ATM

samuscoped

People not holding BTC will tell you its too late but it’s not at all. Start DCA & dont sell anything for 5-10 years atleast. In 15-20 years it might be too late, but its not the case ATM.

HotExperience6196

I’ve wondered the same thing. From what I’ve seen, it’s not just scammers, it’s also people who either don’t trust banks/exchanges or just want something simple and immediate. Like if someone isn’t comfortable linking a bank account or dealing with KYC, an ATM is kind of a “walk in, use cash, done” option even if the fees are bad. Also probably gets used by people who are less tech savvy and just want a straightforward way to buy without setting up accounts. I still don’t really get why you’d choose it once you know the fees though, so I’m guessing a lot of users either don’t realize how expensive it is or don’t have many alternatives.

BTC_Saviour_16

Localcoin, literally the easiest way to buy crypto with cash. You can find the closest ATM here: [https://localcoinatm.com/bitcoin-atm/](https://localcoinatm.com/bitcoin-atm/)

AmbitiousPhilosopher

Using Bitcoin is expensive and slow, using an ATM is same, using cash is heavy, using the post is expensive slow and risky in some locations. I would just send the nano 2566337764226, and tell them how to trade it with a local that wants crypto.

Aazimoxx

Fair enough! OP is basically asking for impossibilities, that don't apply to essentially any other financial product let along crypto. Realistically he should just use a bitcoin ATM or something to get cash, then mail that to the technophobe.

Buffetwarrenn

Just checked No—not legally. The FCA says there are no crypto ATM operators registered to operate in the UK, which means any Bitcoin or crypto ATM you find there is operating illegally Searched on perplexity AI

F0rtysxity

Not that I know of. You will need to give some financial institution your information. CashApp is probably the most simple. Or if anonymity is your priority you could try a Bitcoin ATM. I have not seen one in a while. And they charge a premium for their services.

OkFarmer3779

The thing worth watching here is the ATM share issuance pace. Strategy's BTC accumulation is almost entirely funded by selling MSTR equity, when the premium to NAV compresses (which it does in drawdowns), the flywheel slows or stops. At 762K BTC they're already \~3.6% of total supply. The path to 1M BTC in 2026 requires either the premium holding up or new debt issuance. Not impossible, but the marginal buyer premium keeps shrinking as the strategy gets more crowded with imitators like Twenty One Capital.

Many-Blueberry968

Its not running straight to the bitcoin subreddit for advice, lmao. There are a dozen or so subreddits much better at answering your question. Or, just shove it all onto your nearest bitcoin ATM today. /s

ChampionWorried9640

download an open source mobile wallet and visit a BTC ATM, buy small amount and play around with it, test multiple wallets, buy something etc.

Hfksnfgitndskfjridnf

He has bought plenty of times this year with NAV below 1. Look at his purchase history in 2026, the majority of buys that were only common stock ATM resulted in a decrease in BTC per share.

blaziken8x

Are there any other reasons to use a BTC ATM other than if you're a drug dealer or an indian scam call center?

Zarigis

Having an ATM only support Bitcoin seems impractical to me. Why not have it also support other cryptos, or also support standard debit cards? 

setokaiba22

No because what idiot is using a BTC ATM with those fees?

Phantasizer

> Or perhaps I don't get well what is the problem you are referring to. Yes, I think you misunderstood me: I meant that if I am traveling or just spending time abroad, let’s say a few months, and I need a certain amount of local currency for daily use, if I use BTC, I will have to sell a certain (relatively large) amount of BTC, it is not practical to liquidate for example the equivalent of 500 US$ every month or every 2 weeks, or is it? So I guess I would have to liquidate a few thousand at a time, which is enough for a few months, but this means I have to safely store a few thousand US$ in the local currency, either in a hotel room or in a temporary place, which isn’t very safe. Whereas with a traditional account in fiat currency, I can just retrieve a few hundred at an ATM every time that it’s needed. And a credit card is relatively safe, if you’re smart (personally, in 15 years of living abroad at least 6 months every year, I never had money stolen. Only once my CC got cloned, but the bank caught it in time and I didn’t lose a cent. 

