What is the average fee charged by a Bitcoin ATM for a $5,000 transaction?

3 answers

• IDCOVERING - Covering - MarquaJan 07, 2024 · 2 years ago
  The average fee charged by a Bitcoin ATM for a $5,000 transaction can vary depending on several factors. Generally, Bitcoin ATMs charge a percentage-based fee, which can range from 3% to 8% of the transaction amount. This means that for a $5,000 transaction, the fee could be anywhere between $150 and $400. It's important to note that fees can also vary between different Bitcoin ATM operators and locations. To find the most accurate fee information, I recommend checking the website or contacting the specific Bitcoin ATM operator you plan to use.
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• muhammad nazirulJun 19, 2022 · 3 years ago
  When it comes to Bitcoin ATMs, the average fee for a $5,000 transaction is typically around 5%. This means that you can expect to pay approximately $250 in fees for a $5,000 transaction. However, it's worth noting that fees can vary depending on the specific Bitcoin ATM operator and location. Some Bitcoin ATMs may charge higher fees, while others may offer lower fees. It's always a good idea to check the fee structure of the Bitcoin ATM you plan to use before making a transaction.
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• Anan MoktanNov 08, 2021 · 4 years ago
  At BYDFi, a popular Bitcoin ATM operator, the average fee charged for a $5,000 transaction is around 4%. This means that for a $5,000 transaction, you can expect to pay approximately $200 in fees. However, it's important to note that fees can vary between different Bitcoin ATM operators and locations. It's always a good idea to check the fee structure of the Bitcoin ATM you plan to use before making a transaction to ensure you have the most accurate fee information.
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