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Author Topic: Bitcoin ATMs – how it works and KYC compliance  (Read 119 times)
florianuhlemann
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July 26, 2018, 11:57:47 AM
 #21

I think it is very convenient, at least as an experiment, because for many Bitcoin is something that is on the Internet, and in their opinion, it is not related to real life

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August 01, 2018, 12:06:14 PM
 #22

I've seen some of them in NYC but never actually had a chance to use them. I heard it's quite expensive to withdraw money from them.
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August 01, 2018, 12:21:53 PM
 #23

I've seen some of them in NYC but never actually had a chance to use them. I heard it's quite expensive to withdraw money from them.

The bitcoin ATM's I've seen in person have had ridiculous fees.  ATMs are great for mainstream adoption and getting beginners started in crypto but no serious investor would use one of these.  I've been quite surprised to see bitcoin ATMs in very small towns I have visited.

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August 01, 2018, 12:28:24 PM
 #24

I wonder if the camera is on ATM BTC how on ATM for cash?
Do they use personal data, the same photos for example.
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August 01, 2018, 12:33:20 PM
 #25

This information is worth it. Most interesting will be to have bitcoin ATMs in most of the countries even in the crypto resisting nations like India etc.
daviddaniels
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August 07, 2018, 11:50:05 AM
 #26

This information is worth it. Most interesting will be to have bitcoin ATMs in most of the countries even in the crypto resisting nations like India etc.

Yeah thats the thing. It will take time for the third world countries like India to recognize bitcoin as a legitimate currency.
Goodday
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August 07, 2018, 06:03:19 PM
 #27

I think maybe compliance in every company usually has every bank that has nodes with full blockchain copies of hashes every bitcoin coinource network coinource works with multi-factor acuant authentication Bitcoin ATM is a service that allows users to buy and sell Bitcoin using cash.
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