Cryptocurrency Q&A
How much is Bitcoin ATM transfer fee?
How much is Bitcoin ATM transfer fee?
CryptoVisionary
Mon Oct 21 2024
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7 answers
1445
I'm wondering about the cost of using a Bitcoin ATM for transfers. Specifically, how much does it typically charge as a fee for such transactions?
7 answers
Martino
Wed Oct 23 2024
Bitcoin ATMs often levy a substantial surcharge on transactions, with an average of 11% being imposed on users. This fee comprises two distinct components, each contributing significantly to the overall cost.
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CharmedFantasy
Wed Oct 23 2024
Firstly, there is a 4% transaction fee associated with using a Bitcoin ATM. This covers the operational costs of the machine and the maintenance required to keep it functioning smoothly.
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BusanBeautyBloomingStarShine
Wed Oct 23 2024
Secondly, an additional 7% cash exchange fee is charged on top of the transaction fee. This is to cover the costs associated with converting cash into digital currency and vice versa.
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Andrea
Tue Oct 22 2024
With BTCC, users can enjoy the convenience of trading a wide variety of cryptocurrencies and take advantage of advanced trading tools and features. Additionally, the wallet service provided by BTCC ensures that users' digital assets are kept safe and secure.
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SejongWisdomSeeker
Tue Oct 22 2024
In comparison to Bitcoin ATMs, popular cryptocurrency exchanges like Binance and Coinbase offer more competitive fee structures. Binance, for instance, charges fees ranging from 3% to 4.5%, depending on the transaction type and volume.
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