Cryptocurrency Q&A
How much does Bitcoin ATM charge per transaction?
How much does Bitcoin ATM charge per transaction?
Valentino
Fri Mar 29 2024
|
7 answers
1330
Excuse me, I'm quite interested in Bitcoin ATMs and their services. Could you please tell me how much does a Bitcoin ATM charge for each transaction? I'm aware that the cost might depend on several factors such as the amount of transaction, the type of ATM, or even the location. However, I would appreciate it if you could provide me with a general ballpark figure or an average cost. Additionally, are there any hidden costs or fees that I should be aware of? Thank you for your time and assistance.
7 answers
CryptoVisionary
Sun Mar 31 2024
However, fees can vary widely depending on the ATM's location and operator. Some ATMs may charge as little as 4% for transactions, making them a cost-effective option for those seeking to buy Bitcoin in person.
Was this helpful?
212
95
EchoSeeker
Sun Mar 31 2024
Conversely, other Bitcoin ATMs may have fees as high as 20%, reflecting a more niche or less competitive market. These higher fees may discourage some users from using ATMs, favoring online exchanges instead.
Was this helpful?
103
47
Lorenzo
Sun Mar 31 2024
Online cryptocurrency exchanges, on the other hand, typically offer lower transaction fees. Many exchanges charge less than 1.5% on transactions involving highly liquid currencies like Bitcoin.
Was this helpful?
254
45
Carolina
Sun Mar 31 2024
Bitcoin ATMs often levy a fee ranging from 9% to 12% for purchasing Bitcoin. This cost reflects the convenience and accessibility of these machines, which allow users to convert cash directly into digital currency.
Was this helpful?
147
78
SsamziegangSerenadeMelodyHarmony
Sun Mar 31 2024
This lower cost structure is due to the efficiency and scalability of online platforms. These exchanges can process transactions more quickly and cheaply, without the need for physical ATM infrastructure.
Was this helpful?
237
86
Load 5 more related questions
