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Coin Cloud FAQs – Coin Cloud

Reading: Coin cloud bitcoin atm daily limit

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  1. digital currency machines (dcms): you are here
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  3. crypto coin cloud wallet
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Reading: Coin cloud bitcoin atm daily limit

1. digital currency machines (dcms)

what services does coin cloud offer?

coin cloud offers a complete ecosystem of digital currency services, providing the fastest and easiest way to buy and sell bitcoin and other virtual currencies, including more than 40 altcoins and other digital assets.

Coin Cloud Digital Currency Machines (DCMs), an advanced version of the kiosks commonly known as Bitcoin ATMs or BTMs, allow you to buy and sell more than 40 digital currencies with cash. Coin Cloud DCMs form the only nationwide network of 100% buy and sell machines that enable cash withdrawal at all locations.

Available digital assets include expected commodities such as bitcoin, bitcoin cash, litecoin, and ethereum. but you can also find popular meme coins like dogecoin and shiba inu coin, decentralized finance (defi) tokens like uniswap, sushiswap and 1 inch, a selection of stablecoins like tether and usd coin, and many more options to choose from.

coin cloud also has a free non-custodial crypto wallet for ios and android. You can use Coin Cloud Wallet app alone or together with Coin Cloud DCM. it’s custom built to work seamlessly with machines for an optimal experience.

lastly, we also have credit or debit card online purchases, and a private client desk otc service for higher level transactions via ach or wire transfer.

what is a bitcoin ATM (btm)?

A bitcoin ATM, often abbreviated as batm or simply btm, is a slang term for a machine that allows you to buy bitcoin, and sometimes some other virtual currencies, with cash. does not connect to your bank account or request financial information from you; It’s not a completely accurate description, but the term is popular in this industry. They are also sometimes called crypto ATMs, digital currency kiosks, or cryptocurrency kiosks. Most btms in the industry are one way or unidirectional. These machines allow you to use cash to buy bitcoin and sometimes some altcoins (virtual currencies other than bitcoin). only about 20% of all btms are bidirectional, or bidirectional, meaning they also allow you to sell your virtual currency for cash.

what is a digital currency machine (dcm)?

Digital Currency Machines (DCMs) are more advanced versions of Bitcoin ATMs. these machines allow you to buy bitcoins and more than 40 digital currencies in cash. And unlike BTMs, 100% of DCMs have cash handling functionality that allows you to sell your digital currency for cash (“withdraw” or “withdraw”). All Coin Cloud Machines are DCM offering bi-directional functionality, over 40 digital currency options, an advanced user interface and a custom non-custodial companion wallet app. coin cloud operates the world’s largest 100% two-way dcms network.

how do i buy digital currency?

Buying digital currency in a cloud of dcm coins is quick and easy. all you need to get started is your mobile phone, a digital wallet, and some cash.

  1. press the “start” button.
  2. enter your mobile phone number.
  3. enter the unique identification code sent by text message to your phone.
  4. select the option “buy” and choose “bitcoin”.
  5. scan the qr code of your bitcoin wallet with the dcm camera.
  6. insert your invoices one by one At the same time, enter a promo code if you have one and hit “done”.
  7. Your transaction will start processing on the blockchain network, which can take 10-15 minutes.
  8. >once the transaction is complete, you will receive your receipt via text message and the funds will appear in your wallet.

If you need further information or assistance, please contact our 24/7 customer support team at 855-264-2046 or support@coin.cloud

how do I sell my digital currency?

Unlike other types of cryptocurrency kiosks, coin cloud digital currency machines allow you to withdraw your cryptocurrencies at any location. the process is quick and easy.

  1. press the “start” button.
  2. enter your mobile phone number.
  3. enter the unique identification code sent by text message to your phone.
  4. select the “sell” option, then choose your currency.
  5. enter the amount you wish to withdraw (in denominations of $20 and $100).
  6. scan the code qr on the dcm screen with the camera feature of your bitcoin mobile wallet app.
  7. In your bitcoin wallet, enter the exact amount that dcm requests. if you are using the coin cloud wallet app, this is automatically generated for you.
  8. send the funds to the qr code you scanned.
  9. transactions take approximately 10-15 minutes to process on the blockchain network. you will then receive a text message asking you to return to the dcm to withdraw your funds.
  10. at the dcm, log in with your phone number to retrieve the dispensed cash.

Please note that you can save time at the machine by setting up your vend in advance in the coin cloud wallet app. simply choose a machine and tap on “sell crypto for cash” and start the process from the palm of your hand.

The machine you choose will reserve your cash for up to 48 hours and will be ready to withdraw when you arrive. @coin.cloud

what do I need to buy digital currency for?

See also: 4 Proven Ways to Buy Monero (XMR) in 2022 – A Simple 3 Step Guide

Digital currency is very versatile and can be used for a variety of things. you can instantly send it to friends and family around the world. Many retailers accept cryptocurrencies as forms of payment, both online and offline. some people buy virtual currency as an investment and some altcoins are designed for specific uses on dedicated platforms. Examples include gaming, social tokens, decentralized finance (defi), smart contracts, stablecoins, content platforms, computing, non-fungible tokens (nfts), artificial intelligence (ai), and more.

As more and more projects and platforms based on blockchain technology and smart contracts are developed, we will see more and more uses for digital currencies, coins and tokens. keep an eye on the coin cloud website and coin cloud blog for the latest news and trends.

do you have any fees for buying/selling bitcoin or other digital assets? what is your exchange rate?

coin cloud does not charge any additional or hidden fees on top of the retail exchange rate you see on the machine. unlike other locations, our rates reflect transparent all-inclusive pricing. this price may include profits, costs, charges or other surcharges, and may differ for each customer or location.

