Fast And Easy
BTMs provide a fast and easy to use interface. With cash on hand, users can quickly buy Bitcoin. A BTM can also dispense from crypto to cash for withdrawals. This can be faster than using an exchange.You also cannot get cash directly from exchanges, but BTMs can dispense cash on the spot.
Emergency Situations
BTMs are available in many locations. In case you have an emergency accessing your crypto, a BTM can help. Users can withdraw from crypto to fiat, or convert their fiat to crypto at a BTM kiosk.
No Documents Required
If you want to be able to buy crypto without the hassles, a BTM is the best solution. No wait time needed to get approval of your documents (e.g. personal information, bank account, etc.) from an exchange. You can use an existing wallet, or the BTM will provide one for users who do not have a wallet. This also makes it more inclusive to users who want to buy crypto but do not have bank accounts or other financial service brokers.
More Privacy
Using a BTM does not record your personal information, so transactions are more confidential. Transactions on exchanges are pseudonymous since your wallet is attached to your government issued identity. With a BTM, users have more privacy since it is not connected to personal data or bank accounts.
Security And Reliability
When using a BTM, you are doing a peer-to-peer
transaction with the operator. The operator is connected to the blockchain
from their BTM. Since users go online when using exchanges, there are
more chances of being hacked, compared to a BTM. Transaction problems
are also easier to resolve since users are dealing directly with the operator
of the BTM.