Are there any fees associated with using a bitcoin ATM machine?

3 answers

• Imran HaiderMar 20, 2023 · 2 years ago
  Yes, there are fees associated with using a bitcoin ATM machine. The fees can vary depending on the specific machine and the operator. Generally, there are two types of fees: transaction fees and exchange rate fees. Transaction fees are charged for each transaction made at the ATM, and they can range from a few dollars to a percentage of the transaction amount. Exchange rate fees are charged when you convert your cash into bitcoin or vice versa, and they can also vary. It's important to check the fees before using a bitcoin ATM machine to avoid any surprises.
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• Tanveer SinghJan 05, 2025 · 5 months ago
  Using a bitcoin ATM machine usually incurs fees. These fees can be quite high compared to other methods of buying or selling bitcoin. The transaction fees can range from 5% to 10% of the transaction amount, and the exchange rate fees can also be unfavorable. It's recommended to compare the fees of different bitcoin ATM machines and consider alternative methods if the fees are too high.
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• KKKFeb 18, 2024 · a year ago
  Yes, there are fees associated with using a bitcoin ATM machine. For example, at BYDFi, one of the popular bitcoin ATM operators, the fees are transparent and displayed on the machine screen. The transaction fee is usually around 7% of the transaction amount, and the exchange rate fee is included in the displayed rate. It's important to note that fees may vary between different bitcoin ATM operators and locations, so it's always a good idea to check the fees before using a specific machine.
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