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What are the limits for withdrawing money from a Bitcoin ATM?

avatarMink KimDec 15, 2021 · 3 years ago3 answers

Can you please provide information on the limits for withdrawing money from a Bitcoin ATM? I would like to know the maximum amount I can withdraw and if there are any restrictions or fees associated with it.

What are the limits for withdrawing money from a Bitcoin ATM?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! When it comes to withdrawing money from a Bitcoin ATM, the limits can vary depending on the specific machine and the operator. Generally, most Bitcoin ATMs have a daily withdrawal limit ranging from $1,000 to $10,000. However, it's important to note that some machines may have lower or higher limits. Additionally, some Bitcoin ATMs may require you to provide identification for larger withdrawals. As for fees, Bitcoin ATMs usually charge a percentage-based fee for each transaction, which can range from 3% to 8% of the total amount. It's always a good idea to check the specific limits and fees of the Bitcoin ATM you plan to use before making a withdrawal.
  • avatarDec 15, 2021 · 3 years ago
    Well, well, well! When it comes to withdrawing cash from a Bitcoin ATM, you gotta keep in mind that the limits can be different for each machine. Some ATMs may have a daily withdrawal limit of $1,000, while others can go as high as $10,000. It's like a game of luck, my friend! And don't forget about the fees. Those sneaky ATMs usually charge you a percentage-based fee for each transaction. It can be anywhere from 3% to 8% of the total amount. So, make sure you check the limits and fees before you go on a cash withdrawal spree!
  • avatarDec 15, 2021 · 3 years ago
    When it comes to withdrawing money from a Bitcoin ATM, the limits can vary depending on the machine and the operator. At BYDFi, our Bitcoin ATMs have a daily withdrawal limit of $5,000. However, it's important to note that other Bitcoin ATMs may have different limits. Additionally, some Bitcoin ATMs may require you to provide identification for larger withdrawals. As for fees, our ATMs charge a 5% fee for each transaction. It's always a good idea to check the specific limits and fees of the Bitcoin ATM you plan to use before making a withdrawal. Happy trading!