I keep hearing anecdotal stories of people using them but wonder if they are still considered a good way to buy bitcoin, given the steep fees these machines often charge.
Convenience I guess? well, not the kind of convenience we get behind our computer and mobile screens, but the kind of convenience when you are around the city and you needed to withdraw some bitcoin and you needed cash outright.
To be honest, I haven't seen one yet, since I live in a municipality far from big cities and when I visit big cities I don't have time to find one either. But, just in case I see one, I'd definitely love to try to withdraw at least just for the experience.
I'm just wondering though, how many confirmations does it take for the bitcoin ATM to dispense cash? I've heard bitcoin ATMs has higher transaction fees compared to other options online.