Post
Topic
Board Bitcoin Discussion
Re: bit coin atms better way for privacy?
by
Mahiyammahi
on 06/07/2025, 05:29:41 UTC
Bitcoin ATM sucks, don't forget Bitcoin was created with the goal of executing a p2p transaction seamlessly and anonymously. Most Bitcoin ATMs charge from 7% - 20% in fees which is far from being fair. Most of them even require KYC. If you cannot find a person within your neighborhood to exchange cash for Bitcoin then consider p2p decentralized exchanages likes HodlHodl or Robosats which aligns well with Bitcoin founding principles. Never sell your identity just to get Bitcoin it never ends well.

I never had a chance to use Bitcoin ATM my real life. But if it's need tight KYC with 7-20% then what's the difference between Banks & Bitcoin. In banks it's safer everyone has a account, but if I go to Bitcoin ATM rn it might impose a bad impression on me. Revealing my self I'm a bitcoin holder , some bad folks might think I've got plenty and hope no disaster falls upon.

Bitcoin was created to stay anonymous and seamless transaction peer to peer. Ig rather than our bitcoin to money conversion wee need to accept bitcoin as a currency well that was the whole point of it from the start right.