Are there some charges to use Bitcoin ATMs ?

[Antotena]

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

Nobody runs a business without a proof, the Bitcoin Automated teller machine are not free, some reviews I watch in some videos says you will pay them a portion of fiat as fees when buying Bitcoin from the machine and you also pay the transaction fees to the machine which will be automatically deduced when you want to send to an external wallet. If you are also seeing, there is a percentage fees you pay to these machine before you can sell your Bitcoin and they also charge you fiat if you want to withdraw your money from the machine, that's how the Bank ATMs work isn't.

In some countries, you also pay tax for using the machine for public use and you also pay some fees before this machine can be allow to use in some countries, obviously without fees the running cost will be hard, I didn't even include the electricity bills to power the machine 24/7.

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[kentrolla]

There are charges which are higher and that's what I have heard though I couldn't use it as there was one installed at a mall in my country by an crypto exchange and then within days the founder of this project got arrested and the ATM was dismantled. TBH we don't really need Bitcoin ATM as it's more easier in wallet and why to waste money on higher charges using Bitcoin ATM and I genuinely don' get the concept of Bitcoin ATM wherein the Bitcoin itself is meant digital.

[GbitG]

You can use this link to know the bitcoin locations and the countries they are located: https://coinatmradar.com/countries/

You can check the bitcoin ATM providers and the amount they are charging as fee. It is always expensive.

Hmm, it's pretty interesting, but unfortunately in my country we don't have a Bitcoin ATM. So I don't have much more words about it—how it's working, how much it costs,blah blah.
 
But anyway if Bitcoin ATMs have a high fee and are more expensive. So why don't we need to do a P2P exchange rather than an ATM exchange. Because if we look at the Bitcoin ATM fee so it is quite expensive. There is a 10% to 23% fee on average transactions, it depends on the county, but actually used this fee.
So i think if we use p2p instead of ATMs, which directly transfer other people's cash up it will not be better. Because firstly, you pay the Bitcion fee and then the transaction fee and then the fee of the fiat currency, so it all becomes quite expensive. 
 
So, in my opinion, Bitcoin will be less expensive in p2p exchange than ATMs. As of now, the world has not gained enough adoption compared to Bitcoin's fiat currency, so its service charges will also be higher in comparison to the lay ATM.

[darkangel11]

Yes there are fees, and on top of that they often have an agreement with a certain exchange so that the coins sent to an ATM go directly to an exchange address and land on the market ASAP because they can't afford to hold it, so you'll get that exchange's rate. Int can be different from the average, or what you see on large price indexes.

Regarding on the fee then it would be expensive and i would say that p2p tx on exchanges is much more better.


Using a Bitcoin ATM to convert fiat currency into cryptocurrency typically involves substantial exchange fees. These fees are fixed and can vary significantly, ranging anywhere between 10% to 23%, based on the specific ATM operator. These fees are not just random; they're grounded in the operational realities of Bitcoin ATMs and the broader cryptocurrency business landscape.
Source

Links given above into those locations and other information. In regarding the fees or charges then its been shown above.
Dont know being accurate but its there mentioned.

10% minimum? that's crazy. I've been using ATMs in a few central EU countries like Germany and the fees were 4-5%. I'd never use an ATM that charges me 20%, that's theft in broad daylight

[_BlackStar]

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

There is always a fee for any service involving bitcoin - but I'm not sure how much it is at each of the ATM currently available. It's possible that each ATM has different fees depending on the third party service they use - so it's not exactly the same from one to another.

Simply put ATMs are almost the same as centralized exchanges - they charge you a fee so the service will keep running. It can be said - nothing is free in this world, especially if you want to buy and sell bitcoin, including at ATM.

[Assface16678]

To answer the question, I think I'm correct that the transaction fee is also in bitcoin or stosgi, but I'm not sure because I can't find the topic that is all about that bitcoin ATM. If I don't remember the OP, it mentioned a bitcoin ATM, but the thing is, not many people are using it like regular ATMs. Maybe it's because of the high transaction fees, so I came to conclude that the transaction fee is also in bitcoin, but is it worth it? I don't think yes, because paying for transaction fees in bitcoin is like a waste of assets. So if I'm correct, I hope those bitcoin ATMs will switch to fiat currency payment when it comes to transaction fees.

This bitcoin ATM is only, I think, implemented in one country as of now. Well, it's understandable because not many people will use it anyway, but of course it's good that it exists. At least we know there are more options for transferring or getting the money.

[2Pizza410000BTC]

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

I don't have any Bitcoin ATM in my country so I can't give you exact answer but I think Bitcoin ATMs charge more fees because when we withdraw money from bank the fee is very less but when we withdraw money from any ATM to pay more fee. Either way considering this, we must see that the fees will be higher if you transact from a Bitcoin ATM. You can never use a Bitcoin ATM for free, you must use it for a fee.

[adaseb]

I rarely used bitcoin atms due to the fees. Even in the early days of bitcoin. Usually if you want to buy they charge you something like 10% and same with selling.

