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Do bitcoin ATMs charge a flat fee or a percentage fee for a $400 transaction?

avatarLynn TanNov 27, 2021 · 3 years ago3 answers

When using a bitcoin ATM for a $400 transaction, do I need to pay a flat fee or a percentage fee? I want to know the cost involved in making such a transaction.

Do bitcoin ATMs charge a flat fee or a percentage fee for a $400 transaction?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Bitcoin ATMs usually charge a percentage fee for transactions. The fee can vary depending on the specific ATM and the location. It's important to check the fee structure before making a transaction to avoid any surprises. Some ATMs may also have a minimum fee, so keep that in mind as well. Overall, expect to pay a percentage fee for your $400 transaction at a bitcoin ATM.
  • avatarNov 27, 2021 · 3 years ago
    When you use a bitcoin ATM for a $400 transaction, you will likely be charged a percentage fee. The fee can range from 3% to 10% of the transaction amount. However, it's worth noting that fees can vary between different ATMs and locations. It's always a good idea to check the fee structure before making a transaction to ensure you are aware of the costs involved. Additionally, some ATMs may have a minimum fee, so keep that in mind as well. Happy transacting!
  • avatarNov 27, 2021 · 3 years ago
    At BYDFi, we understand that using a bitcoin ATM for a $400 transaction can be convenient. When it comes to fees, most bitcoin ATMs charge a percentage fee for transactions. The fee can range from 3% to 10% of the transaction amount. However, it's important to note that fees can vary between different ATMs and locations. To ensure you have a smooth transaction experience, we recommend checking the fee structure before making a transaction. Remember to also consider any minimum fees that may apply. Happy transacting with bitcoin ATMs!