For example, to calculate Bitcoin Depot’s take, a user needs to multiply the market price of Bitcoin by the amount of cryptocurrency sent to determine its cash value; subtract that figure from the total amount of cash put into the machine; and figure in a nominal $3 flat fee. In the case of an $8,800 transaction, the Iowa attorney general calculated a $2,038.27 fee.

For example, to calculate Bitcoin Depot’s take, a user needs to multiply the market price of Bitcoin by the amount of cryptocurrency sent to determine its cash value; subtract that figure from the total amount of cash put into the machine; and figure in a nominal $3 flat fee. In the case of an $8,800 transaction, the Iowa attorney general calculated a $2,038.27 fee.