Only time I used one was because there were no fees for selling bitcoin only fees for buying. This was I think during the 2017 bull market where most of the demand was on the buying side and not for selling.

These days nobody uses these because you need to KYC and you are better off using an exchange with lower fees for that.

[Nrcewker]

Obviously they will charge fees mate. They need to cover the operating costs and hence they are bound to apply fees in the transactions. If they don’t publicly show the fees, they will adjust it in the price of Bitcoins. Hence you will find often the prices are expensive compared to any exchanges. I myself have never tried any Bitcoin ATMs as these are not available in my country, but definitely have heard about this from my friends.

[pinggoki]

There are charges which are higher and that's what I have heard though I couldn't use it as there was one installed at a mall in my country by an crypto exchange and then within days the founder of this project got arrested and the ATM was dismantled. TBH we don't really need Bitcoin ATM as it's more easier in wallet and why to waste money on higher charges using Bitcoin ATM and I genuinely don' get the concept of Bitcoin ATM wherein the Bitcoin itself is meant digital.

Totally agree with this one, I see Bitcoin ATMs not as a convenience but as a way to just flaunt that you've got a bitcoin and in my opinion, using them will probably make you a target for criminals that have some knowledge about bitcoin. Regards to usage, this is definitely true, I'd rather have the easier way of doing transactions with bitcoin rather than that of using ATM to do it, much safer and I don't feel like I'm giving away that I'm using bitcoin. The only reason why I want bitcoin ATMs to exist even if I don't like to use it is the fact that there's going to be a time that someone including me that might absolutely need, don't want things for me to happen again where I ask for something and I can find it and that there's stories of crackheads and hoodlums that try to pry open a bitcoin ATM because they thought it's got money inside it.

[stompix]

Between the P2p that you can do from your phone and from any location, do you still think that Bitcoin ATM's that you will have to go a little distance from your home to use, and may have to wait your turn to use is more convenient?

What if you don't want to use a centralized solution that would know you have made a transaction with a person that is involved in hundreds of deals?
What if you don't want a complete stranger to know your bank details?
What if you have only cash?

There are ATM operators (I won't give you names) that go from 10 000 euros to zero in a matter of one day or two, guess why those people prefer to go to ATM rather than p2p.

These days nobody uses these because you need to KYC and you are better off using an exchange with lower fees for that.

There are a few operators that display their balances for the ATM both online and physically, I've checked a few and I was amazed at how much those change from morning to midnight, with 37 000 machines and more coming up, do you think they have no market?

[Lucius]

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

If you ever don't understand why nobody will hire you to promote something in your signature (given that you offer it), then return to this topic and try to understand the absurdity of your question. Is there any private service anywhere in the world that does not have to be paid for?

Crypto ATMs are not devices set up by good fairies, but people who want to make money by charging a (mostly) very high commission for each transaction.

[Bonny070]

is only the el Salvador based tha have the full knowledge of it either they are charges on bitcoin ATM.i have not been there before, but i strongly believes that as long as  bitcoin has been legalis  in the  country. there should be charges for card maintenance.

[AmoreJaz]

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

If you ever don't understand why nobody will hire you to promote something in your signature (given that you offer it), then return to this topic and try to understand the absurdity of your question. Is there any private service anywhere in the world that does not have to be paid for?

Crypto ATMs are not devices set up by good fairies, but people who want to make money by charging a (mostly) very high commission for each transaction.

It is just common sense that whichever company sets up the btc ATM will charge the fees for such services. No company will provide a service that won't get any fee. This is why any company who will put up these ATMs should be knowledgeable on how to deal with crypto so as not to shove their company to bankruptcy.

Also, not many crypto users are using btc ATMs to cash out their crypto because of the relatively high fees compared to online exchanges. Most users who will use the actual btc ATM are just trying it for experience purposes. Once they learned how to use it and knew the transaction fees, they won't use it again.

[adpinbr]

Yes there is some charges  when using the bitcoin ATM machines and sometimes the charges depend on the current price of bitcoin. And the charges rages from 7% to 15% the one I’m aware of, and they don’t sell at the same price as the bitcoin, they always claim to increase the value of bitcoin in their AtM, and also keep the price at a very high rate, sometimes if someone sent you 1k bitcoin it will turn into 800 by the time you will receive or 760, I don’t really like the price of buying bitcoin via ATM, I prefer using the exchange or any normal wallet to buy.

[taufik123]

If you ever don't understand why nobody will hire you to promote something in your signature (given that you offer it), then return to this topic and try to understand the absurdity of your question. Is there any private service anywhere in the world that does not have to be paid for?

Crypto ATMs are not devices set up by good fairies, but people who want to make money by charging a (mostly) very high commission for each transaction.

Stay calm and patient, guys, this is indeed a question that looks absurd and just asks without thinking whether the thing being asked needs an answer or not.
Though, the topic of Bitcoin ATMs is quite a lot and many references are available to find out the Bitcoin ATM Fees for each ATM machine used.

