What are the fees for using bitcoin ATMs?

3 answers

• Dec 19, 2021 · 3 years ago
  When using bitcoin ATMs, the fees can vary depending on the specific machine and location. On average, the fees range from 3% to 8% of the transaction amount. Some ATMs may also charge additional fees for services like buying or selling bitcoin, printing paper wallets, or using the ATM for other cryptocurrencies. It's important to note that these fees are typically higher compared to fees on online exchanges. However, bitcoin ATMs provide convenience and accessibility for users who prefer cash transactions or don't have access to online platforms.
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• Dec 19, 2021 · 3 years ago
  The fees for using bitcoin ATMs can be quite high compared to online exchanges. It's not uncommon to see fees ranging from 5% to 10% or even higher. These fees are usually justified by the additional costs involved in operating and maintaining physical ATMs, as well as the convenience they offer. If you're planning to use a bitcoin ATM, make sure to check the fees beforehand and consider whether the convenience outweighs the higher costs.
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• Dec 19, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, the fees for using bitcoin ATMs can vary depending on the location and the specific machine. On average, the fees range from 3% to 8% of the transaction amount. Some ATMs may also charge additional fees for services like buying or selling bitcoin, printing paper wallets, or using the ATM for other cryptocurrencies. It's important to compare the fees of different ATMs and consider the convenience they offer before making a transaction.
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