How To Buy And Sell Bitcoin On Coinflip ATM In 5 Easy Steps

Considering the rise in popularity of cryptocurrency in the last few years, it was only a matter of time before the emergence of crypto ATMs, and now they’re here.

Functioning very much like a regular ATM, crypto ATMs serve as a physical exchange so users can buy and sell crypto with cash. The transactions are not connected to any financial institutions and are fully decentralized. This lets users get easier access to their cryptocurrencies. It normalizes the use of decentralized currency in the real world.

The very first crypto ATM was opened on October 29, 2013, at the Waves Coffee Shop in Vancouver, Canada. Since then, more and more providers have come out, enabling people to exchange their fiat currency into cryptos and vice versa.

But which one should you use? Here’s what you need to know about Coinflip, as well as how to buy and sell Bitcoin on Coinflip ATMs.

How to Buy and Sell Bitcoin on Coinflip ATM

Launched in 2016, Coinflip is one of the leading crypto exchanges in America. Famous for its Bitcoin ATMs all over the country, Coinflip lets users purchase Bitcoin and other types of crypto for cash.

Here’s how you can use their ATMs in five easy steps:

How to Buy Bitcoin at Coinflip ATM

Step 1: Find Nearest Bitcoin ATM – Currently, there are about 2,700 Coinflip ATMs all across the United States. To find the nearest one in your area, check Coinflip’s online ATM locator.

Step 2: Accept Terms and Conditions – After you have successfully found a crypto ATM, it will present a very detailed service term, warning you against participating in any scams. It will also tell you to be mindful and that Coinflip’s customer hotline is always available should you need any help.

Step 3: Enter Information – Input any required information. If your transaction is less than $900, you will only need your name and phone number. However, for transactions exceeding $900, additional identification like an ID is required.

Step 4: Scan Wallet Address – Scan the QR code address for your crypto wallet. If you don’t have one yet, you may read all about crypto wallets in Coinflip’s blog here.

Step 5: Insert Cash – Last but not least, insert your cash payment. The total amount of Bitcoin you will get will appear on the screen. The transaction fee is included in the price of the crypto you bought. And that’s it, you’re done!

How to Sell Bitcoin at Coinflip ATM

Step 1: Find Nearest Bitcoin ATM – Coinflip currently has over 2,700 ATMs all across the country. To find the nearest one in your area, head over to Coinflip’s online ATM locator.

Step 2: Accept Terms and Conditions - After you have found a crypto ATM, it will present very detailed service terms, warning you against participating in any scams. It will also tell you to be mindful and that Coinflip’s customer hotline is always available should you need help.

Step 3: Enter Information – enter the required information and sell limit. If you’re selling less than $900, the ATM will only ask for your name and phone number. Otherwise, it will require additional identification.

Step 4: Select Amount – Select the amount of Bitcoin you’d like to sell. Depending on the machine, you should be able to sell in increments of $20 or $100.

Step 5: Scan Wallet and Wait for Network Confirmation – Scan your crypto wallet’s QR code on the machine, wait for the network confirmation/authentication and get your cash.

Top Crypto Exchange

Coinflip is one of the leading crypto exchanges in the US. Beyond their easy-to-use ATMs, the company is also known for providing same-day settlements on all wire transactions, making it easier for people who use crypto and fiat currency.

Coinflip also lets users buy cryptocurrency with a debit/credit card or wire transfer.

The exchange also has a price matching offer, where users can get the best price among all competitors within a 10-mile radius from the ATM.

As for the fees, you are always assured that you’re getting the lowest ones. Coinflip’s ATM fees are:

• Purchasing crypto on Coinflip ATMs: 11.1%
• Selling crypto on Coinflip ATMs: 4.99%
• Fee for network miners on the blockchain: $1.99-$3.99 depending on network activity

As the world uses crypto more, it’s up to companies to adapt and provide better service to all their users. Luckily, Coinflip is here to make the transition from traditional ATMs to Bitcoin ATMs easier.

Click here to learn more about Coinflip.