I am very aware of the often exorbitant fees and transaction costs associated with buying cryptocurrency through the ATMs in convenience stores and gas stations. Other than scammers who pose as law enforcement for government officials to get their victims to pay fines and transfer money, who uses these machines and for what purposes? Several cities and states here in the US have banned them entirely. My question is, other than the kiosk operators, who will be negatively impacted by not having them available?
Who uses crypto kiosk / ATMs?
byu/Skiptownes98277 inCryptoCurrency
Posted by Skiptownes98277
3 Comments
There is/was atleast one brand of crypto atm that didn’t require ID until like $750 or something, so you could walk up with cash and a valid phone number and get bitcoin. Other than that, I can’t see any actual reason to use it besides lack of knowledge
scammers?
Honestly? Thieves and petty criminals. Take a look at where the ATMs are located in your city. Not the best of areas. Smash, grab, and offload the evidence into a digital wallet asap.
Problem is tracking firms can easily find that shit afterwards.