Topic: Anyone in the Bitcoin ATM business? (Read 799 times)

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?

Hi, Thanks. Nice to see a working model.

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!

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?

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.

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.

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.

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.

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

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.

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%! ) ... 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.

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.



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/


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 

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.

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

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.

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.

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.

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.

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.

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.

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.

Since it is ATM you will be needing to touch it also things that can be acquired the virus right?
though yeah it is more safer using online money than Physical.

But this is depend in which country we are living because like in my place we have only 2 ATMs for Bitcoin and it is not being used by crypto users because we can top up using 7/11 and other money order company so there is no need of using ATM.

Yes, I think that business was doing very well with Bitcoin ATMs during the spread of the Corona virus, as it is known that the virus is transmitted through paper money, so I think that many people have gone to use cryptocurrencies instead. This helped the spread of cryptocurrencies.
Also, another matter, due to the spread of the virus, many people stopped going to their work, so working from home, especially in cryptocurrencies, has become a very good solution for these unemployed.
So I think it has been a good year full of business for Bitcoin ATMs and cryptocurrencies in general.

clearly there are differences in bitcoin atm and banking atm, because their use is clearly more familiar atm banking because it was first. and bitcoin atm is only in certain places that can be provided and also not many use it because it seems that bitcoin atm is not very effective. many people actually replace bitcoin to fiat and just use atm banking to carry out transactions.
In my country, many Bitcoin ATMs must be closed because there are no benefits that can be used, because all are used to making regular transactions with Fiat first to be placed in their bank.

I don't think so, it's just that the ATM owner has put the machines in the wrong place or environment. People who use Bitcoin are people who have serious concerns about their privacy in transactions. Bitcoin is only a support option, in no way against banking.

The bitcoin ATM business is also against banks. There are more bank ATMs than bitcoin ATMs. Bitcoin should only own and hold them, not be paid or exchanged for continuous cash. I found the bitcoin ATM to be good, but never popular. And want to popularize Bitcoin ATMs should be issued by financial companies or banks and countries that do not have regulations on this currency, it is best not to trade bitcoin ATMs.

Especially if the bitcoin owner is responsible and dedicated to a bitcoin investments, then it will not have any problem manipulating in a certain country.

As long as it operates legally, it has a licensed, and it doesn't violate and rules and regulations in a certain country, then it is good.

The only thing that really matters right now during this Covid-19 is health and businesses. If you own one, good luck to you because I know that you will experience struggle and hardships but don't let them make you down. For those who own a Bitcoin ATM, hopefully you are doing it right.

A friend of mine  ( tread93 who's a user here ) is in the bitcoin ATM business and he's been reporting back to me that it's been on fire as well.  He's been getting a lot of new orders/customers of late.  I also recently read how CVS and Walgreens are going to be bringing in new types of ATM machines so that cryptocurrency can be sold.  That's a big deal.

One thing I had to add as so many people were focusing on the location, as long as it is still in the city and you can access it quickly it makes no real difference.

For example, I have 6 Btams from a certain company around me, pretty easy to guess since it's one that lists the balance available on their website, and I have a habit of looking at them as sometimes they change the fee they have and when they drop it to 1%-2% I go and pick some cash to avoid bank transfers. To some of my surprise, the one machine that gets emptied and refilled more commonly is not the one in the city center but one in a shopping center which hasn't that much traffic compared to the center mall for example.

As for the fees
7.5%? I would never exchange a penny.
You have to choose your path carefully, take a huge percent and you will end up only with one time customers or desperate ones that are trying to avoid KYC and banks at all costs or lower your fee and present yourself as a real alternative.
I've seen BATM's with 50k euros getting emptied in a day of low fees, if 1k a day isn't covering expenses then I don't know what would do.



Just an opinion, I don't have facts to back it up, but I think that's where the money is.
I can't envision somebody putting hundreds of banknotes after banknotes in a vending machine, but I've seen people withdrawing over 10k euros from one more than once.

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.

Thanks! Good feedback. We were aiming for 7.5% but have not implemented yet so it is very hard to find a minimum margin to stay profitable (7.5% just based on getting in under the average).

Does 5% seem fair? Comparable to off-market alternatives?

It would be great to hear from someone who has a machine!

