Re: How to install a Bitcoin ATM in my city?

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!

In order to set-up a Bitcoin ATM in your city, the very first thing you got to make sure is that Bitcoin is legally recongnized in your country to avoid any legal prosecutions in future.

Next, You can check out https://localbitcoins.com/atm/order-your-own-bitcoin-atm
Localbitcoins offer Bitcoin ATM which will cost some initial investments.

Goodluck with the project

As far as I know before you can install Bitcoin ATM it must recognize first by the government. Yes there is a process and documents to be signed by the government in order to approve the request. So once you have followed the process it can be installed.

Most of the governments are reluctant in providing these facilities to the people. Even if see towards china, which is a super power and has a very strong hold on the economy of the world, is not letting its people to have these facilities, but the best thing is that despite all the bans and restrictions, the people who want to invest can do the investments from any part of the world. The crypto part is really providing security to everyone involved.

That's part of the reality which there are really country which would really be totally disagree with this kind of actions or investment of some individual this is why its really important for you to ask on local lawyers if its not prohibited or not before you would put up those ATM and also consider the level of adoption into your place so that your atm would generate some good profits as an owner.Installing isn't really bad as long you do have the money to buy on and your country doesn't really have any restrictions towards it.