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Are there any fees involved in sending Bitcoin through a Bitcoin ATM?

avatarAnitha VenugopalNov 24, 2021 · 3 years ago3 answers

What are the fees associated with sending Bitcoin through a Bitcoin ATM?

Are there any fees involved in sending Bitcoin through a Bitcoin ATM?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there are fees involved in sending Bitcoin through a Bitcoin ATM. The fees can vary depending on the specific Bitcoin ATM and the transaction amount. Typically, Bitcoin ATMs charge a percentage-based fee, which is usually around 3-8% of the transaction amount. Additionally, some Bitcoin ATMs may also charge a flat fee for each transaction. It's important to check the fee structure of the Bitcoin ATM you plan to use before making a transaction to avoid any surprises.
  • avatarNov 24, 2021 · 3 years ago
    Sending Bitcoin through a Bitcoin ATM does involve fees. The fees can be categorized into two types: percentage-based fees and flat fees. The percentage-based fees are usually around 3-8% of the transaction amount, while the flat fees are a fixed amount charged for each transaction. The specific fees may vary depending on the Bitcoin ATM you use. It's recommended to check the fee structure of the Bitcoin ATM beforehand to understand the costs involved.
  • avatarNov 24, 2021 · 3 years ago
    Yes, there are fees involved in sending Bitcoin through a Bitcoin ATM. The fees can vary depending on the Bitcoin ATM you choose. For example, some Bitcoin ATMs charge a percentage-based fee, which is a percentage of the transaction amount. Others may charge a flat fee for each transaction. It's important to consider these fees when using a Bitcoin ATM to send Bitcoin, as they can impact the overall cost of the transaction.