Stellar Lumens: Second largest Bitcoin ATM operator CoinFlip now sells XLM

  • CoinFlip, the world’s second largest operator of Bitcoin ATMs, is now offering its customers Stellar Lumens (XLM) for purchase at the machines.
  • CoinFlip is only active in the United States and currently operates 455 ATMs there.

The world’s second largest provider of Bitcoin ATMs (ATMs), CoinFlip, is now offering its customers the option to buy Stellar Lumens (XLM). CoinFlip is currently exclusively limited to the American market and offers its customers eight cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), DASH (DASH), Komodo (KMD), Chainlink (LINK) and now Stellar, for purchase.

CoinFlip currently operates 455 ATMs in the USA in service stations and grocery stores in 40 states where the ATMs are approved. Customers can buy the cryptocurrencies by VISA or Mastercard as well as cash at 40 two-way ATMs. The map below from CoinFlip shows an overview of the locations of the crypto ATMs in the United States.

coinFlip

Source: https://www.coinflip.tech/

Stellar (XLM) will be available now on all CoinFlip crypto ATMs. A Stellar Lumens supporter, Sam Conner, confirmed the announcement via a tweet and wrote about the benefits of CoinFlip, saying that users can now connect to their Ledger hardware wallet via the CoinFlip platform. In addition, buying at the CoinFlip ATM does not require any Know Your Customer (KYC) verification up to an amount of $900, which allows anonymous purchases (by cash).

CoinFlip on the way to becoming the largest Bitcoin ATM operator worldwide

As CoinFlip told the news portal Coindesk, the company plans to expand into other American states. The company also aims to install 20 new machines per week. As the Coinatmradar data shows, CoinFlip is the world’s largest operator of Bitcoin ATMs behind Bitcoin Depot (with 540 ATMs).

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If the expansion continues as planned, CoinFlip could become number one, solely with ATMs in the USA. CoinFlip is followed by CoinCloud with 418, Coinsource with 272 and RockItCoin with 251 machines.

Bitcoin Atm worldwide

Source: https://coinatmradar.com/charts/top-operators/

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About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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