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Coinme Is Establishing BTC Kiosks Throughout the Sunshine State

Coinme – a bitcoin kiosk company operating in the United States – has just installed approximately 300 separate bitcoin cash machines throughout the region of Florida, thereby allowing people to trade bitcoin for cash and vice versa and potentially boost further purchases with cryptocurrency. Coinme Is Building a Crypto Kiosk Community The company is hoping to start out small. Most of the kiosks have been stationed in grocery outlets and similar establishments. This, executives hope, will prompt people to begin making occasional everyday purchases with bitcoin. Should you need to run to the store to buy milk, bread and eggs, you can…

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How to Safely Use a Bitcoin Kiosk

How to use a bitcoin kiosk near me or in my area safely? Bitcoin kiosk are the bidirectional bitcoin ATMs that allow users to both purchases or sell bitcoins offline using cash deposit or cash method. One of the greatest parts of using a bitcoin kiosk is that there’s no pressure of searching for a third-party buyer or seller online. Keeping in mind a few safety guidelines can help you eliminate the risk by 100% and go on investing in bitcoin without any stress. Here’s a stepwise guide on how to use a bitcoin kiosk to buy/sell bitcoin safely: STEP…

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Starting a BTC ATM Business? Some Advice from Crypto Crow. Part 2.

In the second video of the Crypto Crow Bitcoin ATM Business series, you will find out more about banking, AML/KYC, Compliance, and FinCEN. Jason will also reveal some shady practices performed by Bitcoin ATM Operators which will trigger a discussion about business ethics. The Hardware After going through all of the options that we mentioned in the previous post, from General Bytes to Alibaba, he decided to buy the machines at BitAccess. The thing he liked the most is that they were very helpful from the start all the way up to the shipping of the machines. His first order…

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How to Buy BTC Online Safely?

How to buy BTC online safely? The craze of bitcoin has been going around for a decade now. It is one of the primarily known cryptocurrencies globally with a countable level of stability and up to 25% possible return on investment. When the chances of profit are this high, everyone wants to buy BTC online. However, the “risk” factor in purchasing cryptocurrencies online has been one of the most significant barriers for newcomer investors in the industry. Bitcoin does not simply belong to an online website that deals in BTC with the governmental authorities. But, cryptocurrencies like bitcoin, litecoin, and…

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How Crypto ATM Operators Ensure Compliance – Accounting

In the United States, the IRS views cryptocurrency as a property (for businesses) [1]. This means all cryptocurrency related transactions must be tracked and the capital gain/loss accounted for. To ensure compliance and to prepare for any potential audits, transaction records should be kept for 7 years as recommended by the IRS, this means safeguarding 7 years worth of cryptocurrency transaction records for operators [2]. Below are some common taxable events operators may encounter: Purchase of goods and services using cryptocurrency Disposition of cryptocurrency in exchange for fiat Exchanges of cryptocurrency to another Airdrops Mining Operator Challenges in Cryptocurrency Accounting…

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What is the best way to find a Bitcoin ATM?

Are you eying for a bitcoin ATM on your way home but couldn’t locate one? To begin with, finding a bitcoin ATM that works as per your requirement: whether to buy or sell bitcoins can be demanding as you must acknowledge the type of machine. However, it is hardly possible to tell the kind of bitcoin machine by seeing its outer surface. Hence, one needs to go to the services given on the screen to see whether a bitcoin ATM permits to sell bitcoin, buy bitcoin or both. In this busy era, one may not have enough time to check…

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Starting a BTC ATM Business? Some Advices from Crypto Crow. Part 1.

This video is the first of a series where you will hear Jason Appleton from Crypto Crow talk about his hands-on experience in starting a Bitcoin ATM business. The purpose of these videos is to educate you on the ups and downs and everything from machines, legal, compliance, marketing, and more. At first, Jason contemplated on starting an exchange business but quickly dropped it after he found out that there are a lot of gray areas and he was not comfortable with that. So he decided to go with Bitcoin ATMs, as he thinks that you can get into the…

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What is a Bitcoin Kiosk?

