What are the identity verification requirements when using a Coinsource Bitcoin ATM?

3 answers

• Ravi LodhiJul 20, 2022 · 4 years ago
  When using a Coinsource Bitcoin ATM, you will need to go through a simple identity verification process. This is to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. The exact requirements may vary depending on the specific machine and location, but generally, you will need to provide a valid government-issued ID, such as a passport or driver's license. Some machines may also require you to provide a phone number for verification purposes. The process usually takes a few minutes, and once your identity is verified, you can proceed with your Bitcoin transaction.
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• NbSlienceJul 12, 2020 · 6 years ago
  To use a Coinsource Bitcoin ATM, you'll need to verify your identity. This is a standard procedure to prevent fraud and ensure compliance with regulations. You'll be asked to provide a valid government-issued ID, such as a passport or driver's license. Some machines may also require you to provide a phone number for verification. The process is quick and usually takes just a few minutes. Once your identity is verified, you can buy or sell Bitcoin using the ATM.
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• SkiplesApr 14, 2024 · 2 years ago
  When using a Coinsource Bitcoin ATM, you'll need to verify your identity. This is a security measure to prevent fraud and comply with regulations. The specific requirements may vary, but you'll typically need to provide a valid government-issued ID, like a passport or driver's license. Some machines may also require a phone number for verification. The process is straightforward and usually takes a few minutes. Once your identity is verified, you can use the ATM to buy or sell Bitcoin securely.
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