Bitcoin ATM’s have been popping up all over the world, giving people the ability to exchange cash for Bitcoin, and vice versa. But what many people don’t realize is that most Bitcoin ATM’s charge a fee for their services.
So, what percentage does a Bitcoin ATM charge? It depends on the ATM, but the average fee is around 5-10%. This may not seem like much, but it can add up if you’re making frequent transactions.
For example, if you were to buy $100 worth of Bitcoin from a Bitcoin ATM, you would likely be charged a $5-$10 fee. That’s a significant chunk of your investment that is going straight to the ATM operator.
There are a few ways to avoid paying these fees. The first is to find a Bitcoin ATM that doesn’t charge any fees. These are few and far between, but they do exist.
The second is to use a service like Coinbase or Bitpay to buy your Bitcoin. These services don’t have any fees associated with them.
The bottom line is that if you want to use a Bitcoin ATM, you should be aware of the fees that you will be charged. In most cases, it’s cheaper to buy Bitcoin through an online service than it is to use an ATM.
However, if there’s an ATM nearby and you need cash for Bitcoin quickly, it may be worth the fee.