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?
If this ATM requires only your wallet address then it is a good idea because it anonymity remains for the purpose of cryptocurrency. If you want to exchange your fiat to cryptocurrency using ATM and just insert the cash in the machine then good. But if it requires personal information and cards be produced to use ATM, then thank you, I better use crypto exchange than using ATM which debanks my privacy.