Bitcoin ATMs, now exceeding 6,700 globally, offer benefits like avoiding high currency exchange rates for travelers and serving as remittance vehicles. However, they come with significant drawbacks, including high transaction fees (5-20%), price markups (8-15%), privacy concerns due to KYC regulations, and susceptibility to scams, making them less suitable for regular commercial use. Despite these issues, their presence aids in increasing public awareness and adoption of cryptocurrencies.
