Welcome to Our Support Centre ‎

Fees When Buying Cryptocurrency:

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-au/fees/ 

Machine Sell & Pre-Sell Online:
 

We charge a fee of 6% service fee on both these types of sell transactions.

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.

Online Sell:
 

We charge a fee of 4% service fee on both these types of sell transactions.

When selling at online, you will notice our system show a slightly different rate shown on the machine versus the current market rate for Bitcoin.

How Are Fees Calculated?

To provide an example, if the market rate for Bitcoin is $50,000 AUD when you use our ATM, you will be paying a price of $56,000 AUD per Bitcoin (assuming a 12% fee). There is also a $4 flat fee that goes directly to the Bitcoin network to validate your transaction.

Here is a sample calculation for our fees assuming a $100 Cash amount, a 12% Percent fee, a $4 Fixed fee and the Market Rate for Bitcoin is $50,000 AUD.

Quantity of Bitcoin purchased formula:

(Cash amount - Fixed fee) / (Market Rate x Percent fee) = Cryptocurrency Amount

($100-$4)/($50,000/BTC X 1.12)

= 0.00171428571 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

0.00171428571 BTC X $50,000/BTC = value of BTC purchased

= $85.71 worth of BTC

So, the amount paid in fees would be equal to:

Cash amount - the value of BTC purchased = Amount paid in fees

$100 - $85.71 worth of BTC

= $14.29 paid in fees

For a list of all our fees for other services, please check out our website.

Please note: When a discount code is used it only reduces the fees charged for the transaction.