IS BITCOIN ATM PROFITABLE BUSINESS ?

[antisocial77]

whatever you do, if you do it first and if its not a super dumb idea, you make money.i think its same for bitcoin atm.but i have no idea about its procedure and cost.

[humanvelocity]

I don't really see the point here to be honest,Do you mean where you could get physical cash ? Then nope because Bitcoin is supposed to be completely virtual so there's no point to have ATM's for bitcoin. This is one of those things where if it works out its gonna blow like crazy or its gonna be really bad, I'd say we cant take that risk for now but maybe in future when Bitcoin reaches its full potential  .

[Pom_bensin]

If the legal framework in relation to cryptocurrencies is settled in your country, and they are applied, then this business will definitely become profitable. Moreover, if there is still little competition in this area in your country, you can be the first to equip a Bitcoin ATM and make good money on it.

constraints are indeed on government and government support. Bitcoin ATM can have a positive effect on its owners, especially business people, and this may take a long time to realize the Bitcoin ATM in a country if there is no clear contribution and legal framework from the government.

[fiulpro]

Well to be honest it depends on various factors , the most important thing is :-

        *Where they are going to be located ?

If you are going to you know place a ATM in a country where people are not that crypto friendly then it is bound to fail , also at the same time most people who are really interested in Bitcoin and all they usually exchange the Bitcoins only when they are getting a profit . Therefore the next thing is :-

      * Is if profitable for the investors , well even they need a reason to use it.

If the prices of the ATM match the prices one would get online ,that is a good deal , then they would actually come more often .

I think that's how it goes , It might be profitable , or it might now be profitable.

[dat.ho12492]

If the legal framework in relation to cryptocurrencies is settled in your country, and they are applied, then this business will definitely become profitable. Moreover, if there is still little competition in this area in your country, you can be the first to equip a Bitcoin ATM and make good money on it.

I don't think we can squeeze a foot into an area that has so many benefits like bussiness bitcoin atm because bitcoin has always been a relative problem that is concerned by the government when its benefits are too great, if the legal process is resolved, the government will certainly be directly involved in activities, bitcoin ATM business is a place that can get a lot of benefits and control everyone's assets, the government will manage this sector immediately, it is very difficult for us to participate in this activity

[oseikuf44]

Bitcoin ATM is a lucrative investment if you can have the upfront huge cost to start operating it. Having one at a countries airport or shopping mall will attract a lot of users while you charge transaction fees on it usage.

[Austin_Lord]

Yes Obviously  bitcoin ATM is very profitable.. but it totally depends on your needs.. i personally recommend  to use bitcoin ATM ....

[Austin_Lord]

Well to be honest it depends on various factors , the most important thing is :-

        *Where they are going to be located ?

If you are going to you know place a ATM in a country where people are not that crypto friendly then it is bound to fail , also at the same time most people who are really interested in Bitcoin and all they usually exchange the Bitcoins only when they are getting a profit . Therefore the next thing is :-

      * Is if profitable for the investors , well even they need a reason to use it.

If the prices of the ATM match the prices one would get online ,that is a good deal , then they would actually come more often .

I think that's how it goes , It might be profitable , or it might now be profitable.

Well  i agree with you.. it totally depends on situation.. it means in which country you lived..and many others situations...

[TastyChillySauce00]

Bitcoin ATM is a lucrative investment if you can have the upfront huge cost to start operating it. Having one at a countries airport or shopping mall will attract a lot of users while you charge transaction fees on it usage.

But there is also something you need to be taken into account and that is the maintenance fees, not to mention that there's a possibility for the ATM to be vandalized by the criminals. Although as I've seen most of Bitcoin ATM charging quite the amount of fee but I just can't see that the Return of Investment will be near.

[whyrqa-1]

Bitcoin ATM is a lucrative investment if you can have the upfront huge cost to start operating it. Having one at a countries airport or shopping mall will attract a lot of users while you charge transaction fees on it usage.

