Cryptocurrency Q&A
Can I buy Bitcoin with cash at an ATM?
Can I buy Bitcoin with cash at an ATM?
ShintoMystic
Sun Jul 07 2024
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7 answers
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Good afternoon, I'm curious about the possibility of purchasing Bitcoin using cash at an ATM. Could you please elaborate on the process? Are there any specific ATMs that support this function, or is it a more widespread option? I'm aware of the digital nature of Bitcoin, but I'm wondering if there's a convenient way to exchange cash for this digital currency through a physical machine. Additionally, are there any fees associated with this transaction, and how secure is the process? Your insights would be greatly appreciated.
7 answers
Pietro
Tue Jul 09 2024
At present, the use of coins for this transaction is not supported.
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Sara
Tue Jul 09 2024
The current daily limitation for bitcoin purchases through such ATMs stands at $2,500.
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CryptoVisionary
Tue Jul 09 2024
Upon depositing the required cash into a Coinme-powered ATM, a receipt will be issued, serving as proof of the cash deposit.
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Sara
Tue Jul 09 2024
This receipt acts as a vital document for tracking and verifying the transaction.
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Martino
Tue Jul 09 2024
When engaging in the purchase of bitcoin via an ATM using cash, it is crucial to be aware that only paper currency is accepted.
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