Post
Topic
Board Legal
Re: How is KYC enforced in Bitcoin ATMs worldwide?
by
malevolent
on 31/01/2020, 03:20:40 UTC
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.

I just checked on coinatmradar, there actually are only two Bitcoin ATMs in the Philippines. Are there any specific regulations which make running such as business next to impossible? In a country of >100M there must be demand for more of such ATMs. And one of the two seems to require a bank account...