Bitcoin ATM Network Increases Daily Withdrawal Limit to $5000
1630Boston
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Driving down the road last week, saw a sign at a gas station that read "BITCOIN ATM INSIDE"
Didn't really think about it till my memory was jogged today.
Some machines are buy only...some are buy and sell.
$5000 limit ? Must be some cash in the ATM.
Coinsource, a company that claims the title of the world’s largest Bitcoin ATM network, has increased the withdrawal amount to $5,000 USD. Coinsource says this comes in response to growing demand for more ATMs and the company’s growing presence in Mid-Atlantic states, including Delaware, Pennsylvania, and New Jersey.
Coinsource CEO, Sheffield Clark says they want to stay ahead of the curve as Bitcoin goes mainstream.
“As the only nationally licensed and federally regulated operator, our decision serves as a testament to the growing demand for access to cryptocurrency and digital assets,” said Clark. “The future of finance is in convenience and security. We want to be at the forefront of that to better service the 164 million residents across 19 states already utilizing our technology, while continuing to rapidly grow.”
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Comments
All I can say....get your money & run.
yepper, before someone else gets it.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Interesting !!!
So, what's the ATM fee to sell $5K in bitcoin?
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
10% fees wow.
That's what I saw also
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
You can imagine what they'd charge if they were auctioning them.
Here's a warning parable for coin collectors...
10% transaction fees. Nice if you find people dumb enough to use them.
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