Buying Bitcoin at a Bitcoin ATM is an easy way to turn your cash into your favorite cryptocurrency. However, one thing to keep in mind when buying crypto at a Bitcoin ATM is your daily limit. Bitcoin ATMs commonly have a daily limit in place for a number of reasons. In this article, we’ll explore what Bitcoin ATM daily limits are and what you should know the next time you buy crypto at a Bitcoin ATM.
What Are Bitcoin ATM Daily Limits?
Daily limits at Bitcoin ATMs are caps on the amount of cryptocurrency you can buy (or sell) at a Bitcoin ATM in a 24-hour period. These limits exist for two main reasons: to protect the user and practicality. Many traditional ATMs have withdrawal limits set for the same reason.
If you’re trying to make a large cryptocurrency purchase, encountering a daily limit might seem like an annoyance. However, we are doing this for our customers’ safety—the last we want to see is a customer harmed or scammed.
Bitcoin ATM limits vary by provider, but in this article, we’ll cover RockItCoin’s daily limits.
Typical Bitcoin ATM Limits by Provider
RockItCoin prides itself on its efforts to protect its customers and provide a smooth crypto buying experience.
That being said, we have our own daily limits at our Bitcoin ATMs. Limits also vary by jurisdiction, so look at the information below to determine your daily limit at your local RockItCoin Bitcoin ATM.
United States
In all states except the ones listed below, there is a minimum purchase limit of $10 and a maximum daily limit of $25,000.
Exceptions
California
Maximum daily limit of $1,000.
Connecticut
Maximum daily limit of $2,000 for new customers and $5,000 for existing customers.
Minnesota
Daily limit of $2,000 for new customers and $25,000 for existing customers.
Australia
In Australia, you can purchase up to $15,000 AUD per day with a verified ID.
Factors That Affect Bitcoin ATM Daily Limits
There are a few factors that affect your daily limit at a RockItCoin Bitcoin ATM.
Identity Verification
RockItCoin complies with all KYC (know your customer) laws required by state and federal regulations. With this in mind, we have different tiers that affect your transaction size based on your location and the type of identification information provided. You can view the different tiers below:
United States
$0-2,999: ID scan verification, SMS verification, and E-mail
$3,000-$25,000: ID scan verification, Date of Birth, SSN, and photo of ID
Exceptions
California
$0-$1,000: ID scan verification, SMS verification, and E-mail
Connecticut
For new customers:
$0 – $2,500: ID scan verification, SMS verification, and E-mail
For existing customers:
$0 – $2,999: ID scan verification, SMS verification, PIN, and E-mail
$3,000 – $5,000: ID scan verification, Date of Birth, SSN, and photo of ID
Minnesota
For new customers:
$0 – $2,999: ID scan verification, SMS verification, PIN, and E-mail
For existing customers:
$3,000 – $25,000: ID scan verification, Date of Birth, SSN, and photo of ID
Buying Limits vs Selling Limits
We’ve covered the daily limits for buying crypto at a RockItcoin Bitcoin ATM, but what about selling? Well, it’s a little different. The amount you can sell per day at a RockItCoin ATM is typically limited by the amount of cash available to dispense at the machine. If you are looking to make a large withdrawal, please contact RockItCoin customer support.
How to Increase Your Bitcoin ATM Limit
If you’re looking to make a large crypto purchase at our Bitcoin ATMs, you’ll need to complete the necessary identification steps to reach the highest tier. If you have any questions about your daily limit, please give us a call or send us an email.
Tip: If anyone instructs you to make a large cryptocurrency purchase at a Bitcoin ATM, do not continue with the transaction. Call RockItCoin customer support immediately and we can help you avoid a potential scam. Learn more about Bitcoin scams here.
RockItCoin Bitcoin ATM Limits & Benefits
RockItCoin’s Bitcoin ATMs have daily limits that provide you with the flexibility to make small or large cryptocurrency purchases. They’re perfect fit whether you’re just starting with Bitcoin or you’re a seasoned crypto investor going all-in on Ethereum.
We have over 2,500 Bitcoin ATM locations throughout the United States and Australia, so there’s likely a Bitcoin ATM near you. Use our locator map to find the nearest ATM.
If you want to buy crypto another way, consider buying crypto online with a debit card or PayPal on our Buy with Card page. It’s a quick and easy way to get crypto delivered to your wallet—plus, it has flexible daily limits for most sizes of crypto purchases.
RockItCoin Go is another great alternative. If you’re looking to buy up to $1,500 of Bitcoin in a day, you can do it using our network of over 16,000 participating retail locations.
Start With RockItCoin
Whether you’re looking to dip your toes into crypto for the first time with a small purchase or make a sizeable one-time investment, RockItCoin Bitcoin ATMs are a safe, trusted option. Find a Bitcoin ATM near you to start buying crypto today!
