In a press release made by Coinstar the company partnered with Coinme to offer the ability to buy bitcoin at thousands of stores in the U.S. With almost 20,000 Coinstar kiosks nationwide, those who have a desire to convert their spare change into bitcoin should now be able to with ease.
Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cashJim Gaherity, Coinstar CEO
At this time, there is a buy limit of $2,500 for bitcoin purchases and only requires a Coinme account and a phone number. The process is relatively simple, taking just 4 steps if you already have a Coinme account. Once purchased, the machine gives you a voucher to redeem on Coinme’s website.
Based in Bellevue, Wash., Coinstar owns and operates the largest fully automated, multi-national network of self-service coin counting kiosks. Those who want to find kiosks to buy bitcoin near them can visit Coinstar’s bitcoin kiosk finder. Although, as of this writing, I have not been successful in finding any kiosks near me with the buy bitcoin option.
Coinme is a blockchain financial services company founded in 2014 that is dedicated to helping the world gain access to virtual currency. Coinme was the first state-licensed Bitcoin ATM operator in the U.S. and now processes millions of dollars (USD) each month.
As the world slowly converts to a completely digital financial system, the announced partnership marks another large step forward for Bitcoin. For those who want to convert their aging piggy bank to bitcoin this could be a great option. Just make sure to send your new bitcoin to a wallet where you control the keys. Exchanges tend to get hacked often. Not your keys, not your bitcoin.