What is CoinHere?
With the growing widespread popularity of cryptocurrencies, more and more people have started to purchase cryptocurrencies. However, there exists a problem in our world today. The accessibility to cryptocurrencies has always been a problem to many people. To resolve this issue, CoinHere provides ATMs to facilitate the buying and selling of digital assets. CoinHere operates one of the largest Bitcoin ATM networks in Asia and is looking to fuel the mass adoption of digital assets in the public. The company also cooperates with major exchanges to provide users with the most popular digital assets. Moreover, CoinHere also assists in the integration of Bitcoin and Crypto PoS systems. They educate and encourage the adoption of cryptocurrencies. Above all, CoinHere works closely with Hong Kong’s leading cryptocurrency over the counter trading desk Genesis Block to educate and gear the public towards the ever-growing crypto industry.
History of CoinHere
CoinHere was founded way back in 2017 backed by Genesis Block’s industry-leading technology. The goal was to make the Bitcoin and cryptos as accessible as ever. To make all cryptos accessible to all, CoinHere has partnered with numerous exchanges and businesses. Moreover, CoinHere has been continuously branching out to fuel merchant adoption for Bitcoin and crypto payments.
Advantages of using CoinHere ATMs
CoinHere ATMs have several advantages. These advantages help to further drive the mass adoption of cryptocurrencies:
- Trusted: Backed by an experienced team and all technology is supported by Genesis Block.
- Convenient: Over 30+ locations in Asia Pacific regions like Hong Kong, Taiwan, and Thailand, and over 20+ ATMs operating 24/7 providing continuous access to cryptos.
- Fast/Speed: Complete and receive your cryptocurrencies in less than 5 minutes.
- Reliable: 24/7 support team always ready to assist any crypto-related issues.
- Privacy: Use ATMs without registration and verification providing anonymity and security.
- Affordable: Low minimum entry of HKD$500 per transaction.
Why should you use crypto ATMs?
Just like a normal regular ATM, crypto ATMs are extremely convenient. With over 30+ locations and many operating 24/7, CoinHere allows everyone to have access to cryptos. Similar to how Bitcoin and other crypto trade 24/7, CoinHere hopes to provide uninterrupted and anytime access to cryptos to the public. Another important factor of crypto ATMs is the safety and anonymity that it provides. CoinHere ATMs utilizes industry-leading technology to provide a safe platform for users to buy and sell cryptocurrencies. Additionally, the low entry barrier makes it just one step easier for users to get into the crypto community!
Is it safe to use crypto ATMs?
Crypto ATMs provide complete anonymity for users. The technology is paired with secure digital wallets and tokens vetted by Chainanalysis tools. The process also does not require KYC allowing users to trade freely without fearing their data being stolen.
Which cryptocurrencies are available?
CoinHere provides a variety of cryptocurrencies such as Bitcoin ($BTC), Ethereum ($ETH), Tether (USDT), FTX token ($FTT) and Binance Coin ($BNB).
Are there any fees when I use ATMs?
When you purchase Bitcoin or other cryptos, there will be a transaction fee.
- BTC : 7.5% + HKD50
- ETH : 7.5% + HKD 25
- USDT, BNB, FTT : 7.5%
- 10% for ALL coins
The price of the cryptocurrency that you received is depended on the current market price which fluctuates regularly.
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Which wallets are supported?
The ATMs support a wide variety of wallets ranging from ERC20, SHA256, and BEP2 frameworks. We suggest using a cold wallet when purchasing cryptos as it is the most secure way of storing your cryptocurrencies. If you would like to learn more about how you can best store your digital assets, find out here!
To allow more users to better understand cryptocurrencies, CoinHere has also partnered with Genesis Block to develop community building and education. CoinHere strives to fuel mass adoption but also understands the potential threats of fraud and cybersecurity. In order to tackle that issue, CoinHere has launched a Cryptoclassroom series providing “How to” security tutorials and information for both Bitcoin and Crypto beginners and advanced users.
With one of the largest networks of ATMs in Asia, CoinHere takes into account the 1.7 billion underbanked and unbanked users in the world. Many of these people would have never had the opportunity to access financial services if not for crypto ATMs. And that is why CoinHere believes that Bitcoin and crypto can act as a vessel for financial freedom. If you are interested in owning your cryptocurrencies, be sure to check out CoinHere ATM’s locations here!
The information provided in this article is intended for general guidance and information purposes only. Contents of this article are under no circumstances intended to be considered as investment, business, legal or tax advice. We do not accept any responsibility for individual decisions made based on this article and we strongly encourage you to do your own research before taking any action. Although best efforts are made to ensure that all information provided herein is accurate and up to date, omissions, errors, or mistakes may occur.