Operating Your Own Bitcoin ATM

The demand for effortless and easy Bitcoin exchanging service everywhere is increasing globally. People are more interested in Bitcoin, and more shops accept Bitcoin everyday, both offline and online. The usability of Bitcoin is increasing, so more people want to hop the Bitcoin train everyday. Also remittance use is increasing - on LocalBitcoins we have seen volumes in developing countries increasing, along the more developed countries.

How It Works

LocalBitcoins ATM is an affordable and robust machine for automatizing your Bitcoin exchange business. The LocalBitcoins ATM is unique because it does not require internet connection, but the exchanging happens on the LocalBitcoins website. The ATM works as a simple and safe cash-box. This makes the ATM very robust. The ATM has 30-note recycler, which also increases mainteinability and makes the process robust. The customers who withdraw can get the same notes that other customers deposit.

This makes the operators work easier. The operators has to take care that he has enough Bitcoins to sell, empty the cash box when full, and take care that there are notes in the ATM for customers to withdraw.

Development and Support

The ATM is upgradeable, and we are constantly working on improving the features of the ATM. Buying and selling rates can be easily changed via admin interface, as well as otherwise the ATM can be easily monitored via web interface. Also historical rates per atm are viewable via charts.localbitcoins.com .

Graphics and stickers for the ATM can be made by you to fit local needs. Also we can help you setupping the look of the ATM.

We have been testing two ATM's in Helsinki for about four months and they have been functioning well. Development has been going on simultaneously and we have pretty much dealt with all the minor issues we’ve encountered during the test period. We have simple, fast and reliable product that end users have fallen in love with. The ATM have been handling more than 300 BTC volume with premiums between about 5-8%, paying themselves back in just couple of months. This is very well, because Helsinki is a small city and there are also competing ATM's in the city.

Marketing Support

As the globally leading Bitcoin exchanging platform, we can offer a prime position for your ATM on our web page. LocalBitcoins is the number one site globally where people come to exchange bitcoins to cash and back. We will publish a blog post and otherwise promote for each installed location to add the visibilxity. And of course your ATM's will be prominently displayed on the LocalBitcoins site as well.

You can design the look of the ATM locally suited for your operation, but also LocalBitcoins can help you tailor your marketing materials and needs.

Contact

Questions? Comments? Requests or suggestions? Send them to [email protected].

Specifications

Download full operating manual from here!

Model LocalBitcoins Bitcoin ATM version A3
Capacity 300 notes in the stacker + 30 notes in the recycler
Accepted bills All banknotes where the size is inside of the range (width) 60-82 millimeters, and (length) 115-150 millimeters. The device can accept 6 different kind of bills from the selected currency. The device can be programmed to handle almost any known currency, but only one can be used at the time.
Size(w/h/d) 318 x 340 x 264 millimeters
Weight 15 kg
Locks Two Abloy Standard Locks

Pricing

The price is only 1699 eur (+ VAT for EU customers). The machine works both ways, it can take and hold 300 bank notes, and give out up to 30 bank notes. It supports numerous currencies all around the world. There is a fee of 1% per transaction from LocalBitcoins in Bitcoins. The operator can define the buying and selling prices, which are updated automatically - operator doesn't have to worry about Bitcoin price fluctuations. The operators make the profit on the spread. In the first ATM's, the premium has been around 5-8%.

Ordering

We are accepting orders for the ATM through our online store.

Localbitcoins Store