Acquiring Ripple’s XRP cryptocurrency has become easier than ever for the mainstream public as, BelcoBTM, an up-and-coming US cryptocurrency kiosk company, has announced the support of XRP in its 12 crypto ATMs located in stores across New Jersey.
Due to popular demand, on April 17 BelcoBTM announced the support of XRP across their New Jersey crypto ATMs, and has since received excellent responses from the XRP community.
An XRP fan by the name of “CrytpoMedia News Desk” shared his experience of purchasing XRP from one of BelcoBTM crypto ATMs via Twitter:
Just bought $xrp in NJ from one of @BelcoBTM atms to @TrustWalletApp, ATM is fast and easy to use, Fees are a little high but still #XRP in an ATM is a gamechanger, glad to be from the first users of this service. #xrpcommunity #xrparmy #xrpthestandard #xrpthebase pic.twitter.com/ys2Md7aw6T
— CryptoMedia News Desk (@CryptoMediaDesk) April 19, 2019
BelcoBTM Crypto ATMs: Fees, Supported Cryptos, and Locations
BelcoBTM provides anyone who wishes to buy and sell cryptocurrencies with a simple and easy experience that only requires 3 steps. The company’s crypto ATMs use Generlabytes ATM machines, a leading bitcoin and blockchain technology provider that’s flexible with integrating new coins.
Currently, BelcoBTM crypto ATMs support 5 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), and the recently supported XRP crypto token. All of these crypto assets can be purchased or sold using their ATMs located in 12 stores across New Jersey.
As for the kiosks’ fees, they are unfortunately very high, with the firm charging fees between 5-12% based on customer tier. However, these fees are to be expected, as nearly every crypto ATM has higher fees than online cryptocurrency exchanges.
The firm recently said that they are working on plans to reduce these fees:
fees can be anywhere between 5% to 12% based on customer tier. it is still high but we are working on a plan to bring it down drastically
— BelcoBTM (@BelcoBTM) April 19, 2019
Do you prefer to buy and sell crypto from ATMs or cryptocurrency exchanges? Do you think the mainstream public will buy XRP from these ATMs or will they be scared off by the high fees? Let us know what you think in the comment section below.