Please note that there are additional mining fees or network fees for most blockchain-based or other decentralized currencies. coin cloud does not charge, collect or benefit from these network-based fees. and in fact, on bitcoin purchases, coin cloud covers the mining fee for you!

We also run various promotions throughout the year that may affect the exchange rate or give you free bitcoinback rewards (such as cash back, except with crypto). Sign up for our email list at the bottom of this page to receive notifications of upcoming promotions.

do you do any transactions in person to buy/sell bitcoin?

We transact in person through our OTC trading desk for private clients (but you don’t have to do it in person). OTC transactions require higher transaction volumes of at least $25,000 and additional account information. The funds will be sent to your wallet by ACH or bank transfer. To inquire about this service or to request to be a member of the Private Client Desk, please contact our customer support team at 855-264-2046 or privateclient@coin.cloud.

Is there someone to help me when I’m in the dcm completing a transaction?

yes! Although we don’t have on-site representatives in each individual DCM, if you need help completing a transaction, we’re here, ready and willing to help.

You can call or text our live customer support team 24/7 at 855-264-2046 or use the contact button at the bottom of the interface. the touch screen of the machine. You can also chat online on this website, via social media or email us at support@coin.cloud, we will be happy to guide you through the process or answer any questions you may have about the buying or selling process. , cryptocurrency in general, coin cloud dcm or the coin cloud wallet application.

which digital wallet app should I use?

Our machines are very flexible and work with a variety of third party applications. You can use any mobile cryptocurrency wallet with a QR code generator and even some hardware wallets. However, for the best user experience, we recommend downloading the free coin cloud wallet app from the apple app store or google play. Coin Cloud Wallet is specifically designed to give you the fastest and smoothest functionality in our DCMs, including simplified confirmations, pre-populated fields, and time-saving advanced selling features. it is also an extremely secure and feature-rich non-custodial wallet. giving you full control over your funds. we have more and more coins and assets supported within the wallet, and users call it the best crypto wallet ever.

do i have to give personal information when i use coin cloud dcm?

Yes, for your protection and to ensure we know our customers in accordance with all federal and state regulations, we need to confirm your identity. but the amount of information we require depends on how much you want to buy or sell.

The machine will take your photo and you will need a mobile phone number as well as a driver’s license or other photo ID for larger transactions. for even higher transaction limits, we will ask for your social security number or other documentation. all your information is 100% private and stored securely.

do you have any limit on the amount of bitcoins you can buy/sell?

Limits to buy or sell bitcoin or other digital currencies are up to $1000 lifetime with a level 1 unverified account, which only requires your mobile number and text code verification.

If you want to buy or sell more, you can increase your limits to $8,500 per day ($45,000 lifetime) with a Tier 2 Verified account. To verify your account, you will need to submit a valid government-issued photo ID. government, such as your driver’s license, passport, or green card. For level 3 verification, you must also provide your social security number and occupation, which will allow you to transact $25,000 per day in DCMs with no lifetime limits.

For larger volume transactions over $25,000, please contact our private client over-the-counter (otc) trading desk at privateclient@coin.cloud.

why didn’t I get a receipt? / Does the machine print receipts?

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coin cloud has taken a green approach in an effort to save paper, help the environment, and reduce maintenance time and expense. our machines send receipts via text message once the transaction has been confirmed on the blockchain, but do not print receipts or paper wallets.

Are there other digital currencies available besides bitcoin?

yes. bitcoin is not the only digital currency that you can trade in a coin cloud dcm. we also have over 40 altcoins and other digital assets that we offer on all of our machines.

Available digital assets include expected commodities such as bitcoin, bitcoin cash, litecoin, and ethereum. but you can also find popular meme coins like dogecoin and shiba inu coin, decentralized finance (defi) tokens like uniswap, sushiswap and 1 inch, a selection of stablecoins like tether and usd coin, and many more options to choose from.

Our current list includes bitcoin (btc), bitcoin cash (bch), cardano (ada), aave (aave), dogecoin (doge), ethereum (eth), algo (algo), basic attention token (bat) , celsius network (cel), chainlink token (link), compound (comp), dai (dai), dash (dash), decentraland (mana), enjin coin (enj), litecoin (ltc), looping (lrc ), manufacturer (mkr), nano (nano), omg network (omg), pax gold (paxg), polygon (matic), polymath network (poly), shiba inu coin (shib), sushiswap (sushi), tether erc20 ( usdt), the graph (grt), tron ​​(trx), trueusd (tusd), uniswap (uni), usd currency (usdc), 0x (zrx), 1 inch (1 inch), wrapped bitcoin (wbtc), yearn.finance (yfi) and others.

For more information on the virtual currencies available for trading in coin cloud dcms, we invite you to consult our currencies section or cryptopedia.

how long does it take to confirm a transaction?

Bitcoin transactions typically only take 10-15 minutes to complete, including confirmation and registration on the blockchain. some altcoins, like bitcoin cash and litecoin, have even faster transaction times. others, like nano and dogecoin, are almost instant.

However, it could take up to an hour if you use a multi-confirmation wallet or if the network is congested, which can happen with ethereum-based tokens like ether, defi tokens, stablecoins, and nfts. Call our customer service at 855-264-2046 for a live report on current network conditions.

How many confirmations are needed for a transaction to be successful?

coin cloud dcms only require one confirmation on the blockchain, so after your transaction is confirmed once, it is recorded and locked on the blockchain. after that it will appear in your digital wallet or give you a progress message.

If you’re using the coin cloud wallet app, you’ll enjoy this streamlined process every time. if you use a third-party wallet, you may need to wait for additional confirmations, which could take 30-60 minutes or more.

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