Phantasizer

To number 2): Of course everything is volatile, including gold, fiat currency, stocks and even real estate, but it depends to what degree, doesn’t it? BTC dropped 40% in a few months, that’s a lot more than almost any other asset, and it’s not the first time that this has happened (maybe not 40% in a very short time, but there have been strong fluctuations). It’s not really an argument if you use it as an investment, but if you want to use it as a means of payment (which is its only real world use), it’s a big problem. Consider the case of someone who purchased BTC when it was at 120k, in order to purchase real estate (or even just a car) in another country, and he had to delay the transaction (for unrelated reasons) just for a few months, he would be unable to buy what he was planning to. That is a serious problem, and as long as it hasn’t shown some stability over the course of a few years at least, will continue to be a problem. Fiat currencies suffer from constant inflation, but there are at least a few that have been quite predictable, over decades.   3) Yes, but as I said, if you just need money for day-to-day purchases, it’s almost negligible. Plus there’s the argument of security: with fiat currencies and credit cards, you can retrieve small amounts dozen or even hundreds of times during a year (as an example), thus never have large amounts of cash on your person or in an apartment, or maybe a hotel room. With Bitcoin you’ll want to exchange a certain minimum, in order to keep the relative fees low. That will either require you to use a bank account and ATM anyway (thus adding fees), or else live with the risk of having large amounts of cash stored on more or less safe locations, especially if you’re abroad and might not have access to a safe. Or is there another (better) way?

Least-Tea1918

What about a crypto card to spend it directly and withdraw at an ATM?

RepresentativeBug287

ATM

LV-426_realty

Accurate, when I used to dispose of the pc in ATM machines we pulled out we were required to drill the HD 4 times.

216_Cleveland

Well even if they saw your passphrase they would need your hardware wallet or seed. Point still is true, would you want anyone to have your ATM pin?

DarkUnable4375

Pin is only 4 digits. Even if they saw it, they need the bank card (or a copy), have daily max withdrawal limits from ATM.

216_Cleveland

Physical security matters just as much as digital security. If someone can watch you input your seed phrase or private keys, all the hardware wallets in the world won't help. This case highlights why operational security (OPSEC) is critical: private spaces for crypto operations, secure storage of recovery materials, and never letting anyone observe your access methods. For anyone managing significant holdings: treat your crypto activities like banking. You wouldn't let someone watch you enter your PIN at an ATM.

snek-jazz

And the majority of it from STRC ATM, not MSTR common. Amazing week for MSTR.

alarickeil

Totakky agree batching helps the network. It just feels a bit ironic when usery pay ATM fees and still wait hours to even see the transaction hit the mempool

Hfksnfgitndskfjridnf

Good call, just did the math and agree with you, looks like I am wrong for last week, but if you do the same math for other weeks this year, BTC per share has decreased the weeks they only issued common stock. Looks like MSTR is not being consistent in their calculations. They are not using ADSO in their calculation for marketcap and EV, but they are for BTC yield. Their market using ADSO is 52.3 Billion vs 47.8 Billion listed on their site. Since their marketcap using ADSO is slightly above the value of their Bitcoin, any sales of common stock would be accretive. Whenever marketcap using ADSO is below the value of their Bitcoin Bitcoin, common stock sales would be dilutive. So you can’t just say mNAV > 1 means issuing shares is accretive based on what Strategy is using for mNAV. In this case it’s around 1.15 mNAV where the break happens between increasing/decreasing Bitcoin per share when issuing common stock. Earlier in the year MSTR was trading below 1.15 mNAV which is why Bitcoin per share dropped in those weeks that they only bought BTC through common stock ATM.

0xParcel

The real risk most people miss is not the unrealized loss - its the dilution math. Strategy has been issuing ATM equity and convertible notes to fund BTC purchases, meaning MSTR shareholders are paying a premium over NAV to access BTC they could just hold directly. When the premium collapses (and historically these premiums revert hard), the equity underperforms BTC even if BTC recovers. Saylors wait thesis is fine for BTC holders. Its a different calculation for MSTR stockholders who bought at 2-3x NAV.

sasquatchington

Makes plenty of sense. That’s when they can ATM the most because people are trading as MSTR is at ATH lol.

MF_Price

I hope you get that sorted out but serious question... What compelled you to buy $20 worth at an ATM? You're burning 20% right off the top and probably buying at a higher spot on top of that. It's as if BTC is at 70k and you placed a buy order at 90k. Seems silly. Just curious what the reasoning could possibly be.

kaicenat2341

The problem is it hasn’t been broadcasted for hours. From the helpful responses I think it’s because they wait until there has been a certain amount of transactions on the ATM until they broadcast all of them in batches.

