Post
Topic
Board Bitcoin Discussion
Re: A Smart Move or a Security Risk?
by
SFR10
on 10/02/2025, 14:16:28 UTC
However, there is a downside. They will need more security. We have heard stories of criminals stealing Bitcoin ATMs. There is also a risk that criminals might follow people home after using the ATM to try and steal their Bitcoin.
...
Do you think that this is a smart move or security concern?
It's worth noting that every single time that we step out of the house, there's a risk that something bad could happen, so it doesn't matter if we use various kinds of ATMs or not... Concerning the security risks of using BTMs in Costco stores, if it isn't placed near the entrance or outside the store, it can minimize its risk [assuming that there are adequate security measures to protect its users] and for those who are planning to use BTMs, it'd be better to go in groups or at least carry a registered firearm.

Whereas, the one coming from a Bitcoin ATM isn't carrying actual coins with him/her. The robber might have to torture him/her first. That's an additional hassle.
BTMs can be one-way or two-way and the LibertyX one allows its users to "sell their Bitcoin for cash".

It is a smart move as option on the phase that it would reduce reduce transaction fees and maximizes usability to faster transaction processes
I'm not sure why you think it can reduce transaction fees, but it's worth noting that, almost all BTMs charge ridiculous fees!