What is a LibertyX Bitcoin ATM?
LibertyX launched America's first bitcoin ATM in 2014 and has been working to bring bitcoin to every block since. LibertyX is the only bitcoin operator to integrate with existing ATMs so you can purchase bitcoin with your debit card as well as chain retailers like CVS and Rite Aid so you can purchase bitcoin with cash.
For standalone kiosk locations, enter the purchase amount desired in-app and scan the QR code on the debit terminal screen. Then insert your debit card and PIN to complete the transaction. Finally, for ATM locations, select the LibertyX button on the ATM screen. Then enter your LibertyX code and purchase amount.
| Store Type | Fee |
|---|---|
| Chain Retailers (e.g. 7-Eleven, CVS, Rite Aid) | $4.95 flat retailer service fee per transaction; 0% conversion fee (for a limited time)* |
| Independent Retailers | 3% - 8% consumer fee (stores set their own fee) |
| ATMs | 8% - 9.50% consumer fee |
| Cash Kiosks | 8% - 12% consumer fee (stores set their own fee) |
LibertyX is able to accept a valid US-government issued driver's license or state identification card. Note: Some accounts may require ID verification for security and compliance reasons. Please read our Terms of Service with regards to our privacy policy.
Summary: LibertyX is best for US residents who want to buy BTC with cash. The company is KYC/AML compliant, so it is not the best option for those seeking anonymity. Currently the business model relies heavily on partner stores knowing and following LibertyX payment processes.
To find ATMs near you where you can sell bitcoin for cash search using the LibertyX store locator and select the “Sell Bitcoin” filter. Simply enter your address, ZIP code or click “Near Me” and it will use your geolocation to return the results closest to you where you can sell bitcoin for cash.
How much does a Bitcoin ATM charge per $100? If you wanted to know the fee that is charged per 100$ when you make a transaction of Bitcoin in a Bitcoin terminal, generally Bitcoin ATM fees would be roughly $8 - $20 on average, and if you are lucky you can find fees of $4.
BitTeller is the World's most affordable Bitcoin ATM. Purchase with: PayPal.
Pelicoin's cryptocurrency ATMs are the simplest and easiest way to purchase Bitcoin and other digital currencies. Because our ATMs are modeled off of traditional cash ATMs, most users are already familiar with the standard interface.
LibertyX operates the largest network of local stores where you can go and purchase bitcoin in-person. Our platform allows consumers to pay with cash or debit card to buy bitcoin from a cashier, ATM, or kiosk.
Do you need a bank account for Bitcoin ATM?
Even though some Bitcoin ATMs are traditional ATMs with updated software, customers do not need a bank account or debit card. On average, transaction costs for using Bitcoin ATMs are 10-15% but can go up to 25% or be as low as 7%. Most Bitcoin ATMs place a lower and higher limit on cash deposits and transactions.
LibertyX generally has the lowest bitcoin fees nationwide. In most cities, the fee is 8%. LibertyX believes in transparency and does not inflate the FX rate like some other companies.
With LibertyX, you can purchase up to $1,400 per week at our independent retailers or ATMs with a verified mobile phone number. If you wanted to purchase more, up to $3,000 per day or from our chain retailers, ID is required. Learn more about LibertyX verification requirements and purchase limits.
Accounts may be placed on hold temporarily for security reasons and require review by our support team. Please contact LibertyX support by starting a live chat using the (?) Help button in the lower right-hand corner of your screen, or emailing support@libertyx.com.
Buy bitcoin with just the LibertyX app and your debit card.
To use a Bitcoin ATM, customers can insert cash or a debit card to exchange their traditional currency for Bitcoin currency. While Bitcoin ATMs are generally accessible to everyone, they may require that the customer have an existing account with the Bitcoin ATM operator.
Most Bitcoin ATMs charge a fee between 9% and 12% to buy Bitcoin. You might find fees as low as 4% and as high as 20%, though. By comparison, many online cryptocurrency exchanges will charge less than 1.5% on transactions in highly liquid currencies such as Bitcoin.
Instead of having to go take out cash and find a cash-to-bitcoin kiosk, you can now buy bitcoin using your debit card from the ATM at many convenient locations. The process is very similar to using an ATM, except instead of receiving cash at the end of the transaction, we will send you bitcoin digitally.
Bitcoin ATMs can help you turn your cash tips into crypto investments in just a few easy steps. Bitcoin ATMs can be especially beneficial if you have a lot of cash and no bank account. Instead of storing cash in high-risk places like on your person or in your home, safely store your money in cryptocurrency.
Cost Breakdown for $1,000 of Bitcoin
Here's how the fees would add up: Retail Fee: Let's consider the higher end of the retail fee range ($4.95) for this calculation. $4.95 per transaction x 2 transactions = $9.90. Bitcoin Purchase/Conversion Fee: $1,000 x 11% = $110.
Are Bitcoin ATMs worth it?
Is it worth having a bitcoin ATM? In terms of commission, Bitcoin ATMs are more profitable. Forbes reported that industry fees for operators are higher and the volume per machine can be significant compared to traditional ATMs ( A Bitcoin ATM is worth having once you get it up and running.
A: The high fees are due to the operational costs of running a Bitcoin ATM, including compliance with regulatory standards, maintenance, cash logistics, and leasing space. These fees ensure legitimate and secure operations in the cryptocurrency industry.
Our smallest Bitcoin ATM with a brand new 10-inch display, the BATMTwo distributes coins from a wallet or crypto exchange to the customer. Secure industrial quality, multilingual server software, manage and upgrade terminal remotely. Best value for fast ROI.
- Use an exchange to sell crypto.
- Use your broker to sell crypto.
- Go with a peer-to-peer trade.
- Cash out at a Bitcoin ATM.
- Trade one crypto for another and then cash out.
- Bottom line.
Take note that it might take anywhere from ten minutes to an hour to process transactions done on a Bitcoin ATM. It usually takes six network confirmations to do this, so don't worry if you don't immediately see the amount reflected in your digital wallet.
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