Post
Topic
Board Marketplace
Re: best Bitcoin ATM with low fees in USA
by
blockchainpcn
on 09/04/2023, 15:18:27 UTC
would be good to compile all details. Y/N
1)Phone Needed , is a phone number needed to do verification Y/N, Ideally no phone should be needed
2)Email Needed, is an Email needed to do verification Y/N, Ideally no email should be needed
3)Name Needed
4)Government ID needed, is a Government ID needed to do verification Y/N, Ideally no Government ID should be needed
5)Flat Fee, how much flat fee do they charge , e.g. 4.95$/buy ,this can be significant if they have a limit e.g. 500$/day , then this fee is 1% of trade
6)Surcharge % : How much fee do they charge e.g. some ATMs charge upto 16%, ideally 5-8% ok digestible
7)Miner Fee, Flat or % , some ATMs need a Miner fee which is added , further reducing the BTC you get
8)Price Difference Markup , some ATMs show a higher price for BUYs, so that adds to the markup as well
9) So your effective fee is  FlatFee+Surcharge+Markup+Miner. this sucks , but if we compile a list of these fees , everyone can make an infiormed decision