Bitcoin ATMs have become a popular way for people to buy and sell cryptocurrency. They offer a convenient and easy-to-use method for those who don’t want to use online exchanges or meet with strangers in person. However, many people are left wondering what time bitcoin ATMs close. In this article, we’ll explore the answer to this question and provide some additional information about bitcoin ATMs.
Bitcoin ATMs are typically open 24/7
One of the benefits of bitcoin ATMs is that they are typically open 24/7. This means that you can buy or sell bitcoin at any time of the day or night. However, it’s worth noting that some bitcoin ATMs may have limited operating hours. For example, a bitcoin ATM located inside a convenience store may only be available during the store’s opening hours.
Before you visit a bitcoin ATM, it’s a good idea to check the operating hours online or by calling the operator. This will ensure that you don’t make a wasted trip if the machine is closed.
Many bitcoin ATMs have a daily transaction limit
Another important thing to note about bitcoin ATMs is that many of them have a daily transaction limit. This means that you can only buy or sell a certain amount of bitcoin in a single day. The transaction limit varies depending on the machine and the operator, but it’s usually around $10,000 per day.
If you’re planning to buy or sell a large amount of bitcoin, you may need to visit multiple bitcoin ATMs or use an online exchange instead.
Bitcoin ATMs charge fees for their services
When you use a bitcoin ATM, you can expect to pay a fee for the service. The fee varies depending on the machine and the operator, but it’s usually around 5-10% of the transaction amount.
It’s important to note that the fee is in addition to the current market price of bitcoin. This means that you’ll be paying more for bitcoin than the market price when you use a bitcoin ATM.
Conclusion
In conclusion, bitcoin ATMs are a convenient and easy-to-use way to buy and sell cryptocurrency. They are typically open 24/7, but some may have limited operating hours. Additionally, many bitcoin ATMs have a daily transaction limit and charge a fee for their services. If you’re planning to use a bitcoin ATM, it’s a good idea to check the operating hours and fees beforehand to avoid any surprises.