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Are there any limits on the amount of bitcoin I can buy at a bitcoin ATM?

avatarSudip ShresthaDec 28, 2021 · 3 years ago3 answers

When using a bitcoin ATM, is there a maximum limit on the amount of bitcoin that I can purchase?

Are there any limits on the amount of bitcoin I can buy at a bitcoin ATM?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are usually limits on the amount of bitcoin you can buy at a bitcoin ATM. These limits can vary depending on the specific ATM and the operator. Some ATMs may have a daily limit, while others may have a per-transaction limit. It's important to check the limits before making a purchase to ensure that it meets your needs. Additionally, some ATMs may require you to provide identification and go through a verification process for larger purchases.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! Bitcoin ATMs typically have limits on the amount of bitcoin you can buy. These limits are in place to comply with regulations and prevent money laundering. The limits can vary from ATM to ATM, so it's a good idea to check the specific limits of the ATM you plan to use. Keep in mind that these limits are usually higher for verified users who have completed the necessary KYC (Know Your Customer) procedures.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are limits on the amount of bitcoin you can buy at a bitcoin ATM. However, the limits can vary depending on the ATM operator and the location of the ATM. Some ATMs may have daily limits, while others may have monthly limits. It's important to note that these limits are in place to prevent fraud and comply with regulatory requirements. If you need to buy a large amount of bitcoin, you may need to consider using a cryptocurrency exchange instead of a bitcoin ATM, as exchanges often have higher limits.