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Author Topic: Bitcoin ATM Fees analysis  (Read 796 times)
CoinATMRadar
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September 17, 2014, 09:07:16 AM
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Just posted an article comparing different countries and Bitcoin ATM operators fees.

http://coinatmradar.com/blog/bitcoin-atm-fees-analytics/


Looking for BITCOIN ATM close to you? Check Bitcoin ATM Map from CoinATMRadar.
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Hufflepuff
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September 17, 2014, 09:18:18 AM
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There's a lot of people who will find this useful. Nice article Smiley
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September 17, 2014, 09:27:14 AM
 #3

what a meaningless analysis.

(A) $500 +$5 = $505
(B) $480 +$24= $504
(C) $460 +$40= $500
(D) $460 +$40 +$5= $505

its been proven time and time again that:
someone can exchange coins at the most expensive exchange and put a 1% fee ontop(A).
someone can exchange coins at the medium expense exchange and put a 5% fee ontop(B).
someone can exchange coins at the lowest expense exchange and not tell a soul and pretend its fee free by mentioning a different expensive exchange pretending its fee free(C).
someone can exchange at the cheapest exchange, but use the most expensive exchange for customer display to say they only take 1%

whether the prices have fee's on or not. the end number you are then shown, does not match another providor who advertises the same fee

all of which prove that it does not really matter what the fee is. BITCOIN IS VOLATILE!! your never going to get the lowest price in existance, so get use to paying a premium in some form or another no matter how its hidden, manipulated, worded!

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September 17, 2014, 09:33:57 AM
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its a start. nice website and good work. thx.

iamahappyminer
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September 17, 2014, 09:34:46 AM
 #5

Let's see what happens to those AUD rates once they start adding in the GST tax...
Really nicely done article here, and a great website
CoinATMRadar
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September 17, 2014, 10:42:08 AM
 #6

its a start. nice website and good work. thx.

Yeah, I definitely think it is a bit high due to lack of infrastructure at the moment, but the more operators and machines we get - the lower the fees will be.

Looking for BITCOIN ATM close to you? Check Bitcoin ATM Map from CoinATMRadar.
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September 17, 2014, 01:01:30 PM
 #7

A good attempt but lacking detail The Bringabong shop in Nimbin is mentioned but no fees .We currently charge 3% on bit average which will help with the averages for Australia. Our shop recently burnt to the ground and we have relocated to lot 9 No2 BlueKnob Rd Nimbin NSW 2480 Australia. Fortunately we saved the Lamassu which is now back in commission.
CoinATMRadar
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September 17, 2014, 03:08:40 PM
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Fortunately we saved the Lamassu which is now back in commission.

Is this lamassu machine in operation now, if yes - where?

Looking for BITCOIN ATM close to you? Check Bitcoin ATM Map from CoinATMRadar.
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