Cryptocurrency Q&A
How much does a bitcoin machine charge per $100?
How much does a bitcoin machine charge per $100?
Rosalia
Sun Oct 13 2024
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6 answers
1560
I'm wondering about the fees charged by a Bitcoin machine. Specifically, how much does it cost to use the machine to buy $100 worth of bitcoins?
6 answers
TeaCeremony
Tue Oct 15 2024
The question of how much a Bitcoin ATM charges per $100 is a common inquiry among users of the cryptocurrency. The fees charged by these terminals can vary significantly, depending on various factors.
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Sara
Tue Oct 15 2024
On average, the fee for a $100 Bitcoin transaction through an ATM can range from approximately $8 to $20. This wide range reflects the differing policies and costs associated with operating these machines.
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Lorenzo
Tue Oct 15 2024
It's worth noting that these fees are in addition to the standard network fees associated with Bitcoin transactions, which are paid to miners as an incentive to process and confirm the transactions on the blockchain.
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ShintoMystery
Mon Oct 14 2024
For those seeking to minimize their fees, it's possible to find Bitcoin ATMs that charge lower rates. In some cases, users may even stumble upon machines that charge as little as $4 per $100 transaction.
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CryptoQueen
Mon Oct 14 2024
However, finding these lower-fee ATMs can be challenging, as their availability can vary greatly depending on location and demand.
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