BCASH™
BCASH S.A. operates a proprietary network of Bitcoin ATMs across Greece and parts of Europe, enabling cash-to-crypto transactions for consumers, corporate clients, and franchise partners via in-house hardware and KYC software.
- Company typePrivate
- Founded2017
- HeadquartersAthens, Greece
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What BCASH™ does
BCASH S.A., operating under the BCASH™ brand, is a Greek-licensed Virtual Asset Service Provider that operates a network of proprietary Bitcoin ATMs enabling cash-to-crypto and crypto-to-cash transactions for individual consumers, corporate clients, and franchise partners. Founded in 2017 by Giannis Tsolaridis (who built Greece's first Bitcoin ATM in 2016), the company is headquartered in Athens and has extended its footprint to 12 ATM locations spanning Greece (Athens, Thessaloniki, Larisa, Kalamata, Alexandroupoli) and selected European markets (Poland, the United Kingdom, Bulgaria), with 15 two-way ATMs across the network.
The company assembles its own ATM hardware in two product lines — the Alpha series (1.5mm metal kiosk, 19" IR Touch, Linux-based industrial PC) and the Omega series (2mm metal kiosk, enhanced security components) — each offered in one-way and two-way variants supporting BTC, ETH, LTC, USDC, XRP, TRON, DASH and USDT. A proprietary KYC onboarding platform, BcashID, and a remote management control panel unify customer verification and fleet operations. Compliance is anchored by a VASP registration from the Hellenic Capital Market Commission, GDPR-aligned data handling, KYC/AML/CTF procedures, and an ongoing MiCA licensing effort.
BCASH generates revenue through multiple streams: ATM transaction commissions (7–8% standard retail rate, with significant variation by location; 4% on online cash transactions), corporate transaction services starting from 1% commission, sale of ATM hardware (from €12,000 per unit) to regulated third parties, a turnkey franchise program requiring approximately €29,000 in entry investment per location, and ancillary services including real estate purchase facilitation using cryptocurrency and a merchant 'Accept Coins' offering. Its go-to-market combines direct retail at physical locations, a franchise-driven network expansion model, sales-led corporate engagement, and an online platform (bcash.eu) for remote-initiated cash transactions.
BCASH™ firmographics
Firmographics- Name
- BCASH™
- Legal name
- BCASH S.A.
- Website
- https://bcash.eu
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- BCASH S.A. operates a proprietary network of Bitcoin ATMs across Greece and parts of Europe, enabling cash-to-crypto transactions for consumers, corporate clients, and franchise partners via in-house hardware and KYC software.
- Ownership category
- akta.pro rank
BCASH™ industry classification
Industry- Product category
- Cryptocurrency ATM Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)
- akta.pro secondary industries
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Crypto Payment Gateways & Checkout APIs (FSADAIAA), KYC/KYB Identity Verification & Onboarding (FSADALAA)
Keywords
Where BCASH™ is headquartered
LocationHeadquarters
- HQ city
- Athens
- HQ country
- Greece
- HQ region
- Europe
Offices12 records
Markets served
BCASH™ business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- ATM Transaction Fees: Fees charged on cryptocurrency buy and sell transactions at Bcash ATMs. Standard ATM fees range from 7-8% for buy/sell transactions, with 4% fee for online cash transactions. Commission rates vary by location.
- Corporate Customer Transactions: Transaction fees from business customers requiring cryptocurrency transactions through bank transfers or cash. Commission starts from 1% for corporate transactions.
- Franchise Fees: Initial franchise entry fee of €10,000 plus store construction/setup costs of €7,000. Franchise partners pay for ATM hardware (€12,000) and ongoing franchise royalties.
- ATM Hardware Sales: Sale of Bitcoin ATM machines (Alpha and Omega series) to franchise partners and regulated companies. Alpha II and Omega II priced from €12,000. Delivery in 3-4 months with up to 25% discounts on bulk orders.
