Cointed ICO Continues: Will Crypto ATMs Become the Easiest Way to Buy?
- The company controls 100 ATMs spread across Europe and has plans to expand.

So far, Cointed has installed 100 ATMs across four countries in Europe. The Cointed exchange, which has been up and running for several years, supports more than 15,000 users. Additionally, Cointed owns and operates two 400GH/s crypto 'mining farms' in two separate countries. The ATMs support the buying and selling of Bitcoin, Ethereum, and several altcoins, including Dash. Cointed also offers a debit card to its users.
Cointed’s ICO, which began on October 20th, is currently underway. Holders of the CTD token will reportedly have access to lower Cointed ATM fees.
Cointed’s Analogue Platform Allows for Lower Fees than Industry Average
Cointed is well-positioned to gain greater footholds in the European market, but it is far from being the largest or most well-known manufacturer of Bitcoin ATMs. Genesis Coin currently operates 44.4% of all of the Bitcoin ATMs in the world; according to a report from the Merkle released earlier this year, the company has manufactured more than 500 functioning ATMs.
Israel-based Lamassu is also at the forefront of the worldwide BTC ATM industry, as it was the first company to invent ATMs that could instantly convert fiat to BTC and vice versa.
The thing that Cointed may have on its competitors is its low fees. Cointed is responsible for the manufacturing, installation, and maintenance of its own ATMs. Although geographic location certainly presents an obvious barrier to some hopeful Cointed users who may be located too far away from any Cointed ATM locations to use them, those who are able to access Cointed ATMs enjoy the benefits of lower fees.
The method of horizontal integration utilized by Cointed has the practical effect of reducing the costs associated with paying a third-party company to keep ATMs running, which allows Cointed to charge between 2.5 - 4.5% to buy and 1 - 3% to sell Bitcoin, while the industry average sits somewhere around 8% to buy and 4% to sell.
There are several other factors contributing to Cointed’s ability to keep costs low. In addition to the fact that Cointed runs its own exchange, Cointed ATMs have been equipped with the company’s own API. Additionally, Cointed’s central servers are reportedly very well-maintained with an efficient cooling system that keeps maintenance costs low.
Crypto ATMs: A Growing Trend?
Cointed is not the first company to conceive of or implement the concept of a cryptocurrency ATM. In fact, the first Bitcoin ATM appeared in Vancouver, Canada, in 2013. It was installed by Robocoin, which ceased all operations last year.
The United States saw its first publicly available Bitcoin ATM in 2014 in Albuquerque, New Mexico; since then, more than 800 Bitcoin ATMs have been spread across dozens of cities in the United States. According to a Boston Globe report that was released in mid-July, fees at some US Bitcoin ATMs can be as high as 16%.
Hopefully, usability need not always come at such a high price. The fact is that fair pricing and user-friendliness must work in tandem with each other in order to really Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. Read this Term the gap between the esoteric world of cryptocurrency and the world of 'traditional' financial systems. ATMs, as a familiar part of the daily lives of people in much of the world, are a great place to begin. If Cointed can manage to continue its trends of efficiency, low-costs, and ease-of-use, it may be onto something.
So far, Cointed has installed 100 ATMs across four countries in Europe. The Cointed exchange, which has been up and running for several years, supports more than 15,000 users. Additionally, Cointed owns and operates two 400GH/s crypto 'mining farms' in two separate countries. The ATMs support the buying and selling of Bitcoin, Ethereum, and several altcoins, including Dash. Cointed also offers a debit card to its users.
Cointed’s ICO, which began on October 20th, is currently underway. Holders of the CTD token will reportedly have access to lower Cointed ATM fees.
Cointed’s Analogue Platform Allows for Lower Fees than Industry Average
Cointed is well-positioned to gain greater footholds in the European market, but it is far from being the largest or most well-known manufacturer of Bitcoin ATMs. Genesis Coin currently operates 44.4% of all of the Bitcoin ATMs in the world; according to a report from the Merkle released earlier this year, the company has manufactured more than 500 functioning ATMs.
Israel-based Lamassu is also at the forefront of the worldwide BTC ATM industry, as it was the first company to invent ATMs that could instantly convert fiat to BTC and vice versa.
The thing that Cointed may have on its competitors is its low fees. Cointed is responsible for the manufacturing, installation, and maintenance of its own ATMs. Although geographic location certainly presents an obvious barrier to some hopeful Cointed users who may be located too far away from any Cointed ATM locations to use them, those who are able to access Cointed ATMs enjoy the benefits of lower fees.
The method of horizontal integration utilized by Cointed has the practical effect of reducing the costs associated with paying a third-party company to keep ATMs running, which allows Cointed to charge between 2.5 - 4.5% to buy and 1 - 3% to sell Bitcoin, while the industry average sits somewhere around 8% to buy and 4% to sell.
There are several other factors contributing to Cointed’s ability to keep costs low. In addition to the fact that Cointed runs its own exchange, Cointed ATMs have been equipped with the company’s own API. Additionally, Cointed’s central servers are reportedly very well-maintained with an efficient cooling system that keeps maintenance costs low.
Crypto ATMs: A Growing Trend?
Cointed is not the first company to conceive of or implement the concept of a cryptocurrency ATM. In fact, the first Bitcoin ATM appeared in Vancouver, Canada, in 2013. It was installed by Robocoin, which ceased all operations last year.
The United States saw its first publicly available Bitcoin ATM in 2014 in Albuquerque, New Mexico; since then, more than 800 Bitcoin ATMs have been spread across dozens of cities in the United States. According to a Boston Globe report that was released in mid-July, fees at some US Bitcoin ATMs can be as high as 16%.
Hopefully, usability need not always come at such a high price. The fact is that fair pricing and user-friendliness must work in tandem with each other in order to really Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metatrader, the world’s most popular trading platform. Bridges can be connecting a broker to a prime of prime or to a prime broker. Connectivity providers are delivering solutions mostly oriented towards the most popular platforms in the market – MetaTrader 4 (MT4) and MT5. The component is another crucial part of proper risk mitigation for the brokerage. The Need for Bridges in Retail TradingGiven the rise of the MT4 and MT5 platforms, there has since arose a need for bridge technology. This is due to the fact that Metaquotes, the company behind MT4, only envisaged their platform being used as a purely an interface client broker trading.This means the broker set the quotes, set the spread, and traded against the client. However, the trader actually had no direct access to the wholesale forex market, yet many brokers were unwilling to let go of MT4 in favor of other platforms which already inherently supported access to the market via Electronic Communications Networks (ECN) due to MT4’s huge popularity and thus potential loss of clients. MetaTrader was not designed to communicate with banks or liquidity providers because Metaquotes didn’t implement the FIX protocol (Financial Information Exchange). The FIX protocol is an electronic communications protocol setup in the early 1990’s to provide worldwide exchange of information in real time with respect to the transactions of financial markets and instruments. As a result, software was developed by third parties to enable MetaTrader to connect traders to the interbank. Read this Term the gap between the esoteric world of cryptocurrency and the world of 'traditional' financial systems. ATMs, as a familiar part of the daily lives of people in much of the world, are a great place to begin. If Cointed can manage to continue its trends of efficiency, low-costs, and ease-of-use, it may be onto something.