This is because we fill our wallet each morning to allow us to instantly send out bitcoin once a transaction is made so that you never have to wait longer than 15-20 minutes for a purchase to clear. The rates you'll receive at Digital Mint will almost always be higher than the rates you'll receive at an online exchange. Along with those rates we of course also offer lower fixed rates for regular customers, even ones making smaller transactions regularly. A breakdown of our rates along with a rate calculator can be found on our website here. At our ATMs we use a tiered markup system depending on how much you're purchasing with us at that time. At a teller location the standard rate is a flat 12%. Our markup rates differ depending on a couple of different factors. Still higher than I would like to pay but its nice to have options. Got a quick response and the customer support locked in a lower 8.5% rate for me going forward. I knew there would be a fee but was honestly a little surprised by how much it really was. NOTE: I did email the company after the fact to inquire about the fee as I was unaware prior to the transaction.

Undisclosed 14% transaction fee (This was unknown at the time - and not listed anywhere in the machines UI.) After that scan your existing wallet QR or create a new, insert your cash and you're done. The UI requires you 'register' as a new user if its your first time requiring a phone number and a scan of your license and create a pin #.

Naturally I wanted to give it a try and I have to say I was very impressed. I have always heard of BTC ATMs but had never actually seen one until today when I came across this beauty in my town.

Digital mint reviews