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Are Bitcoin ATMs Profitable?
Right now, Bitcoin (BTC) and cryptocurrency adoption is increasing. The total market cap of digital assets hit an all-time high of $2 trillion dollars in 2021. This growth created a demand for new services to help promote the adoption of digital currency. One of...
How Can Bitcoin ATMs Help Your Business?
Looking to get into the next level of being an ATM operator? You may want to consider having Bitcoin ATMs (BTMs) for your business. Getting a BTM can be a good way to increase revenue and offer a unique service to your customers. Basically, Bitcoin ATMs provide an...
The Coffee Blockchain Project
The Coffee Project - El Salvador In the past year, ChainBytes has been working with Lehigh Valley University on a socially responsible project implementing Blockchain technology to solve supply chain issues with coffee bean farming and fair pay for farm workers...
Top 5 Reasons Why You Should Choose a US-based Bitcoin ATM Provider
vFor those entrepreneurs who are just entering the crypto space, it can be difficult to choose a Bitcoin ATM provider that offers the best machines and support for the best price. In this article, we have collected the most important reasons why US-based providers may...
How to get a Bitcoin ATM
Obtaining a Bitcoin ATM for your business might seem difficult at first as there are a lot of details to consider. Our quick five-step guide below will help you find, purchase, and get your machines up and running with ease! Five steps for, “How to get a Bitcoin ATM”:...
ChainBytes now supports GenMega and Coinsource hardware
Software for GenMega & Coinsource Bitcoin ATMs We are happy to announce that our software now supports GenMega (example: Coinsource and other GenMega white-labeled). Companies that in their fleet have and operate GenMega Bitcoin ATM machines will now have...
ChainBytes at BlockChain Land
Blockchain Land 2022 On October 5th-7th the biggest LATAM blockchain conference will take place in Monterrey Mexico. We are honored to present and be a part of the conference. On October 7th at 1pm our CEO Eric Grill will take the stage for a one-hour panel...
Can you buy Bitcoin in Coplay? Are there Bitcoin ATM’s near me?
We are happy to announce that our operator Hippo Kiosks is now operating over 50 Bitcoin ATMs in East Pennsylvania! One of the newest Bitcoin ATM kiosks is now available at Coplay Pennsylvania, located at Coplay Mini Mart, address 29 N 2nd St, Coplay, PA 18037. The...
How to Deploy a Bitcoin ATM
Installing a Bitcoin ATM doesn’t have to be a complex process. Many Bitcoin ATMs can be found in grocery stores, gas stations, food marts, liquor stores and more. The installation of this machine only takes a few minutes and is very easy to set up. Let's take a...
ChainBytes deploys Bitcoin ATM in Mexico’s Senate Building
On April, 27th / Mexico City ChainBytes worked in cooperation with Axolotl Bitcoin and Mexican Senator Indira Kempis to deploy a Bitcoin ATM machine on the floor of the Mexican government Senate (Senado de la Republica) located in Mexico City. This comes after...
Understanding Blockchain Technology
Over the past years you have probably heard the term blockchain thrown around when talking about cryptocurrencies, like Bitcoin. However, a lot of people might still be scratching their heads about what exactly blockchain technology is, how it works, why it’s popular,...
5 Ways Bitcoin ATMs Help Store Owners Improve Their Business
Operating Bitcoin ATMs can help improve your business in many ways. Before jumping into the details, a few important facts about bitcoin, cryptocurrency, and Bitcoin ATMs. In 2021, the overall cryptocurrency market reached valuations of well over $2.5 trillion – with...
Five major benefits of NFTs
An NFT is a Non-Fungible Token which acts as a certificate of authenticity or a “deed” to a digital “collectable”, or other digital assets. Non-fungible means ‘irreplaceable’ since each token is unique. Uniqueness plus authenticity creates scarcity which, in turn,...
How Bitcoin Mining Can Be Green
Bitcoin is fast becoming a precious store of value for millions of people around the world. By design, bitcoin consumes a significant amount of electricity. This energy is consumed as a part of the process required to validate and add transactions to bitcoin’s...
