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Bitomat announced in a report that Bitcoin ATMs provide faster transactions, simpler verification, and wider access compared to online exchanges.
According to Bitomat’s Know Your Customer (KYC) policy guide, Bitcoin ATM users are not required to complete extensive identity verification processes for small transactions, with limits varying by country. In Poland, for example, users can transact up to €1,000 per transaction or €15,000 daily before triggering any verification. Unlike online exchanges that often require ID scans, emails, and app downloads, Bitomat ATMs typically only require a phone number, streamlining the user experience.
Bitomat’s pricing page notes that its standard fee structure is calculated as "market price + operator commission," with the commission typically around 2%. However, during promotional periods, commissions may drop to 0% or even offer a slight bonus (+1%) to the buyer. This offers a sharp discount compared to the European average fee of 8% cited by CoinATMRadar. These discounts are announced via SMS, email alerts, or social media, giving users an incentive to time their purchases.
