Monthly Archives: November 2019

Bitcoin Depot ATM

Bitcoin ATM’s Profits and Cost Breakdown

In this video, you will hear Adam from BC Systems talking about what profits you can expect, as well as the cost options and operating your very own Bitcoin ATM Company.

He divided his presentation into four parts: Location, Cost, Marketing and Fees.

Location

Location is probably the most important part of the planning and operating your Bitcoin ATM Company. Of course, there are different variables when it comes to choosing a location like foot traffic, competition, and potential fees. In his experience shopping malls are the most successful locations for a couple of reasons.

First of all their working hours. They are usually open from 8 A.M. to 9 P.M. and they also tend to work on holidays, so the overall availability of the machines is going to be excellent.

Secondly, shopping malls present a safe place for people. When they go to a public place, where there is a lot of crowd, they feel like they are going somewhere reputable and feel much safer than going to let’s say a liquor store or a smoke shop where there aren’t usually a lot of other people around. This is especially true for guys who are making large transactions, they always want to feel safe and comfortable carrying their money.

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Bitcoin ATM Market Dynamics October 2019

The price of Bitcoin at the beginning of October was $8,361 and experienced small fluctuations until the end of the month when firstly it decreased to $7,453 which was followed by a noticeable increase that resulted in a $9,180 price at the end of the month. This is a 9.8% increase compared to the beginning of October.

The number of new machines continued to grow at a relatively stable rate, following the price of Bitcoin.

Period Start: 5714, Period End: 5876
Opened: 348, Closed: 186, Net Growth: + 162 (2.8%)

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