No Regulation

Score

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/10

Coin ATM Radar

Switzerland

|

10-15 years

Suspicious Regulatory License|

Medium potential risk

https://coinatmradar.com/

Website

Rating Index
Influence

Influence

A

Influence Index NO.1

Dominica 4.71

Better than 98.50% exchange(s)

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Influence
A

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
Coin ATM Radar
Phone of the company
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Company website
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Customer Service Email Address
support@coinatmradar.com

WikiBit Risk Alerts

1
Previous Detection 2024-06-15

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Keywords

Time Machine

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User Reviews

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5 ratings

Participate in evaluation
Wingwing Ng
The trading platform of Coin ATM Radar is highly stable and offers a wide range of options based on various cryptocurrencies. However, its customer service needs improvement and can sometimes be frustrating.
2024-02-16 20:38
9
paul97327
The security and privacy protection of the Coin ATM Radar trading platform are good, but the withdrawal speed is sometimes a little slower, so I feel a bit conflicted.
2023-10-08 04:20
9
FX1130492669
Coin ATM Radar is a great platform, with fast transaction speed and low fees. Moreover, their customer service is excellent and always able to promptly resolve my issues.
2024-04-22 02:17
2
FX1147572742
Coin ATM Radar's interface is designed to be simple and easy to use, making it easier to find and use Bitcoin ATMs. Its customer service team is very responsible and responds quickly.
2023-11-29 10:03
6
FX1560230067
Coin ATM Radar - super! The technology and supported exchangers are simply top notch. Price volatility – A+. Good luck!
2023-09-21 18:08
8
Aspect Information
Company Name Coin ATM Radar
Registered Country/Area Switzerland
Founded year 5-10 years
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available 111
Fees 5.4% - 8.4%
Payment Methods Cash (fiat), Cryptocurrencies
Customer Support Online support, FAQ section

Overview of Coin ATM Radar

Coin ATM Radar has 5-10 years history in Switzerland. The company is unregulated. It is a user-friendly platform that provides information about cryptocurrency ATMs worldwide. While it doesn't offer leverage or direct trading, it helps users locate ATMs to buy or sell cryptocurrencies using cash or crypto. With fees ranging from 5.4% to 8.4%, the platform offers transparency on costs. It covers various cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), making it a versatile choice for those looking to use ATMs for crypto transactions.

Overview of Coin ATM Radar

Pros and cons

Pros Cons
Automated trading platform Prolonged customer support
User-friendly interface Limited availability
Exceptional liquidity Less extensive educational resources
Range of cryptocurrencies offered Unregulated

Pros:

Automated Trading Platform: Coin ATM Radar functions as an automated trading platform, streamlining the trading process and allowing users to execute transactions efficiently.

User-Friendly Interface: The platform boasts a user-friendly interface, enhancing the overall user experience. This ease of use can be particularly beneficial for both novice and experienced traders.

Exceptional Liquidity: Coin ATM Radar provides exceptional liquidity, ensuring that users can execute trades with minimal impact on market prices. High liquidity is advantageous for quick and efficient transactions.

Range of Cryptocurrencies Offered: The platform supports 111 cryptocurrencies, offering users the flexibility to trade and invest in various digital assets beyond just a few major ones.

Cons:

Prolonged Customer Support: Coin ATM Radar may experience prolonged customer support response times, which can be frustrating for users seeking assistance or resolution to issues in a timely manner.

Limited Availability: The availability of Coin ATM Radar may be limited, potentially restricting access for users in certain regions. Limited availability can hinder the platform's accessibility for a global user base.

Less Extensive Educational Resources: Coin ATM Radar may provide fewer educational resources, limiting the availability of learning materials for users who wish to enhance their knowledge about trading, cryptocurrencies, or the platform itself.

Unregulated: The platform's unregulated status raises concerns about user protection and adherence to industry standards. Regulation is often seen as a crucial factor in ensuring the security and integrity of a trading platform.

Regulatory Authority

Coin ATM Radar operates under no regulatory authority according to the latest information addressed on WikiBit.

