You can now buy Bitcoin at some Walmart stores across the United States

Picture for the article titled You can now buy Bitcoin in some Walmart stores across the United States

Photography: Nicholas Kamm / AFP (Getty Images)

Bitcoin is a step closer to being easily accessible to the masses. If in doubt, check the nearest Walmart. You may be able to buy Bitcoin there at the Coinstar kiosk.

To be clear, Walmart itself does not offer customers a way to buy bitcoin – its partner Coinstar that is. Coinstar is best known for offering kiosks that allow people to trade their spare change for bills or gift cards. (It was definitely my favorite jar of coins when I was a kid). Now Coinstar will allow people to use their kiosks to buy bitcoin through cooperation with them Coinme, a crypto wallet company that offers bitcoin ATMs.

Coinstar’s new service was first noticed and confirmed by CoinDesk on Thursday.

“Coinstar, in partnership with Coinme, has launched a pilot that allows its customers to use cash to buy bitcoin,” a Walmart spokesman told CoinDesk. “There are 200 Coinstar kiosks located within Walmart stores across the United States that are part of this pilot project.”

Buying bitcoin seems to be relatively simple. On his own Web page, which has a very long section with frequently asked questions, Coinstar explains that you have to first to create Coinme account. After that, you can head to the nearest Walmart with a participating Coinstar kiosk — only 200 kiosks at select Walmart stores are part of the pilot, so make sure of that check that the one near you offers a service — and buy bitcoin for cash.

Interestingly, you can only buy bitcoin with banknotes, not coins. It also won’t give you a change, so make sure you have the exact amount you want to buy in cash. In addition, Coinstar only allows users to buy bitcoin, not sell bitcoin they already own for cash.

After you complete your purchase, Coinstar Kiosk will give you a voucher with a code that you can use at Coinme. All purchases come with a 4% transaction fee, part of which goes to Walmart, and a 7% cash exchange fee. A coin account, which provides users with a free crypto wallet, is necessary to access your bitcoin.

As for data privacy, Coinstar requires customers to provide a valid phone number to use their kiosks, but says it does not store either him or any other sensitive data of people who buy bitcoin. Coinme, meanwhile, performs a Check your client to verify the identity of the user, which includes giving an unexpired driver’s license or state ID and a certificate that the user is older than 18 years.

Although Coinstar’s pilot is currently small, the company has big plans for cryptocurrency. It plans to offer the possibility of buying bitcoin more than 10,000 of its kiosks and allow the purchase of various cryptocurrencies by the end of the year.

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Naveen Kumar

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