ATM

Lisaro_

Hi thank you for your answer precisely the ATM in Switzerland can be a solution But I don't want a kyc myself

Amber_Sam

Check BTCmap.org out. Find another ATM or ask vendors who accept Bitcoin payments. Also have a look at Vexl app and/or Bitcoin meetups. Even better solution would be driving one hour to Geneva or anywhere in Switzerland and use ATMs there, higher limit for KYC.

mechabased

You can shove it in a Bitcoin ATM and lose like 20% of your money. Also you're on CCTV.

Amazing_Collar1133

Two words: Bitcoin ATM. You'll pay a ton for the spread but you'll get BTC for sure.

Stryker406

Bitcoin ATM’s

Fransisco_xz

The Israel and Iran war struck crypto had and we don't now ATM how further this will develop but considering how Iran is hitting back , this won't end soon which means the prices will either stagnate at the current low or reach a lower dip even (a dippity dip I call). Better buy the next dips but with low portions to manage the volatility and make gains on the long term.

llIIllIIlIl1

Strategies preferred stocks are very hot right now. They didn't even need to hit the ATM for their last purchase.

Imaginary-Finger2898

In what world is BTC ATM harder to trace? Compared to what?

Jolly-Championship31

i actually love these discussions but you kind of went full conspiracy tin foil hatter on the guy.. i hodl btc by the way. so anyway you didn't really do a good job on answering the question he presented. If the power and telecoms are out, the fact is you cannot access your bitcoin. there is no solution but that you must wait for 1, power and 2, internet. when i have people ask me this, i simply say 'yep we're fucked' and have to revert to 'cash' temporarily. example; there was a weather event where i live and the telecom networks were cooked and power was off in hundreds of thousands of homes and business for up to a week.. however, bank cards and cash worked when places had to go 'cash only' temporarily. ATM machines also worked. btc would not.

Secret-Snow-6929

My wild experience with gold and bitcoin being the top leading investment vehicles. It all started while I was in the hospital in 2023 for a few days (recovering from an injury), which gave me a lot of time to think about how I could not blow through my money day trading, which I had done successfully until then. Rinse and repeat. I had to get off that wagon, so I thought, what is the most boring yet stable asset class? If I buy it, I can't trade it, which I have impulsively done so many times, and gold came to mind. Mind you at the time gold was trading at the year low and looking to go further Oct 23, btw should have bought Bitcoin then to at 30k I told my friend to buy bitcoin I promise you it will only go up the goal was to reach 100k which I thought was doable and hear we are do I regret, yes but I make another decision and was to buy in Oct ‘23 at the time when I went to look at it physically I had no idea as to what the expericce was like. I then found a bullion dealer in the Gold District. There are many, too. I just picked one and went with it. Multiple vendors buy and sell gold in the building on the same floor. So I decided to pick randomly this little old asian lady (she is safe and trustworthy), she asked me Can I help you and I said You can. I said I never purchssed gold before and no clue how or what or even the spot for the day (I had a general) I knew wanted to buy some gold so I cant get hand on my money and to create somewhat of a barrier to do so, I thought bullion that's my answer. She kindly said, " Oh, that's wonderful, you’re getting your first piece of gold, I said Yes, it would be I prefaced it by saying I don't want to get ripped off because at this point, I knew very little about it. She said Absolutely, I will help you and guide you to the right things with a gold investment. Unfortunately, she said I don't usually deal with gold; I do with silver and some diamonds. I asked her what the better investment was at the time, gold or silver? She replied well, son. Gold is near its ATH but down a lot in the past few days. She said it's a solid investment, but then she buys as much silver as you can. You know why, because it is severely undervalued, down significantly in the past year, and much lower than gold. The reason to buy now is that silver will recover and go higher. There is a lot more to go with silver than gold. Wow, she was emphatic about silver, I knew something about what she was saying felt right, and boy was she. I said I would like gold, though I know nothing about silver. She said that's ok, I can take you to our neighbor who deals in bullion. I said Are they honest people and she replied Yes, and fair. Ok, we went to a gold booth, and she introduced me to a lady and said this gentleman would like to buy some gold. I said that I know nothing about how to buy it, and if you could guide me through the process, she started. It all happened so fast and was like a blur, but before you knew it, I was handing over stacks of money (which at the time was a lot for me). It felt surreal to be parting with it to buy beautiful shiny bars and collectors' coins. Well, I did. I thanked them and left, but I have no idea where the price will go if it goes up or continues to drop. I told myself, You're not touching this, and let it sit. Stay put, period. It was no small amount, and I was highly nervous about transporting it. Luckily, I have it in a safety deposit box at the bank, which was another barrier for me to get it and start trading (gambling) with it. So it sat and I watched the price bumble around for a bit and learned as much as I could about the precious metal, seeing I had a small fortune of this stuff. And so it started to grow and get higher, hitting ATM highs. I remember watching YouTube videos on gold and dealers. I remember specifically what this one very successful and seasoned dealer said gold was $2300 ATH at the time he said if gold hits $2500 which he was skeptical but knew it possibly could be said I am going to sell half of all my holdings $2500 is a significant number and gold struggled for years around 1600-to break 2,000 it finally did so that never left my mind. Still, I watched in amazement as it continued to go higher and higher, hitting ATH each time, which amazed me, yet assured with what is occurring with the underlying fundamentals, the price was justified. The great thing about gold is that it is not violently volatile like Bitcoin can be, so it provided an investment I could watch grow without throwing up at a 10-40 % drop. Something to consider when you're looking to invest. This brings me to where I am today and the price of gold. I still believe gold is going higher, albeit slower, and not as a percentage, which is significantly higher than today's prices. I am targeting gold at 3k by 2026. I feel the time is right to pull my 48% gain out and reallocate it to another undervalued investment class. I think that it is most prudent to capture more gains. If you hold onto some precious or non-precious assets, such as Gold and Bitcoin, we are entering a whole new era where old and new asset classes will be turned on their heads. Gold and Bitcoin lead to the next chapter of reallocating investment classes. Thank you for hearing about my journey. I hope it helps anyone not considering holding, and I mean it with conviction. I want your advice on where I should invest the reallocated profits into a new investment vehicle, and what you think I should rotate into next as I continue exploring my investing journey.

