Last year soon after she first purchased bitcoin. She is 76 and gets intimidated by each step, but is determined 🧡
Discussion
Do you remember the brand atm? I would like to do this myself near me.
Coinflip.
Bitcoin Depot and Coinsource both required kyc for any amount.
Thanks.
Quick flex, I worked with Coinflip’s founder at a previous job. Young and talented guy!
Why does coin flip require KYC now? Can you ask him? I genuinely want to know because they advertise just a phone number. You must scan ID for any amount.
“Bitcoin ATM providers in the US must comply with both federal and state regulations. On the federal level, the Bank Secrecy Act (BSA) requires financial institutions to assist US government agencies in detecting and preventing money laundering”
-from Bing
It’s been nearly 10 yrs since I’ve said anything to him so I’m not gonna ask. Illinois and possibly Fed regulations likely require him to use KYC
