Bitcoin News

Coinme and Coinstar give Bitcoin a boost Stateside

Seattle. 22nd May 2019 – Bitcoin ATM operator Coinme has rolled out its BTC purchasing option to 21 US states and the District of Columbia.

People can now buy the digital currency with cash, by visiting a kiosk located inside such retailers as Albertsons, Jewel, Safeway, Shaw’s and Save Mart. There are now more than 2,200 kiosks via Coinme’s partnership with Coinstar.

Bitcoin and other digital currencies offer unique benefits to consumers, including the potential for more cost-effective and faster remittances to family and friends,” says Neil Bergquist, Co-founder, and CEO. “We’re thrilled to team up with Coinstar to make Bitcoin more accessible to consumers than ever before and offer a key component for the new digital currency economy.”

Users can convert up to $2,500 to Bitcoin using a Coinme account. Trades are subject to a flat 4% fee. Currently supported cities include Boston, Chicago, Dallas-Fort Worth, Houston, Los Angeles, Philadelphia, San Diego, Seattle and Washington D.C.

There are just four simple steps to purchase Bitcoin at a Coinstar kiosk, powered by Coinme:

1.  Go to a select Coinstar kiosk, touch “Buy Bitcoin”, review and accept the transaction terms, and enter your phone number.
2.  Insert US paper money into the cash acceptor (any amount up to $2,500).
3.  Receive a voucher with a Bitcoin redemption code.
4.  Visit www.coinme.com/redeem to create a Coinme account or sign in to your existing account to claim your Bitcoin.

For a step-by-step demo video, visit https://bit.ly/2VNrjUd.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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