What Are The Risks Of Using A Bitcoin ATM?

March 23, 2024

Unsafe LocationsWhile most Bitcoin ATMs are located in everyday locations like supermarkets or grocery stores, you should be wary of Bitcoin ATMs in unsafe locations. You should always look up the location of the Bitcoin ATM you plan to use before visiting, especially if it’s your first time using that kiosk or Bitcoin ATM operator. Licensed Bitcoin ATM operators are low-risk to use, and you should always seek out a Bitcoin ATM provided by a company that is registered with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). Coinme is proud to be the first licensed Bitcoin ATM operator in the United States. Lack of Customer SupportSeveral Bitcoin ATM providers do not offer any customer service at all, while others provide the bare minimum.

The source of this news is from Coinme