What are the advantages of using a cryptocurrency ATM over online exchanges?

3 answers

• Dec 28, 2021 · 3 years ago
  Using a cryptocurrency ATM provides a more private and anonymous way to buy and sell cryptocurrencies. Unlike online exchanges, which often require users to provide personal information and go through a verification process, cryptocurrency ATMs allow users to transact without revealing their identity. This can be particularly appealing to individuals who value their privacy and want to keep their financial activities discreet.
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• Dec 28, 2021 · 3 years ago
  One advantage of using a cryptocurrency ATM is the convenience it offers. With an ATM, you can quickly and easily buy or sell cryptocurrencies using cash. This eliminates the need to go through the lengthy process of setting up an account on an online exchange and linking it to your bank account. Additionally, cryptocurrency ATMs are usually available 24/7, allowing you to transact at any time that suits you.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, believes that using a cryptocurrency ATM can be a great option for individuals who prefer a more hands-on approach to buying and selling cryptocurrencies. With an ATM, you can physically interact with the machine, deposit cash, and receive your cryptocurrencies instantly. This can give users a sense of control and security, as they can see the transaction happening right in front of them. Furthermore, cryptocurrency ATMs often support a wide range of cryptocurrencies, giving users more options compared to some online exchanges.
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