How To Use a Paper Wallet
Right now, adoption of bitcoin and other cryptocurrencies around the world is booming. All transactions in this space require use of a crypto wallet, most of which are available online. However, if you are completely new to bitcoin or using a Bitcoin ATM (BTM) for...
New Bitcoin ATM at Quakertown Gold and Coin
A new Bitcoin ATM kiosk is now available in Quakertown, Pennsylvania, located at the Quakertown Gold and Coin store , address 404 W Broad St, Quakertown, PA 18951. The Bitcoin ATM is located at the front of the store just inside the entrance and is available Monday -...
5 Reasons to Host or Operate Bitcoin ATMs
Around the world, cryptocurrency adoption is booming. As this trend continues, more and more new opportunities are becoming available for people who want to get involved in the space. Hosting or operating Bitcoin ATMs. What is a Bitcoin...
Independent Audits for Money Service Businesses:
If you operate a money service business (MSB), like a Bitcoin ATM fleet, there are certain rules, regulations, and guidelines that your business has to follow based on government regulations. These guidelines include establishing an anti-money laundering (AML) program...
ChainBytes to be the first Bitcoin ATM company to introduce NFTs onto their Network
As a leader in innovation ChainBytes is happy to announce the integration of NTFs on our Bitcoin ATM network. ChainBytes has recently partnered with Museo del Caos to bring their artists NTFs directly to customers worldwide. What is The Museo del Caos? Founded in...
New Bitcoin ATM opens in Scranton, Pennsylvania
A new Bitcoin ATM kiosk is now available in Scranton, Pennsylvania, located at the Valley Supermarket, address 940 Jefferson Ave, Scranton, PA. 18510 The Bitcoin ATM is located at the front of the store to the left of the entrance and is available 7 days a week. The...
How do Bitcoin ATM wallets work?
If you’re thinking about starting a Bitcoin ATM business or wish to purchase a couple ATMs for your store, it’s important to understand the different types of Bitcoin ATM wallets. Hot wallet vs cold wallet? If you’re new to the world of...
Popular Ways to Gift Bitcoin and Cryptocurrency
People often ask if there are any ways to gift Bitcoin and cryptocurrencies as a gift. Below are several popular methods to give the gift of crypto this holiday season. Mobile Services. Companies like Venmo and PayPal have recently added features to their...
Gift Bitcoin this Holiday Season using a Bitcoin ATM!
Gift Bitcoin this holiday season! Send your loved ones a Bitcoin paper wallet loaded with crypto! This is a great way to give Bitcoin to first time holders or to those who already love and use Bitcoin. The BTC can be purchased at a Bitcoin ATM and sent to an address...
New Bitcoin ATM opens in Whitehall, Pennsylvania
A new Bitcoin ATM kiosk is now available at Allentown Pennsylvania, located at Army and Navy store, address 1045 Grape St, Whitehall, PA 18052. The Bitcoin ATM is located near the registers and is available 7 days a week. The kiosk is servicing Whitehall, Allentown,...
How much does a Bitcoin ATM cost?
Bitcoin ATMs are fast becoming one of the most convenient ways to buy and sell Bitcoin and other cryptocurrencies in the U.S. But how much does it really cost to buy and set up a Bitcoin ATM? What is the average Bitcoin ATM price? And how much is too much? Different...
Why 1 BTC = 1 BTC
According to Bitcoin’s founder Satoshi Nakamoto, there are only 21 million Bitcoins (BTC) available to be mined in total. Some of these coins have already been lost due to forgotten passwords or misplaced private keys. But even lost coins remain part of the total...
Bitcoin Smart Contracts
Smart contracts are now bringing benefits to Bitcoin users through enhanced functionalities. This opens the door to new features on the Bitcoin blockchain that are similar to Ethereum's decentralized applications. With blockchain, users can pay one another...
Bitcoin ATM for my business
One of the biggest opportunities in cryptocurrency right now is hosting or operating Bitcoin ATM machines. To get involved, businesses have the choiceto either provide space at their location as hosts or to become Bitcoin ATM operators themselves. Whichever path you...
