Find a Bitcoin ATM Near You | Easy & Convenient Bitcoin ATMs (2024)

FAQs

Which Bitcoin ATM accepts cash? ›

Coinhub Bitcoin ATMs allow you to purchase bitcoin with cash and receive it instantly shortly after purchase at our Bitcoin ATM nearest you. Coinhub Bitcoin ATMs offer the highest limits allowing customers to purchase up to $25,000 a day!

How do I find my nearest Bitcoin machine? To locate your nearest Bitcoin machine, you're already in the right place! Simply use our Crypto ATM Machine Locator tool on this page. Just enter your current location or allow location access, and our locator will display the closest Bitcoin ATMs available for you to use.

Understanding Fees at Bitcoin ATMs: What Your $500 Can Get You. When you use a Bitcoin ATM to convert $500 into Bitcoin, the amount you receive in BTC will vary depending on the operator's fee rate: With a 10% fee, you would receive the equivalent of $450 in Bitcoin, after subtracting the fee from your $500.

Work out the escape route if you realize this place doesn't work. Once you have chosen the ideal location, you can begin the next steps of the process. High-traffic locations like malls, gas stations, and transfer hubs like airports, train, or bus stations are usually the best locations for placing Bitcoin ATMs.

The standard Bitcoin ATM limit is $10,000, although some operators allow larger transactions when certain conditions are met. While some consumers are unhappy about these limits, they are put in place to protect consumers, ensure the ATM remains operational, and maintain regulatory compliance.

One of the disadvantages of using an ATM to buy Bitcoin is the high fees. Customers using a Bitcoin ATM will incur a service fee typically ranging between 7% and 20% of the payment amount.

Most cryptocurrency exchanges charge between 0% and 1.5% per trade, depending on whether you're a maker (buyer) or taker (seller). That means that if you've dedicated $1,000 to invest in crypto, the fee you'll pay for that transaction, on average, could be anywhere from $0 to $15.

So there are limits as to how much cash you can take from Bitcoin ATMs. This is to prevent money laundering. The exact amount of cash you can take out of a BTM is usually between $5,000 - $10,000. You might have to make two withdrawals to achieve this maximum limit.

Most Bitcoin ATMs require users to submit a government-issued ID card, such as a passport or driver's license to prove their identity. Many also implement other verification methods, such as two-factor authentication or face scanning.

What is the best wallet for Bitcoin ATM? ›

Bitcoin ATMs are owned and operated by third-party companies — the two largest networks are Coinhub and Coinme. To use a Bitcoin ATM, customers can simply insert cash or a debit card to exchange their traditional currency for Bitcoin currency.

To use a Bitcoin ATM, customers can simply insert cash or a debit card to exchange their traditional currency for Bitcoin currency. While Bitcoin ATMs are generally accessible to everyone, they may require that the customer have an existing account with the Bitcoin ATM operator.

Bitcoin ATMs are a way to get immediate access to cash using your bitcoins. Bitcoin ATMs do not operate like traditional ATMs. In order to make a cash withdrawal and sell your Bitcoin from the ATM, the machine provides a QR code to which you send your Bitcoin. You simply wait a couple of minutes and receive your cash.