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Are there any fees associated with using a bitcoin ATM with a debit card?

avatarkhan akilDec 18, 2021 · 3 years ago3 answers

I'm interested in using a bitcoin ATM with my debit card, but I'm wondering if there are any fees associated with it. Can you please provide more information about the fees that may be involved when using a bitcoin ATM with a debit card?

Are there any fees associated with using a bitcoin ATM with a debit card?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are usually fees associated with using a bitcoin ATM with a debit card. The fees can vary depending on the specific ATM and the provider. Some ATMs charge a percentage fee based on the transaction amount, while others may have a fixed fee. It's important to check the fee structure of the ATM before using it to avoid any surprises.
  • avatarDec 18, 2021 · 3 years ago
    Using a bitcoin ATM with a debit card may incur fees. These fees can include transaction fees, conversion fees, and network fees. Transaction fees are charged by the ATM operator and can vary. Conversion fees are charged when converting your fiat currency to bitcoin, and network fees are charged by the bitcoin network for processing the transaction. It's advisable to check the fee structure of the ATM and compare it with other options before making a transaction.
  • avatarDec 18, 2021 · 3 years ago
    When using a bitcoin ATM with a debit card, there may be fees involved. These fees can vary depending on the ATM operator and the specific transaction. Some ATMs charge a flat fee, while others charge a percentage of the transaction amount. It's recommended to research and compare the fees of different ATMs to find the most cost-effective option for your transaction. BYDFi, a popular cryptocurrency exchange, offers a bitcoin ATM service with competitive fees. You can check their website for more information.