Topic: Anyone in the Bitcoin ATM business? - page 4. (Read 762 times)
After the COVID-19 attack, the ATM machine becomes the most popular way to cash out our money. So obviously I can say this is a good year for Bitcoin ATM machine owners. But wherever bitcoin fully legal only those countries citizens getting advantage of Bitcoin ATM machine. Also, owners are getting profits from there. Sadly our country is anti bitcoin and we are unable to get the advantage of the Bitcoin ATM machine. Although transaction fees are high from the Bitcoin ATM machine at least holders could sell or buy without hassle even during the pandemic.
How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?
Banks usually own BATM in my country so I think they are still doing good despite of this pandemic but of course since its lockdown, they should not expect a higher profit from the BATM. Also, base on my personal opinion the usage of this BATM is still not on a high traffic of transactions considering that we only have limited BATM in my place, transacting online is the best and safe way to withdraw and deposit bitcoin.
There is no Bitcoin ATM in my country. I'm interested if buying Bitcoin via ATM is more convenient than using online crypto exchanges.
There are no other channels that we will know that can determine is an ATM owner unless he tells and admits that he's running this business. Provided by the data through coinatmradar, they are expanding and increasing.
It can be for some places which an ATM has been placed not that profitable or at least making a few transactions but, it's a sure answer that there are places that it's been being used a lot most of the time so it's truly profitable.
It can be for some places which an ATM has been placed not that profitable or at least making a few transactions but, it's a sure answer that there are places that it's been being used a lot most of the time so it's truly profitable.
How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?
I doubt people will release such data, because its critical for their business and they dont want to someone else copy their business.Personally i think it either can yield big returns or just lossess.
Location/rent matters a lot, so in one location you can earn, in other one you can loose with same machine.
Its hard business.
Well, the reply above was right. The [ https://coinatmradar.com/ ] is very popular site that kind of business such as bitcoin ATM and perhaps that is good if you will use their map and scan where are the most places that have an ATM and I think that was in US and Europe country. Perhaps you can also start with your country at least one ATM for a while. If you don't know how to start you can read this article that came from coinatmradar.com, [ https://coinatmradar.com/how-to-start-bitcoin-atm-business/ ]. Good luck to your business, I do hope you will come back here and update us with your business.
According to bitcoinatmradar, there are thousands of ATMs for bitcoin Distributed over 71 arround the world. Most of them are located in the USA. Link to Map: https://coinatmradar.com/bitcoin-atm-map/
As for the profitability, the answer should be Yes with the fact it's a new business with not much concerence in the market especially if considering to start it out of the USA. However, it's not that easy to garante the profit as the operator has to target several factors like the location, the legislation,the bank relationships,...and many other factors. From bitcoinATMradar, i found those 2 great articles, published in early 2014 describing the profitability with real cases:
Bitcoin ATM Profitability Part 1 — Theoretical Calculations
Bitcoin ATM Profitability Part 2 — Real Examples
As for the profitability, the answer should be Yes with the fact it's a new business with not much concerence in the market especially if considering to start it out of the USA. However, it's not that easy to garante the profit as the operator has to target several factors like the location, the legislation,the bank relationships,...and many other factors. From bitcoinATMradar, i found those 2 great articles, published in early 2014 describing the profitability with real cases:
Bitcoin ATM Profitability Part 1 — Theoretical Calculations
Bitcoin ATM Profitability Part 2 — Real Examples
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.
And due to some COVID rules/law and its effect bitcoin atm growth grow fast in some countries.
How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?
I guess it depends on your country, probably it would be a good business if bitcoin was already popular in your country and bitcoin ATM was already popular in your country.
Comparing in my country which I think bitcoin ATM business was not popular and probably not a good business since almost all of the bitcoin ATM here was not used and old so bitcoin ATM is just ending up the closing.
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?
How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?
Jump to: