Yes, there is a daily and monthly limit of how much Bitcoin and Litecoin you can purchase. DigitalMint has two tiers of customers with daily and monthly limits.
New or Tier 1 Customers
New or Tier 1 customers can purchase a total of $5,000 in Bitcoin and Litecoin daily (within a 24 hour period) and $20,000 in Bitcoin and Litecoin monthly (on a 30-day rolling period).
When you hit your daily or monthly limit, the DigitalMint kiosk will display a “Daily limit hit” message on the screen, or if you’re transacting at a teller, the store employee will notify you.
If you are a new or Tier 1 user and you’d like to transact more than the $20,000 monthly limit, you can contact our Customer Support Team at (855) 274-2900 to apply for Tier 2 verification. Once our team verifies your account, you can be approved for a $40,000 monthly limit, typically between 24 hours to 2 days. Additional information and documentation may be required.
Tier 2 Customers
Upon approval of higher limits by the DigitalMint compliance team, Tier 2 customers can purchase a total of $20,000 in Bitcoin and Litecoin daily (within a 24 hour period) and $40,000 in Bitcoin and Litecoin monthly (on a 30-day rolling period).
When you hit your daily or monthly limit, the DigitalMint kiosk will display a “Daily limit hit” message on the screen, or if you’re transacting at a teller, the store employee will notify you.
If you are a Tier 2 customer and you’d like to transact more than the $40,000 monthly limit, you can purchase Bitcoin and Litecoin with bank wire through our online trading desk at www.digitalmint.exchange.
| Tier | Daily Limit | Monthly Limit |
| Tier 1 (Lower Limits) | $5,000 | $20,000 |
| Tier 2 (Higher Limits) | $20,000 | $40,000 |
If you have any questions in the future, you can email [email protected] or call our support line at (855) 274-2900.
Generally speaking, what is the maximum Bitcoin or Litecoin I can buy?
There is no legal limit to how much Bitcoin or Litecoin or you can purchase. The maximum that you can buy will depend on the exchange or provider that you are purchasing from at that time.
Related Questions
What do I need to purchase Bitcoin?
How much does a Bitcoin ATM charge?
Do I need to buy a whole Bitcoin?
As an expert in the field of cryptocurrency and digital asset transactions, I can provide a thorough understanding of the concepts mentioned in the article about the daily and monthly limits for purchasing Bitcoin and Litecoin through DigitalMint. My expertise is demonstrated through a comprehensive knowledge of the processes, regulations, and terms associated with cryptocurrency transactions.
The article outlines two tiers of customers on the DigitalMint platform, each with different daily and monthly limits for buying Bitcoin and Litecoin. New or Tier 1 customers have a daily limit of $5,000 and a monthly limit of $20,000. When these limits are reached, the DigitalMint kiosk displays a "Daily limit hit" message, or if transacting with a teller, the store employee notifies the customer. To exceed the Tier 1 limits, users can contact the Customer Support Team for Tier 2 verification, granting them a $40,000 monthly limit upon approval.
Tier 2 customers, after approval by the DigitalMint compliance team, have a higher daily limit of $20,000 and a monthly limit of $40,000. Similar to Tier 1, reaching these limits triggers a notification on the kiosk or through the store employee. Tier 2 customers also have the option to purchase beyond the monthly limit by using bank wire through the online trading desk at www.digitalmint.exchange.
The article emphasizes that there is no legal limit on how much Bitcoin or Litecoin one can purchase, and the maximum amount depends on the specific exchange or provider at the time of the transaction. This information aligns with the dynamic nature of the cryptocurrency market, where transaction limits can vary between different platforms.
For further inquiries or support, users can contact DigitalMint through email at [email protected] or call the support line at (855) 274-2900.
In summary, the concepts covered in the article include tiered customer limits, the process of exceeding limits through verification, options for Tier 2 customers to transact beyond set limits, and the absence of legal restrictions on the maximum purchase amount for Bitcoin and Litecoin.
FAQs
There is no legal limit to how much Bitcoin or Litecoin or you can purchase.
