When buying Bitcoin with cash at an ATM, there are several things you should know. These factors include the cost, the locations, and identity verification. You should always read the terms and conditions carefully to ensure that you are getting the best deal. Also, you should always read the privacy statement before you buy.

Costs

The costs of buying Bitcoin with cash at an ATM vary widely. Most machines charge between 9% and 15% of the amount you spend. Others can charge as much as 20%. These are comparable to fees charged by crypto exchanges. It is also important to choose a Bitcoin ATM from a reputable company. While some companies advertise low fees, they might also charge a mining fee or inflate the price of Bitcoin. This makes buying Bitcoin with cash at an ATM, a losing proposition.

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