How much does it cost to own a bitcoin ATM?
The bitcoin ATM business is a modern and technologically advanced business where you need to buy a terminal that is equipped and compliant with the requirements of the region where you are going to use it - in the United States, you need the ATM to comply with FinCEN and KYC policies.
Below are some costs that you should factor into your business plan if you are looking to start a BTC ATM business.
- Costs of machine and installation - 5699 - 8599 USD if you buy from Bitcovault.
- Bank charges - depends on the Bank.
- Operational costs - maintenance costs and other operational costs such as supplies, payments, branding, and utility costs will also set you back a couple of a hundred dollars.
More information can be found in the article about owning a Bitcoin terminal costs.
Bitcovault - is a solid source of information about Bitcoin ATMs - we have worked in the market of cryptocurrencies for more than 5 years now.