What are the fees associated with withdrawing money from a crypto ATM?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we believe in transparency, so let's break down the fees associated with withdrawing money from a crypto ATM. Firstly, there is the transaction fee, which is charged by the ATM operator. This fee can vary depending on the specific ATM and can be either a fixed amount or a percentage of the withdrawn funds. Additionally, there may be a network fee, which is imposed by the cryptocurrency network itself. This fee is used to incentivize miners to process the transaction. Lastly, your own wallet or exchange may also charge a fee for withdrawing funds from the ATM. It's important to consider all of these fees when deciding whether to use a crypto ATM or not.
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