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?
Well, I think I would. It would be a much more easier transaction for me if I could instantly turn my cryptocurrency or my bitcoin to cash just by withdrawing it on a cryptocurrency atm. This would be a major breakthrough if this happens because now, transaction costs can be reduced and people will have a much more easier access in changing their digital money to paper money and they can buy the things they are intended to buy