Alphavend has installed a third Bitcoin ATM, representing its second in London with a maximum purchase limit of £1000.
UK Bitcoin ATM provider Alphavend has unveiled its third machine nationally and second in central London.
Located “strategically” on the busy Euston Road near Kings Cross, the machine is hosted by forex dealer No.1 Currency, whose Edinburgh branch already features an Alphavend BTM.
“The location of the Euston Road store, which is open seven days a week, provides a unique business opportunity with annual footfall estimated to be in excess of six mln people,” a release from the company states.
The machine is manufactured by General Bytes and is already listed on CoinATMRadar, an international resource for locating Bitcoin ATMs.
“Buying Bitcoin online, via exchanges, can be time-consuming and complex, and buying through private channels can be risky,” the release continues.
“This […] ATM opens up the world of Bitcoin to the general public, and customers can buy from as little as £5 up to £1,000 per transaction.”
In line with the majority of machines in the UK, commission for purchases is comparatively steep when contrasted with online options such as exchanges and LocalBitcoins. An average 8.3 percent is currently charged.
CoinATMRadar now also lists two ATMs installed in Russia this month, the country’s first to be recognized by the site.
Cointelegraph originally reported on the first installation in St. Petersburg, while a second has now joined nearby and the pioneering machine appears to have been moved to a slightly different location.