Jaded_Hold_1342

I think the days of high mNAV are long gone. The short sellers would squash that in a heartbeat if it came back with the Chanos hedge play. (short mstr, long btc squash the mNAV down to 1). Eventually debts will come due and the mNAV will collapse <1 while shareholders fret over how that gets resolved. Saylor will never want to sell btc... so he may just keep doing ATM and more dilution with mNAV<1 to avoid needing to sell BTC... that would dilute shareholders and cause mNAV to drop further, but it might be preferred to selling BTC since that would crash the BTC price. I think there's a couple years runway before all this plays out... the cash pile is sufficient for now.

pezdal

Yes. It is shitty if they haven't broadcast it yet. One possibility is that for low dollar amounts (during expensive fee times) the ATM operator waits for several deposits from different customers to batch them together into a single transaction. Exchanges do this a lot.

alarickeil

The fact that it hasn't even been broadcast yet means it's likely the ATM operator holding the transaction, not the Bitcoin network. Once it's sent, it should show up almost instanly as pending. Unfortunately a lot of crypto ATMs batch transactions or delay them. While still charging huge fees

kaicenat2341

Yes, its not confirmation I am worried about but the ATM hasn't even broadcasted it to the mempool. Is that not an issue?

Ok-Ship812

So the ATM operator loses the 25k instead? How does that stop the scammers profiting?

Nicaddicted

There just shouldn’t be a Bitcoin ATM in general. It’s purely to scam people

I-J-Reilly

Really wanted to see a bunch of actual bitcoins spilling out of that ATM.

Whocanmakemostmoney

Why bitcoin ATM machine? It doesnt get involved in scams

Available-Rutabaga-6

Just withdraw from the ATM? Why do you need to go into the branch?

lacksfish

You're not wrong. But other than unsuspecting elders it is the ATM operators who charge >10% fee. I'm actually fine with the paper bills being returned to the scammed elders. Let the ATM operator figure out the loss with their outlandish exuberant exchange fee. 🤷🏼 I think this is *at least* an interesting approach to return the paper bills.

Personal-Ebb-4717

That's not how it works. Imagine you buy a 100$ gift card from 711, and you send the gift card to a scammer. And then you call the police to break into 711's cash register to get the 100$ back cuz you've been scammed. Ridiculous. If i was that ATM's owner, i would sue the police/city for damage and theft.

Anantasesa

Well automatic was already redundant when the word machine was included and then you have people calling it an ATM machine which is equally dumb. So it just keeps the familiar format with a single letter change. Makes sense to me.

Anantasesa

More like the ATM sent the BTC to the scammer after gullible people paid to buy said btc for a scam reason like to cover their "IRS debt". ATM just sent it where they told the atm to send it. Only "theft" was the scam to deceive them into sending their purchased coins. Funny they don't crack down on zelle transfers to scammers like that.

Anantasesa

You put money in and scan a qr code to enter the address you want your btc to be sent to. ATM owner can't have "unsettled coins" as the transaction requires the ATM to send the purchasesd coins upon purchase.

Lolrami101

So, are they cutting the ATM open to take the bitcoins inside the machine?

Cedric_T

No, banks have too much security and lobbying power. Best to rob the bitcoin ATM.

thinkingmoney

Ser, ATM stands for automated teller machine. When you leave the A out and replace it with an b it isn’t automated anymore. Then it’s just a paper weight. Nobody needs that big of a paper weight

KyuKitsune_99

The problem with some of these is that the deposit or "withdrawal" is directly to the scammers wallet and the person never gets custody of the tokens most of the time. As many problems crypto could solve and 'okayish' applications, this is evidence that it is still in infancy. As flawed as fiat and international banking is, it evolved some protections and limits. Banks have humans and some fraud detection and a larger number of people have been saved by it, we just don't hear the good cases very much. Yeah most banks won't entertain clawing back a settled transaction with fiat. But, as unlikely as it is, if authorities recover the money, some of it at least will be recovered. The digital equivalent is an unacceptable thing to crypto. A rollback is one of the cardinal sins you could do, even when necessary. The inflexibility and anonymizing tactics make it such an excellent vector for fraud unfortunately. Crypto value remains fueled by speculation, weak/leveraged anchors to fiat, or just flat out fraudulent/laundering activities. Lastly the ATM owner should and very likely has hedges to this risk or operating procedures to mitigate the risk, otherwise they have no business transacting financials. No details if the ATM owner actually settled the transaction on the chain or if the original victim actually transmitted the coins if they got a token out of this. Unlike the Circle K case, it seems like we have no details about how the ATM or the ATM owner handles their operation, so it's more than likely this happened due to not being reachable. The fact that this happened at the speed of US law and that amount cash was still in there means that this is a very small disorganized operation that didn't even dispatch to empty. Some of the blame / risk is on the ATM owner and would not be surprised if they still have the tokens unsettled, but might be unwilling to negate this transaction because of a change in value of said tokens.

