Are there some charges to use Bitcoin ATMs ?

[Magic-Money]

The country we I'm has not started using Bitcoin ATM card and machine for a transaction, but I believe they must be a charge attached to it, when it comes for a maintenance and can never be free to avoid abusing in usage, hence Bitcoin is more than a gold.

[Huppercase]

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 ?

Bitcoin ATM are not like open software where anyone can make something for the community and make it free. For Bitcoin ATM to function, there must be a payment gateway embedded withing the ATM which is not going to be free, so any company or entity trying to construct one for people to use will definitely has to charges. We haven't talk about the electrical bill to power the machine everyday for customers to use, we also have license money to be paid, you can't just use one if you are not approved.

The company or entity who want to make this public for people would be the one to pay for all this charges and in other to get back money invested, they have to charge customers anytime they sells their Bitcoin through the ATM or buy some Bitcoin through the ATM. There are some merchants who only buy Bitcoin through their ATM, they don't sell and that's because they value Bitcoin so much and they always want to hold.

[Odohu]

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 was one Bitcoin ATM in my country that worked for a while before it later stopped working. The excitement was really high when it was launched, the news really brought many people into Bitcoin. I guess it failed because of our government policy in Bitcoin then via the central bank. They were never friendly with Bitcoin and were freezing the accounts of some individuals and businesses that were involved with Bitcoin. People were therefore very careful and resorted to trading P2P only with extra effort in the transactions so that they do not have any description or information that suggest they are related to Bitcoin.

I don't think there was anything that changed about the use of Bitcoin ATMs. People were just discouraged probably by the high transaction fees and longer waiting time for payment confirmation as a result of network congestion. I think a lot of improvements have to be made to this technology to engender more adoption of the Bitcoin ATM.

[Ryu_Ar1]

I have never made any transactions using bitcoin ATMs because in my previous country there were only 2 ATMs in the city center and in tourist attractions but they were no longer used and left abandoned due to lack of interest. But if you talk about fees it seems like it must be there and I read some related articles where it says that the fees for transactions vary.

When you use a Bitcoin ATM to buy or sell Bitcoin (BTC), expect to encounter fees in the range of 10% to 23%. These fees can vary greatly, influenced by factors like your geographical location, the total value of the transaction, and the specific Bitcoin ATM provider you're dealing with.

In my opinion, it is usually quite large where the minimum fee is 10 percent, obviously, it is not a favorable situation for making transactions even though I still want to try it even once but I might think twice about this because the fee is quite expensive.

[livingfree]

I have never used one and I don't think that I'll come to that point because as far as I am reading thoughts of folks long time ago with these. They're charging outrageous fees and commissions from whoever is going to use them.

Maybe at some point of my life, I'd do it for the sake of experience. But that doesn't make me a less Bitcoin guy if I'll never use it.

I have never made any transactions using bitcoin ATMs because in my previous country there were only 2 ATMs in the city center and in tourist attractions but they were no longer used and left abandoned due to lack of interest.

Where is this and from what country you are?

[ChiBitCTy]

I'm not sure that I have ever seen a bitcoin ATM where the charges were at least somewhat reasonable.  I love the concept of bitcoin ATMs, and I think they could still play a pivotal role for bitcoin and it's adoption/adoption rate.  But those smart enough know not to use it, and those who do use them, then find out how much they are paying aren't likely to ever go back to one or recommend them.  Would be smart to somehow lower the fees..not sure if possible.

[Muchiratsky]

This concept has been here for quite a long while already and I've seen advertisements and clips about actual ATMs for BTC, ETH, and other crypto coins. However, I would think it's not really necessary to have one and to look at them the same way we see fiat. It's an alternative in the first place and of course, the charges for crypto atm transactions would be higher. I'd rather have them just in my wallet for trades and online crypto transactions. We're not in a time yet where BTC financial transactions are that mainstream that we can use it exactly as how we use regular money.

