LibertyX is a US-based company that offers a variety of products and services related to Bitcoin, including a Bitcoin ATM network. The company was founded in 2013 and has since become one of the most popular and trusted providers in the space.
One of the most common questions people have about LibertyX’s Bitcoin ATMs is how much they charge. The answer is that it varies depending on the location and the type of transaction.
First, it’s important to understand that LibertyX’s Bitcoin ATMs are not like traditional ATMs where you can withdraw cash. Instead, they allow you to buy Bitcoin with cash. This means that the fees are different from what you might expect from a bank or traditional ATM.
The fees for buying Bitcoin at a LibertyX ATM can range from 1.5% to 8%, depending on the location and the amount of Bitcoin you want to buy. Generally, the more Bitcoin you buy, the lower the fee percentage will be.
For example, if you buy $100 worth of Bitcoin, you might pay a fee of 8%. But if you buy $1,000 worth of Bitcoin, you might only pay a fee of 1.5%. This is because the fees are based on a percentage of the transaction amount, so larger transactions are more profitable for LibertyX.
It’s also worth noting that LibertyX has a daily limit of $3,000 per customer. This means that you can’t buy more than $3,000 worth of Bitcoin in a single day at a LibertyX ATM.
In addition to the fees for buying Bitcoin, there may also be fees associated with using the ATM itself. For example, some locations may charge a convenience fee for using the ATM, or there may be fees for using certain types of payment methods (such as credit cards).
Overall, the fees for using a LibertyX Bitcoin ATM are generally competitive with other Bitcoin ATM providers. However, it’s important to remember that buying Bitcoin with cash can be more expensive than buying it through other methods (such as a cryptocurrency exchange), so it’s always a good idea to compare prices and fees before making a purchase.
If you’re interested in using a LibertyX Bitcoin ATM, you can find a list of locations on the company’s website. You’ll need to create an account and verify your identity before you can make a purchase, but the process is generally quick and easy.
In conclusion, LibertyX’s Bitcoin ATMs charge fees that vary depending on the location and the amount of Bitcoin you want to buy. Generally, the fees range from 1.5% to 8%, and there may be additional fees associated with using the ATM itself. While the fees are generally competitive with other Bitcoin ATM providers, it’s always a good idea to compare prices and fees before making a purchase.