Monthly Archives: April 2017

Bitcoin Depot ATM

How to host a bitcoin ATM at your store or shop

With a trend of growing number of bitcoin machine installations worldwide many business owners start to consider hosting a bitcoin ATM at their premises. This post is supposed to help take a decision about how to house a bitcoin machine.

Generally there are several ways of doing it:

  • Organizing all on your own and later on also self operating machine(-s);
  • Finding someone who will be ready to finance and install machine at your location;
  • Some options in between the above two scenarios.
Street sign at 824 S Vermont Coin Cloud Bitcoin ATM
Street sign at 824 S Vermont Ave in Los Angeles, Coin Cloud Bitcoin ATM

Operating bitcoin machine on your own

When not to pursue…

The first option is rather a tedious task. Running a bitcoin ATM is a separate business by itself. In order to run a machine one should do all preliminary research work, e.g. finding out what is the legal status of such a business in the area and which licenses are required, then generally obtaining all permissions to do it within legal framework, which is usually time requiring and costly process. Apart from initial investments in legal advice services and obtaining permission, and then investment in machine hardware itself, business owner also will need to organize and maintain running of a bitcoin ATM on ongoing basis. This means to provide liquidity for bitcoin machine operations, and also organize the exchange process and provide all connected services, e.g. customer support.

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A Look at London’s Bitcoin ATM Scene

The United Kingdom is the third largest country with respect to the number of installed bitcoin ATMs, following after the U.S. and Canada, which are significantly larger both geographically and population-wise.

The United Kingdom is a home for 60 bitcoin ATMs at the time of writing.

The vast majority of the U.K.’s bitcoin machines — 45 bitcoin ATMs in total — are located in London, a global epicenter for multi-culturalism. These ATMs are represented by various ATM producers, with leading General Bytes (64%), but also Lamassu (22%) and BitAccess (11%). The main operators in London are Satoshi Point (42%), BCB ATM (16%), Bitins (13%) and Landmark Coins (11%), which combined represent more than 80% of all bitcoin machines in London.

You can find a map with London bitcoin ATM locations below in this post.

Bitcoin ATM London

Bitcoin ATM locations in London are very dispersed with some machines placed in the city center (districts like Soho, Fitzrovia), and plenty machines are  scattered around the city and in suburbs.

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