Coinflip ATM Fees: A Comprehensive Guide

Coinflip ATMs are a convenient way to exchange cryptocurrencies for cash, but be aware that these transactions come with fees. Some Coinflip ATMs charge a flat fee of $4.75, while others may charge a percentage of the transaction amount.

The fees for Coinflip ATMs can vary depending on the location and type of transaction. For example, a Coinflip ATM in Los Angeles charges a flat fee of $4.75, while one in New York City charges a flat fee of $5.50.

These fees can add up quickly, so it's essential to factor them into your exchange calculations. Coinflip ATMs typically offer more favorable exchange rates than traditional currency exchange services, but the fees can eat into your profits.

Additional reading: Currency Conversion Fee vs Foreign Transaction Fee

CoinFlip offers a range of advantages that set it apart from other cryptocurrency services. Here are some of the key benefits:

CoinFlip's physical Bitcoin ATMs are a unique feature, allowing users to buy Bitcoin directly with USD cash. This is only possible with CoinFlip's network of over 3000 ATMs across the USA.

The company also offers online trading desk services, allowing users to buy and sell cryptocurrencies with bank transfers or debit and credit cards. This service is powered by Simplex and requires verification.

With CoinFlip, users can enjoy low minimums and high limits when using the trading desk, making it an attractive option for those looking to invest in cryptocurrencies.

CoinFlip's trade desk offers personalized, white-glove service with on-demand and live help. This is available via phone or email, 24/7.

Here are some of the key benefits of using CoinFlip's services:

CoinFlip's network of over 3000 ATMs across the USA allows users to buy Bitcoin directly with USD cash. This is a unique feature that sets CoinFlip apart from other services.

The company offers 24/7 ATM customer service, which is a big plus for users who need help at any time. You can reach out to them via phone or email, and they'll be happy to assist you.

One of the best things about CoinFlip is that business owners can host their ATMs and earn passive income. This is a great opportunity for entrepreneurs to get involved in the cryptocurrency space and earn some extra money.

CoinFlip's online trading desk is available for users who want to buy and sell cryptocurrencies with bank transfers or debit and credit cards. This is a convenient option for those who don't have access to an ATM or prefer to use their cards.

The company offers low minimums and high limits for users who want to make larger transactions. This is a big advantage for those who want to invest in cryptocurrencies without breaking the bank.

Here are some of the key benefits of using CoinFlip:

CoinFlip's trade desk offers personalized, white-glove service with on-demand and live help. This is a big plus for users who want to get assistance quickly and easily.

CoinFlip is an American crypto exchange that's been around since 2016. They're unique because they allow you to buy Bitcoin and 6 other cryptos for cash, which is super convenient.

One of the ways they make this possible is by having Bitcoin ATMs in various locations across the country. You can even see where these ATMs are located on a map.

Chicago, Florida, and Michigan have been lucky enough to have more ATMs placed in these areas.

CoinFlip's ecosystem of products and crypto financial services is nowhere comparable to full-featured exchanges like Binance or Crypto.com. It's primarily a cryptocurrency ATM platform for using USD cash to buy crypto.

Fees using CoinFlip's services are far higher than traditional cryptocurrency exchanges. They can range from 0.5% and higher, depending on volume.

The online platform is not a trading interface with a trading engine or full-featured exchange, but rather an OTC trade desk that can execute trades. There are no order books, no charting, or advanced order type functionality.

CoinFlip's fees can be as high as 6.99-9.9% when buying crypto and 4.99% when selling crypto across their Bitcoin ATMs, in addition to a fluctuating network fee of $1 to $3.

Broaden your view: Crypto Wallet Fees

CoinFlip's fees are quoted to range between 6.9-9.9% across all their Bitcoin ATMs.

You'll also need to pay a network fee, which is charged by the Bitcoin blockchain and can range from $1.99 minimum to over $3, depending on the state of the blockchain network at the time of transaction.

CoinFlip doesn't collect this fee, and it's delivered directly to the miners that process the transaction.

If you have a discount code, it will be deducted from the CoinFlip fee, which is a nice perk.

CoinFlip's standard mining fee for withdrawal is USD 0.99, which is a relatively small amount.

You can deposit funds through credit card or by using one of their Bitcoin ATMs to deposit paper cash, but wire transfer is not currently an option.

For your interest: Bitcoin Network Fees

Buying Crypto with Cards can be a bit pricey, with fees ranging from 2.99% to 5.98%. This is because some services, like CoinFlip, charge a 2.99% transaction fee.

For example, CoinFlip charges a flat 2.99% transaction fee, which is a straightforward cost to consider. Simplex, on the other hand, charges a 2.99% transaction fee with a minimum of $5.

These extra charges apply in addition to the rate provided at checkout, so be sure to factor them into your overall cost.

Broaden your view: Bitcoin Depot Atm Charges

CoinFlip doesn't have a traditional trading interface, so it doesn't use maker-taker fees like most exchanges.

The exchange fee for CoinFlip is actually a percentage spread, not a flat fee. This is a bit different from what you might be used to on other exchanges.

For Bitcoin, the buy fee is 6.99% above the Tradeblock XBX index spot price, while the sell fee is 3.99% below. This means the total fee for both takers and makers is 5.49%.

CoinFlip's fees are quite straightforward. They charge between 6.9-9.9% on top of the cryptocurrency's spot price.

The CoinFlip fee is in addition to the network fee charged by the Bitcoin blockchain, which ranges from $1.99 minimum to over $3 depending on the state of the blockchain network at the time of transaction. This fee is delivered directly to the miners that process the transaction.

A different take: Atm Card Foreign Transaction Fees

CoinFlip's standard mining fee for withdrawals is USD 0.99. This is a one-time fee that's charged for each transaction.

You can avoid this fee by using a discount code, which is deducted from the CoinFlip fee. CoinFlip also offers a rate-matching program that matches the best price across any other competitor ATM within a 5 mile radius.

If you're buying Bitcoin or crypto online with a credit card, the total fees are 5.98%. This includes a 2.99% transaction fee charged by CoinFlip and another 2.99% transaction fee charged by Simplex, with a minimum of $5.

If you're using a CoinFlip ATM, you'll need to create an account to access your funds.

The account creation process is straightforward, taking just a few minutes to complete.

You'll need to provide some basic personal and financial information, such as your name, email address, and phone number.

The CoinFlip app is available for both iOS and Android devices, making it easy to access your account on the go.

To secure your account, CoinFlip uses two-factor authentication (2FA) to add an extra layer of protection.

This means you'll need to enter a code sent to your phone or email in addition to your password when logging in.