Bitcoin ATM's are everywhere. You say it isn't like it is cash, something you take out, but if you want to avoid exchanges or banks, you use cash. you can create a new wallet at the ATM and hold your BTC in that wallet, then sell it when you want.
I have used it in the past, have bought BTC, transferred directly to my Trezor.
Obviously if you're a big player, which I'm not, then you go for another option.
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Ah okay. So that is the point of them. You dont take cash out but put it in. So the cash goes in and puts it on your bitcoin wallet?
Is that how they work?
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Yes, exactly. You buy Bitcoin with cash, 5 currencies are accepted at the moment, one is the local currency. But you can also sell Bitcoin and then you take cash out. However, when selling, you can only get local currency.
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Interesting concept. I can see how that is off value.
Two it is a physical cash exchange essentially.
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