People can buy bitcoins through special ATM machines. Bitcoin Depot, for example, offers ATM machines in six states - Georgia, Florida, Tennessee, Texas, Massachusetts and Alabama. The investor signs up for an account with Airbitz bitcoin wallet, deposits cash into the ATM, scans a QR code with a special scanner attached to the ATM, and voila - the bitcoins will be in the Airbitz account. However, the ATM method often comes with hefty fees - sometimes in excess of 20%. "If you're a serious investor, that's too much of a cut in fees to make it viable," said Barski. <<<
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