Bitcoin ATMs provide a great way for novice users to convert local currency to BTC and vice versa. However, operating such a Bitcoin ATM can be quite expensive as these devices do not come cheap, and there are maintenance fees to take into account. Plus, owners will have to find a prominent location to host their machine, preferably in a place where there is plenty of foot traffic. BitcoinATMsales keeps an excellent overview of devices that are for sale or have been sold in the past.
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Buying A Bitcoin ATM – New Or Used?
When it comes to purchasing a device that will dispense Bitcoin to consumers in exchange for fiat currency, most people would automatically jump to the manufacturer’s website and buy a brand new model. In theory, this is the most robust approach to setting up one’s Bitcoin ATM, as owners can rest assured the machine is brand new without string attached.
But at the same time, there are plenty of opportunities to purchase a second-hand device. Just because these ATMs are not brand new doesn’t mean they are not in working condition. Sometimes, previous owners are looking to sell their Bitcoin ATM because their original plans for the device did not work out. In fact, some of these machines may have only been used for demo purposes, but are brand new otherwise.
On the BitcoinATMsales website, there is a nice overview of the devices currently for sale, as well as those who have been sold in recent times. It should come as no surprise to anyone that Lamassu devices are being sold more often compared to others, merely because they are the biggest Bitcoin ATM manufacturer in the world today.
Prices for these devices can vary by quite a margin as current listings range from US$5,000 – including shipping – to US$12,500 – excluding shipping. A lot of sales are taking place in the United States and Canada, two regions where there are quite a few Bitcoin ATMs to go around. With increasingly stiff competition on the market, it becomes much harder to run a successful machine as well.
One thing to take into account is how this platform is updated manually, and may not reflect the actual number of Bitcoin ATMs for sale around the world. BitcoinATMsales is an attractive platform for people looking to venture into the world of Bitcoin and digital currency, assuming they have a location for the machine and the necessary licenses [depending on region] to operate such a device.
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