Big-Finding2976

Problem with SPX is the MC is already quite high at $1.5bn. Great if you bought a year ago and you're up 195x but people buying now aren't going to see those sort of gains, so it's better to look for something that hasn't mooned yet, like PEP which has a MC of $20m ATM, giving you 50x if it reaches $1bn.

According_Tax7036

Xrp would like a word with you. 50 grand deep at 0.40-0.50 cent range. Valued at 240k ATM . Peak xrp 3.40 would have been worth 340k.still way up from my initial 50 grand 

Antonio_928s4

How much do you think Bitcoin will be worth in 20 years? I “only” have .031 Bitcoin. I remember I was visiting my family in N Vancouver back in 2011, and I saw an ATM selling Bitcoin, but my then girlfriend didn’t allow me to “waste” $100 on it. Well, she is not my girlfriend anymore neither…

MichaelAischmann

I'm currently in Kenya & have been to some slums. No shop has a card machine. The population often lacks simple things like a birth certificate or ID, which are required to open a bank account. And who would set up an ATM im a slum? That thing will be gone before anyone can enter their pin. M-PESA, often considered the most influential mobile money system and one of the first, hasn't evolved much since 2007. Depending on the amount, transfers to another person can cost up to a dollar. Withdrawals cost up to $2.5. It also has transaction & max holding limits. For crypto, all you need is a phone & everyone has that, even in slums. Most people of course us the local currency but trusting its longevity in one of the most corrupt countries in the world is another thing entirely. All that goes to say that I can understand how crypto can a good option for the people there.

deeplevitation

SMLR could easily get to 8K BTC this year under their remaining ATM program

GeneralZex

The number of exchanges in the past I have seen that advertised no-KYC then switch after a trade or a couple trades makes it a risk not worth taking in my opinion. You could try looking for a no-KYC Bitcoin ATM with a PayPal debit card but the same risk applies. The only real option (mind you I don’t know if there are PayPal trades) is Bisq.

Zombie4141

There’s a couple ways. First off, if you purchase bitcoin from most exchanges, you are giving your personal data, including a deposit from your bank, in return you are receiving bitcoin in a traceable address. Even if you send that bitcoin to other random addresses, it will be traceable. When you go to sell in another country to sell, you will typically sell it on an exchange and have that exchange send your bank account that money. The govt can easily see your earnings. But let’s say you go to an ATM and get cash, or you just lived off bitcoin in another country. That would be harder for them to track. If you were traveling back to your country, holding onto a large quantity of cash there is a really good chance you get pulled aside and questioned. So getting that money back into America might be hard. I’ve always just payed my 15% and sleep well.

midachavi

Crypto ATM to Cash then cash to bank Usually they charge big fees but in most of EU you can withdraw up to 1000 eur before needing to KYC. If possible when depositing to bank, deposit a different amount than withdrawn. If the amount is greater than the amount withdrawn it's better. You can try Bisq or Retoswap for a P2P exchange or cash in person transaction. It is basically a marketplace. So you make an offer to sell USDT for zloty in Warsawa region for example and if anybody is interested they accept the offer. Usually this should be cheaper. Than ATMs. Or try to support circular economy, but USDT is quite a bad choice for that...

baconator1988

Go to an ATM or bank and cash a bitcoin in for $100,000. Then I'll believe you.

Express_Smile6163

Edging us real hard ATM

urbangoose

I just do everything BTC-related for them. They don't even like using bank ATM and rather talk to a person/bank teller. Self-custody is a tall order.. so, I'm their bank/BTC-teller..

Hfksnfgitndskfjridnf

They think MSTR will continue generating BTC yield. They haven’t done the math though. In 2024 MSTR bought 257k Bitcoin. MSTR generated a 74% BtC yield. So far in 2025 MSTR has bought 136k Bitcoin, more than half of their 2024 purchases. So the BTC yield is more than 37% right? Nope, it’s 17%. The more BTC MSTR buys the harder it is to get additional yield. Buying 100k BTC gets them less than 10% yield now. This is why they are slowing down on common stock ATM and issuing more preferred stock. The preferred stock gives them higher current BTC yield. But the preferreds carry a 10% dividend, in perpetuity, so while current BTC yield is higher, it will give them negative BTC yield in the future. I originally thought 2026 would be the last year MSTR generated double digit BTC yield. Now, because they are stepping up their preferred offerings, I think 2026 will be the last year they get positive BTC yield period. 2026 will show big capital raises with little impact on yield, this will cause the stock multiple to crater towards 1, or maybe even sub 1. A multiple that low means they can’t issue common shares accretively. And not being able to issue common stock will tank the price of the preferreds as well, making them yield more and being unattractive to issue. This means MSTR won’t be in a position to raise more capital to buy more Bitcoin.

juanly_xx

Todos los ATM cryoto tienen KYC desde el 1 de enero

Outrageous_Play5143

See if there is BTC ATM’s in your country

Bakkus1987

Bitcoin ATM's with cash. Premium might be steep though.