Cryptocurrency ATM – A Great New Opportunity!
Cryptocurrency, led by Bitcoin, is gaining momentum for further adoption in the finance world. This adoption is offering new opportunities such as Bitcoin ATMs and Cryptocurrency ATMs. A cryptocurrency ATM allows users to trade digital assets for fiat money and vice...
Bitcoin ATM Operators and How To Become One!
Cryptocurrency adoption is booming right now. As this trend continues upwards, new opportunities are available for people to get involved. One of these includes operating a Bitcoin ATM business. The growing demand for bitcoin and...
Careers in Blockchain, Bitcoin, and Crypto
As the interest in cryptocurrency grows, so does the ever expanding cryptocurrency job market. In 2021, crypto and blockchain jobs have grown by 600%. This industry is disrupting the traditional finance industry and creating new jobs within that field. It’s also...
ChainBytes Bitcoin ATM Shot in Armed Robbery
On October 14th an unlikely event took place at a Texaco gas station in Atlanta, Georgia when an armed robber (male) entered the store around 11:45pm. In the midst of the chaos a shot was fired that hit a ChainBytes Bitcoin ATM. The bullet hit and shattered the...
How to start a Bitcoin ATM business
As of 2021, there are 26 thousand Bitcoin ATM’s in the United States. That is more than double the amount we saw in 2020. It’s clear that the Bitcoin ATM industry is booming in America, and it will only grow larger as more people begin to invest in cryptocurrency. ...
How Multisig Changes Trust and Corporate Management
Multisig (Multi-Signature) is a software that provides more security to Bitcoin wallets. Traditionally, only one private key per wallet can authorize the release of Bitcoin. Therefore, this private key can only be used by one account, which is the Bitcoin holder’s...
Bitcoin ATM manufacturer – How to choose the right one!
Bitcoin ATMs (or BTMs) are growing across the United States. As more and more people decide to get into cryptocurrency, manufacturers and BTM operators are working harder than ever to earn your business. But if you’re new to the BTM operator market, how do you decide...
Why Cryptocurrency Jobs are Booming
Why Cryptocurrency Jobs are Booming The cryptocurrency space is booming, leading to more jobs within the digital asset market. Right now, developers and experts, specifically in blockchain technology and decentralized finance or DeFi, are in demand. The current...
Why Bitcoin ATMs are Important to Bitcoin Adoption
The rise of cryptocurrency Over the past five years the cryptocurrency market, led by bitcoin, has made significant strides. Bitcoin’s success in 2017 -- its breakout year -- also made it possible for other altcoins to follow in its footsteps. Growth in the early...
The Easiest Way to Buy and Sell Bitcoin
How Hosting a Bitcoin ATM Will Benefit Your Business Information provided on this blog post is general in nature and does not represent financial advice. One of the easiest ways to buy and sell crypto currencies is by using Bitcoin ATMs. They are similar to the...
Your Bitcoin ATM, Your Bitcoin
Your Bitcoin ATM, Your Bitcoin Bitcoin is proving to be a valuable asset, as such, users must be made aware of the importance of fully holding Bitcoin in their custody. When users purchase and hold Bitcoins on exchanges, they do not actually have custody of it....
How to purchase a Bitcoin ATM
How to purchase a Bitcoin ATM If you’re looking for a way to get your business involved in the crypto market easily, investing in a Bitcoin ATM now might be exactly what you’re looking for. And the best news? This article will tell you not only the benefits of such an...
5 Reasons to Invest in Bitcoin ATMs right now!
5 reasons to invest in Bitcoin ATMs right now! The demand for Bitcoin ATMs is growing at an increasingly fast pace in the United States. According to CoinATMRadar, there are currently more than 21,000 Bitcoin ATMs (or more widely known as BTMs) worldwide - out of...
NFTs, Smart Contracts, and Real Estate: All You Need to Know
NFT (Non-Fungible Tokens) are a type of digital asset that uses tokens to represent ownership on a blockchain. Its most visible use case has been in tokenizing digital art and collectibles. It has emerged from the DeFi (Decentralized Finance) space, with popular...
