Bitcoin of America Shutdown: Frequently Asked Questions and Alternative Solutions - America's Bitcoin ATMs
April 7, 2023 1:59 pm in

Bitcoin of America Shutdown: Frequently Asked Questions and Alternative Solutions

The recent indictment of Bitcoin of America for unlicensed operations has left many customers with questions and concerns. In light of these developments, we have compiled a list of frequently asked questions to address common concerns and provide guidance on alternative solutions, such as using America’s Bitcoin ATM, a licensed and regulated operator for your cryptocurrency needs.

Q: What happened to Bitcoin of America and its services?

Bitcoin of America has been indicted for operating unlicensed Bitcoin ATMs, leading to their website shutdown and customer helpline number. At this time, their services are no longer available.

Q: Are my funds safe if I recently used Bitcoin of America’s ATMs?

Recent transactions before shutdown should have been completed successfully; however, what will the impact on customer funds be now? We recommend checking official updates from regulatory authorities for further information.

Q: Can I still use Bitcoin ATMs?

You can still use Bitcoin ATMs provided by other licensed operators. One alternative is America’s Bitcoin ATM, which offers a secure and compliant platform to buy and sell cryptocurrencies.

Q: How can I find an America’s Bitcoin ATM location near me?

To find an America’s Bitcoin ATM location near you, visit their website and use the “ATM Locations” feature to search for nearby machines.

Q: Is America’s Bitcoin ATM a licensed and regulated operator?

America’s Bitcoin ATM is a licensed and regulated operator that complies with all relevant federal and state regulations, providing customers with a secure and trustworthy service for buying and selling cryptocurrencies. FinCEN Registration Number: 31000208357021

Q: What cryptocurrencies can I buy or sell at America’s Bitcoin ATMs?

You can buy and sell popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and thirty others at America’s Bitcoin ATMs.

Q: What are the fees and limits for using America’s Bitcoin ATM?

America’s Bitcoin ATM offers competitive fees and a daily transaction limit of $25,000. For detailed information on their fee structure and limits, please see FAQs or contact customer support.

Q: How can I get help or support when using America’s Bitcoin ATM?

If you require assistance using America’s Bitcoin ATM, you can contact the customer support team (1-888-810-2903) or through contact form or email.

Q: Is it safe to use Bitcoin ATMs during the ongoing legal situation with Bitcoin of America?

Using Bitcoin ATMs from licensed and regulated operators like America’s Bitcoin ATM is safe. They follow strict compliance guidelines and adhere to relevant regulations, ensuring the safety and security of your transactions.

Q: Will the Bitcoin of America indictment affect other Bitcoin ATM providers?

The indictment explicitly targets Bitcoin of America’s unlicensed operations. Other licensed and regulated Bitcoin ATM operators, like America’s Bitcoin ATM, are not directly affected by this situation and will continue to provide services to customers.


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