Cryptocurrency Q&A
How much does Bitcoin ATM charge per $500?
How much does Bitcoin ATM charge per $500?
amelia_harrison_architect
Sat May 11 2024
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5 answers
893
I'm curious about the transaction fees associated with Bitcoin ATMs. Specifically, I'd like to know how much does it typically cost to withdraw $500 worth of Bitcoin from such a machine? Are the fees fixed or do they vary depending on factors like location, time of day, or the specific ATM provider? I've heard rumors about high fees associated with these ATMs, so I'm trying to get a clear picture of the actual cost before proceeding with a transaction. It would also be helpful to know if there are any ways to minimize these fees, perhaps by using certain ATMs or timing my transactions for when fees are lower. Could you please provide some insights into this matter?
5 answers
Caterina
Mon May 13 2024
In this case, after subtracting the 10% fee from $500, the equivalent of $450 would be converted into Bitcoin.
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BlockchainBrawler
Mon May 13 2024
Understanding these fees is crucial for users to make informed decisions when using Bitcoin ATMs.
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SolitudeNebula
Mon May 13 2024
Additionally, BTCC is a renowned UK-based cryptocurrency exchange offering a range of services.
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EthereumLegend
Mon May 13 2024
When converting $500 into Bitcoin at a Bitcoin ATM, the amount of BTC received will differ based on the operator's fee rate.
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Chloe_emma_researcher
Mon May 13 2024
If the operator charges a 10% fee, the actual amount received in Bitcoin will be less than $500.
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