Cash2Bitcoin
Cash2Bitcoin (LGST Services LLC) is a U.S. financial services company that operates 800+ Bitcoin ATMs across the United States, enabling retail consumers — particularly unbanked and cash-preference users — to purchase Bitcoin with cash, online debit, or via Green Dot cash load.
- Company typePrivate
- Founded2016
- HeadquartersPittsburg, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Cash2Bitcoin does
Cash2Bitcoin (legal entity LGST Services LLC, a Nevada Limited Liability Company) is a U.S.-domiciled, privately held financial services company founded in 2016 that operates a cryptocurrency purchase infrastructure centered on cash-to-Bitcoin conversion. The company's flagship asset is a network of more than 800 self-service Bitcoin ATMs hosted at convenience stores, gas stations, and smoke shops across the United States, the majority operating 24/7. Customers insert cash and receive Bitcoin directly to a wallet address without account registration, subject to a $50,000 daily purchase limit. The core technology stack comprises proprietary ATM kiosks, KYC/AML compliance infrastructure aligned with FinCEN BSA requirements (SARs, CTRs, OFAC screening), MSB and NMLS licensing, and mobile applications for ATM location and wallet management. Supporting products include Cash Load Transactions through a Green Dot Corporation cash-load integration, online debit-card purchases via a MoonPay partnership routed through Coinhub Exchange, and an OTC wire-transfer desk for high-volume transactions.
The business model is transaction-fee driven. Cash2Bitcoin charges variable markups on the spot price of Bitcoin — between 9.9% and 49.9% at ATMs depending on location, and 15% plus a retailer fee of up to $5 on Cash Load Transactions — supplemented by per-transaction flat processing fees of up to $1 (ATM) or up to $5 (Cash Load). A separate brand-licensing revenue stream is derived from LGST Services LLC licensing the Cash2Bitcoin mark to CHB Holdings LLC for the branded non-custodial wallet application. The customer base is composed primarily of unbanked and underbanked consumers, privacy-focused crypto buyers, and cash-preference users, with a secondary segment of high-volume investors served through the OTC desk. The organization is lean, with reported headcount of 1-10 employees, consistent with an asset-light operator model where retail hosts provide site locations.
Cash2Bitcoin firmographics
Firmographics- Name
- Cash2Bitcoin
- Legal name
- LGST Services LLC dba Cash2Bitcoin
- Website
- https://cash2bitcoin.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cash2Bitcoin (LGST Services LLC) is a U.S. financial services company that operates 800+ Bitcoin ATMs across the United States, enabling retail consumers — particularly unbanked and cash-preference users — to purchase Bitcoin with cash, online debit, or via Green Dot cash load.
- Ownership category
- akta.pro rank
Cash2Bitcoin industry classification
Industry- Product category
- Bitcoin ATM services
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- Cash-to-Digital Networks (PayNearMe, Barcode/Cash-in) (MPAEALAF), ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)
Keywords
Where Cash2Bitcoin is headquartered
LocationHeadquarters
- HQ city
- Pittsburg
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cash2Bitcoin business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Bitcoin Purchase Markups: Cash2Bitcoin charges a markup percentage on the spot price of Bitcoin for each transaction. Markups range from 9.9% to 49.9% depending on location for ATM transactions, and 15% for Cash Load Transactions. Additional flat fees apply per transaction.
- Processing Fees: Additional flat fees charged per transaction: up to $1 for ATM transactions and up to $5 for Cash Load Transactions. These fees are separate from the markup percentage.
- Brand Licensing: LSGT Services LLC licenses the Cash2Bitcoin brand name to CHB Holdings LLC for use with their Bitcoin Wallet application and may license to other partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Bitcoin ATM Transactions |
| Transaction based/ take rate | Pay-as-you-go | Cash Load Transactions |
| Transaction based/ take rate | Pay-as-you-go | OTC Wire Transfers |
| Other | Pay-as-you-go | VIP/Discount Programs |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
Cash2Bitcoin product offering
Product offeringCore offering
Cash2Bitcoin operates a U.S.-wide network of 800+ self-service Bitcoin ATMs that allow consumers to buy Bitcoin with cash in person. The company complements the physical ATM channel with an online debit-card Bitcoin purchase flow, an over-the-counter wire-transfer desk for larger orders, and a Cash Load product that converts cash deposits at affiliated retail agents into Bitcoin, together with a branded non-custodial Bitcoin wallet mobile app and an ATM-locator mobile app.
