New Bitcoin ATM Network Launches With 5% Flat Fee Nationwide
Lowest Fee Bitcoin ATMs enters the U.S. market with 400+ machines charging 5%, well below the industry norm of 12%-20%.
A new nationwide Bitcoin ATM operator is challenging the industry's long-standing fee structure by charging a flat 5% transaction fee across its network of more than 400 machines — a fraction of the 12% to 20% rates that have become standard at competing kiosks across the United States.
The company, operating under the name Lowest Fee Bitcoin ATMs and headquartered in Fort Lauderdale, Florida, launched its network with machines that support not only Bitcoin but also Ethereum and dollar-pegged stablecoins, all purchasable with cash. The multi-asset offering distinguishes the operator from many single-currency kiosks that dominate the current market.
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Among the more consumer-focused features is an online pre-registration system that the company says reduces a customer's first visit to approximately two minutes. The streamlined onboarding process addresses a common friction point at cryptocurrency ATMs, where identity verification and registration requirements have historically slowed transactions.
The entrance of a fee-competitive operator into the U.S. Bitcoin ATM market could apply downward pressure on pricing industrywide. Bitcoin ATM fees have drawn criticism from consumer advocates and regulators in recent years, with the wide gap between kiosk rates and exchange rates disproportionately affecting users who rely on cash — often those without access to traditional banking services.
Continue reading at Cryptocurrency for the full announcement and additional details on machine locations and supported assets.
