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?
USA here and it depends on the company setting the standards for their machines. Some require KYC to buy small amounts of BTC while others are less demanding. Similar for getting cash they are not all the same.
As in the case of Philippines, there are currently only two (2) bitcoin ATMs available and I heard that the system seems to be buggy with errors. Most of the time, it is unavailable and out of service but if you stumble across one, I would suggest to avoid it. The rates and fees are too high in order to withdraw some of your funds. If you are really desperate, I would suggest to check first your local bitcoin exchange platform and see their available services for withdrawing.
Like what most people have mentioned, travelling abroad and supplying your details with their KYC requirement may be a bad idea that may put yourself at risk. Anything that is related to your information can be used against you especially that these ATMs are not regulated by the government.