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Bitcoin of America Review: Buy Bitcoins Directly From Over 500 ATM Locations In The U.S.

Bitcoin of America is a virtual asset exchange which owns and operates a wide network of Bitcoin ATMs across the U.S. offering a high level of compliance – working with authorities to ensure KYC/AML compliance is followed to the letter.

The global COVID-19 pandemic and distribution of the U.S. CARE package has seen investors across the country look for alternative assets to invest in – Bitcoin and cryptocurrencies leading the way. Whether you find a Bitcoin ATM in your local store or you wish to purchase directly on their website, Bitcoin of America offers users both options to complete a fast trade.

In the coming sections of the article we focus on Bitcoin of America’s history, the assets and payment methods offered on the platform, compliance measures and pros and cons of using the platform – both locally and online.

Overview: Bitcoin of America platform

Bitcoin of America is a U.S. based digital asset exchange and Bitcoin ATM operator allowing users to quickly and safely purchase and sell BTC and Litecoin (LTC) using fiat. The Chicago headquartered platform launched in 2015, currently hosting between 15-50 employees, is a registered money service business (MSB) with the United States Department of Treasury (FinCEN).

The platform is fully compliant to Know Your Customer (KYC) and Anti-Money Laundering (AML) rules maintaining high standards across its virtual asset business.

“Using a robust anti-money laundering transaction monitoring system, and superior user-friendly, payment features, we provide rapid and safe transactions at the best rates in the market.”

Bitcoin of America operates directly with its clients and the public – whether on local ATMs or online – through its digital platform, doing away with all intermediaries. You can directly fund Bitcoins and Litecoins to your external wallet or select a crypto wallet provided by the firm.

Bitcoin of America BTM business

Bitcoin of America is one most popular Bitcoin ATM operators with huge network of crypto ATMs around the United States. The company has heavily invested on their local crypto teller machines, installing Bitcoin ATMs in major cities and towns in kiosks, malls and shops around the country.

Since 2015, the number of Bitcoin ATMs across the world has surged from 348 to over 10,500 machines according to Statista. These numbers do not show any signs of slowing down as an increase in interest of cryptocurrencies across the world grows.

Ballooning growth of Bitcoin ATMs across the world (Image: Statista)

According to Coin ATM Radar, an aggregator platform, the U.S. accounts for over 80% of the total Bitcoin ATMs in the world. Bitcoin of America is one of the biggest

Bitcoin of America BTM Locations

Here is a list of some of the states and cities that Bitcoin of America’s BTMs are located at:

  • California
  • Las Vegas
  • Arizona
  • Texas – Huston
  • Florida
  • New York
  • Denver
  • Alabama
  • Louisiana
  • South Carolina
  • North Carolina
  • Indiana
  • Mississippi
  • Ohio
  • Tennessee
  • Kentucky
  • Detroit
  • Oklahoma
  • Washington etc.

More locations across the U.S are available on this link here.

How to partner with Bitcoin of America

The gradual growth of Bitcoin of America BTMs is possible due to growth in the partnership network of the firm with businesses across the country. The “Partner With Us” service from Bitcoin of America allows businesses to host a digital currency exchange in your business to earn passive income. The gig allows merchants, businesses, kiosks and shops to gain a new revenue stream and witness increased traffic to their stalls.

Bitcoin of America will bore the cost of installation and any operating costs – no risk is passed on to the business.

“After listing your location online, people in your area searching for Bitcoin will visit your business. These new visitors usually become regular customers of your location and make other purchases.” – Bitcoin of America website.

If you wish to add a Bitcoin ATM in your business, follow this link and stand a chance to earn passive income of up to $500 every month.

The Bitcoin of America Online Trading Platform

While Bitcoin ATMs offer the quickest and cheapest options to purchase BTC and LTC from Bitcoin of America; users who wish to purchase their assets from the comfort of their computer or smartphone can head to the platform’s website and directly purchase BTC or LTC. The platform accepts buying and selling crypto from bank transfers, wire transfers, and prepaid debit cards.

The Bitcoin of America Tablet option

Bitcoin of America also offers a direct Bitcoin point of sale from the merchants and kiosks. Also known as over the counter BTC option, tellers/ tablets directly fund BTC to your wallet in exchange for cash. This reduces the mistakes that happen when buying BTC online such as mistaking your address. It is much like a bitcoin ATM but smaller and hosted by a cashier.

Conclusion

The rise of the cryptocurrency market opens a gateway for companies such as Bitcoin of America to offer quicker and safer options to purchase Bitcoin. With a strong compliance and regulatory structure set on the platform including intense KYC/AML procedures, 24/7 customer support service and cheap options to purchase crypto, Bitcoin of America is a way to go for crypto holders in the U.S.

Achal Arya

I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.

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