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?
There is not much of a difference between a crypto ATM and a real ATM. It's just another version of money in digital form. The records you see in the ATM is also money in digital form, except that it is yet to be converted to the common currency before, it can be cashed out directly unlike the real money. High fees might not be a great question for the ones who would want to invest in bitcoins. This is what they love and what they want to do to gain profit. And for most of the time it was also proven effective as an investment.