Unregulated exchanges do not have the same level of oversight and accountability. This can pose risks for traders, as there may be a lack of safeguards in place to protect against fraudulent activities or market manipulation. Additionally, unregulated exchanges may not have proper mechanisms to handle disputes or provide recourse for users in case of issues or losses.

Security

Coin ATM Radar claims to security, employing various safeguards to shield user data. These precautions encompass data encryption using standard methods, secure server placement within a data center, restricted access limited to authorized personnel, and defense mechanisms against malware and cyber threats. The website also emphasizes user data protection through policies like a privacy policy outlining data collection and usage, data breach notifications, and data retention limits.

While Coin ATM Radar's security measures appear comprehensive, it's worth noting that no website can guarantee absolute security, leaving a residual risk of potential data breaches.

Cryptocurrencies Available

Coin ATM Radar stands as a versatile hub for cryptocurrency enthusiasts, offering access to a comprehensive range of 111 supported cryptocurrencies. Among the roster of digital assets, Coin ATM Radar prominently accommodates the likes of Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). This assortment caters to both established and emerging preferences. Additionally, the platform extends support to an array of other cryptocurrencies, including Aave (AAVE), Algorand (ALGO), Avalanche (AVAX), Cosmos (ATOM), and Monero (XMR). Coin ATM Radar's expansive selection caters to the diverse needs and strategies of traders, promising a comprehensive ecosystem for cryptocurrency exploration and engagement.

Cryptocurrencies Available

Services

Coin ATM Radar transcends its role as a mere Bitcoin ATM locator tool; it emerges as a robust platform empowering bitcoin machine operators to expand their influence and attract a broader customer base. For operators seeking to elevate their presence, Coin ATM Radar offers valuable services to strategically position machines and brands:

By becoming a Featured Operator, operators secure a competitive advantage with preferential search result and map placements, enhancing visibility and attracting potential customers. This feature allows them to showcase their brand, including logos, website links, and promotional materials, catering to specific demographics through tailored advertising options.

To further target local customers, the platform enables operators to promote their machines at the geo level, emphasizing specific geographical areas through targeted search filters and advertisements. This approach aids in dominating regional markets, positioning operators as the top-listed choices in their city or state, thus capturing the local crypto community. It also optimizes machine utilization by attracting customers during low-traffic hours, enhancing return on investment.

Coin ATM Radar introduces Banner Advertising, a visual impact strategy where operators design eye-catching banners to promote their brand and special offers. Placing these banners on high-traffic pages within the platform ensures a wider audience reach, while tailored campaigns target specific demographics and interests.

The Custom Map Integration feature allows operators to embed a live Coin ATM Radar map directly into their website, providing a seamless customer experience. This integration enhances brand awareness by incorporating logos and branding within the map, encouraging direct engagement with website visitors and converting them into paying customers.

Services

Coin ATM Radar APP

Coin ATM Radar supports apps for both iOS and Android users. Users can easily download them as the steps below:

iOS (iPhone and iPad):

1. Open the App Store on your iOS device.

2. Use the search bar to find “Coin ATM Radar.”

3. Select the official Coin ATM Radar app from the search results.

4. Tap the “Download” button to install the app.

5. Once installed, open the app and follow any setup instructions.

Android:

1. Open the Google Play Store on your Android device.

2. In the search bar, type “Coin ATM Radar.”

3. Locate the official Coin ATM Radar app in the search results.

4. Tap “Install” to download and install the app.

5. After installation, open the app and complete any necessary setup.

While the webpage and the app for Coin ATM Radar serve the same primary purpose of providing information about Bitcoin ATMs, there are some differences:

User Interface: The app is designed for mobile devices and often has a more user-friendly interface optimized for smaller screens. The webpage, on the other hand, might provide a more extensive set of features but may not be as streamlined for mobile use.

Location Services: The app can leverage the GPS functionality of your mobile device for precise location tracking, making it easier to find nearby ATMs. The webpage may rely on manual location input.

Mobile-Specific Features: The app might include features that are specific to mobile devices, such as push notifications and integration with other mobile functionalities.

Offline Access: Some apps may offer limited offline functionality, allowing users to access certain information even when not connected to the internet. This feature is not typically available on the webpage.

