Reddit Posts
In 2014 I bought some electronics from Adafruit for a little over 2 BTC... Woohoo!
Bidirectional Tokenization Model (BTM) Why is Better?
Why would a crypto ATM machine require a text verification at the machine for bitcoin, but not for ethereum? See below.
News World’s Largest Bitcoin ATM Firm To Go Public On The Nasdaq. Bitcoin Depot is set to list on the Nasdaq under ticker symbol ‘BTM’ by Q1 2023 through an $855 million SPAC deal.
BTC @ $337.90 - Found a tweet from when I saw my first BTM
Leading BTM Operator Bitcoin of America Working With Mayor Suarez to Promote Women in Crypto at BTC 2022 Miami
Cryptocurrency ATMs: how they work and why they are needed
Popular BTM operator Bitcoin of America wins silver at the 11th annual Best in Biz Awards - press release
Mentions
Fucking Conan O'Brian 2013 BTM Skit.
this alerted me to BTM at 123k - thx for the 10x tess!!!
BTM ticker is either Bytom or BitMeme, both 💩
Works really well! $ATM was called sub 400k, $BTM called at 130k!
Back when I started to DCA in, I made $150 off the books once a week with a casual gig. I’d take it to the non-KYC BTM the very next day on my lunch. This was back post MtGox, when a coin was $300ish. There weren’t as many exchanges as there are now. And Fintrac hadn’t begun in earnest yet. While this may seem OG cool, my issue now is capital gains taxation if I should choose to cash out. So I hodl, and hope to be able to use my coin to set myself up for retirement somehow, or generate a nice passive income.
Take a vacation to a BTC friendly country and use a BTM or sell OTC. In the USA Bitcoin isnt a currency, its property...so you can "trade" it for things like...Gold. or Gift Cards. or a home. or a car. You can even pay taxes in some states. Not technically "cashing out" according to the IRS. (Full disclosure, im not a lawyer)
In Mexico City too, I usually use BTM (Bitcoin and Crypto ATM's) and I love them. Very practical
BTC seems like the wrong choice for that transaction. I get your thinking and good for you to check in with the lady using the BTM. That still sounds sketchy though. Not crypto related but a person in my extended family drained her savings for a gift card scam. Everyone was shocked because the scam was obvious, but they were not surprised it happened to that person because of her track record. It is really sad to know it happens and changes people's lives dramatically.
I once saw an elderly woman approach a BTM at a coffee shop and pull out a bunch of 20s. I quickly went over and asked them what they were up to. She explained that it was her son who lived abroad and she sent him money this way every month, and I explained to her that her age demographic is targeted for scams, and I didn’t mean to frighten her. She said she was sure that it was her son, she spoke to him every day via WhatsApp. Her son she said, lives in a place that can’t get bank transfers. Given that it wasn’t a huge amount of cash, I didn’t press for more details, as that’s none of my damn business. So… in the end it didn’t look like she was being scammed but rather… skirting sanctions. 😬
Do you have the txid or anything else about the transaction from the BTM? Check it on a blockchain explorer
This was years ago, and this was probably one of the first two brands of BTM ever made (I remember hearing about one other brand). The BTM was manually "loaded" whenever he bought more. His store closed around 2018 I think. Sad, he had great stuff.
You weren't living in middle-of-nowhere Russia like OP was. Meanwhile, I was stuck in what purports to be a first-world country and the first Bitcoin presence didn't exist until March 2014. And every fucking time I went to buy some, the guy's BTM was out of it, and then the government banned it.
You're 15? Bitcoin BTM available at corner stores or gas station. May be a little expensive around 5% charge.
My moto is "Save what you can and spend what you need." But also some advice. Never go into debt to buy Bitcoin, never buy at an ATH, never sell at a YTD low, Don't invest money you might need in the next four years. Check the spread to make sure your fees for buying and selling are low and the spread is small. And never ever use a BTM.
