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Bitcoin ATMs provide an easy way to buy and sell cryptocurrency. However, a key factor when using BTMs is understanding Bitcoin ATM transaction limits, which define how much cryptocurrency you can buy or sell within a 24-hour period.
They vary significantly based on the operator, location, and local regulations. However, BTM transaction limits range mainly from $3,000 to $10,000.
In this guide, we’ll answer the question, “what is the daily limit for Bitcoin ATM?” by exploring the factors that influence them, how they differ across providers and regions, and “How to Increase the cryptocurrency ATM limits?”
Bitcoin ATM Daily Transactions Limits Tool
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Key Takeaways
- Limits vary globally and may differ between states or countries, such as $3,000 to $10,000 in the USA, with state-specific variations.
- At CoinTime, we offer up to a $50,000 daily limit if you pre-register now, and there are no hidden fees.
- Bitcoin ATM withdrawals are taxable as capital gains when selling crypto for fiat cash.
- Choosing compliant vendors like CoinTime is essential for legal and secure transactions.
- Increasing transaction limits may require additional personal information and verification.
What is a Bitcoin ATM Limit?
Bitcoin ATM limits refer to the maximum amount of cryptocurrency that can be transacted within a 24-hour period.
It is set by operators and often influenced by local regulations.
These limits are reset daily, so you can still withdraw more from the BTM the next day.
The Bitcoin limit caps for different ATMs are set by:
i) Bitcoin ATM Operators
Bitcoin ATM operators typically set maximum limits ranging from $3,000 to $10,000, depending on the company.
At CoinTime, we offer up to a $50,000 daily limit and no hidden fees if you pre-register now.
They also devise minimum limits, often starting at $20.
These limits ensure enough cash is available in the kiosks at any time.
| Operator’s Name | Without KYC | With KYC |
|---|---|---|
| Alpha Bitcoin: | NA | – $0 – 1000 SMS verification – $1000 – 3000 ID scan verification |
| Neutral ATM: | NA | – $0 – 499 SMS verification – $500 – 999 ID scan verification – $1000 and up SSN verification |
| Coinark: | NA | – $1- 999 SMS verification – $1000 – 9999 SMS, ID scan – $10,000+ SMS, ID scan, SSN, Personal Info |
| Dallas Bitcoin ATM: | NA | – $0 – 999 SMS – $1000 – 2999 Gov ID – $3000 – 9999 SSN |
| BitcoinNW: | Need to register using govt. ID and SMS verification (up to $2999 per day) | NA |
| Gurnee Truck Stop: | NA | – $0 – 5,000 no verification – $6,000 – 100,000 SMS Verification |
| Hermes Bitcoin: | NA | $20 – 999 SMS Verification $1000 – 10000 ID Scan Verification $10000 + SSN verification |
| Athena Bitcoin: | NA | $0 – 2,000: SMS verification $2,001+: ID scan required $40,000 daily limit |
| Bunthoeun Chen: | NA | – $0 – 1000 SMS verification – $1001 – 3000 ID scan verification – $3000 – 50,000 ID scan and Social Security Number |
| CoinFlip Bitcoin ATMs: | NA | – $0 – 250 SMS, name, and phone number verification – $251 – 2,999 ID verification – $3,000 – 15,000 Photo ID and SSN verification. |
| American Crypto Bitcoin ATM: | NA | – $1 – 1,500 – phone number – $1,501 – 2,999 – phone number, driver’s license – $3,000 – 15,000 – phone number, driver’s license, photo of ID, SSN |
| Sumbits: | NA | – $0 – 980: ID Rear Scan – $981 – 2980: ID Front Scan + Selfie – $2981 – 10000 Social security number verification |
| Taylor Gang: | NA | – $0 – 1000 SMS verification – $1001 – 3000 ID scan verification |
| Maine Bitcoin: | Unregistered/anonymous limit: $200 | – Limit with phone SMS: Up to $4500 per day – Limit with ID: Up to $8500 per day |
| QuickieCoin: | NA | – $0 – 2,999 SMS verifications – $2,999 – 15,000 ID verification |
