Best Bitcoin ATM Locations in California | CoinTime (2024)

FAQs

Where is the best location for Bitcoin ATM? ›

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.

Coinme currently powers 1647 Bitcoin ATMs in California, USA.

The fees can range anywhere from 5% to 15 % or even higher in some cases. To calculate the fee for a $1000 transaction, let's assume a fee of 10%. In this case, the fee would be $1000 * 10% = $100. Therefore, if the Bitcoin ATM has a 10% fee, you would receive $900 worth of Bitcoin for a $1000 cash transaction.

"Bitcoin ATMs can be a profitable business for operators, as they often charge a percentage fee on transactions. As more people use bitcoin ATMs, the potential for profits increases, which can encourage more investment in the market."

LibertyX generally has the lowest bitcoin fees nationwide. In most cities, the fee is 8%. LibertyX believes in transparency and does not inflate the FX rate like some other companies.

$25,000 Daily Purchase Limits

Coinhub's purchase limits are the highest in the Bitcoin ATM industry.

The most common ranges seem to be $100-$900 and $1,000-$3,000. KYC verification will typically be required in the $1,000-$3,000 range. You can also purchase up to $20,000 with enhanced due diligence with certain Bitcoin ATMs.

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 city has the most Bitcoin ATMs? ›

Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users. Headquartered in San Francisco, California, the platform offers both an all-in-one exchange and a wallet, making it one of the easiest starting points with Bitcoin.

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.

‍A: Bitcoin ATM fees are charges applied by ATM operators for converting your cash into Bitcoin. These fees vary due to factors like operational costs, geographical location, and the specific operator. They typically range from 10% to 23%.

Various sources have put the estimated monthly revenue of a BTM as between $1,000 and $10,000, depending on use and transaction volume (ChainBytes Bitcoin ATM 2021; Wanna, Irrera, and Butt 2022). This gives a midpoint monthly revenue per BTM of $5,000.

Pelicoin's cryptocurrency ATMs are the simplest and easiest way to purchase Bitcoin and other digital currencies. Because our ATMs are modeled off of traditional cash ATMs, most users are already familiar with the standard interface.

$25,000 Daily Purchase Limits

Coinhub's purchase limits are the highest in the Bitcoin ATM industry. We place our customer's needs first.