Do bitcoin ATMs charge a flat fee or a percentage fee for exchanging $100 into virtual currency?

3 answers

• Iti ShivpuriyaNov 01, 2021 · 4 years ago
  Bitcoin ATMs usually charge a percentage fee for exchanging $100 into virtual currency. The fee is typically around 5-10% of the transaction amount. This means that if you exchange $100, you may be charged $5-$10 as a fee. The exact fee percentage may vary depending on the specific bitcoin ATM and its operator. It's important to check the fee structure before using a bitcoin ATM to ensure you're aware of the charges involved.
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• Dianna ElamOct 18, 2024 · a year ago
  When you exchange $100 into virtual currency using a bitcoin ATM, the fee structure can vary. Some bitcoin ATMs charge a flat fee, while others charge a percentage fee. The flat fee is a fixed amount that you'll be charged regardless of the transaction amount. On the other hand, the percentage fee is a percentage of the transaction amount. It's important to check the fee structure of the specific bitcoin ATM you're using to know how much you'll be charged for the $100 exchange.
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• Hougaard StageNov 13, 2023 · 2 years ago
  At BYDFi, our bitcoin ATMs charge a flat fee for exchanging $100 into virtual currency. The fee is $5 for every $100 exchanged. This means that if you exchange $100, you'll be charged a $5 fee. Our fee structure is designed to be transparent and competitive, providing a convenient way for users to convert their cash into virtual currency. However, it's always a good idea to compare fees across different bitcoin ATMs to ensure you're getting the best deal.
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