Monthly Archives: March 2020

Bitcoin Depot ATM

Bitcoin ATM Questions 2020 Q&A with Adam from BC Systems

In this video, you will hear Adam from BC Systems responding to viewer questions. Below we listed some of the questions and answers for you, so you can check it out easily.

  • Can you do a video about approaching locations for your machines? Also how much money can you keep in your machines both the Bitcoin and cash?

Adam explained how first you will need to approach the business owner of the location, which can sometimes be tricky since they often aren’t available directly on the location. Especially if they own multiple stores. This is if you are doing the groundwork yourself and you don’t want any additional cost.

If you don’t have time to go around looking for locations, there are guys called the “Locators” whose job is to go to different locations and put your machine in various stores. They charge a small fee, usually around 150-300 dollars depending on the location.

As for the amount of money and Bitcoin kept in the machines, Adam explained that it really depends on how your machines are running. You need to monitor them every day to check on the number of transactions and decide the amount of Bitcoin to cover their needs. You also need to monitor the trends, because you definitely don’t want to buy too much Bitcoin when the price is going down, or fluctuating too much.

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Bitcoin ATM Market Dynamics February 2020

February started with a Bitcoin price of $8,915 which experienced a rise approaching the middle of the month where it hit the highest monthly value at $10,166. After, it started to decrease, until the end of the month when it hit the value of $9,417 which is a 5.6% increase when compared to the beginning of the month.

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

Period Start: 6665, Period End: 7004
Opened: 470, Closed: 131, Net Growth: + 339 (5%)

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