Like most people here, I'm not in the business of Bitcoin ATMs, but I can tell you what would incline me to use one (it's simple stuff, but it seems like ATM providers just fail to grasp it):
1. Good location (center of the city is usually optimal), which is not uncommon, but still.
2. This is a very important one: LOW fees. The most common reason I've heard why people avoid BTC ATMs is because of ridiculous 10-20% fees! Make it 5% and suddenly your ATM is the best. 5% profit is still profit, definitely better than if it's 15% but nobody uses it.
3. Reasonable and clear KYC requirements. Say, up to $1k with no KYC or something like this. And a clear warning PRIOR to the transaction that KYC will be required under such and such circumstances.

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.

In my personal view it depends on the countries you belong if cryprocyrrency is already more popular. Just like in my country people are still into fiat use and some don't know this crypto. Although this bitcoin as business is good and can provide ease of use to the users. Still, some people have a lack of knowledge about bitcoin so it's best also to do some proper research before building a business like this.

Also adding to this concern, the pandemic virus that still at large are avoiding people
to go out and use this machine
Though, less this crisis and you place this machine to the right place, you'll be able to
benefits from this business.
There are already lots of people around the world that have knowledge about this investment
currency, so probably they'll be patronizing this machine.

It's hard to tell but the numbers suggest it must be profitable. Why else would people keep installing so many machines? The machines have grown 2,100% over the last 5 years. They predict an annual cumulative average growth rate (CAGR) of 55% over the next 5 years which makes them one of the fastest growing industries in the market (by far). I plan on getting in the business and it would be great to get some feedback. I think testing the waters is the only way to really know.

As far as regulation, it is definitely wise to do proper research. I know where I am the one-way machines have the same regulation as a vending machine. Two-way are a little more complicated but not much more difficult.

Even if i will get the opportunity to have bitcoin ATM business i'd rather not because there are post here of a bitcoin atm owner that has been establish at mall and other areas to where he admitted that he put up an atm bitcoin to the authority where had told him that he is doing it illegal. He will probably gone to prison for that or it could be settle within the authority level. I hope that guy can still recover the losses that had been made after the arrest. So, if you are planning to have a bitcoin then be sure to register it to proper authority so one will not have problems when it comes to legal. It may cost you for the processing but at least you will be safe from getting arrested of illegal operating on bitcoin atm.

ive seen a  few , was going to use one but the price difference was $600 

i,d say if you have a shop in a town or city then it could be a good move as you can get listed on coin atm rador website and people will come and use it.

Never heard about it so far, but im interested about BTC ATM. However, it still depends on the Government of each country if they already legalized Bitcoin as a currency. And if ever there is really a Bitcoin ATM, i dont think i am capable of using it no matter how i really wanted to. Because, my country is still not recognizing bitcoin and refuse to accept it legally here.

Just based off installations... up around 38% since January...

https://coinatmradar.com/charts/growth/

Not it actually makes a huge difference in our country, people are still using fiat money than having this ATM or even using more Bitcoin. I'd never see its fast development and for sure, it is the same as what it happens in the other country.

People at this time aren't much looking good to use BATM's but instead to go directly with their online wallet and make use of it. It saves them from being affected by the virus and time. Maybe we could see a continuous development for this if the pandemic is over and the health safety is secured, not probably this year is the best time for this.

Usually, banks own ATM machines except for those investing in off bank premises. As much as ATM are a big part of our banking system,  bitcoin ATM are not popular as portrayed.

You can only see ATM machine in country with wide acceptance of bitcoin. Now, these countries are not much so ATM machine will.probably be less than 100. For other countries where Crypto has been banned or limited, there's no ATM in those places
 It will be interesting to withdraw fiat or local currency from bitcoin ATM. Look forward to that experience.

Yeah, I would imagine it would be extremely hard to try to estimate how much profit you're going to make by running a BTC ATM.  I'd really like to know how much use they get--I know the US has a ton of them spread all over, but that doesn't mean people are actually using them.  And even if someone wanted to buy bitcoin and had easy access to a BTC ATM, it would cost much less to use Coinbase or LBC or some other service.  The premium you pay for bitcoin over the spot price by buying it at an ATM is mind-boggling, and I'm not sure there are that many folks who need bitcoin badly enough to continue buying it that way.

