Anyone in the Bitcoin ATM business? | Bitcointalksearch.org

Cryptoreflector_666

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Quote from: MCobian on September 12, 2020, 03:31:16 PM

It is true that it is quite surprising the growth of Bitcoin ATM machines in the COVID-19 pandemic situation, especially in America
as the largest number of Bitcoin ATMs. It should indeed benefit the owners of Bitcoin ATM machines, maybe this happened because
the popularity of Bitcoin has increased this year. As the COVID-19 pandemic situation has made many people seek lucrative assets,
and Bitcoin is a profitable asset. With so many people buying Bitcoin using Bitcoin ATM machines, it makes the number of Bitcoin
ATMs grow. Maybe for a newbie to buy Bitcoin through an ATM machine much simpler and easier than using exchanges.

We can absolutely say that the covid-19 pandemic has had a positive impact on the situation in the cryptocurrency world. The increased growth and stable dividends of joy to me every month. It would be interesting to know what is the current liquidity in the market? Has anyone googled it?

BtcATMs

jr. member

Activity: 45

Merit: 10

Quote from: verita1 on September 13, 2020, 02:51:11 AM

Quote from: Fatemablabla on August 02, 2020, 02:11:26 PM

Quote from: BtcATMs on August 02, 2020, 01:24:59 PM

How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?

Do you own any ATM? If yes where did you got that? Can anyone get in to this business? I am interested in this. can you help me by providing any link?

Hi, You can create your business proposal on the website.

https://cryptobuyer.io/en/atm/

Cryptobuyer offers its crypto payment gateway services for Venezuela and is a network of ATMs that has installed ATMs in Panama, Chile, Costa Rica and the USA.
They also have a channel on Telegram.

https://t.me/CryptobuyerEn

You can have more information with the administrator.
JP
https://t.me/EstuCrypto

I hope it is useful!

Hi, Thanks. Nice to see a working model.

verita1

member

Activity: 1358

Merit: 81

Quote from: Fatemablabla on August 02, 2020, 02:11:26 PM

Quote from: BtcATMs on August 02, 2020, 01:24:59 PM

How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?

Do you own any ATM? If yes where did you got that? Can anyone get in to this business? I am interested in this. can you help me by providing any link?

Hi, You can create your business proposal on the website.

https://cryptobuyer.io/en/atm/

Cryptobuyer offers its crypto payment gateway services for Venezuela and is a network of ATMs that has installed ATMs in Panama, Chile, Costa Rica and the USA.
They also have a channel on Telegram.

https://t.me/CryptobuyerEn

You can have more information with the administrator.
JP
https://t.me/EstuCrypto

I hope it is useful!

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Bitcoin ATMs are goes against our country's law even bitcoin is still legal in our country but in future if bitcoin gets regulated there will be huge potential for Bitcoin ATM in India.Even I did some videos about how to make DIY bitcoin ATMs and make money out of it but no reason to try out it now.

Where can we buy a Bitcoin ATM in Asia?

MCobian

full member

Activity: 1190

Merit: 117

It is true that it is quite surprising the growth of Bitcoin ATM machines in the COVID-19 pandemic situation, especially in America
as the largest number of Bitcoin ATMs. It should indeed benefit the owners of Bitcoin ATM machines, maybe this happened because
the popularity of Bitcoin has increased this year. As the COVID-19 pandemic situation has made many people seek lucrative assets,
and Bitcoin is a profitable asset. With so many people buying Bitcoin using Bitcoin ATM machines, it makes the number of Bitcoin
ATMs grow. Maybe for a newbie to buy Bitcoin through an ATM machine much simpler and easier than using exchanges.

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: 0nline on September 07, 2020, 11:56:51 PM

I have seen a lot of BTC atms at my local king soopers. Surprising that it is gaining traction. I do not see a lot of people using them though.

I think it's pretty much similar for all BTC atms, the ones in your area are not an exception and it is similar situation in my town as BTC atm is my preferred way to buy and sell bitcoin.

All this will most likely change once we go into real bull market and we come close to old ATH, as that's what happened last time. I remember waiting in a que infront of ATM for an hour or two during fomo, people were massively buying and selling BTC that way.

It is also worth mentioning that nowadays we have more options to cash out than we had before l, so maybe that's another thing that makes BTC less popular.

