Topic: How to install a Bitcoin ATM in my city? (Read 996 times)
Is it even profitable? Don't know much about the ATM business, and I'd imagine its the same for most people involved in crypto. What is the whole purpose of the ATM, and how exactly should it work? You keep BTC in your wallet and then people can buy it with fiat with a fee you keep for yourself or what?
that's what I wanted all this time, there was an ATM bitcoin machine, if you want to buy or sell bitcoin, you can live in the ATM, surely it will happen, hopefully 2 to 3 years can be a bitcoin ATM.
isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
The Bitcoin ATM Machine is used in withdrawing Bitcoin as cash, that’s the only thing I know it can be used for– just to withdraw your Bitcoin into cash (fiat). It’s not available in my country, cause no one is interested in it yet, so I just sell to exchangers and get paid to my bank. The Bitcoin ATM has some. Heavy fees that are attached to it and you might like making use of it, but it’s still good.How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
I think bitcoin ATM's will be provided only if a government approves legal usage for bitcoin then bitcoin ATM's will definitely be installed on that place quickly.
isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
The Bitcoin ATM Machine is used in withdrawing Bitcoin as cash, that’s the only thing I know it can be used for– just to withdraw your Bitcoin into cash (fiat). It’s not available in my country, cause no one is interested in it yet, so I just sell to exchangers and get paid to my bank. The Bitcoin ATM has some. Heavy fees that are attached to it and you might like making use of it, but it’s still good.How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
Hello everybody! I am thinking to start my own business and I though that maybe an installation of the first Bitcoin ATM in my city would be good idea which can bring me good income. But I have no idea from where to start, so I am here to hear all ideas, experience and advices.
Thank you!
Wow, that would be quite a good business, but you first have to consider the government and their laws and whether Bitcoin is considered as illegal wherever you’re living. I once read a news article about how the FBI seized a Bitcoin ATM Machine in New York. I can’t remember how it really happened cause it has been a long time since I read it.Thank you!
Installing a bitcoin ATM is a great idea but I think it 's not easy to carry out. Because if you want to install them, you have to ask for permission of government; one more things, bitcoin have to be accepted and commonly used in your country.
Hello everybody! I am thinking to start my own business and I though that maybe an installation of the first Bitcoin ATM in my city would be good idea which can bring me good income. But I have no idea from where to start, so I am here to hear all ideas, experience and advices.
Thank you!
Putting up your own Btc ATM in your area is in fact a good idea to start a business, but I think you have to take considerations any legal issues before doing so. This is not a simple business and I guess there are lots of paper works, certications, business license that you need to go through your Btc ATM to legally operate in your City. Proper research is what you can do before you start putting up a business like that. Thank you!
isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
There are plenty services available for this bro. If you really want to install you can just Google it find whoever doing this service in your country. Please refer the below to get the more information about the ATM Installation.
https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/
You must have the bank relationship to operate the Bitcoin ATM in your location. You may check the Bitaccess they are providing the service called BTM.
https://www.bitaccess.co/buy-a-bitcoin-atm
You must google the main things and be sure if it is even allowed before installing.
isnt the point of ATM to withdraw cash or make transactions?
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
How is that relevant in bitcoins?
i have seen many ico's try to do that, i have been wondering for a long while now
Use the important links and try to follow it step by step to install it.
There are many websites and articles that will help you with this.
Installing bitcoin ATM in your city for sure need big capital because you buy machine , you need permit and you need to places for the ATM machine. For me maybe it some user only use that because if we compared the price on the wallet and ATM is very big difference like buy bitcoin in ATM is more expensive if the selling price is more cheaper.
There are some very useful links that has been posted in the thread. Use them.
That is a very interesting question and you use the various means to do it.
I think the first thing that needs to do is legalize bitcoin as your currency in your country tho, and after you will looking for any information of how to make it than the last thing you need to do is find the way how you can make the people also interest to use bitcoin ATM, I mean you really need to do hardwork like making bitcoin ATM was better than any other ATM.
Hello everybody! I am thinking to start my own business and I though that maybe an installation of the first Bitcoin ATM in my city would be good idea which can bring me good income. But I have no idea from where to start, so I am here to hear all ideas, experience and advices.
Thank you!
Thank you!
You know what I was thinking the exact same thing. There is only one in my whole city and I live in a major UK city. I cant imagine it being to hard. I would look into to what bithumb are doing at the moment with all the infrastructure they are building in South Korea at the moment. They may even franchise out some atm's I think it would be worth contacting them about it.
You are so intelligent for this ideal you just think of go ahead and do it i wish you goodluck kudos to you Bro.
I don't think bitcoin ATM is a good idea because we all have bitcoins in our mobile phones then why we need to go to ATM?
If we want to buy bitcoins also it can be done in the internet by just sitting in the home,bitcoin machine is very expensive equipment so you need huge investment for it.
maybe the reason OP is the thing we do that related to the internet will allow loss of signal from the internet which can happen anytime and of course it will be very disturbing in terms of bitcoin transactions. and that I know as usual in making transfers or withdrawals we do by using ATMs it does not have to use the internet network, and that's just my opinion if there is a mistake I say please you can straighten it. If we want to buy bitcoins also it can be done in the internet by just sitting in the home,bitcoin machine is very expensive equipment so you need huge investment for it.
Hello everybody! I am thinking to start my own business and I though that maybe an installation of the first Bitcoin ATM in my city would be good idea which can bring me good income. But I have no idea from where to start, so I am here to hear all ideas, experience and advices.
Thank you!
you have a very good idea in terms of making a crypto ATM facility and I think if it can be realized of course it will be a profitable business field. but in my opinion you will not be able to realize it yourself because of course you have to have a manpower who is expert in the design of ATM crypto. so I think start by opening a list of job openings for people who are experts in their field and it seems like this will take a long time. Thank you!
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