bitcoin atm two way
A two-way Bitcoin ATM in Toronto, Canada, that allows users to buy or sell bitcoins using cash A bitcoin ATM is an internet machine that allows a person to exchange bitcoins and cash.Some Bitcoin ATMs offer bi-directional functionality; these machines enable both the purchase of Bitcoin as well as the redemption of Bitcoin for cash.In some cases, Bitcoin ATM providers require users to have an existing account in order to transact on the machine.Bitcoin machines are not ATMs in the traditional sense and probably use the wording ATM as a neologism.Bitcoin kiosks are machines which are connected to the Internet, allowing the insertion of cash in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain.They look like traditional ATMs, but Bitcoin kiosks do not connect to a bank account and instead connect the user directly to a Bitcoin exchange.According to an advisory issued by the Consumer Financial Protection Bureau, "they may also charge high transaction fees – media reports describe transaction fees as high as 7% and exchange rates $50 over rates you could get elsewhere".[1]:3
In late 2013, The D Casino install the first Bitcoin ATM in a casino in Las Vegas.[7] A New Zealand bitcoin machine operator announced in 2014 they had to shut-down operations due to interference with banks.[8]In 2014 a former Robocoin operator in the UK hacked its bitcoin ATMs to run on software from rival manufacturer Lamassu.[9]Bitcoin machines are not yet regulated in Canada, however regulations have been officially proposed for all bitcoin exchangers.[10]In February, 2014, the Canadian Finance Minister mentioned plans to introduce anti-money laundering and anti-terrorist financing regulations for virtual currencies such as Bitcoin.[11]Bitcoin ATM operators need to adjust the limits on deposits and withdrawals according to AML/KYC standards applicable in the jurisdiction where their ATMs are placed.[12][13] In some countries / states this requires a money transmitter license.^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ Media related to Bitcoin ATMs at Wikimedia Commons
The BATMThree platform is our flagship product and is the ideal choice for your Bitcoin, cryptocurrency or blockchain-token project.The platform contains our most innovative features and has seen numerous improvements since it launched in March 2015.One of the many innovations on this platform is the ability to dispense / read and write NFC cards.The business model behind Bitcoin ATM's is to buy or sell crypto-currency on exchanges and buy or sell it with margin to end customers visiting ATM.Bitcoin ATMs provide a way for customers to buy or sell crypto-currency in a simple and secure way.The BATMThree is designed to be selfstanding and can be mounted to the floor for extra security.All models based on the BATMThree platform offer the same feature-set as our popular BATMTwo model plus much more.One of the most notable features is that BATM models L,M,XL and XXL are bi-directional which means that they are capable of converting cash to cryptocurrency as well as cryptocurrency to cash, one of the hottest new trends in the cryptocurrency industry.
Please have a look at the features tab to for more details.In order to best match the needs of our ATM operators we offer multiple configurations based on the BATMThree platform.BATMThree models differ primarily in the number of banknotes they can accept or have available for dispension to the end-user.In addition, model names ending with '+' indicate they have NFC card capability.Please note: Our entry model BATMThreeS is a unidirectional machine (cash to crypto only) and does not feature NFC capabilities.Should you decide at a later stage that you need NFC support and a second exchange direction ( cryptocurrency to cash) you can easily upgrade your BATMThree using one of the BATMThree upgrade packages.BATMThreeL represents our most affordable bi-directional model that features a bill-recycler device, saving you time on cash-collection visits to the ATM.A bill-recycler is a device that accepts banknotes from one customer and sells these notes at a later time to another customer.The recycler has internal cash-box capacity for 600 banknotes that can be accepted from customers plus it has additional two compartments (drums) that can hold 120 banknotes that can be later dispensed / recycled to customers.
You can choose which denominations you want to recycle (hold in drums) and which you want to float down into cashbox.By recycling banknotes, the recycler allows operators to minimize the number of visits required to the machine for banknote replenishment.BATMThreeM is a bi-directional model that features a bill-acceptor with an input capacity of 600 banknotes and a bill-dispenser that can dispense up to 1000 banknotes.The bill-dispenser has 2 compartments (cassettes) where each cassette can hold 500 banknotes in 2 different denominations.You as an ATM operator choose and configure which denominations you plan to dispense.The bill-dispenser offers a much higher capacity and a faster dispensing procedure compared to a recycler.BATMThreeXL model combines both advantages of the BATMThreeL and BATMThreeM models by featuring a bill-recycler unit in addition to a bill-dispenser.The BATMThreeXXL model is our ultimate configuration.It features a bill-acceptor with a cashbox that holds 2200 banknotes, a bill-dispenser with capacity of 1000 banknotes (2x500) and an additional internal keypad lock on an internal safe.
