Ok, so this is some interesting subject in my opinion because the first payout from my Bitcoin was on ATMs.
I also bought some Bitcoins (about 200$) via ATMs and it was a great experience at the beginning.
There are 8 different types of Bitcoin ATMs;
In my country, Croatia we have 4 Bitcoin ATMs and it's great for this small country, but it's not perfect as it seems, for example in the capital of Croatia - Zagreb, there is a Bitcoin ATM that doesn't work. You can't buy any Bitcoins and you can't also withdraw any of it, so it was a terrible experience to work with it.
In Split, I had a much better experience - it was fast, simple and fees weren't big, but things changed there too- fees are just too big and I met the owner of that ATM and he gave me an advice to not sell or buy anything there because i will just lose my money, he also talked something about Chinese miners, but I didn't understand him well.
ATMs are great, because you can see all of them on site https://coinatmradar.com/ - so you can travel all around the world to find the best ATM for our needs.
For example, if you want to buy or sell Bitcoins, you will pay - Buy: 7.0%, Sell: 8.7%
But, if you think about Coinbase and banks, this is not so high - because if the bank see that your transactions were made from cryptos, you will also pay some taxes (taxes in Croatia for cryptocurrencies are 12%.)
So, if you decide to buy or sell some of your cryptos at ATM, I will explain you how simple is that;
At the moment in the world (in 63 countries) are 2464 ATMs!
Thanks for reading this - I hope it was helpful!
