Post
Topic
Board Bitcoin Discussion
Re: A Smart Move or a Security Risk?
by
SquirrelJulietGarden
on 09/02/2025, 16:12:54 UTC
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.
With Bitcoin ATMs, two biggest things you have to accept.

KYC.
Expensive fee.

If you are ok with KYC and expensive fee, you can use Bitcoin ATM, and even you don't care about KYC, the expensive fee is very big challenge. No one are happy to overpay fee at very expensive rate when you can have much cheaper fees from other options. Bitcoin ATMs won't refund you, so if you are not aware about expensive fee, when you pay it, you are done and lost it forever.

Bitcoin ATM Deposit Exchange Rate shocks