onfroiGamer

Well these ATM owners should have insurance

defiCosmos

Was the Bitcoin IN the ATM?

TurbulentAd976

For some reason you keep calling me american but okay 🤷🏻‍♂️ No sane economy punishes people who provide for themselves. A bitcoin ATM is a legitimate business.

exomyth

So they robbed the owner of the ATM? If I ever get scammed I can rob a bank too, yeah?

Trueslyforaniceguy

The bitcoin ATM operator accepted the stolen money? Or what’s the thought process on cracking this thing open? Am I missing something?

CreatineAddiction

Won't someone please think of the bitcoin ATM owners!! **Clutches pearls**

East-Cricket6421

The sad part is this does nothing. The thieves use BTC as the payment but the person who sold the victim the BTC (in this case whoever owns that ATM) likely has nothing to do with that. This would be akin to a scammer getting you to hand them a cashiers check via fraudulent means and in response the local police go and take your money back from the bank. Unless the ATM operators were also miraculously the scammers, then all you've done is create a new set of victims with this move.

Its_Sunaina_

solid writeup and matches my experience pretty closely. the ATM thing is real, i stopped relying on cash almost entirely because of it and just use contactless for everything. the few times i've needed cash i've used my backup card. the privacy point is something i think about a lot actually. when you're moving between countries the idea of having a unified transaction history that follows you everywhere is genuinely uncomfortable. having a card that operates with a lighter footprint feels like the right call when you're traveling long term

habbadee

It's been a few months since they've added to the reserve and they have issued a lot of new STRC, so the runway of that reserve is diminishing. Of course, all it takes is one common stock ATM to top it back off again, but as of this moment a claim of 2.5 years of reserve is well exaggerated. Most likely under 2 years at this point for current dividend obligations and well under 2 years if you consider likely obligations as they continue to aggressively issue new STRC

Turbulent_County_469

Just ATM the money out bit by bit

dj_destroyer

If you think a Bitcoin treasury company is the same as an ETF, you haven't been paying attention. Take an excerpt from a previous post of mine: "-Common Stock (MSTR): Used extensively through "At-the-Market" (ATM) programs, this is the most volatile, high-growth equity, offering leveraged exposure to Bitcoin. This is highly accretive to existing shareholders when MSTR trades at a premium to its Bitcoin holdings. \-STRK (Convertible Preferred): Offers an 8% annual dividend and can convert into common stock at a premium ($1000 per share), targeting investors looking for income with potential equity upside. \-STRF (Income-Focused Preferred): A 10% fixed dividend preferred stock designed for income-seeking investors, lacking the conversion feature. \-STRD (High-Yield Preferred): A 10% non-cumulative preferred, carrying higher risk for investors seeking maximum yield. \-STRC (Variable Rate Preferred): A newer "Stretch" preferred, often providing high, variable yields designed to compete with money market funds while funding further Bitcoin purchases." Sure, if Bitcoin drops to $10k for a sustained period of time, the music stops -- but as my girlfriend Lyn Alden says: nothing stops this train. Bitcoin has no top because fiat has no bottom. Finite scarcity blah blah blah

mindfulofidiots

Fuck me you can barely fill a trolley in Lidl with that ATM This is fuckin wild!!!

