Bitcoin ATMs Warsaw - rate, commissions and promotions

As is widely known, the bitcoin exchange rate is characterized by high volatility. This makes everyone look for a currency exchange, exchange, or Bitcoin ATM with a favorable rate, that is, the closest to the market price. As global adoption increases, so does its value.

More and more Bitcoin ATMs are being established around the world. More and more Bitcoin ATMs are also appearing in Warsaw. Operators here are trying to catch up with the global trend and meet demand. Cryptocurrencies are proving to be a great investment and payment asset. Some investors have drawn parallels between Bitcoin and commodities and precious metals.

Commission table at Bitcoin ATM informing about sales promotion

Many sites on the web check the current rate and compare it between operators. In the example below, taken from the website Bitcoin ATM Bitcoin in Warsaw (in Niepodległości Avenue), we can see the distribution of commissions.

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A table announcing a promotion for selling Bitcoin +1.2% PLN against exchanges, or +0.9% for selling USDT.

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Promotion for commission at Bitcoin ATM - how to read

Let's use today's rates as an example to understand the variable commission system. Since today (24.06.2022), the promotion is valid for sales, the user can receive up to about +1.2% additional value against the exchanges - and this is what the table in the column to the left shows. In fact, sites like CoinATMradar are not very accurate, so we always have to take into account the fluctuation of the final price (+/- 0.6%).

The operator's commission table is more accurate. BID means the price at which you will sell, and ASK means the price at which you will buy.

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So for accuracy, it's best to use the operator's home page - in this case we used the example of Shitcoins.club - which is a popular operator Bitcoin ATMs in Warsaw. Note that the operator's table does not include percentages. That's because it's hard to determine the base price on which the operator would count the commission. Is the determinant the Binance price? Or perhaps the BitcoinAverage? Who decides this?

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Note that the promotion for BTC and, for example, ETH usually differs slightly.

What is the appeal of Bitcoin ATMs and Bitcoin?

Investors are attracted to Bitcoin ATMs by the fact that bitcoin, as a digital decentralized, will not only allow us to store the value of money, but will allow us to transfer funds faster and more efficiently. Safely, transparently, and yet anonymously (within the limits of KYC, which is the limit of €1,000 or PLN 4,700).

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By excluding banks and intermediaries, we gain time and save on shipments. On the blockchain, our transaction stays permanently. It cannot be stolen or reversed.

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Advantages of Bitcoin ATMs and Bitcoin in Warsaw

Looking at the benefits of this technological step, it is impossible to see that there is powerful value in it. Many of the issues are still unclear. So it's worth it to get a good, reliable service with favorable terms.

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The famous zero commissions in Bitcoin ATM

At Bitcoin ATM in Warsaw you will find favorable exchange rates and often zero commissions. It is worth following social media such as Telegram or Facebook, as you can find there current promotions for zero commissions or even +3% extra btc/pln against the Binance exchange. 3% profit against one of the largest cryptocurrency exchanges - such a profit no trader would despise.

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The investment community

The community of investors, which is constantly growing, is a great source of information as to the impressions and opinions of the use of Warsaw's Bitcoin ATMs. For this purpose, it is also worth visiting Telegram, where everyone has the opportunity to talk to hundreds of users, exchange experiences, see what to watch out for, and how the community is making money from bitomat promotions.

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