LonelyNegotiation991

Certainly a solar powered, Starlink connected, ATM could work almost anywhere. Maybe a charitable partnership involving those three industries would allow a dissemination of access points all throughout the world

NoEngine5967

I am doing the same. My main income comes from algo trading. I'm at a place in Asia where I have my person of trust that exchanges me crypto for cash at spot, do everything with cash and in some occasions I use my ATM card (based on crypto) for online purchases etc .Practically off the grid.

critiqueextension

Romania's postal service has partnered with cryptocurrency providers to install Bitcoin ATMs in multiple locations, including Tulcea, as part of a broader digitalization effort. This initiative aligns with Romania's push to modernize public services and increase crypto accessibility, with plans to expand to other cities. For further information, you can refer to the sources: [Cointelegraph](https://cointelegraph.com/news/romania-post-service-install-first-bitcoin-atm) and [Cryptonomist](https://en.cryptonomist.ch/2025/06/06/bitcoin-atm-in-romania-the-national-post-embraces-the-digital-future/). * [Romania's postal service installs first Bitcoin ATM - Cointelegraph](https://cointelegraph.com/news/romania-post-service-install-first-bitcoin-atm) * [Romania's postal service installs first Bitcoin ATM - TradingView](https://www.tradingview.com/news/cointelegraph:b253f6d11094b:0-romania-s-postal-service-installs-first-bitcoin-atm/) * [Romania's Poșta Română Launches First Bitcoin ATM in Tulcea](https://www.ainvest.com/news/romania-po-ta-rom-launches-bitcoin-atm-tulcea-2506/) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)

NiagaraBTC

I'm going to say I doubt that there is only a 4.5% premium at an ATM. Normally they are over 15%. The "commission" or fee might be only 4.5% but that will be *on top* of an inflated price.

hitma-n

When using credit cards to purchase directly from exchange, keep in mind about your bank’s policy. Some banks consider buying crypto in exchanges using credit cards similar to cashing out from an ATM, which comes with hefty interest. A debit card could be used alternatively. If you’re outside the US, P2P is cheaper than a debit card payment in Binance due to spread.

stanley_fatmax

Check Bisq for market non-KYC rates. And while you're there, you may just use that instead of the ATM.

Kooky-Sense4165

Exactly, over 95% of so-called Bitcoiners have never used an ATM. The point isn’t that everyone needs an ATM, it’s that many in Africa don’t have reliable internet or banking access to buy Bitcoin from a PC. ATMs are just one practical way to expand real, on-the-ground access where infrastructure is limited.

Terhonator

The real solution is reliable online banking, not ATM machine. I am bitcoiner and I havent EVER used ATM machine. I buy bitcoin using my PC.

Terhonator

We dont need stupid ATM machines - we need reliable internet and computers.

pinktrending

Bro wtf are you on about? Africa doesn't even have enough food to feed its people and you're having a tantrum over ATM's. What are you doing to help Africa?

Kooky-Sense4165

So unless Satoshi himself comes out of hiding and installs a Bitcoin ATM in Africa this subreddit the self-declared Bitcoin community can’t talk about it? This is the Bitcoin community. The narratives formed here shape where attention capital and infrastructure go. Acting like it’s out of our hands is exactly why Africa keeps getting overlooked. And let’s be real there’s more real-world demand for Bitcoin in Africa than in the US. If Bitcoin is for everyone we should act like it.

Halo22B

So you consider an ATM as infrastructure and you seem to prioritize them over more typical infrastructure like running potable water, power, internet, roads bridges etc....do you think your connection to ATMs as your metier is warping your sense of logical reality?

Charming-Designer944

If is not really an ATM in the normal sense. More A crypto kiosk. Those machines allows you to buy cryoto with a credit card or cash. You input your credit card, wallet address (scan qr from your phone) and they charge your credit card for the requested amount of crypto + significant service fee (5-25%). Some also allow payment by cash. ATM that allow sale of btc formcash are very very rare. If you have some business that generates cash that you want to easily convert to crypto then using ATM might be for you.

oki_sauce

I wouldn't use a BTC ATM if you can help it. They charge you insane fees. Do not ever enter your phrases into anything unless you're using a TRUSTED WALLET. You send your bitcoin and receive your bitcoin with a wallet address.

142NonillionKelvins

Is the idea the user would have some sort of account thought the ATM service? Because that sounds like it could be the type of thing where the “service” gets “hacked” and people find out they never really owned anything.

