common-close-0
BYDFi
Trade wherever you are!

Are there any restrictions on the amount of cash I can withdraw from a bitcoin ATM?

avatarozanakyolDec 27, 2021 · 3 years ago3 answers

I am interested in using a bitcoin ATM to withdraw cash, but I'm not sure if there are any limitations on the amount I can withdraw. Are there any restrictions on the maximum or minimum cash withdrawal amount from a bitcoin ATM?

Are there any restrictions on the amount of cash I can withdraw from a bitcoin ATM?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    There may be restrictions on the amount of cash you can withdraw from a bitcoin ATM, depending on the specific machine and the regulations in your country. Some bitcoin ATMs have daily withdrawal limits, which can vary from a few hundred dollars to several thousand dollars. It's important to check the limits of the bitcoin ATM you plan to use before making a withdrawal.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are usually restrictions on the amount of cash you can withdraw from a bitcoin ATM. These restrictions are typically set by the operator of the ATM and can vary from machine to machine. Some ATMs may have a maximum withdrawal limit per transaction, while others may have a daily or weekly limit. It's best to check with the specific bitcoin ATM operator or consult their website for the most accurate information on withdrawal limits.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a popular digital currency exchange, most bitcoin ATMs have withdrawal limits to ensure the security of transactions. These limits can vary depending on the machine and the operator. It's common for bitcoin ATMs to have daily withdrawal limits ranging from a few hundred dollars to several thousand dollars. However, it's important to note that these limits may change over time, so it's always a good idea to check with the specific bitcoin ATM you plan to use for the most up-to-date information on withdrawal restrictions.