FAQ?

How to set up a Bitcoin ATM?

1 Buy Bitcoin ATM from chainbytes.com Choose between Bitcoin ATM models and place the order by adding machines to your Cart and initiating order requests. ... 2 Register AML/KYC requirements, (if in USA) with btmcompliance.com To operate Bitcoin ATM you will need to meet all local regulations. ... 3 Secure a steady supply of Bitcoins

What happens if there are not enough bitcoins in an ATM?

If there are not enough Bitcoins available, the Bitcoin ATM operator will manually refill the lack. There is a certain amount of time the operator needs to hold the Bitcoins before transferring it to the Bitcoin ATM and then to the user. In this case, the risk lies with the market fluctuations.

Which cryptocurrency ATM machines accept cryptocurrencies?

General Bytes machines accept nearly every major fiat currency and 40+ cryptocurrencies are also supported. The General Bytes Batm Three machine with NFC support. Genesis Coin is another popular machine used by a wide range of crypto ATM providers.

What do you need to know before opening a crypto ATM?

Finally, the crypto ATM has to have a decent location where it will see a lot of foot traffic and visitors. You can’t just install a crypto ATM wherever you please as operators usually make deals with local bars or convenience stores so the machine rests in a busy area.