I want to either setup a bitcoin ATM in NYC or my college in NY. I am willing to spend up to $6000 to get it going.
Can anyone provide any guidance? I looked at the Lamassu Bitcoin ATM and it says I need a file some paperwork before shipping. I was more concerned with how long it would take for the unit to get shipped. It costs about $5000. Are there any out there that are cheaper? Can I make one myself?
Hi don't really browse this sub but I wanted to share something that happened to me today regarding bitcoin. So I need to purchase something on the web and initially I was going to use Litecoin because I live in NY and there are (I remember) a lot of restrictions on bitcoin. So I go to Coinbase set up my account and no matter how hard I try I can not send Litecoin from coinbase for 13 days. They say this is to prevent fraud and illegal activity but frankly it really bothers me because I see this as very authoritarian (Side note: I now have $330 of Litecoin I can only trade with. At this point I'd rather cancel the buy order all together, any idea how to do that?) So after realizing no matter how hard I try on coinbase it won't let me get MY litecoin out I now decided I'd go to a bitcoin atm in NYC. I made the mistake of using an ATM from Cottonwood LLC and so far it's been a nightmare. Firstly the ATM has some of the worst fucking software I've ever seen- it's slow, it's buggy, it's crap. Finally after having to get more cash from the bank (because they charge what is in my opinion an exorbitant bitcoin fee) I pay and I get my receipt. I then get a text that says I have to email them to get my funds released. I email them my ID and a selfie (talk about PID) and they respond later that they can't release the funds because they can't verify my ID. I'm now at a loss of what to do. It seems they've stopped contacting me and won't release the funds to my wallet. So now I'm out of cash and at the mercy of this company that doesn't answer their phone or emails. Incredibly disappointed and I will be filing a report with the Department of Financial Services as well as contacting some General Counsels I know to see if there is anything else to be done.
On another note. I really only use bitcoin to purchase medicine for my dad from India because our insurance doesn't entirely cover it. It is incredibly sad to see that the original vision for bitcoin has been completely derailed by companies that don't align, imo, with the intentions of bitcoin. That is: anonymity, decentralization, you know the rest. The fact that I'm now at the mercy of Cottonwood Vending LLC and Coinbase and my money is being held by them is incredibly disappointing. Needless to say, you've been warned. LINKS FOR PROOF: Screenshots
So I bought my first pieces of bit coin last week and I have to tell u guys it was the one of the easiest things I have ever done in my life all you need is a bitcoin wallet and cash very simple indeed ! This will be my go to method for buying bitcoin no need to link a bank account ideal I think
I need someone to help me put a chain of BTC ATMs in the streets of NYC. I have a lot of connections to store owners. Where I am it's a hotspot. Tons of people would benefit from having a BTC machine nearby instead of going through middle men. /r/Bitcoin
Dear Redditors of the world, A friend of mine is struggling to pay a cleaning lady remotely. She has no bank account and, as such, can't receive e-payments. He's currently been asking me to give her cash myself and then he pays me back but this arrangement cannot possibly work long-term. I thought about suggesting bitcoins but don't know of any bitcoin ATMs in the neighborhood. Does anyone here know of any? Maybe a bitcoin friendly shop owner that can receive bitcoin payments and then pay her in cash? The main issue here is that it needs to be a reliable solution. Alright... Unleash the Kraken! 😊
Bitcoin ATM Location Suggestions in NYC/NJ Metro Area?
Dear BTC Community, I have purchased a few BTC to Fiat ATMs and are looking to place them in the NYC/NJ Metro Area. Where do you guys think I should place them? Where would you use them? Let me know! Most up voted location in comments will get 1st placement!
140 Centre St New York, NY - 10013 Direction: Fiat ⇄ Crypto ATM type: Genesis Coin Limit: Buy: $13000/txn, Sell: $2980/txn, Daily: $30000 Hours: Open 24/7 Details Keep reading to find out how Bitcoin ATMs work. Bitcoin ATM Providers ATM providers are third-party companies that sell the machines to merchants that want to install an ATM for their business. While bitcoin and other cryptocurrencies are speculative investments that people hold, buy and sell to build a diversified portfolio, it’s becoming increasingly more useful in the real world.. US cities where you can spend bitcoin and find bitcoin ATMs. DID YOU KNOW. Services like ShapeShift and Changelly can make it more convenient to exchange one cryptocurrency for another (crypto-to ATMs hover around a 6% to 10% premium on the price of a Bitcoin, whereas Coinbase, a digital exchange also scorched for its extremely high fees, charges 3.99%. With the rapid growth of Bitcoin ATMs across the country, Coinsource is positioned to become a dominant force in onboarding an equally accelerated growing population of people taking Bitcoin ATMs in New York, United States Total number of Bitcoin ATMs / Tellers in and around New York: 90. Coins: Bitcoin (BTC) Lightning BTC (LBTC) Bitcoin Cash (BCH) Ether (ETH) Dash (DASH) Litecoin (LTC) Zcash (ZEC) Monero (XMR) Dogecoin (DOGE) Tether (USDT) Ripple (XRP) Operations: Buy Sell.
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