LibertyX, one of the fastest growing networks of Bitcoin ATMs, kiosks, and cashiers, has announced that people can now sell Bitcoin for cash at thousands of ATMs nationwide. Over the last 6 years, LibertyX has given people the ability to purchase bitcoin instantly at ATMs. As demand and price increase in Bitcoin, LibertyX is making their network more efficient, giving people the ability to buy and sell in a few clicks.
Bitcoin ATM Selling Abilities
According to a recent announcement by LibertyX, the Bitcoin ATM provider will now give people the ability to sell Bitcoin for cash at thousands of ATMs nationwide. Despite Bitcoin ATM’s offering a seamless way to purchase Bitcoin, LibertyX argues that the process of selling can be an obstacle. LibertyX Co-Founder and CEO, Chris Yim states that:
“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. Consumers feel more comfortable buying bitcoin when they know they can easily and quickly sell it back for cash.”
Back in August of this year, LibertyX announced that they were seeing significant growth in New York. After becoming the first ATM entity to receive a Bitlicense, the company recently installed its 700th Bitcoin enabled traditional ATM in New York State. Aside from New York, LibertyX operates in 45 different states across the U.S with 25,000+ locations.
It is important to note that LibertyX facilitates partnerships with independent ATM operators that oversee 100,000+ ATMs in the United States. These operators leverage LibertyX for a software update that gives the ATM’s the ability to support buying and selling of Bitcoin.
Kurt Karjalainen, a owner of Premier Merchants Group, a leading ATM operator stated that:
“LibertyX has been great for my ATM business. Our company is always looking for ways to earn extra revenue for ourselves and our ATM partners, and LibertyX has provided a great opportunity to do this. Instead of spending tens of thousands of dollars to buy, install, and operate cash-to-bitcoin kiosks, we can simply add bitcoin buying and selling on our existing ATMs with a software update. In minutes, my 10-year-old ATM is offering the latest and greatest with bitcoin.”
Selling Bitcoin For Cash Steps
LibertyX recently created a video showing people how they can easily sell bitcoin for cash at a local ATM. These steps include:
- Selecting “Sell Bitcoin” from the LibertyX app or website
- Enter your withdrawal details and then find a pick up location near you
- Receive confirmation ( order # )
- Visit the chosen pickup location to enter your order number
- The ATM will then give you the ability to collect cash for your BTC
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice.