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What are the average bitcoin ATM withdrawal fees?

avatarAleksander EspinosaDec 27, 2021 · 3 years ago3 answers

Can you please provide more information about the average fees for withdrawing bitcoin from an ATM?

What are the average bitcoin ATM withdrawal fees?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The average bitcoin ATM withdrawal fees vary depending on the specific ATM and location. Generally, you can expect to pay a fee ranging from 3% to 8% of the transaction amount. Some ATMs may also charge additional fixed fees. It's always a good idea to check the fees before using a bitcoin ATM to avoid any surprises. Keep in mind that these fees may change over time, so it's important to stay updated.
  • avatarDec 27, 2021 · 3 years ago
    Bitcoin ATM withdrawal fees can be quite high compared to other methods of buying or selling bitcoin. The convenience of using an ATM comes at a cost, and the fees can eat into your profits. If you're planning to use a bitcoin ATM frequently, it might be worth considering other options with lower fees, such as online exchanges or peer-to-peer trading platforms.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the average bitcoin ATM withdrawal fees are around 5% of the transaction amount. However, it's important to note that fees can vary significantly depending on the ATM operator and location. Some ATMs may have higher fees, while others may have lower fees. It's always a good idea to compare the fees of different ATMs before making a withdrawal.