Bitcoin ATM: No-KYC P2P platforms
Bitcoin ATMs exchange cash for bitcoin on the spot; identification requirements depend on the operator and the amount.
Specifications
| KYC required | Depends |
|---|---|
| Escrow type | Not applicable: immediate exchange at the machine |
| BRL | Yes |
| Pix | to verify |
| Tor | Not applicable |
| Fees | Usually high; varies by operator (to verify) |
| Open source | No |
| Mobile app | Not applicable |
| Official site | — |
How does it work in practice?
- Find a nearby machine.
- Check the operator limits and requirements.
- Show your wallet address or invoice.
- Insert the cash.
- Confirm receipt in your wallet.
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Frequently asked questions
- Does a P2P platform hold my bitcoin?
- On escrow platforms, bitcoin is locked in multisig or a hold invoice during the trade, not in a company account.
- Can I use instant bank payments in a no-KYC trade?
- Yes, they are common in fiat offers. They identify the payer to the seller, but they do not create an account at the platform.
- What if the counterparty disappears?
- With escrow there is a dispute process and the bitcoin stays locked until resolution. Without escrow, the risk is entirely yours.