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Yes. As the world’s largest Bitcoin ATM operator, Coinsource is nationally licensed and federally regulated which requires proper ID verification of our customers. Coinsource does not share or sell any information whatsoever to 3rd parties.
In order to create an account with Coinsource, you’ll simply need your cell phone and your government-issued State ID or Driver License. (We do not accept foreign ID’s, City ID’s or Passports at this time.)
To begin, simply fill out our enrollment form starting with your phone number, you will receive a six-digit confirmation code via text message, this just confirms that the phone number you entered is yours and that you have access to the confirmation code to proceed.
Next, we will ask for a few photos to confirm your identity in order to comply with all state and federal banking regulations which are required for all operators by law. Don’t worry, all of your information is 100% private and will never be shared or sold to any third-parties, ever.
The first photo we will need is of the front of your State ID card. Please make sure there aren’t any glares or obstructions like thumb or finger in the photo. This makes it easier for photos to be accepted. Simply tap the ‘Take a Photo’ tab and your phone’s camera will prompt you to take a picture. Once you have a clear, glare and obstruction-free photo, tap ‘Next’.
The second photo we need will be of the back of your ID. The third and final photo for the Enrollment Form is a self-portrait, or “selfie”. Please do not use any filters as they will not be accepted.
And that’s it! In just a short time you will receive a confirmation text message telling you your account has been processed and approved and that you are able to proceed with transacting at any Coinsource Bitcoin ATM in the country.
No, not yet. Coinsource machines only accept U.S. cash to complete a transaction. The smallest denomination Coinsource machines accept is a $5 bill.
You can transact as little as $5 and as much as $5,000 per day from a Coinsource ATM. If you need more than $5000, please contact us and Coinbridge Partners can assist in facilitating the purchase.