DOSHOST.net – DigitalKioskSystems.com is excited to share that our Project SkyHook Bitcoin ATM Kiosk is open for business in Grand Forks, North Dakota! Monday through Friday 8am to 5pm ~ by appointment. Please fill out the form below or call 701.203.2002 to request an appointment. Appointments are required and drop-in customers will be asked to visit this website form or call 701.203.2002 to request an appointment.
Bitcoin ATM Kiosk Location:
DOSHOST.net – Daniel Schott
4200 James Ray Dr
Grand Forks, ND 58202
Important information for customers:
The purpose of this Bitcoin ATM Kiosk is educational and we hope to provide a safe learning environment for those interested in Bitcoin.
Customers that are approved for an appointment will be required to provide; government issued ID, address information, and a phone number.
Customers will be required to sign a waiver that they do not intend to use the bitcoin for unlawful activity.
We have decided to rename our Bitcoin Meetup to “Grand Forks Bitcoin Education Classes”. The new name will help everyone understand our intentions for the meetup. Our goal is to provide free educational sessions to those interested in the new technology of digital currency (Bitcoin).
Individuals from Eastern North Dakota interested in learning about digital currency (Bitcoin). Free class sessions will be provided for individuals to share ideas and learn more about Bitcoin. Meetup participants are invited to use the meetups for only educational purposes. Everyone is welcome and all meetups are completely free to attend.
Bitcoin ATM Comes to North Dakota – First in the State
DOSHOST.NET, based in Grand Forks, North Dakota today announced North Dakota’s first Bitcoin Automatic Teller Machine. Unlike traditional ATM’s used to deposit or withdraw money from a bank account, the bitcoin ATM enables the public to buy bitcoin digital currency. When customers buy bitcoin from the ATM it is directly deposited in each customer’s bitcoin electronic wallet. Manufactured by Skyhook, the ATM is light-weight and transportable, allowing DOSHOST.NET to bring it directly to interested customers.
DOSHOST.NET has been in discussion with North Dakota’s Department of Finance as well as State Senators to make them aware of this new service and to allow input from State government on how they would like to see it used.
Daniel Schott, CEO at DOSHOST.NET, explained that once approval is finalized, “We will begin transporting the ATM to various locations across the state because we know there are many people in North Dakota who would like to own bitcoin currency. This ATM gives consumers an easy and secure method to exchange dollars for bitcoin.”
Bitcoin digital currency is being accepted by a growing number of online retailers. Overstock.com, Expedia and Tiger Direct are a few of the most recent national companies announcing they now accept payment for goods and services with bitcoin. King’s College in New York City also reports it will accept bitcoin in payment for tuition and other college expense, claiming it reduces costs compared to conventional payments.
How It Works
DOSHOST.NET’s new ATM gives users an easy way to buy bitcoin. The customer displays a QR code from his or her smartphone bitcoin wallet app. There are no cards to swipe or PIN’s to enter. The ATM scans the QR code and registers the customer’s bitcoin wallet as the destination for the transaction.
Then, the customer inserts cash into the ATM. The ATM counts the cash and presents a screen that shows the equivalent bitcoin value. With one bitcoin trading at around $565 today (June 21, 2014), a $20 purchase deposits slightly more than 0.035 BTC into the customer’s wallet.
What Is Bitcoin?
Bitcoin is a digital currency, not a physical coin or bill. It is created by a decentralized, worldwide peer-to-peer network that manages and tracks every transaction no matter where it originates. The network uses military grade cryptographic procedures to enforce security. As a result, transactions using bitcoin are extraordinarily secure. There are no PIN numbers, credit card numbers or CVV numbers to be stolen. Everything is handled through your electronic wallet that connects you to the network.
How Do I Spend Bitcoin?
Once you’ve received bitcoin, spending it (or saving it) is simple. Your wallet allows you to buy online from any vendor anywhere that accepts bitcoin. A domestic or even an international transaction typically takes only about 10 minutes to complete and be verified. During that time there are no banks or credit card companies applying fees to the transaction. In fact, the bitcoin network itself charges no fees except in the case of very small purchases – and then those fees are as little as 10 to 40 cents.
What You’ll Need
Because bitcoin is a form of currency, tax regulations apply to your ownership of bitcoin. Customers should be prepared to present a valid government-issued ID and to provide contact information including legal name, address and phone number. Using a smart phone is the easiest way to buy bitcoin, however the DOSHOST.NET ATM can scan an electronic wallet’s QR code even from a copy printed on paper.
Bitcoin ATM’s installed elsewhere may use “exchanges” at various international locations to transfer bitcoins to one’s wallet. However, this ATM draws its bitcoin payment directly from DOSHOST.NET’s electronic wallet, giving customers far superior service and compatibility with state laws.
Individuals buying bitcoin from online exchanges generally find it takes up to four days to fund a purchase and the sites require that you upload your personal information to their website, which could make your information vulnerable. Further, exchanges only accept purchases paid by wire transfer, thus adding unnecessary cost to your purchase.
For More Information …
DOSHOST.NET is a technology consulting firm that offers Bitcoin mining and consulting among its many professional services. As scheduling North Dakota’s new bitcoin ATM at locations throughout the state begins, please check our website or social media pages for a current itinerary. You can reach us directly by email and phone as well. We look forward to serving you as the bitcoin economy continues to grow, and to give you a secure and easy way to become part of it.
DosHost.Net would like to organize a new meetup for Eastern North Dakota Bitcoin Users. Check out the meetup page and consider joining. This group will do its best to help beginner bitcoiners, bitcoiners looking to send bitcoins to family in other parts of the world, bitcoin merchants, bitcoin miners, and bitcoin commodity traders