Kwik Trip Turns to Coinsource for Bitcoin ATMs

More than 700 locations across the Midwest are getting the new crypto-currency machines.

May 16, 2022

Bitcoin ATM

FORT WORTH, Texas—Coinsource today announced it has partnered with Kwik Trip to roll out new Bitcoin ATMs in each of the Wisconsin-based convenience retailer’s 700+ locations across Illinois, Iowa, Minnesota and Wisconsin.

Coinsource said its fee is 11% nationwide, and Kwik Trip Rewards members will have access to 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,” said Sheffield Clark, CEO of Coinsource. “It is our top priority to place our machines in essential, convenient locations, because Bitcoin is becoming increasingly essential to Americans.”

With over 2,500 Bitcoin ATMs, Texas-based Coinsource has machines in 46 states and has successfully installed Bitcoin ATMs within a 15 minutes’ drive of 80% of the U.S. population, the company said.

Dave Wagner, controller of La Crosse, Wisconsin-based Kwik Trip, said, “We are delighted to be partnering with Coinsource and facilitating simple access to Bitcoin for our customers. 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. 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.”

Bitcoin ATMs are increasingly making their way into convenience stores, including Sheetz, Circle K, On the Run Australia and others.