Renaissance Tech discloses owning multiple Bitcoin ETF’s via their 13F disclosure (couple millions worth): •ARKB, BITB, GBTC, BTCO, BTM, FBTC RT is one of the largest hedge funds in the world, founded by the late Jim Simons. No fees for the ETFs ends in June for most, July for Fidelity 👀 https://www.sec.gov/Archives/edgar/data/1037389/000103738924000072/xslForm13F_X02/renaissance13Fq12024_holding.xml
Hoping $BTM performs well during the post-halving rally. Took a position over the winter, but been mostly stagnant, so far.
even on P2P services, if you geographically cannot meet the person, it leads back to an account with electronic debit/ credit funds. That's KYC, getting it off the internet is hard. Getting it in via cash BTM is easy, but I imagine Governments will start to crack down on BTMs that release cash as well.
I’d heard during the last cycle that they were looking at this. I’m gonna go check out my local one to see if it compares to the BTM in the mall or the exchange service I use. I’d sooner dump my spare change into one of these than a bank
> I was using it before it was cool. That was 2011, dude. Let me know if you see a way to cash out a bunch at a time to USD. I've been told that LN adoption is pretty small there even with their "Chivo" wallet. I haven't yet heard anyone give a straight answer to whether I can use a currency exchange kiosk or bank or BTM to cash out some BTC to USD to pay for everyday expenses.
Because Bitcoin ATM prices are due to overhead and not to purchasing windows. The time it takes to make a tx with a BTM is small, bounded tightly, and certainly not worth an extra 10% above spot price.
I’ll trade you turns at the non-KYC BTM.
u could , but BTMs have super high Fees, so if u are planing DCA (buy 100 here and there $) i would not do that over BTM, sign up on an exchange
Haha, ye those BTM:s son. I think #pawth will have their own soon as well though.
Yes, the CIANSAKGBFSBXYZ is definitely going to torture the passwords for the surveillance video out of the deceased owner of a defunct bar in Pattaya so they can review all the saved footage from 2015 to see me sticking bills into that guy's BTM. And by BTM I mean "stripper's g-string" in Minecraft.
> If you are just buying as investment the BTMs are not cost effective. They are if you factor in capital gains taxes on *non*-BTM coins.
Too many bad investments I can’t remember. VET, SCRT, BTM , BAT, DRC… The list goes on.
if only BTM are more spreaded widely it can reduces the fees
> Customers pay high fees to use a BTM, on top of a possible exchange fee. The median fee for buying Bitcoin from a BTM, as self-reported by BTM operators in the United States, is 16 percent of the value of the transaction Alright, hell no
send them a random butthole shot and never hit the site again. KYC is communism. bisq might be an option for you, or a local BTM
Quick question about BTM privacy. I realize they have their KYC requirements depending on amount, but is the location discernable from the public blockchain? In other words, if I look up all transactions with the same seller bitcoin address, will it show only buyer addresses from the gas station near me, or only from the same franchisee in my city, or from every kiosk in the entire Bitcoin Depot network? Thanks.
tldr; Bitcoin Depot, one of the largest Bitcoin ATM operators in the US, has launched on the Nasdaq stock exchange, becoming the first company of its kind to go public. The company recently merged with GSR II Meteora and is listed under the ticker BTM. Bitcoin Depot is the largest provider of Bitcoin ATMs in North America, with 6,440 kiosk locations. These ATMs allow users to buy and sell digital assets without setting up an account with an exchange. Bitcoin Depot's CEO stated that the additional capital from the merger will support their growth opportunities and mission to bring Bitcoin to the masses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Crypto ATM firm Bitcoin Depot has announced that it will go public on Nasdaq starting July 3. The company closed a merger deal with fintech firm GSR II Meteora Acquisition Corporation, allowing investors to have exposure to Bitcoin Depot. The merger deal, costing $885 million, aims to support growth opportunities and promote Bitcoin adoption in North America. Investors will be able to find shares of Bitcoin Depot under the ticker symbols BTM and BTMWW. This announcement comes amidst regulatory scrutiny of crypto firms in the US. Bitcoin Depot is one of the largest crypto ATM firms in North America, with over 9,130 locations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Robinhood is decent actually, you're able to withdraw bitcoins now. If you're buying with cash check out [Agoradesk](https://agoradesk.com/?rc=htg1). Much cheaper to buy P2P than to use a BTM.
