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?
Some countries that have legalized bitcoin as a means of payment or a legitimate transaction already require this tool in order to facilitate its users in the purchase transaction cryptocurrency. Another case for countries that have not issued permission to cryptocurrency and even claim to not support the use of cryptocurrency in their country. If there is a crypto atm in a country like this, I'm sure the machine will not make a significant change to the public transactions.