Topic: IS BITCOIN ATM PROFITABLE BUSINESS ? - page 5. (Read 1723 times)
I think it will be a profitable business, because now the enthusiasm of the community towards bitcoin is very large, and the existence of bitcoin ATMs makes a lot of people increasingly believe in investing in bitcoin
<…> Bitcoin ATM is can be a business for those who really have interest in the crypto industry and also searching for new income source as well, <…>
Some people seem to confuse setting-up a Bitcoin ATM business, with a Laundromat: see Spain – busted - Crypto ATMs used to launder narco money on a large scale.An ATM costs around 10K Euros + VAT regular price (at least in Spain – see for example one of those decommissioned from the above law enforcement operation: https://www.btcfacil.com/en/atme01). The happy owner then seems to be able to control the commissions per TX (on top on the network’s I presume) which I figure should be the legit source of income.
We are now back to bitcoin with high volatility knowing that thr current market price drop already. There are more reason to these and probably this is cause by the weak hands after seeing that they had gain on bitcoin selling it give them profit.
Well OP, bitcoin is profitable see how market price for bitcoin moves. In that area, definitely we can say that bitcoin could be profitable. Investing earlier part where bitcoin market price was 3k usd was the best time to.invest but many users are afraid for bitcoin recession that eventually did not happen instead it gain a surge of market price increase.
Well OP, bitcoin is profitable see how market price for bitcoin moves. In that area, definitely we can say that bitcoin could be profitable. Investing earlier part where bitcoin market price was 3k usd was the best time to.invest but many users are afraid for bitcoin recession that eventually did not happen instead it gain a surge of market price increase.
I think it will be a profitable business, based on what you said that you one of the top 5 africa countries who uses bitcoin so that means a lot will patronize your business to avoid fees from exchanges made through banks. Also I think people find it a very convenient to use BTC ATM.
For the past few week i having thinking about Starting My own bitcoin ATM company , i have been doing allot of research about it and its seems there going to high cost as start up .. My country is the one top 5 africa countries that uses bitcoin but yet i have never seen any bitcoin ATM here . I really need advice from you guys . Is bitcoin A profitable Business and if you any manufactures of this ATM you can recommend to me !!
This might be one risky move but it is worth taking the risk. Before starting an Bitcoin ATM, you at least a lot of promotion and proper limitations about the availability of the machine. Starting a company based on Cryptocurrency might be hard because not everyone is knowledgeable about Bitcoin. You at least need proper promotion and maybe help from some banks if they will see a profitable business in implementing a Bitcoin ATM.
Based on usage of the ATM the owner who have implemented will get good profit. It cannot be used as an opportunity to get good profit instantly. In my opinion bitcoin ATM will profit as years pass based on the increasing number of users getting into cryptocurrency. The bitcoin ATM usage in recent days have declined as it charges big than using exchange services.
The beginning is indeed not profitable but over time it will be profitable yes, if it produces dozens of ATM then it has the potential to get good profits. You're right about fee but on a number of exchanges it also has a high cost when making a withdrawal to the bank and this allows users to switch to an ATM machine and I think this is very good. 
Based on usage of the ATM the owner who have implemented will get good profit. It cannot be used as an opportunity to get good profit instantly. In my opinion bitcoin ATM will profit as years pass based on the increasing number of users getting into cryptocurrency. The bitcoin ATM usage in recent days have declined as it charges big than using exchange services.
Yes, it is! Bitcoin ATM installation requires a BTM functioning knowledge and for that proper training of its working is required. Bitcoin ATM is can be a business for those who really have interest in the crypto industry and also searching for new income source as well, so, they can contact Bitcoin ATM producer for detail and become a professional Bitcoin operator.
There are already many crypto users, so I should say that ATM businesses nowadays is really profitable. Sadly, there are only few banks who are providing this. If they will just gonna spread ATM machines, it would be very easy for us crypto patronizers to withdraw. Anyway, it is a testing stage for now. Hope, it will other banks will reconsider to open up somethng like this.
Well bitcoin ATM is going to be a good business where is currently acceptable for transaction, I believe the more it goes popular, then see it as good profitable business, looking forward to see it accepted everywhere.
It will be a good business if you are in the place or in the country that bitcoin or other cryptocurrencies are popular and also if your country is modern because here in our country bitcoin is still not accepted by the government that's why it is not recommended here to build bitcoin atm business.
Isn't it? Nowaays many ppl have farms n use green energy. So it's a great profit
i can agree with yours sentence!
but this is really improbable in EU!
Starting Bitcoim ATM is needed a big capital because you need a machine a lot of process and for sure you need to hire professionals for that. I do not know is bitcoin ATM is profitable as business but if you really want it why not. Once build bitcoin ATM to your country it will big help to the crypto community because many crypto user can buy and sell to your ATM.
I agree with your question
Because you did a lot of research on bitcoin ATMs, I have never seen that machine? same as in my country when bitcoin is available in a local cryptowallet so we don't need to have a machine like that, even though there are some in big cities
Because you did a lot of research on bitcoin ATMs, I have never seen that machine? same as in my country when bitcoin is available in a local cryptowallet so we don't need to have a machine like that, even though there are some in big cities
Isn't it? Nowaays many ppl have farms n use green energy. So it's a great profit
Well atm company that sell Bitcoin to me is standing and slowly expand their business to other states
I think that would be profittable if and only if you pick the right spot where youll be putting your bitoin atm.When doing business like this spot is the number 1 thing you need to find out first where do you know that there are more bitcoin users out there.
Yes, I agree that Bitcoin is really a Profitable Business where you say that there is no such thing in your area, so your business certainly can move very quickly to a higher level. But if you do not get government permission then how can you do it? Transaction charge If you can keep a good average, then there is no other thing, your business definitely will move better.
Setting up any business, you need to perform feasibility study. Don't just rely on demand. There is a lot to consider and requirements especially bitcoin ATM business is not a typical business.
Bitcoin-related business is always a concern to the governments. Just make sure to check for the necessary permits if these are available with the specific locations.
Bitcoin-related business is always a concern to the governments. Just make sure to check for the necessary permits if these are available with the specific locations.
As you have states that your country africa is one of the top countries using cryptocurrency so you can get earnings on it. Just make a study first as this is the first thing that one should consider before implementing the project.
If I were you since you will going to integrate it with an atm cards and an online system app that will act as atm.machine should run first in your area. Meaning a small start would do and if you are earning on it then you can expand the business over a period of time.
If I were you since you will going to integrate it with an atm cards and an online system app that will act as atm.machine should run first in your area. Meaning a small start would do and if you are earning on it then you can expand the business over a period of time.
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