How do ether ATMs work and what are the fees associated with using them?

3 answers

• Dec 17, 2021 · 3 years ago
  Ether ATMs, also known as cryptocurrency ATMs, are machines that allow users to buy or sell ether using cash or debit/credit cards. These ATMs are connected to the internet and have a built-in wallet to facilitate the transactions. To use an ether ATM, you simply need to follow the on-screen instructions, select the desired amount of ether you want to buy or sell, and complete the transaction by providing the necessary payment. The fees associated with using ether ATMs vary depending on the operator and location. Typically, you can expect to pay a percentage-based fee for each transaction, which can range from 3% to 8%. It's important to note that fees may also include additional charges such as network fees or conversion fees if you're using a different currency. Make sure to check the fee structure before using an ether ATM to avoid any surprises.
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• Dec 17, 2021 · 3 years ago
  Ether ATMs are like regular ATMs, but instead of dispensing cash, they allow you to buy or sell ether. These ATMs are connected to the internet and have a software interface that enables users to interact with them. To use an ether ATM, you need to have a digital wallet where you can store your ether. When you want to buy ether, you can insert cash or use a debit/credit card to make the payment. The ATM will then send the purchased ether to your wallet. If you want to sell ether, you can send it from your wallet to the ATM's address, and the ATM will dispense the equivalent amount of cash. As for the fees, ether ATMs usually charge a percentage-based fee for each transaction. The exact fee amount may vary depending on the ATM operator and location.
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• Dec 17, 2021 · 3 years ago
  Ether ATMs work in a similar way to traditional ATMs, but instead of dispensing physical currency, they allow users to buy or sell ether. To use an ether ATM, you need to have a digital wallet where you can store your ether. When you want to buy ether, you can insert cash or use a debit/credit card to make the payment. The ATM will then send the purchased ether to your wallet. If you want to sell ether, you can send it from your wallet to the ATM's address, and the ATM will dispense the equivalent amount of cash. The fees associated with using ether ATMs vary depending on the operator and location. It's common to see a fee of around 5% for buying or selling ether. However, it's important to note that fees can vary and it's always a good idea to check the fee structure before using an ether ATM.
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