National Bitcoin ATM (automated teller machine) network Coinsource (Clark, Sharp, and Reynolds, LLC, DBA CoinSource) just announced its largest installation yet by adding seven new machines in the Los Angeles area and two more in Las Vegas. According to the company this makes Coinsource the largest bitcoin ATM provider on the West Coast with 16 installations in San Francisco, Silicon Valley, Los Angeles, Las Vegas and San Diego.

This installation brings the total number of ATMs operated by Coinsource up to 30 across five states.

Bitcoin ATMs provide a different way for people to obtain and trade in bitcoins while on the road in a manner that is similar to visiting a banking ATM. While bitcoins are already born-digital and can be bought from services on mobile phones, an ATM makes it easy to exchange bills on hand for bitcoins and vice versa.

“Our entrance into the Los Angeles area is the most important yet for both the Coinsource brand and for bitcoin enthusiasts in Southern California,” says Coinsource CEO and Co-Founder Sheffield Clark. “The roll out of seven new machines in one go was a significant logistical achievement, but we are proud to bring so many more options for both novices and veterans of bitcoin. With more and more use-cases for bitcoin every day, we foresee a future where digital currency is used as commonly as cash or credit cards.”

The ATM kiosks are manufactured by industry leader Genesis Coin Inc. and all Coinsource bitcoin ATMs are open late and offer the industry’s lowest fees. Rates start at 8% and reduce with higher volume purchases.

The Bitcoin ATM industry has been slow growing since the installation of the first ATM in Vancouver, Canada during 2013 from Nevada-based Robocoin Inc. The same company expanded into the U.S. during 2014 with installations in Washington and Texas. Since then, the bitcoin ATM industry has continued to post bitcoin ATM kiosks across the world.

According to Coin ATM Radar, a website that tracks the bitcoin ATM industry, there have been 648 machines installed in total globally with most of them in North America. Genesis Coin, the manufacturer of Coinsource’s ATM, is also the industry leader with 32 percent of all ATMs followed closely by Lamassu Inc., an industry early bird, at 24 percent. Robocoin, mentioned above, makes up only three percent.

Progress of ATMs has been slow but steady as the market figures itself out, and, of course, the bitcoin market itself is still somewhat niche.

For specific locations that Coinsource ATMs can be found in the U.S. the company has an ATM locator on its website.

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