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PMT Forum's MOST POPULAR Discussion Boards => General Questions and Discussions about Money => Topic started by: DmelloMarfi on Sep 16, 2019, 03:32 AM

Title: Has anyone heard of Bitbox (Bitcoin ATM franchise)
Post by: DmelloMarfi on Sep 16, 2019, 03:32 AM
I've been researching what it takes to enter into the crypto ATM business and one of my options is to become a Bitbox franchisee. The main advantage with going this route is that Bitbox would handle all of the compliance associated with operating my fleet of ATMs. In exchange, Bitbox takes 2 percent of total transactional volume as well as a huge markup on the Genesis machines you're required to use. The company has been in business for about 2-3 months, they have 6 franchisees signed up as of last week, but they haven't setup any machines yet.
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Title: Re: Has anyone heard of Bitbox (Bitcoin ATM franchise)
Post by: Jugrel on Oct 18, 2019, 02:38 AM
I have heard of Bitbox, though I've not been confident enough to dig deeper. For you to even think of investing in the cryptocurrency world, it means your appetite for risk is high. That way, I do not see why you should fear risking to work with them. After all, if you don't try, you may never know whether they are worth your money or not
Title: Re: Has anyone heard of Bitbox (Bitcoin ATM franchise)
Post by: Shakalar on Oct 22, 2019, 03:36 AM
That's a very nice and lucrative business that you are venturing into, though it's also true that there are high risks involved. Bitcoin is not very stable yet, and the best you can do for your business is to work with established companies. If Bitbox has just been around for 2-3 months and they haven't even set up machines yet, how sure are you that it isn't scam. On the other hand, if your conscience tells you that it is legit, and you find their terms and conditions consistent and clear, then give them a chance. All businesses were startups at some point