What were the average bitcoin ATM fees in 2017?

3 answers

• Dec 17, 2021 · 3 years ago
  In 2017, the average fees for using a bitcoin ATM ranged from 5% to 10% of the transaction amount. These fees were typically higher compared to traditional ATMs due to the additional costs associated with operating a bitcoin ATM. However, it's important to note that fees varied depending on the specific bitcoin ATM and location. Some bitcoin ATMs charged higher fees, while others offered lower rates. Overall, the average fees for bitcoin ATMs in 2017 were relatively higher compared to other methods of buying or selling bitcoin.
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• Dec 17, 2021 · 3 years ago
  Back in 2017, the average fees for using a bitcoin ATM were quite steep. On average, users could expect to pay around 8% to 9% in fees for each transaction. These fees were higher than what you would typically encounter with traditional ATMs, but it's important to consider the convenience and accessibility that bitcoin ATMs provided. While the fees may have been higher, many users found it worthwhile to pay the extra cost for the ability to quickly and easily buy or sell bitcoin using cash.
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• Dec 17, 2021 · 3 years ago
  According to data from BYDFi, a leading digital currency exchange, the average fees for bitcoin ATMs in 2017 were approximately 7% of the transaction amount. These fees were slightly higher compared to other methods of buying or selling bitcoin, but bitcoin ATMs offered the advantage of instant transactions and the ability to use cash. It's worth noting that fees could vary depending on the specific bitcoin ATM and its operator. Some ATMs charged higher fees, while others offered lower rates to attract more users.
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