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The scene of Bitcoin ATMs in the USA and in the world? Are they Safe to use?
162 sats \ 17 comments \ @IamSINGLE 15h bitcoin_beginners
I came across Libertyx and Costco xweet saying that Bitcoin ATMs are popping up across all of USA, I was surprised to look at the numbers there. It said....
LibertyX launched America's first bitcoin ATM in 2013 and we've never looked back. Today our software powers the largest U.S. network of bitcoin ATMs, cashiers, and kiosks with over 30,000 ATMs and retail stores nationwide.
Is it a reality that a single company has thos many ATMs across USA?
I think there must be others as well. So, this is kinda astonishing to see on coinatmradar that there are only 29636 Bitcoin ATMs across USA.
So, who's a liar Libertyx or Coinatmradar?
Still a big number!!
Sad India has No Bitcoin ATM!!
But I've allso listened that scammers have used them to steal Bitcoins from them.
All of this brings me to ask a few questions:
Do you have Bitcoin ATMs in your Country?
Have you ever used them?
Are they safe enough to use?
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69 sats \ 1 reply \ @Wumbo 15h
Is it a reality that a single company has thos many ATMs across USA?
I have noticed that some of the ATM machines are branded with another company logo when I have seen them in the wild.
I don't know if this because they have been bought by another company and they didn't spend time and money to change the graphics on the machine.
Are they safe enough to use?
Different machines will have different KYC requirements. Find one that does not require any info.
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0 sats \ 0 replies \ @kilianbuhn 14h
Different machines will have different KYC requirements. Find one that does not require any info
more like find a country than find a machine. 💁🏻‍♀️
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19 sats \ 1 reply \ @clr 14h
LibertyX has not listed their ATMs on CoinATMRadar. So both figures can be true and nobody has to be lying.
I have used bitcoin ATMs in Europe. Once, the communications went down while I was still inserting the bills. I contacted support and they already knew the correct amount I had inserted. In a few hours they sent the bitcoin, no problem. They can be a bit pricey, but they are a good way to convert bitcoin to/from fiat in countries where they don't require identification.
Regarding scams, it's not really the ATM operator's fault, but usually they have prominent warnings displayed.
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20 sats \ 0 replies \ @IamSINGLE OP 14h
Thanks for the info about Europe. Which country has most favourable conditions right now?
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19 sats \ 0 replies \ @Mumbo 14h
The markup is way too much, but if you're hodling long term, then it should work out anyway I guess.
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19 sats \ 4 replies \ @k00b 14h
Third parties likely have less accurate data.
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20 sats \ 3 replies \ @IamSINGLE OP 14h
That means the data by Libertyx should be correct.
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0 sats \ 2 replies \ @k00b 14h
Doing is harder than shoulding.
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20 sats \ 1 reply \ @IamSINGLE OP 14h
What's shoulding? Sorry, even after the search I couldnt get the meaning in the context.
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19 sats \ 0 replies \ @john_doe 12h
From ChatGPT: "Doing is harder than shoulding" is a phrase that contrasts action with intention or expectation.
  • Doing refers to actually taking action and accomplishing a task or goal.
  • Shoulding refers to saying or thinking, "I should do this," without taking any real action.
The phrase suggests that it's easy to think about what we should do but much harder to take action and follow through. It highlights the gap between intention and execution, emphasizing that real progress or change requires effort and action, not just thoughts or plans.
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15 sats \ 4 replies \ @kilianbuhn 14h
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.
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20 sats \ 1 reply \ @IamSINGLE OP 14h
Do all the ATMs require the phone number?
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0 sats \ 0 replies \ @kilianbuhn 14h
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.
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9 sats \ 1 reply \ @teemupleb 10h
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.
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0 sats \ 0 replies \ @Bell_curve 10h
interesting... you used ATM to redeem euro for the bitcoin you sold?
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0 sats \ 0 replies \ @nitter 15h bot
https://xcancel.com/TheBitcoinConf/status/1886849162471162235
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0 sats \ 0 replies \ @Silvarrion 13h freebie
In Austria, we had some Crypto ATMs, but I'm not 100% sure that they still work. I probably would never try one.