You probably heard about bitcoin ATMs but do you know how to use it?
1. of course you need to have a crypto wallet!
2. Prepare the wallet. Make a note of the alphanumeric code for your wallet, or download a QR code to allow for quicker access.
3. Find a bitcoin ATM
4. Set up an account with the ATM operator.
5. Enter your wallet information. At the ATM you will follow a prompt to indicate your wallet – via QR code or alphanumeric key.
6. Deposit your cash
7. Confirm the purchase
But what about the fees?
According to Coin ATM Radar, the average fee for buying crypto at a bitcoin ATM is 8.4%. Some research shows that there are bitcoin ATMs that charge fees of more than 25%, while others commonly charge between 10-15%