...but a good number of people seem to actually use Bitcoin ATMs despite the enormous price premiums(I know, potentially due to privacy and all that, but still).
US is leading in invasion of privacy and since ATMs could provide better privacy for those who want to buy bitcoin they obviously have more demand in US than in other countries that don't invade people's privacy as much.
Although I'm not sure how private it is to actually buy BTC on crypto ATMs in the USA - isn't there at least some kind of verification (using a mobile number) or no one cares about cameras (maybe they wear masks and hats?) Although it seems to me that this could be the biggest reason that this industry is literally booming regardless of all other markets.
How many of you have used these ATMs at least once in your life? I've never even seen them.
I have never had a chance to even see one, although there are 4-5 in total in my country, but none near the place where I live. It would be nice to have some on hand, especially if the fees were below 5% - but small communities are simply not cost-effective to set up such devices. A few years ago I read in an article that investing in a solid crypto ATM pays off in just a few months - of course location is a crucial factor as well as how many people even know about Bitcoin.