Coinsource, the Bitcoin ATM network, has just announced an increase to their daily withdrawal limit. The company will now allow users to withdraw up to $5,000 USD. The news comes in response to the growing demands for more ATMs and the company’s expansion earlier this year to Mid-Atlantic states, including Delaware, Pennsylvania, and New Jersey.
With over 2.5K ATMs in the world and daily mainstream blockchain and crypto adoption announcements, we want to stay ahead of the curve by making our ATMs and patron’s assets more accessible for those that want to withdraw higher amounts. 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. We look forward to continuing to provide innovative solutions to the growing crypto user base,” said Coinsource CEO, Sheffield Clark.
The company’s decision was heavily influenced by the growing demand for machines across North America and the rise in mainstream interest and corporate adoption. Coinsource is committed to expanding responsibly while developing impactful industry solutions.
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.