I'm a trader on localbitcoins
https://localbitcoins.com/accounts/profile/nagleatorcoin/
I'm aware of how ATM's work as I have had several conversations with Bitcoin ATM operators in the US.
What is the one of the biggest costs for an ATM operator?
Cash management
Is there more demand for buying Bitcoin or selling Bitcoin?
Much greater demand for buying
This leaves operators with lots of cash, ideally an ATM buy and sell volume would match leaving no cash management. Of course this is not the case so often operators in the US have a zero fee when a customer is selling Bitcoins!
So that's why I was asking!
I have placed an ad on LocalBitcoins but instead of waiting for someone to contact me thought I might be able to find someone. I have one solution that can work, the emergency cash option that Natwest, Ulster and RBS use but don't want to be reliant on just that.
What I'm trying to do is avoid any currency conversion fees I would pay converting my Euro to Sterling while in London! Also going to try and only spend Bitcoin where possible so any suggestions on where to spend my Bitcoin while in London is also appreciated!
https://localbitcoins.com/accounts/profile/nagleatorcoin/
I'm aware of how ATM's work as I have had several conversations with Bitcoin ATM operators in the US.
What is the one of the biggest costs for an ATM operator?
Cash management
Is there more demand for buying Bitcoin or selling Bitcoin?
Much greater demand for buying
This leaves operators with lots of cash, ideally an ATM buy and sell volume would match leaving no cash management. Of course this is not the case so often operators in the US have a zero fee when a customer is selling Bitcoins!
So that's why I was asking!
I have placed an ad on LocalBitcoins but instead of waiting for someone to contact me thought I might be able to find someone. I have one solution that can work, the emergency cash option that Natwest, Ulster and RBS use but don't want to be reliant on just that.
What I'm trying to do is avoid any currency conversion fees I would pay converting my Euro to Sterling while in London! Also going to try and only spend Bitcoin where possible so any suggestions on where to spend my Bitcoin while in London is also appreciated!