Saw a Bitcoin ATM at my grocery store—how does it even work? Can I buy crypto with cash anonymously? And are the fees crazy?
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Bitcoin ATMs let you buy/sell BTC for cash, but they’re not as ‘anonymous’ as you’d think. Most require ID verification for larger amounts. Here’s a step-by-step breakdown from Paybis https://paybis.com/blog/how-do-bitcoin-atms-work/ . You insert cash, scan your wallet QR code, and the BTC is sent instantly. Fees range from 5–15% (way higher than exchanges), so they’re best for urgency, not regular buys. Use them for small amounts and check the machine’s compliance with local laws—some only support selling, not buying.