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Fees When Buying Cryptocurrency:

Our Bitcoin ATMs charge 2 fees when buying cryptocurrency: a flat fee and a percent fee. Both of these differ depending on the cryptocurrency, all of which are shown in the chart below:

We charge a percent fee of 10-17%. This 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.

Machine Sell & Pre-Sell Online:

We charge a fee of 6% 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.

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.