Kwik Trip To Install 800 New Bitcoin ATM

[Wiwo]

It would have been an overly great news if it weren't the 11% fees.
That's too much, especially as I expect KYC also become - sooner or later - mandatory for all amounts, hence even more premium as taxes.

When it comes to Coinsource, the ones that are providing the ATMs it's even worse:

https://www.coinsource.net/faqs

Do I have to create an account with Coinsource before using a Coinsource Bitcoin ATM?

Yes. As the world’s largest Bitcoin ATM operator, Coinsource is nationally licensed and federally regulated which requires proper ID verification of our customers. Coinsource does not share or sell any information whatsoever to 3rd parties.

So you can't even try to fool it once or twice by buying two beers the guys loitering around the stores or any other trick, you need a full verified account that will track all your purchases.

Yeah giving away our privacy is one of the worst experiences where all our transactions can be tracked and not only that you pay high transactions fees of up to 11 % which is insane to me, come to think of it does one even need a Bitcoin ATM what of if our identity get sold out to criminals. This will be a wired experience

[romero121]

It would have been an overly great news if it weren't the 11% fees.
That's too much, especially as I expect KYC also become - sooner or later - mandatory for all amounts, hence even more premium as taxes.

When it comes to Coinsource, the ones that are providing the ATMs it's even worse:

https://www.coinsource.net/faqs

Do I have to create an account with Coinsource before using a Coinsource Bitcoin ATM?

Yes. As the world’s largest Bitcoin ATM operator, Coinsource is nationally licensed and federally regulated which requires proper ID verification of our customers. Coinsource does not share or sell any information whatsoever to 3rd parties.

So you can't even try to fool it once or twice by buying two beers the guys loitering around the stores or any other trick, you need a full verified account that will track all your purchases.

Yeah giving away our privacy is one of the worst experiences where all our transactions can be tracked and not only that you pay high transactions fees of up to 11 % which is insane to me, come to think of it does one even need a Bitcoin ATM what of if our identity get sold out to criminals. This will be a wired experience

To overcome the privacy issues, the platforms can come up with KYC free Bitcoin ATMs. Maybe this will affect the taxation of the government. However in a country where cryptocurrency is regulated doesn't look to be a big deal. Because, even if we go on an exchange for buying bitcoin this is gonna request KYC. Also, a diversified installation needs to be done than getting stagnant over some specific region.

[blockman]

I think it's good to see that more bitcoin ATMs are spreading despite the fees. We, those who have been in the market for years, we understand how high the fee is. But I think we're not their target market and it's most likely the newbies that are amazed and appreciates this new tech since they're still new. Also, when you're near one of them, you have the option if something goes wrong with your exchange and there's surprise maintenance and you can't exchange. It's just like an option though. Honestly, I want to start this type of business since there's still no one to be found here in my area.

[PrivacyG]

To overcome the privacy issues, the platforms can come up with KYC free Bitcoin ATMs. Maybe this will affect the taxation of the government. However in a country where cryptocurrency is regulated doesn't look to be a big deal.

Only if it was as simple as saying no to KYC.  KYC is now part of the legislation in some countries or areas, it is not something you have the option to accept or deny.  Also, it is a big deal particularly in the countries where cryptocurrencies ARE regulated.  That is where they tell you if KYC is mandatory.  Regulations.

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Regards,
PrivacyG