Bitcoin ATM Investment Information
Investing in Bitcoin ATM vs Buying Bitcoin
The advantage to investing in 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.
Return on Investment
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 likely relocate it to a better location.
About EasyBit/DPP LLC and Where we operate.
EasyBit has been around since Dec of 2013. DPP LLC is the operating arm of EasyBit for the USA. DPP LLC is a Delaware corporation which is registered to do business in over a dozen states (everywhere that we operate Bitcoin ATM’s). Our office/headquarters is in Buenos Aires, Argentina at the Buenos Aires Bitcoin Embassy. We currently operate in over 12 countries and are growing daily.
ATMs outside of the USA
EasyBit does have ATMs outside of the USA, however we do not currently allow for investments in operations outside the US.
Can I Invest in a Bitcoin ATM if I am not located in the US?
Yes, we currently offer opportunities to invest in Bitcoin ATMs in the United States. It is possible for people to invest from any country. You can still get involved in profiting in the Bitcoin ATM business by investing in one of our Bitcoin ATM machines and we will find a great business location to place it, within the U.S. We currently have a waiting list of business owners looking to host one of our Bitcoin ATMs at their location.
Investors will receive 33% of the profit of the machine (the net monthly revenue) for the life of the machine. Additional details are outlined in the Investor Agreement.
Can I choose a location for the Bitcoin ATM?
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 hours of operation(12 hrs min.), easy access to location, parking and whether the location is in a crypto friendly area.
What Cryptocurrencies are offered?
The ATMs can offer Bitcoin, Bitcoin Cash, Litecoin and Ethereum.
How are investors paid?
Profits and investor payouts are calculated each month on the first business day of the month. Payments are then made on the 5th. There are two options for payment:
- Bitcoin – Bitcoin will be sent to the investor on the 5th of each month.
- Check – A check will be mailed to the investor on the 5th of each month.
Investors will also receive a statement via email each month showing their total income as well as some other statistics (number of customers, etc).
How long does it take?
We have a long waiting list of locations that want machines, so matching a location to an investor is immediate. Due to manufacturer backlog, machines usually ship 3-4 weeks after the order is placed.
What percentage commission is charged on transactions?
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.
What is the transaction limit?
End users can transact as little as $5 and as much as $9,000 a day using our Bitcoin ATM machines. If there is a request for a higher transaction amount, we require additional information from the end user to verify their probity and integrity. We adhere to strict KYL/AML regulations as a Bitcoin ATM Operator.
Turn Key, hands off solution to those seeking exposure to the crypto industry
EasyBit will manage everything from start to finish. Our investors never even need to visit the machine(s), unless they desire to.
- Armored Truck Services
- Machine maintenance
- Customer Support
More Description on the services we provide:
EasyBit will install and initially setup the ATM so that it’s functional once it’s on-site.
Armored Truck Services
Bitcoin ATMs take in and give out cash to customers, as such they need to be serviced routinely. Through a long term strategic partnership with Garda, EasyBit services its machines using a secure, well known, nationwide armored trucking company.
It is very difficult to get a bank account when operating within the cryptocurrency space. EasyBit has spent a great deal of time and effort in building a strong relationship with our bank so that we can ensure cash logistics are available as we need them to operate the ATMs.
EasyBit will take care of the shipping, tax, paperwork, etc for getting the machine to the location.
EasyBit actively monitors customers using the Bitcoin ATMs in order to prevent money laundering and/or other illicit activities. This is done through a comprehensive compliance program that monitors every transaction. We have a compliance officer and file all appropriate reports to the government. We are registered and in communication with every state we operate in and file all appropriate reports.
Bitcoin ATMs are unlike traditional fiat ATMs in that not every customer has used one before. We get many phone calls each day from new customers who have to be walked through the ATM process, explained how wallets work, etc. These calls can last 20-30 minutes but are essential to on-boarding new customers. We have a support team 7 days a week who handles these calls.
There are a variety of places that people look to find bitcoin ATMs, once your ATM is live we will make sure it is listed on all of these various directories and listing sites so that customers can find the machine and begin using it.
The bitcoin ATM space is growing very rapidly to over 3000 ATMs globally in 2018.
As with any industry there are many efficiencies to an economy of scale within the Bitcoin ATM space. By having many people pool their resources together into one large network we save on the redundancy of all paying the same fixed costs.