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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
4421 ATMS in 77 different countries – https://coinatmradar.com/
Genesis BTC ATM machines: https://bitcoinatm.com/
BTC ATM in Cornwall: https://www.cornwalllive.com/news/cornwall-news/bitcoin-now-sale-through-machine-910534
Coinflip ATMs for purchasing BTC:
So if you have found a BTC ATM near you and you’re curious or if you’re looking for other options to buy or sell bitcoin, here are some things that are worth taking into consideration:
4421 ATMS in 77 different countries
Lots to be found in the US across Europe and Russia. There is not as many in China as I expected to find and it looks like the ATMs to be found in Australia are on the East coast. Also it looks like there is plenty of potential for growth across all of Africa and South America.
You will be subject to the regulations of the county in which the ATM is located. So if you are in the U.S. for example you may be required to provide your first and last name and phone number.
The ATM might have high commission rates and the price of Bitcoin if you’re buying could be priced at $50 over spot.
BTC ATM machines made by the Genesis company are equipped with high definition cameras.
These are used for reading the QR codes but for those who are looking to lock down your anonymity in every way, these might not be so good for that.
Also you should be aware that not every BTC ATM is created equal.
There are two types of BTC ATMs. They can be cash kiosks or proper ATMs. Depending on the type you are working with, the machine might not accept cash deposits and it might not allow you to withdraw cash for your BTC. If this is the case, that particular machine is not a cash kiosk and it is instead a proper ATM meaning it will connect directly to your bank account and you can conduct cashless transactions. Again, depending on your anonymity comfort level, this may or may not work for you.
I found a decent video that goes over how to use one particular BTC ATM provided by CoinFlip. For those who feel more comfortable seeing exactly what can be expected of this experience in the U.S., this is a great tool.
There are other tools that allow you to purchase BTC without giving away your identity, one of which is provided by the company Azteco this one is still pretty new and I’m not entirely sure where you can use this service, but regardless I’ll provide a link to this one down in the description so you can check it out and keep it on your radar as well.
In addition to all of this I want to encourage you to always be vigilant of your surroundings, be aware of who is nearby, and always be discrete when it comes to handling money in public, don’t make yourself a target.
If you’ve used a BTC ATM to purchase or sell BTC please leave a comment down below and let us know how it went and if you’d do it again.