The BTM is called BTC Central and its located in British Columbia Canada
Anonymity, banklessness, trustlessness, (using BTM vs using banking/KYC'd exchanges channels to buy in/sell out) ; are each ***extremely*** powerful, invaluable features Getting that coin anonymously, without a single vulnerability to taxation or asset seizure, is worth every % point those CTM's charge us I use them every week, since 2017
BTM owner here. I can assure you the industry is scared and BTMs are getting shutdown because of the government action and the lack of legal clarity surrounding the industry at the moment. There is no way to prevent somebody from sending their Bitcoin (either from an ATM or from Coinbase) to a scammer. So we are forced to shutdown.
Welp, there goes the 0.1 BTC I never sent to a wallet back in 2018 on that very same style Coinlinx BTM . . . which is now out of business in USA
Lol you misread and misunderstood my question. Misread because I said “if banks disappeared TODAY”, not at some point in the hypothetical future when crypto will be the new money. And misunderstood because I did not mean how you would earn money. I meant how would you convert your cash stored under the carpet to crypto? My intention was to highlight how crypto appears easy to use because banks do a lot of the heavy lifting. To your credit, I’ve learned something new about crypto just today after I posted my previous reply, specifically the BTM’s and how they allow you to directly convert cash to BTC. That helped me to look more favourably at crypto functioning independently of banks. But, either way, adoption is still very far, though not impossible. I posted a detailed comment to the person who told me about this, about the problems which stop crypto from mass adoption and what will it take: https://www.reddit.com/r/CryptoCurrency/comments/116t7qe/what_are_some_counter_arguments_or_criticisms/j9xd641/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 (if you care to read about it. If not I understand, it’s a bit too long haha)
Now this does put a smile on my face. I’m coming to the US this fall and I’ll try to get my hands on some of this. This is definitely closer to the purpose of crypto and a great first step. But it is still just the first step. Right off the top of my head, a major problem I see with this is that it is still run by individuals or organisations under the blessing of the government at fixed physical locations so these would be extremely extremely easy to shut down the moment they start to pose any kind of a threat to the government or to the current economic system. All they need is one crime being traced back to one of these and they can be like “playtime is over, you’re grounded. No more of those BTM toys for you.” And also, even if this doesn’t happen, there are still the other age old problems which have stopped adoption thus far like the transaction fees. Notice how I said “transaction fees” and not “low transaction fees”. There are payment methods available right now which let you transact from bank-to-bank for completely free using only the phone number of the person you want to send money to. So, before you bring up the lightning network, let me point out that any transaction fee, small or big, is a HUGE disadvantage and a compromise for the general public. All methods I’ve seen of eliminating transaction fees have compromised on decentralisation but I’d happy to be proven wrong on this. And even after paying the fees, it’s still riskier because you’ll lose everything if you make a mistake and you have no manager or customer service to complain to and try to get it back. The general public does not care enough about decentralisation enough to make such big compromises for it. The only way this happens is if there is some kind of a large scale economic apocalypse that destroys the fiat economic system as we know it and people are forced to rebuild a brand new economic system with decentralisation at its base which is my only scenario for mass adoption, nothing less. Educating people about crypto and decentralisation and having it slowly take over in the current economic system is a pipe dream. Before that happens, the banks will just adjust themselves and get more competitive to keep enticing the general public while governments will keep pushing crypto down with new regulations making it unsustainable for mass adoption.
