a machine if there are bitcoin shops around. If you are in a mall, then what's the reason to buy bitcoins at an ATM, if you cant spend it.
Also there are many sites where you can buy coins without any risk.
i think the ATM machine should be place in such a location where every one have an easy approach. i think that will make the use of bitcoin very easy. i will regularly use bitcoin ATM.
so, in my country there are only 3-4 of them, in my City only 1 until now, for now we are probably going with a Caffe for security, trying to get something near the main bus station because of a high number of 20-35 year old's arriving here by bus, about 1,5 mil per year, 1 mil during summer only, we would like to have it at the station itself but we hear the rent is huge
so, any suggestions? and general tips if you've had your own two-way atm's
so, any suggestions? and general tips if you've had your own two-way atm's
I would suggest you put it in a accesible public place of a government office (mayor's office.)
For strategic purpose. it somehow give an impression that the government is supporting Bitcoin and will attract lots of businessman and othe capable people. An educational demonstration can be done on how to operate it. 
You can never go wrong next to a college. At the best, a decent IT or computer science department would be all over that and give you some traffic, along with some business majors that are into trading cryptos. Worst case, you will have a convenient place for campus heads to come buy bitcoin for their dark market pot orders. Either way, you will profit 
so, in my country there are only 3-4 of them, in my City only 1 until now, for now we are probably going with a Caffe for security, trying to get something near the main bus station because of a high number of 20-35 year old's arriving here by bus, about 1,5 mil per year, 1 mil during summer only, we would like to have it at the station itself but we hear the rent is huge
so, any suggestions? and general tips if you've had your own two-way atm's
so, any suggestions? and general tips if you've had your own two-way atm's
i think maybe you should set up that in some strategice like train station and shopping malls. for both security and customer purposes. what country is yours OP? i hope that there will a bitcoin atm here in philippines so that we can withdraw easily..
so, in my country there are only 3-4 of them, in my City only 1 until now, for now we are probably going with a Caffe for security, trying to get something near the main bus station because of a high number of 20-35 year old's arriving here by bus, about 1,5 mil per year, 1 mil during summer only, we would like to have it at the station itself but we hear the rent is huge
so, any suggestions? and general tips if you've had your own two-way atm's
so, any suggestions? and general tips if you've had your own two-way atm's
i think maybe you should set up that in some strategice like train station and shopping malls. for both security and customer purposes. what country is yours OP? i hope that there will a bitcoin atm here in philippines so that we can withdraw easily..
In my city there are no bitcoin ATMs but we have water ATM, Milk ATM, Ticket ATM. It’s good idea to start a bitcoin ATM but I’m really not sure how many citizens actually using bitcoins. I would suggest you to conduct a survey of people to figure out how many of them are using bitcoins or at least heard of bitcoin. Setting up bitcoin ATM in crowed place is not worth it if no one is actually aware of it (about bitcoins). Conduct a survey, conclude the results and set up ATM where you find profitable target group of users.
Nerds are good... Nerds with money is even better.
Students attending University or College are usually stone cold broke so can't be relied upon to feed hard earnt cash into a BitCoin ATM. They might be enticed to work for BitCoins, so you would have to speak to employers which comes back to cafes, food venues or taverns or pubs.
Students attending University or College are usually stone cold broke so can't be relied upon to feed hard earnt cash into a BitCoin ATM. They might be enticed to work for BitCoins, so you would have to speak to employers which comes back to cafes, food venues or taverns or pubs.
so, in my country there are only 3-4 of them, in my City only 1 until now, for now we are probably going with a Caffe for security, trying to get something near the main bus station because of a high number of 20-35 year old's arriving here by bus, about 1,5 mil per year, 1 mil during summer only, we would like to have it at the station itself but we hear the rent is huge
so, any suggestions? and general tips if you've had your own two-way atm's
Somewhere where there are a lot of nerds passing by.so, any suggestions? and general tips if you've had your own two-way atm's
That's because people generally won't approach it when they don't know about it. Unless your ATM has some sort of introduction thing and there's a healthy amount of BTC stores in that city, it won't click.
