How much does Coinsource ATM charge?

In this scenario, the fee would fall within the 10% to 23% range mentioned earlier. Assuming the fee is at the higher end of this range, at 23%, you would be charged approximately $115 in fees for your $500 deposit.

Consequently, the net amount of BTC you would receive after deducting the fee would be $385. This amount represents the value of BTC you would obtain for your $500 deposit, minus the fees charged by the ATM.

It's important to note that the actual fee charged by a Coinsource ATM can vary depending on various factors, such as the location of the ATM and the prevailing market conditions. Therefore, it's always advisable to check the fee structure before using one of these machines.

The cost of using Coinsource ATMs for cryptocurrency transactions can be significant. According to Crypto Dispensers, these machines impose a fee ranging from 10% to 23% of the total transaction amount. This fee structure is a crucial factor to consider when deciding whether to use these ATMs for your crypto needs.

Let's illustrate this fee structure with an example. Imagine you wish to deposit $500 worth of fiat currency into your cryptocurrency wallet via a Coinsource ATM. The fee charged by the ATM will be calculated based on the total amount you are depositing.