Post
Topic
Board Bitcoin Discussion
Re: Has anyone setup a Bitcoin ATM?
by
ryandanielt
on 01/01/2016, 15:18:04 UTC
Please learn from experience, if you don't have deep pockets and a well established business plan then you will end up far in debt. Currently owning 5 it took thousands just to finalize my MSB license with the revenue of canada and without that they can and will take you for everything you own.

After that you need to make sure that you have really deep pockets to be able to handle the conversions of money because yes people do use the machines and they do run out fast if not attended properly.

Also you will need insurance and well established business plan to get the proper insurance policy for a MSB.


Anything happens to the location your machine is in and is result of your machine being there then the location owner will hold you accountable and you will be in financial crisis.


I suggest do your research before making the purchase of a machine, most people just buy a machine and then realize these things after loosing all there money.