CoinFlip Makes Bitcoin ATMs Safer and Faster with New Features

Bitcoin ATM operator CoinFlip has introduced a new online pre-registration system designed to simplify Bitcoin ATM use. This innovation allows users to obtain pre-approval before physically accessing the machine, increasing both the security and convenience of transactions.

The company’s latest move aims to improve user experience by reducing waiting times at ATMs. Customers can now complete pre-registration in less than two minutes using their mobile device or desktop.

This new process streamlines transactions and allows withdrawals of $960 or more, ensuring regulatory compliance standards and an additional layer of security through CoinFlip’s KYC protocol.

This process not only saves time, but also increases a user’s transaction limit to $2,995 per day, subject to local state regulations.

Ben Weiss, CEO and co-founder of CoinFlip “Our new pre-registration process achieves both convenience and compliance, giving customers a safe, efficient and seamless experience at the kiosk,” he said, highlighting two benefits of the new system.

He also noted that the plan is consistent with the company’s goal of maintaining the highest safety and security standards.

To pre-register, customers must visit CoinFlip’s online ATM registration portal, enter their phone number and select their preferred currency. Afterwards, a verification number will be sent to your mobile phone, and you must go through an identity verification process.

This pre-registration mechanism is part of CoinFlip’s broader strategy to ensure compliance and security in response to growing concerns about the security of digital currency transactions.

By enabling pre-authorization, CoinFlip not only expedites the transaction process, but also strengthens your defenses against fraudulent activity.

Also Read: CoinFlip Adds PAXG Listing to ATM Network and Tradedesk, Offering Physical Gold to Crypto Users