KYC changes at Bitcoin ATMs: Everything you need to know
Want to remain anonymous when buying or selling cryptocurrencies at Bitcoin ATMs? However, there are changes in the world of regulation and legislation that have a huge impact on how you use devices such as Bitcoin ATMs. In this article, we will explain the most important aspects related to KYC (Know Your Customer), EU regulations (especially MiCA) and how this may translate into your future transactions. If you prefer, you can also learn all about it in today's episode from Bitcoin ATM.com, a series I heard Under Bitcoin ATM.
Table of contents
What is KYC and why is it important?
MiCA - key changes in cryptocurrency regulations
Existing limits in Bitcoin ATMs: What is changing?
Next stages of change: March 2025 to September 2025
Why has Bitcoin ATM.com extended the period of anonymous transactions?
What does the VASP vs. CASP license mean?
How do you protect yourself from full KYC?
Frequently Asked Questions (FAQ)
Summary
What is KYC and why is it important?
KYC (Know Your Customer) is a set of procedures that financial institutions -
including cryptocurrency exchanges or operators Bitcoin ATMs - implement to
verify the identity of their customers. According to the latest data
Financial Action Task Force (FATF, 2022, p. 11)
and a report
European Commission (European Commission, 2021, p. 5),
correct implementation of KYC plays a key role in the fight against financial crime
and money laundering, particularly in the area of cryptocurrencies and digital assets.
MiCA - key changes in cryptocurrency regulations
MiCA (Markets in Crypto-Assets) is a package of European Union regulations that aims to unify and systematize rules for the digital asset market in all EU countries.
Effective date: 2025
Main goal: Ensure transparency, safety and consumer protection in the cryptocurrency market.
Why it matters. The MiCA imposes strict requirements for cryptocurrency service providers, including the requirement for full identity verification in most cases.
Existing limits in Bitcoin ATMs: What is changing?
By the end of 2024 (according to existing regulations), you could:
Buy or sell cryptocurrencies up to €999 in a single transaction without scanning proof.
Make 15 such transactions a day anonymously.
The amendment, initially planned for December 30, 2024, was to abolish this possibility altogether. However, there were some amendments in the final straight, as well as differences from country to country.
Changes in selected countries
List of changes to anonymity limits in Bitcoin ATMs
MiCA regulations do not apply here. For now, there are no immediate changes, but we encourage you to follow our newsletter for possible future regulations.
In practice, this means that in some countries (like Poland) you can still use the current rules for anonymous transactions until March 2025, while in Spain full verification will be required as early as January 2024. So it's worth checking local regulations carefully and planning your Bitcoin ATMs activities in advance.
A further list of KYC limits in Bitcoin ATMs
Next stages of change: March 2025 to September 2025
March 2025
In comes the identification of all customers making transactions at Bitcoin ATMs above EUR 990 in a single day.
The possibility of multiple anonymous buying/selling of cryptocurrencies (e.g., 15 transactions of 999 euros each) is coming to an end.
From then on - if you exceed €990, it will be necessary to scan your proof.
September 2025
Full customer identification for each transaction at Bitcoin ATM - regardless of the amount.
This means the practical end of transactions at Bitcoin ATMs without KYC in the countries covered by this provision.
December 30, 2024
MiCA officially goes into effect. The previous €999 threshold still applies in most countries, but changes are just around the corner.
March 2025
Transactions over €990 per day at Bitcoin ATMs require full identification. Ends option of 15 anonymous transactions per day.
September 2025
Full KYC becomes mandatory for every transaction at Bitcoin ATM - regardless of its value.
Why has Bitcoin ATM.com extended the period of anonymous transactions?
According to legal analyses and interpretations, Bitcoin ATM.com (and other VASP-licensed entities) does not yet have to implement full KYC until March 2025. This is due to the fact that:
VASP-licensed entities are not directly subject to the Travel Rule, which enforces full identification.
For CASPs (companies already licensed under the new rules), full KYC applies earlier.
Starting identification before obtaining a MiCA license could violate RODO/data protection regulations.
The effect? Until March 2025, you can still enjoy partial or full non-verification at Bitcoin ATMs, provided your daily amount does not exceed €990 (and 15 transactions per day, if this option is still valid in your country/region).
