Post
Topic
Board Bitcoin Discussion
Re: BTC ATM's installation and business model, any advice?
by
sahirnaveed
on 16/02/2020, 12:44:04 UTC
I am UK based and looking to setup a BTC ATM, initially just one or maybe two locations, I'd rather not lease or take on a franchise, but run a machine myself. Has anyone any experience in this?, where's a good place to buy the actual machines? - I've seen a range of prices from US to China, how is easy is the software setup? I know the turnover question is difficult to answer but selling small amounts of SATs, can one location sell up to 1 btc per day?, any other things I should be aware of? BTW am pretty much clued on local laws in the UK.
Thanks in advance

I do not know anything about installing and providing a Bitcoin ATM, but judging by my observations, people do not very often buy or sell satoshi through such devices (at least in my city). However, I am sure that the amount that you will get for the commission fees should satisfy you (but this amount is likely to be less than 1 Bitcoin per day)