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How to purchase Bitcoin in Prague without revealing your personal information?

Author: LB 2020-08-22 347

In August, 2020 I decided to visit the Czech capital, Prague to check out the local Bitcoin ATMs. I was curious about the fact whether it is possible to purchase Bitcoins in Prague and I wanted to find out the requirements when using Bitcoin ATMs. I initiated my trip from Budapest and got on a train that left the Hungarian capital at 5:40. Fortunately, the ATM is located right inside in the building of the central train station in Prague.

But anyway, finding the machine is no easy task, because although you can look it up using Google Maps, locating the Bitcoin ATM in the building takes some time.

The main issue is that it is not easy to find your way in the station building. I saw that the Bitcoin ATM is located in a Relay store, but there are at least 5 of these stores inside so which one should you go to? This made my trip a bit longer, but anyway here is a picture that will help you a little bit if you want the find this machine in Prague. This is actually the first floor of the station building.

Bitcoin ATM in Prague.

So you will have to enter the store and the machine will be on the right side. This is a small ATM and I think it is a bit older than its siblings in Budapest. Nevertheless it is a convenient device and also because it supports several languages it is perfect for tourists as well. At first I thought I will have to use it in Czech, but it does have English, Spanish and even Japanese options as well. I wanted to buy Bitcoins for 500 crowns and I started my operation here.

This is the screen of the Bitcoin ATM in Prague.

Buying Bitcoin in Prague is pretty easy. You don't even have to input your phone number, therefore the whole transaction preserves your anonymity, unlike in Hungary where you have to register your phone number every time you want to purchase Bitcoins.

So I inserted my Czech crowns in the following way:

Inserting Czech crowns into the machine.

If the transaction was successful, the machine will notify us:

Sucesful BTC transaction.

The BTCs I purchased here arrived in my e-wallet:

Bitcoins in my e-wallet.

I also saw that every time you want to use the machine you have to pay 100 Czech crowns, which is about 4.5 USD.

The transferred BTC converted into USD/Czech crwons

I tried to convert the amount of BTC I received from the machine into USD and then into Czech crowns and it turned out that the inserted 500 Czech crowns became 380 Czech crowns. So this transaction was not to economical, it might be better to use larger amounts, but this machine is definitely a good choice if you are travelling in the Czech Republic and you need Bitcoins urgently.

You can support me using the following BTC address: 1D6qYk7mWQFE1K5tUgqimjiCLT66AHdyNX

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