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Bitcoin ATMs (BTMs) offer a quick and easy way to buy and sell Bitcoin without the need for online exchanges. However, this convenience comes with fees. In the USA, these fees can vary greatly depending on the provider and location.
On average, Bitcoin ATMs charge anywhere from 5% to 25% per transaction, plus network fees of $1 to $3. Understanding these fees is key to making informed decisions when using Bitcoin ATMs.
In this comprehensive guide, we’ll explain Bitcoin ATM fees, explore the different types of charges you might encounter, and provide a detailed breakdown of fees from various operators.
Whether you’re a seasoned crypto user or a newcomer, understanding these fees is key to making informed decisions. Let’s explore and uncover the true cost of using Bitcoin ATMs!
Bitcoin ATM Buy Charges Calculator: All Operators
Here, you can calculate any buy charges for any BTM service provider:
Bitcoin ATM Buy Fees Calculator
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Key Takeaways
- Bitcoin ATM charges are either a percentage or fixed amount charged when converting your Bitcoin to cash or vice versa on a Bitcoin ATM.
- Customer support, regulatory compliance, accessibility, and functionality are covered by these fees.
- Transaction fees vary from 5% to 23%, plus network fees of $1 to $3, depending on the Bitcoin ATM service provider.
- Bitcoin ATM exchange fees are different from wallet transfer fees.
- Tips to reduce fees include comparing providers, planning transactions, and researching.
- At CoinTime, we offer low-fee services across 170+ locations globally.
Top 20+ United States Bitcoin ATM Operators Fees
When buying and selling Bitcoin using a Bitcoin ATM, note that ATMs charge different transaction fees.
Here are some of the top providers in the United States and how much fees they charge for transactions:
| Bitcoin ATM operator | Buy Fee | Sell Fee |
| CoinTime ATM | 17.5% to 25% | – |
| CoinFlip Bitcoin ATMs | 3$ + (7.1% to 17.6%) | 5.3% |
| Bitcoin Depot | 20% | – |
| RockItCoin | $ 1 + 18.7% | $ 1 + 16.3% |
| Athena Bitcoin | 10% to 25% | 5% |
| Coinhub Bitcoin | 9.9% to 24.22% | – |
| Unbank | (5$ + 13.1%) to (8$ + 18.1%) | – |
| Just Digital Coin | 4$ + 18.7% | – |
| Bitstop | 13.5% | – |
| National Bitcoin ATM | 10% to 25% | – |
| Margo | 10% to 25% | – |
| Byte Federal | 10% to 25% | – |
| GetCoins | 10% to 25% | – |
| Cash2Bitcoin | 10% to 25% | – |
| BTMmachines | 10% to 25% | – |
| Freedom Gateway | 10% to 25% | – |
| American Crypto Bitcoin ATM | 20% + $1.99 | 4.9% |
| CoinMover | 10% to 25% | – |
| Bitbox ATM | 20% | – |
| HILT | 14.99% | – |
| BitcoinX ATM | 10% to 25% | – |
| CoinGenie | 3$ + (15.5% to 16%) | – |
At CoinTime, we offer competitive rates, among the lowest on the market, only 17.5% buy fees with no hidden fees.
When you pre-register for our service, which takes less than 2 minutes, you could save 30% on fees and enjoy a $50,000 daily transaction limit.
Line Graph Showing Top 15 US Bitcoin ATM Operators Buy Fees
What are Bitcoin ATM Fees? & How Fees Are Calculated?
Bitcoin ATM fees are the charges for converting your Bitcoin to cash or vice versa at a Bitcoin ATM near you.
A regulatory compliance fee, accessibility fee, functionality fee, and customer support fee are all included in this fee.
Here are some of the costs that Bitcoin ATM providers have to cover:
- Regulatory compliance: Licensed and regulated Bitcoin ATMs comply with federal government regulations to ensure safety and security, preventing illicit activities like money laundering. Operators have to adhere to regulatory requirements set forth by lawmakers.
