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What is the typical fee for withdrawing cash from a bitcoin ATM machine?

avatarabubakar musaDec 17, 2021 · 3 years ago3 answers

I'm interested in using a bitcoin ATM machine to withdraw cash, but I'm not sure how much it will cost. Can you tell me what the typical fee is for withdrawing cash from a bitcoin ATM machine?

What is the typical fee for withdrawing cash from a bitcoin ATM machine?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The typical fee for withdrawing cash from a bitcoin ATM machine can vary depending on the specific machine and location. However, on average, you can expect to pay around 3-5% of the transaction amount as a fee. Keep in mind that some bitcoin ATMs may charge higher fees, especially if they are located in areas with limited access to traditional banking services.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to withdrawing cash from a bitcoin ATM machine, the fees can vary. It's important to check the fee structure of the specific machine you plan to use. Some bitcoin ATMs charge a fixed fee, while others charge a percentage of the transaction amount. Additionally, the fees may also depend on the amount of cash you want to withdraw. It's always a good idea to compare the fees of different bitcoin ATMs before making a withdrawal.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, a leading digital currency exchange, we strive to provide our users with the best possible experience. While we don't operate bitcoin ATMs, we can provide some general information. The typical fee for withdrawing cash from a bitcoin ATM machine is usually around 3-5% of the transaction amount. However, it's important to note that fees can vary depending on the specific machine and location. We recommend checking the fee structure of the bitcoin ATM you plan to use for the most accurate information.