It is a good bussiness only if there are not any btm's in your country or at least on your city or your location, if there isnt any of them, then it is a good idea because you can make a lot of profit from it, and of course you will help out a lot of people by seting up a btm.
But it depends on your fees, but if there arent any of them in your city, then a lot of people are going to use it anyways.
Topic: BTM's (Read 262 times)
Is it a good idea? Yes. But to make profit, your teller machine has to have high markup prices, just like the prices of most bitcoin teller machines
Is it still a good idea even with fluctuating prices? Yes. Your teller machine should be programmed for the bitcoin price to automatically move up and down depending on what the current price is. Probably taken from the average bitcoin price of multiple exchange sites for better price accuracy.
Is it still a good idea even with fluctuating prices? Yes. Your teller machine should be programmed for the bitcoin price to automatically move up and down depending on what the current price is. Probably taken from the average bitcoin price of multiple exchange sites for better price accuracy.
There are already some Bitcoin machines out there which offers to withdraw cash for BTC but their charges are high.
If there would be a bitcoin machine with less charges then may be it would benefit the people using it but until then there is no point of making more machines. Also, if you are planning to put up a BTM then make sure it is keeping up well with the prices as BTC fluctuates at high rates and that's the most important thing to maintain when offering services like the BTMs.
If there would be a bitcoin machine with less charges then may be it would benefit the people using it but until then there is no point of making more machines. Also, if you are planning to put up a BTM then make sure it is keeping up well with the prices as BTC fluctuates at high rates and that's the most important thing to maintain when offering services like the BTMs.
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