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What are the fees associated with using a bitcoin ATM in Atlanta?

avatarMurdock LindgreenDec 16, 2021 · 3 years ago3 answers

I'm interested in using a bitcoin ATM in Atlanta, but I'm not sure about the fees. Can you provide more information about the fees associated with using a bitcoin ATM in Atlanta?

What are the fees associated with using a bitcoin ATM in Atlanta?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Using a bitcoin ATM in Atlanta typically incurs fees that can vary depending on the specific machine and the transaction amount. These fees usually include a percentage-based fee, which is a percentage of the transaction amount, and a fixed fee, which is a flat fee charged for each transaction. It's important to note that fees can be higher than traditional exchanges due to the convenience and accessibility of using a bitcoin ATM. Make sure to check the fees displayed on the machine before proceeding with your transaction.
  • avatarDec 16, 2021 · 3 years ago
    When using a bitcoin ATM in Atlanta, you can expect to pay fees for both buying and selling bitcoin. The fees can range from 5% to 10% of the transaction amount, with some machines charging even higher fees. Additionally, some bitcoin ATMs may also charge a separate fee for converting your cash into bitcoin. It's recommended to compare the fees of different bitcoin ATMs in Atlanta to find the most cost-effective option for your transaction.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, a popular bitcoin ATM provider in Atlanta, the fees for using their bitcoin ATMs are competitive compared to other providers. The fees are typically around 7% for buying bitcoin and 5% for selling bitcoin. However, it's important to note that fees may vary depending on the machine and the transaction amount. BYDFi aims to provide a seamless and user-friendly experience for bitcoin enthusiasts in Atlanta, and their ATMs are conveniently located throughout the city.