Bitcoin ATMs (BTMs) are a convenient way to purchase bitcoin and other cryptocurrencies, but they often have higher fees than other methods of buying bitcoin. There are several reasons why BTM fees may be higher than other options: Operational costs: BTMs are machines that need to be maintained and operated, which can be expensive. The fees charged by BTMs may include the costs of operating the machines and ensuring that they are in good working order. Location: BTMs are typically located in high-traffic areas, such as malls or airports, which can also increase their operational costs. These costs may be passed on to users in the form of higher fees. Convenience: BTMs offer a quick and convenient way to purchase bitcoin, and the fees charged may reflect this convenience. Regulation: In some cases, BTMs may be subject to additional regulatory requirements, which could also increase their costs and result in higher fees for users. Overall, the high fees charged by BTMs are often a trade-off for the convenience and ease of use that they offer. If you are looking to buy bitcoin at the lowest possible cost, you may want to consider using an online exchange or a peer-to-peer (P2P) marketplace, which may offer lower fees.
Although Bitcoin ATMs are located worldwide, the great majority of these are situated in North America with 83% in the US and Canada. Europe is the second most prominent region for BTM access, with 3.8% of the market share; Asia is third with 0.7%; Latin America falls fourth with 0.2%.
There is no such thing as "privacy coins" in the sense that they are actually private. "Privacy coins" just dont record address in with the transactions. That doesn't mean you didn't leave a paper trail. You still expose your IP address, leave a trail from acquired kyc/aml exchanges, and cannot hide that dollar amount, even when mixed. They can still be traced. Being private online is all about OpSec. You have to think in new ways. You have to air gap your identity from the computer/internet entirely. By far Bitcoin has the best ecosystem for being annonymous. Mostly because of Bisq and lightning. The process as crudly follows:(to get your brain working in the right direction) Use with all interactions: Google voice/proton mail, Jail broke phone, mcdonalds wifi, tor, vpn(paid with non KYC BTC from BTM) Now: BTC ATM $100 for kyc free coin Now Bisq > US Postal Money Order > repeat until you have a big enough stack. Spend, be careful when spending online, you really need to trust this entity.
At 13% fee, could it just be a money laundering business for the owners? Owner has dirty cash money, buys Bitcoin below the NYC limit with the cash at his ATM, 13% fee goes to his legit BTM business (laundered), rest goes in Bitcoin. After he can sell his BTC using the same technique. Sell BTC below KYC limit, 13% fee laundered, back to cash. With 100$ cash from the beginning, dude has now 75$ cash and 25$ fees into legit business.
Thank you for explaining friend. 53 GWEI is a fraction of a cent of a $USD. But why are commenters saying that the ATM fees for ethereum will be very large? 2.)How long can one usually wait at a BTM machine, waiting for the payment to confirm without having to use a phone to verify? Is there a max time? -Thanks.
Hello me. I finally managed to get my first when someone set up a BTM in a restaurant, four years after I was first interested. :-(
BTMs are owned and operated by private companies. There are hundreds of these BTM companies. CoinFlip, Byte Federal, Athena, CoinCloud, RockitCoin, Shitcoins.club, GetCoins, Cryptobase, Unbank, Bitcoin Depot, Bitbox, BTMmachines, National Bitcoin ATM, Coin Time, Hodlbum, BitcoinX, DigitalMint, Local BTM, Crypto Dispensers, InstaBitATM, FirstCoin, Coinhub, BlockchainBTM, CoinMover, Budget Coinz and Biterminal are some of the bigger BTM companies. There are many others. Some BTMs are one-way machines (you can only buy) Some are BTMs are two-way machines (you can buy or sell) BTMs always charge high fees to buy bitcoin. Some BTMs don't charge high fees to sell bitcoin.
Why do you say that? Because you recently bought some bitcoin from their BTM and you haven't received it yet?
I'd say the largest exchanges like Coinbase and FTX are actually the scummiest. How do you think they got that large in the first place? You think SBF went from 10 million NW to 10 billion in 3 years by acting with integrity? Impossible. Having been an OTC trader for like 8 years now I know so many other small exchanges, OTC traders, and BTM operators that are far more trustworthy than those big exchanges that will hide behind their TOS as they steal your money.
I've only ever used a BTM once - too often are they trying to charge 7% or more above market. Just not worth it.
