Coinsource Becomes the Largest BTM Provider in the U.S.

The BTM network Coinsource has recently become the largest cryptocurrency automated teller operator in America. The  Dallas-based firm founded in 2015 has continuously added machines across the U.S. since its inception and has just added four new machines New York, Nevada, and Pennsylvania.

Also read: Bitcoin Price Rebounds as Bitfinex Licks Wounds

Coinsource Adds 4 New BTM’s

The National Bitcoin-ATM network Coinsource (coinsource.net) is growing fast with now 42 automated teller machines across seven states. The firm’s machines are currently deployed in New York, New Jersey, Pennsylvania, Texas, Nevada, Louisiana, California, and have plans to expand further. Coinsource believes that it is the most geographically diverse ATM network in operation in the U.S.

CEO Sheffield Clark says about the latest expansion:

We are extremely proud to be America’s number one Bitcoin ATM network, but it is our customers and the cryptocurrency phenomenon that deserve the credit. Bitcoin has proven to be one of the world’s highest performing investments. As Bitcoin becomes even easier to use and is accepted as payment in more and more venues, the list of users and use-cases has increased exponentially. From the beginning, our team wanted to solve the access problem for Bitcoin. Today, millions of consumers across the United States can find reliable, safe, instant access to a compliant Coinsource Bitcoin ATM nearby.

The machines within the Coinsource network are manufactured by the industry provider GenesisCoin. The BTM’s are open late-night and offer fees from 8% and lower for larger purchases. The four new tellers were installed in high foot traffic areas and easy access locations in Las Vegas, Staten Island, and two in Philadelphia. According to CoinATMRadar.com, the company now encompasses 11% of the American Bitcoin ATM market.

Also, the company says it is fully licensed and compliant with state and national regulatory policy and is known for being a seven day a week operation. Furthermore, the company is implementing two-way kiosks throughout the country because of positive feedback and demand for two-way BTMs.

“Given the recent trend of people buying and selling bitcoin, rather than just buying it, we are starting to systematically upgrade many of our machines into two-way kiosks,” Clark adds. “Our customers can use bitcoin to purchase discounted everyday goods online and can use the same kiosks to acquire fiat currency instantly for face-to-face transactions at nearby merchants.”

More BTM’s being launched across the U.S. should increase buying and selling across the country and further expand the Bitcoin ecosystem.

Have you tried a Coinsource machine in your local area? Let us know about your experience in the comments below.   

Images courtesy Coinsource

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