Coinme launches service enabling consumers to buy bitcoin with cash at Coinstar kiosks

Coinme, a venture-backed blockchain financial services company, today launched a service that offers consumers the ability to buy bitcoin at Coinstar kiosks at select Safeway and Albertsons stores in California, Texas, and Washington with plans to extend this offering to additional U.S. markets and retailers following a successful launch.

Founded in 2014, Coinme was the first state-licensed bitcoin ATM company in the U.S. and now handles millions of dollars (USD) in transactions each month. The company is deploying a global crypto ATM network and also offers a vertically-integrated digital wallet and private-client services for individuals and institutions.

These new access points represent an easy and convenient way to buy bitcoin with cash…

Coinstar owns and operates over 20,000 fully automated self-service coin-counting kiosks in nine countries, with thousands in the U.S. market that can be enabled to accept Bitcoin transactions.

There are just four simple steps to purchase bitcoin at a Coinstar kiosk, powered by Coinme:

1.        Go to a select Coinstar kiosk, touch “Buy Bitcoin,” review and accept the transaction terms, and enter your phone number.
2.        Insert U.S. paper money into the cash acceptor (any amount up to $2,500).
3.        Receive a voucher with a Bitcoin redemption code.
4.        Visit www.coinme.com/redeem to create a Coinme account or sign in to your existing account to claim your bitcoin.

Only U.S. cash is accepted for purchase, and coins cannot be used for bitcoin transactions.