What does the VASP vs. CASP license mean?
Comparison: VASP vs. CASP
Element
VASP
CASP
License requirements
Less stringent; entities are still using the pre-MiCA system.
A more extensive licensing process that complies with new MiCA regulations.
KYC
Possibility to delay full customer verification until March 2025.
Mandatory broader customer verification from the beginning of operations.
Travel Rule obligation
Limited; Travel Rule will fully affect VASPs only after the official transition to CASP.
It is subject to full implementation of Travel Rule from the moment it is licensed.
Impact on users
Users can enjoy anonymous transactions for longer (under €990/day).
Customers must quickly adapt to the new requirements (no more anonymity).
Regulatory perspective
Temporary; until MiCA regulations are fully implemented, requirements are less stringent.
Target model for EU regulation; greater emphasis on transparency and AML prevention.
VASP (Virtual Asset Service Provider) - the "old" model for licensing cryptocurrency services in some EU countries.
CASP (Crypto-Asset Service Provider) - a "new" licensing model introduced by MiCA that requires compliance with much stricter regulatory standards, including broader KYC.
In practice:
Entities operating as VASPs still have time to implement full KYC.
CASP-licensed entities already have to implement MiCA requirements (including extensive customer verification).
How do you protect yourself from full KYC?
Do you need support with your KYC issues?
Talk to our assistant from the Customer Wsaprcia Department, who will help you smoothly go through the verification process at the Bitcoin ATMs
If you need to buy or sell cryptocurrencies anonymously, you can still do so within the applicable limits (e.g. 999 euros at a time, up to 15 transactions per day - depending on the country).
Follow the changes in the law
EU regulations are dynamic - it's worth keeping up to date with revisions and new interpretations of the rules.
Consider different options for storing cryptocurrencies
Cryptocurrency exchanges have already mostly implemented full KYC. Bitcoin ATMs until March 2025 are more flexible, but eventually we will face centralized identification.
Use reputable suppliers
Companies that care about privacy at the highest level (such as Bitcoin ATM.com) offer their own IT solutions and store data internally, which minimizes the risk of leaking sensitive information.
Frequently Asked Questions (FAQ)
1 Can I still buy cryptocurrencies anonymously until March 2025? Yes, as long as daily transactions do not exceed €990 (in total) and national regulations do not change. In some regions, there is still a limit of 999 EUR per single transaction, up to 15 times per day.
2 Why will it be so difficult to remain anonymous after MiCA comes in? MiCA harmonizes regulations across the EU, forcing verification of users. This is mainly related to AML (Anti-Money Laundering) regulations and protecting users from abuse.
3. will Bitcoin ATM.com always require KYC? Ultimately - yes. According to the regulations, as of September 2025, any transaction exceeding any threshold in the EU will require identification. But until then, you can still take advantage of the current limits, especially with your VASP status.
4. Do other countries outside the EU have similar regulations? Yes and no. Each country may have its own regulations on cryptocurrencies. In non-EU regions, MiCA does not apply, but many countries are introducing or considering similar regulations.
Summary
The upcoming changes to KYC (Know Your Customer) - particularly under the influence of MiCA regulations - will have a huge impact on the anonymity of cryptocurrency users. Bitcoin ATMs, which have so far offered a relatively high level of privacy (up to 15 anonymous transactions per day, each up to €999), will gradually be forced to implement full verification.
If you care about anonymous cryptocurrency trading:
Take advantage of current regulations until March 2025 and monitor any changes in your own country.
Carefully plan purchases and sales so as not to exceed the limits set by regulations in your region.
Follow the blog Bitcoin ATM.com and other trusted news sources to stay up to date on legal updates and news in the world of cryptocurrencies.
Thanks to this article, you already know what awaits you in terms of KYC at Bitcoin ATMs. Feel free to visit Bitcoin ATM.com/blog for the latest articles, tips and updates!
Want to act now? Check out our map Bitcoin ATMs and see where you can still take advantage of deals while maintaining current anonymity limits.
Thank you for reading the article! If you have additional questions or want to share your opinion, please leave a comment below.
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