How to start your own Gleec ATM business

A Gleec ATM is a Virtual Bitcoin ATM, an ATM teller in form of an App that is specifically designed for buying and selling bitcoin. It allows the costumers to trade Bitcoin and Cash on the spot.

A Bitcoin ATM is hands-down the fastest and most practical way to get BTC. The entire transaction is performed at the app itself, and does not require users to pre-register or create an account elsewhere.

If strategically operated, Gleec ATM is a profitable way for entrepreneurs to earn a comfortable income. And as there is a growing adoption of bitcoin as a currency, it creates the need for more Bitcoin ATMs.

The following topics explain what you need to know to become a Gleec ATM associate:

  • How can I become a Gleec ATM franchisee?

You can start for FREE by downloading the Gleec ATM app, different from most of hardware Bitcoin ATMs where you have to purchase an expensive machine to start.

To offer your clients the complete range of transactions, BUY AND SELL, you need to acquire our Gleec Coin packages.

75% of the price of your Gleec Coin package of choice reverts back to you as Bitcoin, in that way, if you choose the 1000,00€ package you will have 750,00€ in BTC to fund your ATM transactions.

For pricing and information visit Gleec page about the packages or get in touch with one of our team members.

Once you have joined the Gleec ATM network, you have the opportunity of passing your knowledge on to new potential entrepreneurs and be rewarded with benefits.

  • Location

If you already own a brick-n-mortar business you probably would like to operate it at your location. Having a bitcoin ATM might increase traffic to your existing business and make it more profitable. According to the data provided by Bitcoin ATM owners, it can increase sales up to 30%.

If you plan to have your Gleec ATM independent from other business, you’ll have to choose a strategical location. You should take into consideration important factors as traffic volume, availability/accessibility (easy to find, public location), good parking facility, open hours (the longer the better) and others. Daily-life business are good choices, restaurants, bars, malls, convenience stores, and shopping malls are a great place to start.

Here is the list of top 5 bitcoin ATM location types according to the stats collected by CoinATMRadar:

  • Restaurant/Pizzeria 12%
  • Cafe/Coffee Shop/Gelateria — 9%
  • Company Office/Office Building — 7%
  • Shopping Mall — 7%
  • Supermarket/Food Store /Deli — 6%

Your Gleec ATM business is there to serve anyone who may need quick access to Bitcoin.

  • Bank relationships and Compliances

A Bank Account is needed in order to operate a bitcoin ATM alongside with the compliance of the legal requirements of the country where the Gleec ATM will work.

Bitcoin ATM operators need to adjust the limits on deposits and withdrawals according to AML/KYC standards applicable in the jurisdiction where their ATMs are. Considering this, one of the main points to start investigating before becoming a Gleec ATM franchisee is the legal framework for crypto in your country.

  • Volume and Fees

The profits and fees can have a variation according to the logistics, amount of transactions and others. However there are some numbers pattern that we can consider.

The following are average metrics on the market:

  • In order to reach planned volume it takes about 2 months with marketing and advertising of a location. So it is very important to keep machine at the same location.
  • Average normal monthly volume of a bitcoin ATM is about $30K. It may vary, but according to a research made by CoinATMRadar, this figure is quite realistic, which can be used as a basis for forecasts starting month 6.

With Gleec, you can earn a 2,5% commission of your client’s transactions and gain up to 25% commission for your referrals.

To know more about the specific fees and other costs for your Gleec ATM, get in touch with our team.

  • Proper customer support services

Gleec ATM is a service provider to costumers that have quality and safety as priorities. The support given to your costumers is very important to the success of the business.

Also, CoinATMRadar implemented bitcoin ATM voting functionality that allows to track customers’ feedback. As an operator you can place a printed QR with link to your machine listing on their site in order to gather more reviews and monitor status of the machine closely.

To know more about check Gleec ATM


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