Product overview
Cash2Bitcoin operates a cryptocurrency purchase platform consisting of Bitcoin ATMs (800+ locations nationwide, many open 24/7), an online purchase option via Coinhub Exchange for debit card transactions, an OTC desk for high-volume institutional transactions, and a cash load transaction service enabling cryptocurrency purchases through retailer cash deposits via Green Dot. The company also offers mobile applications for ATM location finding and cryptocurrency wallet management. The core offering centers on providing easy access to Bitcoin purchasing without the friction of traditional exchanges.
Differentiator
Problem solved
Functional benefit
Brands
- Cash2Bitcoin Bitcoin Wallet: Non-custodial cryptocurrency wallet application licensed to CHB Holdings LLC, allowing users to create their own wallets which only the user controls and has sole access to.
Products and services
- Bitcoin ATM Self-service physical kiosk that accepts U.S. cash and dispenses Bitcoin to a buyer-supplied wallet address; available at over 800 locations across the United States and targeted at walk-in consumers who want to acquire Bitcoin with cash without creating a custodial exchange account.
- Buy Bitcoin Online Website-based Bitcoin purchase flow that accepts debit-card funding from U.S. consumers and settles BTC to a buyer-supplied wallet; positioned as the online alternative to walking up to a physical ATM for buyers who already have a bank card.
- OTC Wire Transfer Over-the-counter Bitcoin purchase service for buyers who wire U.S. dollars and receive BTC through a desk-mediated workflow; intended for larger orders than the ATM and Cash Load channels can practically settle, with personalized quotes supplied by the desk.
- Cash Load Transaction Bitcoin purchase channel in which a consumer deposits cash at an affiliated retail-money agent location (Green Dot network and partner agents) and the corresponding Bitcoin is delivered to a buyer-supplied wallet; functions as a cash-to-Bitcoin path for users who are not near an ATM.
- Cash2Bitcoin Bitcoin Wallet Non-custodial Bitcoin wallet mobile application that lets consumers store, send, and receive BTC under their own custody; functions as the receiving wallet destination for purchases initiated at the ATM, online, Cash Load, or OTC channels.
- ATM Locator Mobile App Mobile application that surfaces nearby Cash2Bitcoin ATM locations, supported cryptocurrencies, and fee information to help consumers find the closest kiosk before traveling.
Quantifiable outcome
- 800+ Bitcoin ATM locations nationwide
- +3 more outcomes
Companies that use Cash2Bitcoin
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Cash2Bitcoin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Cash2Bitcoin partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Green Dot CorporationcoreGreen Dot Corporation (NMLS #914924; Green Dot Bank NMLS #908739) provides the cash load functionality for Cash2Bitcoin Cash Load Transactions. Users scan a barcode at Green Dot partner retailers and hand over cash, which is then used to purchase cryptocurrency through Cash2Bitcoin. Green Dot is solely responsible for the cash load portion of the transaction.
- MoonPaycoreMoonPay Inc. is a US-licensed partner providing online cryptocurrency purchase services accessible to registered users on Cash2Bitcoin's desktop and mobile platforms. MoonPay enables instant Bitcoin purchases using debit cards. Cash2Bitcoin acts as a marketing partner promoting MoonPay services.
- CHB Holdings LLCcoreCHB Holdings LLC licenses the Cash2Bitcoin brand name for their Bitcoin Wallet application, a non-custodial wallet that allows users to create wallets they control. The wallet is developed based on a white-label arrangement with Edge Wallet. LSGT Services LLC operates its Cash Load Transaction service within this app.
