Post
Topic
Board Bitcoin Discussion
Re: A Smart Move or a Security Risk?
by
Oluwa-btc
on 09/02/2025, 15:14:21 UTC
Bitcoin ATMs are known for their high prices, like they sell far above what Bitcoin is being sold for in the open market, so if they can pull that up by implementing that in all their stores, then it's obvious that profit is what they will make exactly.

I have not read stories of Bitcoin ATMs being hijacked. How exactly will they benefit from doing that since the machine is not like a cash ATM where things are stored inside unless they will somehow tamper with the program in order to steal from the machine without making an actual payment, or is their target the cash buyers who use it to buy bitcoin?

I sorta feel like it's a personal decision to make,having a Bitcoin ATM can be beneficial and risky too.For some reasons, having a Bitcoin ATM can also serve as a big risk,as in security risk.Whereby such ATM's can be vulnerable to theft and funds vandalization.
Bitcoin's ATM's are not easily issued to customers and even maintained unlike Fiat ATM's,considering the intermediaries involved, wanting a Bitcoin ATM vary vastly from Fiat ATM's ranging from location, ATM's charging fees and verification.

They're used almost for the same purposes but there's an insignificant differenciation in their adoption and usage.