What are the average bitcoin ATM fees in major cities?
HoHADec 26, 2021 · 3 years ago3 answers
I'm curious about the average fees charged by bitcoin ATMs in major cities. Can you provide some insights into the typical costs associated with using these machines?
3 answers
- Dec 26, 2021 · 3 years agoThe average bitcoin ATM fees in major cities can vary depending on several factors. Generally, you can expect to pay around 5-10% for buying or selling bitcoin at these ATMs. However, it's important to note that fees can be higher or lower depending on the specific machine and location. Some ATMs may charge a flat fee, while others may charge a percentage of the transaction amount. Additionally, fees may also vary based on the volume of bitcoin being transacted. It's always a good idea to check the fees before using a bitcoin ATM to ensure you're aware of the costs involved.
- Dec 26, 2021 · 3 years agoBitcoin ATM fees in major cities can be quite diverse. Some ATMs charge as low as 3%, while others can go up to 15% or even higher. It's crucial to research and compare different ATMs in your area to find the ones with the lowest fees. Additionally, keep in mind that fees can also depend on the transaction size. Smaller transactions may have higher fees in percentage terms compared to larger ones. So, if you're planning to buy or sell a significant amount of bitcoin, it might be worth looking for ATMs that offer lower fees for larger transactions.
- Dec 26, 2021 · 3 years agoWhen it comes to bitcoin ATM fees in major cities, it's essential to consider the specific machine and location. Different ATMs may have different fee structures and rates. For example, some ATMs charge a fixed fee, while others charge a percentage of the transaction amount. Additionally, fees can also vary based on the direction of the transaction (buying or selling bitcoin). To get accurate information about the average fees in your city, you can visit websites or use mobile apps that provide real-time data on bitcoin ATMs. These platforms often allow users to search for ATMs by location and compare fees, making it easier to find the best options for your needs.
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