Coinme and Coinstar Expand Bitcoin Kiosk Service
More crypto users can now walk into their local grocery store and purchase cryptocurrencies, thanks to the expansion of a partnership between Bitcoin ATM operator Coinme and coin-cashing machine purveyor Coinstar.
The expansion, announced in a press release, means that bitcoin will be available for purchase at over 2,200 locations in 21 states and the District of Columbia. The partnership began in early 2019 and grew to offer bitcoin purchases at kiosks in 19 states in late April.
Specifically, the kiosks allow users to enter their phone numbers and deposit cash in exchange for bitcoin redemption codes, which can be redeemed on Coinme’s website with an account. Users can purchase up to $2,500 worth at a time and are subject to a 4 percent flat fee.