What are the charges for using a Bitcoin ATM to buy or sell coins?
JedyAndyDec 17, 2021 · 3 years ago1 answers
Can you please provide a detailed explanation of the charges associated with using a Bitcoin ATM to buy or sell coins? I would like to know the fees involved and if there are any additional costs to consider.
1 answers
- Dec 17, 2021 · 3 years agoWhen it comes to using a Bitcoin ATM to buy or sell coins, there are charges involved. These charges typically include a percentage-based fee, which can vary depending on the specific ATM and location. The fee can range from 3% to 8% of the transaction amount. In addition to the percentage-based fee, some ATMs may also charge a fixed fee per transaction, usually ranging from $1 to $5. It's important to be aware of these charges and factor them into your decision-making process. Additionally, keep in mind that the exchange rate used by the ATM may not be the most favorable, so it's worth comparing rates with other exchanges or platforms to ensure you're getting the best deal.
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