ATM STARTER

As cryptocurrency becomes a part of everyday life, today’s world demands a simple solution for buying cryptocurrency for cash...

CRYPTOMATICATM STARTER PROGRAM

Entering the Crypto-ATM BUSINESS is simple if you follow basic preparation steps. Our program provides support, foundational information, and solutions for starting a new business with your own Crypto-ATM or Crypto-ATM network.

E BOOK SPECIALLY FOR BEGINNERS


Cryptocurrency Master:

Everything You Need To Know About Cryptocurrency And Blockchain


261 Pages · 1.08 MB 


Business For Future!

The number of Cryptocurrency ATMs is growing exponentially worldwide — from the US and Europe to inflation-stricken Latin American and African countries where many people remain unbanked. By 2023, the global crypto-ATM market is expected to reach $145 million.

Coinatmradar states that an average crytpo-ATM reaches a $30,000 monthly transaction volume. Given that an average buying fee is sitting at 8 percent, it is quite realistic to rake in $2,000 monthly with just one machine.

WHAT IS A CRYPTO ATM?

Crypto ATM machines are not ATM's in the traditional sense and probably use the wording ATM as a neologism

Cryptocurrency kiosks are machines which are connected to the internet, allowing the insertion of cash in exchange for cryptocurrency given as a paper receipt or by moving money to a public key on the blockchain. They look like traditional ATMs, but Bitcoin kiosks do not connect to a bank account and instead connect the user directly to a Bitcoin exchange. 
A Crypto ATM is a specialized piece of equipment that functions similar to a traditional ATM, but with added functionality that makes it function more like a physical exchange. There are multiple types machines, but they are generally broken down as 1 way or 2 way machines. 1 way machines allow for the insertion of cash and withdrawal of Cryptocurrency only. 2 way machines generally function as a full exchange, allowing for conversion of both fiat to cryptocurrency or cryptocurrency to fiat.

PROFIT

Crypto-ATM networks charge transaction fees. These fees can be substantially higher than those charged by cryptocurrency exchanges and even peer-to-peer exchange services. 

The reasons are simple:  
  • An ATM provides clients with quick, easy, and transparent access to cryptocurrency
  • There is no need to search for matching cryptocurrency offers and customize wiring or paying methods. 
  • Simplicity and availability of supply on the spot pays off.
The amount of profit you can generate per share package will depend on factors such as the location, public interest, the level of customer support, the machine’s availability, and whether the cryptocurrency is bullish or bearish in the market.
If you have the funds and you are located in a bitcoin-friendly jurisdiction, a crypto-ATM business is an excellent entrance into the cryptocurrency economy for entrepreneurs who are willing to take risks and, as a result, potentially receive a high monetary payoff. 
However, as with every business, there can be no guarantees.

THE SETUP COSTS

The setup costs for a Crypto-ATM business can vary greatly, depending on what type and how many ATMs you decide to purchase to launch your venture.

Delivery costs, installation costs, taxes, import duties and resources for exchange and cash management also need to be factored into setup costs, as well as potential upfront rental charges for your chosen crypto-ATM location(s).

From our experience we advise a minimum capital amount of $5,500 for setup costs, depending on the ATM model you select!

What are the requirements?

ATM business is a business...your business!

1. Depending on your country, you have to fullfil legal requirements like license etc.

2. You need an exchange account and money on it or an wallet with crypto currencies.

3. You need money to fill up the ATM

Please notice, that CRYPTOMATICATM is not a legal advisor. Legal questions you have to solve with your local attorney.

Frequently Asked Questions

  • Can I get the ATM for free and place it for you?

    No. We do not offer such a service for business beginners

  • Is there a financing or leasing option?

    We do not offer this option to new clients. For existing clients JP Technology offers different financing programs.

  • Do you accept cryptocurrencies for payment?

    Yes. You can purchase our ATMs with cryptocurrencies.

  • Do you administrate the exchange and wallet?

    No. You have to choose an exchange for yourself and to open an account there is a KYC policy. We also have no access to your account details or API keys.

  • How is encashment handled?

    This is your ATM und you are the operator. So encashment is under your control

  • Who will manage all the daily issues?

    You started your business... so it is up to you to handle these points

  • Do I need a legal entity?

    Up to you. We always advise to check the local jurisdiction. But in our experience a better solution is a Sole proprietorship for small business and a Corporation for a bigger business 

  • Do I have to pay tax?

    We always advise to check the local jurisdiction

  • Do I need a license?

