Fort Worth-based Coinsource, the leading Bitcoin ATM network in the U.S., on Monday announced its partnership with Kwik Trip, a convenience store and gas station national brand operating more than 800 retail stores in Wisconsin, Minnesota, Illinois, and Iowa.
Installations have already begun, according to a press release. Coinsource is rolling out new Bitcoin ATMs offering record low rates to customers in each Kwik Trip store and gas station location across the midwest. Coinsource’s fee is 11% nationwide, with an accurate Bitcoin price and absolutely no hidden fees with miner fees covered for each transaction. Additionally, Kwik Trip Rewards members will have access to even lower rates.
“Partnering with Kwik Trip made perfect sense as it enables us to continue our mission of making crypto accessible to every American at phenomenally low rates, especially at a time when traditional economic systems have shown weaknesses,” says Sheffield Clark, Coinsource CEO, says in a statement. “It is our top priority to place our machines in essential, convenient locations, because Bitcoin is becoming increasingly essential to Americans.”
As of April 2022, there were nearly 38,000 Bitcoin ATMs across the world and Coinsource is playing an integral role by offering users safe and secure access throughout the U.S. Coinsource is the only active BitLicence holding operator in the business, making them the only nonbillion dollar valued company to hold this license. Coinsource offers almost instant transactions, allowing users the ability to receive their Bitcoin in mere minutes.
Founded in 2015, the Fort Worth-based company gives any person the ability to buy and sell bitcoin with U.S. dollars by utilizing their physical kiosks located around the country. As the largest network of Bitcoin ATMs, Coinsource breaks down barriers to the cryptocurrency world, enabling more people to be a part of the revolution. With over 2,500 Bitcoin ATMs, Coinsource has machines in 46 states and has successfully installed Bitcoin ATMs within a 15-minute drive of 80% of the U.S. population.
Kwik Trip is one of the largest independently-held convenience store chains in the U.S. It has been named USA Today's number 1 U.S gas station brand.
“We understand Coinsource’s aim of providing the fastest, easiest, and most secure way to buy and sell cryptocurrencies and how a key part of this is placing the Bitcoin ATMs in convenient and easily accessible locations,” says Dave Wagner, controller of Kwik Trip. “As an added benefit, we know our customers are getting the best deal since Coinsource has the lowest proven rates plus industry-leading compliance, which really sealed the deal.”