BEST way to acquire bitcoin is to find a job that will pay you in bitcoin (there are websites for this). 2nd best way is to buy it directly from someone for cash (there are websites for this too). 3rd best way is to find a Bitcoin ATM (BTM) – preferably one that doesn’t require you to submit your ID. If all else fails you can buy from an exchange, but don’t leave your Bitcoin on there. Buy yourself a cold wallet and immediately transfer your coins to it.
Just an overpriced BTM but I guess props to JVille… Duuuuvallllll…
But I was referring to bitcoin ATM's, not regular ATM's, so there was a need for distinction. Just seemed short than to type out. But now look, you made me type it out anyway. I've seen others around here type BTM as well. Sorry that you didn't like it.
I recently saw a regular ATM at a deli/convenience store that had an option "buy/sell bitcoin" on the screen alongside regular banking options. Blew my mind. I asked the cashier to confirm it worked but he just went "Yah yah yah!" and clearly didn't understand what I said. I tried to test it out and it gave me an error. The spread was huge anyway, as it always is with BTM's. Tried to let the cashier know but once again, he didn't know what I was saying. Was going to add it to bitcoinatmradar but now I won't bother.
tldr; Bitcoin Depot is set to list on the Nasdaq under ticker symbol ‘BTM’ by Q1 2023 through an $855 million SPAC deal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Atlanta-based Bitcoin Depot has reached an agreement to merge with a special-purpose acquisition company (SPAC) in an $885 million deal in order to go public. Bitcoin Depot will trade on the Nasdaq under the ticker symbol BTM. Founded in 2016, Bitcoin Depot is one of the largest crypto ATM providers in North America, operating over 7,000 kiosk locations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
He had to spend all of yesterday doing just that. We sent the phone number along with the receipt of transaction to the police and the BTM people blocked their phone number but I’m assuming that they have the money and likely cashed out quickly
He sent cash though a BTM and into someone’s wallet. Is there nothing that can be done to track the people?
Yup!!! I think 19k is close to the BTM
They charged me ~$150 fee on a $600 transaction... I left a comment warning others about it on a BTM app, and soon after started getting endless foreigner insurance scam calls. Can't prove it was related but it sure seemed like retaliation
I’m therefore forking BTC into Bitcoin Mars (BTM). Gonna be big! Send money!
I remember when Chase did this last year. I told them to figure this shit out or I’m withdrawing any extra money and not looking back. They said I couldn’t buy BTC, I said I’ll withdraw the money using y’all’s atm and drive across the street to the BTM and buy it there.
Never trust a BTM that also does shitcoins.
"unlicensed" ATMs can easily be used to launder cash. I don't KNOW if OP was doing this, but if your on these boards long enough, you will eventually find ATMs that offer deals "too good to be true". Scam would work like this: 1. Take "dirty" drug cash and stock it in BTM 2. Offer "deals" on BTM to entice customers to convert your cash to BTC for you 3. Take BTC and begin a more effective digital laundering
Pretty sure that doing this is a business operation in the eyes of those laundering. The cost to launder is a huge factor, and BTM prices and relatively low KYC free limits stop this type of use. More likely that the laundering party owns the BTM.
First, every exchange has a different price, there isn't one "exchange rate" but using your number it's less than 10%, which isn't bad at all for a BTM. The company has huge overhead, so it's not even possible to come down close to what you get with online exchanges, there just isn't enough volume and those kiosks cost a lot of money and tie up cash for a period of time. A pro to using a BTM is often anonymity or immediate ownership. If you need or want one of these and the BTM offers it then the cost may be worth it. I'd like to mention that spread isn't used correctly in your post. A spread is the difference between buy and sell inside the same market. Many BTMs will use an exchange to find a price and alter both buy and sell equally. If the buy is 10% over the sell is 10% under, that actually makes a 20% spread. Not ask BTM operators do this, this one buys BTC for over market rate - and of course still sells it for more. https://btcmaine.com
Bitcoin ATM provider, Bitcoin of America, just announced that Shiba Inu will be the fifth cryptocurrency supported on the ATM (BTM) machines. 
some one got scammed in my city and they scammers used bitcoin. The cops took away the BTM machine thinking its the one that did the scam… We have long ways to go… It’s like when people get scammed by western union or banks atms, do the cops take those away? We even have “tech and cybersecurity” and even they don’t know this and the cops and everyone gets paid $$$$$$$$$$$$$ .
