What Type Of Identification Do I Need To Use A Bitcoin ATM?

March 02, 2024

All licensed Bitcoin ATMs in the United States are required to ask their customers for proof of identification thanks to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Typically, Bitcoin ATM operators will ask for a government-issued identification to set up your account. While many Bitcoin ATMs may ask for proof of identification while using the ATM, others only require you to provide a government-issued identification when you register for an account. Once you have your account, you can exchange crypto for cash at a Bitcoin ATM using your phone and two-factor authentication via SMS or a mobile app. They require institutions subject to AML regulations to gather data on their customers, such as their identification, phone number, or other contact information.

The source of this news is from Coinme