What is Bitcoin Kiosk? How to use Bitcoin Kiosk near me? Bitcoin has become the most prominent cryptocurrencies in the world. From the general public to high-end investors, everyone is interested in purchasing bitcoin due to its on-growing monetary value in the market. Now, in the United States, Bitcoin ATMs have been installed for people to purchase or sell bitcoin anytime and anywhere. To begin with, by using bitcoin Kiosk, bitcoin buyers and sellers have been revived from the risk of fake gaming sites that claim to reward in bitcoins, but never do! What is Bitcoin Kiosk? Now, if you…

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Bringing the Unbanked into the Financial World with Brandon Mintz

In this video, you will hear Brandon Mintz, the founder, and CEO of Bitcoin Depot, one of the first professional OTC crypto trading companies in the world. Bitcoin Depot is also the fastest-growing company and one of the household names in the Crypto ATM space. He will talk about how he got into crypto, how he started his company, and managed to scale it to one of the largest Bitcoin ATM companies in the world. He will also discuss how unbanked people are realizing the power of crypto. The Beginning Of course, Brandon started off with how he got into…

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Bitcoin of America Hits a New Milestone: 600 Plus Locations

Bitcoin of America has just surpassed 600 ATM locations! This marks a new milestone as Bitcoin has seen its biggest year yet. Bitcoin of America is placing around 60-80 locations a month and this number continues to rise! It is no surprise that Bitcoin ATM locations have continued to expand rapidly as the price of Bitcoin has gone through the roof. It has been an exciting year for crypto lovers and the future is looking optimistic! Where can you find a Bitcoin ATM location? Bitcoin has been a popular subject recently as its value has skyrocketed! This news has left…

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Building Bitcoin ATMs with Moe Adham

In this interview, held in August 2019, you will hear Moe Adham from the Canadian Bitcoin powerhouse Bitaccess. He talked about Bitcoin ATM adoption, volume, and how they are at the front line of the Bitcoin industry. Founding of Bitaccess To start the interview, Moe talked about how he got interested in crypto somewhere at the beginning of the decade when he was a nanotechnology student in Switzerland. He used his knowledge in FPGA programming to start mining and fell in love with Bitcoin instantly. Shortly after he came back home to Canada so he can dedicate his time to…

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Interview – Bitcoin ATMs with Martijn Wismeijer

In this interview, you will hear Martijn Wismeijer who works at one of the biggest Bitcoin ATM manufacturers in the world General Bytes, talking about Bitcoin ATMs and some other interesting stuff related to crypto. Link to the episode: https://cryptonewsweekly.podbean.com/e/interview-bitcoin-atms-with-martijn-wismeijer/ The beginning Like most people, Martijn got into crypto accidentally, while he was looking for a job. He first got into mining and after he mined his first 50 coins he interestingly got rid of them because he thought that he will never get any use of them. This was a decision which he now deeply regrets. He got back…

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CoinFlip Launches Bitcoin-Enabled Gift Card Marketplace

This is a promoted article provided by CoinFlip. Despite the progress that Bitcoin has made since its inception in filling the cavernous gaps in the financial system and providing relief to the world’s underbanked, there are some areas where more growth is still desperately needed. But now, with a new service in addition to its legacy offerings, CoinFlip is addressing those areas of need on two fronts. CoinFlip already operated some 950 Bitcoin ATMs across the country, offering one of the most friction-free and critical entry points to BTC for those who are underserved by legacy financial institutions. Users can…

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Bitcoin ATMs Surpass 10,100 Worldwide: Expert Shares Industry Outlook

