How to install a Bitcoin ATM in my city?

[greeklogos]

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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[1715018227]

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[btc_angela]

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.

[marlboroza]

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://bitcointalk.org/index.php?action=profile;u=898569 or call him at this number https://bitcointalk.org/index.php?topic=1614895.msg20169320#msg20169320 (don't forget +385   )
He is in ATM business very long.

[greeklogos]

That would be great idea!
As I can see you are from Serbia, i can only suggest you to contact this guy https://bitcointalk.org/index.php?action=profile;u=898569 or call him at this number https://bitcointalk.org/index.php?topic=1614895.msg20169320#msg20169320 (don't forget +385   )
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!

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!

[samuel999]

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!

[kaya11]

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.

[Granxis]

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.

[bijansha]

Does anyone know the economics of running a Bitcoin ATM?

[Cobalt9317]

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.

[supermine]

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.

[Rinsend]

this is a good idea.
but to get started, you have to join a bitcoin exchange company where you live,
because it will be very inconvenient if you will move yourself.
it is certain you will be able to earn substantial income

[Qartersa]

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!

Better check out the leading bitcoin ATMs around, but I would be careful with these as a lot of these bitcoin ATMs are just made by small companies and security wise that's not really good. A lot of these are just some kind of garage manufactured type of things and if you want to secure yourself from hackers then you should reconsider. Another thing is that a lot of these bitcoin ATMs are sold in the US and some parts of Europe, and they are huge! You better be prepared for the shipping cost of these.

[WINS]

in my opinion first you need to ask permission from local authorities

[paulGems]

Running a Bitcoin ATM machine is a good business idea. However, you need to figure some core issues such as regulations in your city or state. In many jurisdictions you need to get special licenses like MSB or others in order to conduct such a business. The location of the ATM machine will also be critical to your success. the list of top 5 bitcoin ATM location types according to the stats we collect on the site: Restaurant/pizzeria, Cafe/coffeeshop/gelateria, BTC embassy / company office, Shopping mall, Supermarket / food store / Deli.

[carlfebz2]

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!

Is there any updates regarding into this if op did able to make his plans on putting or installing bitcoin atm in the city? Actually no one would really stop you to do such thing as long bitcoin isn't prohibited on your country then you should be fine no matter how many bitcoin atm machines you would install and the most important thing you are the first one to install then roi would really depend on how many bitcoin users residing on that place or on how adoption would grow.

[jeanne19]

i used youtube and found 0 final results best things is to pay for developer and they will made it for you.
It is easy to do this, so it is better to buy a device and then set up those devices in a good location near well known place.
people dont like ATM because it costs  too much fees and i is better to make 5% of fees or less than it.
bitcoin ATM is good place to make money.

[1Referee]

Running a Bitcoin ATM machine is a good business idea. However, you need to figure some core issues such as regulations in your city or state. In many jurisdictions you need to get special licenses like MSB or others in order to conduct such a business. The location of the ATM machine will also be critical to your success. the list of top 5 bitcoin ATM location types according to the stats we collect on the site: Restaurant/pizzeria, Cafe/coffeeshop/gelateria, BTC embassy / company office, Shopping mall, Supermarket / food store / Deli.

It actually isn't. BATM's are only viable if you have plenty of them in various crowded locations that are experiencing a constant level of usage. As you mentioned in your post, it requires you to comply with so many rules/regulations, where you need to obtain the proper licenses, etc, which all costs a massive amount of money. I remember having read how just getting the right licenses could cost up to millions, which is something the far majority of the people don't even have. In case you managed to obtain everything needed, you have invested millions of dollars that might take years and years (if ever) for you to gain back. Instead of pumping money into this non viable 'idea', you are far better off putting that money straight into Bitcoin.

[akamit]

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 don't know if you have already checked or not, I would like to inform you that localbitcoins also offers bitcoin atm system.
You can check it here > https://localbitcoins.com/atm/order-your-own-bitcoin-atm

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.

Atm can be very useful for fast cash if someone needs it urgently.
So I think its a better option to have atm facility in your city, in your area, near you. 

[Kingofbitcoin12345]

I’ll admit that i don’t totally know anything about this kind of businesses can exist or be manage by just an individual without big company backing it up and the central banks permission.. This is a huge gamble especially considering the risk of unknown effect of bitcoin unstable price and how does it should be updated every minute for it.. So take time to think a hundred times and gather information regarding this before doing such action..

[AjithBtc]

It's good to find an ATM Service provider, make an enquiry and then do the necessary process. Because I don't think it is that easy to implement an bitcoin atm independently without any support system. It's better to contact BCM ATM or some services similar to that which will provide the ease of implementing.