How much does a bitcoin ATM typically charge for a $1,000 withdrawal?

5 answers

• Dec 27, 2021 · 3 years ago
  The fees charged by bitcoin ATMs for a $1,000 withdrawal can vary depending on several factors. Generally, you can expect to pay a fee ranging from 3% to 7% of the total amount withdrawn. However, it's important to note that fees can be higher or lower depending on the specific ATM operator and its location. Some ATMs may charge a fixed fee, while others may calculate the fee as a percentage of the total amount. It's always a good idea to check the fee structure of the ATM before making a withdrawal to avoid any surprises.
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• Dec 27, 2021 · 3 years ago
  When it comes to bitcoin ATMs, the fees for a $1,000 withdrawal can be quite high compared to traditional bank ATMs. The fees can range from 5% to 10% or even higher in some cases. This is mainly because bitcoin ATMs operate in a relatively niche market and the operators need to cover their costs and make a profit. Additionally, the fees can also vary depending on the location of the ATM. In popular tourist areas or densely populated cities, the fees tend to be higher due to higher demand and operating costs.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, one of the leading digital currency exchanges, we don't operate bitcoin ATMs. However, based on industry knowledge, the fees for a $1,000 withdrawal from a bitcoin ATM can vary. The fees are usually higher than those charged by traditional bank ATMs due to the additional costs involved in operating a bitcoin ATM. These costs include maintaining the ATM, ensuring liquidity, and complying with regulatory requirements. It's recommended to check the fee structure of the specific bitcoin ATM you plan to use to get an accurate estimate of the fees.
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• Dec 27, 2021 · 3 years ago
  Bitcoin ATMs typically charge a fee for withdrawals, and the amount can vary depending on the operator and location. For a $1,000 withdrawal, you can expect to pay a fee ranging from 3% to 10%. Some ATMs may charge a fixed fee, while others calculate the fee as a percentage of the total amount. It's important to note that the fees charged by bitcoin ATMs can be higher than those charged by traditional bank ATMs. This is because operating a bitcoin ATM involves additional costs, such as maintaining the machine, providing liquidity, and complying with regulations.
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• Dec 27, 2021 · 3 years ago
  The fees for a $1,000 withdrawal from a bitcoin ATM can vary depending on the specific ATM operator and its location. While some ATMs may charge a fixed fee, others calculate the fee as a percentage of the total amount withdrawn. On average, you can expect to pay a fee ranging from 3% to 7% of the total amount. However, it's always a good idea to check the fee structure of the ATM you plan to use, as fees can vary significantly. Additionally, it's worth noting that the fees charged by bitcoin ATMs are generally higher than those charged by traditional bank ATMs.
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