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Bitcoin ATM Franchise. Everything you need to know about it.

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Realizing the ebbs and flows of purchasing a Bitcoin ATM franchise.

  • Bitcoin Craze

Bitcoin ATM Franchise: A number of ways have been deciphered to obtain Bitcoins, with some of the easiest one being participating in online games and receiving Bitcoins as rewards or through Bitcoin Faucets, and most difficult one being mining them individually. The main intention of the cryptocurrency community is to commercialize Bitcoin as much as possible, as it does not fall under the jurisdiction of any government or Centralized authority.  

Availability of Bitcoins and the instantaneous conversions is the need of the day, for it to become as popular as the Fiat currencies. Also, many cryptocurrency exchanges and Bitcoin-related service providers are looking forward to obtaining the Bitcoin ATM franchise due to amounts of profits that can be extracted out of it. The main characteristic feature of Bitcoin ATM is that it has higher transaction fees when compared to the that on any cryptocurrency exchange. Bitcoin ATM proves to be very handy when one needs to get their Bitcoins converted into other currencies. Bitcoin ATM’s at the commercial centers around some prominent cities around of the world will also lead to awareness among the people who are still not aware of it.

 

  • Bitcoin ATM franchise

Bitcoin ATM franchise is a method of obtaining rights from a Bitcoin ATM provider to use their Bitcoin ATM’s along with other services, in order to earn some profits. The functioning of a Bitcoin ATM franchise must adhere to some strict guidelines mentioned in the agreement which is signed by both the franchiser and the franchise while obtaining the franchise. Obtaining a franchise, rather than starting up a new business of our own, is a preferred option, because of the reliability, popularity, and consistency of the franchiser’s services among the people.

Bitcoin ATM franchise providers:

Here is the list of the top Bitcoin ATM Franchise Providers around the world.

1. Aspire Payments

One of the leading hi-tech payment processing, as well as franchise providers, provide Bitcoin ATM franchises across the world. The company even provides assistance in developing business skills if one is not experienced in the field. The organization even doesn’t limit the number of Bitcoin ATM’s that one can purchase from them.

 

2. Genesis Coin

It is one of the leading Bitcoin ATM providers, with 1172 Bitcoin ATM’s installed all over the world. Bitcoin, Litecoin, and Dogecoin are the three cryptocurrencies which are supported, and the ATM’s can undertake two-way transactions between Fiat and cryptocurrencies.

 

3. General Bytes

The Bitcoin ATM provider is well known to have installed 946 Bitcoin ATM’s around the world. Its small 20kg ATM has the potential to support Fiat currencies of 120 countries around the world. Even this ATM provides a provision for buying and selling Bitcoins simultaneously.

 

4. Lamassu

With 378 locations around the world, Delhi is one of the cities in India, possessing the country’s first and only Bitcoin ATM provided by Lamassu. A complete two way Fiat withdrawal is possible through these Bitcoin ATM’s. Their ATM’s, earlier didn’t have a provision for the conversion of Bitcoin into Fiat currency but only were used to purchase Bitcoins but now it’s been upgraded for two-way transactions.

 

  • Perks

The usage of Bitcoin ATM for the transfer of money around the world has been made very simple. The amount of transaction fees that are levied, for the transfer of money from one part of the world to another by a number of Money Transfer service providers, is massive when compared to the Bitcoin ATM’s fees.

The simple and interactive interface is an icing on the cake that the ATM provides. It helps makes even an illiterate to transfer his money in the form of Bitcoins to another part of the world instantly.

The anonymity and privacy provided by the Bitcoin ATM’s are higher when compared to that of Cryptocurrency Exchanges where one might need to register themselves and at the extreme might even need to verify the identity by procedures. Bitcoin ATMs are preferred by the people who give privacy, the first priority.

 

  • Downsides

It is to be kept in mind that the Bitcoin ATM’s would be available for its use only until the business hours, unlike the traditional bank ATM’s which are available 24/7.

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Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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