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A Bitcoin ATM, though similar to a traditional ATM, operates entirely within the realm of cryptocurrency. These kiosks allow users to buy Bitcoin and sometimes other cryptocurrencies directly with cash. While not as widespread as traditional ATMs, Bitcoin ATMs offer a convenient way to acquire cryptocurrency without needing a bank account.
BitcoinATMs serve as an on-ramp for new users entering the crypto world. They bridge the gap between physical cash and digital assets, making it easier for peopleto participate in the cryptocurrency ecosystem. However, fees associated with Bitcoin ATM transactions can be higher than those found on online exchanges.
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PlenaFinance, a leading platform in the DeFi (Decentralized Finance) space,potentially leverages Bitcoin ATMs to expand their user base. By integratingwith Bitcoin ATM providers, Plena Finance offers users a way to easily converttheir cash to crypto and participate in DeFi protocols offered by PlenaFinance.
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