Kooky-Sense4165

Good question. The ATM itself is connected to the internet, so the user doesn’t need to be. They just bring cash and a Bitcoin address, whether it’s from a paper wallet, hardware wallet, or mobile wallet. The ATM sends the Bitcoin directly to that address and confirms the transaction on-chain.

critiqueextension

Romania's postal service has installed its first Bitcoin ATM in Tulcea, marking a significant step in digital finance adoption within public institutions, and plans to expand with additional ATMs in other cities. This initiative aligns with broader efforts to modernize postal services and promote cryptocurrency access in Romania. * [Romania's postal service installs first Bitcoin ATM - TradingView](https://www.tradingview.com/news/cointelegraph:b253f6d11094b:0-romania-s-postal-service-installs-first-bitcoin-atm/) * [Romania's Postal Service Quietly Launches First Bitcoin ATM in ...](https://coincentral.com/romanias-postal-service-quietly-launches-first-bitcoin-atm-in-tulcea/) * [Romania Installs Its First Bitcoin ATM From Snail Mail to Satoshi](https://medium.com/@coingentech/romania-installs-its-first-bitcoin-atm-from-snail-mail-to-satoshi-98103a70093e) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)

coinfeeds-bot

tldr; Romania's national postal service, Poșta Română, has installed its first Bitcoin ATM in Tulcea as part of a pilot program with Bitcoin Romania. The initiative aims to modernize services and expand cryptocurrency access, with plans to install four more ATMs in other cities. This move reflects growing acceptance of digital assets and supports crypto adoption among Romania's population, which includes over 600,000 investors. It aligns with broader European trends in cryptocurrency infrastructure development. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Spacetravller2060

I'm from Asia You don't need ATM, Today I recieved my pay in BTC and converted it to FIAT to pay bills. Btw, used P2P service of Hodlhodl (trusted and fast) But transaction takes min 1hr 0.5 is enough to live peacefully and enjoy multiple destination with cash in hand and BTC in wallet. Btw, which country you're interested in?

MrSchmeh

DONT GO TO CRYPTO ATM IF YOU DONT WANT PPL TO KNOW YOU HAVE A BUNCH OF CRYPTO. you dont want people to know you have a bunch of crypto when you're traveling.

Agreeable-Swim-9162

It’s not about ethnicities. It’s about culture. Western European jails are full of dual passport Moroccans. For some reason the Moroccan youth in Europe idolizes criminals that get rich quick through drug dealing, coke smuggling, bombing ATM’s, and home invasions. Crypto kidnappings are part of the same pattern, that’s why noone is surprised.

New_Car2574

That's not how it works. An ATM wants a card attached to an account that you own and have (taxable) records of. An exchange *will* charge a heavy transaction fee for… taxes!! What’s more important? Doing it safely or avoiding the few however many dollars in taxes, per withdrawal? If you're not ready for the reality of an underground economy with exclusively private (and possibly dangerous) transactors, be a normal normie and exchange it, legitimately. It’s not a big adventure, it’s simply handling money.

HovercraftWild478

Depends on what bank you’re using. Some places still won’t touch money coming from a crypto exchange. But yeah, I’ve heard some cards will do the job if you want to withdraw from an ATM or pos payments.

Charming-Designer944

Have not seen ATMs where you can withdraw cash for btc. Only the other way around. But there is visa/mastercard connected debit cards connected to BTC balance. Usable both in card payments and ATM withdrawal. But more beneficial to use them for payment than cash withdrawal. And neither option is without KyC.

MarkoDavido

I'd be worried about being robbed. Would only want to cash in on an ATM or exchange

Substantial-Fox6317

That is why they use intelligent leverage. MSTR aims for around 15%-20% debt iirc. Issue convertible bonds to buy BTC -> increases debt leverage Issue common stock ATM to buy BTC -> decreases debt leverage Along with other innovative financial instruments that sit elsewhere on the risk curve, such as perpetual preferred stock among others (STRK, STRF, STRD) which can also be ATM indefinitely. In short these companies have plenty of levers to control their debt levels. In the case of MSTR, BTC would need to drop to around 20k before they will start sweating. Also. regarding the convertible bonds, this debt is unsecured meaning it is not backed by the treasury asset (BTC).

coinfeeds-bot

tldr; The Australian government has imposed a $5,000 cash withdrawal limit on crypto ATMs to combat scams and fraud. AUSTRAC flagged concerning trends in digital asset ATM compliance, particularly among users aged 60-70, who accounted for 29% of transactions by value and are often victims of scams. Australia now has over 1,800 crypto ATMs, with nearly 150,000 annual transactions, mostly cash deposits for cryptocurrencies like Bitcoin, Ethereum, and USDT. One operator's registration was not renewed due to compliance issues. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

bcrock02

I've used them. I've seen them all over including CVS and Costco. It's literally just the normal ATM. Pretty cool.

FunCarob7239

I don't even understand the legit use case for a crypto ATM. Only scamming.

