How much does it cost to buy a bitcoin using an ATM?

3 answers

• Dec 30, 2021 · 3 years ago
  The cost of buying a bitcoin using an ATM can vary depending on several factors. Generally, you can expect to pay a fee ranging from 3% to 8% of the transaction amount. Some ATMs may charge higher fees, especially if they are located in remote areas or have limited competition. Additionally, keep in mind that the price of bitcoin itself can fluctuate rapidly, so the final cost may be slightly different from the initial estimate. It's always a good idea to check the fees and exchange rates offered by different ATMs before making a purchase.
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• Dec 30, 2021 · 3 years ago
  Buying bitcoin from an ATM usually incurs a fee, which is typically a percentage of the transaction amount. The fee can vary depending on the specific ATM and its operator. In addition to the fee, you may also need to consider other costs such as network fees, which are charged by the blockchain network to process the transaction. These fees can vary depending on the network congestion and the urgency of the transaction. It's important to be aware of these costs and factor them into your decision when using an ATM to buy bitcoin.
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• Dec 30, 2021 · 3 years ago
  When purchasing bitcoin using an ATM, the cost can be broken down into two main components: the exchange rate and the transaction fee. The exchange rate is the price at which the ATM sells bitcoin, and it can vary depending on market conditions. The transaction fee is the fee charged by the ATM operator for facilitating the transaction. It's important to note that different ATMs may have different exchange rates and transaction fees, so it's advisable to compare rates and fees before making a purchase. At BYDFi, we strive to offer competitive rates and transparent fees to ensure a seamless buying experience for our users.
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