[kotajikikox]

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 no free services in the world mate specially in bitcoin transacting when fees are always require for the transaction to take place and trust me ATM using has an expensive fee because I use it once and never tried in again(actually i tried out of curiosity but i regret it lol)
there are links above about which country and what ATM provider you may use .

[Reatim]

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

I did not know that there were some in my country, and it’s not just in the capital city but it is spread across the country even in rural areas. I personally have never used any despite having quite a lot just in my city.

And the charges rages from 7% to 15% the one I’m aware of,

The question would be how is this better than the already expensive transaction fees? And does doing this in public truly more convenient than doing it at home or anywhere where you can value your privacy?

[Synchronice]

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 are charges and fees are so high that Bitcoin ATMs will immediately become unattractive for you. I don't understand what's the point of running a business that has such a high fee that 99% of people probably won't use it. If you are in a rush, need money and you only hold bitcoins, it will be better to visit bestchange.com and have a look at btc to local currency exchange rates, there are websites that charge lower than Bitcoin ATMs and courier delivers money to you (I have not experienced this myself but after looking for it on Bestchange, I understand that some exchanges work this way too).

Check this: I purchased $20 worth of BTC with cash in an atm but I ended up only getting $13.

[Ryu_Ar1]

I have never used one and I don't think that I'll come to that point because as far as I am reading thoughts of folks long time ago with these. They're charging outrageous fees and commissions from whoever is going to use them.

Maybe at some point of my life, I'd do it for the sake of experience. But that doesn't make me a less Bitcoin guy if I'll never use it.

I have never made any transactions using bitcoin ATMs because in my previous country there were only 2 ATMs in the city center and in tourist attractions but they were no longer used and left abandoned due to lack of interest.

Where is this and from what country you are?

I come from Indonesia and if you see some news in the local media that i read there are 2 bitcoin atm in my country where it is located in the capital city (Jakarta) and in a fairly famous destination (Bali) but indeed the bitcoin ATM is no longer used at this time for several reasons, especially the lack of interest in doing so.

I also have the same desire where maybe i just want to try even if it's just once but indeed with a fee that is quite expensive of course it's not too good for me because after all in this case we certainly have other options to deposit or withdraw bitcoin with a cheaper fee especially with a nominal as in the article where the minimum fee is 10 percent then I think it's still too big for me.
Even so, it doesn't matter if you just want to try it and I also have the same desire if I find a bitcoin atm in my country now.

[BlackBoss_]

I come from Indonesia and if you see some news in the local media that i read there are 2 bitcoin atm in my country where it is located in the capital city (Jakarta) and in a fairly famous destination (Bali) but indeed the bitcoin ATM is no longer used at this time for several reasons, especially the lack of interest in doing so.

With expensive fee, Bitcoin ATMs are the very last option to use when people can not have other ways to buy or spend their bitcoins.

If they have other options that surely are abundant nowadays with bigger adoption of Bitcoin, they will not choose Bitcoin ATMs to use. No one wants to use Bitcoin ATMs while they will have to be charged more expensive fee than other options.

With many exchanges and Peer to Peer marketplaces, it is easily to cash out Bitcoin to have fiat currency and use it in your daily life or travel trip to a new nation.

[mahaveer96]

It's pretty neat that they're cropping up in some countries. Some ATMs might charge you for transactions, others might not. And as for who foots the bill for maintenance, it's usually the operators. They make their bucks through transaction fees or maybe by selling Bitcoin at a slightly higher rate.

[EarnOnVictor]

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 ?

Be thankful that a Bitcoin ATM is not in your country because it might be a decoration in most countries unless the country is rich. Those who are planning the implementation of ATMs across the world are not thinking about the heavy charges introduced and how they can kill their business in the face of many alternative channels from which Bitcoin can be withdrawn. It could have been exploitative and a no-choice situation if it was only through ATM we could withdraw our Bitcoin. But it is pointless for most people to have another means to do that cheaply but still withdraw through the ATMs that are so costly.

