How much does a Bitcoin ATM typically charge for a $2000 withdrawal?

3 answers

• Dec 16, 2021 · 3 years ago
  When it comes to Bitcoin ATMs, the withdrawal fees can vary depending on the specific machine and its location. However, for a $2000 withdrawal, you can expect to pay an average fee of around 7-10%. Keep in mind that this fee is usually higher compared to traditional ATMs due to the additional costs associated with operating a Bitcoin ATM. It's always a good idea to check the fee structure of the ATM before making a withdrawal to ensure you are aware of the charges involved.
  479240
• Dec 16, 2021 · 3 years ago
  Bitcoin ATMs usually charge a percentage-based fee for withdrawals, which means the fee is calculated as a percentage of the total amount withdrawn. For a $2000 withdrawal, the fee can range from 5% to 15%, depending on the specific ATM operator and location. It's important to note that some Bitcoin ATMs may also charge additional fees for certain services, such as converting Bitcoin to cash. To find the most cost-effective option, it's recommended to compare the fees of different Bitcoin ATMs in your area.
  512171
• Dec 16, 2021 · 3 years ago
  According to BYDFi, a leading digital currency exchange, the average fee charged by Bitcoin ATMs for a $2000 withdrawal is approximately 8%. However, it's important to note that fees can vary depending on the specific ATM operator and location. Some Bitcoin ATMs may charge higher fees due to factors such as higher operational costs or the convenience of their location. To ensure you get the best deal, it's recommended to research and compare the fees of different Bitcoin ATMs in your area before making a withdrawal.
  521131