Cryptocurrency Q&A
How much does Coinsource charge?
How much does Coinsource charge?
CharmedEcho
Thu Oct 17 2024
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7 answers
1738
I am considering using Coinsource for a transaction, but I am concerned about the fees. Could someone please tell me how much Coinsource charges for its services?
7 answers
CryptoElite
Sat Oct 19 2024
The costs associated with using Coinsource ATMs for cryptocurrency transactions can be significant. Crypto Dispensers reports that these machines impose a fee ranging from 10% to 23% of the total amount exchanged.
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Skywalker
Sat Oct 19 2024
This wide fee range indicates that the cost of the transaction can vary depending on various factors, such as the specific location or time of the transaction.
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Giulia
Sat Oct 19 2024
To illustrate the impact of these fees, consider a scenario where a user deposits $500 through a Coinsource ATM. In this case, the fees could range from $50 to $115, depending on the percentage charged.
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ShintoBlessing
Sat Oct 19 2024
Assuming the maximum fee of 23% is applied, the user would lose $115 to fees, leaving them with only $385 worth of BTC in their possession.
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BlockchainBrawler
Fri Oct 18 2024
Such high fees can discourage users from utilizing Coinsource ATMs for larger transactions, as the cost of the fees would significantly reduce the amount of cryptocurrency they receive.
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