| Crypto Escrow: | $0 – 299 | – $300 – 2,999 ID Scan and SMS Verification – $3,000 – 9,999 Registered User – $10,000+ Premium Account Enrollment (free) |
| ARS Capital: | NA | – $1 – 4999 is SMS verification – $5000 – 10000 is ID scan plus SMS verification |
| World Payment Systems: | NA | – $0 – $999 SMS Verification – $1000 – $9999 SMS and ID Scan Verification – $10000 – $35000 SMS, ID Scan Verification and SSN |
| Coin Bank: | NA | – $0 – 1000 SMS verification – Up to $25,000 |
| Krakem ATM: | $0 – 499 Anonymous | – $500 – 999 Verification SMS – $1000 – 2999 Registration need it |
| Unbank: | NA | – $0 – 900 (SMS) – $901 – 25,000 ID |
| CoinGenie: | NA | – $0 – 900 SMS verification – $901 – 2999 ID scan verification – $3000 – 20000 More Information Required |
| Cash2Crypto Club: | 20-500 per transaction | NA |
| CoinNeko, LLC: | NA | – $100 – 3000 SMS verification – $1000+ ID scan verification |
| Stack: | NA | – $0 – 900 SMS verification – $901 – 25,000 ID scan verification |
| Just Digital Coin: | NA | – $1 – 900: SMS/Name Verification – $900 – 2,999: Photo ID Verification – $3,000+: SSN Verification |
| Pelicoin LLC: | NA | – $1 – 999 SMS Verification – $1000 – 2999 Barcode/Magnetic Strip – $3000 – 9000 Photo of ID |
| Metrofino Bitcoin ATM: | NA | $0 – 1000 SMS Verification $1001 – 3000 ID Verification $3001 – 16000 ID + SSN |
| Crypto Mart: | NA | – $0 – 999.00 SMS verification – $1,000 – 2,999.00 above Plus Full Name and Gov’t Issued Photo ID – $3,000 – 9,999 Above Plus SSN – $10,000 and Up Above Plus Occupation Details |
| Crypto Dispensers: | NA | – $0 – 299 : (Name, SMS Verification) – $300 – 8,000: (+ Government Issued ID, Social Security Number Verification, Phone Call to Verify Bitcoin Wallet Ownership) – $8001 – 11,000: (+ Phone Call to Verify Source of Funds) – $11,000 – 25,000: (Request for documentation proving source of funds – example bank statement, bank withdrawal slip, or receipt of a recent cash sale) |
| Blockchain BTM: | 0 – 300$ | – $301 – 3000 phone# + one-time ID scan verification – $3001 – 9000 phone# + one-time ID scan verification + Social Security Number |
| Coin Solutions: | NA | – $1 – 299 SMS verification – $300 – 9999 ID scan – $10000 SSN |
| Lowest Fee Bitcoin ATMs: | NA | – $0 – 2000 (SMS verification) – $2000+ (ID verification) – $50,000 Daily Limit |
| Crypto on the GO: | NA | – $40 – 990 SMS verification – $40 – 5990 ID Scan verification |
| America Bitcoin: | NA | – $1999 ID scan verification – $29,500 daily limits |
| Margo: | NA | – $20 – 2500 SMS verification – $2501 – 15,000 Plaid verification |
| America’s Bitcoin ATM: | NA | – $0-1000 Phone Number – $1000-3000 Scan ID ($15,000 daily limit) |
| Coinhub Bitcoin: | NA | – $0 – 2000 (SMS verification) – $2000+ (ID verification) – $50,000 Daily Limit |
| BTMmachines: | NA | – $0 – 299 – Name and SMS – $300 – 9999 – SMS, ID – $10K+- SMS, ID, SSN ($25k daily limits) |
| CoinMover: | NA | – up to $2,995 (SMS) – up to $9,000 (ID Scan) – up to $50,000 (Online Form) |
| National Bitcoin ATM: | NA | – $20 – 500 phone number – $501 – 2999 phone number + PIN + ID – $3000 – 15000 phone number + PIN + ID + SSN – $15000+ (also purchase other crypto)– email services@nationalbitcoinatm.com |
| Quad Coin: | NA | – $0 – 750 SMS verification – $751 – 2,999 ID scan verification – $3,000 – 18,000 SSN |
| Growth BTM:: | NA | – $1 – 800 SMS verification – $801 – 2,999 ID scan verification – $3000 – 15,000 ID scan verification + SSN |
| Hippo BTM: | $0 – 499 – no verification | – $499 – 999 – SMS verification – $1000 – 9999 – ID scan verification – $10,000 and over – SSN number |
| Qwik BTM: | NA | – $0 – 1000 SMS verification – $1001 – 3000 ID scan verification |
| MN Bitcoin ATM: | NA | – SMS and DL verification is required for all transactions. – $3,000 limit per day |
| Bitstop: | NA | – $0 : $1,000: Registration form + phone number – $1,001 : $2,999: ID scan – $3000 : $12,000: Enhanced ID, selfie, and SSN – $12,001 : $25,000: Enhanced ID, selfie, SSN, and source of funds info (manual approval) |
| GetCoins: | NA | – $0 : $1,000: phone number – $0 : $2,999 ID verification and phone number. – $2,999 : $50,000 with SSN, government-issued ID verification, and phone number. |
| Freedom Gateway: | NA | – $1 – 3000 Name and SMS Verification – $3001 – 10000 ID scan – $10001 – 20000 SSN verification |
A table showing Bitcoin ATM withdrawal limits per provider (With & Without KYC)
ii) State and Federal Government
In addition to the limits set by Bitcoin ATM operators, state and federal governments provide the regulations governing Bitcoin ATM limitations.
These regulations serve to prevent instances of fraud and to protect consumers.
For example, in the United States, the Financial Crimes Enforcement Network (FinCEN) is the principal Federal bureau responsible for regulating Bitcoin ATMs.
Types of Bitcoin ATM Transaction Limits
Bitcoin ATM transaction limits can vary based on several factors, but they generally fall into three main categories.
– Daily Transaction Limits:
First, daily transaction limits set the maximum amount of Bitcoin you can buy or sell within a 24-hour period.
This often ranges from $1,000 to $10,000, depending on the operator and location.
– Maximum and Minimum Transaction Limits:
Next are maximum and minimum transaction limits, which specify how much cryptocurrency can be transacted in a single transaction.
Minimum limits are usually as low as $10 or $20, while maximum limits can reach $50,000.
– Limits with and without KYC (Know Your Customer) Verification:
Finally, KYC (Know Your Customer) verification plays a crucial role in determining these limits.
ATMs with no KYC requirements typically offer lower limits, while higher transaction amounts often require users to provide identity verification through personal details like government-issued IDs, phone numbers, or even proof of income for larger transactions.
Bitcoin ATMs Transaction Limits By Operator
Bitcoin ATMs are growing, and the global crypto ATM market is expected to reach $5,451 million by 2030.
A table showing the Bitcoin ATM withdrawal limit per country
This growth has come from the increased adoption of cryptocurrencies.
Similarly, Bitcoin ATM providers have provided more Bitcoin ATMs and expanded to more areas and regions.
Bitcoin providers worldwide differ in dominance. Some providers own more Bitcoin ATMs than others.
Similarly, their limits differ due to differences in regions and regulations.
Here are the leading Bitcoin ATM operators and what their minimum and maximum limits for crypto transactions are:
A graph showing the Bitcoin ATM withdrawal limit per provider
Bitcoin ATM Withdrawal Limits – Per Jurisdiction
Bitcoin ATM withdrawal limits vary from country to country.
In some places, the limits are low enough that you don’t need to verify your identity.
These limits are usually the same across regions within a country.
However, they can change depending on the operator and the specific rules in each state.
BTM limits in the US can differ based on your location and the specific Bitcoin ATM you use.
At Bitcoin ATMs, you can typically purchase crypto between $3,000 and $10,000.
However, specific state laws could regulate these limits, which leads to variations.
Here are some examples of state-specific Bitcoin ATM Legal limits:
- California: Senate Bill 401, recently passed, imposes a maximum limit on cash purchases or sales at Bitcoin ATMs to $1,000 starting in January 2024.
- Connecticut: An amendment to an existing house bill sets a daily limit on Bitcoin ATM transactions to $2,500 per person.
- Texas: No legal limits.
- Illinois: No legal limits.
- Arizona: No legal limits.
- Wisconson: No legal limits.
Beyond the U.S., global regulations differ.
What About Other Countries?
Comprehensive information on Bitcoin withdrawal limits across all countries is generally unavailable.
However, here is the data that is available:
| Jurisdiction | Amount With KYC | Amount Without KYC | Authority |
|---|---|---|---|
| USA | $3,000 : $50,000 | $300 : $900 | FinCEN |
| CANADA | $5,000 : $10,000 | $300 : $900 | Fintrac |
| EUROPE | €3,000 : €10,000 | €150 | Depends on State |
| Australia | $3,000 : $10,000 | – | AUSTRAC |
The lack of data can be due to various factors, such as the crypto adoption rate, the regulatory environment, and the number of Bitcoin ATMs in different regions.
For instance, Bitcoin is illegal in China, so no data on Bitcoin ATM withdrawal limits is available.
Similarly, there may be few Bitcoin ATMs in countries with limited cryptocurrency adoption or regulatory infrastructure, making obtaining information on withdrawal limits challenging.
Most Bitcoin ATMs worldwide, over 31,414 are concentrated in the USA, with an additional 3,017 in Canada.
Given this distribution, most data regarding Bitcoin ATM withdrawal limits is derived from these two countries.
A chart showing the Bitcoin ATM distribution in the U.S. vs the rest of the world
In other developed countries, such as the UK, Ireland, Switzerland, Hong Kong, Russia, Norway, etc., the number of Bitcoin ATMs typically ranges from 20 to 1000.
However, in third-world countries with limited cryptocurrency adoption and regulatory infrastructure, the number of Bitcoin ATMs is minimal, if any, resulting in a lack of available data on withdrawal limits.
How to Increase the cryptocurrency ATM limits?
Regulatory compliance plays a big part in setting the Bitcoin ATM limit.
Companies like us “CoinTime” offer upper limits of up to $50,000.
However, if local laws have lower limits, you may need to provide more information to complete the transaction.
Initially, you might need to provide basic information, such as your name, and complete phone verification for lower limits, the verification is instant in those cases.
For higher transaction limits, many Bitcoin ATM operators require KYC verification.
You need to provide more personal details like government IDs, birth dates, jobs, and social security numbers.
In these cases, verification might take up to an hour.
For higher limits, like up to $10,000, you also might need to share information about your yearly income, net worth, and where your money comes from.
Bitcoin ATM operators may also verify your address before approving higher transaction limits.
In those cases confirmation might take up to 24 hours.
For large investments over $50,000, you’ll typically need to provide proof of funds and pass a background check for security reasons, such as anti-money laundering regulations.
Bitcoin ATM Withdrawals Taxation
Bitcoin ATM withdrawals are subject to taxation.
Any realized gains from the transaction are taxable when you sell your crypto at a Bitcoin ATM near you in exchange for fiat cash.
The Internal Revenue Service (IRS) treats cryptocurrency as property, so selling it constitutes a taxable event.
If you sell your cryptocurrency for a higher price than you paid, you will owe taxes on the capital gains.
Also, if you sell it for less than your initial purchase price, you may be able to deduct the loss from your total tax burden.
Even if you use your crypto to purchase goods or services instead of withdrawing cash, it still counts as a taxable event and must be reported as capital gains tax.
For example, if you bought Bitcoin for $4,000 in 2017 and sold it for $64,000 in 2021, you would owe capital gains tax on the $60,000 profit.
However, purchasing crypto directly from Bitcoin ATMs is not taxable.
Taxation only occurs when you sell or otherwise dispose of the asset, such as exchanging it for fiat currency.
Bottom line: you only need to consider taxes when you cash out your crypto.
Why Do Bitcoin ATMs Have Transaction Limits?
Bitcoin ATMs share characteristics with traditional ATMs, such as transaction limits and security measures.
So, why do these limits exist?
– Security
Limiting how much you can withdraw helps protect your crypto account from being stolen if someone gains access to it.
