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 look at some of the steps to installing a Bitcoin ATM machine.
The Installation Process
To ensure a proper set-up the first thing you should do is go inside the store and make sure you have plenty of space for the machine. Our bitcoin machines are 22 inches wide however, you will want to have at least 2 extra inches of space to be able to open the machine and leave room for the ventilation system. Once the machine is placed you can open up the machine, remove the wheels and you will see two holes in the machine floor which you can mark these holes with a permanent marker. You can then remove the machine from its current position and begin using a hammer drill with a ¼ inch drill bit to drill in the holes on the floor for the machine. You can then drill on the marked holes as far down as you can. After the holes have been drilled, you can then place the Bitcoin ATM back over the holes and tighten it by using the wedge anchors that come with the machine.
Connecting your Machine to the Internet
There are multiple ways to ensure your machine connects to the internet. The machine’s most common connection is through an ethernet cable located in the back of the machine. You can connect this to a wifi router that is in the store. In some cases, there will be internet plugins next to other ATM machines that you can plug into; however, that is not always the case. What you can do is look for points of sale within the store, that’s where you can always plugin to the internet. You would need to find out where the store is getting their internet from and use a long ethernet cable to then plug your machine into, a 100 ft ethernet cable is recommended. However, the machine does have a built-in wifi system as well if you are unable to connect to the store’s internet.
After you complete hooking up your machine to the internet. It is now time to turn on your machine and make sure the receipt paper is installed. First, simply open up the machine from the center, find the receipt paper slip and remove the plastic retainer piece out from the receipt paper holder. In your spare parts for the machine you will see a roll of receipt paper. You can slide that receipt paper on the post from the top down and place the retaining ring back over the post. All you need to do from here is feed the receipt paper into the printing machine and the printing machine will automatically perform a test print for you.
Perform a Test Purchase
It’s now time to perform a test purchase to ensure that your machine is working properly for customers. When your machine is powered on and you are connected to the internet. To run a test purchase first make sure you have cash and follow this process:
- Select the transaction range in which you will transact (for testing purpose we suggest testing higher range)
- Enter your phone number
- Input code number that was sent to your phone
- Scan photo ID on machine
- Scan your bitcoin wallet address from your phone (make sure you have selected “receive” on your wallet address)
- Insert cash amount
- Confirm purchase
- Take receipt from Bitcoin ATM machine
How to Get Started
Are you currently looking into adding a Bitcoin ATM machine to your current business? https://btmmachines.com/ are Bitcoin ATM operators who help business owners like you that offer hosted solutions for ATM operators who are looking for a more passive income stream. Click on the video below for a more in-depth step by step process of deploying a Bitcoin ATM:
Follow us on Social Media:
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...
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,...
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...