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The amount of Bitcoin ATMs globally has grown over 300% in the past two years

The amount of Bitcoin ATMs globally has grown over 300% in the past two years submitted by assetdash to Bitcoin [link] [comments]

What does it take to own a BTC ATM box in the US [2020]?

The title says it, it looks rather appealing, the box itself costs about $4,000. If I form an LLC, buy the box, place it at a nearby gas station...what is the problem? What are the regulations? Licenses? Risks? Are there some real-life examples, on how many transactions can one expect, what expenses there are? Is there actually a business case or just a dream?
submitted by yik77 to Bitcoin [link] [comments]

I Own A Startup Crypto ATM Co and Bitcoin CASH Escrow Exchange and Looking For A Good Partner.

Hey everyone. So I own a Crypto ATM company and Bitcoin CASH escrow platform we just launched. It's just 2 of us now and I'm looking for a good partner who can help with some of the financial needs of the purchase and placement orders we have to fill. We are a FinCEN certified MSB and can be found on FinCEN gov. The Company is Bitcoin ATM Pros Inc. and we have Crypto ATM Pros Inc. and Visionary Holdings LLC. I found a company in Shenzhen who is ready to make me 300 Crypto ATMs with several coins accessible that I have already designed and I will have software rights for the US market with this company who does the software and backend for the ATMs. I'm also open if you prefer somewhere else that would be more effective. I have looked all over the world for the last 2yrs and this was the best that I have found.
We are currently creating a full exchange with as many coins as we can over the next 4 months that will be ready to launch in April 2020. We will be connecting the ATMs to the exchange and place them all over the world to set up Website 2 Machine transactions. Pay on the website through the various local payment methods on the website and they drive to a secured Crypto ATM with a voucher code to pull out the funds. I have placement connections all over the world ready to execute on this.
We have about $30 million in rough gems, but there is No wrap on them, so they are not insured and I don't have the funds to insure them, they are GIA certified and appraised here in the US. We are only the 2nd owner and we are still in close contact with the original owner and has a few hundred million worths and is looking for the same thing as I am, he is accessible with proper documentation and he is the one that dug them out of the ground himself, who lives here in the US. He pledged us $30 million worth to help us get funds for our Crypto ATM Company. If you or anyone you know want them or who can get them wrapped for really cheap. Looking for the next step and eventually either selling or getting a gem backed loan for a few million for a couple of years. I have all the documents on the gems and they are all here in the US. Let me know if you can be of any service. They are there if needed.
Let me know if you are interested, I can fly out anywhere if you would like to meet up in person if needed. There are a lot of options, reach out if you have questions about anything.
Bitcoinatmpros com
localbitcoincash org
1bch com
submitted by Coolie32 to btc [link] [comments]

Bitcoin ATM spotted in Shoreditch, London!

Bitcoin ATM spotted in Shoreditch, London! submitted by Panni30 to Bitcoin [link] [comments]

Bitcoin ATM by Bitcoin Solutions: San Fran

Hey Reddit World!
Bitcoin Solutions has another ATM set to arrive in the next few weeks and we have our sights set on San Francisco, CA! While we have done our research we feel it is important to get the input from the locals! So if anyone in the area has/knows/thinks they know a good place to host an ATM can you put them in touch? [email protected] is a good place to contact the team!
Thanks a bunch, Reddit World! We hope to be hearing from you shortly!
Bitcoin Solutions @EDMbtcsolutions
submitted by edmbtcsolutions to Bitcoin [link] [comments]

Various Bitcoin "ATMs" with KYC/AML aspects briefly listed. (22 brands)

