A A Facebook- Twitter - More shares recommend reddit email Print Article Late last month, we told you about BTCity, a startup trying to find the perfect site for the company's Bitcoin ATM, expected to be the first in Dallas.BTCity still hasn't managed to get its machine up and running, but a local entrepreneur took the company's plans as an opportunity to speed up his timeline for getting his own ATM installed.See also: Bitcoin ATM Startup Hoping to Plant Its Flag in Dallas This week he won the race, placing the ATM pictured above into Buzzbrews' Deep Ellum location."Ihad ordered [the ATM] like a month ago and I was slowly trying to figure out legally what I needed to do.I saw [the BTCity article] so I really jumped the gun on trying to find a place to it," Jimmy Scott says."I can't let this guy from out of town come beat me."Scott,a recent college graduate, started trading Bitcoins about six months ago with some savings and a gift from his mother.

He used LocalBitcoins, a Craig's List-like service that facilitates Bitcoin transactions to buy the digital currency because it can take up to a month to establish an account with a larger exchange like Coinbase or Bitstamp, he says.Upcoming Events Major League Lacrosse Championship Dallas Cowboys vs.Indianapolis Colts Party Pass: Dallas Cowboys v Indianapolis Colts STADIUM CLUB RESTAURANT: AT&T Stadium - Cowboys v Colts "A popular way [to buy Bitcoins on LocalBitcoins] is by cash deposit and I had some guys out there running fraud through my account, so basically, I'm trying to find the safest way for people to buy and sell Bitcoins.To me [the ATM] is it," he says.So far, Scott's machine has only seen one transaction, but Buzzbrews owner Ernest Belmore looks forward to his restaurant being on the cutting edge and supporting the burgeoning means of exchange."Ithink that it's a form of competition in the marketplace that will raise some eyebrows a hopefully create policy to kind of keep our other financial currency in check, if it does grow and it does stick," he says.

"It shows signs of doing that with the people that are supporting it and the positions they hold."Akey difference between the machine at Buzzbrews -- which Belmore is both hosting rent free and providing the electricity for -- and the one planned by BTCity is that transactions at the machine can only be made one way.bitcoin wallet ledgerBitcoins can be purchased with cash, in increments of up to $1,000, but the ATM will not provide any cash out.bitcoin north vancouverThis lowers the security risk -- two-way Bitcoin ATMs can hold hundreds of thousands of dollars -- and leaves Scott subject to lesser regulations.Even in Texas, which has the United States' friendliest Bitcoin regulations, providing transactions of more than $1,000 or cash out would have caused licensing and fee headaches.bitcoin vs aud graph

Instantly buy/sell bitcoinsIn DallasInstantly Buy Only inCleveland, Houston, AustinArlington, The Colony, Jersey VillageWe are dedicated to speed, reliability and transparency AboutFind out about our organization, mission, our methods, and learn about Bitcoin.Learn More →bitcoin hoy investingInterested in other places inside United States?bitcoin export walletYou can also find trades in whole United States.bitcoin hits 1600Buy bitcoins online in United States Seller Payment method Show more… Buy bitcoins with cash near dallas, US Seller Location Show more on map for buying bitcoins with cash Sell bitcoins online in United States Buyer Payment method Show more… Sell bitcoins for cash near dallas, US Buyer Location Show more on map for selling bitcoins for cash

Let's get together to discuss Bitcoin, encourage local merchants to accept them, and trade with them./groups/DallasBitcoin/ /DallasBitcoin Log in with Facebook to find out By creating a Meetup account, you agree to the Terms of Service Welcome Dallas Bitcoiners!Upcoming Suggested Past Calendar Recent Meetups Yesterday · 11:30 AM Proof of Lunch: A Bitcoin & Blockchain Conversation 16 Bitcoiners Join us for Proof of Lunch ("POL") every Friday for a casual lunch with Bitcoin & Blockchain enthusiasts at the Quarter Bar.We welcome those interested in Bitcoin &... Learn more June 16 · 11:30 AM Proof of Lunch: A Bitcoin & Blockchain Conversation 10 Bitcoiners Join us for Proof of Lunch ("POL") every Friday for a casual lunch with Bitcoin & Blockchain enthusiasts at the Quarter Bar.We welcome those interested in Bitcoin &... Learn more June 15 · 7:00 PM CryptoParty DFW 15 Bitcoiners CryptoParty DFW has their own Meetup Page.

The events are posted on the Bitcoin Meetup, but please trust dates and times on their site over the Bitcoin site for... Learn more June 13 · 6:30 PM Bitcoin Downtown Meetup 24 Bitcoiners | 5.002 Bitcoin Meetup @ Downtown Dallas.We'll be on the 9th floor.Come talk about bitcoins and hangout with other bitcoiners!Feel free to show up whenever you can.Metered... Learn more June 9 · 11:30 AM Proof of Lunch: A Bitcoin & Blockchain Conversation 25 Bitcoiners Join us for Proof of Lunch ("POL") every Friday for a casual lunch with Bitcoin & Blockchain enthusiasts at the Quarter Bar.We welcome those interested in Bitcoin &... Learn more What's new More New RSVP Greg H. RSVPed for Saturday Satoshi Square - Bitcoin Social New Member Greg H. joined New RSVP Gerry R. RSVPed for Bitcoin Brunch New RSVP Hari M. RSVPed for Proof of Lunch: A Bitcoin & Blockchain Conversatio­n New Member Hari M. joined New RSVP Bruce T. RSVPed for Bitcoin Brunch New RSVP prof.pieters RSVPed for Proof of Lunch: A Bitcoin & Blockchain Conversatio­n New RSVP Shawn RSVPed for Proof of Lunch: A Bitcoin & Blockchain Conversatio­n New Member Sailendra M. joined New Member KScott joined