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Scraped on 18/07/2025, 03:32:50 UTC
Try to to p2p you will get slammed with fees using bitcoin atm
Waitasec....weren't you an ardent supporter of BTCATMs not too long ago?
You might still be, or I might have you confused with someone else (though I don't think so), but either way you're right about fees. I get this is an old thread, but I was going through your post history and wanted to write something about OP's question and your response.
There might be great ways to buy bitcoin anonymously, but I've never found a method that's safe in that regard and convenient. But jumping back to BTCATMs, some of them don't require a lot of information from customers buying small amounts....although there's always a camera, always. For those out there who've never used one, it can be a cool experience but unless you buy, hold, and the price of bitcoin should happen to skyrocket past what you bought your bitcoin at the ATM at (fees included), it's not viable for buying long-term.
Then again, there was a time a few years ago when you could have bought bitcoin using one of those machines and you'd be into some serious profit right now--I'm talking about before the price shot up past $100k. Anyway.
What if KYC is not needed for them, if we get the question of fees out of the situation? 
What if, what if...
Bitcoin is and has been highly scrutinized for years now, and there's no way any legitimate ATM operator is going to get away with granting low fees and maximum privacy to the people who use their machines. That's not the world we live in, unfortunately.
Yeah I mean I know a lot about them, I used to help operators plant these suckers like farmers in the spring time at the end of winter! I would help to supply the data and routers for their network. I'm out of that now for many years. Bitcoin ATMs are a huge rip off but hey they are convenient for basically anything if you dont mind 20% feel AND overpaying by like 10k on a jacked up bitcoin price, which most operators do. Coin atm radar and coinmap.org will give you tons of info. Personally im really loving the goldback ATMs from BTM operator Bitstop/Genmega. One day I'd love to see these distribute notes like Polymerbit's. That would be so cool... but back to Bitcoin ATMs, the feds Crack down quick on the operators who try to rig the AML and KYC requirements.
Original archived Re: bit coin atms better way for privacy?
Scraped on 18/07/2025, 03:28:10 UTC
Try to to p2p you will get slammed with fees using bitcoin atm
Waitasec....weren't you an ardent supporter of BTCATMs not too long ago?
You might still be, or I might have you confused with someone else (though I don't think so), but either way you're right about fees. I get this is an old thread, but I was going through your post history and wanted to write something about OP's question and your response.
There might be great ways to buy bitcoin anonymously, but I've never found a method that's safe in that regard and convenient. But jumping back to BTCATMs, some of them don't require a lot of information from customers buying small amounts....although there's always a camera, always. For those out there who've never used one, it can be a cool experience but unless you buy, hold, and the price of bitcoin should happen to skyrocket past what you bought your bitcoin at the ATM at (fees included), it's not viable for buying long-term.
Then again, there was a time a few years ago when you could have bought bitcoin using one of those machines and you'd be into some serious profit right now--I'm talking about before the price shot up past $100k. Anyway.
What if KYC is not needed for them, if we get the question of fees out of the situation?
What if, what if...
Bitcoin is and has been highly scrutinized for years now, and there's no way any legitimate ATM operator is going to get away with granting low fees and maximum privacy to the people who use their machines. That's not the world we live in, unfortunately.
Yeah I mean I know a lot about them, I used to help operators plant these suckers like farmers in the spring time at the end of winter! I would help to supply the data and routers for their network. I'm out of that now for many years. Bitcoin ATMs are a huge rip off but hey they are convenient for basically anything if you dont mind 20% feel AND overpaying by like 10k on a jacked up bitcoin price, which most operators do. Coin atm radar and coinmap.org will give you tons of info. Personally im really loving the goldback ATMs from BTM operator Bitstop/Genmega. One day I'd love to see these distribute notes like Polymerbit's. That would be so cool