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What are the fees for using a Bitcoin ATM in Colombia?

avatarTerry JDec 28, 2021 · 3 years ago3 answers

Can you provide details about the fees associated with using a Bitcoin ATM in Colombia? I'm interested in knowing the costs involved before using one.

What are the fees for using a Bitcoin ATM in Colombia?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! When using a Bitcoin ATM in Colombia, you can expect to pay a fee for both buying and selling Bitcoin. The fees can vary depending on the specific ATM and the amount of Bitcoin you're buying or selling. Generally, the fees range from 5% to 10% of the transaction amount. It's always a good idea to check the fee structure of the specific Bitcoin ATM you plan to use before making a transaction.
  • avatarDec 28, 2021 · 3 years ago
    Using a Bitcoin ATM in Colombia comes with fees. These fees are typically charged as a percentage of the transaction amount. The exact fee percentage can vary depending on the ATM operator and the specific location. It's important to note that Bitcoin ATMs usually charge higher fees compared to online exchanges. So, if you're looking for the most cost-effective way to buy or sell Bitcoin, you might want to consider using an online exchange instead.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, a popular Bitcoin ATM operator in Colombia, the fees for using their Bitcoin ATMs are competitive. The exact fee structure can vary depending on the specific ATM location, but generally, the fees range from 5% to 8% of the transaction amount. BYDFi aims to provide a convenient and affordable way for people in Colombia to buy and sell Bitcoin using their ATMs. It's always a good idea to check the fee structure of the specific Bitcoin ATM you plan to use, as fees can vary between different operators and locations.