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CoinMover
CoinMover operates a network of Bitcoin ATMs across the United States, allowing users to instantly buy Bitcoin with cash. The service offers tiered purchasing limits, from small amounts with minimal verification up to $50,000 daily for approved users, catering to both first-time buyers and those needing higher volumes. They focus on providing a fast, secure, and accessible alternative to online exchanges, particularly for unbanked or cash-preferred consumers. As a registered Money Service Business (MSB), the company adheres to KYC/AML regulations.
Lynn, USA
Description
CoinMover operates a network of Bitcoin ATMs (digital currency kiosks) across the United States, primarily in New England and Southern California, allowing users to instantly convert cash into cryptocurrencies like Bitcoin, and in some cases, withdraw cash for crypto. The service is designed for accessibility, particularly for unbanked, underbanked, or cash-preferred individuals. It offers tiered purchasing limits: up to $2,995 with just a smartphone, up to $9,000 with an ID scan at a kiosk, and up to $50,000 daily for users who apply online. As a U.S. Department of Treasury Registered FinCEN Money Service Business (MSB), CoinMover is fully compliant with all Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Know Your Customer (KYC) regulations, requiring user identity verification for its services. The company emphasizes that all transactions are final and non-reversible, does not provide investment advice, and requires users to be at least 18 years old. US-based customer support is available 365 days a year via email, webchat, and text.Grant Funding
VC Funding
None
2021
$0
$1.4M