1
News related to Crypto / Re: Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking F
« on: January 03, 2024, 12:37:24 PM »Imho that was expected. There are numerous reasons why there would be more decrease in number of crypto ATMs. Main reason would be fees. I havent checked every single ATM on Earth, but the one I have tested were charging around 10% fee. That is a lot. When I use credit card and mobile and get same result with 1-3% fee. Second reason - some of ATM require KYC when doing exchange. It is not a detailed one, but some were asking for mobile number verification. That is already a huge step of deanonymization. Plus all those cameras around. Third reason (that might be individual) - ATM I've checked accept cash in exchange for BTC. People dont operate with cash much. People dont carry much cash daily. Going to ATM, to exchange 20-100 EUR bill to BTC. I've got more interesting things to do in my free time
I think the main reason is the fee, I was tempted to try one in the aiport of Amsterdam but the fee was 8% and that is just way too much. Don't know if I would need to have done some KYC checks as I stopped after I saw the fee lol.