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?
Bloodyhell. I have seen one and almost tried to use it. Good thing that two days before I planned on using it, my friend already tried it, and man oh man, yhe fees he has payed are jaw dropping! They are extremely high and not fair! I would rather go through the hassle on going to exchanges and wait patiently than to use these type of ATMs. Of course except for emergencies but other than that, no thanks. A little effort for evading that much tax is nothing. Just sayin'..