Bitcoin ATM Chicago – Coinhub

How does cash Bitcoin ATM work? A Bitcoin ATM allows customers to buy bitcoin and other cryptocurrencies with cash instantly. The Bitcoin kiosks are connected to the bitcoin network and allow customers to purchase crypto tokens with deposited cash right at the crypto machine in minutes. Do Bitcoin ATMs give cash? Some Bitcoin ATMs do allow you to sell Bitcoin for cash. While these machines are more rare to come across, some do allow you to withdraw cash from the Bitcoin machine. Do you need ID for a Bitcoin ATM? No. Bitcoin ATMs don’t require additional identification besides a phone number for purchases up to $2000. If you are looking to purchase a greater amount, additional verification such as ID will be required at the Bitcoin machine. How do I deposit money into a Bitcoin ATM? Here's the general process at most Bitcoin ATMs: Verify your identity by inputting your phone number or other identification. Provide your bitcoin address for deposit. Insert your fiat money into the Bitcoin ATM one bill at a time. Confirm the amount and complete your transaction. How much money can you withdraw from Bitcoin ATM? Of the many types of Bitcoin ATMs, the most common only permit you buy Bitcoin, although some do also allow you to sell. Bitcoin ATMs usually have a withdrawal limit between $1,000 and $10,000, however some may even withdraw $25,000 with the proper verification. Does Bitcoin ATM accept debit cards? No, the Bitcoin ATM only accepts cash. However, you can use your debit card to get cash at a normal ATM, and then use the cash to buy bitcoin at an ATM. Make sure to only bring cash to the Bitcoin ATM machine to make a purchase. Insert cash one bill at a time into the machine and click Buy. Are Bitcoin ATMs safe? Yes, Bitcoin ATMs are a secure way to purchase Bitcoin with cash instantly. Bitcoin is sent to the Bitcoin wallet you scan at the machine for the purchase. How do I find a Bitcoin ATM near me? To find a Bitcoin ATM near me, you can use the Bitcoin ATM Locations Map which shows Bitcoin machine locations. You can input your location to find the nearest Bitcoin ATM and get directions to this machine. What is the daily limit of the Bitcoin ATM? The daily purchase limit of this Bitcoin ATM is $25,000 for verified customers. For questions regarding purchasing Bitcoin with cash, you may call 702-900-2037 for the customer support phone number of this Coinhub Bitcoin ATM.