Lately, I have been seeing many crypto ATM that converts cash into crypto. I am having a tough time understanding the logic behind such machines. I mean, why wouldn't I just go to an exchange and buy crypto? I see no added benefit other than the rather high fees being charged.
Would like to know if any of you have used such an ATM? If so, why?
If you have never used such an ATM, under what circumstances would you consider using it?
It is more easy to use because whenever you need it, just open your account via internet. It is less hassle than the normal bank ATM people normally hide there money at.
Also there not much age restriction than the bank which needs 18+ above and requires 2 IDs to just open an account.