Bitcoins are a Cryptocurrency and a digital payment system. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a publicly distributed ledger called a block chain. Since the system works without a central repository or single administrator, Bitcoin is called the first decentralized digital currency.
We recommend you download a mobile wallet before visiting one of our machines. Just type Bitcoin wallet in Google play store or Apple app store and download it. Though our machines do issue paper wallets and NFC cards. You will also need your identification papers and a mobile phone. This is because of the Dutch legislation.
The maximum per wallet per transaction is €1000. A registered client can do up to €3000,- per day.
To register you must physically go to a Bitcoin ATM with your id. Once there choose to become a registered client. You will input your mobile phone number. Then you will receive a code. Type the code in. Then you be asked to scan your id (both back and front). Then you will be prompted to pose for a photo. This is necessary to combat fraud.
We charge €1 for buying Bitcoin, and €3 for selling. This is due to the system we use charges our company a small amount for these transactions. For Litecoin, Ethereum and Bitcoin Cash transactions there are no fees.
For Bitcoin our rates are 5%, for Ethereum it is 7.5% and for Litecoin it is 10%. We take our price from kraken.com
That is good news. Please write a short mail describing your business and put your location too. We will send you an information pack with all relevant details about hosting a Bitcoin ATM
What do we do with your personal information?
Your personal information (phone number, id scan, selfie photo) is stored on our server. Only our compliance staff at Bgst Atm can view it. If you’d like to anonymize your information from our staff please write an email
We never share your personal information with a 3rd party. Except for checking identification papers (like pasport/drivers license) on authenticity. We use Datachecker for this. We follow the Dutch WWFT (Wet ter voorkoming van witwassen en financieren van terrorisme) regulations with reporting
cash transactions. We also follow EU GDPR regulations when making these reports. If you’d like to know more
about our policy please contact us at email@example.com
1 Find your nearest location. Check opening times and status
2 Download a Bitcoin wallet, eg. Jaxx
3 If you plan to buy or sell then bring identification and your mobile phone.
4 Contact us if you have any questions
1 Open your Bitcoin wallet
2 Press receive to bring up a QR code
3 Scan your QR code on the BATM
4 Insert the bills one at a time until you are finished
5 Press buy now
1 Choose the amount you would like to sell
2 Take the receipt with the QR code and info
3 Open your Bitcoin wallet
4 Choose send then scan the QR code on the receipt
5 Press send
1 Choose to receive a receipt or not
2 Within 60 minutes the coins will be seen on your wallet
1 Wait for 1 confirmation on the blockchain network
2 Scan the QR code from the receipt
3 Take your cash