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What are the fees associated with selling bitcoin at an ATM?

avatarAung Zaw minMay 05, 2022 · 3 years ago3 answers

I'm interested in selling my bitcoin at an ATM, but I'm not sure about the fees involved. Can you provide a detailed explanation of the fees associated with selling bitcoin at an ATM?

What are the fees associated with selling bitcoin at an ATM?

3 answers

  • avatarMay 05, 2022 · 3 years ago
    When selling bitcoin at an ATM, you can expect to encounter various fees. These fees can include a transaction fee, which is a percentage of the total amount you are selling. Additionally, some ATMs may charge a fixed fee for each transaction. It's important to note that the fees can vary depending on the ATM operator and location. To find out the specific fees associated with selling bitcoin at an ATM, it's best to check the information provided by the ATM operator or contact their customer support.
  • avatarMay 05, 2022 · 3 years ago
    Selling bitcoin at an ATM usually incurs fees that are similar to those of buying bitcoin at an ATM. These fees can include a markup on the exchange rate, which means you may receive a slightly lower price for your bitcoin compared to the market rate. Additionally, there may be a transaction fee or a fixed fee charged by the ATM operator. It's advisable to compare the fees of different ATMs before making a decision to ensure you get the best deal.
  • avatarMay 05, 2022 · 3 years ago
    When selling bitcoin at an ATM, the fees can vary depending on the ATM operator and the specific machine you are using. Some ATMs may charge a percentage-based fee, while others may have a fixed fee for each transaction. It's important to note that the fees can also depend on the amount of bitcoin you are selling. For larger transactions, the fees may be higher. To get the most accurate information about the fees associated with selling bitcoin at an ATM, it's recommended to visit the website or contact the customer support of the ATM operator, such as BYDFi, for detailed fee information.
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