Coinflip offers easy access to cryptocurrency to everyone. It aims to extend access to buy and sell cryptocurrency in a user-friendly and convenient manner. You might have heard about cryptocurrency at some point as a lucrative investment opportunity. But the buy and sell process was quite vague and hectic to follow. Coinflip is established with the mission to offer this ease so that every person gets a fair chance to buy and sell cryptocurrency and try their luck.
Services of Coinflip
Coinflip offers many services that facilitate convenient dealing in cryptocurrency and boost your investment opportunity. The services they offer include:
- Buy or Sell Bitcoin with Cash: Coinflip offers a network of ATMs specially designed for bitcoins. You can buy and sell bitcoins on a cash basis through these ATMs at your convenience. These ATMs are located in various locations to facilitate customers.
- Buy or Sell bitcoin via wire transfer or instant bank transfer: Coinflip welcomes you to become an official member of the Trade desk to deal in bitcoins with bank and wire transfers offering you the ultimate convenience of dealing directly in plastic money. You can get personalized service from professional staff members. They facilitate you with the same-day settlement of cash to bitcoin to save you from waiting for a holding period.
- Buy bitcoin with a debit or credit card: Coinflip offers easy access to bitcoins by using a debit or credit card.
- Coinflip merchandise store: You can buy all relevant gear and swag from the Coinflip merchandise store. The store offers products for both men and women. You can even find outwear and cool accessories.
How to use ATMs?
There will be hardly a person who doesn’t know how to use an ATM. But the crypto-ATMs are a bit different than traditional ATMs.
Let us see how to use these Coinflip ATMs to buy and sell cryptocurrency. To buy, you have to select the currency you are interested in on the ATM screen and press the ‘buy’ button. The terminal will question you about the quantity you are interested in buying. Here you have to enter the quantity in terms of USD. Afterward, you will have to scan your public key, and then notify you to add dollar bills. You can insert the required amount in dollar bills and then again tap the ‘buy (name of cryptocurrency)’ button. The transaction will be completed and the crypto will be transferred to your wallet instantly.
To sell, you have to select the currency and amount in USD. Afterward, you will scan your public key which will generate a redeemable voucher. You need to wait for network verification and after that, you can visit the ATM again, press the ‘redeem ticket’ button and scan the voucher. You will receive your cash within a few seconds.
Coinflip Fees
For this exceptional and convenient service, Coinflip charges a suitable and affordable fee. The transaction fee lies between 6.9% to 12.9%. They also charge a network fee to reflect the wait at blockchains. The network fee is 1.99$ but can vary based on the currency being bought.
