Libertyx, a leading Bitcoin ATM operator in the United States, has announced that 5,000 of its ATMs now support the cash-out feature, allowing users to sell Bitcoin for fiat currency. Chris Yim, CEO of Libertyx, told Bitcoin.com that before this update, fewer than 2,000 Bitcoin ATMs nationwide offered such a service. “We’ve effectively tripled the number of locations where consumers can sell Bitcoin for cash,” Yim noted.
Low-Cost Model Underpins Network Expansion
In addition to its own fleet of 5,000 Bitcoin ATMs, Libertyx partners with over 20,000 retail chains—including 7-Eleven, CVS, and Rite Aid—to facilitate Bitcoin purchases. Traditional Bitcoin ATM operators typically spend more than $10,000 on a single kiosk, then charge fees ranging from 12% to 20%. In contrast, Libertyx leverages existing ATM hardware and retail infrastructure to keep costs low. “We don’t buy expensive machines; we tap into terminals already in place,” said Yim. The company’s fees vary from 1.5% (at CVS/Rite Aid counters) to 8% (debit card transactions at ATMs), significantly undercutting the industry average.
User Behavior: Small First Steps Lead to Recurring Purchases
Yim shared detailed user insights: the typical first purchase is between $20 and $50 as customers get comfortable with wallets and confirmation times. “They come back and buy more once they’re confident,” he explained. Citing “zero interest rates, a volatile stock market, and job uncertainty,” Yim described Bitcoin as an uncorrelated asset that provides a potential asymmetric lottery-ticket profile. He stressed that people are not betting their life savings but “dabbling” to gain modest exposure. Demand is particularly strong in rural and suburban markets, which are often overlooked by conventional BTM operators.
Serving Underserved Communities
While traditional operators focus on high-density urban areas where $10,000+ kiosks can generate sufficient returns, Libertyx has targeted smaller towns with populations as low as 15,000. “Our integration model allows us to serve these communities with much lower fees,” Yim said. The company’s ATMs are not listed on Coinatmradar, the leading cryptocurrency ATM tracker, because that platform only lists machines that exclusively sell crypto and accept cash. “They offered to list us under ‘Other Services,’ but that’s not visible by default,” Yim noted. Despite this, Libertyx continues to expand rapidly.
The company has also removed the waitlist for buying Bitcoin at chain retailers and extended a 0% conversion fee promotion, with customers only paying a flat $4.95 retailer fee. This aggressive pricing aims to lower the barrier for first-time buyers and accelerate mainstream adoption of Bitcoin.