Monthly Archives: May 2016

Bitcoin Depot ATM

Using a bitcoin ATM: Satoshi1 machine at Vape Dynamiks in Athens, GA

This is a fourth review of bitcoin ATM usage sent to us by participants in “Hardware wallet in exchange for bitcoin machine review”. At the time of this writing there are still 2 hardware wallets available. You can send your story to us and get Ledger HW.1 wallet.

The following story is provided to us by Eric Kwak from Athens, GA. And bitcoin ATM reviewed is located at Vape Dynamiks in Athena, GA.

Bitcoin ATM Vape Dynamiks in Athens, GA

Gone are the days of the “first generation” bitcoin ATM’s that not only looked like a prototype side project but also functioned like one. Although this is only the second time I’ve had the pleasure of using a 2-way Genesis Coin ATM, it’s clear that the process of selling Bitcoin and receiving fiat money ATM-style seems to be getting increasingly simpler and ever-quicker than before. And one of the most convenient parts about this particular location visited? The ATM is located inside a vape bar that closes late (11:00 pm on average). Might not be so great for those all-night bender weekends :/ After all, it is located in the heart of GA Dawgs territory! Anyhow, I’m not here to judge you on how you spend your hard earned btc’s->fiat, but rather to fill you in on the pleasurable experience I had trading them for some boring ole’ bills.  Continue reading

Using a bitcoin ATM: Lamassu machine at CEX in Glasgow

This is a third published story from participants in our “Use bitcoin ATM, write review and get hardware wallet for free” campaign. At the time of this posting – there are still 2 Ledger wallets available. So hurry up and don’t miss the chance.

The following bitcoin machine usage experience description is provided to us by Derwin McGeary, who used a machine in Glasgow, Scotland.

One thing about Bitcoin is that when you tell people about it, the reaction is frequently, “You must be crazy!” or “That’s all very interesting, but how would you actually do it in practice?”. Often, it’s not that easy, and almost never all that anonymous: “You just give this website your credit card details and show them your government-issued ID”. So I was intrigued to find out that there was a Bitcoin ATM in the centre of my home city of Glasgow, Scotland. A bit of research revealed that it was in a chain of electronics shops, CEX which started to accept Bitcoin for purchases and even staged a Bitcoin-only weekend to launch it!

CEX bitcoin ATM

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Why developing your bitcoin ATM brand is important and how to do it

Why you need to create and promote your bitcoin ATM brand

Almost every day there is a new bitcoin ATM installed somewhere in the world. Most of the locations are in the U.S. and as it was mentioned in previous posts there is a concentration trend continues in bitcoin ATM industry.  Concentration happens on both levels: geographical level (bitcoin ATM locations are not evenly distributed with some peak numbers in particular cities) and operator level (there are some big players appeared on the market that have many bitcoin ATM machines installed). Two trends are interrelated as the same operator may want to locate machines in the area where the company or owners are located. However, some bitcoin operators have nationwide or even worldwide networks.

Bitcoin NW bitcoin machine branded
BitcoinNW bitcoin ATM installed in Portland

With these trends in place it is very important for bitcoin ATM operators to distinguish their machines from competitors’. There are many reasons for this, but the main ones are:

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Using a bitcoin ATM: Genesis1 machine at Fantastico Comic Store in Mexico City

This is a second bitcoin ATM usage experience story from our participants in “Use bitcoin ATM and get a Ledger HW.1 hardware wallet” series. At the time of this posting – there are still 5 hardware wallets available, so you still can send your story to us and get a free Ledger wallet.

The following bitcoin ATM usage description is provided to us by Ismael Acevedo from Mexico City.

Bitcoin ATM Mexico City at Fantastico Comics

The Bitcoin ATM I have used was at the Fantastico Comic Store in Mexico City, in the locators it seems to be the only bitcoin ATM in Mexico City. I have read a lot about Bitcoin since several years but the way to buy some was insecure, little dark and sincerely I was full of doubts, but one day when I went to the store I realized about the ATM, promised myself to return later to give it a try. And today I used it, and it was a pleasant surprise how easy the process is, I downloaded the Bitcoin Wallet app in my smartphone so I was able to use a QR code generated by the app to receive my money. The ATM got options to create a new wallet using the fingerprint for security, there’s also an option to enter bitcoin address manually if you want to send to a wallet in your computer.

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