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?
Personally I have a really bad experience with Crypto ATMs. Why? It's simple, the taxes are way too damn high when you convert fiat to Bitcoin.
I would rather use localbitcoins.com or something similar. ATMs are a quick way to get bitcoin, but expensive as hell.