If someone gains access to your crypto keys (a special code), withdrawal limits prevent them from taking all your funds at once.
Bitcoin ATMs use different security measures to keep your account safe.
These include linking digital wallets to your account, sending phone verification codes, using QR codes, and scanning driver’s licenses.
– Practicality
Bitcoin ATMs have withdrawal limits to ensure they do not run out of funds, just like traditional ATMs.
Setting withdrawal limits helps keep Bitcoin ATMs working smoothly for everyone.
If limits are in place, no single customer can take all the money, so other people can still use the machine.
Preventing one customer from depleting the machine’s funds allows others to access it, promoting better customer service and accessibility.
– Compliance
Bitcoin ATM operators must comply with anti-money laundering (AML) regulations to ensure legal operation.
Operators set withdrawal limits to comply with regulations.
FinCEN (Financial Crimes Enforcement Network) mandates that Bitcoin ATM companies implement written AML programs, including internal controls, ongoing personnel training, designation of compliance officers, and regular annual reviews or audits of the AML program.
Not setting withdrawal limits could lead to breaking AML rules, which can put the safety and legality of the Bitcoin ATM operation at risk.
Final Thoughts
Using a Bitcoin ATM to transact Bitcoin offers a fast and convenient way to trade crypto.
Transaction limits ensure compliance with regulations and support customer service.
It’s important to use a vendor like CoinTime that operates within the boundaries of the law.
Note: that if you come across a Bitcoin ATM that doesn’t impose purchase limits, it’s likely not compliant with regulations, and it’s advisable to avoid using it.
Gain more common knowledge about Bitcoin ATM fees, transactions, limits, scams, and way more through our latest guide: 12 Things to Know Before Buying Bitcoin at an ATM
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Methodology and Sources
The information for the guide was gathered through detailed research.
We investigated industry reports, regulatory documents, and articles to ensure accuracy.
The sources included user reviews and websites of Bitcoin ATM providers like CoinTime, Coinflip, and Genesis Coin.
In addition, regulatory authorities such as the Financial Crimes Enforcement Network (FinCEN) in the USA and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) were considered.
FAQs
Is there a limit on Bitcoin ATMs?
Yes, Bitcoin ATMs typically have withdrawal limits set by operators and governmental regulations.
Can I send $10,000 through a Bitcoin ATM?
Yes, you typically can send $10,000 through a Bitcoin ATM.
However, you need to confirm the limits for the Bitcoin ATM you intend to use.
Most Bitcoin ATMs have a daily limit of $10,000 for buying and selling Bitcoin in cash.
If you are looking to transact more, we at CoinTime offer a daily limit of $50,000 after you pre-register.
How much BTC can I buy at a Bitcoin ATM?
The amount of Bitcoin you can buy at a Bitcoin ATM depends on the machine’s limit, which varies by operator and region.
Generally, limits range from $3,000 to $50,000 per transaction.
What is the minimum deposit at a Bitcoin ATM?
The minimum deposit at a Bitcoin ATM typically starts at $20, although this may vary depending on the operator and machine.
What is the Bitcoin ATM daily withdrawal limit in California?
In California, recent legislation has imposed a maximum limit on cash purchases or sales at Bitcoin ATMs to $1,000 starting in January 2025.
Are there any Bitcoin ATMs without withdrawal limits?
It’s uncommon to find Bitcoin ATMs without withdrawal limits.
Such limits are typically imposed for security, practicality, and compliance reasons.
Do Bitcoin ATMs accept cash?
Yes, Bitcoin ATMs usually accept cash or debit cards to purchase crypto.
Users deposit cash into the machine in exchange for Bitcoin or other supported cryptos.
Do Bitcoin ATMs take 100-dollar bills?
Many Bitcoin ATMs accept 100-dollar bills for cash deposits, but you should verify with the specific operator, as some may have limitations on bill denominations.
How much can a Bitcoin ATM send at once?
What is the Bitcoin ATM deposit limit?
What is the CoinTime ATM daily limit?
What is the Bitcoin ATM daily withdrawal limit in the USA?
In the USA, Bitcoin ATM transaction limits vary by state and operator.
Generally, limits range between $3,000 to $10,000 per transaction.
