Crypto currency ATMs are become a more popular way of accessing cryptocurrency as well as purchasing cryptocurrency. With over 3000 ATMs now available its worth considering for you business whether it is worth buying a cryptocurrency ATM for sale. Cryptocurrency can be a lucrative business with transaction fees close to 8-9% per transaction.
Cryptocurrency ATM For Sale
There are two paths to being involved in crypto ATM transactions, either offer your retail location as a space for a crypto ATM, where you will be paid a ground rental for the machine likely on a monthly basis, or buy an existing ATM from a provider and then you will receive a percentage of the transaction values. Either way with ATMs few and far between you will receive additional trade and extra income from having a crypto ATM at your retail outlet.
What You Need to Know About Crypto ATMs
Cryptocurrency such as bitcoin is growing in popularity and more people and companies are willing to use these currencies to make everyday purchases and sales. Several large retailers now accept crypto currency purchases and among online retailers this is a fast growing trend. You find that with such trends once a large number adopt it, the large majority follow. Think of online shopping, free returns on online shopping and home delivery of groceries, these have all become the norm after a few years where only a couple of early adopters pioneered them.
Crypto ATMs are a fast way of transacting cash and cryptocurrency. They allow a buyer or seller to exchange between currencies quickly and securely. Without an ATM, a person with cash would need to deposit their cash with their regular bank, then carry out an online transaction the next day to purchase their cryptocurrency, whereas with an ATM the whole transaction takes minutes if they are already an established user with a crypto account and wallet.
The ATMs carry out the full functionality of the transaction that a bank teller would including taking identification checks, scanning QR codes, and sorting, counting and transacting cash. Connected to the ATM provider’s network via either Wi-Fi or cell connection there is no requirement for you to do anything with the machine beyond having it sit there on your premises and perhaps occasionally clean it!
How Will Crypto Users Find Your ATM?
Once you have an active ATM your ATM provider will include your location on their ATM map and you will probably find you get customers using it quite frequently after that. More map operators are now including crypto ATMs on their online maps as well so you will likely be listed by the ATM provider and soon find that you appear on Google maps, Apple maps, and many others to be found by anyone who wants to use a Crypto ATM or just see what one looks like!
Cryptocurrency is a growing trend, and the pattern of making it more readily accessible through ATMs will only grow. Being an early adopter will give you a loyal customer base.
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