CoinFlip was conceived out of the bright mind of Daniel Polotsky. He realized what the young crypto industry was lacking. During the early days of Bitcoin, there weren’t as many options as we have today. For the programmer and tech professional, this wasn’t much of a problem. However, people who wished to fully ensure the security of their transactions would seek out in-person trades like those completed through crypto ATMs, which allow you to buy bitcoin and other cryptocurrencies.
The problem with the latter was that the early machines were not at all user friendly. This is the need that CoinFlip CEO Daniel Polotsky identified. This is the inspiration behind the founding of CoinFlip. What transpired was a company that produces practical machines for the physical transaction of cryptocurrencies. It’s also the ideal on-boarding platform. Interested parties see these machines at kiosks (i.e. at malls) and easily purchase their first Bitcoin. It also serves to secure transactions. People who wish to stay off the grid now have a viable option for peer-to-peer monetary transactions.
About CoinFlip Crypto ATMs
The ConFlip business model centers around two features. The first carries on the tradition of cash ATMs in being extraordinarily user friendly with simple and easy-to-use crypto machines. The second pertains to the accessibility of popular and trusted cryptocurrencies. Below is the list of coins that CoinFlip ATMs currently support:
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Tron (TRX)
- Komodo (KMD)
- Dash (DASH)
The ATMs that Daniel Polotsky and his team design are intuitive and fast. Both features are what users expect in ATMs for cash withdrawals. CoinFlip aims to maintain the same type of atmosphere as more users transition to cryptocurrencies. The new machines have upgraded bill validators that make cash acceptance quicker than ever before. All of this results in crypto ATMs that more closely resemble the slide-and-go withdrawals that fueled the global economy at the end of the millennium.
CoinFlip vs. Other Crypto ATMs
CoinFlip ATMs have several advantages over other crypto machines. You will find that they have the lowest fees of all machines in the nation. Average cash rates for purchases are 6.99% over the spot price. For sell orders, the rate is 3.99% under the sport price. Add to this the speed at which CoinFlip ATMs are popping up throughout the country, and it becomes clear that these machines are an influential resource for on-boarding new crypto users.
Cryptocurrencies are secured by the nature of their blockchain programming. However, a lot of negative press and fake news has tarnished the industry’s reputation. CoinFlip assures its users that privacy practices are as high as can be expected. The company also ensures that their ATMs are available 24/7 with always available customer support via phone, email and text. CoinFlip offers the best of both worlds. Their ATMs are the most secure and user friendly because Daniel Polotsky and his team know just what the crypto industry needs.