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12. Trading Best Places Uncategorized

Bitcoin ATMs

Best for: Anonymity

A bitcoin ATM, or BATM, is simply an ATM – a physical kiosk where you can buy bitcoin.

Just like a standard fiat money ATM, BATMs allow insertion of a credit/debit card or cash in exchange for bitcoin.

These machines allow users to buy and sell bitcoins anonymously – there are none of the ‘Know Your Customer’ (KYC) checks you will undergo if you’re looking to buy bitcoins with the majority of other companies mentioned on this list.

Fees are on the high side for this service; the ATMs charge between 7% and 10% for buying and selling bitcoins.

Another potential issue is finding a machine which does what you want it to; some can be used to buy bitcoins and some to sell bitcoins, but machines that do both are scarce.

Remember, you need a wallet to store your bitcoins in; ATMs are just ATMs, they do not offer any kind of wallet storage facility.

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