Bitcoin on an Exchange or in Your Wallet?
Information provided on this blog post is general in nature and does not represent financial or security advice. When it comes to holding your cryptocurrency like Bitcoin, the question is whether to keep it on a digital exchange (e.g. Binance, Gemini) or keep it in...
How Hosting a Bitcoin ATM Will Benefit Your Business
How Hosting a Bitcoin ATM Will Benefit Your Business? Information provided on this blog post is general in nature and does not represent financial advice. One of the easiest ways to buy and sell cryptocurrencies is using Bitcoin ATMs. They are similar to the...
ATMIA Las Vegas: A Bitcoin Turning Point for the ATM Industry
ATMIA Conference shows Bitcoin's growing influence in the ATM industry The latest ATM Industry Association (ATMIA) conference took place in Las Vegas, NV, from June 23 to June 25. Besides the usual attendees and panel discussions on industry trends, the...
Bitcoin ATMs Skyrocket as Crypto Goes Mainstream
Bitcoin ATMs Skyrocket as Crypto Goes Mainstream As cryptocurrency like Bitcoin is gaining wider adoption, the numbers of Bitcoin ATM (BTM) has skyrocketed. According to data (Bitcoin ATM Installation Growth) from Coin ATM Radar, the number of BTM has increased from...
Bitcoin Public Keys And Private Keys
After buying your first Bitcoin, you realize new terms you have never heard before using cryptocurrency. Most new users are already familiar with a digital wallet, but what are “private keys” and “public keys”? Then you realize that these are essential components of...
Why ChainBytes ATMs are the Bitcoin ATMs we Need Right Now
The crypto ATM market is growing at an incredible rate According to market analysis, the global crypto ATM market is valued at 55 million USD in 2020, but it is estimated that by 2026, the value of the entire market could be as high as 220 million USD. By definition,...
How to Make Money in Bitcoin through ATMs
How to make money in Bitcoin through ATMs? The potential of Bitcoin is now known to a pretty significant portion of our country. At least a recent survey found that 46 million Americans have at least one satoshi. That means that 17% of the total adult population in...
ATMIA Las Vegas 2021 Recap
We knew Bitcoin ATMs were buzzing in the US when our team showed up at the ATM Industry Association (ATMIA) Event in Las Vegas because it wasn't just the city making noise; it was Bitcoin. Our "dynamic duo" of a sales team, Keith Smith and Mike Salvi, showed up...
How Bitcoin ATMs Get Bitcoin to the Unbanked
Many people around the world rely on banks to deposit and receive money. When people get their salary, it usually goes straight to their bank account. We take for granted automated salary payments since it is a standard part of life for most people in first-world...
The ChainBytes El Salvador Team in Full Force!
We move fast here at ChainBytes, and the initiative in El Salvador is moving even quicker. So when we said we’d build a team and grow our Bitcoin ATM manufacturing business...we meant it. When we first came to El Salvador, we met with locals, the government, Bitcoin...
We’ve Begun Operations in El Salvador!
We’re excited to announce to our community that we’re building out a LLC in El Salvador, are hiring a team, and exploring options to build El Salvador into the manufacturing hub for the Americas! I’m sure this is no surprise if you’ve been following along our Twitter...
Dogecoin on ChainBytes Bitcoin ATMs
We sent out a letter to all of our operators on the setup of adding cryptocurrencies to all ChainBytes machines, remotely. Now Dogecoin, the meme coin that turned into worldwide fandom, is more accessible to customers all over the US. Our team has some major Dogecoin...
Why Use A Bitcoin ATM?
Author: Vincent Tabora We all use an ATM as a way to get cash when needed the most. Imagine not being able to get a late night snack from a food truck because they don’t accept a credit card. Even worse is when you are in a city abroad and they only accept cash for...
Securing Your Future: Exploring the Wide World of Bitcoin Business Opportunities
Bitcoin has proven itself – despite ups and downs in the market, the cryptocurrency that started it all has shown that it has incredible staying power. It is also increasingly popular with both consumers and businesses. In fact, Bitcoin now forms the foundation of...
