Bitcoin Atm Send Money
CoinFlip ATMs
CoinFlip Bitcoin ATMs are physical machines located in businesses that allow you to buy or sell bitcoin and other cryptocurrencies with cash.
Is Bitcoin Better for Sending Money than PayPal, Venmo, and Zelle? Although the world has been on a sort of pause due to the pandemic, a quiet debate has gone on in payment processing circles for the last 6 to 9 months regarding whether PayPal, and other services like it, are truly safe ways to transfer money to family, friends and vendors. Bitcoin ATMs are these cool machines that allow you to buy (and sell) Bitcoin using cash or debit card. A Bitcoin ATM needs an Internet connection to make the Bitcoin transaction. Close to 40% of all Bitcoin ATMs today are two-way (buy and sell), and about 60% are one way (buy only). Generally, these are very much like standard ATMs.
It's actually quite simple.
To buy crypto, select the currency you'd like to purchase on the screen, and then press 'BUY'. The terminal will ask you the quantity of crypto (in USD) you'd like to purchase. From there, scan your wallet QR code (public key) using the ATM's scanner, and insert bills until you've reached the exact amount of crypto you want to purchase. Then hit the 'Buy Bitcoin' or 'Buy Altcoins' button on the bottom right of the screen and you're all done! The transaction will immediately broadcast to its respective network and you'll see the crypto en route to your wallet.
To sell crypto, press the BTC or LTC button on the screen, and then press 'SELL'. The terminal will ask you how much cash you'd like to withdraw. From there, select how much cash you want using the $20 and $100 increment buttons ($50s may be available at select terminals). After that, the machine will print a redeemable voucher with a public key QR code on it, and will also tell you how much crypto you'll need to send to that address. Once you broadcast the transaction, you'll need to wait for 1 network confirmation before you can actually withdraw your cash. When it confirms, go back to the terminal and select the 'Redeem Ticket' button, and scan your voucher. After a few seconds, your cash will be dispensed!
To buy crypto, select the currency you'd like to purchase on the screen, and then press 'BUY'. The terminal will ask you the quantity of crypto (in USD) you'd like to purchase. From there, scan your wallet QR code (public key) using the ATM's scanner, and insert bills until you've reached the exact amount of crypto you want to purchase. Then hit the 'Buy Bitcoin' or 'Buy Altcoins' button on the bottom right of the screen and you're all done! The transaction will immediately broadcast to its respective network and you'll see the crypto en route to your wallet.
To sell crypto, press the BTC or LTC button on the screen, and then press 'SELL'. The terminal will ask you how much cash you'd like to withdraw. From there, select how much cash you want using the $20 and $100 increment buttons ($50s may be available at select terminals). After that, the machine will print a redeemable voucher with a public key QR code on it, and will also tell you how much crypto you'll need to send to that address. Once you broadcast the transaction, you'll need to wait for 1 network confirmation before you can actually withdraw your cash. When it confirms, go back to the terminal and select the 'Redeem Ticket' button, and scan your voucher. After a few seconds, your cash will be dispensed!
The rate for BTC at our ATMs is 6.99% above the Tradeblock XBX index spot price for buys, and 4.99% below for sells. In some locations, our fees may be even lower due to fewer operational expenses. Our standard flat fee to cover the mining cost is $0.99, but in times of high demand, we may raise this fee in order to ensure timely processing of your transaction. For all altcoins, the base price is calculated using CoinMarketCap. We offer the most competitive fees in the whole nation!
Update regarding Ethereum (ETH) on September 1st, 2020: Due to rising gas fees, the flat fee of $0.99 will be changed to $3.99 and the minimum transaction size will now be $20. This is only applicable for Ethereum transactions.
Update regarding Ethereum (ETH) on September 1st, 2020: Due to rising gas fees, the flat fee of $0.99 will be changed to $3.99 and the minimum transaction size will now be $20. This is only applicable for Ethereum transactions.
CoinFlip has a growing network of over 1100+ locations nationwide. You can use our locator to find your nearest bitcoin ATM and start buying bitcoin now.
CoinFlip Bitcoin ATMs has the lowest fees. We charge 6.99% over the spot price (almost twice as low as the industry standard) and offer a price-matching program to ensure that our fees stay the lowest.
What other coins can I buy or sell at a CoinFlip Bitcoin ATM?
We sell Litecoin (LTC), Ethereum (ETH), Dash (DASH), Binance Coin (BNB), Chainlink (LINK), Stellar (XLM), USD Coin (USDC), and Dogecoin (DOGE) at all ATMs, and also buy Litecoin (cash out) at our two-way ATMs. We can also trade all of these cryptocurrencies via wire transfer, and we offer even more crypto options via our debit/credit card option.
Can I use my credit or debit card at a CoinFlip ATM?
Our ATMs currently only accept cash. If you want to buy with a credit or debit card you can do so here.
After pressing “Buy Now” at the ATM, transactions are sent within 3 minutes.
I have an address in text format on my phone. Can I enter it manually into your ATM?
Our ATMs do not support manual entry of addresses. The easiest way around this is to visit your favorite block explorer, such as blockchain.info, and paste your address into it. The website will generate a QR code for your address that you can then scan at the ATM.
Registration is necessary depending on how much crypto you're looking to buy or sell. For amounts up to $900 USD, you'll have to input your cell phone number and first/last name. You will also need to type your first and last name on the ATM's screen. For amounts between $901 and $2995 USD, registration is required. The machine will ask you to put your state-issued ID up to the camera, and then to take a selfie in front of the camera. Once registered, you will not have to register again. CoinFlip also offers a $16,000 limit to customers who undergo the company's enhanced verification procedures. For more information, please call us at (773)-800-0106.
Bitcoin Atm Send Money
Bitcoin Atm Near Me To Send Money
CoinFlip is always looking to expand our network of ATMs. You can earn passive income and more foot traffic by hosting a CoinFlip ATM! See our hosting page here to learn more.