Seattle Bitcoin ATM
To get started
How to buy Bitcoin
- Choose the "Buy Bitcoin" option on the ATM
- The ATM will ask you to scan the barcode on the back side of your ID
- hold your driver license a few inches away from the red scanner
- hold your driver license a few inches away from the red scanner
- Insert up to $2,500 in cash.
- Visit coinmewallet.com to retrieve your Bitcoin!
Why use Coinme?
We make it super easy to buy and sell Bitcoin.
The ATM deposits and withdraws to your Coinme Wallet (coinmewallet.com).
- Your username will be your driver license number
- A temporary password will be automatically generated for you
Just visit the machine, insert cash, and you're done!
Need cash? Use the machine to sell bitcoins and instantly withdraw up to $2,500 in US dollars. (Deposit your coins to your Coinme Wallet before visiting the machine)
Want more Bitcoins? Use Coinme to buy them within minutes.
BUY AND SELL SAFELY
Online websites can be scary and untrustworthy. With Coinme you can safely buy, sell, transfer, or turn your bitcoin into cash. It's simple and easy to do!
We can help with that. There are two ways to reset your password. First, if you have an email associated with your Coinme account you can simply request a new password via email from the login screen. If you do not have an email associated with your account, click the following link for more information.
Delays with your transaction?
While we strive to have your coin to you within 20 minutes of your purchase, sometimes there can be delays. If you've been waiting longer than that for your purchase, click below for more information on delays.
What is bitcoin?
Bitcoin is a digital currency that is used for secure and instant transfer of funds worldwide. Bitcoin is decentralized, which means that it is neither controlled, nor issued by a bank or government, and instead is controlled by its users. Think of it like cash for the internet.
What is a Bitcoin wallet?
A Bitcoin wallet can be thought of much like a regular wallet. It is a place to store your funds, and use those funds to make purchases, or to send money to anyone, anywhere. For this reason, it can also be thought of in terms of a bank account. It is very important to be careful with your wallet information as unauthorized access may mean losing your coins. In order to keep your wallet protected, choose a secure password and never share your wallet information with someone you don’t trust.
How do I use the ATM?
In order to use the ATM all you need is a state issued ID. To sell Bitcoin, create a wallet at http://www.coinmewallet.com and transfer any Bitcoin you wish to cash out into your Coinme wallet. When you arrive at the ATM, scan your ID. You will then be prompted to choose whether you’d like to buy or sell. Choose the sell option and select the amount of cash you’d like to withdraw. We currently dispense in denominations of 20’s and 100’s.
If you wish to buy Bitcoin, select the buy option and insert cash into the machine. You will be prompted to scan your driver’s license and confirm your identity. Once you complete the transaction, you will be assigned a temporary password for your wallet. Log in to your wallet at http://www.coinmewallet.com using your ID number and temporary password, and your coins will be available. Please keep in mind, the maximum amount you can transact per day is limited to $2,500 USD.
Is Bitcoin anonymous?
Bitcoin is designed to allow its users to send and receive payments with a moderate level of privacy, similar to other platforms supporting transactions. However, Bitcoin is not totally anonymous and does not offer the same level of privacy as cash. The use of Bitcoin leaves extensive public records. Bitcoin uses blockchain technology, which automatically creates a public ledger of each bitcoin transaction, showing wallet address and amount, but the identity of the person who owns the wallet address is not public. Various mechanisms exist to protect users' privacy, and more are in development.
There has been some concern that private Bitcoin transactions could be used for illegal purposes. However, it is worth noting that Bitcoin is, and will continue to be, subjected to vastly similar regulations as those that are already in place within existing financial systems. Bitcoin is not more anonymous than cash, and is not likely to prevent criminal investigations from being conducted. Additionally, Bitcoin’s design and use of blockchain technology protects against a large range of financial crimes.
How are bitcoins created?
New bitcoins are generated by a competitive and decentralized process called "mining". Bitcoin miners are processing transactions and securing the network using specialized hardware. In exchange, individual miners are rewarded by collecting new bitcoins for their services.
The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. This makes Bitcoin mining a very competitive business. When more miners join the network, it becomes increasingly difficult to make a profit and miners must increase efficiency to cut their operating costs. No central authority or developer has any power to control or manipulate the system to increase their profits. Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow.
Bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence. At this point, Bitcoin miners will cease their mining operations, although some may continue to operate other forms of bitcoin related businesses such as confirming transactions in exchange for nominal fees.
What is a Bitcoin Address?
A Bitcoin address is a long string of 27–34 numbers and letters that acts similarly to an email address. The address enables the Bitcoin blockchain to recognize when bitcoins are sent and received. These addresses can be used by anyone, from single individuals to businesses to multiple people accessing the same address if desired. The address is unique to each wallet; for example, if you were sending Bitcoin to a friend, they would provide you with their unique wallet address which tells the system where to send the Bitcoin. You can find your personal wallet address under the “Receive” tab within your Coinme wallet.
What does ‘Unconfirmed Transaction’ mean?
An unconfirmed transaction is a transaction in the network that the miners have yet to confirm. Typically, confirmations take about 10 minutes. However, due to the increased popularity of Bitcoin, network confirmation times have risen and can sometimes take up to an hour or more. The Bitcoin community is actively working on finding the best solution to this issue. If a transaction fails to confirm after 72 hours, the funds will be sent back to the original sender’s wallet.