Since 2014, Coinme has been regulated as a money services business and has obtained state virtual currency money transmission licenses. It is the largest licensed cryptocurrency - to - cash exchange in the United States, making the conversion between cash and cryptocurrencies safer for users. Coinme adopts top - notch custodial solutions in the industry and uses cold offline storage methods to ensure that cryptocurrency assets are secure and accessible at all times under any market conditions.
Coinme APP
The Coinme APP is a financial application focused on cryptocurrency trading. It supports English, French, and Spanish. Within the APP, users can view the daily, weekly, and monthly market prices of cryptocurrencies, which is convenient for tracking cryptocurrency balances and market values. Users have a free Coinme wallet where they can store, send, manage, and receive cryptocurrencies. Their assets are protected with bank - level security. Account access requires two - factor authentication via mobile phone, and there are advanced anti - fraud analysis tools to monitor abnormal activities.
Coinme Fees
APP Fees
When purchasing with Visa or Mastercard debit cards: A maximum of 5.49% exchange fee + 3.25% card processing fee (minimum $1) is charged. The transaction limit is $20,000 per day and $100,000 per month.
When selling with a Visa card: A 2% exchange fee + 1.5% instant withdrawal fee (minimum $0.5) is charged. The transaction limit is $20,000 per day and $100,000 per month.
Cash Network Fees
Coinstar: When purchasing cryptocurrencies such as Bitcoin and Ethereum, a 12.5% cash exchange fee + 4% transaction fee is charged. Fees may vary by location. The transaction limit is $9,500 per day and $60,000 per month.
MoneyGram: Only Bitcoin can be purchased. A 4% cash exchange fee + $2.75 per - transaction fee is charged. The transaction limit is $2,000 per day and $60,000 per month.
ATM Locations: When selling cryptocurrencies to withdraw cash, a maximum of 1.99% cash exchange fee + $2.50 per - transaction fee is charged. The transaction limit starts from $20 per transaction, with a per - transaction limit of $400, a daily limit of $2,000, and a monthly limit of $60,000.
Network Fees
Bitcoin Network Fees: For each transaction of sending Bitcoin from the Coinme wallet, a Bitcoin network fee needs to be paid. This fee is collected by Bitcoin miners to process Bitcoin blockchain transactions. The amount of the fee depends on the busyness of the Bitcoin network.
Ethereum Network Fees: Transactions on the Ethereum network require paying fees to miners. These fees are measured in “gas” and calculated in gwei. The fees vary according to network traffic and can be quite high.