All require at least an SMS for smaller amounts, all then require ID verification for larger amounts.
The ID verification amount really depends on the ATM operator and the state that the machine is operating in.
There are a lot of other ways to get BTC for cash. Even localcryptos.com is probably a better way if you have a place to meet that you feel safe.
-Dave
Yeah, I heard there used to be ATMs (or exchanges) back long ago that didn't require anything. guess those are long gone. I figured maybe some nations might still have some
but yeah I guess I should just figure out some driving to local crypto. I'm slightly scared of the idea someone could rip me off.
seller "Hey, I'll give you .01 btc for cash.
Me okay cool here you go.
seller "Here you go, dont worry its gonna take 20 mins but you got it"
Me: Okay sure.
"Guy leaves"
It never arrives.
Idk, I guess it's just like I show the money, then, they give the btc, we both wait for the transaction then when clears give cash? Like sometimes it can take awhile. Idk
There is that risk I can be mitigated a few ways.
If you deal with someone with a high enough feedback the risk is less. If they have been on a site like localcryptos.com / paxful / whatever for years, and built up a high feedback and trust they are less likely to want to do something to damage it.
Also, most (all?) of the sites do escrow. The seller puts the
BTC into escrow, once they have the cash they give you a code to release it. Once you verify the code is good and for the proper amount, you shake hands and they leave. The site, doing the escrow takes it from there. The other person cannot take it back.
Or, this is why when I do public meets to trade it's in a coffee shop or restaurant you can have a drink and wait for the conformation if you are not using an escrow.
Also, and this is just me, when GETTING money from people for crypto, I tend to want to meet in a casino. You can take a few random bills and put them into a machine.
Best counterfeit detection out there are casino slots.....
-Dave