BTC buy: Bitcoin ATM (ATM), now in Germany

the Bitcoin can now be bought in selected locations within Germany are also on the machine. After some legal difficulties, the operator, the vending machines yet.

By Phillip Horch
At the 2. May 2019BTC$5.474,00 2.74%part Facebook Twitter LinkedIn xing mail

The one or the other may: Bitcoin ATMs it had in Germany so far. Some brave pioneers have already tried, what is the issue; on the instructions of the Federal financial Supervisory authority (BaFin) had to switch it off again. In October of last year, the Berlin court of appeal ruled, however, that the BaFin had overstepped its competences. With other words: The Bitcoin trade is not punishable.

BTC ATM at four sites in Germany

Then some of the Bitcoin pioneers decided Bitcoin vending machines and to operate them also. Accordingly, the Freefall ATM, Bitcoin42, as well as the Frankfurter Ring GmbH, in cooperation with the Bundesverband Bitcoin, according to a press release issued in Germany a total of four BTC ATM. These are now available at the following locations:

Room77, Graefestr. 77, 10999 BerlinDamla Market + Grill, Karl-Heinrich-Ulrichs-Straße 4, 10787 Berlin Susannen Kiosk, Susanne Street 13, 20357 Hamburg Block Chain Hotel / Unperfekthaus, Friedrich-Ebert-Str. 18-26, 45127 Essen (7,90 Euro entrance incl. Soft drinks & coffee)

Like us, Alec Hahn from Bitcoin42 told on the phone, the BaFin already with a cover Letter. However, until the legal Situation is ultimately resolved, will remain in the vending machines. First of all, the machines work only in one direction – you can buy only Bitcoin, a second Option is to sell Bitcoin, is already in planning. To do this, Alec tap:

The Installation of the Bitcoin ATM is a huge step for the Adaption in Germany, because it provides a trusted bridge between the abstract virtual world into the physical, and the other way around. In particular, for the huge, so-called "unbanked" population, inter alia, stateless persons and migrants, non-bureaucratic, decentralized structure of Bitcoin in some scenarios is a blessing, since it works in crisis situations, very reliable and a vital connection offers, in order to overcome financial hurdles.

KYC and fees of the German Bitcoin ATM

The KYC-free limit is 500 Euro, for higher amounts will need to verify users at ATMs with your card. The new BTC-machines can't do (yet) without any fees: In the case of a withdrawal of 4.5 percent of the fees. Who wants to buy the machine in the block chain hotel in Essen, you must also pay an entrance fee of € 7.90, you get however, soft drinks & coffee, Gideon Gallasch from the block chain hotel compared to BTC-ECHO:

The Blockchain entrepreneurs in Germany: Finally Bitcoin ATM, regulated STO, high-quality international conferences, the Ecosystem. Time to go of the brake, love politics!

While the machines in Essen and Berlin are already in operation, have to wait Hamburger Bitcoiners one more thing – here the machine is only 7. May go into operation.

in order for Germany includes in terms of adaptation, finally; in neighboring countries, such as Austria and Switzerland, you can buy Bitcoin already on the machine.

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