ATMs come to Bitcoin
With Bitcoin at all time highs and exchanges like Poloniex slowing to a halt, Bitcoin ATMs are quick way to grab some quick BTC without the need for verification.
I've used a Bitcoin ATM machine in Dubai airport on a connecting flight to Vienna. The buying process was:
- First check the BTC price.
- Scan your Bitcoin wallet.
- Feed your cash bills into the machine one at a time.
- Click withdraw.
Advantages/disadvantages:
The advantages I love about these ATM machines were:
- Privacy and security fully assured.
- A full cash transaction with no paper trail.
- No hassles of slow exchanges.
I found the disadvantages of these machines were:
- You need to visit a large international airport.
- The larger fee added for the cash and private transaction.
- Only micro-withdrawals were allowed.
I am constantly checking this site for Bitcoin ATMs in airports as I travel at: https://coinatmradar.com/
Here in the UK, even the small corner shops are getting in on the act now too:
Bitcoin ATMs are definitely worth a look if you fancy getting your Bitcoin on the hoof. Go check one out today!
Steem on!