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Is there a limit to how much Bitcoin I can buy from a Bitcoin ATM?

avatarmiaowwwwDec 17, 2021 · 3 years ago3 answers

I'm interested in buying Bitcoin from a Bitcoin ATM, but I'm wondering if there is a limit to how much I can buy. Can I purchase a large amount of Bitcoin or is there a maximum limit set by the ATM?

Is there a limit to how much Bitcoin I can buy from a Bitcoin ATM?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there is usually a limit to how much Bitcoin you can buy from a Bitcoin ATM. The exact limit can vary depending on the specific ATM and its operator. Some ATMs have a daily limit, which means you can only buy a certain amount of Bitcoin within a 24-hour period. Other ATMs may have a per-transaction limit, which restricts the amount of Bitcoin you can buy in a single transaction. It's important to check the limits of the ATM you plan to use before making a purchase.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Bitcoin ATMs typically have limits on the amount of Bitcoin you can buy. These limits are usually in place to comply with local regulations and prevent money laundering. The limits can vary from ATM to ATM, so it's important to check the specific limits of the ATM you're using. Keep in mind that some ATMs may require identity verification for larger purchases, so be prepared to provide identification if necessary.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there is a limit to how much Bitcoin you can buy from a Bitcoin ATM. At BYDFi, for example, the maximum limit for purchasing Bitcoin from our ATMs is $10,000 per transaction. However, please note that this limit may vary depending on the specific ATM and its operator. It's always a good idea to check the limits and requirements of the ATM you plan to use before making a purchase.