Recently heard about bitcoin ATMs and would like to know more about their availability in Australia. Have any of you used them? How does it work?
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Recently heard about bitcoin ATMs and would like to know more about their availability in Australia. Have any of you used them? How does it work?
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Some bitcoin ATMs require verification of your identity, especially for large amounts. So it's better to have your ID with you to make the transaction go smoothly. But in general, it is a convenient and fast way to exchange bitcoins for cash and vice versa.
There are quite a few bitcoin ATMs in Australia. Read about it recently at https://beanstalkmums.com.au/bitcoin-in-australia/. It's a convenient way to buy or sell bitcoins. Basically, you can deposit cash and get bitcoins in your wallet, or vice versa, sell bitcoins and get cash. They are usually located in popular places such as shopping centers and coffee shops. But the fees can vary depending on the ATM and the service provider. I can't tell you exactly, because you need to find out individually.