Do I have to create an account with ATM Coiners before using a Bitcoin ATM?
Yes. ATM Coiners is nationally licensed and federally regulated which requires proper ID verification of our customers. We do not share or sell any information whatsoever to 3rd parties.
How do I create an account with ATM Coiners?
In order to create an account with ATM Coiners, you’ll simply need your cell phone and your government-issued State ID or Driver License. (We do not accept foreign ID’s, City ID’s or Passports at this time.)
To begin, simply fill out our enrollment form starting with your phone number, you will receive a six-digit confirmation code via text message, this just confirms that the phone number you entered is yours and that you have access to the confirmation code to proceed.
Next, we will ask for a few photos to confirm your identity in order to comply with all state and federal banking regulations which are required for all operators by law. Don’t worry, all of your information is 100% private and will never be shared or sold to any third-parties, ever.
The first photo we will need is of the front of your State ID card. Please make sure there aren’t any glares or obstructions like thumb or finger in the photo. This makes it easier for photos to be accepted. Simply tap the ‘Take a Photo’ tab and your phone’s camera will prompt you to take a picture. Once you have a clear, glare and obstruction-free photo, tap ‘Next’.
The second photo we need will be of the back of your ID. The third and final photo for the Enrollment Form is a self-portrait, or “selfie”. Please do not use any filters as they will not be accepted.
And that’s it! In just a short time you will receive a confirmation text message telling you your account has been processed and approved and that you are able to proceed with transacting at any ATM Coiners Bitcoin ATM in the country.
Can I purchase bitcoin through ATM Coiners with a debit card or credit card?
No, ATM Coiners machines only accept U.S. cash to complete a transaction. The smallest denomination the machines accept is a $5 bill.
How much bitcoin can I buy through ATM Coiners?
You can transact as little as $5 and as much as $5,000 per day from an ATM Coiners ATM.
How can I store my bitcoin?
Before buying Bitcoin, you’ll need to have a Bitcoin wallet. A wallet stores the necessary information needed to handle your Bitcoin. Often described as a place to hold or store digital currency, Bitcoin wallets are essentially a means to store your digital credentials for your Bitcoin and allows you access to them.
Should I send bitcoin, or any currency, to someone asking for it?
No. Unfortunately, there will always be examples of bad people taking advantage of good things. Given the nature of privacy that comes along with cryptocurrencies, scammers will do whatever it takes to trick people into sending funds to them, and with cryptocurrencies, it’s nearly impossible to identify someone solely from their wallet address.
When sending funds to anyone, always use your best judgment and never forget that if something sounds “too good to be true”, it most likely is.
If you wouldn’t feel comfortable sending an envelope of cash to a complete stranger’s P.O. Box, do NOT send Bitcoin or any other cryptocurrency to them either. Once a you send cryptocurrency, you cannot stop, cancel, or reverse the transaction. Please have 100% confidence in the identity of any recipient you intend to transfer funds to.
What is bitcoin?
Bitcoin is a form of digital currency and is not actually a physical coin. The value of a bitcoin fluctuates, and you can purchase fractions of a bitcoin without having to purchase an entire bitcoin. Currently, bitcoins are primarily used for online purchases and transfers as they are more liquid than physical currency (with lower transaction costs). There are thousands of online retailers that accept bitcoin with the number growing daily. Bitcoin is “The Internet of Money.”
What is blockchain?
All cryptocurrency transactions are stored in a public ledger called the blockchain. It’s not maintained by any individual authority, but rather by a network of communicating nodes and miners running open-source software. Transactions are sent to this network using readily available software applications, such as wallet apps, and as transactions are verified, they get added to the blockchain, or ledger, and then forwarded to other nodes. The blockchain is a distributed database, meaning each network node verifies and stores its own copy of the blockchain.
Sending Bitcoin – Scam Alert
ATM Coiners will never reach out to you and ask you to send Bitcoin. If you have been contacted by someone claiming to be with ATM Coiners please reach out to our Support Team immediately. Do not send Bitcoin to unknown 3rd parties. Bitcoin transactions cannot be reversed, stopped, or rerouted.
If you have any questions or concerns you can contact our Support team at 1-833-451-0105 or email firstname.lastname@example.org