hey guys unfortunately im not comfortable doing p2p (and its hard to find/organise) and i only want to pay using cash, atm has given me the privacy i need here in australia but the rates and how much i lose is just ridiculous, i was hoping there was another way but i guess not, thanks for the advice though
That's right, you may encounter a high rate issue when selecting an ATM to buy Bitcoin.
I believe it typically charges much higher fees than online exchanges, often around 7-12%, which diminishes the value of your purchase. Additionally, the Bitcoin price at ATMs frequently includes a wider spread, making it more costly compared to the market rate. It's a ludicrous option for me.
What about this alternative?
Buying Bitcoin with a debit or credit card? Online purchases are considerably cheaper than using an ATM.