Home / Capital & Crypto / San Diego Sees 2 New Bitcoin ATMs

San Diego Sees 2 New Bitcoin ATMs

Last Updated March 4, 2021 4:48 PM
Samburaj Das
Last Updated March 4, 2021 4:48 PM
San Diego's newest Bitcoin ATM
San Diego’s newest Bitcoin ATM

 The two new ATMs brings up the number of ATMs operated by CoinSource to 19 in the United States.

With an announcement, Bitcoin ATM network Coinsource has installed two more Bitcoin ATMs in San Diego County, in addition to one existing ATM. San Diego now sees three bitcoin ATMs active in the County operated by Coinsource.

In a statement, Coinsource CEO and Co-founder Sheffield Clark said:

When we installed our first bitcoin ATM in San Diego in October 2015, Coinsource promised that we would continue to scour the area for more locations. We’re thrilled to offer three secure, fully compliant and always active bitcoin ATMs to the community.

The machines are installed in Oceanside and National City, with the first Coinsource operated ATM already installed in central San Diego. The two locations were chosen after research into factors such as population demographics, adjacent business hours and ease of access to the ATMs, the company stated.

Clark stated:

Coinsource is proud to announce that everyone in and nearby San Diego County now has access to a low-fee, strategically located Bitcoin ATM.

“We are scaling with the rise of cryptocurrency, and we chose these additional locations because we know how important convenience is to our customers,” he added.

The newest ATMs are manufactured GenesisCoin. There is a 7% rate for bitcoin purchasing which is reduced for higher volume purchases of the cryptocurrency.

In March 2016, Coinsource installed its first Bitcoin ATM in San Francisco, a city that now sees three active ATMs of the cryptocurrency in total.

Altogether, Coinsource’s website reveals eight ATMs in New York City, one in Brooklyn, N.Y., one in Jamaica, N.Y., two in Las Vegas, one in Philadelphia, Pa., one in Dallas, Texas, one in Ft. Worth, Texas, one in Palo Alto, California, and three, including the two latest installations, in San Diego, California.

Images from Shutterstock and Coinsource.