Checking bitcoin ATM fees and limits (PBMs) is important to avoid unexpected charges and ensure transactions are completed correctly. Here are a few steps to help you find out the fees and limits:
Checking on the ATM screen
Many modern cryptocurrency ATMs display information about fees and limits on the screen before initiating a transaction. This can usually be seen at the time of selecting the cryptocurrency and transaction amount. Before confirming the transaction, read all the information carefully to make sure you’re comfortable with the terms and conditions.
- Fee: Usually displayed as a fixed amount or a percentage of the transaction amount.
- Limit: Some ATMs indicate the minimum and maximum transaction amount that can be exchanged.
Check via mobile apps
Some crypto ATMs have mobile apps or online platforms where you can check fees and limits in advance.
To do this:
- Find an ATM on a map through the app or website.
- Review its features, including fees, transaction limits, and available exchange methods.
- Some services (such as CoinATMRadar) provide detailed information about ATMs, including fees and limits.
Research through aggregator sites and services
There are several sites and services that collect data on bitcoin ATMs around the world, including information on fees and limits. Popular ones include:
- CoinATMRadar: This site provides information about ATMs, their locations, and terms and conditions, including fees and limits for various transactions.
- CoinFlip: This is another service that allows you to check information about ATMs in your area, including limits and fees.
Request information from the ATM operator
If you have doubts or need to know more precise information about limits and fees at a particular ATM, you can directly contact the operator of the device. Most ATMs have support contact information on the screen where you can call or write to get up-to-date information.
Checking before a transaction
If you’re planning a large transaction, it’s always best to check ahead of time to make sure the fees won’t be too high and that the limits are appropriate for your needs. For example, if you need to withdraw or exchange a large amount, some ATMs may have strict limits per transaction or per day.
Additional tips
- Fees may depend on the amount: Some ATMs may have a flat fee or a percentage fee depending on the size of the transaction.
- Read the terms and conditions of the transaction: Sometimes the fee may be hidden in the terms and conditions of the exchange and only after the transaction is confirmed will it become apparent.
Understanding the fees and limits will help you avoid unpleasant surprises and effectively use bitcoin ATMs for your transactions.