What are your thoughts on BTC ATMs?

By cryotosensei | CryptoSensei | 17 Aug 2023

I know that BTC ATMs are criminal. They sell Bitcoin at $50k, have ridiculous spreads and charge at least 10% fees. Plus, it’s not true that you don’t need KYC in order to buy BTC from them. While you can indeed buy it without KYC in countries like Spain, Czech Republic and El Salvador, ATMs in other countries need you to set up an account, complete with photo verification.   But it seems that such ATMs are common in countries like the United States and Canada. People find them quite easily at liquor stores, gas stations and convenience stores. Do you think that they are good training wheels for people who are interested to get started on Bitcoin but are very resistant to learning how to on-ramp and off-ramp it via exchanges? So that they can gradually move on to getting wallets, with practising self-custody as the eventual goal?   originally posted on Stacker News

How do you rate this article?



budding investor


chronicles of an English teacher

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.