Do you want to buy Bitcoins using cash? If so, then a Bitcoin ATM is the perfect choice for you. Bitcoin ATMs are easy to find but choosing one can be difficult if you don’t know what to look for. This blog post will give you tips that will help make your decision easier!
Research the Fees for Buying and Selling Bitcoins
The first thing you should do is look into the fees that each Bitcoin ATM will charge. The fee for buying Bitcoins with cash ranges can vary from as low as 0.0001 BTC to a whopping 20%. One of the easiest ways to find out about buying and selling fees is by looking at reviews on websites.
Consider the Machine’s Location – Is It in a Convenient Place to Visit or Does It Require Travel Time and Expense?
The second thing you should do is consider the location. A Bitcoin ATM may be convenient to visit if it’s in a place that has high foot traffic and offers people an easy way to purchase Bitcoins with cash. However, this convenience does come at a price – some machines are located far away or require travel time and expenses.
Is There Enough Space Around the Bitcoin ATM for People to Queue up With Their Cash?
The third thing to consider is whether or not there’s enough space around the machine for people to queue up with their cash. If you’re in a cramped place, it can be difficult for people waiting in line to see what they are buying and that may cause some problems.
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