This is like getting a loved one a dog or cat without them asking first. There’s a story that goes around about Easter that people purchase rabbits as a gift. The rabbits are then discarded by the receiver, who — it turns out — is unable to care for an animal. This is a Bitcoin ATM. It’s basically the dog, cat or rabbit of Bitcoin gifts.
Bitcoin ATMs take knowledge. They need love. The operator is responsible for not only the underlying software that drives the ATM, but, as well, the hardware customers actually use. For instance, a cash dispenser. Many Bitcoin ATMs have those. Do you know how to care for one of these things? They key pad — well, the key pad can break at anytime. And where are you going to keep your ATM? And once you do, what happens if someone decides they want to vandalize it?
And we haven’t even gotten to managing the bitcoins yet.
But, let’s say you’ve got a sophisticated Bitcoin friend with some bitcoins sitting around doing nothing. And they just so happen to have a high-trafficked spot (let’s say, trafficked by those working in/around high risk industries), then by all means, give the gift of cashin’ in.
You can learn more about the different Bitcoin ATM’s at the very informative site, CoinATMRadar.com.
