CypherSafe Adds LibertyX Bitcoin ATM
Welcome back, I’m Kathleen Bitcoin. I’m 20 years old, new to the bitcoin world, and here to write on the current hot topics in bitcoin while I learn about it along the way.
Today I’m here to talk about LibertyX!
They offer an app and a service that you can install into regular, everyday ATMs so that you can buy bitcoin. In order to do so, you have to download their app and make an account with them to buy the bitcoin. Finding ATM locations is made easy through the app as well.
LibertyX is America’s first and largest network of Bitcoin ATMs, cashiers, and kiosks. We’re here to talk specifically about their ATMs, though. Why? CypherSafe decided to install an ATM at Canyon Networks in Newport, Maine.
CypherSafe did it mostly as a learning experience. They said the people at LibertyX have been super helpful and friendly. So if you’re thinking of doing it, absolutely reach out to them!
There’s now roughly 9,500 LibertyX ATMs across the country. You might be surprised how close they are to you! When using the ATMs, there’s a service charge that varies from ATM to ATM; that’s typical with any ATM, though. They are also debit card only, no credit card. But you can buy up to $1400. You can also increase your daily purchasing limit to $3000 by providing additional information.
Their goal is to make purchasing bitcoin as simple and familiar as possible. This is another way to buy bitcoin, like the Dollar Cost Averaging method with a website like Swan, in an easy way.
Here’s how the process of buying the bitcoin via the ATM actually works…
- Select “Start purchase” and paste your bitcoin wallet address (or scan its QR code)
- Select the store location you wish to purchase at and select buy bitcoin here
- Your 6-digit order number will be displayed in a green box on the LibertyX app.
- Enter that order number into the ATM, and finalize payment. When payment is confirmed, the bitcoin is sent to the wallet address you provided in Step 1.
And don’t forget to protect it with a CypherWheel! Now in Saifedean Ammous’ Bitcoin Standard Toolkit!
Buying bitcoin made easy with LibertyX! Download the app to find nearby locations so you can buy bitcoin in minutes.
Thanks again,
Kathleen Bitcoin
Twitter: @KathleenBitcoin
