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What is the daily limit for bitcoin withdrawals from a bitcoin machine?

avatarKoefoed CooperNov 24, 2021 · 3 years ago3 answers

I'm curious about the daily limit for withdrawing bitcoins from a bitcoin machine. Can you please provide more information on this? What factors determine the daily limit for bitcoin withdrawals from a bitcoin machine?

What is the daily limit for bitcoin withdrawals from a bitcoin machine?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    The daily limit for bitcoin withdrawals from a bitcoin machine can vary depending on the specific machine and its operator. Some machines may have a limit of $2,000 per day, while others may have a higher or lower limit. It's important to note that these limits are usually in place to comply with anti-money laundering regulations and to prevent fraud. If you need to withdraw a larger amount, you may need to visit multiple machines or use a different withdrawal method, such as a bitcoin exchange or a peer-to-peer trading platform.
  • avatarNov 24, 2021 · 3 years ago
    The daily limit for bitcoin withdrawals from a bitcoin machine is typically set by the machine operator. It can vary from machine to machine, but it's usually in the range of $1,000 to $10,000 per day. The limit is in place to prevent money laundering and to ensure the security of the machine. If you need to withdraw a larger amount, you may need to provide additional identification or use a different withdrawal method.
  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, the daily limit for bitcoin withdrawals from our bitcoin machines is $5,000. This limit is in place to ensure the security of our users' funds and to comply with regulatory requirements. If you need to withdraw a larger amount, you can contact our customer support team for assistance. They may be able to help you find alternative withdrawal options or provide additional information on our withdrawal limits.