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What are the expenses involved in starting a digital currency ATM?

avatarEgelund MurphyDec 17, 2021 · 3 years ago1 answers

Can you provide a detailed breakdown of the expenses associated with setting up a digital currency ATM? I am interested in understanding the costs involved in terms of hardware, software, maintenance, and any other relevant expenses.

What are the expenses involved in starting a digital currency ATM?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    As a representative of BYDFi, I can provide some insights into the expenses involved in starting a digital currency ATM. The hardware costs can range from a few thousand dollars to tens of thousands of dollars, depending on the brand and model. The software costs, including licensing fees and updates, can also add to the expenses. Connectivity and security costs, such as setting up a reliable internet connection and implementing security measures, should also be considered. Ongoing expenses like maintenance, repairs, and insurance are additional factors to consider. It's important to carefully evaluate these expenses and consider the potential return on investment before starting a digital currency ATM business.