Determining the Best Bitcoin ATM in the US
To determine the best Bitcoin ATM in the US, I have prepared a detailed comparison of Bitcoin ATMs from Bitcoin Depot, Coin Cloud, LibertyX, Bitcoin NW, Margo Bitcoin, Coin Flip, Coinstar, Coinhub, Byte Federal, Unbank, Athena, and Just Digital, focusing on minimizing fees, exchange rates, and Know Your Customer (KYC) requirements.
Coin ATM Radar (https://coinatmradar.com/) can be used with a map to find and filter Bitcoin ATMs geographically.
Bitcoin Depot
Bitcoin Depot is one of the largest Bitcoin ATM networks in the United States.
- Fees: 15-20% per transaction, varying by location and transaction amount.
- Exchange Rates: Higher than the market rate to account for convenience fees.
- KYC Requirements: Phone number, government-issued ID, and sometimes a selfie.
Coin Cloud
Coin Cloud is known for its user-friendly interface and wide range of supported cryptocurrencies.
- Fees: 10-20% depending on transaction size and location.
- Exchange Rates: Slightly above the market rate to include operator fees.
- KYC Requirements: Phone number, government-issued ID, and a selfie for larger transactions.
LibertyX
LibertyX offers Bitcoin purchasing services through ATMs, cashiers, and debit kiosks.
- Fees: 1.5-8%, depending on the purchase method and location.
- Exchange Rates: Competitive and closer to the market rate compared to others.
- KYC Requirements: Phone number and government-issued ID.
Bitcoin NW
Bitcoin NW operates primarily in the Pacific Northwest.
- Fees: 10-15% per transaction.
- Exchange Rates: Higher than the market rate.
- KYC Requirements: Phone number and government-issued ID.
Margo Bitcoin
Margo Bitcoin focuses on user experience.
- Fees: 12-18% depending on location and transaction size.
- Exchange Rates: Higher than the market rate.
- KYC Requirements: Phone number and government-issued ID for larger transactions.
Coin Flip
Coin Flip is known for its low fees and extensive network.
- Fees: 6.99%, with an additional $2.99 transaction fee. Use code “30CODE” for a 30% discount.
- Exchange Rates: Competitive and closer to the market rate.
- KYC Requirements: Required only for transactions over $900 (government-issued ID and phone number).
Coinstar
Coinstar now offers Bitcoin transactions at its coin-counting kiosks.
- Fees: Around 11%.
- Exchange Rates: Slightly above the market rate.
- KYC Requirements: Phone number and government-issued ID for higher transactions.
Coinhub
Coinhub provides simple and accessible Bitcoin ATM services.
- Fees: 10-15%, depending on location and transaction size.
- Exchange Rates: Higher than the market rate.
- KYC Requirements: Phone number, government-issued ID, and sometimes a selfie.
Byte Federal
Byte Federal operates a straightforward network of Bitcoin ATMs.
- Fees: 10-15%, depending on transaction size and location.
- Exchange Rates: Slightly above the market rate.
- KYC Requirements: Phone number and government-issued ID.
Unbank
Unbank specializes in accessible Bitcoin purchases.
- Fees: 9-15% based on transaction size and location.
- Exchange Rates: Slightly above the market rate.
- KYC Requirements: Phone number and government-issued ID for larger transactions.
Athena
Athena Bitcoin offers Bitcoin ATMs and mobile transactions.
- Fees: 7-15%, depending on transaction amount and location.
- Exchange Rates: Competitive, though slightly above market rate.
- KYC Requirements: Phone number and government-issued ID.
Just Digital
Just Digital minimizes fees for users.
- Fees: 5-10%, among the lowest available.
- Exchange Rates: Near market rate.
- KYC Requirements: Phone number and government-issued ID for larger transactions.
Summary Table
| Bitcoin ATM | Fees | Exchange Rates | KYC Requirements |
|---|---|---|---|
| Bitcoin Depot | 15-20% | Higher than market rate | Phone number, government-issued ID, selfie |
| Coin Cloud | 10-20% | Slightly above market rate | Phone number, government-issued ID, selfie |
| LibertyX | 1.5-8% | Competitive | Phone number, government-issued ID |
| Bitcoin NW | 10-15% | Higher than market rate | Phone number, government-issued ID |
| Margo Bitcoin | 12-18% | Higher than market rate | Phone number, government-issued ID |
| Coin Flip | 6.99% | Closer to market rate | Government-issued ID, phone number (over $900) |
| Coinstar | 11% | Slightly above market rate | Phone number, government-issued ID |
| Coinhub | 10-15% | Higher than market rate | Phone number, government-issued ID, selfie |
| Byte Federal | 10-15% | Slightly above market rate | Phone number, government-issued ID |
| Unbank | 9-15% | Slightly above market rate | Phone number, government-issued ID |
| Athena | 7-15% | Competitive | Phone number, government-issued ID |
| Just Digital | 5-10% | Near market rate | Phone number, government-issued ID |
Revised Recommendation
For users seeking low fees, Just Digital offers the best option with fees ranging from 5-10%. It also provides near-market exchange rates, ensuring users receive the best value.
For privacy-conscious users making smaller transactions, Coin Flip stands out, requiring only a phone number for transactions under $900 and offering competitive exchange rates.
If network accessibility is your primary concern, Bitcoin Depot and Coinhub provide extensive networks but come with higher fees.
By carefully assessing your priorities—fees, KYC, exchange rates, or accessibility—you can find the Bitcoin ATM that best suits your needs.
Useful Links
- Bitcoin Depot
- Coin Cloud
- LibertyX
- Bitcoin NW
- Margo Bitcoin
- Coin Flip
- Coinstar
- Coinhub
- Byte Federal
- Unbank
- Athena Bitcoin
- Just Digital
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