Are there any fees associated with sending money through a Bitcoin ATM?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, there are fees associated with sending money through a Bitcoin ATM. The exact fees can vary depending on the specific Bitcoin ATM you use. Some ATMs charge a fixed percentage fee, while others charge a flat fee. It's important to check the fee structure of the ATM before making a transaction to avoid any surprises. Additionally, keep in mind that the fees charged by Bitcoin ATMs are usually higher compared to traditional exchanges or online platforms.
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• Mar 19, 2022 · 3 years ago
  Sending money through a Bitcoin ATM comes with fees. These fees are typically higher compared to using a traditional exchange or online platform. The fees can vary depending on the ATM operator and location. It's recommended to research and compare the fees of different Bitcoin ATMs in your area before making a transaction. Additionally, be aware that the fees may change over time due to market conditions and operational costs.
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• Mar 19, 2022 · 3 years ago
  Yes, there are fees associated with sending money through a Bitcoin ATM. At BYDFi, for example, the fees for using their Bitcoin ATMs are 5% of the transaction amount. These fees cover the costs of operating and maintaining the ATMs, as well as the convenience of using a physical ATM to buy or sell Bitcoin. It's important to consider these fees when deciding whether to use a Bitcoin ATM or another method of buying or selling Bitcoin.
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