- EdgecoreEdge is the creator and developer of the underlying technology and infrastructure that powers the Cash2Bitcoin Bitcoin Wallet application provided by CHB Holdings LLC. Edge provides the technical foundation for the white-labeled non-custodial wallet.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Cash2Bitcoin competitors and assessment
Company assessmentDirect peers
- RockItCoin: US-based Bitcoin ATM operator with hundreds of kiosks in retail locations. Directly comparable business model targeting cash-preferring crypto buyers.
- Bitcoin Depot: Largest Bitcoin ATM operator in North America with thousands of kiosks. Direct competitor in cash-to-Bitcoin transactions across the same US retail venues.
- Coinhub: Bitcoin ATM operator that explicitly powers Cash2Bitcoin's online exchange (Coinhub Exchange) and shares the kiosk infrastructure platform. Closely entangled competitor/operator.
- DigitalMint: Bitcoin ATM operator and OTC desk with a focus on compliance and high-touch customer service. Competes for the same cash-to-crypto and OTC use cases.
- CoinFlip: Major Bitcoin ATM operator with extensive US kiosk footprint and an online platform. Competes directly on convenience store and gas station placement.
- Pelicoin: Regional Bitcoin ATM operator with a kiosk network primarily in the US South and Midwest. Comparable self-service cash-to-Bitcoin offering.
- Athena Bitcoin: Operates Bitcoin ATMs across the US with focus on retail locations and self-service kiosks. Overlapping customer base and transaction model.
- CoinFlip / BTC ATM: Aggregator and operator of Bitcoin ATMs across North America. Direct competitor in the cash-to-crypto retail channel.
Broad incumbents
- Coinbase: Largest US-based cryptocurrency exchange. While not an ATM operator, it competes for the same retail crypto-buyer customers with significantly lower spreads.
- Cash App (Block): Consumer fintech app that enables Bitcoin purchases with a streamlined mobile experience. Represents the long-term digital alternative to physical ATM access.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Cash2Bitcoin social profiles
Digital presenceCash2Bitcoin compliance and trust
Trust signalCompliance2 records
Cash2Bitcoin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cash2Bitcoin leadership team
Management profileNumber of profiles
Profiles1 record
Cash2Bitcoin subsidiaries and ownership
Company hierarchySubsidiaries2 records
Cash2Bitcoin funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cash2Bitcoin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cash2Bitcoin
What does Cash2Bitcoin do?
Cash2Bitcoin operates a U.S.-wide network of 800+ self-service Bitcoin ATMs that allow consumers to buy Bitcoin with cash in person. The company complements the physical ATM channel with an online debit-card Bitcoin purchase flow, an over-the-counter wire-transfer desk for larger orders, and a Cash Load product that converts cash deposits at affiliated retail agents into Bitcoin, together with a branded non-custodial Bitcoin wallet mobile app and an ATM-locator mobile app.
Is Cash2Bitcoin a public or private company?
Cash2Bitcoin is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cash2Bitcoin founded?
Cash2Bitcoin was founded in 2016. It employs 1 to 10 people.
Where is Cash2Bitcoin based?
Cash2Bitcoin is headquartered in Pittsburg, United States, in the North America region.
How does Cash2Bitcoin make money?
Three revenue lines are on record. Bitcoin Purchase Markups are the primary driver. The others are processing Fees and brand Licensing.
Who are Cash2Bitcoin's main competitors?
Direct peers on record are RockItCoin, Bitcoin Depot, Coinhub, DigitalMint, CoinFlip, Pelicoin, Athena Bitcoin and CoinFlip / BTC ATM. Broad incumbents are Coinbase and Cash App (Block).
Does Cash2Bitcoin have an API?
No public API is recorded for Cash2Bitcoin.
What industry is Cash2Bitcoin in?
Cash2Bitcoin's product category is Bitcoin ATM services. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of MPAEALAF, Cash-to-Digital Networks (PayNearMe, Barcode/Cash-in). Its SIC code is 6200.