What are the fees associated with using a Monero ATM for cryptocurrency transactions?

3 answers

• May 02, 2022 · 3 years ago
  When using a Monero ATM for cryptocurrency transactions, you can expect to pay a fee for the convenience of using the machine. The exact fee amount can vary depending on the specific ATM and its operator. It's important to note that these fees are typically higher than those associated with traditional online exchanges. However, the advantage of using an ATM is the ability to buy or sell Monero in person, which can be more convenient for some users.
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• May 02, 2022 · 3 years ago
  The fees associated with using a Monero ATM can vary depending on the location and the operator. Some ATMs charge a percentage fee based on the transaction amount, while others may charge a flat fee. Additionally, there may be additional fees for certain services, such as converting Monero to fiat currency. It's recommended to check the fees displayed on the ATM screen before making any transactions to avoid any surprises.
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• May 02, 2022 · 3 years ago
  At BYDFi, one of the leading cryptocurrency exchanges, we don't operate Monero ATMs. However, based on our industry knowledge, the fees associated with using a Monero ATM can range from 5% to 10% of the transaction amount. These fees are higher compared to online exchanges due to the convenience and accessibility provided by the ATMs. It's always a good idea to compare the fees of different ATMs and consider the overall cost before using a Monero ATM for your transactions.
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