How to Start an ATM Business: What Aspiring Entrepreneurs Should Know
Looking for a lucrative business option? While there are many potential choices, from fast-food restaurants to gyms and everything in between, most of them require a significant commitment of time, money, and effort. That leaves little time for you to enjoy your life...
Meet the CHAINBYTES + 2 Way Bitcoin ATM
The ChainBytes team is excited to reveal our latest Bitcoin ATM: meet the CHAINBYTES + 2 Way Bitcoin ATM. A state of the art cryptocurrency ATM designed for easy compliance and fast ROI.
Venezuelan Government Launches State Backed Crypto Remittance Platform
After imposing new tax regulations on incoming remittances, the Venezuelan government launched its own remittance platform. However, the only supported currencies, besides the Venezuelan Bolivar (VES), are Bitcoin and Litecoin. Migrant workers abroad can send...
Canada Revenue Agency Research: Bitcoin ATMs Increase Store Traffic
Canada Revenue Agency Determined that Bitcoin ATMs Increase Store Traffic.
Bitcoin Transactions Reaching All Time Highs
The amount of confirmed Bitcoin transactions have been steadily rising, reaching levels that were only seen during the cryptocurrency craze of late 2017.
Chainbytes 2 Way Bitcoin ATM Installed in the Lehigh Valley Area
The Army & Navy Store, in Whitehall, a suburb of Allentown, Pennsylvania, is now home to a ChainBytes 2 way Bitcoin ATM. The kiosk allows users to instantly buy and sell Bitcoin, or fractions of it, the new form of currency that has the potential to revolutionize commerce and disrupt the payment industry.
Fuel For Startups Episode 14
Our CEO, Eric Grill, was featured as a guest on Propellant Labs Incubator's podcast Fuel For Startups - Episode 14 hosted by Gene Swank where, together with other experts and investors, covered several topics concerning blockchain technology and cryptocurrencies....
Sending Money Abroad? Consider Using a Bitcoin ATM
According to the World Bank remittances hit $613 billion in 2017 and this amount is expected to continue to increase. The costs associated with sending money abroad using traditional method have caused migrant workers and expats to turn to cryptocurrencies to send...
Buy the Perfect Gift Using a Bitcoin ATM
In a twitter poll by Bank of England the majority of voters picked crypto as the preferred method to receive a monetary gift; also, investment bank and asset management firm Piper Jaffray reported on their “Holiday 2018” consumer report that teens rather receive...
Bitcoin First Transaction 10th Anniversary
Ten years ago today, on January 12th, 2009, Satoshi Nakamoto sent Hal Finney 10 bitcoins as a test. It was the first Bitcoin transaction ever made. Today, more than 280,000 transactions per day are processed on the Bitcoin blockchain. Hal Finney was a respected...
Ethereum Constantinople Network Update
The Ethereum community eagerly awaits the much anticipated Constantinople hard fork, or as Vitalik Buterin suggested recently on twitter, “network update”. According to ethereum.org’s blog, the update will implement 5 Ethereum Improvement Proposals (EIPs) to...
First Bitcoin Tweet
Hal Finney was an Engineer who worked in the computer gaming and cyber security industry. He was a Cryptographic Activist and created the first reusable proof of work system before Bitcoin. On January 10, 2009 he posted the very first tweet about Bitcoin. Hal Finney...
Genesis Block 10th Anniversary
On January 3, 2019 the Bitcoin community celebrated the 10th anniversary of the genesis block. 10 years ago, in the middle of a global financial crisis, the first block of the Bitcoin blockchain was mined. Satoshi Nakamoto included in the blockchain a headline from...
Altcoin Support
Altcoin SupportChainBytes ATMs now support altcoins BTC, ETH, LTC, PIVX and Dash. Operators can add more coins. Coin developers and altcoin support teams can now request a listing of new coins. ATM Operators can request additional coin support by submitting a request...
New Bitcoin ATM in California, at the Grass Valley Chevron McKnight Exit
New Location in California. BTM operated by Bayside Company.