A keypad locked internal safe is usually a requirement for automatic collection by an armored money transport service.Click the tabs above to read more about the BATMThree Bitcoin ATM features or view the product specifications.All of the BATM models are equipped with high-end banknote validators (also called bill-acceptors or bill-recyclers) that are also used in many casinos around the world.Our banknote acceptors indentify all fake or damaged banknotes, protecting your business against crooks.All of the GENERAL BYTES Bitcoin ATM's receive new software updates twice a month so your system is always up to date.You, as the owner / operator decide if you want to install these updates.The BATMThree Bitcoin and blockchain powered cryptocurrency ATM range needs to be connected to the GENERAL BYTES server software.This server software allows for exchange and buyback of sold coins, manages your wallets, configuration, fleet management and many more features.Bitcoin ATM Operators can run their own server software license (preferred) for only 1 USD with purchase of their first machine.
(only 20 USD/month, click here for 10 USD discount) .If you don't want to bother to operate your own server we can run it for you at a small fee.First month is free of charge, next month onwards only 0.5% of cash inserted into the machine.Bidirectional All BATMThree models are bi-directional.This means that the ATM can not only convert cash to crypto-currency but can also convert crypto-currency to cash.If unidirectional (cash to crypto) transfers is all you require, have a look at our BATMThreeS and BATMTwo model.Selling process The ATM customer lets the BATM know how much cash they require.The BATMThree will make sure it has the money and is capable of dispensing this amount.After entering desired amount, the BATM prints out a redeem ticket containing instructions and a QR code with amount that customer should send to the machine.After the customer sends bitcoins to the machine he / she is notified automatically by SMS when the withdrawal is ready.Customer visits the machine, scans the redeem ticket and the BATM dispenses the cash.
Meanwhile the BATM will automatically sell any collected bitcoins on the configured bitcoin exchange, reducing operator risk.Supported cryptocurrencies BTC (Bitcoin), ETH(Ethereum), LTC(Litecoin), DASH (vending only), DOGE (Dogecoin) and more... Extensible You can implement support for any coin or extend current functionality with Open API hosted on github.NFC card support Every model with a name ending with '+' has NFC card support capabilities.The BATM machine issue the customer an NFC card containing the bitcoin private key.The customer can later use this card as bitcoin wallet to receive and send bitcoins by placing the card on an NFC reader.Additionally we offer ATM operators card branding services which makes card not only a wallet, but it makes it also a business card.Cards can be also used as a payment tool with our Point of Sale terminal or used with multiple android applications.We decided to integrate NFC cards because of the following reasons: Ease of use.
Your mom already knows how to pay with the card and therefore she will immediately know how to pay with bitcoin.Customers can also print paperwallets, but the durability of paper is terible.Plastic NFC bitcoin wallets cards are proven to fit will into your regular wallet next to visa or mastercard.The NFC card can work also as loyalty card, dispensing loyalty tokens instead of Bitcoin.NFC cards cost only 0.4 USD and are therefore an ideal branding opportunity for ATM operators.Point Of Sale integrated Start accepting bitcoin payments for products sold in your store via your own Bitcoin ATM.No need for an additional tablet to accept bitcoin payments in for example restaurants or stores.One awesome feature you won't find anywhere else is that staff members can receive their tips in bitcoin on their own wallet address.You can also opt to sutomatically get your bitcoin payments converted to fiat by connecting to a payment processor.() Secure by design The Bitcoin ATM Terminal only communicates with the server over HTTPS.The BATM / CAS server communicates with cryptocurrency exchanges and hot wallets.
