Bitcoin ATM

[TastyChillySauce00]

They don’t ask for it when the amount is low, but I assume they secretly take thecamera picture even in that case. This is just my assumption anyway, because I always expect the worst and prepare for it. ^{Better to be safe than sorry, so to say}. But I must say that buying or selling crypto at an ATM is my last option, since the fees involved are very high compared with other available options.

I don't believe if they don't just record your entire act of using bitcoin ATM more than just taking camera picture. Companies always do this and they retain the file for documentation purpose if something arise in the future.
If that is the case around the world, bitcoin ATM will be a massive dealbreaker for it to get your face exposed and still pay the high 5% fee on top of that which is crazy.I don't think it's worth it, do people really use this when they can withdraw from exchange to their bank account in under 2 minutes?

I just find the entire bitcoin ATM business doesn't really have place in the market with all that disadvantages.

[Onyeeze]

Do you know that bitcoin ATM machine is not being manufactured by one company so as it's not to be manufactured by one company they have different functions encode by the company policy, so each company will have their rules and the regulation and that is why you will see that different ATM bitcoin machine have different functionalities, another thing that is important is that most of the machines that come from different companies have a similar transaction processes for that does not mean that all the functions are the same so we don't need to agree with you that bitcoin ATM machines work as the same

[NorthBean]

Do you know that bitcoin ATM machine is not being manufactured by one company so as it's not to be manufactured by one company they have different functions encode by the company policy, so each company will have their rules and the regulation and that is why you will see that different ATM bitcoin machine have different functionalities, another thing that is important is that most of the machines that come from different companies have a similar transaction processes for that does not mean that all the functions are the same so we don't need to agree with you that bitcoin ATM machines work as the same

Different but same.  Most companies would be building for mass use around the globe and the policies around bitcoin around unifying quickly. When you are generically speaking about a local, they tend to all have the same operating factors around Anti money laundering and Know Your Client.   Reason I asked for global, is to see if anything new is coming down the pipes.
Here in my country I have noticed a trend of dropping the amount you can get for sms verification from 1k to around $250.

[NotATether]

its a noob-trap, designed for people who want instant gratification and are willing to pay for it with their money and their data. I'd just find a P2P market like Bisq or Hodl Hodl, or buy from a friend.

The 'convenience' isn't worth the cost (for some).

It makes me wonder whether it is possible to design a compliant (with regulations) Bitcoin ATM machine that doesn't massively rip off customers with the rate. Has anyone ever tried this before? Or has the industry become too monopolized to succeed like that?