But there is also something you need to be taken into account and that is the maintenance fees, not to mention that there's a possibility for the ATM to be vandalized by the criminals. Although as I've seen most of Bitcoin ATM charging quite the amount of fee but I just can't see that the Return of Investment will be near.

It seems to me that the current capabilities of cryptocurrency users are very scanty and therefore everyone who is in the cryptocurrency market is trying to earn more from this business.  That is why there are still high interest rates for using Bitcoin ATMs.  When surreal infrastructure is ready for the use of cryptocurrency, I hope the conditions are much more favorable.  if the banking system had personal funds, then they would definitely use the cryptocurrency market for la for profit.  But since all the funds in each bank are personal funds to the client, they cannot risk them, since the cryptocurrency market still has a lot of big risks.

[RomanPetrush]

To be a successful ATM business you have to have lots of ATM's. Even a few of them won't give you a good profit. You have to count for sure more precise. But I think, you create a financial organization when you put atm anywhere. And you have to know and count everything regarding maintenance.

[Wolfwar]

To be a successful ATM business you have to have lots of ATM's. Even a few of them won't give you a good profit. You have to count for sure more precise. But I think, you create a financial organization when you put atm anywhere. And you have to know and count everything regarding maintenance.

there is already quite a lot of news in the media, those Bitcoin ATMs that already exist take quite large percentages and therefore are not very output for users.  But since users have no other choice, the owners of Bitcoin ATMs receive a good profit.

[Kriptonian1661]

It can be profitable, depends really on how much tax is paid and how much you setup your fees.

[Clark05]

First find the place who have many people like the market that can use your Bitcoin ATM machine and of course the machine cost is expensive and other equipment you need to start your planned.

It is porfitable if many bitcoin user will buy and sell to your ATM machine which is it accepting bitcoin because you will get profit for the every transaction they make to your machine.

[gangem07]

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 !!

Bitcoin ATM is profitable if bitcoin users in your country uses bitcoin for their daily transactions and i think widely adoption of bitcoin is needed  to become profitable because you said it seems there going to high cost.

[pixie85]

It is profitable because ATM fees are high and the maintenance cost low but you have to buy the ATM and this is a big investment. You could probably make the same money if you bought bitcoin with the money the ATM will cost you and held and you wouldn't risk somebody damaging the machine or stealing it.

2 way ATMs are the most profitable but also much more expensive and you need to invest in fiat money your ATM will be dispensing so you need a lot of money to start the business.

[Mahanton]

It is profitable because ATM fees are high and the maintenance cost low but you have to buy the ATM and this is a big investment. You could probably make the same money if you bought bitcoin with the money the ATM will cost you and held and you wouldn't risk somebody damaging the machine or stealing it.

2 way ATMs are the most profitable but also much more expensive and you need to invest in fiat money your ATM will be dispensing so you need a lot of money to start the business.

When planning to buy or built this bitcoin atm business then it does really need some serious amount of money to invest on  yet we know on how much
cost these atm are which isn't really that cheap.Its a profitable one but depending on where these atms to be placed,if there are lots of bitcoin 
or crypto people around then it would be profitable but if not then no one will still use it.

[bitzizzix]

It sounds interesting about bitcoin ATM if it's held in the country where I live, because it will provide many benefits, especially in businesses that will make it easier and more profitable.
I hope that bitcoin ATM will soon be held in my country for certain points in locations where the majority of bitcoin users are located.

[winston236]

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 !!

Given the pace of development and popularity of Bitcoin, I am sure that this will be a profitable business. Of course, it will not be cheap and, at first, most likely not very profitable. But this happens with any business that has just begun to grow.

[Austin_Lord]

Aww i think it is profitable..if i talk some previous weeks then that was not good  for me.. because  i dnt get any profit.. well overall bitcoin ATM is profitable  business  for all of us..