Over the course of the past few years, I have watched people on here complain about the fees that cryptocurrency ATMs charge for in-person buying and selling of crypto.
My post here is *not* an advertisement since my company is in the pre-launch phase and we actually only have two beta machines in the wild that are unpublished (locations not disclosed).
In building our website, I decided to include this page that explains the fees we incur as a crypto ATM business in a lot of detail. Most importantly, why the ATM fees are so damned high. It took a lot of time to write and try to clearly explain. See:
I sincerely welcome any feedback anyone has on this page. Grammar, typos, agreements, disagreements, things you would add, things you would change, etc.
IMHO, the last section titled "Fee Summary" is the most important. In includes the following statement:
At the moment, nobody is getting rich off this type of business. It's more about increasing adoption and giving access to crypto to more individuals who otherwise wouldn't be able.
Thanks,
Mike
CEO, CoinMover
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