Topic: Anyone here running any Bitcoin ATMs? - page 3. (Read 490 times)

Before thinking about starting your own Bitcoin ATM business it is good to find what all the consequences needs to be faced. It requires lot of licensing process and those are not much used now because of the increased transaction fee. Recently came across an article from which understood very few are using bitcoin ATM. This is from an author who has shared his experience in Japan where it is believed to have the largest number of bitcoin ATMs in use. Bitcoin ATMs in Tokyo — There Aren’t Any

1) It sounds like a bot to me.

2) I was going to say, "give it a little time" but I'm not sure, because what if this kind of "business" resulted in positive feedback, you're going to be too late, and if this resulted in negative feedback, you're going to have extreme losses. But what the heck, every business is a risk. As of now, as you stated, that 2 Bitcoin ATMs don't sell very well, only means that it's either doesn't have that much "exposure" to the public or the company doesn't do any advertisement on their business at all. Try it and give it a shot, maybe you can make a difference.

I heard that running an ATM for Bitcoin or cryptocurrency can be a good business proposition especially if one can achieve a good traffic or customers. Someone said to me that this can be a booming business and in fact there had been some crowdfunded projects that focused on this business and when I just checked one which I supported early this year I think they are doing fine. As more and more people can be adopting cryptocurrency, this industry can be booming just like the traditional ATM business which is already a permanent option for the many. Lat year, in one of the other forums where I was a member of, someone PMed me about ATM machines and he shared that he was doing business with this ATM-focused platform. Maybe you can get over with them and who knows you might like what they are offering. I don't have any personal knowledge nor any relationship with that site and I am sharing it to you here as one of your possible choices.

Maybe I'm a little late to the game in trying to get a Bitcoin ATM business started, but I've started to see a few buy-only ATMs popping up in my area so I figure there's plenty of room for growth. But as I've been searching for Bitcoin ATM manufacturers, I've found only a few that look like they have good products and a customer service desk that's worth anything. I've already crossed one company off of my list because their customer service number has a perpetual busy signal even in the middle of the night, and it took three or four days to get even a basic response from them by e-mail about ATM details and operation. When I asked if they had any ATMs that allowed crypto purchase via credit or debit card, I got a one-word reply, "no", and when I replied that I thought they were being very shortsighted by not offering a credit/debit card option for customers, they said "thank you for your feedback" and that was the end of the e-mail. Not the level of responsiveness I'm looking for in a company that wants my money.

So now I'm paring down the list of ATM manufacturers that seem to have a good product and seem to give a rip about customer service, and I'm hoping to purchase my first Bitcoin ATM by early in the new year. Of the two current ATMs I've seen in my town so far, one (CoinFlip) doesn't sell their ATMs to outside parties, and the other is a Genesis Coin model that looks like it's in the $11K retail range, which is a bit more than I can afford to shell out just starting out. Any advice on what I should do (or not do) and things to consider starting off would be greatly appreciated.