ATM or Online Exchange?

[Cryptsafe]

It's the same in my country there are no bitcoin ATMs, only local exchanges, but that doesn't rule out the possibility of people investing in bitcoin, especially since our society is tempted by FOMO, a trend, so many people already know about crypto adoption in society, hopefully in the future bitcoin will be legalized to be used as a legitimate investment

Bitcoin has become a legal investment in my country, unfortunately it cannot be used as a payment method. even though we also heard news in Elsavador that bitcoin can be used as a payment.
but with it being legalized as an investment tool, we are grateful. Because previously we were hesitant to invest in crypto, because we were afraid of getting into legal trouble.

At least this is a good step taken by your government to making sure Bitcoin is heard in your country. For the fact that your country already accept it as an investment, it definitely means that in the feature to come, there might likely be a revisit to implement it being a means of exchange for services.

As for now, you can use Bitcoin as a reserve for your assets while you watch it increase in value, you can also trade with it maybe you could make more profit from it without the government coming after you.

[MUGNIA]

It's the same in my country there are no bitcoin ATMs, only local exchanges, but that doesn't rule out the possibility of people investing in bitcoin, especially since our society is tempted by FOMO, a trend, so many people already know about crypto adoption in society, hopefully in the future bitcoin will be legalized to be used as a legitimate investment

Bitcoin has become a legal investment in my country, unfortunately it cannot be used as a payment method. even though we also heard news in Elsavador that bitcoin can be used as a payment.
but with it being legalized as an investment tool, we are grateful. Because previously we were hesitant to invest in crypto, because we were afraid of getting into legal trouble.

At least this is a good step taken by your government to making sure Bitcoin is heard in your country. For the fact that your country already accept it as an investment, it definitely means that in the feature to come, there might likely be a revisit to implement it being a means of exchange for services.

As for now, you can use Bitcoin as a reserve for your assets while you watch it increase in value, you can also trade with it maybe you could make more profit from it without the government coming after you.

Just enjoy the process for this, being able to invest and buy and sell without any burdensome pressure from the government is something I am very grateful for even though they charge taxes, but in my opinion it is still within reasonable limits.

[Cryptsafe]

It's the same in my country there are no bitcoin ATMs, only local exchanges, but that doesn't rule out the possibility of people investing in bitcoin, especially since our society is tempted by FOMO, a trend, so many people already know about crypto adoption in society, hopefully in the future bitcoin will be legalized to be used as a legitimate investment

Bitcoin has become a legal investment in my country, unfortunately it cannot be used as a payment method. even though we also heard news in Elsavador that bitcoin can be used as a payment.
but with it being legalized as an investment tool, we are grateful. Because previously we were hesitant to invest in crypto, because we were afraid of getting into legal trouble.

At least this is a good step taken by your government to making sure Bitcoin is heard in your country. For the fact that your country already accept it as an investment, it definitely means that in the feature to come, there might likely be a revisit to implement it being a means of exchange for services.

As for now, you can use Bitcoin as a reserve for your assets while you watch it increase in value, you can also trade with it maybe you could make more profit from it without the government coming after you.

Just enjoy the process for this, being able to invest and buy and sell without any burdensome pressure from the government is something I am very grateful for even though they charge taxes, but in my opinion it is still within reasonable limits.

Yes, it is within reasonable limits that they can buy, sell, and hold even going as far as using it as a store of value or reserve for their assets. However, the government is not left out because they too benefit from the transactions as they involve crypto traders in their countries and this means more income and revenue for them.

[Stuart]

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?

Are you talking about Automated Teller Machine? Gee, I thought it's still something under development, though only having in mind that El Savador is/will be the only one using it if it has already been in existence. It's cooling hearing this.

For me, I make use of exchanges, cause Bitcoin or Crypto ATM is one thing I'm not sure of getting access to anytime soon. Without the presence of it, there's no using it. Exchanges are fast, convenient and at the rest of your home. It doesn't really need walking or standing in some que. 

[rizqillah]

Yes, it is within reasonable limits that they can buy, sell, and hold even going as far as using it as a store of value or reserve for their assets. However, the government is not left out because they too benefit from the transactions as they involve crypto traders in their countries and this means more income and revenue for them.

If we transact on a local exchange, of course we will pay taxes or be charged fees. and the government will take advantage of the tax revenue.
there are many things we can do in crypto including transacting on local exchanges. However, if we transact on a global exchange, our country's government has difficulty collecting taxes.

[sampoerna]

It seems that there are pros and cons to using ATMs or online exchanges when making transactions. Yes, it is related to privacy, convenience, and sometimes also related to the costs. They have their own pros and cons.

Personally, for now there is no option to withdraw or transact Bitcoin or crypto via ATM. Yes, because it is not yet available in my area. So you can only do it using an online exchange. And of course, it also has to be a local exchange registered with our state institution. Yes, they have to be centralized, this is annoying because there is no privacy, but it tends to be safer than doing P2P with people we don't know. Unless you already know each other, it is much better with P2P.

[Z-tight]

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?

Transaction fees is high on BTC atm's and that is why a lot of people do not use it, many times they also request for kyc, so it makes it no different from a centralized exchange, just a little bit less convenient. Needless to say that it is hard to find a BTC atm, depending on where you are living.

[Faisal2202]

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 would prefer online exchanges because they are easy to access anywhere in the world, while to access these bitcoin ATMs we have to reach some specific points and TBH for a crypto holders such ATMs can't be save, therefore anonymity is the top priority in regions where the crime rate is high.

I heard a news that some YouTuber girl was murdered while the group of people asked her for crypto and in the end they killed her, the point is we should never reveal we have crypto and thus if we go to such points to withdraw funds others can easily know we have crypto, and in their minds they will think we have more and more and they harm us too, I know I am being too paranoid here but this is the reality.

