In a recently completed study, our friends at Coin ATM Radar (http://www.coinatmradar.com) have laid out in great detail concepts that both new and experienced operators will encounter when operating a Bitcoin ATM. The Bitcoin ATM industry is growing fast. If you are considering taking the plunge into this challenging but nonetheless potentially lucrative field, check out what the experts advise on the topics of fees, operating costs, profitability, legal hurdles and more.
Running a bitcoin ATM is an interesting business opportunity in the new era of digital currencies. However, sometimes the lack of information keeps people away as they don’t know where to start. And what is more, they often find it impossible to get any practical estimation of potential income and expense, and how much one can expect to earn with a bitcoin ATM. Coin ATM Radar has provided an in-depth look at a number of critical topics that must be considered when entering the Bitcoin ATM business, including:
- Legal costs of starting a bitcoin ATM business
- Costs of ATM hardware
- Rent payments
- Cash collection and exchange services
- Liquidity size required to opearte a bitcoin ATM
- Customer support costs
- Bitcoin manufacturer costs
- Promo campaigns/branding
- Sales volume
- Other costs
Follow the link below to view the entire study, as well as find additional tools and resources for the Bitcoin ATM operator.
Revenue and costs of running a bitcoin ATM - A blog post from Coin ATM Radar