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A Question About Bitcoin ATMs!
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Topic: A Question About Bitcoin ATMs! (Read 66 times)
ViaLosFeliz
(OP)
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A Question About Bitcoin ATMs!
May 07, 2018, 12:07:30 AM
#1
Hey there. Total newbie here, bare with me.
Which Bitcoin ATM has the lowest fees?
Yesterday I went to my first one, stuck a $20 in.
When all was said n done I received the equivalent of $12 in my wallet.
Thanks for your help!
TryNinja
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Merit: 7119
Crypto Swap Exchange
Re: A Question About Bitcoin ATMs!
May 07, 2018, 12:18:34 AM
#2
Every Bitcoin ATM has high fees. I would advise you to check a BTC ATM map (like
this one)
at your city and see which fees they take on the ATM provider website.
40% ($8 of $20) fees seems a bit overkill. How much was taken in the transaction fee (not the ATM fee)? For example, (IIRC) Coinucopia charges "only" 12%.
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mk4
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Paldo.io 🤖
Re: A Question About Bitcoin ATMs!
May 07, 2018, 01:32:28 AM
#3
Just like TryNinja said, pretty much every single bitcoin ATM has high fees, due to them needing to pay for the ATM itself. If you wanted to save money, probably go with LocalBitcoins[1]. Just select your country and choose the category of what payment method you prefer, then you're good to go.
[1]
https://localbitcoins.com/
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