Verification Form — Coinhub Bitcoin ATM: Find A Bitcoin ATM — $25,000 Daily Limits (2024)

FAQs

What is the daily limit for Coinhub Bitcoin ATM? ›

Coinhub's Bitcoin ATMs accept cash and offer $25,000 daily limits. See all crypto ATM locations available by using the interactive map finder and typing in your city or location.

The verification process usually includes two parts: phone verification and sharing identification documents. Depending on the Bitcoin ATM operator, you may be required to complete both or any one of them.

Bitcoin ATM Limits by Operator

Minimum purchase amounts vary, but they're typically around $20. Bitcoin Depot ATMs require a $20 minimum. The limits max out somewhere between $3,000 and $15,000 per day. Bitcoin Depot is proud to support a maximum purchase amount of up to $15,000, provided certain conditions are met.

Contact the vendor directly to increase your level of KYC to withdraw a more significant amount. 2. Finding a nearby Bitcoin ATM operator that offers the maximum available limits.

Coinhub is a registered Money Services Business and must comply with the BSA and USA Patriot Act. The Law requires that we “know our customer” and are required to collect certain customer information at certain thresholds.

In most cases, transactions are confirmed within a few minutes. However, during periods of high network traffic, it may take longer to receive confirmation. Typically, you can expect your transaction to process quickly, but occasional delays are possible when the Bitcoin network is particularly busy.

Risks and limitations of Bitcoin ATMs

Users are required to verify their identity before transacting, especially for large amounts. Moreover, Bitcoin ATMs may have higher transaction fees compared to other transaction methods. The fees vary depending on the specific machine and its operator.

Security. For address whitelisting, 2FA will be required if you're using an Untrusted Device. To make cryptocurrency withdrawals, you can use your passkey if it is set up. If you haven't set up a passkey, you will be required to verify withdrawals with 2FA and an SMS OTP.

This limit is hardcoded into the protocol, meaning it cannot be changed by anyone, including the developers or miners. The maximum supply of 21 million bitcoins will be reached around the year 2140, after which no new bitcoins can be mined.

How much does Bitcoin ATM charge for $1000? ›

How Much Does a Bitcoin ATM Charge for $1,000? It depends on the vendor. Byte Federal claims its ATMs might charge between 10% and 25%, while CoinFlip ATMs charge between 4.99% and 21.90% of the total transaction amount.

Coinhub's Bitcoin ATMs accept cash and offer $25,000 daily limits. See all crypto ATM locations available by using the interactive map finder and typing in your city or location.

Bitcoin ATMs can also be used to send Bitcoin to another person. Instead of entering your crypto wallet address, you enter the wallet address of the person you'd like to send the Bitcoin to, and then the Bitcoin you purchase will be deposited into their wallet.

Fees can range from 5% to 10% of the transaction amount. The amount a Bitcoin ATM can send simultaneously varies depending on the operator and jurisdiction. Generally, limits range from $3,000 to $10,000, but specific amounts may differ.

The most common ranges seem to be $100-$900 and $1,000-$3,000. KYC verification will typically be required in the $1,000-$3,000 range. You can also purchase up to $20,000 with enhanced due diligence with certain Bitcoin ATMs.

The largest value of transactions you can make at a CoinFlip ATM on any given day is $16,000. To make transactions of $16,000 per day, please call CoinFlip customer support at (877)-757-2646. The maximum limit per month regardless of customer tier is $99,999.

How much does it cost to purchase bitcoin at a Cash2Bitcoin ATM? Rates vary, and can be found on the ATM at the time of your transaction. What are the purchasing limits at a Cash2Bitcoin ATM? Minimum purchasing amount is $10.00 and the maximum is $15,000.00 per day.