I think wheelie bins would be very fine as compost bins with fairly large drainage holes drilled in the bottom. The only trickiness is that you might need to stand on a box to reach in to mix it or see how it's doing.
I think you'd just need the room to tip it out for turning/using @Quartz. It's the only real drawback, although they're also quite big, so you need enough material to fill and leave it, unless you have room for a couple of them etc .
It's a place where beautiful isn't enough of a word....
I live in west central Scotland - not where that photo is...
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I live in west central Scotland - not where that photo is...