How to host a Bitcoin ATM
Bitcoin is more popular than ever. Still, it is estimated that only 17% of Americans own any bitcoin. Due to its ability to provide essential financial services to America's unbanked and underbanked, Bitcoin and other cryptocurrencies are an excellent way to promote financial inclusion. However, to fulfill this goal, it is essential to make Bitcoin as accessible as possible to encourage adoption for those dependent on cash. Enter the Bitcoin ATM.
What is a Bitcoin ATM?
A Bitcoin Automated Teller Machine (ATM) helps people easily and quickly buy and sell cryptocurrency with cash. As more people demand safe and convenient ways to buy bitcoin, Bitcoin ATMs have been popping up worldwide, making cryptocurrency more accessible to people around the globe.
In fact, in the last year, the number of Bitcoin ATM installations in the United States has nearly tripled. Currently, CoinFlip has a network of thousands of Bitcoin ATMs and is installing new machines every day. With hundreds of thousands of satisfied customers, low fees, fast transaction times, and 24/7 on-call customer support, CoinFlip is a leader in the Bitcoin ATM industry.
We are continually looking for new businesses to partner with to host our Bitcoin ATMs and spread cryptocurrency adoption worldwide. Will you be the next CoinFlip ATM host?
Benefits of Hosting a Bitcoin ATM
Bitcoin ATMs are an excellent way for restaurants, convenience stores, gas stations, and other storefronts to generate passive income while providing their community with safe and essential financial services. To be more specific, here are some of the perks of hosting a Bitcoin ATM:
Earn Extra Revenue - We pay you monthly to host our Bitcoin ATMs in your store at no cost to you.
Increased Foot Traffic - Our ATMs will bring more foot traffic to your store! Based on our research, 59% of CoinFlip customers will be new traffic to your store. 86% of CoinFlip users will make a purchase in your store and will spend an average of $25 during their visit. An increase in foot traffic means your customer base will grow, leading to an increase in revenue.
Support Bitcoin Locally - By hosting a CoinFlip Bitcoin ATM, you will be fostering the growth of a currency with no limitations, as well as earning monthly passive income!
Free Marketing - All Bitcoin ATM locations are advertised on the company website. We also list all of our ATM locations on all major search engines and online maps, so if someone near your store searches for one, they’ll come right to you. Plus, CoinFlip loves shouting out our hosting partners on all social media channels.
How to Become a Bitcoin ATM Host
Becoming a Bitcoin ATM host is simple. We handle everything from shipping to customer support to cash collections! All that is required from you is 1.5 square feet of space and an outlet. It's really that simple.
Are you interested in hosting a Bitcoin ATM in your business? Please fill out this form, and one of our account managers will be in touch as soon as possible. For questions, please reach out to our host team directly by email at [email protected] or by phone at 877-429-2765.
A Priceless Addition to Your Community
We get that being a small business owner can be challenging, especially in these difficult times with the COVID-19 pandemic. That's why we are committed to making the Bitcoin ATM hosting program as stress-free as possible.
By hosting a Bitcoin ATM you are offering your community a safe and easy way to buy and sell Bitcoin and other cryptocurrencies from a FinCEN-regulated crypto company. Providing the community with access to Bitcoin and cryptocurrency allows for financial freedom and access to essential financial services that many are unable to obtain from traditional banks.
Learn More About Bitcoin
If you are a total beginner at Bitcoin and cryptocurrency, I highly recommend checking out our Beginner's Guide to Buying Bitcoin. To learn more about Bitcoin, see our post on how it works. If curious about how Bitcoin ATMs are used, we got you covered with these articles: How to Use a Bitcoin ATM and How to Withdraw from a Bitcoin ATM.