Dragnskull

in the mid 2000's i had a simliar meltdown as this guy because I walked into capital one to withdraw something like 200 bucks to pay a phone bill or something and they told me they can't give me my money because the systems currently down. Keep in mind tech wasn't quite as universally integrated at the time, things like apple pay and venmo and whatnot didn't exist, the only online payment method really was paypal, i dont even think smartphones were really a thing yet. I was also young and didn't have a credit card Anyway, "can you like, write down the transaction and update my account when it's back up?" no "okay well where's the next closest capital one so i can get my money from there?"- sorry sir our networks actually down so none of our banks in the area can process anything "...so how am I supposed to get my money?" you'll have to wait, it should be up today or tomorrow. You can use an ATM in the mean time "okay so can i use your atm here?" no our system is down but you can use other ATM's that arent capital one "that'll cost me in fees though, right?" yes "so I can't have my money? there's nothing you can do to let me use the money im storing with you guys?" nope "Alright, I want to close my account then." sorry we cant do that because our system is down at that point I started losing my shit like this guy ranting about how i hate banks because of crap like this, and as I start to walk out of the bank the greeting lady that stands at the door has the nerve to say "well see that's why you should have one of our credit cards so you can use that if the system is down :)" Absolutely lost it at that point- "THE SOLUTION TO YOU GUYS HOLDING MY MONEY HOSTAGE... IS TO TELL ME I SHOULD SIGN UP FOR MORE OF YOURE SERVICSE?! YOU GUYS ARE FUCKING INSANE." as I stormed out lol. a week later i went back and closed my capital one account and moved to wells fargo. I stayed away for about 15 years until I wanted a signup bonus and opened an account again

curious_spectrum

It’s not someone looking to sell me or invest in bitcoin directly. It’s investing in bitcoin ATM’s in Thailand

Mitragyna411

Cool. Kraken has always treated me well. Years ago when I was the second person in my state to put in a BTC ATM, they were the only legit place willing to work with me and help navigate the AML/KYC world and help keep me out of trouble. Been with them for about 10 years give or take. Glad to see them doing well.

No_Reporter_2341

btc dont sound like high risk ATM

sean_hash

800/day is like 4% of daily mined supply post-halving, real question is what happens when they run out of ATM allocation

Raaaa225

ATM my mum made 12k from btc enough to cover for her house renovation

FnAardvark

That doesn't make the "flight risk" argument they are making any better, which is my point. There's already better things than a checking account at Chase that you have to pay fees on to keep open unless you direct deposit. Let's not forget ATM fee's and zero yield.

CoffeeAlternative647

You forgot to mention the amount of power needed to keep branches and all their machinery, servers, ATM's, TPA's

FnAardvark

I don't understand the banks "flight risk" argument on yields. If I park my money in a fidelity account, I get a 3.32% yield, a debt card, checks if I want them, and they pay all ATM fee's. It's literally 10x better than a traditional checking account and where's all of the flight?

Deionize_Deionize

Cool. However most ATM enact a heavy fee above the spot price. A better infographic will be the usage of these ATMS...

PeaMuch5965

Glad you liked it. The global Bitcoin ATM growth really shows how far we've come from just online exchanges to real world access. It's one thing to buy Bitcoin on an app, it's another to walk up to a machine and grab some sats with cash. That's tangible adoption.

Careful-Confidence13

Is there any Belgian here? I’m going to Belgium in a month and I’ve seen there isn’t a single ATM in the whole country, is that possible?

aaj094

If STRC > $100, there is a demand tap on for BTC (using ATM share issue proceeds) and any selling needs to outweigh this demand for price to go down. Yield on STRC is 11.5% pa so it's sweet for yield investors and hence primed to stay near $100.

coinfeeds-bot

tldr; Strategy Inc. has acquired an additional 3,015 BTC, increasing its total Bitcoin holdings to 720,737 BTC as of March 2, 2026. The purchase, funded through share sales under its ATM equity programs, cost approximately $204.1 million at an average price of $67,700 per Bitcoin. The company's cumulative Bitcoin investment now totals $54.77 billion at an average acquisition price of $75,985 per coin. Chairman Michael Saylor confirmed the details in a social media post, emphasizing the firm's commitment to Bitcoin accumulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

IBAN-IBON64

ATM BITCOIN mais les frais importants. Hodlhodl BISQ

fondoobious

Needed an emergency top up of under $100, so I had to pay the 20% at a CoinFlip ATM. First message you get AFTER your buy is: PLEASE NOTE THAT YOUR PURCHASE MAY NOT BE SENT IMMEDIATELY FOR SECURITY/CONSUMER PROTECTION REASONS. No idea if/when they will ever send me my BTC

Django_McFly

If I withdraw money from bank account at an ATM and then someone scans me out of that money, we generally would blame the scammer instead on the ATM maker. "You should have known it was a scam! Nobody ever withdraw or deposits money via ATM"

