It wasn't too long ago where investors who wanted to purchase Bitcoin with cash would have to use questionable channels that left their financial and personal security at risk. Many Bitcoin entrepreneurs wanted the option of using online platforms to pursue various global transactions, and therefore favored using cash for cryptocurrency purchases because it offers the investor a high degree of anonymity. However, engaging in hand-to-hand cash deals could be challenging, time-consuming, and unreliable.
Fortunately, we have a new, simple, and safe resource for investors who would prefer to purchase cryptocurrencies on a cash basis: Bitcoin ATM terminals.
CoinFlip Bitcoin ATM terminals are convenient, easy-to-use, and above all, safe and secure. Here is what you need to know about how to buy Bitcoin with cash with CoinFlip Bitcoin ATMs.
- Choose the cryptocurrency you want to buy. While most investors prefer Bitcoin, CoinFlip ATMs also offer alternative cryptocurrencies. We sell Binance Coin, Dash, Tron, Litecoin, and more using our intuitive and secure kiosks.
- Choose the amount of currency you want to buy. CoinFlip ATMs allow cash purchases as low as $5 for non-Bitcoin currencies (the minimum Bitcoin purchase is $10). CoinFlip Bitcoin terminals accept all denominations above $1.
- Provide your Bitcoin wallet QR code. Bitcoin wallet addresses cannot be entered manually – the details must be in QR code form in order for the terminal to scan the address, receive your cash and complete the transaction.
For purchases totaling $900 or less, CoinFlip ATMs require only a name and a phone number. Transactions in excess of $900 and up to $3000 require the user to provide a current state ID, and to take a picture using the ATM camera. Transactions over $3,000 require the purchaser to provide a Social Security Number and to submit additional validating information. The maximum daily limit is $8,000.
CoinFlip Bitcoin ATM terminals are the safest and easiest solutions for cash cryptocurrency investments. To locate the most convenient Bitcoin ATM, please visit our home page for kiosks throughout the U.S.
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