- Accessibility: Bitcoin ATMs are typically placed in high-traffic areas to ensure their accessibility and convenience for customers. Providers incur expenses to install and maintain ATMs in these locations.
- Functionality: Operating a Bitcoin ATM entails costs related to hardware, internet access, security measures, maintenance, and the secure transportation of cash to and from the machines. Fees contribute to these operational aspects to maintain the functionality and security of Bitcoin ATMs.
- Customer support: Bitcoin ATM operators like CoinTime offer customer support services to assist users with inquiries or issues that may arise during transactions. Fees help cover the costs of providing efficient and responsive customer support, ensuring a positive user experience.
- Regional Fee Variations: Bitcoin ATM fees can vary depending on the state or region within the USA due to local regulations and market demand. For instance, ATMs in highly regulated states or high-demand urban areas may charge higher fees compared to those in rural locations. Make sure to check fee differences across various regions before making transactions.
Type of Bitcoin ATM Charges (Understanding Bitcoin ATM Fees in 2024)
There are different types of fees associated with Bitcoin ATMs that you should note:
– Transaction Fees
At a BTM, each transaction is subject to transaction fees.
In most cases, this fee will be anywhere from 5% to around 25% of the transaction amount.
Some ATMs may also charge a flat fee per transaction, typically a few dollars, to cover operational costs and generate revenue for the operator.
– Exchange Rates
Bitcoin ATMs set the exchange rate.
In exchange for Bitcoin or other cryptocurrencies, they use it to convert their cash.
ATM exchange rates change and may vary and shift during the day due to market conditions.
Bitcoin ATMs generally offer rates slightly higher than the market rate.
They do this to compensate for the risk of holding cryptos and to make a profit.
But we don’t do that at CoinTime. We will charge you at the current and fair market exchange rates.
which atm SHould
you go to?
CoinTime
$0.00
Fee
You Pay
VS
the competition
Fee
You Pay
– Hidden Fees
Some Bitcoin ATMs may include additional charges beyond the standard transaction fees, such as:
- withdrawal limits.
- fees for non-registered users.
- or extra costs for exceeding certain transaction thresholds.
It’s essential to review all potential hidden fees before using an ATM to avoid unexpected costs.
Fortunately, this is not the case with CoinTime, as we do not have any hidden fees.
– Specific Fees
Some BTMs may have additional fees for some services, such as wallet creation or cash withdrawals.
These fees vary among ATMs and may not be standard across all machines.
How Much Fees Do Bitcoin ATMs Charge In The USA?
When using a Bitcoin ATM to buy or sell Bitcoin, you will come across fees ranging from 5% to 25%.
Depending on factors such as the location of the ATM, the ATM provider, and the transaction fee, these fees can differ.
The chart below shows the average Bitcoin ATM buy fees charged globally:
Line Graph With Buy Fees Charged By Bitcoin ATM Operators
Note that buy fees differ from sell fees when using a Bitcoin ATM.
Here are the average sell fees:
Line Graph Showing Sell Fees at Bitcoin ATM Operators
Let’s consider a situation where you want to convert $500 into Bitcoin.
If the Bitcoin ATM charges a 10% fee, you will receive approximately $450 worth of Bitcoin after deducting the fee.
At a 15% fee rate, you would get around $425 worth of Bitcoin.
Apart from these, there are network fees that range from $1 to $3.
These network fees are part of the costs associated with transacting on the Bitcoin network and are not included in the operator’s fees.
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Hidden exchange rates
Bitcoin ATM Exchange Fees vs. Wallet Transfer Fees
When using a Bitcoin ATM, you are charged an exchange fee.
The ATM operator charges this fee for converting your cash into Bitcoin.
These fees cover operational expenses such as maintenance and compliance.
The fee is normally counted as a percentage of the transaction amount.
On the other hand, when you transfer Bitcoin from your wallet to another’s, you incur a transfer or network fee.
The fee helps the network operate by paying miners who validate and confirm transactions.