The bitcoin ATM industry has reached a milestone as the number of machines installed worldwide has surpassed 10,000 after seven years since the first machine was installed. There are now 10,162 bitcoin ATM locations spread across 71 countries. Number of Bitcoin ATMs Exceeds 10K The number of cryptocurrency ATMs has grown significantly over the years, surpassing 10K last week. “It took industry roughly 7 years to reach this point since the first permanent bitcoin ATM installation in the end of 2013,” cryptocurrency ATM tracking website Coinatmradar wrote. “After the first 3.5 years, there were 1,000 active bitcoin ATMs in operation,…

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Bitcoin ATMs 7 years: from 0 to 10000

Bitcoin ATMs installations exceeded 10’000 locations across the globe. It took industry roughly 7 years to reach this point since the first permanent bitcoin ATM installation in the end of 2013 (there is still a bitcoin ATM at this location in Vancouver at Waves Coffee House). Looking back at traditional bank ATMs, it took banks 9 years to install 10’000 ATMs, so the pace of bitcoin ATM installations is quicker than for bank ATMs back in the 70-s. Interesting fact: After the first 3.5 years there were 1000 active bitcoin ATMs in operation, over the next 3.5 years this figure…

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Interview: BelcoBTM CEO Elena Belyayeva

In this interview, you will hear Tony from Thinking Crypto talking to Elena Belyayeva who is the CEO of BelcoBTM. She will talk about Buy and Sell bitcoin machines, a new Mobile App, and adding new coins to their ATMs among other stuff. The History of BelcoBTM The idea for BelcoBTM started in 2015/16 when Elena first got into Crypto. She was working for a financial company and looking to transition into opening her own business. She had a feeling that crypto will be booming and noticed that there were very few ATMs at the time so she made a…

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Interview with Chris McAlary, the CEO of Coin Cloud

In this podcast, you will hear Mike Townsend interviewing Chris McAlary, the CEO of Coin Cloud, which is the world’s largest Bitcoin ATM Company with over 800 machines (and growing), all of which allow two-way transactions of Bitcoin and 29 altcoins. Being that Coin Cloud has a plan to overcome the 1000 ATMs margin in the next couple of months, it is logical that their plans are also related to expanding overseas. According to Chris, their next country will be Brazil. As he explains, it is especially suitable for Crypto ATM business because of its cash-intensive economy, where more than…

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3 People Arrested in Hong Kong for Cheating Bitcoin ATMs

The authorities in Hong Kong have arrested three people in connection with robberies from six bitcoin ATMs after two cryptocurrency exchanges reported funds being illegally withdrawn from them. 6 Bitcoin ATMs Targeted The Hong Kong Police Force’s cybersecurity and technology crime bureau has arrested three people after two cryptocurrency exchanges filed reports that funds had been withdrawn from six bitcoin ATMs without authorization, the South China Morning Post reported Saturday. The suspects are allegedly core members of a larger syndicate, the police claim. The robberies and arrests took place over two days, on Thursday and Friday, in Mong Kok, Hong…

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Hong Kong Police Apprehends BTC ATM Thieves Who Stole $30,000

The Hong Kong police have successfully arrested the thieves that stole $30,000 from bitcoin ATMs as we have reported previously in the Bitcoin news today. The Hong Kong police arrested three men after their alleged involvement of stealing more than $30,000 from Bitcoin ATMs in the territory. The arrested men ranging from 26 to 55 exploited six different BTC ATM machines and manipulated them into cashing out Hong Kong dollar equivalent of more than $30,000 US dollars according to an article from the South China Morning Post, stating that the robbers took the cash out in 11 transactions. Hong Kong…

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Germany Begins Closing Down All Unlicensed Bitcoin ATMs

Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.Bitcoin.com. All Unauthorized Bitcoin ATMs to Shut Down German financial regulator BaFin has begun actively closing down all unlicensed bitcoin ATMs in the country. This followed Germany’s new regulation that went into effect in January, requiring crypto service providers to obtain authorization from BaFin. A spokesperson for BaFin told news.Bitcoin.com: Currently, BaFin is taking action to shut down all bitcoin ATMs which are set up and operated without authorisation…

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