Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Anyone in the Bitcoin ATM business?
by
BtcATMs
on 06/08/2020, 21:03:42 UTC
⭐ Merited by suchmoon (4)
Is this really a profitable business? For some reason I doubt it. I think crypto ATM is not popular enough.

It's hard to tell but the numbers suggest it must be profitable. Why else would people keep installing so many machines? The machines have grown 2,100% over the last 5 years. They predict an annual cumulative average growth rate (CAGR) of 55% over the next 5 years which makes them one of the fastest growing industries in the market (by far). I plan on getting in the business and it would be great to get some feedback. I think testing the waters is the only way to really know.

As far as regulation, it is definitely wise to do proper research. I know where I am the one-way machines have the same regulation as a vending machine. Two-way are a little more complicated but not much more difficult.