{"id":93281,"date":"2019-07-08T11:34:50","date_gmt":"2019-07-08T18:34:50","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/?p=93281"},"modified":"2019-07-15T16:24:38","modified_gmt":"2019-07-15T23:24:38","slug":"update-building-and-placing-a-bitcoin-atm","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2019\/07\/update-building-and-placing-a-bitcoin-atm","title":{"rendered":"Update: Building (and placing!) a Bitcoin ATM"},"content":{"rendered":"<p style=\"text-align: center\"><span style=\"color: #ff9900\"><span style=\"font-size: 12pt\"><span style=\"font-family: 'times new roman', times, serif\"><em>A new section: <\/em><\/span><\/span><span style=\"font-size: 12pt\"><span style=\"font-family: 'times new roman', times, serif\"><em>Bitcoin ATM business <\/em><\/span><span style=\"font-family: 'times new roman', times, serif\"><em>model<br><\/em><\/span><\/span><\/span><span style=\"color: #ff9900\"><span style=\"font-size: 12pt\"><span style=\"font-family: 'times new roman', times, serif\"><em>has been added. Jump to \u201c<strong><a style=\"color: #ff9900\" href=\"#urgency\">2019 Update<\/a>\u201d<\/strong><\/em><\/span><\/span><\/span><\/p>\n\n\n<p>The good news is that building a Bitcoin ATM is easy and less expensive than you might expect. But, offering or operating them engulfs the assembler in a regulatory minefield! It might just be worth sticking to selling bitcoin on PayPal (<a href=\"https:\/\/www.mamooti.com\/exchange\/sell-bitcoin-to-paypal\/\">visit this website<\/a> for more information on that). You might also wish to <strong><em>rethink your business model<\/em><\/strong> \u2014especially user-demand. That\u2019s the topic of our 2019 update at the bottom of this article.<\/p>\n\n\n\n<p>A photo of various Bitcoin ATMs appears at the bottom of this article. My employer, Cryptocurrency Standards Association, shared start-up space at a New York incubator with the maker of a small, wall mounted ATM, like the models shown at top left.<\/p>\n\n\n\n<p><strong>What is Inside a Cryptocurrency ATM?<\/strong><\/p>\n\n\n\n<p>You could cobble together a Bitcoin ATM with just a cheap Android tablet, a camera, an internet connection, and [optional]: a secure cash drawer with a mechanism to count and dispense currency).* A receipt printer that can also generate a QR code is a nice touch, but you don\u2019t really need one. You can use your screen for the coin transfer and email for a receipt.<\/p><div class=\"more-link-wrapper\"> <a class=\"more-link\" href=\"https:\/\/lifeboat.com\/blog\/2019\/07\/update-building-and-placing-a-bitcoin-atm\">Continue reading \u201cUpdate: Building (and placing!) a Bitcoin ATM\u201d | &gt;<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>A new section: Bitcoin ATM business modelhas been added. Jump to \u201c2019 Update\u201d The good news is that building a Bitcoin ATM is easy and less expensive than you might expect. But, offering or operating them engulfs the assembler in a regulatory minefield! It might just be worth sticking to selling bitcoin on PayPal (visit [\u2026]<\/p>\n","protected":false},"author":353,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1761,39],"tags":[2998,2997,2161,2995,2999,2871,3386,1884,2996],"class_list":["post-93281","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrencies","category-economics","tag-atm-licensing","tag-atm-regulations","tag-bitcoin","tag-bitcoin-atm","tag-bitcoin-licensing","tag-bitcoin-regulations","tag-business-model","tag-cryptocurrency","tag-cryptocurrency-atm"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/353"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=93281"}],"version-history":[{"count":6,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93281\/revisions"}],"predecessor-version":[{"id":93693,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93281\/revisions\/93693"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=93281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=93281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=93281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}