How does the daily limit for Bitcoin withdrawals at the ATM work?

3 answers

• May 24, 2022 · 3 years ago
  Sure! The daily limit for Bitcoin withdrawals at the ATM is set by the operator of the ATM. It varies from one ATM to another and can range from a few hundred dollars to several thousand dollars. The purpose of this limit is to prevent large-scale theft or fraud. It's important to note that the limit applies to each individual user, so if you have multiple Bitcoin wallets, you can withdraw the daily limit from each wallet separately.
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• May 24, 2022 · 3 years ago
  The daily limit for Bitcoin withdrawals at the ATM is usually determined by the ATM operator and can be influenced by various factors, such as the location of the ATM, the level of verification required for the user, and the overall security measures in place. Some ATMs may require users to provide identification or go through a verification process to increase their daily limit. It's always a good idea to check the specific limits and requirements of the ATM you plan to use.
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• May 24, 2022 · 3 years ago
  According to BYDFi, a popular digital currency exchange, the daily limit for Bitcoin withdrawals at the ATM is typically set by the ATM operator. The limit can vary depending on the specific ATM and its location. It's important to note that the daily limit is in place to protect users and prevent unauthorized access to funds. If you need to withdraw more than the daily limit, you may consider using other withdrawal methods, such as online exchanges or peer-to-peer trading platforms.
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