Terms Of Use Warnings.
There are important considerations to take for users of Bitcoin ATMs. Please
heed these warnings.
Non-Refundable
Due to the nature of the blockchain, transactions are
final and irreversible. Operators cannot give refunds for Bitcoin or any
cryptocurrency once it has been purchased.
Bill Payment Scams
BTMs are not payment processors. If a user is told
to send Bitcoin as a payment to a wallet address using a BTM, this is not
official or approved by the operators. Anyone can use a BTM to send
cryptocurrency to another user’s wallet, but be advised that the BTM is not
a payment center. Beware of scams regarding cryptocurrency payments via
BTMs.
Do Not Use BTM For Third Party
Never have a third party buy or sell
Bitcoin and cryptocurrency. This requires access to a wallet that does not
belong to the third party. The risk here is that it can reveal plenty of
personal information. It can compromise security if a bad actor is able to
gain custody of the wallet.