Post
Topic
Board Legal
Re: How is KYC enforced in Bitcoin ATMs worldwide?
by
magneto
on 20/01/2020, 23:53:44 UTC
How should i prepare on this while travelling? They just placed KYC in Btc ATMs here in Finland, and i either need to have a previously registered Coinmotion account with kyc, or have online banking codes to withdraw any money.

So i am interested in how much i can rely on Btc ATMs with travelling on some other country and can i rely my Finnish online bank codes working as kyc or do i need to prepare somehow?

I suggest that you don't rely on them at all.

From what I've heard from most countries, it seems like that almost all of them have some sort of KYC restriction placed on users and that is unavoidable given the fact that bitcoin ATMs are a subject of regulation in the majority of countries.

You should just look on Localbitcoins for cash deposits trades, I find that is the best possible way to get a decent rate while not worrying to have to travel far for a Bitcoin ATM that may not even be available without KYC.