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CoinFlip ATMs Present a Compelling Opportunity for Crypto Traders

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CoinFlip

Although most of my articles are investment related opportunities, it’s also important to recognize that the crypto market is still in the beginning stages.  This means that lots of new traders and hodlers are going to wade into the market during the next few years.  All of my knowledge, and that of most traders, was learned through trial by fire.  And while I’m grateful for the experiences, both good and bad, not everyone wants to learn from that method.  Many participants will want clear instructions on how to get started in the crypto market.  Mainly, that means how to purchase crypto and how to sell it at a later point.

What is CoinFlip?

Since I considered cryptocurrency to be a rather risky proposition, I wanted to start off with a small investment without having to provide credit card information or bank account details.  After doing some research on the internet, I came across an interesting company called CoinFlip.  CoinFlip’s goal is to provide the best cash-to-crypto experience possible.  The company’s next-generation ATMs are extremely intuitive and easy to use for both purchasing and selling cryptocurrency.

Daniel Polotsky, the founder and CEO of CoinFlip, came up with the idea in 2014 while still a sophomore at Northwestern University.  Daniel has worked at some of the top companies in the world including Uber, R.J. O’Brien, Citadel, and Morgan Stanley.

In addition to impressive leadership, all of the company’s employees are under the age of 25 and half of them didn’t finish college.  Additionally, all the founders and a majority of the employees are first generation Americans.  The company is also entirely self-funded.  So, in a way, CoinFlip is kind of like a Blue-Collar Bitcoin Squad.  It’s hard not to root for a company like this.

Advantages of CoinFlip

The major advantage of CoinFlip is the simplicity.  When I first got involved with crypto, I tried to open an account at a few exchanges and became incredibly frustrated with the long on-boarding process.  And then having to provide additional information that I considered sensitive and confidential.  So, as I looked for alternatives, CoinFlip ATMs quickly emerged as exactly what I was looking for.

Another huge advantage of using CoinFlip ATMs is the wide selection of cryptocurrencies that are currently available.  The available currencies include BTC, LTC, ETH, TRX, KMD, and DASH.

In addition to the wide selection of currencies available and avoiding the hassle of a long on-boarding process, CoinFlip ATMs offer the following advantages:

  • Lowest fees of any cryptocurrency ATM (6.99% over spot for buys and 3.99% under spot for sells).
  • 24/7 customer service through phone, text, and chat.
  • Company values privacy and doesn’t sell or share personal information with any third-parties.
  • CoinFlip has significant reach with more than 150 ATM locations across the U.S.

Fast Growing Company

One of the aspects of this business that I like the most is the rapid-fire pace at which the company is expanding.  I prefer to invest time and resources into a business that is certain to be around in the future.  As mentioned, the company has gone from initial idea to the leading U.S. crypto operator in less than 5 years.  Perhaps even more impressive is that CoinFlip has continued to grow and innovate during a time when many other projects are struggling.

How to Begin Using CoinFlip ATMs

For amounts up to $900, only name and phone number registration is necessary.  Simply go to the CoinFlip website and look for your nearest ATM.  Go to the location (which typically has long hours) and type your name and mobile number which, will then be sent an SMS code for confirmation.  ATM users will also need a mobile wallet from which they can sell their existing cryptocurrency or have newly purchased crypto sent to it.

The company has also put together a page for FAQ.  These FAQs are extremely useful for new entrants into the crypto market.  If new users have additional questions or wish to learn more, they may want to consult the company’s social media such as Facebook, Instagram, and Twitter.  I personally find the Twitter extremely useful as the company will occasionally release some discount codes resulting in significant consumer savings.

Conclusion

Even though I now fall into the experienced category of crypto traders, I’m still using CoinFlip due to the simplicity and convenience.  As long as the fees remain industry leading and the company continues to innovate, I look forward to doing business with them for years to come.

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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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