In the cryptocurrency world, ATMs are becoming increasingly popular. They offer a convenient way to buy and sell digital currencies. They’re also great for getting your hands on cash when you need it. Currently, there are nearly 39,000 crypto ATMs globally. The US leads the pack with over 18,000 ATMs, followed by Canada with just over 5,000.
If you’re thinking about hosting an ATM, you must keep a few things in mind. It includes the benefits of becoming an ATM host and a foolproof plan for qualifying as an operator.
This blog post will address all your ATM hosting concerns.
What Does it Mean to Host a CryptoBase ATM?
To host a CryptoBase ATM means to install the machine in a location where people can easily access it. The host is responsible for ensuring the machine is operational and available to customers.
Hosts can either be individual operators or companies that manage multiple machines. The ATM host may also be responsible for stocking the machine with cash. Or, in this case, cryptocurrency.
What are the Ideal Places to Install a CryptoBase ATM?
The best places to install an ATM are locations with high foot traffic. It ensures that the machine gets plenty of use and generates revenue.
Some of the most popular locations for crypto ATMs include:
- Shopping malls
- Convenience stores
- Gas stations
How to Become a CryptoBase ATM Host?
CryptoBase is a platform for cryptocurrency investment and trading. The company also provides a white-label solution for those who want to start their own crypto ATM business.
To become a CryptoBase ATM host, you must first sign up for a free account. Once you’ve created an account, you can apply to host.
You’ll also need space to install the machine. And, of course, the machine itself.
As for other material requirements, you’ll need a laptop or desktop computer with an internet connection. The device must also have a webcam and microphone so that you can participate in the video KYC process.
What is the Video KYC Process?
The video KYC process is a way of verifying your identity using video technology. It’s a requirement for all ATM hosts.
You will be asked to provide your personal information during the video KYC process. It includes your name, date of birth, address, and phone number. You will also be asked to show your government-issued ID.
Once your identity has been verified, you can proceed with the next steps in becoming a CryptoBase ATM host.
What are the Qualities of a Good ATM Host?
To be a good ATM host, you must be reliable and responsible. You must also be available to answer customer questions and address their concerns.
It’s also vital that you have a basic understanding of how cryptocurrency works. It will come in handy when helping customers use the machine.
Last but not least, you must be trustworthy. It is perhaps the most essential quality, as you will handle large sums of money.
What are the Benefits of Becoming a CryptoBase ATM Host?
When you initiate a business, you want to ensure it’s profitable. So, naturally, the first question you might have is, “Why would I want to host an ATM?” After all, what’s in it for me?
Here are some key benefits of becoming a CryptoBase ATM host.
When you work with CryptoBase, your ATM will be featured on the company’s website. The listing includes your contact information and links to your social media accounts. Like this, your business will get free promotion.
Increased Foot Traffic:
As mentioned earlier, hosting an ATM can increase foot traffic to your business. People will come to use the machine, and while there, they may also make a purchase.
Delivery and Setup:
CryptoBase has a reputation for providing excellent customer service. When you become a host, the company will deliver and install the machine for you. They will also provide training so that you can confidently operate the machine.
If you have any questions or concerns, CryptoBase has a team of customer support representatives who are more than happy to help. You can contact them by phone, email, or live chat.
First Line Maintenance:
As mentioned earlier, maintenance is one of the pillars of being a good ATM host. Luckily, it’s something you don’t have to worry about. CryptoBase will take care of all first-line maintenance for you. Then, all you have to do is keep the machine clean.
Lastly, one of the biggest benefits of being a CryptoBase ATM host is that you’re guaranteed to earn commissions. For every transaction that takes place, you will earn a small percentage. Of course, the amount depends on the type of transaction.
Tips for Writing an Excellent Request for Proposal (RFP)
If you’re planning to host an ATM, the first step is to write an excellent RFP. The RFP is a document CryptoBase will use to determine if they’re a good fit for your business.
Here are some tips for writing an excellent RFP:
Define Your Objectives:
The starting point is to define your objectives. For example, what are you hoping to achieve by hosting an ATM? Do you want to increase foot traffic or generate new leads? Once you know your objectives, you can start writing the RFP.
Do Your Research:
Before you start writing the RFP, it’s essential to do your research. You must have a good understanding of the ATM industry and what your options are. It will help you write a more informed RFP.
Be Clear and Concise:
When writing the RFP, it’s important to be clear and concise. You want to ensure that CryptoBase understands your needs and can provide the services you want.
Include All the Details:
Be sure to include all the details in the RFP. It includes your contact information, budget, timeline, and anything else pertinent to the project.
Review and Revise:
Once you’ve written the RFP, it’s important to review and revise it. Make certain that there are no errors or typos. You also want to ensure that the document is clear and easy to understand.
Hosting an ATM is bound to bring money and customers to any business, small or large. If you’re thinking about becoming a CryptoBase ATM host, follow the tips in this blog post. And most importantly, don’t forget to write a killer RFP.
If you have any questions or want more information, please contact CryptoBase. Their expert team would be more than happy to help.