Efficient_Culture569

I always wondered who actually sells BTC ATM ... Found out that people do for buying random stuff

GeneralZex

Their ATMs are in a regular stores. I suspect they do KYC because of that and like all ATM operators they likely charge substantial premiums over exchanges. So you pay more nothing.

pop-1988

The 5k limit doesn't help. Bank ATMs usually don't allow withdrawals more than $2k per day. Most of these "This is the tax man, you owe money, pay us $2400 right now and we won't prosecute. There's a Bitcoin ATM right near you" are scamming amounts under $5k

pop-1988

The AUSTRAC pres release didn't mention any scam, it only says crypto ATMS are used for scams. That's not new. It might be new to AUSTRAC, but it has been happening for years A couple of example of scams: * scammer claims to be the tax office demanding immediate payment to avoid criminal charges, coaches the victim to withdraw cash from a bank ATM and insert the cash into a Bitcoin "ATM", to send Bitcoin to the scammer's Bitcoin address * also common in Australia, scammer calls foreign students, pretends to be Immigration department, demands immediate payment to avoid deportation > placed a number of conditions on crypto ATM operators, including a $5,000 limit on cash deposits and withdrawals This is useless. Most of the scam payments utilizing Bitcoin ATMs are smaller than $5000 per payment. Most consumer bank accounts have a $1000 or $2000 daily limit on cash withdrawals Larger scam amounts (eg fake investment schemes) do not utilize cash banknotes

ThereIsNoGovernance

Horse shit. If the ATM is not transacting via the terms of usage, than it is potentially a scam. But if it is doing precisely what it specifies, than it is merely a transaction gateway into the cryptoverse. If there is a record of scam transactions at these machines, than the providers of these machines should be prosecuted accordingly. But this article presents no such evidence and merely suggests that the older demographic is getting scammed. How are they getting scammed? You provide nothing to the reader to suggest that there is a problem here. Hence, you sir, have now labelled yourself as a scammer. And yes, the gov't and their buddies in the banking system are already known to be the greatest scammers ever. I recommend this video for your consideration: [Exposing shocking tactics of Australia's ruthless big banks | 60 Minutes Australia](https://www.youtube.com/watch?v=2w6q9WLZbzI)

Upvotelution

It was even funnier on his Livestream. I don't watch him but the clip was doing the rounds, he's a laughing stock ATM but somehow still has followers that believe he's a martyr that has defeated a cabal lol Dude was almost in tears, repeating 'this can't be happening' and 'I'm introuble', talking about phoning his mum Real downfall, so many tried warning him but he couldn't accept the L and kept doubling down on long positions at local highs or reversing into shorts after dumps. Clueless trader with too much capital and irresponsibly provided leverage he shouldn't have had. HyperLiquid are notoriously a little shady

Neuron_Upheaval

My 75-year-old mom cannot even right click stuff on her Mahjong app and her age peers are the richest relatively to younger generations. How long do you think it will take for mass adoption of Bitcoin? It isn't as easy as going to the bank and withdrawing money at some ATM yet, but it will eventually.

StackingSats1300

MSTR is leveraged at about 19% currently. This means he owns 5x the amount of capital that he's borrowed. All of his recent buys have been through ATM. This means he sold stock not borrowed money. When he does borrow, he's historically done it with a 5 year horizon and no coupon, meaning he doesn't owe it for 5 years and pays no interest on the loan. And, if MSTR hits the agreed on price he pays nothing back other than stock, which costs Saylor nothing to make. You are misunderstanding the asset and moat that MSTR has built. If you dig in and learn more, that will help you not share FUD like the above comment.

Old_Fishing3271

I was watching a YouTube video by a channel called tested. They guy bought Bitcoin on a Bitcoin ATM for $600.

CrimsonFox99

There's no level of desperation that would ever make me get near a crypto ATM.

PoisonWaffle3

I have a friend who got into the Bitcoin ATM business a while back because he believed in the tech and wanted to help make it more accessible to the masses. He had about a dozen Bitcoin ATMs throughout the city at one point. He kept his fees low/reasonable and had prompts warning about potential scams. He quickly realized that none of that mattered, and that people were still getting scammed through his machines. He found that there wasn't really anything he could do aside from the warning prompts. He had no authority to reverse the transactions or to actually help the people, and it was frustrating. He ended up selling his network of ATMs a few years ago, and the new owner doesn't care. There are no more scam warnings, and when I checked one this week the going rate was .001 BTC for $148 USD, aka 1 BTC for $148k (a 42% markup), plus a transaction fee.

Leading_Wafer9552

...continued: **My conclusion:** This isn't a problem with the ATMs. This is a people problem, with people being moronic and being easily manipulated into doing nonsense things. This type of problem was already happening with gift cards, where people were dumb enough to be tricked into buying gift cards and giving away the card data to the scammers thinking '*this is how officials want to be paid...nothing odd about this request'*. There was even a commercial made about it to warn the stupid people who would fall for these nonsense scams: [youtube.com/watch?v=5EsQQEnxDsYThis](http://youtube.com/watch?v=5EsQQEnxDsYThis) ...where are all the gift card bills being proposed...? None of the proposed fixes actually prevent stupid people from doing stupid things, but instead creates more restrictions limiting users ability to transact as needed. The requirement of refunding users who claim to have been scammed will just enable people to make fraudulent claims of being scammed, where they could easily just send money to one of their own wallets, falsely claim to have been scammed, and then the bitcoin ATM would have to pay them the same amount....easily exploitable, and will cause ATM companies to eventually shutdown being unable to continuously pay these fraudulent claims. To those of you claiming "the ATM's are scams because they transact above market rate"...that's called a convenience fee. That's like complaining the 7/11 charges $3 for a 20oz bottle of soda when you could instead go to a Walmart and get the same product for $1. People willing to pay a markup of a product for convenience isn't "a scam", that's called the free-market. People are free to choose where to shop and how much they are willing to pay for goods and services. If you don't like how much someone charges, then find another retailer who offers you a better price and support them by spending your money there.

