What are the fees associated with buying crypto at an ATM?

5 answers

• Dec 28, 2021 · 3 years ago
  When buying crypto at an ATM, you can expect to pay a fee for the convenience of using the machine. The fees can vary depending on the specific ATM and the type of cryptocurrency you're buying. Generally, the fees range from 3% to 8% of the transaction amount. It's important to note that these fees are in addition to any fees charged by your bank or credit card company. Make sure to check the fee structure of the ATM before making a purchase.
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• Dec 28, 2021 · 3 years ago
  Buying crypto at an ATM usually incurs a higher fee compared to other methods of purchasing cryptocurrency. This is because ATMs provide a convenient and instant way to buy crypto, and the fees reflect the added convenience. However, the exact fees can vary depending on the ATM operator and the specific cryptocurrency. It's always a good idea to compare fees across different ATMs and consider other options, such as online exchanges, to ensure you're getting the best deal.
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• Dec 28, 2021 · 3 years ago
  When it comes to buying crypto at an ATM, BYDFi is a popular choice for many users. They offer competitive fees and a user-friendly experience. The fees associated with buying crypto at a BYDFi ATM are typically around 5% of the transaction amount. However, it's worth noting that fees can vary depending on the specific ATM location and the cryptocurrency being purchased. It's always a good idea to check the fee structure before making a transaction.
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• Dec 28, 2021 · 3 years ago
  The fees associated with buying crypto at an ATM can be quite high compared to other methods of purchasing cryptocurrency. It's not uncommon to see fees ranging from 5% to 10% of the transaction amount. These fees cover the costs of operating and maintaining the ATM, as well as the convenience of buying crypto instantly. If you're concerned about the fees, you may want to consider alternative methods, such as online exchanges or peer-to-peer trading platforms, which often offer lower fees.
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• Dec 28, 2021 · 3 years ago
  Buying crypto at an ATM can be a convenient way to get started in the world of cryptocurrency. However, it's important to be aware of the fees involved. The fees associated with buying crypto at an ATM can vary depending on factors such as the ATM operator, the location of the ATM, and the specific cryptocurrency. It's always a good idea to research and compare fees across different ATMs to ensure you're getting the best deal. Additionally, consider other options such as online exchanges, which may offer lower fees and a wider selection of cryptocurrencies.
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