Replying to Avatar mike

Bitcoin is not a privacy coin, it's transparency is a prime function of its "Don't trust, verify" ethos.

There are privacy coins if you want this and there are many ways to obscure your Bitcoin transactions and even sidechains like Liquid which offer transaction encryption.

But inherently Bitcoin is the opposite of a privacy coin, by design.
Avatar
Apiarium 3w ago

Is a Bitcoin ATM transparent? Does it need KYC?

Reply to this note

Please Login to reply.

Discussion

Avatar
mike 3w ago

Depends on the ATM and the jurisdiction it is operated within, but there is nothing that technically requires KYC.

If you're thinking in terms of privacy, then a Bitcoin ATM that offers Lightning would be more private than a mainchain transaction.