Navigating Bitcoin ATMs While Traveling. Tips and Considerations - page 2.

Zlantann

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Quote from: Davidvictorson on September 28, 2023, 12:11:27 PM

Anyone here has any solid advice and heads up on the use of Bitcoin ATM. I'll be traveling to a new city and I'm learning there are a couple of Bitcoin ATM I'm the city. I'm looking to use one in the restaurant
where it is located in . I just want to know if there's any heads up or I should avoid it and pay in Bitcoin without using an ATM?
Thanks

In some locations, Bitcoin ATM service providers are few and this has made the market less competitive. This has made most of these service providers charge high fees. Just as bank ATMs have technical or software issues, Bitcoin ATMs can also malfunction. So you can be disappointed by poor service. Don't forget that his service can expose you to scams. Your details can be recorded through your transaction. Using an ATM in an unsafe country might be dangerous. I will not use this service in my location because people see Bitcoin owners are millionaires. Using the service in a public place might attract the attention of criminals.

Hamza2424

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Quote from: NeuroticFish on September 28, 2023, 12:30:52 PM

Quote from: Davidvictorson on September 28, 2023, 12:11:27 PM

I just want to know if there's any heads up or I should avoid it and pay in Bitcoin without using an ATM?

Bitcoin ATMs tend to be expensive. Even more, depending on the country/region, they may ask KYC details (some for any amounts, some for greater than x, some not at all)..

Hmm, that's weird I've never heard of it before as even on the ATM they can ask for the KYC but does it matter where are you processing your transaction, already reveals your identity in some aspects.

OP I think it better to check for the ATM's legitimacy by checking whether it's tempted or not.. As here in last week I had visited 2 3 cases of ATM scams where the ATM was tempered but that was obviously not a Bitcoin ATM. As per reports until now there was the involvement of the insider. I don't think still they will be able to take any sort of strict action against him due to his supporters back to him. I have never used any Bitcoin ATM still I think it would be interesting to use it at least once.

BEcasue transaction fees are high according to most of the responses it really isn't worth transacting with ATH most of the time, there are some good alternatives.

JunaidAzizi

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Quote from: Davidvictorson on September 28, 2023, 12:11:27 PM

Anyone here has any solid advice and heads up on the use of Bitcoin ATM. I'll be traveling to a new city and I'm learning there are a couple of Bitcoin ATM I'm the city. I'm looking to use one in the restaurant
where it is located in . I just want to know if there's any heads up or I should avoid it and pay in Bitcoin without using an ATM?
Thanks

Both the methods of Bitcoin ATM or paying in Bitcoin are good and effective. But here are the security and privacy matters that come. In using Bitcoin security and privacy both matter and I think security more. How let's talk about it. When you use the Bitclon ATM one will be confirmed whether it will be located in public or separately. If you use it in public it may be possible that someone can easily scam you by saying 'I will help you use the ATM ' and in this way, they will keep all your access, in another case if it is located separately it may provide a good chance to criminals and theft to take your funds on gunpoint. However, this is not applicable everywhere as we are not aware of your location so that is why we giving you a general overview, Here I am giving you some tips when you are willing to use Bitcoin ATM please make sure of it.

1-Sometimes bitcoin ATMs charge a higher fee so look at it before doing any transaction.
2-As I told you Bitcoin ATMs are located in public places so do not let anyone to know your personal information.
3-Take precautions while using Bitcoin ATMs.
4-If you are using it at night take your friends with yourself.
5-If you have any problems contact the ATM operators on an immediate basis.

NeuroticFish

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Quote from: Davidvictorson on September 28, 2023, 12:11:27 PM

I just want to know if there's any heads up or I should avoid it and pay in Bitcoin without using an ATM?

Bitcoin ATMs tend to be expensive. Even more, depending on the country/region, they may ask KYC details (some for any amounts, some for greater than x, some not at all) and if you're not comfortable with that (and the fees), you may want to do your "homework" since the info on them tends to be available online (maybe even https://coinatmradar.com can be of help; the ATMs from my country have even reviews here on bitcointalk)

Sophokles

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Quote from: Davidvictorson on September 28, 2023, 12:11:27 PM

Anyone here has any solid advice and heads up on the use of Bitcoin ATM. I'll be traveling to a new city and I'm learning there are a couple of Bitcoin ATM I'm the city. I'm looking to use one in the restaurant
where it is located in . I just want to know if there's any heads up or I should avoid it and pay in Bitcoin without using an ATM?
Thanks

It depends on where you are and the reputation of your surroundings. There are some basic facts that you should check when using a bitcoin ATM.

1. Try not to use it on night or use it in a place where it's not solitary. Bitcoin ATM can be an easy target for criminals.
2. Inspect the ATM that it's tempered or not.
3. Keep an eye on the transaction fees as well. Sometimes it can be insanely high.

Davidvictorson

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Anyone here has any solid advice and heads up on the use of Bitcoin ATM. I'll be traveling to a new city and I'm learning there are a couple of Bitcoin ATM I'm the city. I'm looking to use one in the restaurant
where it is located in . I just want to know if there's any heads up or I should avoid it and pay in Bitcoin without using an ATM?
Thanks

Topic: Navigating Bitcoin ATMs While Traveling. Tips and Considerations - page 2. (Read 269 times)