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Writer's pictureShannon M

CoinFlip - Buy Bitcoin with Cash


What is CoinFlip?

CoinFlip is an American crypto exchange. It has been active since 2016.

A very special thing with this exchange is that they allow you to purchase Bitcoin and 6 other cryptos for paper cash. They make this possible through having various Bitcoin ATMs placed in different locations in the country.


Another strong feature of CoinFlip is that they offer same day settlement on all wire transactions, and live customer service and support (24/7). Also, this exchange has a price matching offering. Through this offering, they promise that they will offer the best price among all of its competitors within a 10 miles radius (from the relevant ATM).



Company Details

There is clear info on the exchange’s website about the name of the company running the exchange (GPD Holdings, LLC), registered address, phone numbers etc. This is of course comforting, as an entity trying to defraud you wouldn’t provide you with all that detailed info.

KYC

As for the KYC, these are the requirements (in trading volume per day):

USD 5 to USD 900 – Name and phone number

USD 901 to USD 3,000 – Name, phone number and government issued ID

USD 3,001 to USD 8,000 – Name, phone number, government issued ID and SSN

US-investors

CoinFlip is only open to US-investors to US-investors. However, it is not yet open to all US-investors. Residents in about a dozen states are currently not able to use CoinFlip’s services, yet.


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