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.
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…