Here’s a timesaving tip for first-time Coinsource Bitcoin ATM customers. In order to buy or sell Bitcoin using one of our kiosks, you’ll need to enroll with us and create an account. It’s super easy and fast, and we give you the ability to create your account on your smartphone from anywhere. You don’t have to be in front of one of our Bitcoin ATMs in order to enroll. All you need is your phone and a state ID.
- First, just enter your phone number and tap “Submit”.
- Coinsource will text you a six-digit verification code.
- Once you enter the code, you’ll be asked to take a few photos to confirm identification. All your information is 100% confidential and private.
- The first photo is of the front of your state ID card. Tap “Next”
- The second photo is of the back of your state ID card. Tap “Next”
- The third photo is a selfie. Submit your photos.
Check out these tips for taking these ID photos to make it easier for these photos to be accepted.
Within a few moments you’ll receive a text message confirming that your Coinsource account has been approved.
Once you have a Coinsource account, you’ll need a wallet app on your phone, if you don’t already have one.
Now you’re ready to go! Just find the Coinsource location closest to you.
A Note About Requiring a State ID
Coinsource is proud to voluntarily be in compliance with all state and federal regulations that cover the use of our automated kiosks to buy and sell cryptocurrency. We ask for a photo of your state ID and a selfie to confirm your identification and safeguard your transactions. Confirming your identify helps us stay in compliance with the Know Your Customer Rule, or KYC, which is designed to prevent unlawful financial activities.
Check out this post that explains these federal and state regulations.
Coinsource is the only Bitcoin ATM operator in the world to have been awarded the prestigious Virtual Currency License granted by the New York State Department of Financial Services. The NYDFS is known for imposing heavy regulatory requirements on cryptocurrency businesses and their application process is extremely thorough and very demanding. We’re proud to be the first Bitcoin ATM operator to receive this license.
Coinsource is the world leader in Bitcoin ATMs. With a focus on compliance and ease of use, Coinsource is aiming to bring Bitcoin to the masses. Follow for blogs about Bitcoin, finance, company updates and Bitcoin ATM information!