What are the average fees for using a BTC ATM?
Chandraprakash PariharDec 16, 2021 · 3 years ago3 answers
Can you provide some information on the average fees associated with using a Bitcoin ATM? I'm interested in knowing how much it typically costs to withdraw or deposit Bitcoin using these ATMs.
3 answers
- Dec 16, 2021 · 3 years agoThe average fees for using a BTC ATM can vary depending on the specific machine and location. Generally, you can expect to pay a fee ranging from 3% to 8% of the transaction amount. Some ATMs may charge a flat fee instead. It's important to note that these fees can be higher than traditional exchanges due to the convenience and accessibility of ATMs. It's recommended to check the fees of the specific ATM you plan to use before making a transaction.
- Dec 16, 2021 · 3 years agoWhen it comes to BTC ATM fees, it's important to do your research. The fees can vary significantly from one machine to another, so it's a good idea to check the rates of different ATMs in your area. Some ATMs may charge higher fees for the convenience they offer, while others may have lower fees but be located farther away. It's all about finding the right balance between convenience and cost.
- Dec 16, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the average fees for using a BTC ATM are around 5%. However, it's worth noting that fees can vary depending on the specific machine and location. Some ATMs may charge higher fees, especially if they are located in high-traffic areas or offer additional services like buying other cryptocurrencies. It's always a good idea to check the fees before using a BTC ATM to avoid any surprises.
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