Crypto ATMs for sale in Canada
Bitcovault Crypto ATMs Сompany offers you to buy Bitcoin ATMs in Canada with equipment delivery to your business location in CA.
Bitcoin ATMs for sale provided by Bitcovault is an excellent opportunity to start your own profitable business in Canada in the field of crypto technologies with a minimum return on investment and payback period.
Adjust fees and control ROI
2 weeks lead time
Free shipping across USA
Hardware and Security
Ergonomically sleek and Smart Design with several color options to choose from
Easy to install with safety option to bolt ATM to the floor
MEI Bill Acceptor with 1200 bill capacity AND Fujitsu Bill Dispenser with 1000 bill capacity
17’-19’ Touch Screen options
Custom Thermal Printer that prints QR Code receipts for your customers
Built with robust steel material weighing approx. 235 lb.
Designed for secure cash access through Double Panel entry equipped with electronic Audit Lock
Simple access for First Line maintenance personnel
The most advanced webcam available
State-of-the-art software with reliable back-end access
About Bitcovault Bitcoin ATMs
Bitcovault teller machines for cryptocurrency exchanging: Bitcoin and Ethereum into fiat money (CA dollars, etc.) are reliable and flexible; they are manufactured by the company with a great experience in the field of fintech equipment and software development.
It is worth noting that the software installed on Bitcoin ATMs produced by Bitcovault is developed by a team of developers inside the company, which ensures the reliability and flexibility of the whole crypto system. We have also developed our own crypto wallet called Payperless - which guarantees that we have a state-of-the-art team of developers and technical support for our product - Bitcoin machines in the CA.
Regulation of the cryptocurrency market in Canada
Cryptocurrencies are not officially recognized as a means of payment in Canada but can be used to purchase goods and services online or in stores that accept them. The Canadian government continues to develop regulations applicable to digital currencies, virtual currencies, and cryptocurrencies.
It is worth noting that it was one of the first countries to approve regulation of cryptocurrency service providers, primarily regulating them under the Securities Acts as money service businesses (MSBs).
Are cryptocurrencies or businesses prohibited in Canada?
The use of cryptocurrencies in Canada is not prohibited, but at the same time, there is no direct regulation of cryptocurrency activity in Canada. In the country, this sphere is regulated by three main legal acts:
1. AML/CFT Act (PCMLTFA Act)
Under the local AML/CFT Act, businesses that handle cryptocurrency can be classified as money service businesses (MSBs). Its provisions would also apply to cryptocurrency exchanges operating outside the jurisdiction that provide their services to both individuals and corporations in Canada.
2. The Securities Act
On August 24, 2017, the Canadian Securities Administrators (CSA) published CSA Staff Notice 46-307 Cryptocurrency Offerings, which describes how securities law requirements may apply to:
- Initial Coin Offerings (ICOs);
- initial token offerings (ITOs);
- registration of a cryptocurrency investment fund in Canada;
- registration of a cryptocurrency exchange in Canada; and obtaining a license to exchange cryptocurrencies in Canada.
3. Canadian Provincial Securities Acts
Virtual currencies may be subject not only to federal laws but also Canadian provincial Securities Acts to the extent that a virtual currency is considered a security.
Before embarking on crypto business in Canada, we recommend that you consult with a legal advisor on local legal regulations regarding cryptocurrencies and related financial instruments, as well as the permissions required to conduct a crypto ATM business in Canada.
CHOOSE YOUR MODEL
FAQ on Bitcoin ATMs business in Canada:
Yes, it is. A Bitcoin teller machines operator in Canada could recoup his investments in 3 to 6 months of business operation. More information on return of investments into crypto ATMs can be found on our profit calculator page.
Bitcoin ATMs in Canada market may go for as low as $5000-6000 and sell as high as $14,500. The amount for a crypto machine depends on the bitcoin ATM manufacturer and features of the hardware. The Bitcovault BTC machine that you can buy in the territory of *the US* is a modern ATM that is flexible and reliable thanks to its robust software. All Bitcovault ATM models with prices and description can be found on our online store page.
Yes, it is. You could earn a monthly $2,000 commission on a $20,000 crypto transactions volume if you choose the right place for your ATM business in the territory of Canada. ATM location is a separate question that is very important for the wealth of your business.