pull down to refresh
15 sats \ 7 replies \ @kilianbuhn 22h \ on: The scene of Bitcoin ATMs in the USA and in the world? Are they Safe to use? bitcoin_beginners
There are ATMs that claim to be KYC free but they really aren't because they want you to recieve an SMS with a security pin code to unlock the ATM. If they have your phone number, it's not kyc free.
Do all the ATMs require the phone number?
reply
All the ATMs from one country will have more or less the same level of KYC.
If a Bitcoin ATM in Frankfurt, Germany needs phone number or bank transfer, you will not find a Bitcoin ATM in Berlin, Germany that's completely kyc free.
If a Bitcoin ATM in London, Britain requires complete full KYC with online account, you will not find a KYC free ATM in Bristol, Britain.
reply
Shitcoins.club ATMs allow to transact without KYC up until a certain limit (about $1000 per day, I think).
No need to give out a phone number. Once you send to the address (when selling), it gives you a paper slip that you can come to redeem with after some block confirmations.
They’re quite common in Europe (I’ve used them in Spain and Bulgaria), but I think they’re in Latin America too at least.
reply
Shitcoins.club ATMs allow to transact without KYC up until a certain limit
Not anymore... sadly.
"As of 1/01/2025, it is mandatory to scan the identity document for any amount, both in case of purchase or sale of cryptocurrencies."
The text is from the official site.
reply
Sadly indeed. I managed to still use their ATMs on the 2nd week of January without identity verification. Maybe it will take time to update all machines.
reply
interesting... you used ATM to redeem euro for the bitcoin you sold?
reply
Yeah, paying with physical cash is still common in Eastern Europe
reply