Coin ATM Radar APP
Coin ATM Radar APP

How to Buy Cryptos

Coin ATM Radar is your one-stop shop for navigating the fascinating world of crypto ATMs. Whether you're a seasoned hodler or a curious newcomer, their platform guides you through the process of buying and selling your favorite digital assets with ease.

Buying Crypto Directly at a Bitcoin ATM:

1. Locate the Crypto Option: Most ATMs will have a dedicated “Buy Crypto” or “Cryptocurrency” screen. Look for buttons or menus that specifically mention crypto purchases.

2. Choose Your Crypto: Coin ATM Radar lets you buy not just Bitcoin, but a variety of other popular cryptos like Ethereum, Litecoin, and Dogecoin. Select your desired crypto from the available options.

3. Scan Your Wallet Address: Many ATMs have built-in QR code scanners. Simply open your wallet app and display the QR code for your chosen crypto address. The ATM should automatically scan it and populate your address field. If not, enter it manually with utmost care.

4. Insert Cash: Feed the ATM the desired amount of cash based on your chosen crypto purchase. Remember, minimum and maximum purchase limits might apply.

5. Review and Confirm: The ATM will summarize your transaction, including the crypto amount, purchase price, and any fees. Double-check everything before confirming the purchase.

6. Receive Your Crypto: Once confirmed, the ATM will process your transaction and send the crypto to your wallet address. This might take a few minutes, depending on network conditions.

7. Collect Your Receipt: Keep the receipt provided by the ATM for your records. It contains vital transaction details.

Buying Crypto with Cash:

Coin ATM Radar also highlights alternative options for buying crypto with cash, even if there isn't a Bitcoin ATM nearby. These services bridge the gap between physical cash and the digital crypto realm:

LocalBitcoins: This peer-to-peer platform connects you with individuals willing to sell you crypto directly for cash. Meet up in person at a secure location to complete the transaction.

BitQuick: This service allows you to purchase crypto with cash at participating retail stores like CVS and Circle K. Simply pay the cashier with cash and receive your crypto instantly.

Paxful: Similar to LocalBitcoins, Paxful connects you with buyers and sellers in your area for face-to-face crypto-for-cash transactions.

How to Buy Cryptos

How to open an account?

The process is simple - access the website, send an inquiry to supprt@coinatmradar.com, get the feedback, log on, and start trading as below.

How to open an account

Fees

Coin ATM Radar implements a fee structure that spans from 5.4% to 8.4%. This range reflects the costs associated with using their platform to conduct transactions through cryptocurrency ATMs. While the specific fee percentage may vary depending on the particular ATM and location, Coin ATM Radar maintains transparency by providing users with a clear understanding of the potential costs involved. This fee framework ensures that users can make informed decisions when utilizing cryptocurrency ATMs for buying or selling digital assets.

Payment Methods

Coin ATM Radar offers multiple payment methods for users to make transactions on the platform. These payment methods include cash (fiat) and various cryptocurrencies. Users have the option to make payments using cash at the physical cryptocurrency ATMs operated by Coin ATM Radar. Additionally, users can also make payments using their preferred cryptocurrencies by transferring the funds from their wallet to the desired recipient or address.

The processing time for transactions on Coin ATM Radar may vary depending on the specific payment method and the network congestion of the chosen cryptocurrency. Cash transactions made at the cryptocurrency ATMs are typically instant, allowing users to receive their purchased cryptocurrencies immediately. However, for cryptocurrency transactions, the processing time is determined by the network confirmations required for the specific cryptocurrency. This can range from a few minutes to potential hours, depending on the blockchain network's current state.

It is important for users to note that the processing time can be influenced by factors beyond Coin ATM Radar's control, such as network congestion or maintenance on the respective cryptocurrency's blockchain. Users should consider these factors and plan accordingly when making transactions on the platform.

Educational Resources

Coin ATM Radar provides educational resources and tools to help users navigate the world of virtual currencies. These resources include a comprehensive FAQ section that addresses common questions and concerns related to the platform's services and functionalities. The FAQ section can be useful for users new to cryptocurrency exchanges or have specific queries about Coin ATM Radar.

