Cryptocurrency Q&A
Does bitcoin depot charge a fee?
Does bitcoin depot charge a fee?
Daniele
Fri Jul 05 2024
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8 answers
2119
Excuse me, I'm just wondering about the financial implications of using Bitcoin Depot. Could you please elaborate on whether Bitcoin Depot imposes any fees on its users? I'm particularly interested in knowing if there are any deposit or withdrawal charges, as well as any transaction fees. It's important for me to understand the total cost of using this service, so I can make an informed decision about whether it's suitable for my needs. Your clarity in this matter would be greatly appreciated.
8 answers
Martina
Sun Jul 07 2024
Today, the ATM exchange rate for a single bitcoin stood at $11,294.
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Stefano
Sun Jul 07 2024
Upon contacting the customer service support of Bitcoin Depot, I was informed that all their ATMs levy a 20% fee.
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Ilaria
Sun Jul 07 2024
This revelation came as a surprise, given the substantial markup from the standard exchange rate.
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noah_wright_author
Sun Jul 07 2024
The representative from their customer service, who seemingly operated from an Indian location, provided the details.
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Martino
Sat Jul 06 2024
Given the high fees and potential lack of transparency, customers should exercise caution before using Bitcoin Depot ATMs for their cryptocurrency transactions.
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