How did bitcoin ATM fees change in 2017?

3 answers

• rhhykuDec 29, 2023 · a year ago
  In 2017, bitcoin ATM fees experienced significant fluctuations. At the beginning of the year, fees were relatively high due to the increased demand for bitcoin and the limited number of ATMs available. However, as more ATMs were installed and competition increased, fees started to decrease. By the end of 2017, fees had reached a more reasonable level, making it more affordable for users to buy and sell bitcoin through ATMs. Factors such as market demand, competition among ATM operators, and the overall growth of the cryptocurrency industry played a role in these fee changes.
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• Marcio De OliveiraFeb 21, 2023 · 2 years ago
  Bitcoin ATM fees in 2017 went through a rollercoaster ride. Initially, fees were quite steep, making it expensive for users to transact. However, as the year progressed, the number of bitcoin ATMs increased, leading to a decrease in fees. This was mainly driven by the growing competition among ATM operators. By the end of 2017, fees had become more reasonable, making it easier for individuals to access bitcoin through ATMs. It's important to note that fees can vary depending on the location and the specific ATM operator, so it's always a good idea to check the fees before using a bitcoin ATM.
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• Juan Dela CruzJun 15, 2021 · 4 years ago
  According to data from various sources, bitcoin ATM fees in 2017 showed a downward trend. This can be attributed to the increasing number of bitcoin ATMs being installed worldwide, which led to more competition among operators. As a result, operators had to lower their fees to attract users. Additionally, the overall growth of the cryptocurrency market in 2017 also contributed to the decrease in fees. With more people getting involved in bitcoin and other cryptocurrencies, the demand for convenient ways to buy and sell them increased. This demand, coupled with the expanding network of bitcoin ATMs, led to a decrease in fees throughout the year. It's worth noting that fees can still vary depending on the specific location and operator, so it's always a good idea to check the fees before using a bitcoin ATM.
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