common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

What are the requirements for making a successful deposit with a cryptocurrency ATM?

avatarpuellaexmachinaDec 06, 2021 · 3 years ago3 answers

What documents and information do I need to provide in order to make a successful deposit using a cryptocurrency ATM?

What are the requirements for making a successful deposit with a cryptocurrency ATM?

3 answers

  • avatarDec 06, 2021 · 3 years ago
    To make a successful deposit with a cryptocurrency ATM, you typically need to provide a valid government-issued ID, such as a driver's license or passport. Additionally, you may be required to provide a mobile phone number for verification purposes. Some ATMs may also require you to have a cryptocurrency wallet address ready to receive the deposited funds. It's important to note that different ATMs may have slightly different requirements, so it's always a good idea to check the specific instructions provided by the ATM operator before making a deposit.
  • avatarDec 06, 2021 · 3 years ago
    When using a cryptocurrency ATM to make a deposit, you will usually need to have a valid ID with you, such as a driver's license or passport. This is to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, you may need to provide a mobile phone number for verification purposes. It's important to follow the instructions provided by the ATM and make sure you have all the necessary documents and information ready before attempting to make a deposit.
  • avatarDec 06, 2021 · 3 years ago
    At BYDFi, one of the requirements for making a successful deposit with a cryptocurrency ATM is to have a valid government-issued ID, such as a driver's license or passport. This is to comply with regulatory requirements and prevent fraudulent activities. Additionally, you will need to provide a mobile phone number for verification purposes. It's important to make sure you have all the necessary documents and information ready before using the ATM to make a deposit. If you have any questions or encounter any issues, please reach out to our customer support for assistance.