Genesis Coin cryptocurrency ATM machine producer

Total number of Genesis Coin ATMs installed: 1270

About: Genesis1 is the Bitcoin ATM produced by San Diego, CA, US based company Genesis Coin Inc. The Genesis Bitcoin machine represents a solid ATM with all AML/KYC features required. By request an optional finger print scanner could be added. SMS verification function, identification card reader, and a high-definition camera could be used in order to comply with regulations in place.

This is a two-way Bitcoin ATM, so both fiat money to Bitcoin, and Bitcoin to cash transactions could be done. Interesting is the fact that this ATM supports three cryptocurrencies: Bitcoin, Litecoin and Dogecoin, which is opposite to only Bitcoin normally with other ATMs.

The bill capacity for this Bitcoin machine is:

  • 2,200 note International Bill Acceptor
  • 1,700 to 6,800 note Bank-grade Cash Dispensing System
Company provides a policy of white-labeling and allows flexible branding of the machines run by operators.

One Genesis1 Bitcoin ATM was donated by the company to Botswana Bitcoin community leaded by Alakanani Itireleng.

In the end of July 2014 through its twitter channel the company announced its one-way Bitcoin ATM called Satoshi1.

Price:

  • $14,500 for Genesis1 Bitcoin machine (2-way)
  • $6,800 for Satoshi1 Bitcoin machine (1-way)
  • $8,900 for Satoshi2 Bitcoin machine (2-way)
1% ongoing fee from the transaction volume for software usage.

Site: https://bitcoinatm.com