Bitgamo – No KYC Crypto European ATM Expansion Plans

Bitgamo, a Luxembourg-based crypto to fiat exchange platform, announced its plan to launch 75 crypto ATMs across Europe in 2024. The company has seen remarkable growth recently, distinguishing itself as the only no-KYC crypto to fiat exchange offering significantly higher exchange rates for Bitcoin, Litecoin, and Ethereum compared to its competitors. These ATMs, which are popular amongst crypto enthusiasts, allow users to sell cryptocurrencies for cash. Bitgamo’s ATMs will offer the best market rates for such sales.

Furthermore, Bitgamo has gained attention by providing up to 10% higher rates than other exchanges. This has been made possible due to their strategy of employing a third-party network to channel cryptocurrencies to regions such as the Middle East, where unfavorable government policies make it challenging to procure cryptocurrencies.

Another standout feature of Bitgamo is its no-KYC exchange policy, which means users can exchange cryptocurrencies without providing personal data or registering. This approach is unique in the cryptocurrency world. Given Luxembourg’s laws which consider crypto as an asset, there’s no obligation for the company to collect KYC details.

Customers have also praised Bitgamo for the swiftness of its transactions, often completed in about 20 minutes. The platform boasts of being user-friendly and provides 24/7 live support.

Gabriel Weber, the Director of Communications at Bitgamo, expressed excitement about the future of the digital asset industry and emphasized the company’s readiness for its next growth phase in 2024 with the planned ATMs.

Bitgamo was established in 2020 by a prominent financial group aiming to enhance access to cryptocurrencies in regions where it’s challenging to purchase them and simultaneously addressing privacy concerns. Their modus operandi involves redistributing cryptocurrencies via several third parties, which enables them to offer prices up to 10% above the market rate.