    We always advise to check the local jurisdiction

CRYPTOMATICATM IS OFFERING THREE STANDARD TYPES OF ATMS FOR BUSINESS BEGINNERS…

ONE WAY ATM JUNIOR BASIC
$3,100.00

The Junior Basic model is primarily designed to be mounted on a wall. In the event that wall space is unavailable , you may mount the machine on our specially designed Junior Series Stand which can be bolted to the floor for secure installation.

The Junior Basic models are equipped with a high-end banknote validator (also called a bill acceptor) used in many casinos around the world. 

Ready to Use

Your ATM arrives ready to use. Just power it up and connect to internet
All configuration and testing is performed before delivery

Shipment Included

Costs for delivery CPT, packaging and insurance included
TECHNICAL INFO

Professional services

Our team is trained to give you the very best service 24/7

Software

Software is provided and hosted by CRYPTOMATICATM

ONE WAY ATM COBRA BASIC
$2,400.00

The COBRA Series is our most popular model and the ideal choice for starting or expanding your ATM network. The platform contains several innovative features that we have improved upon since its launch in March 2015.  This model allows customers to buy more than 60 cryptocurrencies in a simple and secure way. It is self-contained and can be mounted directly and securely to the floor.

Ready to Use

Your ATM arrives ready to use. Just power it up and connect to internet
All configuration and testing is performed before delivery

Shipment Included

Costs for delivery CPT, packaging and insurance included
TECHNICAL INFO

Professional Services

Our team is trained to give you the very best service 24/7

Software

Software is provided and hosted by CRYPTOMATICATM

TWO WAY ATM COBRA ADVANCE 
$2,998.00

The COBRA ADVANCE is our most popular model and the ideal choice for starting your ATM network. The COBRA ADVANCE is self-contained and can be mounted to the floor for additional security. One of the most notable features is that the COBRA ADVANCE models are bidirectional and can convert both cash to cryptocurrency and cryptocurrency to cash. 

Ready to Use

Your ATM arrives ready to use. Just power it up and connect to internet
All configuration and testing is performed before delivery

Shipment Included

Costs for delivery CPT, packaging and insurance included
TECHNICAL INFO

Professional Services

Our team is trained to give you the very best service 24/7

Software

This is all included and covered by CRYPTOMATICATM and its partners

CRYPTOMATICATM SOFTWARE

The CRYPTOMATICATM software solution combines wide functionality to manage wallets and exchange markets, to make payments, and to provide client statistics and analyses. It produces reports providing data on the functionality and status of the equipment.
Our software backend provides you with detailed information about the wallets created and any operations and transactions performed at the ATM. All client identification data is also retained.

Starting your own Crypto-ATM BUSINESS is simple if you follow basic preparation steps. Here you will find some information for starting a new business with your own Crypto-ATM or Crypto-ATM network.

More information and helpful documents are found in our 
CRYPTOMATICATM BUSINESS CLUB

REVIEW REGULATIONS

You will need to checkout the legal and regulatory situation in the country or state you want to operate your ATM in. The legal framework for operating a cryptocurrency teller machine can differ significantly from jurisdiction to jurisdiction and not complying with laws when it comes to cryptocurrencies is a surefire way to suffer serious legal consequences.

Some helpful info

SECURITY

Establishing a legal business entity such as an LLC prevents you from being personally liable if your ATM Business is sued. There are many business structures to choose from including: Corporations, LLC's, and DBA’s.

OPEN A BANK ACCOUNT

Regardless of whether the crypto-ATMs you will install are one-way or two-way, you will need to handle cash as part of your day-to-day business operations. Therefore, you will need a business bank account at a bank that is willing to provide its services to a cryptocurrency business.

Info

SETUP AN EXCHANGE ACCOUNT AND A HOTWALLET

We support more than 40 exchanges for cryptocurrencies. Deciding on which exchange to use is up to you.  Most of our clients using Bitstamp, Bitfinex and Coinpayments.

EXCHANGE

DEPLOY MACHINE TO LOCATION

If you are the owner of a brick-n-mortar business — this is not a question to consider as you probably would like to place your ATM at your location. Placing a crypto-ATM might increase foot-traffic to your store and this is an additional revenue stream for the shop. According to information from other clients who installed a crypto-ATM, it can increase sales up to 10-30% because of new customers, who come to use a bitcoin ATM.


You need to find a good location for it. Important factors to consider are: traffic volume, availability/accessibility (easy way to find, public location), proximity to transport connection, good parking facility, open hours (the longer the better), business type.


Here is the list of the top 5 crypto-ATM location types according to the stats we've collected on the site:


Restaurant/pizzeria 12%


Cafe/coffee shop/gelateria – 9%


BTC embassy / company office – 7%


Shopping mall – 7%


Supermarket / food store / Deli – 6%


So all are mostly high-traffic businesses, where people go daily.

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