Leading_Wafer9552

...continued: **My conclusion:** This isn't a problem with the ATMs. This is a people problem, with people being moronic and being easily manipulated into doing nonsense things. This type of problem was already happening with gift cards, where people were dumb enough to be tricked into buying gift cards and giving away the card data to the scammers thinking '*this is how officials want to be paid...nothing odd about this request'*. There was even a commercial made about it to warn the stupid people who would fall for these nonsense scams: [youtube.com/watch?v=5EsQQEnxDsYThis](http://youtube.com/watch?v=5EsQQEnxDsYThis) ...where are all the gift card bills being proposed...? None of the proposed fixes actually prevent stupid people from doing stupid things, but instead creates more restrictions limiting users ability to transact as needed. The requirement of refunding users who claim to have been scammed will just enable people to make fraudulent claims of being scammed, where they could easily just send money to one of their own wallets, falsely claim to have been scammed, and then the bitcoin ATM would have to pay them the same amount....easily exploitable, and will cause ATM companies to eventually shutdown being unable to continuously pay these fraudulent claims. To those of you claiming "the ATM's are scams because they transact above market rate"...that's called a convenience fee. That's like complaining the 7/11 charges $3 for a 20oz bottle of soda when you could instead go to a Walmart and get the same product for $1. People willing to pay a markup of a product for convenience isn't "a scam", that's called the free-market. People choose where to shop and how much they are willing to pay for goods and services. If you don't like how much someone charges, then find another retailer who offers you a better price and support them by spending you money there.

Leading_Wafer9552

**The actual problem: people are stupid and easily tricked into giving away funds.** Example mentioned in the article: *"Most of the scams using Bitcoin ATMs involve imposter scams where the scammer poses either as a law enforcement officer, government official or someone providing tech support for a non-existent problem. What all these imposter scams have in common is that they scare the targeted victim with a story about an emergency that requires them to take cash from their bank account and use a QR code provided by the scammer to deposit the money into the account of the scammer at a Bitcoin ATM under the guise of protecting the funds."* **The proposed solution to the stupidity problem:** *"Arizona state representative David Marshall has filed House Bill 2387. If passed into law, the bill would:* *1. require warnings on the ATMs before the user could do a transaction. The warnings would also provide information about cryptocurrency scams.* *2. require the ATMs to provide printed receipts that would include information useful to law enforcement in the event of a scam.* *3. limit the amount of funds someone could deposit into a new account or send in a 72 hour period.* *4. require greater transparency in the operation of the ATMs* **(...whatever that actually means?)** *The bill passed unanimously out of committee and is presently awaiting further action in the state Senate.* *On the federal level, the bill, entitled the Crypto ATM Fraud Prevention Act would:* *1. prevent new users of the cryptocurrency ATMs from spending more than $2,000 in a single day or $10,000 over a two-week period to purchase cryptocurrency at Bitcoin ATMS.* *2. require Bitcoin ATM companies to speak directly with new customers attempting to perform transactions of more than $500 and require full refunds when those customers file police reports and alert companies operating Bitcoin ATMs within 30 days of their transactions.* *3. require operators of Bitcoin ATMs to provide receipts for each transaction, including information sufficient to trace the transaction. Such receipts would also be required to include contact information for relevant law enforcement."*

IdiocracyToday

The only reason for these ATMs to exist that I can fathom is to scam people. I saw one the other day offering a rate of $140,000USD/BTC. Absurd markup only intended to exploit those who don’t know better. Everyone involved “knows” exactly what is happening. If an elderly person is at a scam bitcoin ATM, talking on the phone, with a fat stack of cash, the employees at the business know what’s happening. The ATM system should know what’s happening. It’s an absurdity on its face to pretend they don’t. But they allow it because that’s their business model, and there’s no consequences for them because all they did was “blindly” facilitate it. It’s incredible to me too how they are essentially scamming the scammers with their markups. They know the scammer won’t be shopping around for favorable rates so they set a 40% markup so that they make sure they get a fat payout anytime someone is scammed. It’s blatantly obviously intentional. Regulate this garbage and hold these “ATM” companies and the sketchy business which are hosting these scams, accountable.

coinfeeds-bot

tldr; Bitcoin ATM scams have surged, costing Americans over $114 million in 2023, according to the FTC. Scammers exploit the anonymity of Bitcoin ATMs, often posing as officials to coerce victims into transferring funds. Older adults are particularly targeted, with average losses of $10,000. Proposed regulations at state and federal levels aim to curb these scams by requiring warnings, transaction limits, and greater transparency. Consumers are advised to verify communications and avoid transferring funds via Bitcoin ATMs to unknown parties. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

jboy69x

BitcoinWell ATM $999 x 2 per day cash

Acrobatic-Curve5303

Not a meme coin but I think it’s the best RWA TOKEN ATM why? $50 MILLION. One week. White Network raised the biggest token sale since 2022 and we're just getting started. $WHITE holders who haven't participated yet, don't miss out. Contribute while you can. Don't hesitate and go convert your $WHITE tokens into Whitenet tokens (the own ecosystem of whiterock) You still have time before the fair launch ends and the mc will skyrock... Whitenet is the future and the launchpad for upcoming projects. With a low market cap, its potential is massive. This is the future — and the gateway to Real World Assets (RWA)! Get ready for June 1st! The announcement of their Premier League partner team is coming soon. We'll be seeing the name everywhere on TV. The fair launch is nearing its end. To make sure you’re on the official conversion page, visit the official X (Twitter) account of Whiterock. There you’ll find the link to the website. [network.white.fi](http://network.whiterock.fi/contribute?code=MAX20)

