The BATMTwo Bitcoin and blockchain based cryptocurrency ATM is our most popular model. It was introduced in February 2014 and was an immediate success. Over the years the BATMTwo model has seen numerous improvements such as added fingerprint reader, ethernet connection, point of sale features, altcoin vending, a metal stand and many other software features.
The BATMTwo is primarily designed to be mounted on the wall. In case you don’t have wallspace available at the location you can mount the machine on our specially designed BATMTwo Stand.
The business model behind Bitcoin ATM’s is to buy crypto-currency on exchanges and sell it with margin to end-users visiting the Bitcoin ATM. Bitcoin ATM’s provide a way for customers to buy crypto-currency in a simple and secure way. Bitcoin ATMs are considered the beacons / lighthouses of the cryptocurrency industry. They help people to get started with Bitcoin and other crypto-currencies and make the world of ‘virtual money’ a little less virtual and easier to understand.
This model is equipped with a high-end banknote validator (also called a bill-acceptor) used for example in many casinos around the world. The validator in the BATMTwo will flawlesly indentify fake and damaged banknotes, protecting your business from crooks.
All of the GENERAL BYTES Bitcoin ATM’s receive new software updates twice a month so your system is always up to date. You, as the owner / operator decide if you want to install these updates.
The BATMTwo Bitcoin and blockchain powered cryptocurrency ATM needs to be connected to the GENERAL BYTES server software. This server software allows for exchange and buyback of sold coins, manages your wallets, configuration, fleet management and many more features. Bitcoin ATM Operators can run their own server software license (preferred) for only 1 USD with purchase of their first machine.
We recommend our clients to install the server software (BATMServer / CAS) on their own hardware or somewhere in the cloud at for example digitalocean.com (only 20 USD/month). If you don’t want to bother to operate your own server we can run it for you at a small fee. First month is free of charge, next month onwards only 0.5% of cash inserted into the machine.