- Real Estate Transaction Services: Facilitation of property purchases in Greece using cryptocurrency, with deals closing in euros through legal path managed by Bcash.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Online Cash Transactions |
| Transaction based/ take rate | Pay-as-you-go | ATM Buy/Sell Transactions |
| Transaction based/ take rate | Pay-as-you-go | Corporate Customer Transactions |
| One time/ perpetual license | Multi-year contract | Bcash Franchise Partnership |
| One time/ perpetual license | Multi-year contract | Bitcoin ATM Alpha II (Two-Way) |
| One time/ perpetual license | Multi-year contract | Bitcoin ATM Omega II (Two-Way) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
BCASH™ product offering
Product offeringCore offering
BCASH™ operates a network of physical Bitcoin ATMs across Greece and parts of Europe where consumers and businesses can buy and sell cryptocurrencies (BTC, ETH, LTC, USDC, XRP, TRON, DASH, USDT) using cash (EUR) or SEPA bank transfers. Beyond its own retail network, the company designs, assembles, and sells two-way ATM hardware (Alpha and Omega series) and licenses its in-house BcashID KYC onboarding software to regulated operators. It also runs a franchise program that enables third-party entrepreneurs to deploy Bcash-branded ATMs in exclusive territories, and provides ancillary services including corporate crypto transactions, real estate purchase facilitation using crypto, and merchant coin acceptance.
Product overview
BCASH™ operates a unified portfolio of cryptocurrency ATM products and services. The core offering consists of four Bitcoin ATM models: Alpha I and Alpha II (one-way and two-way respectively), and Omega I and Omega II (one-way and two-way respectively), all featuring integrated KYC onboarding software. Beyond hardware, the company offers a franchise partnership model (€29,000 initial investment) for entrepreneurs to operate crypto ATM locations, a corporate customer service for business cryptocurrency transactions (from 1% commission), real estate purchase services using crypto, and a coin acceptance service for merchants. The ecosystem is unified through the BcashID account system for customer onboarding.
Differentiator
Problem solved
Functional benefit
Brands
- BcashID: Customer onboarding and KYC verification platform
- Thess Cash Hellas
Products and services
- Bitcoin ATM Alpha I
- Bitcoin ATM Alpha II
- Bitcoin ATM Omega I
- Bitcoin ATM Omega II
- Bcash™ Franchise Partnership
- Buy Real Estate with Crypto
- Corporate Customers Service
- Accept Coins
Quantifiable outcome
- 4% transaction fee for online cash transactions
- +3 more outcomes
Companies that use BCASH™
Customer profileSegments4 records
Ideal customer profiles3 records
BCASH™ technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
BCASH™ partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Thess Cash Hellas P.C.coreFranchise partner operating Bcash's crypto ATM network in Northern Greece. Founded by Stefanos Gketsopoulos, Board Member & Customer Success Manager at Bcash S.A. Operates ATM locations in Thessaloniki area including city center, Toumpa, and Mpotsari locations.
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
BCASH™ competitors and assessment
Company assessmentDirect peers
- CoinFlip: One of the largest crypto ATM operators globally with thousands of ATMs across the US and expanding internationally. Directly competes with BCASH in operating two-way Bitcoin ATMs with cash on-ramps for retail customers, and serves the same cash-to-crypto user need BCASH addresses.
- Bitcoin Depot: Major US-headquartered crypto ATM operator (publicly listed via SPAC) with the largest Bitcoin ATM network in North America. Directly comparable business model — two-way crypto ATMs, transaction fees, franchise/operator partnerships — and a potential future entrant into European markets as MiCA matures.
- Athena Bitcoin: International crypto ATM operator with presence in the US, Latin America, and Europe. Operates two-way ATMs targeting retail cash-to-crypto users under similar regulatory and compliance frameworks, making it a direct competitive comparable to BCASH.
