How do crypto ATM fees compare to traditional bank ATM fees?

3 answers

• May 05, 2022 · 3 years ago
  When it comes to fees, crypto ATMs and traditional bank ATMs have some notable differences. Crypto ATMs usually charge higher fees compared to traditional bank ATMs. This is mainly due to the higher operating costs associated with running a crypto ATM network. Additionally, the volatility and complexity of cryptocurrencies also contribute to the higher fees. On the other hand, traditional bank ATMs generally have lower fees or even no fees for customers who use their own bank's ATM network. However, it's important to note that fees can vary depending on the specific crypto ATM or bank ATM you use.
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• May 05, 2022 · 3 years ago
  Crypto ATM fees can be quite steep compared to traditional bank ATM fees. This is because crypto ATMs often charge a percentage-based fee on top of the current market price of the cryptocurrency you're buying or selling. The fee can range from 5% to 10% or even higher in some cases. In contrast, traditional bank ATMs typically charge a fixed fee per transaction, which is usually lower than the percentage-based fees of crypto ATMs. It's worth considering these differences in fees when deciding whether to use a crypto ATM or a traditional bank ATM.
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• May 05, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, provides a crypto ATM service with competitive fees. Compared to traditional bank ATMs, BYDFi's crypto ATMs offer lower fees for buying and selling cryptocurrencies. With BYDFi's extensive network of crypto ATMs, users can enjoy the convenience of easily accessing their digital assets while paying lower fees. It's important to compare the fees of different crypto ATMs and traditional bank ATMs to find the most cost-effective option for your needs.
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