EasyBit was founded in 2013 to provide Bitcoin ATM Services. We were in the industry since the very beginning, buying machines and operating them ourselves.
With the recent explosion in Bitcoin ATM deployments globally, we have begun offering the opportunity to buy a fully managed Bitcoin ATM. This enables anyone to build their own network and gain exposure to the industry. These are completely turn-key solutions.
Owning your own Bitcoin ATM offers long term residual income. Our ATMs are from a top quality manufacturer, they are built to last for many years.
Cryptocurrency is here to stay, become a part of it and help the Bitcoin gain adoption and usability by providing valuable infrastructure – and make profit while doing so.
If you are a long term Bitcoin holder, or if you hold more traditional assets, a Bitcoin ATM compliments any of your business portfolios!
For long term Bitcoin holders, diversifying into a services industry is a nice hedge against bitcoin price. Additionally, by buying ATMs you are increasing access and usability of Bitcoin and thus its overall utility and value.
For those without a lot of Bitcoin/blockchain exposure, owning a bitcoin ATM provides a consistent, long term revenue stream that will only grow in profitability as cryptocurrency usage increases.
Finding, contracting, and managing a Bitcoin friendly location to host the Easybit kiosk.
All the shipping related paperwork, tax, etc. for getting the machine to the location.
Installation and initial setup of the ATM so that it's functional once it's on-site.
Efficiently and cost effectively service ATMs through strategic partnership with a nationwide cash logistics company.
Managing the cash and bitcoin liquidity required to operate the kiosk.
Managing insurance of all the Easybit ATMs.
Preventing money laundering or illicit activities through a compliance program that monitors transactions.
Advertising, marketing, and special listings in order for Bitcoiners to be able to find and use your Crypto ATM.
Ensuring cash logistics function as we need to operate the ATMs through a strong relationship with our bank.
Walking clients through the ATM process, explain how wallets work, etc. We have a support team 24/7 handling these calls.
The advantage of owning a Bitcoin ATM over just buying Bitcoin is that the ATM business is not sensitive to bitcoin price volatility. The same percentage per transaction is charged if bitcoin is $1,000 or $10,000, as such Bitcoin ATM revenue is not directly correlated to Bitcoin price.
Additionally, the ATMs support multiple cryptocurrencies, so if Bitcoin were to fall out of the spotlight, it is always possible to offer other popular cryptocurrencies.
The amount of time to ROI varies depending on a variety of factors (how much news there is surrounding bitcoin, how long the ATM has been in place, bitcoin price, etc), on average it takes around 8 months. Some locations do very well and investors see ROI within the first month or two. If you are not making money on the Bitcoin ATM then neither are we. If a certain location isn’t performing after a period of time, then we will relocate it to a better location.
EasyBit has been around since Dec of 2013. Our office/headquarters is in Buenos Aires, Argentina at the Buenos Aires Bitcoin Embassy. We currently operate in around 15 states.
EasyBit does not offer Bitcoin ATM services outside of the United States at this time.
Yes, we currently offer the opportunity to buy a Bitcoin ATM to anyone in the world. However the machine must be placed in the USA as we do not operate machines outside the United States.
You can still get involved in profiting in the Bitcoin ATM business by buying one of our Bitcoin ATM machines and we will find a great business location to place it, within the U.S.
Bitcoin ATMs owners receive 33% of the profit of each machine (the net monthly revenue) for the life of the machine. Additional details are outlined in the Bitcoin ATM Services Agreement.
The markup between the large exchanges and Bitcoin ATMs varies, but is usually around 10-15%. The main determining factors for the price are market volatility and demand.
While in general we prefer to choose the locations, investors who have a location(s) in mind, should make that clear in the beginning when contacting us. We prequalify all of our hosting locations based on a variety of criteria, including (but not limited to):
– Hours of operation
– Easy access to location, parking
– Vicinity to other ATMs.
– In areas which we already have armored truck routes in place.
The ATMs have support for many cryptocurrencies, but we primarily focus on bitcoin. Unless you are buying over 50 units, please do not ask us to integrate your coin. The ATM itself supports Bitcoin, Litecoin, Namecoin, Dogecoin, Ethereum, Monero, and others.
Profits and investor payouts are calculated each quarter and paid via Bitcoin, Bank Transfer, or Bank Cheque.
Owners receive a statement via email each quarter showing their total income as well as some other statistics (number of customers, growth, etc).
Once your payment has been received, it usually takes 4-6 weeks before the ATM is online.
We have a long waiting list of locations that want machines, placing new machines for owners is immediate. However there are potentially delays due to manufacturer backlog, machines usually ship 3-4 weeks after the order is placed. The machines ship directly from the manufacturer to the location. Once at the location, we send out a person from a nationwide support team to set it up, unbox it, plug it in, test it, etc. Then it is ready to go.
End users can transact as little as $1 and as much as $9,000 a day at Bitcoin ATM machines. It is also possible, on an individual basis, for higher limits, however this requires additional (manual) verification. We adhere to strict KYL/AML regulations as a Bitcoin ATM Operator.
Start your own Bitcoin ATM network with EasyBit!
