Coinsource Expands Reach with 7 Bitcoin ATMs Launching in Los Angeles

Largest installation for Coinsource since inception; 2 more BTMs launched in Las Vegas

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Coinsource Expands Reach with 7 Bitcoin ATMs Launching in Los Angeles

Largest installation for Coinsource since inception; 2 more BTMs launched in Las Vegas

LOS ANGELES, CA – May 3, 2016 – Coinsource, the National Bitcoin ATM Network, today announced its single largest installation of bitcoin ATMs to date, launching seven new machines across the Los Angeles area and two more bitcoin ATMs in Las Vegas. Coinsouce is now the largest bitcoin ATM provider on the West Coast with 16 machines in San Francisco, Silicon Valley, Los Angeles, Las Vegas, and San Diego.

Four bitcoin ATMs have been installed in LA proper, with one each in Lynwood, Long Beach and Torrance. Coinsource maintains the lowest transaction fee of any major bitcoin ATM network and now has a total of 30 machines in five states across the country.

Coinsource CEO and Co-Founder Sheffield Clark said his company is expanding quickly, in concert with the growing demand for digital currency, with bitcoin now trading above $450, up from $220 one year ago.

“Our entrance into the Los Angeles area is the most important yet for both the Coinsource brand and for bitcoin enthusiasts in Southern California. The roll out of seven new machines in one go was a significant logistical achievement, but we are proud to bring so many more options for both novices and veterans of bitcoin. With more and more use-cases for bitcoin every day, we foresee a future where digital currency is used as commonly as cash or credit cards,” said Clark.

The specific locations of the machines (details below) were selected based on their high vehicle and foot traffic, parking convenience, ease of access and long operating hours of the stores in which they are located.

“The Los Angeles community finally has convenient access to Coinsource’s secure, reliable and fully compliant bitcoin ATMs. We will continue to deliver on our promise to provide Americans everywhere with the opportunity to access bitcoin.”

“We’re also excited to expand our reach in Las Vegas to four machines, with two brand new locations East and West of the Strip, covering North Las Vegas as well. When you look at our locations on a map of the West Coast and across the United States, the ink spots are really starting to grow. It’s a very exciting time for us,” Clark added.

Manufactured by industry leader GenesisCoin, all Coinsource bitcoin ATMs are open late and offer the industry’s lowest fees. Rates start at 8% and reduce with higher volume purchases.

The newest, easy-to use Coinsource bitcoin ATMs join a network of active machines distributed across the United States, from San Francisco to New York City.

For more information, visit www.coinsource.net.

LOS ANGELES BITCOIN ATM LOCATIONS:

NEW! Los Angeles

LOCATION: Dale's Liquor, 14915 Vanowen St, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

***

NEW! Los Angeles

LOCATION: Norwood Market, 5070 Hollywood Blvd, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

***

NEW! Los Angeles

LOCATION: Sweet Apple Deli & Grocery, 4707 S Broadway, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

***

NEW! Los Angeles

LOCATION: Hope's Liquor & Market, 2104 Beverly Boulevard, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

***

NEW! Lynbrook

LOCATION: Salem Liquor, 12720 Atlantic Ave, Lynwood CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

***

NEW! Long Beach

LOCATION: Eddies Liquor Junior Market, 734 W. Willow St, Long Beach CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

***

NEW! Torrance

LOCATION: Royal Liquor, 3114 Pacific Coast Highway, Torrance CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

LAS VEGAS BITCOIN ATM LOCATIONS:

NEW! WEST LAS VEGAS

LOCATION: 76 Gas Station, 4708 W Charleston Blvd., Las Vegas, NV 89102

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

***

EAST LAS VEGAS

LOCATION: 76 Gas Station, 3965 E Charleston Blvd., Las Vegas, NV 89104

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

***

CITY CENTER LAS VEGAS

LOCATION: Ketchup Premium Burger Bar and the Miracle Mile Shops 3663 S Las Vegas Blvd. #410, Las Vegas NV 89109

HOURS OF OPERATION: 10:00 AM to 2:00 AM, 7 Days Per Week

ATM TYPE: GenesisCoin 2-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

***

SOUTH LAS VEGAS

LOCATION: Country Club Auto Spa, 9260 S Eastern Ave., Las Vegas, NV 89123

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 2-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

###

Coinsource CEO and Co-Founder Sheffield Clark is available for interview.

Media Contact:

David Wachsman  

Wachsman PR

212-835-2511

david@wachsmanpr.com

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