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What happens if I exceed the cash limit for a Bitcoin ATM transaction?

avatarchad madNov 28, 2021 · 3 years ago5 answers

If I exceed the cash limit for a Bitcoin ATM transaction, what are the consequences? Will the transaction be canceled or will it still go through with the excess amount?

What happens if I exceed the cash limit for a Bitcoin ATM transaction?

5 answers

  • avatarNov 28, 2021 · 3 years ago
    If you exceed the cash limit for a Bitcoin ATM transaction, the consequences may vary depending on the specific ATM and its settings. In some cases, the transaction may be canceled if the limit is exceeded, and you may need to try again with a lower amount. However, in other cases, the ATM may still process the transaction with the excess amount, but you will only receive the maximum cash limit set by the ATM. For example, if the cash limit is $1000 and you try to withdraw $1500, the ATM may still dispense $1000 and the remaining $500 will not be available to you.
  • avatarNov 28, 2021 · 3 years ago
    Oh boy, if you go over the cash limit for a Bitcoin ATM transaction, you might be in for a surprise! Some ATMs will simply cancel the transaction and you'll have to try again with a lower amount. Others, however, will still process the transaction but you'll only get the maximum cash limit amount. So, let's say you're trying to withdraw $1500 but the cash limit is $1000, you'll only get $1000 and the rest will be left hanging in the digital abyss.
  • avatarNov 28, 2021 · 3 years ago
    When you exceed the cash limit for a Bitcoin ATM transaction, the consequences can vary depending on the ATM's settings. Some ATMs may cancel the transaction altogether if the limit is exceeded, while others may still process the transaction but only dispense the maximum cash limit amount. For instance, if the cash limit is $1000 and you try to withdraw $1500, the ATM may still go ahead with the transaction but only give you $1000 in cash. The remaining $500 will not be available to you.
  • avatarNov 28, 2021 · 3 years ago
    Exceeding the cash limit for a Bitcoin ATM transaction can have different outcomes depending on the ATM you're using. Some ATMs may cancel the transaction if the limit is exceeded, while others may still process the transaction but only provide you with the maximum cash limit amount. For example, if the cash limit is $1000 and you try to withdraw $1500, the ATM may proceed with the transaction but only give you $1000 in cash. The excess $500 will not be dispensed.
  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, if you exceed the cash limit for a Bitcoin ATM transaction, the transaction will still go through, but you will only receive the maximum cash limit amount set by the ATM. The excess amount will not be dispensed. It's important to be mindful of the cash limit when using a Bitcoin ATM to avoid any inconvenience or disappointment.