Cryptocurrency ATMs are getting more and more popular among individuals, businesses, and companies around the world. These crypto machines let you buy and sell cryptocurrencies with cash, and they’re very easy to use by basically anyone. However, there’s some confusion about how much crypto you can buy at a Coinhubatm, which will be fully explained here.
How Many Cryptos Can You Buy Here?
The good news is that you can buy “a lot” of crypto from any Coinhub ATM near you nowadays. You can purchase up to $500 worth of Bitcoin or Ethereum per day at any Coinhub location. If that isn’t enough for your needs, then simply come back tomorrow and try buying some crypto here again.
If you do happen to have a crypto ATM near where you live or work, then there’s no reason why anyone would need more than $250 worth of crypto cash per visit – and even then, it may end up being too much money spent on certain digital assets when compared against other options.
Is There A Minimum Amount Of Crypto I Can Buy?
Yes, you can buy as little as $5 worth of crypto per use of Coinhub ATMs. On the other hand, the maximum amount you can buy from the crypto machine at a time is $1,000. So if you’re looking to make larger crypto purchases, this may be an issue because Coinhub ATMs only allow users to purchase up to $2,500 worth of cryptocurrency per day.
What Is The Cost Of Use The Coinhub Crypto ATM?
In addition to the purchase price of your crypto, the crypto ATM fee at Coinhub is a flat 5%. This means that if you buy $50 worth of Bitcoin and pay with cash, your total cost of the transaction would be $55. If you use a credit card, there will be some additional fees charged by your bank or credit card company.
All Coinhub ATMs Charge A Fee For Their Services
When you use a Coinhubatm, the fee for your crypto transaction is listed on the screen before completing your purchase. The said fee is paid by the user in crypto at the time of purchase. For example, if you are buying $100 worth of Bitcoin and there’s an 11% fee, then you will have to pay $110 worth of Bitcoin to complete your transaction.
All crypto ATMs from Coinhub charge a percentage-based fee as part of their service, usually ranging from 5% – 15%. This means that if you use the Coinhub kiosk in Vancouver (which has a 10% flat rate) compared to another ATM across town with no flat rate but instead charges 8%, then choosing the first Coinhub kiosk means saving yourself 2%.