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What are the fees associated with using LibertyX Bitcoin ATM?

avatarJorgito da Silva PaivaNov 25, 2021 · 3 years ago2 answers

Can you please provide a detailed explanation of the fees associated with using LibertyX Bitcoin ATM? I would like to know the different types of fees, their amounts, and how they are calculated.

What are the fees associated with using LibertyX Bitcoin ATM?

2 answers

  • avatarNov 25, 2021 · 3 years ago
    When using a LibertyX Bitcoin ATM, you can expect to encounter a few fees. Firstly, there is a convenience fee charged by LibertyX for their service. This fee is typically a percentage of the transaction amount and can vary depending on the specific ATM location. Additionally, there might be a network fee charged by the Bitcoin network itself. This fee is used to prioritize and confirm transactions on the blockchain. It is important to note that these fees are not set by LibertyX and can fluctuate depending on the current network congestion. Lastly, some ATMs might charge an additional fee for cash withdrawals. It's always a good idea to check the fee structure of the specific ATM you plan to use to avoid any surprises.
  • avatarNov 25, 2021 · 3 years ago
    When using a LibertyX Bitcoin ATM, you can expect to encounter a few fees. Firstly, there is a convenience fee charged by LibertyX for their service. This fee is typically a percentage of the transaction amount and can vary depending on the specific ATM location. Additionally, there might be a network fee charged by the Bitcoin network itself. This fee is used to prioritize and confirm transactions on the blockchain. It is important to note that these fees are not set by LibertyX and can fluctuate depending on the current network congestion. Lastly, some ATMs might charge an additional fee for cash withdrawals. It's always a good idea to check the fee structure of the specific ATM you plan to use to avoid any surprises.