ATM or Online Exchange?

[JorvikCoin]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

[SmartGold01]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

For those who are fortunate to have access to bitcoin ATM may prefer using it, while those who doesn't have access to bitcoin ATM may prefer using exchange. It's just like limitation to have access to the bitcoin atm, I can have access to exchange and use them to trade and send out money (fiat) to my local bank and uses it to purchase whatever I want, but those who that singly have access to bitcoin ATM can only use their atm and make purchase or carry out online payment, then, the shops or center must accept bitcoin before one could use the ATM for buying items.

[TomPluz]

I don't have any access to a Bitcoin or crypto ATM so there is no choice for me but to use an exchange be a CEX or DEX depending on the specific coins or tokens that I need to exchange. Now, I am actually looking forward to experiencing withdrawing real cash money from a BTC ATM but this is not available in my country right now maybe due to no demand. However, am also concerned on price and fees involved...if an exchange can be better on this aspect then I would do it there most especially if there is already a P2P option which can be so convenient for anyone as I can then use my local money wallet app to finalize any transaction. These days, there are now many options and BTC ATM is now one of them though this is not as accessible as the usual ATMs from banks. Maybe 10 or 20 years from now even normal ATMs will be offering this as one of their products as banks are now looking at how they can make some money from cryptocurrency too.

[KincaidT]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

I think it depends on what you value most. Bitcoin ATMs are great for quick, private transactions, but the fees can add up. Online exchanges often have better security and lower costs though they take a bit longer and need more personal info. I'd go with whatever feels right for your needs.

[MiningChick]

I lean toward BTC ATMs for their speed and privacy, love grabbing crypto quickly without sharing personal details. But online exchanges feel safer for me with lower fees and better security features like 2FA. I think it depends on what you value most, speed or peace of mind. But for me I value both so maybe having an ATM machine with high security system is a plus to me.

[libert19]

If crypto ATMs were available in my country I would be happy to use them for convenience purposes, provided that the fees they would take are reasonable.

[Mia Chloe]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

It's basically a matter of choice. To start with, not everyone has access to bitcoin ATMs and in some regions they are basically just too foreign. As for exchanges people may make use of either centralized or decentralized exchanges and this actually depends on the preference of that person and how seriously he takes his privacy.

More of the persons that prefer to make use of decentralized exchanges are usually the ones that have more privacy awareness especially more than the average person.

[robelneo]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

We don't have a Bitcoin ATM yet here in our country. I wish we could have one day, so our locals only trade on online exchange, so I cannot compare the differences.
But I'm ok with online exchange; the fee is still cheap, but like all the other cryptocurrency holders, we want to have more options to trade our coins; the more, the better for the community.

[hugeblack]

The uses of ATM differ from the uses of Online Exchange, as you use ATM machines when you want to withdraw cash to buy products or from stores that do not accept payment in cryptocurrencies, while the uses of Exchange are broader and can be used in trading, staking, lending, and financial transfers.

[Vx1]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

There are no Bitcoin ATMs here, so the main option is online exchange. I think both have their own advantages and disadvantages, but for me whichever is faster transaction speed and security will be my priority and that is what I will choose.

[Findingnemo]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

Bitcoin ATM are expensive and not available at every corner while exchanges are available 24/7, so what do you prefer privacy or the convenience. Even with online exchanges you got ways to buy or sell cryptos without going through KYC verification via anonymous exchanges or decentralised P2P like Bisq.

[Cryptsafe]

OP, to the best of my knowledge, not all countries are currently opportuned to have Bitcoin ATM at the moment, although some countries do have it and Crypto enthusiasts in that countries do make use of it because of its privacy but however, in some part of the world, online Crypto exchange are mostly preferable because of the privacy and safety it entails. Exchange have p2p functions were you can convert your token or coin to cash just like the ATM and it  is more convenient than going to the bank and standing on the que.

[JISAN]

Some people prefer the speed and privacy of Bitcoin ATMs while others trust online exchanges more for security and lower fees. Which one do you think is better and why?

Using ATM will more easier  to cash out bitcoin but for this moment it is very hard to find bitcoin ATM. People are not used to Bitcoin yet.  And Bitcoin is not legalized in all countries and even in countries where it is legalized, Bitcoin is not widely used as open as FIAT money.  So Bitcoin ATMs are very hard to find everywhere.  Those who have access to ATM can use ATM but those who do not have access to ATH must use exchanger.

[Stompix]

I lean toward BTC ATMs for their speed and privacy, love grabbing crypto quickly without sharing personal details.

Where is the speed and privacy in this?
The ATM is not right in your bedroom you have to go there, you have to come back, you need to deal with the steps in buying it, veryign your address one hundred times to be the same, wait for the confirmation, hold to dear life on the receipt, and then the privacy? Most of them ask for ID for sums over a few hundred dollars, and if you buy less, the fees will take 1/3 of your coins.
Plus, ATMs have cameras, the guys selling you the coins know your face, know your address where you deposited the coins, the so-called privacy is highly misleading.

[Findingnemo]

I lean toward BTC ATMs for their speed and privacy, love grabbing crypto quickly without sharing personal details.

Where is the speed and privacy in this?
The ATM is not right in your bedroom you have to go there, you have to come back, you need to deal with the steps in buying it, veryign your address one hundred times to be the same, wait for the confirmation, hold to dear life on the receipt, and then the privacy? Most of them ask for ID for sums over a few hundred dollars, and if you buy less, the fees will take 1/3 of your coins.
Plus, ATMs have cameras, the guys selling you the coins know your face, know your address where you deposited the coins, the so-called privacy is highly misleading.

On top of that, ATMs are not suitable for big purchase or selling, let's say someone wants to buy 100 Bitcoins which is not feasible through any ATM, and also some of the countries where ATM is available has cap limit per Transactions that makes it highly inconvenient.