Post
Topic
Board Bitcoin Discussion
Re: Anyone in the Bitcoin ATM business?
by
BtcATMs
on 04/09/2020, 14:09:06 UTC

Maybe in your country, that's why it is so hard to make an estimation
For example:
https://coinatmradar.com/city/296/bitcoin-atm-valencia/

Quote
Buy: 5.3%
Sell: 2.6%

7.5% might sound lower than probably half of the BATMs in the US but it's highly likely is higher than almost all around here  Grin


Not sure where you get those numbers. I went on the link and most BUY rates are at 8.5% or Fees N/A or "unknown" (Bitbase at 10.5%! Huh) ... a couple in Madrid at 5-6% but no way an average of 5.3%?

Anyway, I understand the lower the better. It's a matter of finding a price equilibrium to stay both competitive and profitable. On the other hand, no need to compete with exchanges, only other BATMs.