Cryptocurrency Q&A
How much does CoinFlip Bitcoin ATM charge?
How much does CoinFlip Bitcoin ATM charge?
Alessandro
Sun Oct 20 2024
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6 answers
1357
I'm interested in using a CoinFlip Bitcoin ATM, but I want to know how much they charge for their services. I'm specifically looking for information on transaction fees or any additional costs associated with using their ATM.
6 answers
Maria
Tue Oct 22 2024
Cryptocurrency exchanges and services often charge fees for their transactions, and these can vary significantly depending on various factors. One such factor is the volume of trades being executed. Generally, larger trades may attract lower fees due to economies of scale.
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Nicola
Tue Oct 22 2024
In the case of CoinFlip's Bitcoin ATMs, fees are structured in a way that takes into account both buying and selling transactions. For buying cryptocurrency, the rate can vary from 6.99% to 9.99%, depending on specific conditions and promotions.
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Riccardo
Tue Oct 22 2024
When selling cryptocurrency through CoinFlip's Bitcoin ATMs, the fee is typically lower, at around 4.99%. This reflects the difference in costs associated with facilitating each type of transaction.
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ZenHarmony
Tue Oct 22 2024
Additionally, CoinFlip charges a fluctuating network fee that ranges from $1 to $3 per transaction. This fee covers the cost of processing the transaction on the blockchain and is not controlled by CoinFlip.
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Caterina
Mon Oct 21 2024
It's important to note that these fees are included in the final price of the cryptocurrency being sold or bought. This means that when you make a transaction, you are paying not only for the cryptocurrency itself but also for the services provided by the exchange or ATM.
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