16 July 2015

New York gets its first Bitcoin ATM

A photo representation of the Bitcoin event, New York gets its first Bitcoin ATM

In July 2015, New Jersey saw the installation of its first Bitcoin ATM, marking a significant milestone in the state’s adoption of Bitcoin. The ATM was installed by Kointron at the Smoke Shop Jersey City, located at 2822 Kennedy Blvd.
 

Unlike many Bitcoin ATMs worldwide, Kointron’s machine charges a substantial service fee, ranging from 8% to 15%, with Kointron taking about 4% of that.


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