JayordanJolly

Bitcoin well ATM

coinfeeds-bot

tldr; The Massachusetts Attorney General has filed a lawsuit against Bitcoin Depot, a major crypto ATM operator, alleging it knowingly facilitated scams that defrauded state residents of over $10 million. The lawsuit claims Bitcoin Depot used misleading tactics, overcharged customers, and allowed fraudulent transactions, with over half of the money processed in Massachusetts linked to scams. Bitcoin Depot denies the allegations, stating it prioritizes compliance and consumer protection. The case highlights growing concerns over crypto ATM fraud and regulatory scrutiny nationwide. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

niddess

No BTC ATM in my country

niddess

I'm not looking for excuse, I really am trying to find a good robust option. Yeah KYC is more revealing, but name, last name is already way too much IMO. Meeting people is only possible in big cities or the offer just does not exist, sending money through mail is just too risky, bitcoin ATM without KYC is for very few countries. Only option left is WU/similar, I'll dive into this to see if there is something rotten with this method, or if it's the golden one

tooreal

Since youre basically talking about an ETF for BTC I’d take 200k and invest it into FBTC when it hits 50k so you have 4. If BTC historically has a 4 year ATM/bottom cycle sell them in a couple years at 200k. You would still have 600k that would be following the normal growth and potentially an additional 600k in a couple years. You can repeat this cycle or just have 1.2mil in VOO in a couple years

Express-Economist-86

Traditional finance-wise I started 17 years ago. Bought fixer-upper house around 2016-2017 at about $165k, market has it at ~$390k today. I don’t believe it’s worth that but just had it appraised (to do a partial cash-out refinance and buy more Bitcoin and STRC - the arbitrage is that good). Real estate seems like a place surplus dollars settle, but why would get locked into property management or house flipping? - I’d need to raise rates just to keep up with dollar inflation and taxes, then I’ve got people pouring bacon grease down the sink… I think of Bitcoin as the first time humans can have electric energy turned into value. Thermodynamics, right? Energy can’t be created, just transformed. So bankers and politicians have *created work-value energy* out of nothing - meanwhile Bitcoin is energy transformed into work-value. Kind of funny the money printer people all complain about the energy cost, how much you think financial mucky mucks and their high-rises on wallstreet cost? It just makes sense that if bucks are printed (look at M2 money supply) prices in dollar terms (for my same, shitty, antique, small-family sized home) would go up, but the value in actual energy (as priced in Bitcoin) would go down. Detractors would be like “but you gotta use shady shadow banking!” Not really, I have a Bitcoin ATM down the street. Poof, there’s your down payment in cash. In 2017 Bitcoin hit a high around $19k, now we’re at a people-tripping-out low of what, $62k? And again - in dollar terms, my house went from ~165 to ~390k If I had half a brain I would have rode it out, life didn’t get less expensive, I won’t make that mistake again. It could drop to 30k, I’d buy harder - it’s that good of an asset. Another thought, everyone’s mad about wages… well converting my dollars into Bitcoin clearly preserves or enhances their value. The dollar basically evaporates with time, so it encourages people to flip it quick into the next thing or risk loss. Plus, now we’ve got to contend job-wise with limitless human creativity connecting to the how-to know how of AI. If you don’t think that’s going anywhere, check out Anthony Pompliano’s CFO Silvia AI. It’s free so far. I’m at starting-stages of my business and still hiring lawyers to cross check but so far I’ve been astounded at what it can do… my point being, replacing a CFO salary is kind of a big deal, and now everyone has access. Wages should be going up, prices should be going down. Holding Bitcoin is better the longer you learn and keep it.

Substantial-Sea3046

Find an ATM and use a temporary sim card with a Trashable phone ( phone send unique id with the sim, so even with the removed sim, expert can track you if you use the phone with a new sim )

TheresNoSecondBest

That's it? Is that everything? A standard KYC reveals name, **address, phone number, email, your photo as well as a photo with all details in your ID**. Do you see the difference? Now, do you prefer not to have your name revealed? There are only a few options. 1)Send money over Western Union and similar services (expect high fees). 2)Send cash over the DHL or similar (could get lost). 3)Meet people at a Bitcoin meet up (showing your face). 4)Use a Bitcoin ATM (depends on the country you're living in). 5)Use Vexl and meet with people in your phone contacts (showing your face). 6)Offer goods or services in exchange for bitcoin. Stop looking for an excuse, mate. Find a solution that works for you.

