The price difference of each ATM is too high. I wonder what is the difference between a $20,000 and a $1,900 bitcoin ATM. Or is it just those two ways ATM that are more expensive?
what are two way atm's? btc to fiat and fiat to crypto? if that is then they can add a price on it because this was still an extra feature and its useful . operators can more of it compare to a normal atm because people are gonna use it more to withdraw to and to cash in fiat to btc . quality of the atm is also behind of the price difference . good quality is equals to high price and low to mid quality are more cheaper .
Correct. There are some ATMs that are two way, which means you can buy and sell crypto currencies.
there name looks like a joke and untrusted , no wonder why they are illegal . if the name is shitcoin , does it mean they also sell shitcoin inside this atm ?
Not really. I doubt any ATMs would sell shit coins. Too risky for them. As far as I have heard, shitcoinclub were one of the ATMs with a very low and a reasonable fee. Too bad none of them operates where I live. And their name has nothing to do with shitcoins. There are actually very popular in Europe because of their fees and very low KYC requirements.
I don't understand what kind of KYC verification users will have to pass when using Bitcoin ATM? Can anyone enlighten me in this case?
Like malevolent said, depends from country to country and the amount you want to withdraw. So far I just had to do phone verification and ID scanning (for high withdrawals). Used ATMs that had fingerprints, but never had to provide any.