0nline

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I have seen a lot of BTC atms at my local king soopers. Surprising that it is gaining traction. I do not see a lot of people using them though.

josephinerosdy

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in my country there is no Bitcoin ATM and it seems impossible. but it can be a good and profitable opportunity if the use of bitcoin in your country is high in demand and people use bitcoin for daily needs.

stompix

legendary

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Blackjack.fun

Quote from: BtcATMs on September 04, 2020, 09:09:06 AM

Not sure where you get those numbers. I went on the link and most BUY rates are at 8.5% or Fees N/A or "unknown" (Bitbase at 10.5%! Huh

) ... a couple in Madrid at 5-6% but no way an average of 5.3%?

A lot of operators change the fees depending on the market, for example, shitcoinclub right now is offering

Quote from: BtcATMs on September 04, 2020, 09:09:06 AM

Anyway, I understand the lower the better. It's a matter of finding a price equilibrium to stay both competitive and profitable. On the other hand, no need to compete with exchanges, only other BATMs.

Then you probably shouldn't care about anything else than the fee of the competitors in a 10 km range, depending on when you plan to place them.
Offer 0.5% lower than them and make sure you're always full of cash (if you intend to offer that option) as nothing pisses people more than running into an empty machine, and you're good to go.

BtcATMs

jr. member

Activity: 45

Merit: 10

Quote from: stompix on August 24, 2020, 05:16:31 AM

Maybe in your country, that's why it is so hard to make an estimation
For example:
https://coinatmradar.com/city/296/bitcoin-atm-valencia/

Quote

Buy: 5.3%
Sell: 2.6%

7.5% might sound lower than probably half of the BATMs in the US but it's highly likely is higher than almost all around here Grin

Not sure where you get those numbers. I went on the link and most BUY rates are at 8.5% or Fees N/A or "unknown" (Bitbase at 10.5%! Huh

) ... a couple in Madrid at 5-6% but no way an average of 5.3%?

Anyway, I understand the lower the better. It's a matter of finding a price equilibrium to stay both competitive and profitable. On the other hand, no need to compete with exchanges, only other BATMs.

stompix

legendary

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Blackjack.fun

Quote from: Warkop on August 22, 2020, 06:37:05 AM

It all depends on where you live, because if you are in a place that has banned Cryptocurrency or Bitcoin you will never be able to find a Bitcoin ATM, but if you are in a country that has legalized Bitcoin, you will definitely find more Bitcon ATMs. there and it is very easy for you to make transactions with a Bitcoin ATM.

No, it doesn't depend on that, there are tens of countries with favorable laws and barely a few Batms.

If you would have actually taken a look where those BATMs are located by the country you will see different numbers that make no sense based on any pop/income statistics and all the while in countries with nearly the same laws.
For example, Austria has 149 while France 9, is bitcoin banned in France?

No, all that matters is the market, if people use them and the operators get profit from them they will install more if the business is dead and people are choosing another method of buying/liquidating no law will manage to bring you, clients. It's the market that dictates this and the money that people have, you can have a country with 100 million population, but if everyone is dirt poor no matter what laws you pass they will never be able to buy, especially if only the tx is worth a daily wage there.

Quote from: BtcATMs on August 21, 2020, 06:44:06 PM

"7.5%? I would never exchange a penny." - Thanks, also good to know and why we are still researching (it's been hard to get real-world user/owner feedback)... 7.5% is just a jumping in point based on being lower than any other BATM market but obviously better to know what users are really willing to pay.

Maybe in your country, that's why it is so hard to make an estimation
For example:
https://coinatmradar.com/city/296/bitcoin-atm-valencia/

Quote

Buy: 5.3%
Sell: 2.6%

7.5% might sound lower than probably half of the BATMs in the US but it's highly likely is higher than almost all around here Grin

TheCaliReign

copper member

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I've heard a bunch of people talk about location. City center. Busy location, etc. In my experience the atm's that last the longest and have the most consistent success are the ones a little out of the way, that are easy to access, open 24 hours and feel safe to transact at but not with a bunch of people staring at you.

imstillthebest

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Quote from: Warkop on August 22, 2020, 06:37:05 AM

Quote from: Ayiranorea on August 07, 2020, 09:51:59 AM

Through an article came to know more than 70% of bitcoin ATM is located in USA. Rest were distributed on the rest of the countries. This means the business isn't diversified around the globe. It takes time, as people are not that aware as well as governments weren't that welcoming for the cryptocurrency and related businesses.

