What is the usual cost of using a bitcoin ATM to withdraw $100 in cash?

3 answers

• Hadar MaymonMay 21, 2022 · 4 years ago
  The usual cost of using a bitcoin ATM to withdraw $100 in cash can vary depending on the specific ATM and its operator. Generally, you can expect to encounter fees for both the bitcoin transaction and the cash withdrawal. These fees can range from a few dollars to a percentage of the total amount. It's important to note that bitcoin ATMs are typically more expensive to use compared to traditional ATMs. Additionally, some bitcoin ATMs may charge higher fees during peak times or for larger withdrawal amounts. It's advisable to check the fee structure of the specific bitcoin ATM you plan to use before making a withdrawal.
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• Arpit yadavMar 17, 2024 · 2 years ago
  When you use a bitcoin ATM to withdraw $100 in cash, you may encounter various costs. These costs can include transaction fees, network fees, and the ATM operator's fee. Transaction fees are charged by the bitcoin network to process your transaction, while network fees cover the cost of maintaining the blockchain. The ATM operator's fee is the charge imposed by the owner of the ATM for providing the service. The total cost can vary depending on the ATM and its location. Some ATMs may have higher fees than others, so it's a good idea to compare fees before making a withdrawal.
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• Muaz GezaliNov 11, 2021 · 4 years ago
  Using a bitcoin ATM to withdraw $100 in cash typically incurs fees for both the bitcoin transaction and the cash withdrawal. The fees can vary depending on the specific ATM and its operator. Some ATMs charge a flat fee, while others charge a percentage of the total amount. It's important to note that these fees can add up, especially for smaller withdrawal amounts. Additionally, the exchange rate used by the ATM may also affect the overall cost. It's recommended to research and compare the fees of different bitcoin ATMs in your area to find the most cost-effective option for your cash withdrawal.
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