Cryptocurrency Q&A
When you buy bitcoin at a Coinstar Bitcoin ATM or MoneyGram location, your purchase is transferred to your personal Coinme wallet.How much does it cost to use Coinme ATMs?
When you buy bitcoin at a Coinstar Bitcoin ATM or MoneyGram location, your purchase is transferred to your personal Coinme wallet.How much does it cost to use Coinme ATMs?
Michele
Sat Jun 22 2024
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5 answers
1047
As a cryptocurrency enthusiast and financial practitioner, I'm curious about the cost of utilizing Coinme ATMs for bitcoin purchases. Specifically, when a consumer opts to buy bitcoin from a Coinstar Bitcoin ATM or MoneyGram outlet, the transaction is seamlessly directed to their individual Coinme wallet. However, what are the fees associated with utilizing these convenient ATMs for bitcoin acquisitions? Are there any hidden costs or variable transaction fees that consumers should be aware of? Clarifying these details would be greatly appreciated.
5 answers
Chiara
Mon Jun 24 2024
The company imposes a 10% service fee for both the purchase and sale of bitcoins through its kiosks.
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ZenBalanced
Mon Jun 24 2024
This fee is considered relatively high in comparison to the broader cryptocurrency industry.
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CryptoElite
Mon Jun 24 2024
Nevertheless, a service charge ranging from 8% to 10% is typically standard among bitcoin ATM operators.
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Martino
Mon Jun 24 2024
The decision to charge such a fee reflects the operational costs and maintenance required to keep these machines running efficiently.
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Rosalia
Mon Jun 24 2024
Utilizing Coinme's bitcoin ATMs comes with a transactional cost, similar to other such machines.
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