[albon]

I simply want to do imaging, the most significant difference between a bitcoin ATM and an exchange is ease of access. A bitcoin ATM allows you to buy bitcoin with cash in a few easy steps, often at a physical location to close to your home. This feature is a huge advantage so especially for those who are new to cryptocurrency or prefer to handle their financial transactions privately.
In contrast, cryptocurrency exchanges require you to set up an online account, go through a lengthy verification process and understand how to navigate a digital platform which can be difficult for beginners.

[0t3p0t]

I simply want to do imaging, the most significant difference between a bitcoin ATM and an exchange is ease of access. A bitcoin ATM allows you to buy bitcoin with cash in a few easy steps, often at a physical location to close to your home. This feature is a huge advantage so especially for those who are new to cryptocurrency or prefer to handle their financial transactions privately.
In contrast, cryptocurrency exchanges require you to set up an online account, go through a lengthy verification process and understand how to navigate a digital platform which can be difficult for beginners.

Downside for Bitcoin ATM'S is that fees are quite high and these machines are also isolated in most areas especially in third world countries like mine. Availability of these machines can only be seen in huge cities the reason why this is not accessible to most Bitcoiners. Here in my province there is no such thing as Bitcoin ATM and based on what I read online fee is way too high.

[doc]

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?

Transaction fees is high on BTC atm's and that is why a lot of people do not use it, many times they also request for kyc, so it makes it no different from a centralized exchange, just a little bit less convenient. Needless to say that it is hard to find a BTC atm, depending on where you are living.

There are not many bitcoin ATMs, even in big countries that have not accepted and allowed bitcoin as a payment method or investment, we will not meet bitcoin ATMs. High gas fees and if it is not yet popular in a country will make the ATM unsaleable.

[Z-tight]

There are not many bitcoin ATMs, even in big countries that have not accepted and allowed bitcoin as a payment method or investment, we will not meet bitcoin ATMs. High gas fees and if it is not yet popular in a country will make the ATM unsaleable.

Just a small correction, it is transaction fees, i don't like BTC transaction fees being called gas fees. However, you are right, before we can put forward a question of centralized exchange or BTC ATM, there has to be BTC ATM's wherever one turns to, but we know that is not going to happen.

[vegasus]

There are not many bitcoin ATMs, even in big countries that have not accepted and allowed bitcoin as a payment method or investment, we will not meet bitcoin ATMs. High gas fees and if it is not yet popular in a country will make the ATM unsaleable.

Just a small correction, it is transaction fees, i don't like BTC transaction fees being called gas fees. However, you are right, before we can put forward a question of centralized exchange or BTC ATM, there has to be BTC ATM's wherever one turns to, but we know that is not going to happen.

Yes, even if you want to ban a new meme project that is about to be launched, this is also quite difficult. because there is no platform or certain party that regulates all of this. moreover, this also depends on the community, how the developers attract a lot of attention and make the meme tokens community bigger for their project. and the way is indeed related to the hype.

So what we can do is we personally have to fortify ourselves from various things, if you are interested in entering meme coins, make sure that we have a good handle and understanding of when to enter and when to exit. don't just follow FOMO, you will lose.

[jeraldskie11]

There are not many bitcoin ATMs, even in big countries that have not accepted and allowed bitcoin as a payment method or investment, we will not meet bitcoin ATMs. High gas fees and if it is not yet popular in a country will make the ATM unsaleable.

Just a small correction, it is transaction fees, i don't like BTC transaction fees being called gas fees. However, you are right, before we can put forward a question of centralized exchange or BTC ATM, there has to be BTC ATM's wherever one turns to, but we know that is not going to happen.

Yes, even if you want to ban a new meme project that is about to be launched, this is also quite difficult. because there is no platform or certain party that regulates all of this. moreover, this also depends on the community, how the developers attract a lot of attention and make the meme tokens community bigger for their project. and the way is indeed related to the hype.

So what we can do is we personally have to fortify ourselves from various things, if you are interested in entering meme coins, make sure that we have a good handle and understanding of when to enter and when to exit. don't just follow FOMO, you will lose.

We can't ban meme projects because some of them is not scam. From the word "meme" we understand that investing in this type of project is very risky. Most of the meme projects have no utility, so what we have to expect in them? Nothing. But because of the hype, there are whales who invested in it that's why we can see some meme projects have billions of marketcap. The only thing we can do if you don't like meme projects is to avoid investing in them, this is the best thing you can do.

[albon]

I simply want to do imaging, the most significant difference between a bitcoin ATM and an exchange is ease of access. A bitcoin ATM allows you to buy bitcoin with cash in a few easy steps, often at a physical location to close to your home. This feature is a huge advantage so especially for those who are new to cryptocurrency or prefer to handle their financial transactions privately.
In contrast, cryptocurrency exchanges require you to set up an online account, go through a lengthy verification process and understand how to navigate a digital platform which can be difficult for beginners.

Downside for Bitcoin ATM'S is that fees are quite high and these machines are also isolated in most areas especially in third world countries like mine. Availability of these machines can only be seen in huge cities the reason why this is not accessible to most Bitcoiners. Here in my province there is no such thing as Bitcoin ATM and based on what I read online fee is way too high.

Bitcoin is still illegal in many countries so if its acceptance increases in every country in the future, then bitcoin ATM will be available everywhere. There are thousands of bitcoin ATM in the United States. These include traditional ATM where customers can purchase bitcoin using their debit cards or cash kiosks so where customers can purchase bitcoin using cash. Moreover, if you prefer to buy groceries in person rather than online then it may be more suitable for you than buying bitcoin directly. Bitcoin ATM provide convenient and instant access to your bitcoin. They do this by accepting instant and irreversible payment methods to prevent fraud.