Monthly Archives: November 2015

Bitcoin Depot ATM

How to start a bitcoin ATM business

According to our bitcoin ATM industry stats, there is a growing number of bitcoin ATM installations worldwide. If someone wants to run his own bitcoin ATM or install a bitcoin machine at existing local business, what are the main points to check and decisions to make beforehand? The following article tries to answer these questions.

Start a business

Regulation

With all developments in Bitcoin area over last couple of years one thing became more prominent — regulation. Bitcoin ATM business is not an exception. In many jurisdictions you need to get special licenses like MSB or others in order to conduct such a business. Running a bitcoin ATM without complying with law might end up bad. So the main point to start investigating in case you would like to run a bitcoin ATM — is the legal framework for such activities in your region. Continue reading

7 reasons why bitcoin ATMs are still the best way to get bitcoins

This post is written by Jon H. — just another enthusiast helping take bitcoin mainstream.

As Bitcoin’s awareness expands, more and more people are turning to Google to learn about what Bitcoin is and where they can get some. I think all too many of us know that there is way too much friction to getting your first Bitcoin, so here’s 7 reasons why I think Bitcoin ATMs are still one of the best ways to get yours.

Bank and Bitcoin ATM

1. Familiarity

People are looking for a way to buy Bitcoin for the first time will likely stick with what they are familiar with. Although Bitcoin ATMs are nothing like regular ATMs, the basic interface is somewhat similar. A human walks up to a machine and interacts with a screen to deposit or withdrawal money of some sort. People don’t want to get all caught in some sort of weird hassle where they have to fill out extensive forms or meet obscure people in sketchy places or attach bank account to online exchanges. People want to go put $20 into a machine that is similar to machines they already know and get some of “this Bitcoin thing”. Bitcoin ATMs are a great face for the first time Bitcoin buyer all the way to the seasoned cypherpunks simply for their very familiar interface.

Continue reading