Torque
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May 13, 2018, 03:11:28 AM
Last edit: May 13, 2018, 03:33:12 AM by Torque


With a +7-10% buy premium, people will never use them though.


This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it.