LibertyX launches Bitcoin-to-cash sales at ATMs in United States

LibertyX launches Bitcoin-to-cash sales at ATMs in United States

LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.

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LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs.

According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature at 5,000 regular ATMs across the United States. As such, consumers can now sell Bitcoin for cash at any of the participating ATMs.

LibertyX CEO and co-founder Chris Yim said that previously, the firm’s software only supported Bitcoin purchases with debit cards. The latest addition allows holders to receive cash for selling their Bitcoin.

Yim noted that Bitcoin has reached new yearly highs. “With the run-up in the price of Bitcoin, consumers are looking for a way to sell Bitcoin without dealing with wire or bank transfer delays,” Yim said.

The Bitcoin sale feature is supported by a limited number of ATMs in the U.S. compared to Bitcoin purchases. Yim said:

“While it’s never been easier to buy Bitcoin, selling is another story. There are almost 15,000 bitcoin ATMs across the U.S., but fewer than 2,000 allow consumers to sell bitcoin for cash. Our ‘cash-out’ product deployed across 5,000 ATMs triples the number of Bitcoin ATMs where consumers can sell Bitcoin, furthering our mission of putting Bitcoin on every block.”

Bitcoin sales at ATMs come with their own fees. According to data from LibertyX’s helpdesk, the consumer fee at Bitcoin ATMs by LibertyX is 8%. Yim said that LibertyX’s BTC price is based on an index of exchanges, tracking closely to Coinbase’s consumer prices. 

LibertyX came under the media spotlight in October 2020 shortly after reports claimed that the Tesla Fremont Gigafactory in Nevada had an operational Bitcoin ATM. LibertyX representatives told Cointelegraph that the company enabled BTC sales and purchases at three employee-accessible ATMs at Tesla in August 2020.


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LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.

LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid

LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid

Retailers including CVS Pharmacy, Rite Aid, and 7-Eleven now allow LibertyX mobile app users to purchase up to $500 in Bitcoin with cash.

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LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States. 

In a June 22 announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would be able to buy Bitcoin (BTC) with cash. 

Users need to have the LibertyX mobile app installed, select which retailer location they will visit in advance, and scan their barcodes at the time of purchase. According to LibertyX, crypto holders can buy between $20-$500—up to 0.052 BTC as of this writing—with transactions processed in minutes for a small fee. 

In a press release shared with Cointelegraph, LibertyX Co-founder and CEO Chris Yim said the company expanded crypto purchasing services so customers could buy BTC at familiar locations: 

„Now, everyone is only a few miles away from owning bitcoin and becoming part of its global community. Buying bitcoin is as easy as scanning a barcode while shopping for groceries.“

Early reactions from crypto community

Crypto traders have already started to take advantage of the new offering. Reddit user notyourcoins reportedly received $99.58 for a $104.95 BTC purchase from 7-Eleven on June 22—$100 for the crypto, and $4.95 for the retailer fee. 

Another user, Oracle_of_Knowledge, did the math on the transaction:

“0.01040236 BTC for $100. So $9613.20 per BTC was the price you paid. June 22nd at 9:38 AM Western Time, so for comparison the price on Coinbase Pro exchange at that time was between $9551 and $9570. So that’s not even that bad of a spread, you only paid like ~0.5% above „spot“ exchange price. Plus the flat $5 ATM fee. Surprisingly not bad.”


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Retailers including CVS Pharmacy, Rite Aid, and 7-Eleven now allow LibertyX mobile app users to purchase up to $500 in Bitcoin with cash.

Bitcoin ATM Firm LibertyX Expands Locations via New Partnership

Bitcoin ATM Firm LibertyX Expands Locations via New Partnership

LibertyX, the firm that launched America’s first Bitcoin ATM, will add 90 new machines by teaming up with DesertATM

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LibertyX, the firm that launched America’s first Bitcoin (BTC) automated teller machine (ATM), will add 90 new machines to its network.

In order to expand the network, Boston-based LibertyX has partnered with independent ATM operator DesertATM, according to a report by global ATM market publication ATMmarketplace on July 18.

As a part of the partnership, DesertATM will upload LibertyX on 90 of its Genmega ATMs to enable Bitcoin operations. New Bitcoin ATM locations will include gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores, the press release notes.

In October 2018, LibertyX teamed up with Genmega, an ATM supplier serving the Independent ATM Deployment market, to allow users to use their debit cards to purchase Bitcoin at any BTC-enabled Genmega machine.

LibertyX CEO Chris Yim stated that the company has been making partnerships with ATM operators that already have locations to offer LibertyX services on their machines. According to Yim, the firm’s network now spans across 43 states and allows users to buy Bitcoin from a cashier or ATM using their debit card or a kiosk, with a limit of $3,000 of Bitcoin at a time.

As previously reported, LibertyX obtained a BitLicense issued by the New York State Department of Financial Services in January 2019 alongside stock and crypto trading app Robinhood .

Recently, Canadian exchange Coinsquare announced that they acquired software allowing traditional ATMs to sell cryptocurrencies such as Bitcoin. The news came amid a report of a potential ban on Bitcoin ATMs in Vancouver over money laundering concerns. 


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LibertyX, the firm that launched America’s first Bitcoin ATM, will add 90 new machines by teaming up with DesertATM