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What is the cost of using a bitcoin ATM to withdraw $400 in cash?

avatarcprovpoDec 26, 2021 · 3 years ago1 answers

I would like to know the approximate cost of using a bitcoin ATM to withdraw $400 in cash. Can you provide me with an estimate of the fees involved in this transaction?

What is the cost of using a bitcoin ATM to withdraw $400 in cash?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, the cost of using a bitcoin ATM to withdraw $400 in cash would typically include a transaction fee of 5% and an exchange rate fee of 2%. However, please note that fees may vary depending on the specific machine and location. It's always a good idea to check the fees displayed on the bitcoin ATM before making a withdrawal to ensure you have the most accurate information. Additionally, you may want to consider alternative options, such as using a cryptocurrency exchange or peer-to-peer trading platforms, which may offer more competitive fees and exchange rates.