Trusted by over 1. If you have the funds to launch such a venture and are located in a bitcoin-friendly jurisdiction, a Bitcoin ATM business may be an excellent entrance into the Bitcoin economy for entrepreneurs who are willing to take risks and, as a result, potentially receive a high monetary payoff. The setup costs for a Bitcoin ATM business can vary greatly, depending on what types and how many ATMs you decide to purchase to launch your venture. Find Bitcoin-friendly banking partners Regardless of whether the Bitcoin ATMs you will install are one-way or two-way, you will need to handle cash as part of your day-to-day business operations. However, in most countries, you should be able to find a lender or a mobile-only banking provider that is willing to open an account for you. Do you know how to use a Bitcoin ATM? Features 4 Ways to Buy Bitcoin Anonymously.