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

avatarKirby ThomasDec 17, 2021 · 3 years ago3 answers

What are the benefits of using a bitcoin ATM instead of online exchanges when it comes to buying and selling bitcoin?

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

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Using a bitcoin ATM offers the advantage of instant transactions. Unlike online exchanges, where you may have to wait for your transaction to be confirmed, bitcoin ATMs allow you to buy or sell bitcoin instantly. This can be especially useful if you need to make a quick transaction or take advantage of a price opportunity.
  • avatarDec 17, 2021 · 3 years ago
    Another advantage of using a bitcoin ATM is privacy. When you use an online exchange, you typically have to provide personal information and go through a verification process. With a bitcoin ATM, you can buy or sell bitcoin anonymously, without the need to disclose your identity. This can be appealing to those who value their privacy and want to keep their transactions discreet.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we believe that using a bitcoin ATM offers the advantage of convenience. With a bitcoin ATM, you can easily buy or sell bitcoin at a physical location near you. This eliminates the need for complicated online registration processes and allows you to have a more personal and hands-on experience with your bitcoin transactions. Additionally, bitcoin ATMs are available 24/7, so you can access your funds whenever you need them.