There are a few different ways to get Bitcoin, but one of the most popular is through a Bitcoin ATM. Coinsource is one of the most popular Bitcoin ATM providers, but is it a good option?
To start, let’s look at the fees. Coinsource charges a 4.
75% fee for buying Bitcoin, and a 4% fee for selling. That’s higher than some other options out there, but not outrageous.
Another thing to consider is the limits. Coinsource has limits of $3,000 per day and $10,000 per month for unverified accounts.
NOTE: Coinsource is a company that provides Bitcoin automated teller machines (ATMs) in the United States, but it is important to note that Coinsource is not an official Bitcoin ATM. Coinsource ATMs are not directly tied to any official exchange and may have different fees associated with them. Additionally, Coinsource ATMs may not be available everywhere and the user should research availability prior to using one of their machines. Finally, users should also ensure they are aware of all the applicable fees associated with their specific ATM before initiating a transaction.
If you verify your identity with them, those limits go up to $5,000 per day and $25,000 per month. That’s still not a ton, but it’s more than enough for most people.
So, is Coinsource a good Bitcoin ATM provider? It’s not the cheapest option out there, but it’s not the most expensive either. It also has some decent limits, although they could be higher.
Overall, it’s a decent option if you need a Bitcoin ATM.
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1.
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