Bitcoin "ATMs" (AKA vending machines/kiosks/branches/BTMs/CTMs) continue to spread around the planet. Here is a current snap-shot of most of the manufacturers with some further information about their products.
Just as operators of various machines may decide on what colour or graphics the machine has, operators may also have optional Know Your Customer (KYC) and Anti-Money Laundering (AML) features at their disposal. Companies like BitPay, Coinjar, Kraken, Mt Gox (did), Bitstamp, Coinbase etc require your ID. Our face is the biometric most commonly used by people and governments alike for ID. Fingerprints are less commonly utilised as a biometric ID by governments. Banks commonly use our face as a biometric ID.
1W=cash to bitcoin (one way). 2W=cash or CC to bitcoin and the reverse, "Cash out" (two ways)
AML aspects would typically include daily transaction amount limits. Operators may set AML limits on their machines.
Here is one apparent operators thoughts: (I hope re-posting is OK)
"I operate a Lamassu kiosk and while the manufacturer has recently developed software enhancements to comply with KYC/AML regulations, I have chosen not to implement them. Yeah, my ass is on the line here, but I've used the Robocoin machine and felt it was very intrusive. I like the idea of anonymity and I don't want to have to keep records of my customers' identities and monitor their private transactions. That's not Satoshi's way, nor is it mine. So far, I'm operating well under the radar and I'm not very worried about it (though some attorneys have warned me that I am taking a huge risk by following this path). I have a FinCen license, but there are no final state licensing regulations (yet), so until they tell me what I have to do to stay out of jail, I will continue to operate my machine as it was shipped, without collecting personal information from the users. The only "compliance" feature I've turned on so far is a maximum transaction limit of $500 USD. This is partly to avoid having to file Suspicious Activity Reports, but mainly to keep me from running out of bitcoins on a daily basis." - by Magg0tt
submitted by BitcoinOdyssey to Bitcoin [link] [comments]

Host a Bitcoin ATM at your Location! Bitcoin ATM machine in Bangkok ATM and Stately Home Robberies - YouTube How to Sell Bitcoins for Cash at ATM - YouTube How to use a Bitcoin ATM - YouTube

Submit new bitcoin machine ot teller to our bitcoin ATM map. Please send all required details. Producers. Genesis Coin (4072) General Bytes (3354) BitAccess (1106) Coinsource (731) Lamassu (543) All producers; Countries. United States (9160) Canada (920) United Kingdom (286) Austria (148) Spain (104) All countries; More . Find bitcoin ATM near me; Submit new ATM; Submit business to host ATM ... Bitcoin ATM History. Canada is credited for installing the first ever Bitcoin ATM on 29th October 2013. Nevertheless, there was an attempt to launch an ATM in the US earlier that year. A cigar bar in Albuquerque, New Mexico opened the unit in February. However, it was shut down in the next 30 days due to lack of regulatory compliance. While there are many, you especially need to be aware of the Bank Secrecy Act (“BSA”), which is enforced by the Financial Crimes Enforcement Network (“FinCEN”). Depending on how a Bitcoin ATM is configured, you may need to comply with the BSA. Bitcoin ATM operators are “exchangers” as defined by FinCEN, and as a result, must register as “Money Services Businesses,” as well as ... 3. Best Bitcoin ATMs General Bytes. General Bytes, a Czech based company, is the world’s largest Bitcoin, Blockchain and Cryptocurrency ATM manufacturer. The company has sold over 2500 machines in over 60 countries. Their Bitcoin ATMs can support over 120 different fiat currencies and over 60 different cryptocurrencies. Find Bitcoin ATM locations easily with our Bitcoin ATM Map. For many Bitcoin machines online rates are available. Producers. Genesis Coin (4080) General Bytes (3362) BitAccess (1106) Coinsource (731) Lamassu (543) All producers; Countries. United States (9178) Canada (920) United Kingdom (286) Austria (148) Spain (104) All countries; More. Find bitcoin ATM near me; Submit new ATM; Submit ...

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Host a Bitcoin ATM at your Location!

The Bitcoin ATM is set to only dispense $1000 per day this keeps the owner of the machine in compliance with FInCen regulations which state that in order to not be considered a Money Services ... Bitcoin ATM A bitcoin ATM offers a convenient way for your customers to buy and sell bitcoin i... Bitcoin Lottery: If you want to join my tele... I will show how to buy bitcoin from a Bitcoin ATM. We are using the genesis where you can buy or sell Bitcoin We will use our Coinbase app as a wallet. Use C... Bitcoin machine is installed at Hashbx Global Co.,Ltd in Bangkok. You can buy bitcoins for cash here.