The fee amount can vary based on factors such as network congestion and the urgency of your transaction.
According to YCharts data, Bitcoin transaction fees currently average 1.230, down from 16.08 one year ago.
This growth is in line with the increasing price of Bitcoin.
Essentially, the ATM exchange fee covers the service for converting fiat to Bitcoin, while the wallet transfer fees support Bitcoin transactions across the blockchain network.
Gain more common knowledge about Bitcoin ATM charges, transactions, limits, scams, and way more through our latest guide: 12 Things to Know Before Buying Bitcoin at an ATM
How to Avoid Paying High Bitcoin ATM Fees
If you are wondering, “What is the best ways to avoid Bitcoin ATM fees?” when buying Bitcoin from an ATM, use these strategies:
- Explore various ATM providers: Different Bitcoin ATM operators may have different fee structures. Look for providers offering competitive rates and lower fees.
- Compare fee schedules: Before using a specific Bitcoin ATM, compare the fees charged by various machines in your area. Some ATMs may have fees higher than the rest, so you need to look around first. Also do not forget to look for hidden fees cause many operators may charge hidden fees and higher exchange rates, but we do not do that at CoinTime.
- Plan transactions: When you can, combine Bitcoin purchases. This lowers the ATM transactions and the involved fees. By planning your transactions effectively, you can optimize each transaction and reduce overall costs.
- Use Pre-Registration Discounts (CoinTime’s Offer): You can also use our 30% off pre-registration discount at CoinTime to get lower fees.
Keep in mind that ATM provider and location can affect fee structures. Hence, you need to do your research before you finalize any transactions.
Bitcoin ATMs for Convenience
Bitcoin has been surging in value since 2013 when it was first launched.
Around then, Bitcoin, the top crypto by market cap, was trading at around $13 and has since surged to high levels such as $76680 per Bitcoin.
Bitcoin ATMs Installations rates have also increased with this growth.
Line Graph Showing the Number of Bitcoin ATMs Rate Over Time in the United States
At CoinTime, we provide a seamless experience for users to sell and buy crypto using Bitcoin ATMs.
We have over 150 locations to access secure and easy Bitcoin transactions.
There are also low fees and fast transactions, making our ATMs convenient for users.
Simply visit our BTM map locator tool page and check out the nearest Bitcoin ATM to your location
Want to Use Bitcoin ATMs Near You?
Find the nearest CoinTime BTM for the best transactions:
– Multiple Locations
– No Hidden Fees
– Up to $50,000 Limit
Methodology
The data used here was gathered from reputable sources to obtain the detailed scope of Bitcoin ATM charges.
The data was collected from the various Bitcoin ATM providers’ sites and official pages.
We conducted an in-depth analysis of the fee structures of the Bitcoin ATM operators above, considering percentage-based fees, fixed fees, and any additional costs to give you a comprehensive piece.
However, the actual fees might differ slightly from those in tables and graphs depending on the operators’ decision over time.
Meanwhile, feel free to reach out if you find any information has been updated, incorrect or inaccurate. You can contact us through our form.
FAQs
How much does a Bitcoin ATM charge per $100?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $100 the BTMs fee will range from $7.5 to $25.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $200?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $200 the BTMs fee will range from $15 to $50.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $300?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $300 the BTMs fee will range from $22.5 to $75.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $500?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $500 the BTMs fee will range from $37.5 to $125.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $800?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $800 the BTMs fee will range from $60 to $200.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $1000?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $1000 the BTMs fee will range from $75 to $250.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $2000?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $2000 the BTMs fee will range from $150 to $500.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $3000?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $3000 the BTMs fee will range from $225 to $750.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $5000?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $5000 the BTMs fee will range from $370.5 to $1250.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
How much does a Bitcoin ATM charge per $10000?
Bitcoin ATMs fee ranges from 7.5% to 25% so for.
So: for $10000 the BTMs fee will range from $750 to $2500.
