I found a bitcoin ATM in a gas station i go to.
It was one of those surreal experiences that i had,
i thought to myself, "Whoa is this for real"
The fact is i had seen it a month ago,
and was genuinely surprised by it.
I was not expecting to see any ATM's anytime soon.
Back then the prices of Bitcoin were around $1700-1800 and they were selling 1 bitcoin at around $2500
Look at it now--
(Caught myself there too)
They are now surcharging around $1000 more than the actual market price of the bitcoin.
The price for convenience?
Not really-
It is actually a painful experience of going to the gas station, paying so much more than its current worth
and then having to verify yourself first, before being able to buy it.
So, why are these in existence?
My guess is since people do not know how exactly to buy it,
if you are a person who just heard about bitcoins and its growth
and wanted to buy it so you don't miss out on it.
Then, i am guessing you wouldn't have proper knowledge of where to buy it.
And Bingo!!! When people see it at their local Gas station, They buy it.
The fact is Bitcoin ATM's aren't so hard to find these days.
This map shows where to find the Bitcoin ATM's near you.
(https://coinatmradar.com/)
The funny thing is when i asked the cashier what it was he explained or tried to atleast by saying,
"It is like Western Union"
So, naturally i smiled and was no i know what it is, but...
Then, his supervisor stepped up and said, "It's for hiding money"
Pretty soon these won't be necessary at all because people will be transacting with cryptocurrencies entirely with only their smartphones. They will be able to convert dollars to crypto in real time too.
yeah i totally agree,
but i guess till then these definitely are going to play some role..
This is a really interesting post, really cool i wanna see a Bitcoin Atm , maybe even buy from it, i think its a really cool idea.
Dude there might be some atm near you.
just check the map on the link i have posted..
if u just want to do it dor the experience , go do it! but pricewise it does not make sense .
Thanks I checked the map there is not one ATM close to me. But thanks
I assume there would be one near you pretty soon, the way it has been going up parabolically. Just Keep ur eyes open..
Will do.😀