My friends and I are considering building bitcoin ATMs. We're still doing the necessary research and planning and we've been looking at existing ATMs like Lamassu. Based on what they've been reporting online (and other sources), it seems to be a pretty profitable business.
We understand that there are lots of regulations involved depending on the country of residence, but we are considering just building and selling the machines, not operating them. Off the bat, are there any other important considerations we should know? Red flags? Any feedback will be appreciated.
I have been looking forward to this for a long time. Your intentions are very good and helpful. I regularly sell my BTC but it is quite difficult because there are so many scamers, high transaction fees and when I sell btc on Remitano I always lose 0.0005 btc fee for them.
Really hope your project will succeed, because bitcoin is becoming more and more popular, so the number of people trading bitcoin has increased tremendously.