Post
Topic
Board Legal
Re: Can I open up a local shop and sell bitcoins for cash?
by
LLec
on 22/10/2016, 02:43:53 UTC
I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. Sure a bitcoin ATM can fulfill that role but as a shop I could do other things such as sell bitcoin merch etc, offer information on bitcoin and cryptos etc, but primarily I'm wondering if I can sell bitcoin for cash without hassling customers with paperwork. I suppose the laws would be the same for an ATM machine? which I haven't heard to be of a legal problem. I'd be considering doing this in Texas, USA, by the way. Any references or shared knowledge would be great, and I'm less interested in speculation. Thanks!
I dont think anyone would be interested to go to your shop to buy bitcoin when he/she can buy it online much easily and quickly.Bitcoin is not a physical commodity which people should examine before buying so going to shop to buy it is useless
Maybe this is why ATM machines for bitcoin have not really taken off either.
Bit if it is marketed correctly I believe it can turn out to be a successful business and very profitable.