And I'll tell you, if the fees they charge came down to a reasonable amount I'd be buying bitcoin at the ATM that's about 15 miles away from me every chance I could get--but as it stands, I could just buy it on the Currency Exchange section and get it at preev 1:1.  So to me it's just not worth it.

And in addition to that, it may not really be a profitable since, it will depend on the location and the people's awareness to the cryptocurrency or bitcoin itself. On what I see is, after you pay all of those fees the renting fee will be there too, to take an awesome spot for you bitcoin ATM. It will be a risky business since you need a lot of money to buy one of those and a lot of legalities and after that, the profit is not sure. And in our current situation right now, with this virus, it will really be hard enough to make Bitcoin ATM into a profiting business. (just for me)

Probably, many more people like to know and also own BTC during this pandemic because they know the advantages of using this for payment, investment, and also other benefits. But for such an ATM, it is probably only in several countries. Not all of the countries may welcome the BATM. That is why it will depend on where you live. Probably you know about it because it is around you or from any source on the internet. But so far, the growth of BTC ATM is increasing. We can check on the https://coinatmradar.com/ and we can see from the general map of BTC ATM below:


You can check it here:
https://coinatmradar.com/how-to-start-bitcoin-atm-business/

I was thinking the same thing, but may need a lot of money to invest for having my own BTC ATM machine. However, it also needs me to pay a huge amount of money to legalize and regulate it to be operational in my country.

One of my friends invited me to come with her in an office of her business contact. I see that he had like 10 Bitcoin ATMs, but wasn’t ready yet to be deployed due to legal and regulatory requirements needed to be processed.

I would really want my own Bitcoin ATM, but need more funds to invest for it.

You can buy one for yourself and start a business. But you will need license and other stuffs. Restrictions are going to be based on the countries law.
But I can imagine based on the number of new atms popping up daily the afford you will be giving to set up a business is going to be well worth. You can use the coinatmradar app on your phone to look for bitcoin atms near you. Go to manufacture section, look at the brand names and google it. You will get all the information over there.

This is very important information, readers who knows about it will able to guide OP and answers those queries if this informations has been supplied properly / completely.


In every business, planning ahead is very important surveying the place checking
if there's active people that will patronized your business needs to consider first.
You'll be able to make a good outcome if you do this task before starting.


Perfect to start up a business, all those inputs are important while you are assessing things up , knowing that there's a good

benefits after summing it up will gives you a go signal to proceed into your plan.

First, you need to know the stance of bitcoin trading by your government in your country. Also, you have to register your business with the government. If you are a registered local exchanger, then it could be a new adoption to the list of your services. you need to get the list of BTC ATM makers and assess which one will be the best for you. There are many manufacturers but the most common ones are Genesis coin, General byte, Bitaccess, coinsource.
you can find the comprehensive list here https://coinatmradar.com/manufacturers/
The price of the ATM varies depending on the transaction charges and sizes

Okay , this statement i found from Google is honestly very accurate. With approximately 2000 ATM's in the US alone , I do think there would be a lot of companies and individuals involved in this business.
But then comes the completion , competition from 2 sides :-
1. Competition with the various ATMs already in existence
2. Competition with the online exchanges which are giving much better deal

With the prevalent , internet , online banking, instant buy/sell programs , one can very easily opt out of the ATM system , before you go into this business you should ask yourself one question:

- What would you offer in the ATM you own that will make it different and more attractive to the users.

_*_

I want to address one idea I had when I thought about asking my family to Invest in this business:-

ATM + slot machine , maybe everyone who uses the ATM gets a free spin in the slot machine which will be along with the ATM, you have to make sure your ATM is situated in a crowded place.

( Might be a weird idea but I think it has some scope )

I think we can give accurate advice if OP will give a specific place where OP lives and for the ATM business, he wants.

Bitcoin ATM is a good business but this depends on where the place you want to build and put your ATM machine, renting in mall, market, etc. as long as public places are a good point. But, I think you must consider the users too. Probably it is good if you have a survey on such a place where you planning to have your Bitcoin ATM.

