Category Archives: Bitcoin ATM KIosk

How to use a bitcoin ATM. Sounds pretty simple but it conjurs visions of hackers, the dark web and a bank of PCs with Nvidia processors mining for Bitcoin.

If you spend any time on Yahoo Finance, you can see the Bitcoin ATM deployments are up 85% this year, thanks in part to the coronavirus.

Bitcoin ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.

The spike demonstrates the rising popularity of bitcoin as a payment mode. The fear of getting a coronavirus infection has accelerated the growth in the broader contactless payment market this year, according to Global Trade Magazine.

In brief from Decrypt article
Bitcoin ATMs are a convenient way to buy and sell small amounts of the cryptocurrency.
For small transactions, they don’t require KYC, making them easier to use than setting up an account at an exchange.
Before transacting with a Bitcoin ATM you’ll need a cryptocurrency wallet, though some ATMs can set up a paper walllet for you.
How Do I Use a Bitcoin ATM?
Nice video by CoinFlip shows how to use one..
Bitcoin ATM Industry Links

coinatmradar.com
bitcoin.com
nationalbitcoinatm.com
Five things an ATM operator needs to consider entering Bitcoin ATM market

Posts2025: 441

Bitcoin ATM – Costas Crypto Kiosks Worldwide Starting Today

Costas, Inc. (OTC:CSSI) wholly owned subsidiary, AuthentaCash, a division of AuthentaTrade Ltd. is now operational selling Cryptocoin Automated Teller Machines, referred to as Crypto Kiosks.

Source: globenewswire.com

According to  Statistica  there were 1,885 Bitcoin ATMs as of December 2017 globally. Cross-referencing with Coinradar.com, specific operating Crypto ATM’s as of 2017-12-29, were: 2005 (100%) Bitcoin (#BTC) ATMs,  699 (34.8%) ATMs w/ altcoins (#ALT) support, 662 (33%) Litecoin (#LTC) ATMs,  288 (14.3%), Ethereum(#ETH) ATMs, 156 (7.8%) Dash (#DASH) ATMs, 107 (5.3%) Bitcoin Cash (#BCH) ATMs, 10 (0.5%) Zcash (#ZEC) ATMs, 4 (0.2%) Dogecoin (DOGE) ATMs, 1 (0.1%) Monero (#XMR) ATMs, Totaling 3,933. We believe the market is highly underserved. Currently there are no known Ripple Coins (#XRM) to Costas.

Bitcoin ATM News – How Trump became bitcoin’s unlikely savior

As bitcoin’s spotlight fades and banks work to adapt its underlying blockchain technology for more traditional uses, it seemed that the world was ready to move on from the infamous cryptocurrency. And then Donald Trump was elected president of the U.S.

Source: www.paymentssource.com

Premise is that one Trump consequence is the blocking of more traditional money transfers will drive users to alternative mechanisms like Bitcoin.  I think Bitcoin is might be desperately optimistic if it is counting on Trump following thru with a blockade.  I think it more posture than possible.

Denver Area’s First Bitcoin ATM Kiosk

>PRWEB.COM Newswire Source: www.digitaljournal.com The company says their kiosk attendants are ready to help throughout the transaction process. That includes clearing up common misconceptions surrounding bitcoin, and explaining security risks; even sending a micro transaction to a new user’s wallet demonstrating the ease and speed of transactions on the bitcoin network. Also, according to Berger, “the opportunity to… Read More »