In addition, Coin ATM Radar offers educational articles and guides that cover various topics related to virtual currencies, blockchain technology, and cryptocurrency trading. These resources aim to provide users with a better understanding of the fundamentals and intricacies of the cryptocurrency market.

Furthermore, Coin ATM Radar's website features a blog section where users can find insightful articles, industry news, and analysis. This can be a valuable resource for users who are looking to stay informed about the latest developments and trends in the cryptocurrency industry.

Educational Resources

It's important to note that while Coin ATM Radar provides these educational resources and tools, users should exercise their own judgment and seek additional information from credible sources to ensure a well-rounded understanding of virtual currencies and their associated risks.

Is Coin ATM Radar a Good Exchange for You?

Coin ATM Radar is the best platform for cryptocurrency traders seeking smooth and user-friendly access to Bitcoin ATMs. Its extensive map functionality and detailed information on fees and limits make it an ideal choice for individuals who prioritize ease of use and convenience when locating and utilizing Bitcoin machines.

Coin ATM Radar could be considered the best resource for:

Cash-based crypto investors: It simplifies buying and selling cryptocurrencies with cash through Bitcoin ATMs and alternative services like LocalBitcoins and BitQuick, catering specifically to users who prefer physical transactions.

Geographically focused traders: Its detailed map and search filters enable users to find Bitcoin ATMs near their location, ideal for traders interested in specific regional markets or avoid online exchange hassles.

Privacy-conscious crypto enthusiasts: Using cash at Bitcoin ATMs can offer a degree of anonymity compared to traditional online exchanges, potentially appealing to privacy-minded traders.

Conclusion

While Coin ATM Radar offers several beneficial aspects, it's important to weigh them against the drawbacks. Users have expressed concerns about prolonged customer support response times, potentially leading to frustration for those seeking timely assistance.

Furthermore, the limited availability of the platform due to regulatory constraints in certain regions might hinder accessibility for some potential users. The platform's educational resources, though available, might not be as extensive as desired, which could pose challenges for individuals new to cryptocurrency trading.

The unregulated nature of Coin ATM Radar introduces an additional layer of uncertainty, particularly for users who prioritize trading within regulated environments.

FAQs

Q: Can I trade NFTs?

A: No, you cannot trade NFTs on Coin ATM Radar.

Q: Where is my money stored?

A: Your money is stored in a hot wallet.

Q: What kind of rewards can users earn?

A: Coin ATM Radar does not offer any rewards for users.

Q: What countries are restricted?

A: Coin ATM Radar does not have any restricted countries.

Q: Does it require KYC?

A: No, Coin ATM Radar does not require KYC.

User Review

User Review 1:

Coin ATM Rada has been a game-changer for me with its exceptional liquidity and a broad range of cryptocurrencies. The automated trading platform simplifies the process, allowing me to trade efficiently without constant manual intervention. The user-friendly interface makes navigation a breeze, whether you're a beginner or an experienced trader. However, my excitement was dampened by prolonged customer support response times when I needed assistance urgently. It's disappointing that the exchange is unregulated, leaving some concerns about security and oversight. Overall, a solid choice if you value liquidity and variety, but improvements in customer support and regulation are needed.

User Review 2:

I've had mixed experiences with Coin ATM Rada. On the bright side, its user-friendly interface made my crypto trading journey smoother. The platform's automated trading feature eased the process, especially during busy times. The availability of numerous cryptocurrencies opened up exciting investment avenues. However, I was disappointed by the limited accessibility of the exchange due to regulatory constraints in my country. Additionally, their educational resources felt lacking compared to other exchanges. The absence of regulation also gave me pause; I prefer exchanges that prioritize user security and adhere to industry standards. In conclusion, Coin ATM Rada has its merits, but availability, education, and regulation are areas that need attention.

Risk Warning

There are inherent security risks associated with investing in cryptocurrency exchanges. It is important to understand these risks before making such investments. Cryptocurrency exchanges are vulnerable to hacking, fraud, and technical glitches, which can lead to the loss of funds.

It is recommended to choose a reputable and regulated exchange, keep abreast of security measures, and be vigilant in detecting and reporting any suspicious activity. Please ensure that you understand the risks involved and note that the information contained in this article is for general information only.