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How Much Bitcoin Can You Buy at an ATM?

As of October 2019, there are more than 4,000 Bitcoin ATMs (BTMs) globally. BTMs allow users to purchase Bitcoin (BTC) with fiat currency, and some machines also allow customers to sell BTC for cash.

While the exact number of BTMs is unknown, Coin ATM Radar estimates that the total number of BTMs will exceed 6,000 by the end of 2019.

The vast majority of BTMs are one-way, meaning that they only allow customers to buy BTC. However, some machines do offer two-way functionality, allowing users to both buy and sell BTC.

Two-way BTMs usually have higher fees than one-way machines.

The average fee for buying BTC at a BTM is 8.4 percent, while the average fee for selling BTC at a BTM is 5.4 percent.

NOTE: WARNING: Purchasing Bitcoin from an ATM is not the same as buying Bitcoin from an exchange. The amount of Bitcoin you can buy at an ATM may be limited, and you could be charged a higher fee than when buying on an exchange. Additionally, you should familiarize yourself with applicable laws in your jurisdiction before attempting to purchase Bitcoin from an ATM.

However, fees can vary significantly from machine to machine and change over time. For example, some BTMs charge as much as 15 percent for buying BTC while others only charge 1 percent.

The amount of BTC that can be purchased at a BTM depends on a number of factors, including the machine’s daily limit, the user’s KYC/AML limits, and the exchange rate between fiat currency and BTC. The average daily limit for BTMs is $2,500 USD, but some machines have much higher limits while others have lower limits.

Some users may be able to purchase more than $2,500 worth of BTC per day if they submit additional KYC/AML documentation to the BTM operator. Exchange rates also play a role in how much BTC can be bought at a BTM; if the price of BTC is high in USD but low in EUR, for example, then a user may be able to buy more BTC with EUR than with USD.

In conclusion, the amount of Bitcoin that can be bought at an ATM depends on the machine’s daily limit, the user’s KYC/AML limits, and the exchange rate between fiat currency and Bitcoin. The average daily limit for BTMs is $2,500 USD, but some machines have higher or lower limits.

Some users may be able to purchase more than $2,500 worth of Bitcoin per day if they submit additional KYC/AML documentation to the BTM operator.

4 Related Question Answers Found

How Much Is a Bitcoin ATM Fee?

Bitcoin ATM fees can vary depending on the machine, but they are typically around 5-10%. So, if you were to buy $100 worth of Bitcoin from a Bitcoin ATM, you would expect to pay around $5-$10 in fees. Some machines may have higher or lower fees, so it’s always best to check before you buy.

How Much Does Bitcoin ATM Charge?

Bitcoin ATM’s are machines that allow you to buy Bitcoin with cash. They are similar to regular ATM’s, but they allow you to buy Bitcoin instead of fiat currency. Bitcoin ATM’s can be found in most major cities around the world, and they offer a convenient way to buy Bitcoin without having to use an exchange.

How Much Does a Bitcoin ATM Cost?

Bitcoin ATMs are becoming increasingly popular as a means of buying and selling Bitcoin. But how much do they cost? The cost of a Bitcoin ATM can vary depending on the type of machine and the location.

How Much Does a Bitcoin ATM Machine Cost?

A Bitcoin ATM machine costs anywhere between $5,000 and $10,000. The price depends on the features and functionality of the machine. For instance, a machine with a higher processing speed and storage capacity will cost more than a basic model.
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