As the world’s first and most well-known cryptocurrency, Bitcoin has had a long and complicated history. Once revered as a digital gold standard among the tech-savvy and libertarian early adopters, Bitcoin has since become a household name.
Today, it is not only accepted by a majority of online retailers but also ATM machines in select locations around the globe.
While Bitcoin ATMs may seem like a relatively new phenomenon, they have actually been around since 2013. The first Bitcoin ATM was installed in Vancouver, Canada and allowed users to exchange their Canadian dollars for Bitcoin.
Today, there are over 4,000 Bitcoin ATMs in operation across 76 countries.
While the number of Bitcoin ATMs continues to grow, there are still some limitations in terms of where they can be found and how much you can buy. In this article, we will discuss the daily limit for Bitcoin ATM as well as some tips on how to find a machine near you.
The daily limit for a Bitcoin ATM generally depends on two factors: the regulations in your country and the limits set by the individual ATM operator. In the United States, for example, the maximum amount you can buy from a single machine is $3,000 worth of Bitcoin per day.
However, some machines may have lower limits depending on their location or state regulations.
If you’re looking to buy larger amounts of Bitcoin, you may need to visit multiple machines or use an exchange service that allows you to make multiple purchases over time. There are also some peer-to-peer marketplaces that allow for larger trades, but these come with additional risks such as scams or price volatility.
No matter how much Bitcoin you’re looking to buy, it’s important to do your research ahead of time and make sure you understand the risks involved. Cryptocurrencies are still a relatively new asset class and their prices can be volatile.
If you’re not careful, you could end up losing money instead of making a profit.
When used properly, however, Bitcoin ATMs can be a convenient way to get your hands on some cryptocurrency. Just be sure to check the limits beforehand so you know how much you can buy and always remain vigilant for scams or price fluctuations.