Bitcoin business idea: Own your own bitcoin ATM!

In recent years, we have seen the appearance of ATMs or bitcoin distributors in the countries most tolerant of cryptos. We see more and more of them. Today there are more than 5000 distributors in more than 70 countries. We know that this will increase in the months and years to come.

Likewise, with the appearance bitcoin bank cards which are attracting more and more people, we know that bitcoin distributors will be extremely profitable.

So this is a new business idea that I’m giving you here. The ability to purchase bitcoin ATMs. I would add that now is the ideal time to get started. Concerning the business model, you take a commission on each transaction carried out on your machine. As simple as that.

What to look for before buying BTM crypto

Certainly, crypto ATMs are growing in popularity. Likewise, the manufacturers themselves offer ever more efficient models. Finally, to set up such a business, nothing could be simpler in appearance. This is relatively equivalent to those who have laundromats or those who own beverage vending machines. We are almost at passive income as maintenance and management are simplified.

But, before you get started, the first thing to do is to do a good market study in your region. To be profitable, you will absolutely have to place your bitcoin ATM in a busy location. We cannot insist enough that you do this in a train station, an airport, in the lobby of a shopping center or any other place with a high concentration of people.

The second thing to take into account is the legislation. Do not hesitate to contact the business register in your city to find out the laws regulating bitcoin.

The best bitcoin ATM providers in the world

lamassu

Israel-based Lamassu has been a well-known manufacturer of bitcoin ATMs for years. The company was the first to create a two-way ATM that allows users to not only buy cryptocurrencies like Bitcoin, but also sell cryptocurrencies. Lamassu currently makes four different models: the Douro II ($5), the Sintra Forte Cryptomat ($897), the Sintra Bidirectional ($10), and the recently launched Gaia ($094). This can be a very good option if you want to start this activity in the sense that you can also choose the commission rate for each machine.

general bytes

This is perhaps the most well-known bitcoin ATM. general bytes has been selling crypto ATMs since 2014 and is one of the most popular device manufacturers in the world. Besides, if you have ever come across a crypto ATM on the street, it must certainly have been a General bytes model. The Prague-based company has machines in more than 70 countries and was the first ATM supplier to add near-field communication (NFC) technology to its products. Coinatmradar.com says there are approximately 1 General Bytes machine slots. This model shown in the photo costs around $384. General Bytes machines accept almost all major fiat currencies and over 3000 cryptocurrencies are also supported. It is a very good option for beginners and experienced in this business. In fact, the big advantage of having these machines is that people must have seen them, and for them, it is in some ways the official bitcoin distributor. A sort of branding that is already active in some ways.

Genesis Coin

Genesis Coin is another bitcoin ATM used by a large number of companies.

The company sells two models: the Genesis 1 two-way device ($14) and the smaller Satoshi 500 model ($1), which can be configured for a two-way device. Each machine delivered has a lead time of 6-800 days depending on your location. What pleases with these distributors is their very classic formats and close to Fiat currency ATMs. Genesis 7 comes with features like a bill validator, barcode scanner, thermal printer, EMV card reader, optional fingerprint reader, and a high-definition camera. According to the site www.coinatmradar.com , there are more than 1 ATM machines worldwide.

Bitaccesses:

The Canadian company Bitaccess offers several services, but note that it also manufactures ATMs/bitcoin distributors. The company offers two types of models: the Btm C ($6) and the Btm SE (at $000). The Btm C is a two-model entry-level device with a 8-inch touchscreen. The machines are very efficient but customers must order a minimum of two machines. Bitaccess explains that the Btm SE special order is a highly secure configuration, ideal for large deployments. The machines support a wide variety of fiat currencies, but the Btm C and Btm SE support BTC, LTC, BCH, ETH, ZEC and a few other coins.

Currently, Bitaccess brand bitcoin ATMs are spread across 254 locations around the world. They can be found at airports and in fancier places.

How much can you earn with a bitcoin ATM?

On the CoinAtmRadar site, you have a tool that will allow you to calculate your profits. In fact, go to >> https://coinatmradar.com/roi/bitcoin_atm_business_return_on_investment/, and you can calculate your future earnings.

Naturally, this will mainly depend on how often you use your machine. According to the words and comments of the machine owners, it is said that they earn around 1000 dollars per month.