DigitalDaydreamers1

Look for a bitcoin ATM near you. There’s plenty of ways to get bitcoin. Why would you want to send $100 in cash when you can do it digitally via other means??

TheresNoSecondBest

Visit your nearest Bitcoin Meetup, Bitcoin ATM or Vexl.it

Numerous_Big_3680

Try a Bitcoin ATM if there's one nearby - those definitely take cash but the fees are pretty rough, like 10-20%. Also yeah Walmart has those CoinMe kiosks in some locations, just check their site to see if yours has one For chain stores I've heard some people mention certain gas stations but honestly your best bet might be finding someone local through like Facebook groups or something if you want better rates than the ATMs

coinfeeds-bot

tldr; California has initiated the Digital Financial Assets Law (DFAL) to regulate crypto firms statewide, requiring them to obtain a license by July 1, 2026. DFAL mandates strict rules on reserves, disclosures, fraud prevention, and cybersecurity. It also imposes consumer protection measures, including limits on crypto ATM transactions and stablecoin regulations. The law aims to ensure transparency and safety in the growing crypto market, potentially influencing national standards due to California's economic significance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Repulsive_Spite_267

The system falls, ATM's are uselss, your visa card and cash apps are useless, your phone is useless, your computer is useless. you're talking apocalypse. If there is even paper cash left by then and you happen to have a little bit, or even some gold stashed, how do you stop people from taking it when you go out side with it? what you going to do? call the cops? you cant by that stage, the only thing that matters in survival skills

CapitalIncome845

If there's a systems collapse, your ATM card would be fucked, too.

Chilln665

I think we are in the early stages of the shift… jobs might be lost, but new ones will be created. Roles will changed just like when the ATM shifted the role of a bank teller. Just like this AI job adjustment, the shift from fiat to blockchain will be scary for most.

BastianHS

Can I interest you in an ATM meetup?

sridhar353

If it goes down 90%, I’m sure Saylor will create more ATM offerings to purchase a lot more bitcoin. What an opportunity that would be! Signed, A cynical, badly hit investor who bought into Saylor’s ponzi scheme

cqm

He can just ATM now and pay off the debt so he doesnt have to worry about it

MrGraveyards

Dutch person here, it isn't that simple. First of all, Bitcoin needs to actually make profit. Which ATM it doesn't. Then the parliament did say they approved this law for 2028 as a stopgap because there is no better plan. This means they will try to find something else. The Senate (eerste kamer) didn't approve it yet, but probably will. The moment it will (questionable!) go into effect, a lot of lawsuits will start to happen immediately. Furthermore this is still one of the best countries in the world to be in, and it is a tax, it isn't all your money or anything. Some people are saying it will never come this far, but if it will there might be legal ways to circumvent it, like starting a small 'investment' company. And yes, if all else fails, moving could be an option, but it isn't the only one, and it isn't 2028 yet.

fpiasdf9

As with all things in America, it's devolved into partisan politics. Old money is the banking system represented by Dems. New money is crypto supported by GOP. And yes the key sticking point ATM is banks don't want to lose their monopoly on deposits, their entire fraudulent system will collapse when stables pays more interest.

TheresNoSecondBest

>*lose Fat fingers, sorry. >It seems the same to me. I get that it's not possible to provide a backup for a device like that. On the other hand I would hesitate to store bitcoin like that without the possibility of a backup. I hear you, mate. The device isn't made for long term storage. It's like a $100 bill. You take it out of your home safe or a bank ATM (load opendime up), you give it to someone else. Should you burn/lose the bill, the money's gone because there's no backup. The same goes for the device.

bbatardo

Right now he uses MSTR shares as his personal ATM. The only reason they have a cash reserve right now is because Saylor finally realized he needed 1. He sold shares about a month or so ago to get about 2B. That holds them over around 18 months give or take. I imagine he will sell more shares soon to add to it once he pays out some of his reserves and keeps the cycle going until people stop buying MSTR. 

mrjune2040

Ten years ago this was interesting, now it's just yawn, especially when it's just one of ten thousand other Bitcoin ATM with a 20%+spread.

Different_Ice_6975

After all the years of watching YouTube videos about people being directed by scammers to go to Bitcoin ATM machines, I just realized that this is the first time I’ve actually seen a legitimate Bitcoin transaction.