What are the fees associated with sending money through a Bitcoin ATM?

3 answers

• peeyus hr20 sainiApr 23, 2024 · a year ago
  When it comes to sending money through a Bitcoin ATM, there are several fees that you need to be aware of. First, there is usually a transaction fee charged by the Bitcoin ATM operator. This fee can vary depending on the specific ATM and can range from a fixed amount to a percentage of the transaction value. Additionally, there may be a network fee charged by the Bitcoin network itself. This fee is used to prioritize transactions on the network and ensure faster confirmation times. Finally, some Bitcoin ATMs may also charge a conversion fee if you are sending money in a different currency than the ATM's default currency. It's important to check the fee structure of the specific Bitcoin ATM you are using to understand the exact fees involved.
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• SHAMIL ESNov 15, 2024 · 8 months ago
  Sending money through a Bitcoin ATM can come with various fees. The transaction fee is the most common fee you'll encounter. This fee is typically charged by the ATM operator and can vary depending on the location and operator. It's important to note that this fee is separate from any network fees that may be charged by the Bitcoin network itself. Network fees are used to incentivize miners to include your transaction in the next block and can vary depending on network congestion. Additionally, some Bitcoin ATMs may charge a conversion fee if you are sending money in a different currency. It's always a good idea to check the fee structure of the specific Bitcoin ATM you plan to use before making a transaction.
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• Moh RizaSep 18, 2024 · 9 months ago
  When sending money through a Bitcoin ATM, the fees can vary depending on the specific ATM and its operator. Typically, there is a transaction fee charged by the ATM operator, which can range from a fixed amount to a percentage of the transaction value. Additionally, there may be network fees charged by the Bitcoin network itself to prioritize transactions. These fees can fluctuate based on network congestion. It's also important to consider any conversion fees that may be applied if you are sending money in a different currency. Different Bitcoin ATMs may have different fee structures, so it's advisable to check the fees before using a specific ATM.
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