What are the fees associated with using a Bitcoin ATM in the USA?

3 answers

• Nov 24, 2021 · 3 years ago
  When using a Bitcoin ATM in the USA, you can expect to encounter several types of fees. The most common fees include transaction fees, which are charged for each Bitcoin transaction you make at the ATM. These fees can vary depending on the ATM operator and can range from 3% to 8% of the transaction amount. Additionally, some ATMs may charge a fixed fee for using their services. It's important to note that these fees can be higher than those associated with other methods of buying Bitcoin, such as using a cryptocurrency exchange. However, Bitcoin ATMs offer the convenience of instantly buying Bitcoin with cash, which may outweigh the higher fees for some users.
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• Nov 24, 2021 · 3 years ago
  Using a Bitcoin ATM in the USA can be a convenient way to buy Bitcoin, but it's important to be aware of the fees involved. In addition to transaction fees, some Bitcoin ATMs may also charge a markup on the exchange rate. This means that you may end up paying a higher price for Bitcoin compared to the current market rate. It's always a good idea to compare the fees and exchange rates of different Bitcoin ATMs before making a purchase. Additionally, keep in mind that Bitcoin ATMs may also have withdrawal limits, so if you're planning to buy a large amount of Bitcoin, you may need to use multiple ATMs or consider alternative methods.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, a popular Bitcoin ATM operator in the USA, the fees for using their Bitcoin ATMs are as follows: a transaction fee of 5% of the transaction amount, plus a fixed fee of $5. These fees are competitive compared to other Bitcoin ATMs in the market. However, it's important to note that fees can vary depending on the location and operator of the Bitcoin ATM. It's always a good idea to check the fees and terms of service before using a specific Bitcoin ATM. Additionally, keep in mind that the fees associated with Bitcoin ATMs may change over time, so it's important to stay updated on the latest fee structures.
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