Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Would a non-custodial Bitcoin ATM be possible?
by
DubemIfedigbo001
on 06/08/2025, 04:02:52 UTC
⭐ Merited by d5000 (2)
Two things could happen now:

- If the order is filled, the buyer would get the Bitcoins. The seller would get a code for the ATM and would have access to the compartment where the buyer deposited the cash.
- If the order is not filled after a time frame (e.g. 24 hours) the order would be cancelled, and the buyer would get the code for the ATM and could withdraw the cash again.

Thus, the company operating the ATM would be a cash custodian, not a Bitcoin custodian, because the Bitcoins never leave the buyers/sellers addresses (only they can use the Bisq escrow). In some countries depending on the specific regulation that wouldn't make much of a difference, while in others, they could perhaps operate like lockers at train stations. 
In all happening I did not see the provision for the company offering such services getting incentive from the whole buildup, unless of course the cash vault releases slightly less the amount to the seller as a fee, secondly in a country that taxes crypto transactions, would you deduct the tax from your design before handing the cash to the seller assuming there is no way his identity is saved?

For the Buyer who gets the funds released to him when order finally gets filled, I do not see how the system benefits from his purchase too unless it owns a mining firm and includes all transactions in their node thereby profiting from the transaction fees.

Quote
Dumb idea? Does that already exist? It's only a theoretical concept, ideas are welcome Smiley
I think this is a great step towards achieving something great. Ideas are refined continuously until they look very innovative and practical.