COINFLIP-1234860733012

⭐Features	Details
⭐Exchange Name	COINFLIP
⭐Founded in	2015
⭐Registered in	United States
⭐Cryoptocurrencies	40+
⭐Trading Fees	Vary depending on different services
⭐24-hour trading volume	$10 million
⭐Customer Support	Phone, Email, Social Media

What is COINFLIP？

CoinFlip, a

cryptocurrency

ATM operator venturing into exchange services. While not as renowned as major exchanges, it offers unique features—spot and margin trading, staking. CoinFlip isn't the typical exchange; it's a Bitcoin ATM provider with online trading and card options via Simplex. Plus, it's accessible across 20,000+ US and Canada locations.

Pros and cons

COINFLIP excels in these areas:

• Getting users' your back with a range of payment methods.

• Multiple trading features offered, like spot and margin trading, along with staking opportunities.

• Users can easily get hold of cryptocurrencies using their ATMs.

• Regulated by NMLS, ensuring a regulated trading environment.

COINFLIP lacks these areas:

• This exchange's primary focus is on the American and Canadian markets.

• Offering a limited selection of coins, only 40.

• Not as well-known as other established exchanges.

Pros	Cons
Regulated exchange	Primarily focus on the America and Canada Markets
Can buy cryptos via ATMs	Limited coins listed
Various payment methods	Not famous as many other established exchange
Multilple trading features offered, spot and margin trading, staking.

Regulatory Authority

COINFLIP is subject to regulation by two regulatory agencies. The first agency is the Nationwide Multistate Licensing System (NMLS), with a regulation number of 1975146. The exchange is regulated and holds the MTL License under the name GPD Holdings LLC.

The second regulatory agency is the Financial Crimes Enforcement Network (FinCEN), with a regulation number of 31000172544936. However, it's worth noting that COINFLIP has exceeded the regulation status requirement set by FinCEN. The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.

Security

Here are some of the security measures applied for CoinFlip:

• Two-factor authentication (2FA): CoinFlip requires users to enable 2FA for their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password when logging in.

• Cold storage: CoinFlip stores most of its users' funds in cold storage, which means that they are offline and not connected to the internet. This makes them less vulnerable to cyberattacks.

• SSL encryption: CoinFlip uses SSL encryption to protect all sensitive data transmitted between its servers and users' browsers. This helps to prevent hackers from intercepting and stealing data.

Trading Markets

CoinFlip provides a variety of trading products leveraging blockchain technology for a secure and inclusive financial experience. Through its Olliv digital platform, over-the-counter Order Desk, and network of ATMs, users can easily purchase bitcoin and other cryptocurrencies using cash. This approach ensures accessibility and convenience, particularly for individuals who prefer cash transactions. Overall, CoinFlip's blockchain-based trading products create a user-friendly and supportive environment for those seeking diverse cryptocurrency trading options.

Cryptocurrencies available

CoinFlip currently lists over 40 cryptocurrencies. The exchange has been adding new coins at a relatively slow pace in recent months. In the past 6 months, CoinFlip has added only 5 new coins.

Other Services

CoinFlip provides diverse services to enhance the cryptocurrency experience:

1. Cash Transactions:

Easily buy or sell Bitcoin with cash through CoinFlip's extensive Bitcoin ATM network, offering a convenient option for those preferring cash transactions.

2. Order Desk:

Ensuring security and personalized service, CoinFlip's Order Desk facilitates secure buying and selling of cryptocurrencies, supported by a dedicated team.

3. Debit Card Transactions:

Streamlining the process, CoinFlip allows users to buy Bitcoin swiftly using a debit card, offering a quick and accessible option for expanding cryptocurrency portfolios.

4. Wallet Guidance:

CoinFlip guides users on the importance of self-custodial wallets, providing assistance on downloading and using them at CoinFlip ATMs, empowering users with control over their private keys.

5. Crypto Experience Center:

Offering an in-person connection with Crypto Guides, the Crypto Experience Center serves as a hub for questions, guidance, and even swag, creating a supportive environment for users to explore and engage with digital assets.

How to open an account？

The registration process of COINFLIP can be broken down into the following steps:

1. Visit the COINFLIP website and click on the “Get Started” button. This will redirect you to the registration page.

2. Fill in the required information, including your email address and password. Make sure to choose a strong password to enhance the security of your account.

3. Agree to the terms and conditions, privacy policy, and any other applicable agreements provided by COINFLIP.

4. Complete the verification process. This may involve providing personal identification documents and proof of address to comply with regulatory requirements.

5. Once your account is verified and approved, you will receive a confirmation email. Click on the link provided in the email to activate your account.

6. Log in to your COINFLIP account using your registered email address and password. You are now ready to start trading virtual currencies on the COINFLIP platform.

How to Buy Cryptos？

Purchasing cryptocurrency through CoinFlip is a user-friendly process:

1. Currency Selection:

Start by choosing the cryptocurrency you wish to buy on the terminal screen. Press the “BUY” button to initiate the purchase process.

2. Quantity Input:

The terminal will prompt you to specify the quantity of crypto you want to purchase in USD. Enter the desired amount to proceed.

3. Wallet QR Code Scan:

Scan your wallet's QR code (public key) using the ATM's scanner. This ensures that the purchased crypto is directed to your intended wallet.

4. Cash Insertion:

Insert bills into the ATM until you've reached the exact amount of crypto you want to purchase.

5. Confirmation and Completion:

Once the required amount is reached, press the “Buy Bitcoin” or “Buy Altcoins” button located at the bottom right of the screen to confirm the transaction. Your purchase will be immediately broadcast to the respective cryptocurrency network.

