Buying:
Our Bitcoin ATMs charge 2 fees when buying cryptocurrency: a flat fee and a service fee. Both of these differ depending on the cryptocurrency. The service fee is included in the price of Bitcoin shown and agreed upon on the machine. When purchasing at our BATMs, you will notice our machines show a rate that is slightly higher than the market price.
Please refer to this page for the most accurate information: https://localcoinatm.com/en-pl/fees/
This fee is included in the price of Bitcoin shown on the machine. When selling at our BATMs, you will notice our machines show a slightly different rate shown on the machine versus the current market rate for Bitcoin.
To provide an example, if the market rate for Bitcoin is zł50,000, when you use our ATM, you will be paying a price of zł55,000 per Bitcoin (assuming a 10% fee). There is also a zł10.00 flat fee that goes directly to the Bitcoin network to validate your transaction.
Here is a sample calculation for our fees assuming a zł100 Cash amount, a 10% Service fee, a zł10 Fixed fee, and the Market Rate for Bitcoin is zł50,000.
- First, calculate the Cryptocurrency Amount purchased
(Cash amount - Fixed fee) / (Market Rate x Service fee) = Cryptocurrency Amount
(zł100-zł10)/(zł50,000/BTC X 1.10)
= 0.00163636364 BTC
- Then, to calculate the value of BTC purchased, use the Market Price and the Cryptocurrency Amount
Crypto amount X Market Rate = value of BTC purchased
0.00163636364 BTC X zł50,000/BTC = value of BTC purchased
= zł81.82 worth of BTC
- So, the amount paid in fees would be equal to:
Cash amount - the value of BTC purchased = Amount paid in fees
zł100 - zł81.82 worth of BTC = zł18.18 paid in fees
Please note: When a discount code is used, it only reduces the fees charged for the transaction.
Please refer to this page for the most accurate information.