From what I wrote, you can decipher that there are charges, and even though I've not gotten a Bitcoin ATM card before, I know the charges will start from the procurement of the ATM card itself, that can't be free, especially if they ship it to you. It should attract similar charges to the regular international card services' charges. This is aside from the average of 16% charges when you use the ATM, which depends on the company issuing the ATM, your location and the amount needed.

Of course, the maintenance service must be there even if it is not high, and these are the reasons why the Bitcoin ATM initiative is not growing as it should be.

[Rikafip]

Some ATMs might charge you for transactions, others might not.

All ATMs have fees simply because their owners woulnd't be able to cover the cost of operating them without it.

Be thankful that a Bitcoin ATM is not in your country because it might be a decoration in most countries unless the country is rich.

Why on earth should anyone be thankful not to have another option to buy/sell bitcoin?? Just because ATM fees are geenrally higher than other ways to trade bitcoin doesn't make them useless.

[Kelward]

I've been hearing of Bitcoin ATMs all around the world, but they're not popular because as far as I know many Bitcoin holders don't patronize them, I also heard that their transaction charges are on the high side, also many Bitcoin users will prefer their transactions to be in privacy. I believe that the main reason why Bitcoin ATM is not popular is because of the high transaction fees, but then it's to be expected because the ATM providers will maintain it and pay it's staff from the service charges. I doubt that Bitcoin ATM will be widely used because you can sit comfortable without prying eyes and carry out any Bitcoin transactions with your device.

[pawanjain]

I haven't used Bitcoin ATMs myself because my country doesn't have any but I have read about others.
Bitcoin ATMs usuall charge higher costs in fees and have a slightly higher premium in exchange costs.
That's how the ATM owner get it's revenue and settle up the maintenance costs.

[KingsDen]

I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ?

Companies that set up ATM outlets are not charity organizations, they will never do it without the intention of making some profit from it, that is in fact the main purpose. There must be charges that constitute to profit for the service providers, the company that have installed the ATM and routinely performs maintenance on it.

A centralized system is always geared towards profit making. Just like the exchanges try to increase their fees to be higher than the non custodial wallets fees.

If we think logically, I think Bitcoin ATMs definitely charge somewhat higher fees due to convenience fees .

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?

Convenience you mean? Maybe you can say about security purpose. They try to pay physical security to protect the area of the ATM.

[Benedictare]

   Like other traditional banks ATMs ,the same is also applicable to Bitcoin, charges are been attached to every usage.

   Bitcoin ATMs fees are being charge when you use it to buy or sell Bitcoin that is the total value of transactions made which can be at the range of 10% to 23% and the fees can vary because of different geopolitical location and it also has to do with the particular Bitcoin ATM provider you are making transactions from .

[livingfree]

I have never made any transactions using bitcoin ATMs because in my previous country there were only 2 ATMs in the city center and in tourist attractions but they were no longer used and left abandoned due to lack of interest.

Where is this and from what country you are?

I come from Indonesia and if you see some news in the local media that i read there are 2 bitcoin atm in my country where it is located in the capital city (Jakarta) and in a fairly famous destination (Bali) but indeed the bitcoin ATM is no longer used at this time for several reasons, especially the lack of interest in doing so.

I have read about a news there that your government is very strict with crypto matters and that's probably one reason why the company that owned those bitcoin ATMs left and abandoned those.

I also have the same desire where maybe i just want to try even if it's just once but indeed with a fee that is quite expensive of course it's not too good for me because after all in this case we certainly have other options to deposit or withdraw bitcoin with a cheaper fee especially with a nominal as in the article where the minimum fee is 10 percent then I think it's still too big for me.
Even so, it doesn't matter if you just want to try it and I also have the same desire if I find a bitcoin atm in my country now.

10% for the fee is really too high. We can do a lot of things with that already if your withdrawal is quite high but even so, 10% is a big no just for a fee.

I'll take the other route of going through some exchange and use them as an outlet to get that money of mine and will pay little amount or commissions of theirs for the process.