What is the Bitcoin purchase limit? ›
How much bitcoin can I buy? You can buy $400,000 worth of bitcoin per purchase from your cash balance and there are no limits to how often you can buy. To make large purchases, it's best to deposit your cash via wire transfer, since wire transfers are unlimited.
How much is the limit of Bitcoin? ›
The maximum supply of 21 million bitcoins will be reached around the year 2140, after which no new bitcoins can be mined. The 21 million Bitcoin limit also has important implications for the process of Bitcoin mining.
How much Bitcoin can I buy per day? ›
What is the maximum amount of Bitcoin I can buy? There is no legal maximum to the amount of Bitcoins you can buy. If your country will allow you to buy any Bitcoin, you can buy as many as you want.
How much is the limit I can buy on Bitcoin ATM? ›
Coinhub Bitcoin ATMs offer the highest limits allowing customers to purchase up to $25,000 a day! Just go right to the ATM. Purchase with only your phone number for up to $2,000 instantly at the ATM. For larger amounts up to $25,000, follow the steps on the machine for ID verification.
Can I send $10,000 through Bitcoin ATM in USA? ›
Most ATM withdrawal limits fall between $300 and $5,000 per calendar day or 24-hour period. Even though you are inserting cash into Bitcoin ATMs, there are still limits involved. The standard Bitcoin ATM limit is $10,000, although some operators allow larger transactions when certain conditions are met.
Does Bitcoin have a transaction limit? ›
No. There is no limit to how much bitcoin you can transfer in a day on a decentralized wallet. However, centralized exchanges have certain limits based on certain membership level or transaction counts and transaction volume.
How many bitcoins can one person own? ›
Additionally, certain cryptocurrencies may have built-in supply limits, like Bitcoin's 21 million coin cap, but that's not a limit on individual ownership.
What is the Bitcoin cash limit? ›
Bitcoin Cash Price
BCH and the max. Supply is 21 million BCH.
How much Bitcoin can you buy for $10,000? ›
Convert US Dollar to Bitcoin
| USD | BTC |
|---|
| 500 USD | 0.008632 BTC |
| 1,000 USD | 0.01726 BTC |
| 10,000 USD | 0.1726 BTC |
| 100,000 USD | 1.73 BTC |
11 more rowsTrading Platforms. The two main options you have for buying large amounts of Bitcoin are OTC brokers (OTC = over-the-counter) or traditional Bitcoin trading platforms. OTC brokers refer to companies or individuals willing to sell you Bitcoin directly, as opposed to an automated trading platform.
What is the limit of Bitcoin on Cash App? ›
For Bitcoin, Cash App imposes a withdrawal limit of $2,000 worth of bitcoin every 24 hours and $5,000 within any 7-day period. To withdraw Bitcoin, your identity must be verified Call +1(808)800–5134, and you need to have passed additional geographic and other types of compliance measures.
Who owns most of the Bitcoins? ›
So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
What is the minimum withdrawal limit for Bitcoin? ›
You need to withdraw at least 0.001 bitcoin to make a withdrawal using the Standard withdrawal speed.
How much does Bitcoin ATM charge for $1000? ›
How Much Does a Bitcoin ATM Charge for $1,000? It depends on the vendor. Byte Federal claims its ATMs might charge between 10% and 25%, while CoinFlip ATMs charge between 4.99% and 21.90% of the total transaction amount.
What is the maximum withdrawal from a Bitcoin ATM? ›
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.
What is limit orders for Bitcoin? ›
A “LIMIT” order allows you to set your own price to buy or sell. If the market reaches your limit price, your order will be executed.
Can I withdraw 1 million from Coinbase? ›
Fiat deposits via SWIFT are unlimited. Withdrawals of fiat currency are limited. Coinbase Exchange account holders have a default withdrawal limit of $10,000,000 per day.
How many transactions can Bitcoin do per day? ›
Because 1 block is validate each 10 minutes, with an 1MB (1,000,000 byte) blocks size, this implies a theoretical maximum rate of 10 transactions per second. Some transactions can be larger than 166 bytes. With “big” transaction, the limit is around 5 transactions per second (432 000 transactions per day).
