Summary
Today, Coinme is excited to announce the addition of over 22,000 ATM locations where users can instantly pick up cash for their crypto. Selling crypto for cash has never been easier or more convenient.
Coinme’s cash network began to scale in 2019 with our partnership with Coinstar. Then in 2021, we doubled our cash network with the ability to buy bitcoin with MoneyGram. Today, we’ve more than doubled our cash network once more, bringing online over 22,000 ATMs to easily and instantly cash out of crypto.
The addition of these 22,000 new locations brings a new convenience and feature set not yet seen before to Coinme users. For the first time, Coinme users can sell any of the available cryptocurrencies in the Coinme wallet for instant cash pick up near them. Our cash network has come full circle, and with over 43,000 Coinme powered locations in total!
“Cash is still an integral part of the economy and the primary way people purchase everyday goods and services. Enabling instant crypto-to-cash services increases the utility of crypto for the entire ecosystem,” said Neil Bergquist, co-founder and CEO of Coinme. “Adding 22,000 participating ATMs to our network makes the digital currency ecosystem more inclusive for all. Our integration allows us to provide a ‘bank-like’ transaction experience for everyone who holds crypto, and we’re enabling such an experience at more ATM locations than even the country’s largest banks.”
Sell crypto for cash pick up
Cashing out of crypto is extremely easy in the Coinme app. From the Coinme app, users begin by selecting how much crypto they would like to sell for cash. After confirming their transaction details, users can select from thousands of participating ATMs near them. With a unique cash code sent to their mobile device, they can then pick up cash instantly from their local ATM. It’s that easy.
Affordable and convenient
Good news, the recently added cash out locations also come with insanely low fees. Each transaction is subject to just a $2.50 transaction fee plus a 2% cash exchange fee, making it extremely competitive with other cash out rates. Did we mention convenient? There are over 22,000 ATMs to pick up cash for your crypto, chances are there’s a few in your neighborhood!
Accessible and equitable
Coinme’s latest expansion of locations is yet another testament to our enterprise-grade API technology known as Coinme-as-a-Service (CaaS). CaaS allows us to crypto-enable existing financial infrastructure, plugging in each integrated partner to the crypto economy.
With this month’s expansion of new cash locations, Coinme has practically doubled its cash network in the United States. Coinme now powers over 43,000 locations nationwide where users can cash in and out of crypto instantly. As crypto adoption continues to grow, each location we add to our cash network brings more people closer to the world of crypto, and a chance at a more fair financial system.
Try cashing out of crypto
Curious to try it out for yourself? Learn more about how to get started, or download the Coinme app and find a participating ATM near you today!