- Coinme: US-based crypto ATM operator with thousands of machines and a regulated compliance posture (multiple state licenses). Operates a comparable cash-to-crypto ATM model with embedded KYC and serves the same retail customer profile as BCASH.
- General Bytes: Crypto ATM hardware manufacturer and operator with one of the largest installed bases of BATMs worldwide. Competes with BCASH both as an ATM hardware supplier and as an operator, and its BATMs support the same multi-cryptocurrency cash transactions.
- Coinsource: US-regulated crypto ATM operator with a fully compliant, KYC-driven ATM network. Targets the same retail cash-to-crypto use case as BCASH and has historically emphasized regulatory compliance as a differentiator, similar to BCASH's VASP positioning.
- Lamassu: Crypto ATM manufacturer that both sells hardware to operators and supports open-source-style deployments. Comparable to BCASH on the hardware side (ATM design, multi-crypto support, KYC integration), though Lamassu's business is more hardware-focused.
Regional players
- Bit2Me: Spain-based crypto exchange and ATM operator with strong European presence. Provides crypto on/off-ramps in EUR, operates ATMs across Southern Europe, and represents a Southern-European competitor with broader exchange services beyond BCASH's ATM-centric model.
- Bitomat: Polish crypto ATM operator (one of the largest in Poland) with multi-country Central/Eastern European expansion. Overlaps with BCASH's geographic ambitions — particularly in Poland where BCASH has a Lodz pilot — and competes in the same European cash-to-crypto niche.
Emerging players
- RockItCoin: US-based crypto ATM operator with a growing national footprint. Smaller scale than CoinFlip/Bitcoin Depot but pursues the same two-way crypto ATM business model, making it a comparable benchmark for BCASH's positioning as a regional leader seeking multi-country expansion.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BCASH™ social profiles
Digital presenceBCASH™ compliance and trust
Trust signalCompliance3 records
BCASH™ financial estimates
Financial estimateRevenue estimate
Valuation estimate
BCASH™ leadership team
Management profileNumber of profiles
Profiles4 records
BCASH™ subsidiaries and ownership
Company hierarchySubsidiaries1 record
BCASH™ funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BCASH™ M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BCASH™
What does BCASH™ do?
BCASH™ operates a network of physical Bitcoin ATMs across Greece and parts of Europe where consumers and businesses can buy and sell cryptocurrencies (BTC, ETH, LTC, USDC, XRP, TRON, DASH, USDT) using cash (EUR) or SEPA bank transfers. Beyond its own retail network, the company designs, assembles, and sells two-way ATM hardware (Alpha and Omega series) and licenses its in-house BcashID KYC onboarding software to regulated operators. It also runs a franchise program that enables third-party entrepreneurs to deploy Bcash-branded ATMs in exclusive territories, and provides ancillary services including corporate crypto transactions, real estate purchase facilitation using crypto, and merchant coin acceptance.
Is BCASH™ a public or private company?
BCASH™ is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BCASH™ founded?
BCASH™ was founded in 2017. It employs 1 to 10 people.
Where is BCASH™ based?
BCASH™ is headquartered in Athens, Greece, in the Europe region.
How does BCASH™ make money?
Five revenue lines are on record. ATM Transaction Fees are the primary driver. The others are corporate Customer Transactions, franchise Fees, ATM Hardware Sales and real Estate Transaction Services.
Who are BCASH™'s main competitors?
Direct peers on record are CoinFlip, Bitcoin Depot, Athena Bitcoin, Coinme, General Bytes, Coinsource and Lamassu. Regional players are Bit2Me and Bitomat. RockItCoin is listed as an emerging player.
Does BCASH™ have an API?
No public API is recorded for BCASH™.
What industry is BCASH™ in?
BCASH™'s product category is Cryptocurrency ATM Services. Its primary akta.pro industry code is FSADAIAI, POS, QR & In-Person Acceptance Infrastructure (Crypto), with a secondary code of FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks. Its NAICS code is 522320 and its SIC code is 6200.