Libertyx, a leading Bitcoin ATM operator, announced Monday that 5,000 ATMs in its network now support cash-out, allowing users to sell their Bitcoin for cash directly. CEO Chris Yim stated that this addition triples the number of Bitcoin ATMs in the United States where consumers can sell Bitcoin—previously fewer than 2,000 machines offered such capability.
Full Rollout of Cash-Out Feature, Lowering Entry Barriers
Beyond its ATM network, Libertyx enables Bitcoin purchases at 20,000 chain stores including 7-Eleven, CVS, and Rite Aid. Yim confirmed that the waitlist for buying Bitcoin at these retailers has been eliminated. “We are extending the 0% conversion fee promotion at chain retailers for the near future, so the only fee is the $4.95 flat fee paid to the retailer,” he added. This approach significantly reduces the friction for everyday consumers to enter the Bitcoin market.
Low-Fee Business Model Outperforms Traditional BTM Kiosks
Yim explained the fundamental difference in Libertyx's business model. Traditional Bitcoin ATM kiosks cost over $10,000 per unit, making them unprofitable in towns with only 15,000 residents. Libertyx leverages existing hardware (ATMs and point-of-sale terminals) to keep deployment costs minimal. “Our fees range from 1.5% at CVS and Rite Aid to 8% for debit card transactions at ATMs, compared to the industry average of 12-20%,” Yim noted. This cost advantage allows the company to penetrate underserved rural and suburban markets.
User Behavior: Small Trial Amounts, Gradual Increase
According to Yim's observations, current users typically start cautiously. “Customers usually buy $20-50 initially to get comfortable with wallets, confirmation times, etc., then come back and buy more,” he said. He emphasized that users are not putting life savings into Bitcoin but rather treating it as an uncorrelated asset with an asymmetric 'lottery ticket' return profile. In an environment of near-zero bank interest and volatile stock markets, consumer appetite for such exposure is growing.
Strong Rural Adoption, Yet Missing from Major Directory
Yim reported increasing Bitcoin demand across the country, with particularly strong adoption in rural and suburban areas. However, Libertyx ATMs are not listed on Coinatmradar, the leading cryptocurrency ATM tracking website. “They will only list kiosks that solely sell crypto and not ones that offer other services like traditional ATMs,” Yim explained. The site offered to list Libertyx under 'Other Services,' but that category is neither searchable nor displayed by default in the locator.
Industry Impact and Future Outlook
Libertyx's innovative model disrupts the high-cost structure of traditional Bitcoin ATMs, bringing accessible buy-and-sell services to smaller communities. The addition of cash-out functionality brings Bitcoin liquidity closer to that of conventional financial tools. Yim believes this low-friction, low-fee approach will drive broader everyday adoption. Going forward, Libertyx plans to expand its ATM coverage further and explore deeper integration with existing retail infrastructure.