In some cases, the machine will generate a paper wallet. All the required fees are included in the exchange rate itself, so a user receives the amount that is calculated by the platform without any deductions which seems fair and competitive. Buyers might be asked to update a photo ID. If you’re still a bit confused, that’s okay. Using ShapeShift you can buy bitcoins with no ID, but that is because you need to buy altcoins or another digital token before buying.