Coinsource grows US bitcoin ATM network | finder.com

Coinsource grows US bitcoin ATM network

Peter Terlato 13 April 2018 NEWS

Coinsource has launched machines in Rhode Island, New Hampshire, Massachusetts and Colorado in 2018.

Washington D.C. now boasts 20 new bitcoin ATMs thanks to Coinsource’s continued United States expansion. These and 162 other machines, located across 19 different states, make up the company’s extensive network.

The 20 new machines stationed in the nation’s capital were introduced after bitcoin users and local merchants voiced demand for additional convenience. Throughout the first quarter of 2018, Coinsource has launched 10 machines in Rhode Island, New Hampshire and Massachusetts, plus eight new machines in Denver, Colorado.

Coinsource claims to be the largest bitcoin ATM network in the world.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” Coinsource chief executive Sheffield Clark said. “All innovation over time has passed through our nation’s capital in one way or another and we are happy to be now servicing D.C. and surrounding communities so they can have easy access to buying and selling bitcoin.”

Find bitcoin ATMs and stores that accept BTC payment in the US

Cryptocurrencies are a hot item in Washington D.C. A Senate Committee on Banking, Housing and Urban Affairs met in the District of Columbia in February to discuss regulators’ roles in monitoring and policing the industry.

The Chamber of Digital Commerce hosted its third annual D.C. Blockchain Summit in March. Additionally, several local restaurants, bookshops, and record shops have been accepting bitcoin as payment since last year.

The city currently has five bitcoin ATM operators. Coinsource is now the largest in the district’s metropolitan area, with machines in Washington D.C. (15), Baltimore (5), Towson (1), Oxon Hill (1) and Takoma Park (1).

Coinsource requires a simple, one-time online registration and offers a free, decentralized digital wallet. The bitcoin ATM network allows customers to buy bitcoin and withdraw cash in exchange for the cryptocurrency.

“We are expanding the bitcoin ATM market further… offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration,” Coinsource chief marketing officer Bobby Sharp said.

Coinsource services 164 million residents in the US and currently has 182 machines located across the states of California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and D.C.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news

Picture: Shutterstock

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Go to site