As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
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In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned money against devaluation. And this is just one of many examples where people are utilizing crypto to improve their way of life.
Future Growth for CoinFlip
When I first learned about CoinFlip earlier this year, the company had approximately 150 ATM locations across the United States. And now, about 6 months later, the company has expanded to more 350 locations which represents some incredible growth. It also demonstrates the appetite that consumers have for easy access to Bitcoin and crypto.
The list of available currencies at these ATMs include Bitcoin, Litecoin, Ethereum, Tron, Komodo, and Dash. And I expect this list to grow over the coming months as CoinFlip is constantly on the lookout for additional opportunities to expand its reach.
Advantages to Using CoinFlip ATMs
My very first cryptocurrency purchase was completed at an ATM. For those who would like a walk through of how to do it, the following resource may be helpful. At the time, I wanted something quick and easy and the ATM presented the best way to do that. While there are several options available, the advantages and geographic reach of CoinFlip make it the best choice. A few of those advantages include the following:
- Unlike Facebook, CoinFlip will not sell your information to third-parties. The company values privacy rights above all else.
- The company’s service team is available 24/7 through several channels including phone, chat, and text.
- While other ATMs charge astronomical fees, CoinFlip is very reasonable with theirs. In fact, CoinFlip ATMs have the lowest available fees on the market which are currently 6.99% over the crypto spot price for purchases and 3.99% under for sells.
The partnership with BRD wallet is another step in the right direction for CoinFlip. The company continues to expand its reach and dominance. Cryptocurrency ATMs aren’t for everyone, but they represent an efficient and easy way to get started in the space. With mass adoption coming in the next few years, CoinFlip is significantly poised to benefit from the growth.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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