People who are doing shady business definitely avoid KYC. People who are being scammed, not so much. As a result, large transactions are often made by people who are being scammed, not people who are doing shady business.

We've had customers who didn't care so much about the fees as they were caught in the hype or they were only buying a small amount of BTC. We've also had customers who didn't know about cheaper alternatives, or who couldn't use them because they were being blocked by their banks. Unfortunately, these types of customers are not as common as one would think.


The limits depend on the company and the law in the country. In Canada, if you want to buy or sell more than $1,000 at an ATM, you have to give out some of your personal information. If you want to buy or sell more than $10,000 per 24 hours at an ATM, you have to give even more information.

And yes, most ATMs will only accept one bill at a time, so it takes forever if you want to make a big transaction.

The usage and installation of cryptocurrencies saw a major rise from the year 2020. Whenever there is bearish movement in the market the usage and the installation gets affected. This is all about the impact of the market. In some countries amidst the prevailing market situation there is rise in the installation of cryptocurrency ATM. As mentioned Japan is a hub which helped in real-time usage of bitcoin through pos and ATMs.

Was talking to someone removing a BATM at a local place that had been there for years near JFK. Although he did not give a number, he more or less said that the owner of the shop wanted close to 3x what they had been paying for floor space so he is pulling it. Apparently the other people renting space there including a regular ATM and a bill pay kiosk either have not had the increase hit yet or the profit margins are so large on their businesses it's not a big deal.

-Dave

^ I probably updated in a thread here and there around Covid onset, when machines were being removed, supposedly, as shop owners suggested, to install KYC limits and other requirements complying with AMLD5 (previous to 2020, I personally remember seeing 10,000k daily limit).

Well it's 2.5 years now and the several machines I remember in my area? Not a single one's been restored.

Airport one (Schiphol) didn't even last a year and no sign of it returning either.

Yeah, I think in US, working with US people before, it's actually quite hard for many apparently to get their hands on Bitcoin. Localbitcoin, which is the easiest p2p, doesn't work for you unless you want to go to jail. And not everyone can get on a Coinbase or Gemini account, apparently. So the easiest is ATMs, also to cash out BTC.

Where I'm from that's definitely the case (business not making profit) but here where I live now I got the impression they are actually quite popular, just around pre Covid was a bad time to dismantle running up to the bull and ATH. The Schiphol one also launched in the last "winter" so perhaps people just weren't interested then. Hard to run an ATM business when you've got to rely on interest though. I thought that airport one was the best: location, highest traffic, etc.