Quote from: Aanuoluwatofunmi on Today at 01:55:51 PM

Quote from: krishnaverma on Today at 10:29:04 AM

Any idea why the concept of crypto ATMs failed ? It failed to become big ? Is it because of strict goverment regulations ?

A lot of reasons why many have not been considering for the use of the bitcoin ATM again and base on my little research, here are the few reasons i see could be the cause to this steady decline from it use.

1. High cost/transaction fee for using bitcoin ATM

This is the major reason why the usage of Bitcoin ATM machine is very limited because the price in ATM machine is differs always from the current price of Bitcoin in the market thereby decreases the quantity of Bitcoin received by the recipient.

Transaction fees also are way too higher when sending Bitcoin via ATM machine, transaction fees ranges between $15-25 charge and it's way too much.