BitcoinRide

Did you buy that at a Bitcoin ATM at the highest point possible...

iwozframed

Watched a Tested vid on YouTube they tried out the first ATM in a bar, intrigued at first but then they mentioned that you had to buy a full coin (which was then at 100 bucks) for the ATM to work and it was an absolute PITA to do. I didn't even think about Bitcoin again for 10 years 😭

KofiUchiha

I use https://solcard.cc/r/purchase visa card on a daily basis both irl or for online purchases, Works practically anywhere except for ATM’s, Uber or gas stations. the big perk is that it’s a non-kyc card with unlimited spending. there is a $10k monthly deposit limit. It’s compatible with apple pay/google pay so you can just tap and pay irl. deposit fee may be a bit pricey but I’ll take that for a reliable non-kyc card

longjumpsignal

It probably won't be. Kraken charges 0.25% on maker limit orders (the cheapest order type), so converting in and out of bitcoin will cost around 0.5%. for comparison wise.com charges around 0.56% to transfer money. depending on how big the inheritance is maybe she would hit some higher volume tier and the fees go down.. for instance at 500k USD the fee goes down to 0.08% so in theory 0.16% for both conversations. That sounds good in theory but kraken doesn't have a PEN/BTC pair and I don't actually see one anywhere so probably Peruvians are all just converting their money to USD anyway before buying BTC. I expect there may be some way to buy using P2P but typical fees on P2P trades are starting at 5% - you'd be better off withdrawing cash at a US ATM from the Peruvian bank account (typical cost 3%). Even if kraken or somebody else did have a PEN/BTC market there are additional complications that make this idea bad. Usually exchanges restrict the payment options available to those of the local market where the account is registered.. so if you registered a kraken account in the USA it won't have deposit options for Peruvian new sols and vise versa. You will likely need two different BTC exchange accounts one registered in each country. The kyc on exchanges can be a pain they will likely ask for proof of address in Peru for instance so she might need to rent a house, get utilities get a bill in her name etc in order to get a BTC exchange account with the ability to take deposits via a local bank transfer. Anyway unless you can find an exchange with a PEN/BTC market with actual volume I think this idea is impossible. Even if one exists it's probably a bad idea because of the hassle in setting up multiple accounts. There may also be deposit and withdrawal fees to consider especially if say you were depositing via card it might be 1% which kills the idea immediately also.

Lexsteel11

Used an ATM of he lives in Europe. I was just in Europe and was seeing European exchanges were selling cheaper than US so was trying to find ways to buy but all non-kyc methods charged spreads that blew the arbitrage out of the water

jokers_wild_card

Reminds me of a story I once heard about a guy servicing ATM machines. He decided to steal some money from one of the machines. When it was time to count the money in that machine, he stole from another to replenish it so he wouldn’t get caught. He continued doing this from machine to machine, skimming a little more for himself each time. Eventually he got caught. This loan method might work for billionaires who can live off a tiny fraction of their portfolio, but there are too many assumptions for the rest of us for it to work forever. If BTC ever got to 10 or 20 million a coin…maybe.

Quirky-Reveal-1669

Did the ATM know to send the BTC to the address of the previous action? Why would these be linked?

antaran

https://investor.gamestop.com/news-releases/news-details/2025/GameStop-Reports-Fourth-Quarter-and-Fiscal-Year-2024-Results/default.aspx >Operating loss (26.2 ) (34.5 ) Their core business had an operating loss of 26.2M in 2024 and 34.5 in 2023. >Interest income, net (163.4 ) (49.5 ) Their earnings got saved by interest income from their cash pile (mostly from US treasuries). >Proceeds from the issuance of shares in at-the-market (ATM) offerings, net of costs 3,453.8 Their cash pile is from issuing several billions in shares.

procabiak

ATMs are the problem, THAT is why the fees are high. Bitcoin ATMs or overseas bank withdraws on regular ATMs are both the same problem. Someone has to pay for renting the physical location the ATM sits on. The locals don't want to pay it so the tourists have to. For domestic banking, the banks also don't want to pay the rent, so they farm the ATMs out to contractors. And THEY charge the fees. Fuck the ATMs. It's a fucking shit show, no different to every bank having their own bank notes. In a digital age, everyone has a phone. Even the cheapest budget $50 phone is about the same cost as a high quality leather wallet and can serve all your crypto needs.

MarkoDavido

My bank doesn't charge and in many countries there are free ATM machines once you get outside of the airport

NotCoolFool

Ok, firstly not all of us do. I personally believe this guy will be the next FTX with his “infinite money ATM” glitch he is purportedly running. I like his optimism but he’s just a straight gamble and his gamble is purely : BTC will continue to appreciate so I will leverage myself into a position to buy as much as I can. And then repeat that over and over. Secondly, anyone saying it’s a red flag is correct : the whole point of the blockchain is transparency- you say I have 5 BTC I can verify that in real time on chain, yes it’s a major red flag to say “proof of reserve” is not needed.