It all depends on where you live, because if you are in a place that has banned Cryptocurrency or Bitcoin you will never be able to find a Bitcoin ATM, but if you are in a country that has legalized Bitcoin, you will definitely find more Bitcon ATMs. there and it is very easy for you to make transactions with a Bitcoin ATM.

thats what he was saying . in my country btc is accepted but why there is still less btc atm's on here ? number of btc dont relate with the acceptance of btc but the knowledge of the people and the legality of the operation will also matter . never used a btc atm before but only regular atm's and they are easy . im not expecting that btc atm will be easier but i can learn it if i wanted too . atm's condition today is not that verry good compare to when there is no covid . people were scared to you know

Warkop

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Quote from: Ayiranorea on August 07, 2020, 09:51:59 AM

Through an article came to know more than 70% of bitcoin ATM is located in USA. Rest were distributed on the rest of the countries. This means the business isn't diversified around the globe. It takes time, as people are not that aware as well as governments weren't that welcoming for the cryptocurrency and related businesses.

It all depends on where you live, because if you are in a place that has banned Cryptocurrency or Bitcoin you will never be able to find a Bitcoin ATM, but if you are in a country that has legalized Bitcoin, you will definitely find more Bitcon ATMs. there and it is very easy for you to make transactions with a Bitcoin ATM.

crwth

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https://linktr.ee/crwthopia

I'm particularly looking for something related to that, but with the recent events happening, I chose To be a distributor online like in the P2P exchange in Binance. It's better that way right now, thinking of the possibility of spreading the virus or something. I have seen distributors of ATMs, and they support the use of crypto, but right now, they are not operational (distributors), so I can't know the current situation.

bayu7adi

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dont be greedy

Quote from: bL4nkcode on August 02, 2020, 03:07:49 PM

That's a good business for countries such US and even those on europe that have lots of people who use bitcoin, while fewer on asia and its not good to run such business.

And due to some COVID rules/law and its effect bitcoin atm growth grow fast in some countries.

very non-binding relationship ...
when you have Bitcoin and ATMs, the government also has FIAT and ATMs

because I am Asian, I don't know much about the payment models that exist in America and Europe, but if it is true that Bitcoin is more attractive than FIAT, I will be more excited to learn Bitcoin for the future.

Sapphire915

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I haven't heard about BATM here in my Country. It sounded so interesting especially nowadays. Indeed, you are right. Digital machines are highly useful during this crisis and we are much into highest driven technology. Bitcoin ATM business will probably have good profits especially that bitcoin's price now are rising higher. I guess people in this type of business will benefit more and also those growing individuals who are working in blockchain industry. I must do a lot of research about it and hopefully I could find one near me.

prehisto

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Your Data Belongs To You

About which countries and regions are you talking about?
Currently I think that the situation is not great for them in EU and will get worse because of anti money loundering laws in place and they tend to get only stricter over time.
This combined with goverments inabilty to learn about BTC in general, id bad news for btc atms.

BtcATMs

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Quote from: int03h on August 19, 2020, 03:37:07 AM

Not that easy. If you want to register a bitcoin ATM business you need to have a company and register them with the government. There will be a lot of procedure and a lot of cost for installation. I think you'll go bankrupt before you book your first ATM. Recently a few illegal ATMs have been dismantled in the US and France.

I guess it depends on your jurisdiction and one-way vs. two-way. Here, one-way machines are considered "vending" machines and they don't cost much in the way of legal/gov't fees to get up and running legally (although I think two-way is the better option).

"7.5%? I would never exchange a penny." - Thanks, also good to know and why we are still researching (it's been hard to get real-world user/owner feedback)... 7.5% is just a jumping in point based on being lower than any other BATM market but obviously better to know what users are really willing to pay.

Shasha80

sr. member

Activity: 1876

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The good thing this year is that the price of Bitcoin has risen, making the number of Bitcoin ATMs also increase. And this is an opportunity
for businessmen to investing in a Bitcoin ATM. According to several articles I read, the highest increase in the number of Bitcoin ATMs was
in the United States, countries on the continent of Africa and Germany. But this good news has become influenced by negative news from
US and Germany which is the number of Bitcoin ATMs illegalities have also increased. Hopefully the US and Germany governments can
overcome this.

Topic: Anyone in the Bitcoin ATM business? (Read 762 times)