How much is a Cryptocurrency ATM?

Cryptocurrency transactions via ATMs often incur substantial fees, with some reaching upwards of 20% or even more. This variation in charges primarily depends on the specific ATM being used and the nature of the transaction being processed.

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A study conducted by Coin ATM Radar has revealed that the average fee for a cryptocurrency transaction through an ATM is approximately 15% per transaction. This figure highlights the generally high cost associated with using ATMs for crypto transactions.

However, it's important to note that these fees are not standardized and can vary significantly from one ATM to another. Some ATMs may offer lower fees, ranging from 2% to 4%, making them more attractive options for users seeking to minimize costs.

Nevertheless, the majority of crypto ATMs tend to charge significantly higher fees than the average. This is due to various factors, including the costs associated with maintaining and operating the machines, as well as the risks involved in handling cryptocurrency transactions.