No Bitcoin ATM machines are free and Bitcoin ATMs are more expensive than Exchanges,
and now ATM machines seem to be decreasing and many are not being used.

[BlackBoss_]

No Bitcoin ATM machines are free and Bitcoin ATMs are more expensive than Exchanges,
and now ATM machines seem to be decreasing and many are not being used.

Demands on using Bitcoin ATM drop because expensive service fee and in some countries, governments force KYC to use Bitcoin ATM.

KYC is not a condition that is favorite by many people who have Bitcoin and want to use their bitcoins.

Why KYC is extremely dangerous – and useless

Bitcoin ATM law: a quick overview
Bitcoin ATMs: A beginner’s guide to Bitcoin teller machines

[Blitzboy]

Using Bitcoin ATMs is expensive. The price of convenience, and these are great if you need Bitcoin right now. However, unlike peer-to-peer transactions, there's a premium - sometimes large. Fees atop fees might eat up a lot of your transaction.

ATM corporations arent nonprofits. They have to acquire machines, rent spaces, and maintain. Someone must pay for that. Free ATMs usually mean the corporation makes money elsewhere, like the exchange rate.

I know the fees are annoying, but sometimes quickness and accessibility are worth it. ATMs help Bitcoin's goal of inviting everyone to the table. A tradeoff, plain and simple. Always compare prices before clicking - a little research goes a long way.

[stompix]

No Bitcoin ATM machines are free and Bitcoin ATMs are more expensive than Exchanges,
and now ATM machines seem to be decreasing and many are not being used.

Still growing, after CoinCloud went bankrupt and pulled of thousands and the rebranding of BitAccess the growth has resumed, we're back with 2 000 new ATMs in the last 6 months.
https://coinatmradar.com/charts/growth/

As long as you find a few customers who want to dal only with cash and the rent is cheap you're going to find clients, there are millions out there who would buy gift cards or pay via paysafe for example rather than using a bank, and with ATMs also offering lately usdt to buy and sell the customer base is there.
I don't think it's a matter of convenience but a matter of no choice other than this for some!

And the charges rages from 7% to 15% the one I’m aware of, and they don’t sell at the same price as the bitcoin, they always claim to increase the value of bitcoin in their AtM, and also keep the price at a very high rate, sometimes if someone sent you 1k bitcoin it will turn into 800 by the time you will receive or 760,

That's the fee, they add the fee to the price, and they charge you 10% they will ask for 77k for a BTC not 70k.
The same when selling, the fees get deducted directly from the price, pretty normal as they can't charge you otherwise legally than with a flat fee, and that would be more problematic.

[GeorgeJohn]

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

using a bitcoin ATM machine there is a charge that you will pay depending on the transaction you are making I have seen many people who lamented over bitcoin ATM machine charge is very expensive, for them to say that they charges of Bitcoin ATM is high that means it is obvious that Bitcoin ATM have its own charge as bank have their own charge when you transfer to it Bank ATM machine weekly or monthly there will be a specific amount of money will be deducted from your bank as a charge why bitcoin ATM machine you will pay the fuel instantly along with your Bitcoin you want to transact.

You can use this link to know the bitcoin locations and the countries they are located: https://coinatmradar.com/countries/

You can check the bitcoin ATM providers and the amount they are charging as fee. It is always expensive.

he has made his own research concerning the countries that uses bitcoin ATM machine for transaction but the link you learn that so far will help op to normal of countries that have a bitcoin ATM machine, how many of us who is into this community have not make use of Bitcoin ATM machine before because not all the countries are supportive of Bitcoin ATM machine that is why some many people find it difficult to explain of Bitcoin ATM machine. Think about the charging of transaction fee of ATM machine it depend on the amount of Bitcoin but you want to transfer to it, and eat will understood that Bitcoin transaction cannot be differs or the charges you will pay for $1,000 will not be as same charge that will be needed for $5,000 worth btc.

There is no bitcoin ATM in my country but I have heard that there are some countries where there are bitcoin ATMs. I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ? If there are no charges, then who pays for the maintenance of these bitcoin ATMs ?

If we think logically, I think Bitcoin ATMs definitely charge somewhat higher fees due to convenience fees or additional service fees and this is a business that will benefit those who provide Bitcoin ATMs and that is for sure, and the fees are definitely higher than on exchanges.
Even though I don't know exactly and have never done it, what is certain is that there is a difference in costs if we do it at an ATM and at an exchange.

I always Lament on it because many people who transact with bitcoin ATM machine always complain that the charge they pay on bitcoin ATM machine is time's two the charges they spend on exchange, so for me bitcoin charges in ATM machine varies on the amount of the transaction you are transacting with, they does not charge base on random or ratio of bitcoin, but depends on the gravity of bitcoin you transact, but for me I will like a situation whereby we use an exchange to transact on bitcoin since the transaction fees of bitcoin in ATM machine is high.