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What are the fees for withdrawing money from a Bitcoin ATM?

avatarMehak NiyazDec 29, 2021 · 3 years ago3 answers

I'm interested in using a Bitcoin ATM to withdraw money, but I'm not sure about the fees involved. Can you please provide more information about the fees for withdrawing money from a Bitcoin ATM?

What are the fees for withdrawing money from a Bitcoin ATM?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When it comes to withdrawing money from a Bitcoin ATM, the fees can vary depending on the specific ATM and the location. Generally, Bitcoin ATMs charge a percentage-based fee for each transaction. This fee is usually around 3-5% of the total amount you withdraw. Additionally, some Bitcoin ATMs may also charge a fixed fee on top of the percentage-based fee. It's important to note that these fees can change over time, so it's always a good idea to check the fees before using a Bitcoin ATM.
  • avatarDec 29, 2021 · 3 years ago
    Ah, the fees for withdrawing money from a Bitcoin ATM! Well, let me break it down for you. Bitcoin ATMs typically charge a percentage-based fee for each transaction. This fee can range from 3% to 5% of the total amount you withdraw. On top of that, some Bitcoin ATMs may also have a fixed fee, which is an additional amount you need to pay. Keep in mind that these fees can vary depending on the location and the specific ATM you're using. So, it's always a good idea to check the fees before you make a withdrawal.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to withdrawing money from a Bitcoin ATM, the fees can vary depending on the specific ATM and the location. At BYDFi, for example, the fees for withdrawing money from a Bitcoin ATM are 3% of the total amount you withdraw. This fee is charged to cover the costs of operating the ATM and maintaining the network. It's important to note that these fees are subject to change, so it's always a good idea to check the fees before making a withdrawal.