At coin time we offer 30% off fees, 50,000 daily limits with no hidden fees, all you need to do is to pre-register now.
Do Bitcoin ATMs charge a fee?
Yes, they typically do. Depending on the provider, Bitcoin ATMs charge fees ranging from 10% to 23%, to cover operational expenses.
Why do Bitcoin ATM Fees Vary?
Why are the fees for using Bitcoin ATMs so high?
The Bitcoin ATM fees are associated with operational costs that come with running a Bitcoin ATM, such as leasing space and maintenance.
Can I withdraw cash from a Bitcoin ATM?
Yes, you can withdraw cash from bidirectional (two-way) Bitcoin ATMs, which allow you to purchase and sell Bitcoin.
Is it safe to use a Bitcoin ATM?
Yes, Bitcoin ATMs are generally safe.
They follow regulations like Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.
This ensures a safe Bitcoin transaction.
How do I find a Bitcoin ATM near me?
You can locate a nearby Bitcoin ATM near me using various online resources like CoinTime ATM which provides updated information on ATM locations.
What do I need to use a Bitcoin ATM?
To utilize a Bitcoin ATM, you’ll require a Bitcoin wallet, a smartphone for wallet access, and cash or a debit card.
For larger transactions, a government-issued ID may be necessary for verification.
How do I choose the right Bitcoin ATM?
When selecting a Bitcoin ATM, consider factors such as transaction fees, location, user feedback, and whether it’s a one-way or two-way machine. Choose reputable operators with transparent fee structures.
How to Use a Bitcoin ATM?
The number of Bitcoin ATMs globally is large, and it keeps growing.
To use the nearest Bitcoin ATM, here are the steps you should follow:
- Find your nearest Bitcoin ATM: Use tools like CoinTime’s location page or a quick Google search for “bitcoin near me” to find a convenient Bitcoin ATM.
a picture containing Coin time bitcoin atm map locator in USA - Select “buy bitcoin” on the ATM’s home screen: Once at the ATM, navigate to the option that allows you to purchase bitcoin.
- Review and accept terms and conditions: Take a moment to review the terms and conditions presented on the screen and accept them before proceeding.
- Verify your phone number: For security purposes, you may be required to verify your phone number before initiating the purchase process.
- Review the exchange rate: Take note of the current exchange rate displayed for your transaction to understand the value you’ll receive for your fiat currency.
- Deposit the money: At this time, put your money into the BTM. Note that some Bitcoin ATMs may have limitations on the denominations they accept, so be mindful of any restrictions.
- Verify the total deposit amount: Once you’ve deposited your bills, confirm the total deposit amount displayed on the screen.
- Complete the transaction: After verifying the deposit amount, select the option to “Buy Bitcoin” to finalize the transaction. The Bitcoin ATM will then process your purchase and print a receipt for your records.
By following these steps, you can easily and securely purchase Bitcoin using a Bitcoin ATM.
How to Sell Bitcoin?
Selling your Bitcoin has similar steps to buying Bitcoin.
After finding the ATM nearest to you using the CoinTime locator, here is what you need to do next:
- Select the ‘sell’ option: Choose the ‘sell’ option on the Bitcoin ATM’s screen, which is typically only offered at bi-directional Bitcoin ATMs.
- Verify your identity: Depending on the ATM operator’s requirements, you may need to verify your identity by entering a code sent to your phone number or scanning a valid ID.
- Scan the QR code: Scan the QR code linked to the wallet where you want the sold bitcoins to be transferred. This ensures that the bitcoins are sent to the correct destination.
- Choose the amount to sell: Select the number of bitcoins you want to sell. The ATM will display the equivalent amount in fiat currency based on the current exchange rate.
- Confirm the transaction: Check to see that the transaction details you gave are accurate and confirm that you want to proceed with the sale.
- Execute the sale: Once confirmed, the ATM will execute the sale. The bitcoins will be removed from your wallet, and the ATM will dispense the agreed-upon amount of fiat currency.