3 Reasons Why ATM Operators Should Include Bitcoin ATMs to Their Business
‘Automated Teller Machines’ have been around for over half a century. They allow users to complete transactions automatically
5 Types of Bitcoin Wallets New Users Should Be Familiar with
What is a Bitcoin Wallet? Technically, bitcoins do not have a physical form or are stored in a single location. There are only transactions which are stored on the blockchain.
Watch: The First Bitcoin ATM Transaction Using the Belarusian Ruble
After the Hi-Tech Park Belarus announced “Complete Legal Regulations” for cryptocurrencies, ChainBytes installed the first Bitcoin ATM in Belarus.
How to use a Bitcoin ATM
Bitcoin ATMs Bitcoin, the most popular cryptocurrency in the world, has become a widely accepted payment method. Even though, it has faced some setbacks it continues in the limelight. Moreover, various businesses ranging from small convenience stores to multinational...
Benefits of Hosting Bitcoin ATMs
Information provided on this blog post is general in nature and does not represent financial advice. One of the easiest ways to buy and sell cryptocurrencies is using Bitcoin ATMs. They are similar to the traditional banking ATMs, easy to use and simplify the process...
Bitcoin Divisibility: Satoshis & Units
Bitcoin’s divisibility is one of its many features. People that have never used cryptocurrencies before might think that they are required to purchase a whole Bitcoin to transact with the new form of currency; however, one Bitcoin is divisible into 100 million units and its smallest unit is called a Satoshi.
Bitcoin ATMs: The Future of Cryptocurrencies
What is a Bitcoin ATM? Bitcoin, the world's most notorious cryptocurrency and blockchain technology are disrupting almost every industry around the world. A Bitcoin ATM is a kiosk, similar to the traditional banking automated teller machines, which allow users to...
5 Ways You Can Load Your Bitcoin Wallet
If you’ve signed up for a bitcoin wallet, the next best step is to load it. Although a lot of people now own bitcoin wallets, there are still those who are at loss on how to load their bitcoin wallets while there are also people who only know of just one or two ways....
What is Bitcoin Mining and What Has Changed in the Past Few Years
One of the most common questions about bitcoin is how it’s actually mined. Given its meteoric rise over the years, it’s no wonder why people are extremely curious about origins. So how does bitcoin mining actually work and how has it changed over the past years? In...
Effective and Simple Ways to Secure Your Online Wallet
With the widespread acceptance of bitcoin, it’s no wonder that most retail stores and establishment nowadays accept it as a form of payment. Along with the worldwide adoption of bitcoin came the need for it to be accessible at all times and at any location. This has...
How 24/7 Bitcoin ATMs Added Convenience to People’s Lives
One of the biggest successes of the digital currency industry is bitcoin’s worldwide acceptance as a leading alternative payment system. Both people and business have adopted it and are now using it for all kinds of online and real-world purchases. After having seen...
The Bitcoin Benefit: Why It’s a Convenient Payment Method For Everyone
When you mention cryptocurrency, bitcoin is most likely the first thing that comes to your mind. It’s been no doubt the foremost success story of the industry—rising from just $1 in 2010 and now clocking at $14,753.13 as of January 9, 2018. Now pegged as the world’s...
Why Bitcoin ATMs Give Better Deals Than Exchanges
Ever since the growth of bitcoin, exchanges have sprouted left and right. To date, it’s one of the most popular known ways to buy bitcoin. But what many people don’t know is that there’s a better way to bitcoins that will give you more value. If you’ve known someone...
Advantages of adding Bitcoin ATM to your ATM business
A BTM or a Bitcoin ATM is a machine that allows people to buy or sell Bitcoins with Fiat. The first BTM in the world was installed in a coffee shop in downtown Vancouver, Canada. The United States got its first BTM in 2014 in a cigar bar in New Mexico. BTMs have been...
Steps to start a Bitcoin / Blockchain business
Bitcoin, a product of revolutionary Blockchain technology, was invented by a person or a team under the pseudonym Satoshi Nakamoto. Bitcoin enables peer-to-peer payments without a bank or any central authority to authenticate it. The whole system is governed by code...
