• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Coinhub Bitcoin ATMs: Empowering America’s Crypto Enthusiasts, While Others Face Setbacks
Bitcoin

Coinhub Bitcoin ATMs: Empowering America’s Crypto Enthusiasts, While Others Face Setbacks

June 2, 2023 by Mishal Ali

Amidst the growing popularity of Bitcoin ATMs, Coinhub Bitcoin ATMs is emerging as a leading player in the field, with ambitious plans to expand its network nationwide across major cities in the United States. 

According to a press release, the company aims to provide a convenient and secure platform for individuals to buy and sell BTC, catering to the increasing demand for accessible cryptocurrency services.

Coinhub Bitcoin ATMs strategically position their machines in various public places, including convenience stores, gas stations, and other high-traffic areas. This widespread placement ensures that individuals can easily access ATMs and engage in BTC transactions regardless of their proximity to traditional banking institutions.

The company’s expansion efforts aim to democratize access to Bitcoin by making it more readily available to a wider audience across the United States.

Despite the rising popularity of cryptocurrencies, many individuals remain hesitant to invest due to concerns about the complexity of the technology and the safe storage and management of digital assets. 

Coinhub Bitcoin ATMs directly address these apprehensions by offering a secure and user-friendly platform for buying and selling BTC.

Unlicensed Bitcoin ATMs Under Scrutiny: The Bitcoin of America Case

In contrast to Coinhub’s efforts, a recent incident involving another BTC ATM provider, Bitcoin of America, has raised concerns about unlicensed operations in the cryptocurrency space. 

The Connecticut Department of Banking took action against Bitcoin of America because it failed to obtain the necessary licenses to operate BTC ATMs within the state. 

The consent order was enforced after several consumers fell victim to a scam involving unlicensed kiosks, resulting in financial losses totaling $86,000. Following a criminal indictment, Bitcoin of America is winding down its operations in Connecticut.

The incident prompted a warning from the state’s banking commissioner, urging investors to exercise caution when using unlicensed crypto kiosks. Connecticut is also implementing legislation to regulate and protect consumers, demanding that digital currency kiosks obtain licenses as money transmitters.

The negative effects of geopolitical instability and increased scrutiny on unlicensed operations have overshadowed the overall BTC ATM network. 

However, the expansion of Coinhub’s BTC ATM network and its focus on competitive rates and exceptional customer service aims to counter these challenges and facilitate a seamless and secure experience for individuals interested in investing in BTC.

As the demand for cryptocurrencies grows, companies like Coinhub are at the forefront, offering innovative solutions that bridge the gap between traditional finance and the digital currency revolution. 

Related Reading | Solana’s Evolution: Shifting Towards Consumer Apps & Embracing Unique User Experiences

Filed Under: News, Bitcoin News Tagged With: Bitcoin ATM, Coinhub, Cryptocurrency

Primary Sidebar

Recent Posts

  • Ethereum Whale Nets $12.15M by Flipping Long and Short Positions June 21, 2025
  • Pump.fun Faces Delay in Token Sale Amid Mounting Legal Troubles June 21, 2025
  • Polkadot Expands Multi-Chain Tech While Lightchain AI Expands Wallet Demand After Presale Milestones June 21, 2025
  • Cardano Scores Major Victory as Ford Embraces Blockchain for Legal Files June 21, 2025
  • Norway Plans Temporary Crypto Mining Ban Amid Rising Energy Concerns June 21, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.