> So I have no other option. You can buy at many BTM's with just a phone and no age check. If your dad is using etoro you should warn him.
Most are buy only but some also do cash withdrawals. This company Nova BTM has almost all machines that do both.
Even then, go on a dex. Swap to Monero, something. It’s so blatantly stupid to get crypto seized when these idiots are going to KYC exchanges. Even a BTM would work lmao
The crypto communities around the world has been in a race for the least secure payment system for some time. Paralelni Polis in prague has been accepting a private key as a form of payment on their infamous Android 4.0 based terminals from the beginning. The largest BTM manufacturer in czech republic, General Bytes, has been fully supporting this madness by introducing an NFC capability, so that you can store your private key on a wireless-capable card. Recently, they've encouraged attendees of their conference to put their money in the hosted lndhub instance. Lndhub at that time did not even had a password protection. After seeing this pinnacle of fintech, a member of CZ/SK bitcoin community proceeded to open his lndhub instance for public and lost a bunch of money. Recently, I've came to the conclusion that when people call for freedom from regulations, they usually want to just hurt themselves and people around them, instead of innovate. Guys like this couldn't possibly do more to harm the bitcoin's public perception.
Look around the house for USB devices like the Ledger, Trezor, or ColdCard. Check any flash drives or hard drives or SSDs on his computers for wallet software. Look for lists of seemingly random words among his papers (likely hidden), with either 12, 18, 24, or 25 words. If the BTM receipts show a destination address (usually beginning with a 1, 3, or bc1) then look for those addresses with a blockchain explorer to see if the funds are still on them or were moved around -- if they were moved around repeatedly, your father may have been purchasing stuff, whereas if they are still on those addresses he may have been hodling. Unfortunately, if he followed even minimal security procedures, with no last will or other documentation, it's likely that the Bitcoin will never be accessible.
You are on about 9 cameras just walking up to an ATM. No it probably doesn't have facial recognition but you are being recorded doing what you're doing. You'd have to research local BTM's to see what info they require. It varies.
For exchanges? Cro is winning for sure. Coins? Ada lost the hype now but they might pick up again. Algorand’s been picking up outdoor advertisements. I see Tezos occasionally now too. Bitcoin? Idk they just put up a BTM and nobody uses it
Just a bit of advice. My 15 year old has handed me fiat and asked me to invest in Bitcoin on his behalf. It’s much cheaper to buy from an exchange than a BTM. Convince an adult to buy it for you.
you're not wrong, but keep in mind some of my coins listed (AIB, ARG, BCN, BTM, GLT, LEAF, NYC, PTC, SXC, VIA, VTHO, XMY) were merge mined and may only be worth a few bucks. Still would like to take advantage of any opportunities regardless!
Use Bitcoin to make purchases on the internet. Lots of download sites accept it. Some merchant sites do too. If you buy Bitcoin originally without undergoing identification procedures (KYC) then you can send money anonymously to anyone you want -- random stranger running a website you like, the Taliban, Edward Snowden. No government can block you (yet). Just keep any excess that you didn't spend in a way that continues to be anonymous. Use Bitcoin to travel and avoid currency exchange ripoffs when you travel. Sure, cashing out at a BTM might cost you 10%, but it's possible to find a local who wants to buy and get fair market value, especially if you arrange this ahead of time. Use Bitcoin to avoid financial surveillance by the credit card companies and governments. Helps if you got it anonymously, but even if not, it's at least harder for them to track you than it is for them to track your credit cards. Use Bitcoin to avoid being de-banked by the woke mob if they come after you. Just look at the last couple of years of psychotic assholes on the internet demanding that companies stop providing basic business services to people they decide they hate -- General Michael Flynn and Andrew Torba for two examples. > If it's a hedge against inflation, I'm a fan. If it's a way to avoid supporting banks, I'm a fan. What are some other reasons, and am I correct in thinking those two first points are real?