GreenStretch

What's the deal with the Unbank card? I wouldn't mind having a card to carry small amounts of spending bitcoin, but is it from a Bitcoin ATM with the associated high spread? [https://coinatmradar.com/operator/183/unbank-bitcoin-atm-operator/](https://coinatmradar.com/operator/183/unbank-bitcoin-atm-operator/)

ghilliecriosd

In 2012 I was living in Scotland and had been watching the BTC hype gathering. I had reached a crossroads in life and was leaving my job, and moving to Germany. I decided I needed to disperse a little money, I think I earmarked around 200 GBP (which would have netted me around 20 bitcoins at the time). The only way I could find to purchase in the UK at the time was some kind of broker I found online, based in London (though I think there were also some early BTC ATM machines around the country too - one in Edinburgh, one in Glasgow, but my memory might be playing tricks on me). I had a wallet set up with seed phrase etc (I found it recently on an old harddrive and checked just in case!). Anyway the broker wanted me to scan and send my passport KYC, and I got the fear! So I didn't do it. I finally got round to buying some sats recently. Better late than never. But it's still early, isn't it!!!! FML. I wish I hadn't been paranoid about KYC at that moment in time. Though of course, we'd all prefer to minimize that sort of data exposure today too.

Imaginary_Rent_7274

This is 100% not true. Large amount of cash have to be placed somewhere within my physical body in order for me to hand it over to you in a robbery. Bitcoin, however, isn’t anywhere, and the passwords to get to it could be spread across many different states and obstacles for retrieval. You’d be better off taking me at gunpoint to the ATM machine than trying to spend weeks getting my Bitcoin.

harvested

$10 million of MSTR's bitcoin buy was from the STRF ATM, that means they sold $10 million in a fixed 10% dividend product, and bought bitcoin with the money. Strike, a similar product, accounted for $68 million. The rest was MSTR ATM.

ConstantOrchid3240

Just go to bitcoin ATM

Django_McFly

I don't know how you'll do this. If you don't have an EU bank account, you can't move euros digitally. You'll need some exchange that's physical cash only or paid out in gift cards or something. Both of those seem ultra suspect. If you can use someone else like a family member that you trust to make an account, link it to their bank, and they'll be a human ATM for you, that could work. Make sure it's the right family. Your local bank might have better options. Like maybe your debit card works globally or they'll sell you a Visa gift card from an EU institution so it works over there. If this is just a visit, maybe you have to do things in advance. Crypto is useful for stuff like this only if both parties have an exchange account or crypto ATMs are super prevalent and not worse than just doing Western Union it something.

deeslim21

Stock market risky ATM Warren buffet sold most of his positions year ago

_etherium

Getting cash on hand is just taking money from MSTR shareholders (via ATM sales) to give to STRF and STRK holders lmao. From one pocket to the other pocket.

japanb

Yeah but my bank when I use ATM for 3 years outside my country doesn't ask me either or restrict the account 

Amber_Sam

BISQ (or BISQ2), Robosats, Vexl, Hodlhodl, Peachbitcoin. In some places you can use a bitcoin ATM or visit your nearest Bitcoin meetup and buy from plebs directly.

coinfeeds-bot

tldr; Spritz is launching the Spritz Card, a premium Visa card for crypto users, on June 1. U.S. early access users can activate the card to spend directly from their wallets across thousands of supported tokens. Features include instant virtual cards, Visa Signature benefits, Apple Pay and Google Pay support, and no transaction limits. Physical cards and global ATM access are coming soon. The card is designed for seamless crypto spending without staking or platform tokens, backed by Visa's reliability. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

jlauchlan89

I'd stick 10%in Dragonchain it's got potential to hit it's all time high fairly quick. Was £4.80 back in 2018, currently around 5p a coin ATM. the coin actually has projects behind it,and a live podcast every week. Look into it.

darkrood

😂 whoa whoa there are people still not realizing That’s Vitalik ATM when ETH failed to break its 2021 ATH with BTC Vitalik is already coming up with different projects to make money Here you are dancing around his ATM for victory laps when the price is in 2614? You sir is entertaining

Efficient_Culture569

Anyone will still be able to buy it at any point. But yes, people will be buying sats, not bitcoins. Although for that to happen also, there will be a great wealth transfer to people. Individuals own over 85% of all bitcoin ATM.

Background_Pause34

One is a bunch of investors that are annoyed with faster than anticipated ATM and don’t realise the accretion importance. The other is avoidance of talking to centralised altcoins. Meh.

abercrombezie

Wake me up at the ATM. 🥱

AdSea1923

There is a guy on YouTube: Cyber Scrilla , he has done videos about cold wallets. He discusses most of them deeply. I recommend checking it out, as he has one of the best cod wallet videos on yt. Only drawback of a cold wallet is, that you have to pay for it. Apart from that it is considered the safest way to store BTC. I am using the following exchanges without issues: Coinbase, KuCoin, Revolut, Kraken pro, ( Also apps solflare and phantom). All of the exchanges are KYC, so they are following regulations and asking for your data, but it is considered safe (as long as data leak happens like recently with Cb, but I'm still using it.) the apps are also safe. But read about all platforms and always start with small transfers. It feels strange and scary to transfer your whole savings to another account of yours. You will see when you deposit for your BTC and transfer it at some point. :) You can also do self custody, but then you have to install a BTC implementation and sort out the technical side. It's doable and fun to learn. You can use BTC ATM machines to send money from your hands to your private address. They are more expensive than the exchange rate of an exchange, but putting your money in and out to an exchange can also cost, so maybe it's not horrible.