What are the fees associated with using crypto currency ATMs?

4 answers

• Sneha GujjannavarJul 31, 2024 · a year ago
  Sure! When it comes to using crypto currency ATMs, there are generally three types of fees you need to be aware of. The first one is the transaction fee, which is charged for every transaction you make at the ATM. This fee can vary depending on the ATM operator and the specific cryptocurrency you're using. The second type of fee is the conversion fee, which is applied when you convert your cryptocurrency into fiat currency or vice versa. Again, the conversion fee can vary from one ATM to another. Lastly, some ATMs may also charge a withdrawal fee, which is levied when you withdraw cash from the ATM. It's important to note that these fees can vary significantly, so it's always a good idea to check the fee structure of the ATM before using it.
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• Heba KamalSep 08, 2020 · 5 years ago
  Using crypto currency ATMs can be convenient, but it's important to understand the fees involved. Transaction fees are common and can range from a few dollars to a percentage of the transaction amount. Conversion fees, on the other hand, can be a bit trickier. Some ATMs offer competitive rates, while others may have higher fees. It's always a good idea to compare rates and fees before making a transaction. As for withdrawal fees, they can vary depending on the ATM operator and the amount you're withdrawing. Some ATMs may have a flat fee, while others may charge a percentage of the withdrawal amount. So, it's important to consider these fees when using crypto currency ATMs.
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• Carlo SperatiMay 24, 2021 · 4 years ago
  When it comes to fees associated with using crypto currency ATMs, it's important to note that they can vary depending on the ATM operator and the specific location. Transaction fees are usually charged as a percentage of the transaction amount, ranging from 1% to 5%. Conversion fees, on the other hand, can be a bit more complex. Some ATMs offer competitive rates, while others may charge higher fees. It's always a good idea to compare rates and fees before making a transaction. Additionally, some ATMs may also charge a withdrawal fee, which can range from a few dollars to a percentage of the withdrawal amount. So, it's important to consider these fees and choose an ATM that offers competitive rates and transparent fee structures.
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• Gift Johnson SwaiOct 21, 2024 · a year ago
  BYDFi is a digital currency exchange that provides a seamless experience for users to buy and sell cryptocurrencies. When it comes to using crypto currency ATMs, the fees involved can vary depending on the specific ATM operator and the location. Transaction fees are typically charged as a percentage of the transaction amount, ranging from 1% to 5%. Conversion fees, on the other hand, can vary from one ATM to another. Some ATMs offer competitive rates, while others may charge higher fees. It's always a good idea to compare rates and fees before making a transaction. Additionally, some ATMs may also charge a withdrawal fee, which can range from a few dollars to a percentage of the withdrawal amount. So, it's important to consider these fees and choose an ATM that offers competitive rates and transparent fee structures.
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