Just because you’re familiar with Bitcoin doesn’t mean you’re familiar with Bitcoin ATMs. So if you want to know how to use these kiosks, then this series of articles is for you. Before You Go to the Bitcoin ATM If you’re new to Bitcoin ATMs, they require a little prep. Here’s what you need to […]
Converting Cash Into Crypto and the Rise of Bitcoin ATMs
You have choices when it comes to buying and selling cryptocurrency. Online cryptocurrency exchanges are popular, where you can use a credit card, debit card or bank transfer. Another option is peer-to-peer (P2P) exchange networks, which involves a more labor-intensive process with lists of Bitcoin buyers and sellers–think of it as Craigslist for Bitcoin. However, […]
Sending Bitcoin – Scam Alert
Coinsource will never reach out to you and ask you to send Bitcoin. If you have been contacted by someone claiming to be with Coinsource please reach out to our Support Team immediately. Do not send Bitcoin to unknown 3rd parties. Bitcoin transactions cannot be reversed, stopped, or rerouted. If you have any questions or […]
Coinsource Adds Dai Stablecoin to Bitcoin ATMs
On June 26, 2019, Coinsource announced that it will be adding Dai stablecoin to its machines this summer, in preparation for the launch of a full remittance service. MakerDAO issues Dai, a collateral-backed cryptocurrency that has a one-to-one soft peg to the U.S. dollar. Coinsource operates more than 230 Bitcoin ATM machines in 29 states […]
Coinsource Rolls Out 2-Way Bitcoin ATMs
Coinsource, the world’s largest operator of Bitcoin ATMs, is rolling out new kiosks where customers can SELL Bitcoin as well as BUY. Currently these kiosks are showing up in Nevada, New York, Pennsylvania, New Hampshire, California, Tennessee, Texas, Florida, and Washington D.C. and plans are to convert their entire network to these 2-way service kiosks. […]
Get In On the Bitcoin ATM Revenue Stream [3-Step Bitcoin ATM Business Guide]
Since the first Bitcoin ATM was brought online in 2014, the number of crypto ATM installations worldwide has grown to well over 13,000 and is climbing rapidly, following the growth in demand for Bitcoin ATMs. Almost all of these machines handle Bitcoin, but more and more of them are also dealing in other cryptocurrencies. It’s […]
Enroll Before You Go!
Here’s a timesaving tip for first-time Coinsource Bitcoin ATM customers. In order to buy or sell Bitcoin using one of our kiosks, you’ll need to enroll with us and create an account. It’s super easy and fast, and we give you the ability to create your account on your smartphone from anywhere. You don’t have […]
Bitcoin ATMs Growing Exponentially
Five years ago no one knew what a bitcoin ATM kiosk was, or how it would work. Today there are over 4,100 crypto ATMs in 75 countries around the globe and that number is expanding quickly. Nearly all of the machines support bitcoin (BTC), and more are beginning to support bitcoin cash (BCH) and other […]
What’s Next for Coinsource?
The financial industry, the crypto-sphere, and bitcoin watchers everywhere have been buzzing about the latest news about Coinsource, the world’s largest bitcoin ATM operator. According to an interview with Coinsource general counsel, Arnold Spencer, The Block told readers, “Coinsource, the bitcoin ATM operator, made headlines last week for snagging the holy grail of bitcoin licenses, […]
Bitcoin ATMs, Regulations and Compliance
With any new industry, the opportunities come first and the regulations usually follow. The Bitcoin ATM industry is pretty new, with the first machine in the U.S. going online in February 2014 and as of this writing, there are 2,227 Bitcoin ATM kiosks in the U.S. and a total of 3,750 crypto ATM kiosks worldwide. […]
Coinsource First Ever Bitcoin ATM Operator to Receive License from NYDFS
Today Coinsource, the world’s largest Bitcoin ATM operator, became the first in its field to receive the highly-sought-after approval of the New York Department of Financial Services and was granted a Virtual Currency License. Following a three-year application, review and approval process, Coinsource joins only 11 other companies in the cryptocurrency space to receive this […]
How to Send Cash to Someone Using a Bitcoin ATM
Need to send cash to someone quickly, easily, and privately? A Bitcoin ATM may be the perfect solution. You don’t have to own Bitcoin yourself, but if you do own Bitcoin, you don’t have to spend it to send someone cash. You can instantly send cash, using your Coinsource Bitcoin ATM account. Sending Cash Using […]
How to Buy Bitcoin With Cash In 4 Steps
There are multiple ways to buy Bitcoin. However, many users are finding that the easiest and quickest way to buy Bitcoin is with cash at a Bitcoin ATM. Just follow these 4 easy steps! STEP 1 – CREATE A COINSOURCE ACCOUNT To buy bitcoin with cash, you will need to create an account with a […]
How to Sell Bitcoin Using a Coinsource Bitcoin ATM
There will be times when you’ll want to sell Bitcoin for cash, and it’s incredibly easy with your Coinsource account at a Coinsource Bitcoin ATM. STEP 1 – CREATE A COINSOURCE ACCOUNT To sell bitcoin, you will need to create an account with a regulated and secure bitcoin buying and selling service like Coinsource. To […]