6. Transaction Confirmation:

You'll receive confirmation that the transaction is underway, and you can monitor the cryptocurrency as it travels to your wallet. The process is efficient, allowing you to securely acquire digital assets through the CoinFlip ATM.

Fees

In a different approach, CoinFlip avoids maker-taker fees and sets specific fee ranges for its services.

ATM Fees

When you buy crypto at CoinFlip Bitcoin ATMs, they add a fee of 15.99% to the regular price of the crypto. This fee goes to CoinFlip and is calculated based on their own price index. If you have a discount code, it takes money off this CoinFlip fee. On top of this, CoinFlip also includes a changing network fee, which covers the cost of using blockchain to process your transaction. Usually, this network fee is $2.49, but it might be higher depending on the type of crypto you're buying and how busy blockchain is.

Cryptocurrencies that can be purchased at a CoinFlip Bitcoin ATM:Bitcoin (BTC)

• Litecoin (LTC)

• Ethereum (ETH)

• Dogecoin (DOGE)

• Aave (AAVE)

• Stellar Lumens (XLM)

• Chainlink (LINK)

• USD Coin (USDC)

• PAX Gold (PAXG)

Cryptocurrencies that can be sold at a CoinFlip Bitcoin ATM that facilitates selling:

• Bitcoin (BTC)

• Litecoin (LTC)

Online Crypto Purchase with Card Fees

When purchasing online, the total fees sum up to 5.98%. Here's the breakdown: CoinFlip's transaction fee is 2.99%. Likewise, Simplex, the service used, also adds a 2.99% fee, with a minimum of $5. Remember, these extra charges come on top of the displayed rate during checkout.

Trade Desk Fees

For CoinFlip Trade Desk, fees vary from 0.5% to 4% based on the transaction size. Bigger trades and high monthly volume can substantially lower fees.

Deposit & Withdrawal

CoinFlip offers multiple deposit options. You can use credit cards on their website via Simplex. Alternatively, deposit paper cash using their Bitcoin ATMs. Transactions are fast; pressing “Buy Now” at the ATM sends your transaction within 3 minutes.

Here is a video showing how to buy coins through ATMs step by step for your reference:

For withdrawals, CoinFlip charges a fixed mining fee of USD 0.99.

Customer Support

COINFLIP offers round-the-clock customer support. You can contact them via phone at 877-757-2646 or email support@coinflip.tech. They also provide assistance through support tickets. Additionally, you'll find them active on various social media platforms such as Facebook, Instagram, Linkedin, Youtube, TikTok, and more.

Is COINFLIP a Good Exchange for You？

CoinFlip stands out as the best exchange for traders who love to buy cryptocurrencies through ATMs. With a widespread network of Bitcoin ATMs, CoinFlip provides a convenient and accessible way for users to purchase digital assets using cash. This makes it an ideal platform for individuals who prefer the ease and familiarity of in-person transactions facilitated by ATMs. CoinFlip's focus on this method of cryptocurrency acquisition caters specifically to traders who value the simplicity and immediacy of purchasing digital currencies through physical terminals.

COINFLIP may be a good exchaneg for traders in the following types:

• Traders who love to buy cryptocurrencies through ATMs.

• Traders who are reside in the United States and Canada.

• Traders who pursue a well-regulated trading environment.

Compare with other exchanges

Features
Trading Fees	Not taker and maker fee model	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	40+	500+	11	200+
Regulation	NMLS, FinCEN ( Exceeded)	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

User Reviews

August 10, 2023

James Thompson

“COINFLIP's

crypto exchange

is a solid choice. The user-friendly interface makes trading a breeze. They've got a bunch of cryptocurrencies to choose from, which I love. Customer support's been clutch, quick replies whenever I had questions. But, gotta say, the trading fees felt a tad high, could be better. On the flip side, deposit and withdrawal speeds are lightning-fast, major thumbs up. And privacy-wise, I'm content, seems like they take data protection seriously. Overall, a reliable exchange for my crypto adventures.”

July 25, 2023

Mark Walker

“COINFLIP's been my go-to for a while now. Interface-wise, it's smooth sailing. Got a decent range of cryptocurrencies, ticked all the boxes for me. Customer support？ Oh yeah, prompt and helpful. But, here's the kicker – their security measures are impressive, top-notch peace of mind. Liquidity-wise, never had issues, trades flow smoothly. I do wish they'd lower the trading fees a smidge though. Deposit and withdrawal speeds are like Formula 1 pit stops, super quick. To sum it up, COINFLIP's my crypto safe haven.”

Conclusion

To sum up, COINFLIP is a regulated exchange primarily focused on the US and Canada. While they offer limited coins, you can buy cryptos via ATMs and various payment methods. They stand out for multiple trading features, though not as famous as some exchanges.

FAQs

Q: What is CoinFlip？

A: CoinFlip is the leading Bitcoin ATM operator in the world with 24/7 customer support and low fees. CoinFlip also supports debit card purchases online through its Olliv digital platform.

Q: What services does CoinFlip offer？

A: CoinFlip currently offer three different services: CoinFlip Bitcoin ATMs for cash transactions, an over-the-counter Order Desk for instant bank transfer, wire or ACH transactions, and an online option for buying cryptocurrency with debit cards.

Q: What is the minimum purchase amount at an ATM？

A: Purchase minimums vary from coin to coin, starting at $5, with the minimum purchase for Ethereum being $20.

Q: Can I use my debit card at a CoinFlip ATM？

A: ATMs currently only accept cash. If you want to buy with a debit card you can do so using Olliv, a CoinFlip platform that allows you to purchase bitcoin and other cryptocurrencies with a debit card.

Q: How long does it take to receive my Bitcoin？

A: After pressing “Buy Now” at the ATM, transactions are sent within 3 minutes.

Risk Warning

Cryotocurrency trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.