What are the limits for buying or selling bitcoin at a bitcoin machine?

3 answers

• Jeff HatchJan 18, 2024 · 2 years ago
  The limits for buying or selling bitcoin at a bitcoin machine can vary depending on the specific machine and the regulations in place. Generally, these machines have both minimum and maximum limits for transactions. The minimum amount that can be bought or sold is usually around $10 to $20 worth of bitcoin. On the other hand, the maximum limit can range from a few thousand dollars to tens of thousands of dollars. It's important to note that some machines may require users to provide identification and go through a verification process for transactions above a certain limit. Additionally, there may be daily or monthly limits imposed by the machine operator or the regulatory authorities. It's always a good idea to check the specific machine's limits and requirements before making a transaction.
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• Tomonori ShimomuraMay 18, 2023 · 2 years ago
  When it comes to buying or selling bitcoin at a bitcoin machine, the limits can vary depending on the machine's settings and the regulations in your country. Typically, there are minimum and maximum limits in place to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. The minimum amount you can buy or sell is usually around $10 to $20 worth of bitcoin. On the other hand, the maximum limit can range from a few thousand dollars to tens of thousands of dollars. Some machines may require you to provide identification and go through a verification process for transactions above a certain limit. It's important to note that these limits are in place to prevent illegal activities and ensure the safety and security of the bitcoin ecosystem.
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• Sampath KolanukondaDec 28, 2023 · 2 years ago
  At BYDFi, a leading digital currency exchange, the limits for buying or selling bitcoin at a bitcoin machine are designed to provide flexibility and convenience for users. The minimum amount that can be bought or sold is $10 worth of bitcoin, while the maximum limit is set at $10,000 per transaction. These limits are in place to ensure compliance with regulatory requirements and to prevent money laundering and other illicit activities. It's important to note that these limits may vary depending on the specific machine and the regulations in your country. If you have any specific questions or need further assistance, please feel free to reach out to our customer support team.
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