Anyone in the Bitcoin ATM business?

[stompix]

It all depends on where you live, because if you are in a place that has banned Cryptocurrency or Bitcoin you will never be able to find a Bitcoin ATM, but if you are in a country that has legalized Bitcoin, you will definitely find more Bitcon ATMs. there and it is very easy for you to make transactions with a Bitcoin ATM.

No, it doesn't depend on that, there are tens of countries with favorable laws and barely a few Batms.

If you would have actually taken a look where those BATMs are located by the country you will see different numbers that make no sense based on any pop/income statistics and all the while in countries with nearly the same laws.
For example, Austria has 149 while France 9, is bitcoin banned in France?

No, all that matters is the market, if people use them and the operators get profit from them they will install more if the business is dead and people are choosing another method of buying/liquidating no law will manage to bring you, clients. It's the market that dictates this and the money that people have, you can have a country with 100 million population, but if everyone is dirt poor no matter what laws you pass they will never be able to buy, especially if only the tx is worth a daily wage there.

"7.5%? I would never exchange a penny." - Thanks, also good to know and why we are still researching (it's been hard to get real-world user/owner feedback)... 7.5% is just a jumping in point based on being lower than any other BATM market but obviously better to know what users are really willing to pay.

Maybe in your country, that's why it is so hard to make an estimation
For example:
https://coinatmradar.com/city/296/bitcoin-atm-valencia/

Buy: 5.3%
Sell: 2.6%

7.5% might sound lower than probably half of the BATMs in the US but it's highly likely is higher than almost all around here 

[BtcATMs]

Maybe in your country, that's why it is so hard to make an estimation
For example:
https://coinatmradar.com/city/296/bitcoin-atm-valencia/

Buy: 5.3%
Sell: 2.6%

7.5% might sound lower than probably half of the BATMs in the US but it's highly likely is higher than almost all around here 

Not sure where you get those numbers. I went on the link and most BUY rates are at 8.5% or Fees N/A or "unknown" (Bitbase at 10.5%! ) ... a couple in Madrid at 5-6% but no way an average of 5.3%?

Anyway, I understand the lower the better. It's a matter of finding a price equilibrium to stay both competitive and profitable. On the other hand, no need to compete with exchanges, only other BATMs.

[stompix]

Not sure where you get those numbers. I went on the link and most BUY rates are at 8.5% or Fees N/A or "unknown" (Bitbase at 10.5%! ) ... a couple in Madrid at 5-6% but no way an average of 5.3%?

A lot of operators change the fees depending on the market, for example, shitcoinclub right now is offering

Buy: 8.8%
Sell: 0.1%

in Spain right now, but when I posted the message, the situation was like this:
https://archive.vn/F0IC6


Just to compare, in Romania for example they have right now the opposite:

Buy: 1.8%
Sell: 6.2%

Besides, there are a lot of ATMs that don't have the fees updated for coinradaratm, bitnovo for example has static rates of 5.5% but they are not updated on coinradar, just one their website.
As I said,

I have a habit of looking at them as sometimes they change the fee they have and when they drop it to 1%-2% I go and pick some cash to avoid bank transfers.

Anyway, I understand the lower the better. It's a matter of finding a price equilibrium to stay both competitive and profitable. On the other hand, no need to compete with exchanges, only other BATMs.

Then you probably shouldn't care about anything else than the fee of the competitors in a 10 km range, depending on when you plan to place them.
Offer 0.5% lower than them and make sure you're always full of cash (if you intend to offer that option) as nothing pisses people more than running into an empty machine,  and you're good to go.

[josephinerosdy]

in my country there is no Bitcoin ATM and it seems impossible. but it can be a good and profitable opportunity if the use of bitcoin in your country is high in demand and people use bitcoin for daily needs.

[0nline]

I have seen a lot of BTC atms at my local king soopers. Surprising that it is gaining traction. I do not see a lot of people using them though.

[Rikafip]

I have seen a lot of BTC atms at my local king soopers. Surprising that it is gaining traction. I do not see a lot of people using them though.

I think it's pretty much similar for all BTC atms, the ones in your area are not an exception and it is similar situation in my town as BTC atm is my preferred way to buy and sell bitcoin.

All this will most likely change once we go into real bull market and we come close to old ATH, as that's what happened last time. I remember waiting in a que infront of ATM for an hour or two during fomo, people were massively buying and selling BTC that way.

It is also worth mentioning that nowadays we have more options to cash out than we  had before l, so maybe that's another thing that makes BTC less popular.

[MCobian]

It is true that it is quite surprising the growth of Bitcoin ATM machines in the COVID-19 pandemic situation, especially in America
as the largest number of Bitcoin ATMs. It should indeed benefit the owners of Bitcoin ATM machines, maybe this happened because
the popularity of Bitcoin has increased this year. As the COVID-19 pandemic situation has made many people seek lucrative assets,
and Bitcoin is a profitable asset. With so many people buying Bitcoin using Bitcoin ATM machines, it makes the number of Bitcoin
ATMs grow. Maybe for a newbie to buy Bitcoin through an ATM machine much simpler and easier than using exchanges.

[akram143]

Bitcoin ATMs are goes against our country's law even bitcoin is still legal in our country but in future if bitcoin gets regulated there will be huge potential for Bitcoin ATM in India.Even I did some videos about how to make DIY bitcoin ATMs and make money out of it but no reason to try out it now.

Where can we buy a Bitcoin ATM in Asia?

[verita1]

How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?

Do you own any ATM? If yes where did you got that? Can anyone get in to this business? I am interested in this. can you help me by providing any link?

Hi, You can create your business proposal on the website.

https://cryptobuyer.io/en/atm/

Cryptobuyer offers its crypto payment gateway services for Venezuela and is a network of ATMs that has installed ATMs in Panama, Chile, Costa Rica and the USA.
They also have a channel on Telegram.

https://t.me/CryptobuyerEn

You can have more information with the administrator.
JP
https://t.me/EstuCrypto

I hope it is useful!

[BtcATMs]

How is going? Seems like machines continued fast growth during Covid... has it been a good year for the BATM owners?

Do you own any ATM? If yes where did you got that? Can anyone get in to this business? I am interested in this. can you help me by providing any link?

Hi, You can create your business proposal on the website.

https://cryptobuyer.io/en/atm/

Cryptobuyer offers its crypto payment gateway services for Venezuela and is a network of ATMs that has installed ATMs in Panama, Chile, Costa Rica and the USA.
They also have a channel on Telegram.

https://t.me/CryptobuyerEn

You can have more information with the administrator.
JP
https://t.me/EstuCrypto

I hope it is useful!

Hi, Thanks. Nice to see a working model.

[Cryptoreflector_666]

It is true that it is quite surprising the growth of Bitcoin ATM machines in the COVID-19 pandemic situation, especially in America
as the largest number of Bitcoin ATMs. It should indeed benefit the owners of Bitcoin ATM machines, maybe this happened because
the popularity of Bitcoin has increased this year. As the COVID-19 pandemic situation has made many people seek lucrative assets,
and Bitcoin is a profitable asset. With so many people buying Bitcoin using Bitcoin ATM machines, it makes the number of Bitcoin
ATMs grow. Maybe for a newbie to buy Bitcoin through an ATM machine much simpler and easier than using exchanges.

We can absolutely say that the covid-19 pandemic has had a positive impact on the situation in the cryptocurrency world. The increased growth and stable dividends of joy to me every month. It would be interesting to know what is the current liquidity in the market? Has anyone googled it?