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How can I avoid ATM fees when buying or selling cryptocurrencies?

avatarPimsDec 17, 2021 · 3 years ago3 answers

What are some strategies to avoid ATM fees when purchasing or selling cryptocurrencies?

How can I avoid ATM fees when buying or selling cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One way to avoid ATM fees when buying or selling cryptocurrencies is to use a peer-to-peer exchange platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries like ATMs. By using a peer-to-peer exchange, you can negotiate the terms of the transaction and avoid any additional fees. Additionally, you can also consider using online exchanges that offer low or no transaction fees. These exchanges typically operate entirely online, allowing you to buy or sell cryptocurrencies without the need for physical ATMs. By doing your research and choosing the right exchange, you can minimize or even eliminate ATM fees when dealing with cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    If you want to avoid ATM fees when buying or selling cryptocurrencies, you can also consider using a debit card linked to a cryptocurrency wallet. Some wallets offer debit cards that allow you to make purchases or withdrawals directly from your cryptocurrency balance. By using a debit card, you can bypass the need for ATMs and their associated fees. However, it's important to note that not all wallets offer this feature, so make sure to choose a wallet that supports debit card transactions if this is a priority for you.
  • avatarDec 17, 2021 · 3 years ago
    Another option to avoid ATM fees when buying or selling cryptocurrencies is to use a cryptocurrency exchange that offers a mobile app. With a mobile app, you can conveniently buy or sell cryptocurrencies directly from your smartphone, without the need for physical ATMs. Some exchanges even offer special features like zero-fee trading or discounted fees for mobile app users. By using a mobile app, you can save on ATM fees and have more control over your cryptocurrency transactions.