What is the cost of using a bitcoin ATM to withdraw $3000?

3 answers

• Jose Eduardo Cruz CovarrubiasMay 14, 2021 · 4 years ago
  Using a bitcoin ATM to withdraw $3000 typically incurs a fee ranging from 5% to 10% of the total amount. This fee includes the charges imposed by the bitcoin ATM operator and may vary depending on the specific ATM you use. Additionally, keep in mind that the exchange rate used by the bitcoin ATM may not be as favorable as the market rate, resulting in a slightly higher cost. It's always a good idea to check the fees and exchange rates offered by different bitcoin ATMs before making a withdrawal.
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• Drew HackettJul 03, 2024 · a year ago
  When you use a bitcoin ATM to withdraw $3000, you can expect to pay a fee that is usually around 7% of the total amount. This fee covers the costs associated with operating the bitcoin ATM and may also include a markup on the exchange rate. It's important to note that fees can vary between different bitcoin ATMs, so it's worth comparing the rates offered by multiple ATMs in your area. Additionally, keep in mind that the price of bitcoin can fluctuate, so the actual cost of your withdrawal may vary depending on the current market conditions.
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• Luan BrandãoJan 20, 2023 · 3 years ago
  The cost of using a bitcoin ATM to withdraw $3000 can vary depending on the specific ATM you use. Generally, you can expect to pay a fee of around 6-8% of the total amount. This fee covers the expenses of the bitcoin ATM operator and may also include a small markup on the exchange rate. It's important to note that the fees charged by bitcoin ATMs can be higher compared to other methods of buying bitcoin, such as using a cryptocurrency exchange. If you're looking for a more cost-effective option, you may want to consider using a cryptocurrency exchange instead of a bitcoin ATM.
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