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What are the buying limits for bitcoin ATMs?

avatarAttia BatoolDec 20, 2021 · 3 years ago3 answers

I'm interested in using bitcoin ATMs to buy bitcoin, but I'm not sure about the buying limits. Can you please provide me with information about the buying limits for bitcoin ATMs?

What are the buying limits for bitcoin ATMs?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    The buying limits for bitcoin ATMs can vary depending on the specific machine and the operator. Some bitcoin ATMs have daily limits, which means you can only buy a certain amount of bitcoin within a 24-hour period. The limits can range from a few hundred dollars to several thousand dollars. It's important to note that these limits are usually set to comply with anti-money laundering regulations. If you're planning to buy a large amount of bitcoin, you may need to provide additional identification and go through a verification process. It's always a good idea to check the buying limits of the bitcoin ATM you plan to use before making a purchase.
  • avatarDec 20, 2021 · 3 years ago
    Buying limits for bitcoin ATMs can be different for each machine. Some ATMs have lower limits, allowing you to buy only a small amount of bitcoin at a time. Others have higher limits, allowing you to buy larger amounts. The limits are usually set by the operator of the bitcoin ATM and can depend on factors such as location, regulations, and the type of identification you provide. It's important to check the buying limits of the bitcoin ATM you plan to use before making a transaction to ensure it meets your needs.
  • avatarDec 20, 2021 · 3 years ago
    At BYDFi, we offer bitcoin ATMs with flexible buying limits. Our machines allow you to buy bitcoin with a daily limit of up to $10,000. We understand that our customers have different needs and we strive to provide a convenient and secure way to buy bitcoin. Our ATMs are located in various locations and offer a user-friendly interface. If you're looking for a bitcoin ATM with higher buying limits, BYDFi is a great option to consider.