The ATM does not store any cryptocurrency itself and it is the server that takes care of this.Hotwallets for the ATM can be online or self-hosted such as a bitcoin-core wallet running on the same server.No volatility risks Unlike other Bitcoin ATM's, purchases are made on the configured cryptocurrency exchange at the time of cash insertion.This reduces volatolity risks for an operator.Operators can also choose to run in standalone mode with no exchange involvement, perfect for those that already own the Bitcoin they want to sell.Exchange rates are updated every 30 seconds.Supported exchanges: See table bellow.Supported hot wallets: See table bellow Remote management and monitoring Terminal configuration is retrieved from the server by the ATM.Configuration options on the server include: Online terminal status, current cash box contents, exchange rate, cash transaction limits (per hour, per day, per month), customer behavior, performed transactions and their status.The server sends end-user email notifications to the operator regarding certain events such as when transactions are performed or when a certain level of cash in the terminal has been reached.
Remote software upgrade Future software updates are distributed over the internet without need of user intervention.This dramatically reduces operator expenses as there is no need to visit the ATM in person to perform an upgrade of the machine.AML and KYC Customers identity can(optionally) be checked using fingerprint reader, cellphone number verification, id card scan or selfie verification to increase their cash limits.AML / KYC laws differ all over the world but GENERAL BYTES is the only manufacturer flexible enough to accomodate to even the tightest AML / KYC regulations.The GENERAL BYTES ATM server is also capable of obtaining customer name and address details based on a cell phone number and run instant background checks against terrorist watch lists.This is required for some markets, most noticably the USA.Notifications Your ATM can notify you when cash inside of the machine reaches certain threshold, when the ATM is offline for more than one hour or whenever a transaction has been made.
This way you know exaclty what's going on with your ATM, wherever you are.Other features Send receipts by SMS or email.Send bitcoins via SMS (recipient will receive private key).Supported exchanges Exchange Support Bitstamp.net Yes Yes Yes Yes Yes Yes Yes Yes Bitflyer.jp Yes Coinfloor.co.uk Yes Coinmate.io Yes Supported hot wallets Wallet Support Block.io Yes Yes Yes Bitcoind/Bitcoin Core Yes Litecoind Yes Dogecoind Yes Bitcore Yes Coin.cz Yes Power consumption: 40W (130W in peak - stacking banknote) Power input: AC 100-240V (Japan, US, Australia, Europe, Asia and other) Internet connectivity: WiFi (b/g/n) + Ethernet 100Mbit Currencies supported: More than 120 (including USD, EUR..)Crypto address entry: QR code scanner or e-mail address or cell phone number Warranty: 1 year Languages: English, Česky, Deutsch, Español, Français, Hrvatski, Italiano, Nederlands, Polski, Pусский, Românește, Slovenčina, 中国的, 日本語, 한국어/조선말, translate into any language yourself!
Dimensions: L,M,XL: 62x180x46cm / 24.4x71x18 inch.XXL: 62x180x70cm 24.4x71x27 inch.Material: 1.5mm iron Display: 23” FullHD - capacitive Mounting options: Designed to be mounted on floor (mounting screws are included) Cash box capacity: 600 banknotes (XXL model has capacity 2200 banknotes) Recycler capacity: 120 banknotes.2 denominations(60 of each denomination) Dispenser capacity: 1000 banknotes.2 denominations(500 of each denomination) Security: Four high security standard locks.Printer: Thermal printer with 3,25” paper for printing wallets and receipts CE Conformity: European Directives: 206/95/EC, 2004/108/EC Standards: EN 60335-1:12, EN 60335-2-82:03+A1:08, EN 55022:10, EN 55024:10, EN 61000-3-2:06+A1:09+A2:09, EN 61000-3-3:08 Weight: 105kg / 231lbs (XXL model 156kg / 344lbs) Show All Product Images Purchase Process User Interface Compare Models Side view A Product Images Side view B Product Images Front view Product Images Side view C Product Images BATMThree XXL+ Product Images BTC Purchase Process Purchase Process Welcome screen User Interface Choose limit screen User Interface Scan wallet address screen User Interface Insert cash screen User Interface Transaction completed screen User Interface Sell Bitcoins User Interface Redeem Ticket User Interface Check Wallet Balance User Interface Customer without wallet screen User Interface AML privacy notification screen User Interface AML One time password step 1 User Interface AML One time password step 2 User Interface Compare Models