Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!
It is always more expensive to sell/buy
BTC on ATM,than on some exchanges.There is posted here some list of products you can buy for
BTC and there is ATM for some 9+
BTC,and if I remember exactly they say time to return investment is around 3 months.
It is nice to have ATM to buy
BTC or exchange for fiat,but for now it is much expensive then exchanges,but in any case much easier and simpler.
I think that using bitcoin ATM is pretty much stupid right now, i cannot see why anyone who has a lot of money invested in btc would use something like that because of the big difference in value.
After all, if you have bank account then it is not useful nor comfortable because you need to go somewhere if you want to convert crypto into fiat cureemcy, and online exchange is much easier and faster in my opinion.
If bitcoin ATMs are totally anynomous (which i doubt is true) then they might be used for that purpose usually, however i dont see point im using it when the value of owned btc is lower because of atm maintenance etc
I can't agree completely with you.
If you are in some new city, or country, and need your money quickly, what you will do?
Ask friends or parents to send you money with WU? Or International postal order? Bank wire?
All this ways are expensive, with big fees.
If you can find some bitcoin ATM with reasonable fees, why not?
Of course, I will never use bitcoin aTM for bigger amounts, but for quick, small cash, it's the best way, I think.