Get Your Store Bitcoin-Ready: How to Get a Bitcoin ATM in My Store?

Are you an entrepreneur or business owner looking to capitalize on one of the hottest money trends? Cryptocurrency, and specifically Bitcoin, have seen unprecedented growth in recent years. As a result, more businesses are jumping on board as crypto services become increasingly accessible. One such service that’s growing in popularity is installing a Bitcoin ATM (BATM) in your store. In this post, we’ll try to answer the “how to get a Bitcoin ATM in my store?” question.

What are Bitcoin ATMs?

Bitcoin ATMs (Automated Teller Machines) are physical machines that allow users to buy and sell Bitcoin and other cryptocurrencies using cash or debit cards. These machines are similar to traditional ATMs, but instead of dispensing cash, they exchange Bitcoin for fiat currency and vice versa.

To use a Bitcoin ATM, a user must first create a wallet and obtain a public key or QR code, a unique identifier for a Bitcoin address. Then, visit a Bitcoin ATM and follow the on-screen instructions to complete the transaction. ATMs may require users to provide identification for regulatory compliance purposes, such as a Government-issued ID or selfie. Bitcoin ATMs typically charge a fee for their service. This ranges from 1% to 8% of the transaction amount. While this fee is typically higher than those set by online exchanges, it offers the convenience of buying and selling Bitcoin instantly without needing a bank or online trading account.