New Black Swan Bitcoin ATM in San Francisco! The Black Swan Bitcoin ATM is located inside of the 2524 Mission #BTM in San Fransisco California. You can buy Bitcoin with cash and receive it instantly at this location using a Bitcoin ATM.
You don’t, throw it in Monero and tell no one. Or just find a BTM and take it out into ol’ smackaroos under $900 to avoid KYC bit by bit
Thanks OP. Not interested in BTM, but I am looking forward to another small cap gem review, and I appreciate your work:)
Nope, its better to buy on peer 2 peer exchanges, BTM, or [localcryptos.com](https://localcryptos.com) so you can get your BTC without KYC. While it might cost more, it will cost a lot less when you cash out the same way and forget to pay cap gains
I've never seen a BTM that had two-way functionality. Whatever you deposit gets fees subtracted and then whatever value remaining is sent to you as BTC. Even if you find a two-way BTM, it's going to have only one or two denominations of bills that it gives out, most likely $20's and $100's.
I haven't come across a BTM that does that but that would work. Cover cameras.
Swiss Rail has been selling it for a while with BTM
That may be true, but Athena isn't run by the government. I'm guessing OP used a Chivo wallet with an Athena BTM.
The hardest part about running a BTM is figuring out the placement of your next unit.
BTM is the abbreviation for Narcotics in German
The amount of times you mentioned BTM was overwhelming. Like, seriously.
Hey - I know this is an old post, however if you are interested still or if anyone on this thread is, I am a BTM compliance officer and work for a company that does all the regulatory work for you and for a good price. Would love to talk more. ​ Here is the info:[https://www.btmcompliance.com](https://www.btmcompliance.com)
tldr; Bitcoin of America recently announced the addition of Ethereum to their Bitcoin ATM machines (BTMs). Bitcoin of America has 1300 BTMs across 31 states and offers Bitcoin and Litecoin options online and at their BTM locations. To find a BTM you can visit their website and enter in your address to find one near you. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Bitcoin of America recognized the growing popularity of the cryptocurrency Ethereum and decided it was time to include it in their Bitcoin ATMs. To date, Bitcoin of America has 1300 plus BTMs across 31 states. Bitcoin of America also offers Bitcoin and Litecoin options online and at their BTM locations."
Ask u/TerribleD where his full of shit ass found this magic BTM https://www.reddit.com/r/Bitcoin/comments/pid2fs/i_quit_coinbase_and_am_now_buying_from_atms_only/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
It's not impossible. Simple solution: 1. buy from anyone without KYC: a. buy it from a BTM that doesn't ask for it b. buy it from an individual c. pay someone else to do the KYC for you 2. HODL 3. after the Bitcoin increases in value, sell without KYC: a. to an individual b. spend in a country where it doesn't get taxed, e.g., El Salvador c. use hard-to-trace spending over LN d. use privacy-oriented spending features that may be developed some day Buying with KYC is the default today, but it's entirely possible to obtain Bitcoin with absolutely no one knowing about it. Cashing out through a KYC'ed exchange is what a lot of people do, but it's not mandatory and probably never will be worldwide.
I’m confused now have you never heard of a BTM? - there is no coherent argument you are making- we are gonna agree to disagree since you have no cited arguments and just throw jargon and China out here for my entertainment lmfao
tldr; Bitcoin ATMs are a way to buy or cash out Bitcoin (BTC) and other cryptocurrencies bypassing the traditional banking system. Buying or cashing out cryptocurrency via a Bitcoin ATM is like withdrawing cash from a regular card. In countries where cryptocurrencies are regulated by law, in order to use the BTM, you may have to pass identification. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*