Is it possible to buy BTC in cash at Madrid’s ATM ?

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: ChuckBuck on March 27, 2020, 12:36:24 AM

Not depending on the supplier, OP refers to the purchase of BTC by ATM, the legal purchase of BTC will require certainly the identity of the buyer, ID card, passport or license drive, certainly must provide one of them. High costs are also understandable.

I know some people who bought from ATM's without any additional form of ID scanning, although that wasn't in spain so the operating laws might be different, again, i don't know if kyc is required for certain countries, but when i look at coinatmradar.com i also still see quite a few atm's which have ("NO VERIFICATIONS") in their bio (In my country of residence.), Though I guess if you use SEPA to make purchases your identity is also revealed/can be tracked.

I might be wrong though, and it very likely doesn't apply to OP's situation, so it's definitely smart to bring an ID if it's not explicitely mentioned on coinatmradar.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: DdmrDdmr on March 27, 2020, 03:35:21 AM

Model type and placement way well be something to consider beforehand (see https://bitcointalksearch.org/topic/m.53971190).

Honestly, I haven't had the chance to experience it on any Bitcoin ATM Cheesy

The city I live in used to have a Bitcoin ATM, but that was three years ago when Bitcoin was still legal here, LOL, now it is prohibited. I haven't even had the first experience.
I have a look at your example image, there's a great look. But I do not understand why an old ATM can still exist, it should be improved more Roll Eyes

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

Quote from: ChuckBuck on March 27, 2020, 12:36:24 AM

<...>

Not really, they do not all work in the same manner. Most models are for purchasing BTC (or some other select crypto), and often accept cash. There are some models that also allow you to sell BTC for cash. There are also some small models that are listed on CoinATMRadar that count as BTC ATMs, but that are similar to a dataphone, and require a shop teller to complete the whole buy/sell process.

In addition, their limits of buy/sell will differ, so will the commissions and KYC sublimits.

Model type and placement way well be something to consider beforehand (see https://bitcointalksearch.org/topic/m.53971190).

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: AdolfinWolf on March 26, 2020, 12:23:54 PM

I think that depends on the supplier and the amount of BTC you want to buy.

Not depending on the supplier, OP refers to the purchase of BTC by ATM, the legal purchase of BTC will require certainly the identity of the buyer, ID card, passport or license drive, certainly must provide one of them. High costs are also understandable.

Quote from: DdmrDdmr on March 26, 2020, 12:37:11 PM

...the specific ATMs you are interested in are fully operational, and contrast with them if they accept in cash, regardless of what the info on the page may or may not state.

I thought that all ATMs were functioning the same way, as for competitive demand, ATMs will have similar operating methods Cheesy

Am I wrong?

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

Quote from: HediSlimane on March 26, 2020, 11:49:17 AM

I already bought some, but this time I need it to be in cash, in France I couldn’t but Ive heard that in Madrid it’s possible, is it true ? Thanks

If you check the list provided by OmegaStarScream, youll see that they have the operator’s contact information. If you want to avoid having to go on a gymkhana from one location to another, try to contact them to assure beforehand that the specific ATMs you are interested in are fully operational, and contrast with them if they accept in cash, regardless of what the info on the page may or may not state.

There are only a few in Madrid, so it should not take long to pre-check.

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: HediSlimane on March 26, 2020, 12:17:25 PM

Also, do I need my passport or any document ?
Or only my wallet + money is enough ?

I think that depends on the supplier and the amount of BTC you want to buy. Some do ask for ID, where others don't (Although i think the norm nowadays is that most do ask for id one way or another.). Also note that you'll probably pay a high fee for either of these options (5-15%)

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

There are 8 ATMs in France and all have the options to buy but I guess @OP couldn't since the borders are closed. And even if he crosses the border he needs a special autorisation paper to go out in street. Or he will pay a fine because we're not allowed to be outside without permission. Even just to go to the supermarket.

@HediSlimane
Check out localcryptos.com too https://localcryptos.com/fr/Bitcoin/Spain/Cash/Buy
You can make trade face to face

And yes if you use ATM you will surely need your ID card, passport or licence drive.

HediSlimane

newbie

Activity: 3

Merit: 0

Also, do I need my passport or any document ?
Or only my wallet + money is enough ?

HediSlimane

newbie

Activity: 3

Merit: 0

Thank you !

OmegaStarScream

staff

Activity: 3500

Merit: 6152

It should be possible, even in France. You probably went to an ATM that only allow selling operations.

Here is a list of Madrid's BTMs: https://coinatmradar.com/city/97/bitcoin-atm-madrid/

HediSlimane

newbie

Activity: 3

Merit: 0

I already bought some, but this time I need it to be in cash, in France I couldn’t but Ive heard that in Madrid it’s possible, is it true ? Thanks

Topic: Is it possible to buy BTC in cash at Madrid’s ATM ? (Read 201 times)