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If you’re thinking about purchasing Bitcoin with cash, understanding Bitcoin ATM limits is crucial.
These are limits set by the Bitcoin ATM operator that cap how much you can withdraw/buy at a time. As you can imagine, these limits are an important part of regulatory compliance as well as customer safety. While they can put a cap on how much you can buy at once, they keep customers like you safe.
Let’s explore Bitcoin ATM limits and discover how these limits may impact your Bitcoin buying journey.
So, why do Bitcoin ATMs have limits?
Bitcoin ATM operators set limits on how much users can purchase at a time and in a day. These limits will vary depending on the Bitcoin ATM’s location and each specific operator's policies.
Think of these limits in much the same way you would traditional bank ATM limits.
Traditional banks set limits for security and practicality. In most cases, this is for your safety. While it might seem annoying that you can’t withdraw $10,000 in cash at once, the last thing you’d want is to be a target for criminal activity.
In fact, the rate of ATM crime in the U.S. increased by 600%* (as mentioned on pinkerton.com) from 2019 to 2020, likely influenced by the COVID-19 pandemic.
While these numbers are going down, they show us how important these limits are for reducing risk at ATMs.
Fortunately, most Bitcoin ATMs, especially for Bitcoin Depot, are found in well-lit and high-traffic areas like convenience stores and cafes. This further helps reduce the risk of in-person crime.
Even so, Bitcoin ATM withdrawal limits exist to keep users safe.
Here at Bitcoin Depot, we strive to provide the best security and support for our customers.
That’s because we care about protecting your purchases. But that also means our security and Bitcoin ATM withdrawal limit policies affect the amount you can purchase per transaction, as well as your Bitcoin ATM limits per day.
Our Bitcoin ATMs require a $20 minimum. The limits max out somewhere between $1,000 and $15,000 per day. Bitcoin Depot is proud to support that maximum purchase amount in some areas, provided certain conditions are met.
Many people still wonder why Bitcoin ATM limits are set at all for digital transactions.
Rather than continuing to speak in general terms, let’s look at some of the specific reasons why these Bitcoin ATM daily limits exist.
As you might imagine, security is an essential part of what makes our Bitcoin ATMs so popular.
It’s more than just physical security, too. We understand that some bad actors may leverage digital currencies like Bitcoin in their schemes. With Bitcoin ATM limits, there is a ceiling to how much damage can be done in the event of the worst.
Additionally, by keeping up with the latest state and federal security requirements, we can work together to stop these bad actors in their tracks.
Each Bitcoin ATM operator has different security measures.
Some larger companies, like Bitcoin Depot, have digital wallets linked to consumer accounts. Moreover, compliance and security policies add another layer of protection, making sure your coins and your identity are safe.
To ensure each customer is safe and comply with industry standards, Bitcoin ATM operators must follow several key policies. These policies can be self-defined by the operators and are often informed by local, state, and federal regulations.
However, compliance isn't just about staying on the right side of the law; it's also about keeping users like you safe.
This is where Know Your Customer (KYC) and Anti-Money Laundering (AML)* (learn more at investopedia.com) regulations come into play. Before diving into what they entail, let's explore their importance:
Bitcoin Depot has implemented AML procedures at all Bitcoin ATMs. These AML procedures address the following:
Not surprisingly, no Bitcoin ATM will be in operation very long if it can’t provide basic safety, trust, and convenience. Bitcoin Depot understands this and will always work to give our customers the best experience possible, including customer support and seamless transactions.
Using a Bitcoin Depot Bitcoin ATM to purchase your Bitcoin is one of the fastest, safest, and most convenient ways to put crypto in your wallet. The Bitcoin ATM limits we implement are for your safety and also help us comply with the law all while providing great customer service.
With over 8,400 Bitcoin Depot locations (as of January 2025), you’re never too far away from a safe and seamless cash purchase of Bitcoin.
To get started, find your nearest Bitcoin ATM.
*The information provided above is for informational purposes only. The inclusion of any particular 3rd party site does not imply an endorsement, sponsorship, or partnership between Bitcoin Depot and the 3rd parties listed above. While Bitcoin Depot endeavors to ensure the accuracy and relevance of the information provided, we do not guarantee the reliability of any 3rd party’s information.
Note: This blog was updated on 1/20/25; original post date 8/30/23