How to install a Bitcoin ATM in my city? - page 5.

Cobalt9317

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Quote from: bijansha on December 10, 2017, 06:52:54 PM

Does anyone know the economics of running a Bitcoin ATM?

In my country there is so called bitcoin ATM personally I don't know what is the convenience of that I've seen one but never did a transaction with it.

But I think it is profitable if you have funds to established it.

bijansha

newbie

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Does anyone know the economics of running a Bitcoin ATM?

Granxis

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Quote from: greeklogos on November 27, 2017, 01:54:39 PM

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!

It's a good thing you want to build Bitcoin ATM, but I do not think it can be done by one person. Perhaps you can work with a bank and government, frankly you're in a diffucult situation. You will also need a cards. I hope you can build the Bitcoin Atm.

kaya11

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Quote from: samuel999 on December 09, 2017, 06:07:46 PM

I would do a quick google search on some already established bitcoin atm companys. I am lucky enough to have 2 bitcoin ATMs within 10 miles of my house, so it is possible to to. Contact some of these companys and I'm sure they can point you in the right direction on what you need to do. Good luck!

We should put this in consideration, this might become big in the near future as crypto community is getting larger. Why not make a thread regarding this issue. People who are expert in installing BTC ATM should be encorage to make a thread.
Me myself is interested in investing in this kind of business, there's still no Atm for BTC in my city and I am thinking also where I could get it. Trusted escrow agents will mediate the transactions.

samuel999

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I would do a quick google search on some already established bitcoin atm companys. I am lucky enough to have 2 bitcoin ATMs within 10 miles of my house, so it is possible to to. Contact some of these companys and I'm sure they can point you in the right direction on what you need to do. Good luck!

greeklogos

full member

Activity: 658

Merit: 152

Quote from: marlboroza on November 27, 2017, 03:40:57 PM

That would be great idea!
As I can see you are from Serbia, i can only suggest you to contact this guy https://bitcointalksearch.org/user/bitsd-898569 or call him at this number https://bitcointalksearch.org/topic/m.20169320 (don't forget +385 Tongue

)
He is in ATM business very long.

Yes, I am from Serbia and those links you sent to me are from Croatian local board. Thanks God I understand their language and can read something about their experience with bitcoin ATM in Zagreb. Thank you!

Quote from: btc_angela on November 27, 2017, 02:08:07 PM

I think it depends on where are you located. A simple google search will give this results:

https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/

https://news.bitcoin.com/start-bitcoin-atm-business/

I guess you need to go through that articles and see how it applies to you. If would definitely a win-win situation for you. Your country will know bitcoin and probably gain acceptance, and you will get a good ROI. Goodluck.

Thank you mate! I didn't even expect that I will get replies and necessary links so fast! You are real pro!

marlboroza

legendary

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Quote from: greeklogos on November 27, 2017, 01:54:39 PM

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!

That would be great idea!
As I can see you are from Serbia, i can only suggest you to contact this guy https://bitcointalksearch.org/user/bitsd-898569 or call him at this number https://bitcointalksearch.org/topic/m.20169320 (don't forget +385 Tongue

)
He is in ATM business very long.

btc_angela

hero member

Activity: 2604

Merit: 542

Quote from: greeklogos on November 27, 2017, 01:54:39 PM

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!

I think it depends on where are you located. A simple google search will give this results:

https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/

https://news.bitcoin.com/start-bitcoin-atm-business/

I guess you need to go through that articles and see how it applies to you. If would definitely a win-win situation for you. Your country will know bitcoin and probably gain acceptance, and you will get a good ROI. Goodluck.

greeklogos

full member

Activity: 658

Merit: 152

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!

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