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Experiences with Bitcoin ATMs in Edinburgh

Author: LB 2021-12-01 841

With the advancement of blockchain technologies and digital money the need for on-ramping solutions is increasing. Bitcoin ATMs are one of the earliest tools of this kind as they enable users to buy cryptocurrencies with fiat money. Interestingly these machines work differently based on the jurisdiction they are located at. I tested a few bitcoin ATMs in Central Europe in the past. This time I visited Edinburgh and I checked out one of the local machines in the city. Let’s see my experiences!

The bitcoin ATM in Edinburgh is located at 27 Queensferry St Edinburgh UK. You have to look for a West End Store with this facade:

Bitcoin ATM in Edinburgh

When you enter the shop you have to go towards the back end of the place and you will find the bitcoin ATM on the left side. The manufacturer of this ATM is General Bytes and supports only one way transactions. This means that you can only buy bitcoins with GBP and you cannot sell cryptocurrencies for fiat using this machine. So if you are looking for bitcoin atm withdrawal, then this place is not for you. There was another annoying issue at this location.

According to the current cryptocurrency regulations in the UK you need to scan your ID card, have a picture taken of you, register your email address and your phone number in order to buy bitcoins at this ATM.

These nuisances render the machine completely useless for traditional crypto enthusiasts. If you want to avoid these steps, I would recommend you check out the machines either in Austria or in the Czech Republic. Even bitcoin atms in Budapest offer you a much more flexible experience. If you want to read more about my experiences with bitcoin atms in Europe, you can visit the following link:

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