Buy bitcoins with ATMs? Kraken says that it's not as safe as you think

Many people are used to buying and selling Bitcoin with Bitcoin Automats. However, a new report indicates that this may not be as safe as people accept.

octopus reports security gaps in widespread Bitcoin money machines

The cryptocurrency market has experienced enormous growth in recent years. In the past, people only received access to cryptocurrencies through centralized crypto exchanges. Thanks to growth and innovation, people today have access to cryptos in a variety of ways.

One of the most popular ways to buy and sell cryptocurrencies are Bitcoin Automats. In the United States alone, there are currently thousands of Bitcoin Automats. According to Coinatmradar , there are more than 24,000 Bitcoin money machines.

Despite their popularity, they may not be sure for humans. In a new Report by Kraken Security Labs Safety arm of the crypto exchange octopus, said that there are weaknesses in the USA in frequently used Bitcoin money machines.

The Kraken Security Labs said that the Bitcoin Automats produced by General Bytes have some defects. The team said that “Several attack vectors were found via the standard administrative QR code, the Android operating system software, the ATM management system and even the automatic hardware housing.”

The team also added that most Bitcoin money machines were configured with the same standard admin QR code. This is a mistake in which everyone can go to a Bitcoin account machine with the QR code and compromise it. In addition, the team found that there are no safe boot mechanisms. There are other critical mistakes in the ATM management system.

The octopus team further suggested how people can safely use the Bitcoin Automats. The team advised the users to find and use crypto monetary machines in places that they trust and ensure that the ATMs have perimeter security such as surveillance cameras.

Bitcoin lasts price over $ 43k

The leading cryptocurrency has managed to keep its price over the $ 43,000 mark in the past few hours. BTC acted just over $ 41,000 at the beginning of this week, but has increased by more than 2% in the past few hours.

If the current rally stops, BTC could increase over the resistance brand of $ 45,000 in the coming hours and days.