CNN has an excellent info-graphic page that also visually paints a great picture of what’s happening.
Please learn, share, and educate those new to crypto. It still feels like the wild west out there with this stuff.
Correct me if I’m wrong but it remains the most accessible form of getting bitcoin without know your customer requirements.
Yes, I think so.
It’s always best to do a little research on the ATM provider before using. It is also important to know that crypto ATM transactions are simple. You show you QR code from your wallet, you add cash, and you accept the payment/transaction. That’s it.
Anything more than that is a red flag in your process. Sometimes ATMs may require a phone number but that’s when you go choose another brand of ATMs that don’t.
Of course, fees is what’s subjective so you’ll have to be okay with whatever the fee is.
Exactly, and as this article points out a lot of these ATMs will hide massive markups in the sales price.
has found that crypto ATM companies make money by often marking up the price of cryptocurrency by 20% to 30% or more on transactions