Whereas, if you place it near areas where nerds hang out, there's a greater chance that they actually know about it and will actually use your ATM.
A hotel that has a steady amount business travelers and events would be ideal.
What about inside a convention centre or some sort of place where trade fairs are held regularly? People coming and going from other destinations can talk trade and get some BitCoins out at the same time.
Then while we're talking travel an Airport - people could pick up some BTC just before traveling then use them at their destination. By extension a travel agent's office. They can book your travel and you can make payment with BitCoins?
A hotel that has a steady amount business travelers and events would be ideal.
Hmm,hotel is pretty nice idea too,because you actually can spend bitcoins not onlyfor food,recreation,but yeah also you can spend it for a room in a hotel!
however i think there wouldn't be many customers in there,mall is better.
A hotel that has a steady amount business travelers and events would be ideal.
Wow! In our country, we don't even have any bitcoin atm. It's only a matter of time when someone puts one.
Anyway, I know we all think that the best location to place bitcoin atm is where there is most populated. There would be risks too though such as theft and trying to skim others from that atm.
Anyway, I know we all think that the best location to place bitcoin atm is where there is most populated. There would be risks too though such as theft and trying to skim others from that atm.
If you're buying BitCoins, you only need to print out the QR Code for the Wallet Address and have the BitCoin ATM read that - If you are very security concerned, just burn the paper receipt and QR code you printed (paper/card) after you have made the transaction and no one near you will know where the funds went.
Not sure how you think a BitCoin ATM can be skimmed, but nice to know you are taking personal safety around money seriously.
First of all you need to think if it is worth for you to risk your money into setting up a bitcoin ATM.
If you really want it,i think you need to set it in the biggest mall in you're town,you will pay a lot but it is the best location u can get.
If you really want it,i think you need to set it in the biggest mall in you're town,you will pay a lot but it is the best location u can get.
so, in my country there are only 3-4 of them, in my City only 1 until now, for now we are probably going with a Caffe for security, trying to get something near the main bus station because of a high number of 20-35 year old's arriving here by bus, about 1,5 mil per year, 1 mil during summer only, we would like to have it at the station itself but we hear the rent is huge
so, any suggestions? and general tips if you've had your own two-way atm's
Wow! In our country, we don't even have any bitcoin atm. It's only a matter of time when someone puts one.so, any suggestions? and general tips if you've had your own two-way atm's
Anyway, I know we all think that the best location to place bitcoin atm is where there is most populated. There would be risks too though such as theft and trying to skim others from that atm.
Anywhere *but*
Something central, either a CBD or shopping precinct. Combined Rail and Bus interchange inside a coffee shop with a semi private area that people won't be observed feeding huge sums of cash into (or withdrawing from).
I would avoid smack bang in a Shopping Mall near other Fiat ATM's as they will have numerous eyes (and CCTV) trained on them. Curious shoppers will watch to see who uses the new ATM on the patch.
Certainly near a university or college campus would be ideal, but if it were inside those, then questions might start being asked why a non-student was coming and going at odd hours.
... and don't just limit it to BitCoins; LiteCoins and DogeCoins have been in these types of ATM's, so there's no reason you can't add any type of AltCoins to an ATM.
School campus: Computer Science department
Something central, either a CBD or shopping precinct. Combined Rail and Bus interchange inside a coffee shop with a semi private area that people won't be observed feeding huge sums of cash into (or withdrawing from).
I would avoid smack bang in a Shopping Mall near other Fiat ATM's as they will have numerous eyes (and CCTV) trained on them. Curious shoppers will watch to see who uses the new ATM on the patch.
Certainly near a university or college campus would be ideal, but if it were inside those, then questions might start being asked why a non-student was coming and going at odd hours.
... and don't just limit it to BitCoins; LiteCoins and DogeCoins have been in these types of ATM's, so there's no reason you can't add any type of AltCoins to an ATM.
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