A small tip, just do the math all of your cost and compare it to the small merchat. Just like compute the total revenue – total expenses = profit. The profit is calculated by deducting direct and indirect total costs.

I'm not really sure it bitcoin ATMs are growing despite the COVID issues since I can't feel it. But l think it depends on the country and the adoption they have when it comes to bitcoin. In my country, I have not recently heard any news about the growing number of bitcoin ATMs, as well as the number of people actually using it. And as far as I know, we only have like 4?

But generally, some articles said that it's indeed growing but mostly in North America. Perhaps people there find it helpful during the pandemic.

Not that fast, and it's pretty much in the US.


It seems that your prime ATM area of interest is Spain. According to CoinATMRadar, 2020 is practically flat in terms of Bitcoin ATM growth during 2020 (70 currently listed, whilst there were 71 at the beginning of 2020): https://coinatmradar.com/charts/growth/spain/

Unfortunately, it will probably be extremely difficult to get some business-like numbers here to understand the ROI behind this type of investment (it’s not very likely that those ATM owners are going to open-up and tell us much about their numbers, unless a franchise is willing to throw some information around to pitch their business case upon direct query).

It seems to me that the OP isn't that active here in the forum, I assume he has different things to do with crypto space coz he hasn't posted anything on the past 5 months, not until this. If I were him I'll just search 'bitcoin atm' or ' BATMs' and read those thread so he'll know something out of it. You should read @Pharmacist ( If I'm not mistaken lol ) post about his experience using the bitcoin machine which he drove for like a mile just to get there.

Everyone is still skeptical about it, having it for a business is quite risky and expensive as much as I think of all the things you need, plus the maintenance.

I don't think any real Bitcoin/Crypto ATM users will be able to answer you here in the forum since they are not here. Most Bitcoin ATMs before they are able to operate should need some kind of special license and permit for them to be able to operate I don't even think that single proprietorship is an option here since they will be dealing with assets/securities depending on what classification their country brings to them. Also there is an issue with KYCs that some countries also require before a client will be able to access their Bitcoin ATMs. At least you get a general idea that Bitcoin ATMs are not some kind of franchise you just need to buy in order to start earning there is a lot of process you need to do.

Of course you can't just install BTC ATM, fill it with money and start buying/selling . You have to register the business, pay the taxes etc. And it's probably even more complicated to open such business, as you are dealing with crypto.


ATMs that I'm using are either inside a mall, or they are inside some other shop, so that offers them some kind of protection as its not just in the middle of the street working 24/7.

It's a risky business, and I think it only works if you have your own space, or if you can set bunch of them across frequent spots.

if in a country there are a lot of bitcoin user then I think it's good to open a bitcoin ATM, but there are some country that don't legalize bitcoin as a legal payment tool I think it's an obstacle to open an ATM machine in a country

What about the laws or license? I think a person can't just install a device in a public place, that will collect money on exchange into something. Also how to you imagine depositing funds into your ATM's bitcoin address? As I understand, you want to operate just an intermediary, but your fiat>crypto exchange sure have limits.

And what about the security? It might sound silly, but with enough effort, ATM can be simply stolen. Of course thieves wont get bitcoins, but they will sure try to get cash. 

In some countries it's surely profitable but I wouldn't do it in mine for sure.

It costs from $5k to $10k to buy a Bitcoin ATM depending from which company you buy it from, + a percentage commission that goes to the company. Without the shipping fees, otherwise, you can probably add a $1,000 fee and another $1,000 to install it.
That's a total of $7k-$12k.

Renting a place to put your machine if you don't own a business/shop, it's therefore in your best interest to pick the right location to make it profitable. You can imagine that setting it up in the ghetto will not be profitable.  

Honestly I didn't notice any increase in popularity of BTC ATM during this period, at least at my local ATM where I usually do the business. No queues or anything.
For example, it was much busier during summer 2018, when it was normal to have at least 3-4 people waiting in a queue, and quite a few times owner had to come to bring more money, people were cashing out massively.

Hey OP. I remember you from past discussions, did you ever get in touch with the owners of the ATM projects in Vietnam? I'd also look at this recent post updating the ATM locations in Africa (the next emerging place for BTC I tell ya!).

How did your plans in Spain go?

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.

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.

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

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.

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.

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?