Are there any restrictions on using bitcoin ATMs without ID?

3 answers

• May 10, 2022 · 3 years ago
  When using bitcoin ATMs without ID, there may be certain limitations or restrictions depending on the specific machine and its operator. Some bitcoin ATMs may require users to provide identification before allowing transactions, especially for larger amounts. This is to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are also bitcoin ATMs that allow users to make small transactions without ID verification. It's important to check the requirements of the specific bitcoin ATM you plan to use.
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• May 10, 2022 · 3 years ago
  Using bitcoin ATMs without ID can be convenient for those who prioritize privacy. However, it's worth noting that some bitcoin ATMs may have lower transaction limits for users who choose not to provide identification. Additionally, certain jurisdictions may have stricter regulations regarding bitcoin ATMs and may require users to provide ID regardless of the transaction amount. It's always a good idea to research the local regulations and the specific policies of the bitcoin ATM operator before using the machine.
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• May 10, 2022 · 3 years ago
  At BYDFi, we prioritize user privacy and offer bitcoin ATMs that allow users to make transactions without ID verification. Our machines have higher transaction limits for users who choose not to provide identification. However, it's important to note that some jurisdictions may have regulations that require users to provide ID for certain transaction amounts. We recommend checking the local regulations and the specific policies of the bitcoin ATM operator before using any machine.
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