How do you use a Crypto Wallet at a CoinFlip or Olliv bitcoin ATM?
Coinflip lets you download and use any Crypto wallet at a Coinflip ATM. Simply scan the wallet's QR code from your phone at our machine and you can begin sending Crypto in minutes!
What is a crypto wallet?
A crypto wallet is a downloadable piece of software that stores the keys for accessing your cryptocurrency. Think of it as your cryptocurrency bank account. Crypto wallets can be custodial or non-custodial (also called self-custodial) that offer different levels of personal ownership and control.
A custodial wallet, also known as a hosted wallet, is controlled and managed by a third party, usually a cryptocurrency exchange. Custodial wallets allow you to recover your password in the event you lose or misplace it, but you do not own your private keys; the third party hosting your wallet does.
"Not your keys, not your coins”’ is a popular expression in the crypto world. When using a custodial wallet, there is always a risk that the third party involved could be hacked or compromised, likely resulting in loss of your crypto.
Another risk factor of using a hosted wallet is that crypto exchange websites sometimes crash due to high activity volumes. When this happens, you can't access your coins and you could miss out on a profitable transaction.
For these reasons, we recommend using a non-custodial wallet that is not hosted by a cryptocurrency exchange or investment platform, giving you complete control and ownership of your crypto.
How to download a self-custodial wallet to use at a CoinFlip or Olliv ATM?
1
Open your app of choice
We created Olliv, a self-custodial wallet that puts YOU in control of your assets--always. Account setup is quick, simple, and free.
Our ATMs support all wallets, allowing you to connect to other portfolios of your choice.
2
Once you have your wallet, click the “Receive” button to get a QR code
3
That’s it! Just scan your QR at any one of our ATMs and you have your crypto within 3 minutes (or less)!
If you want to sell your crypto, go ahead and click "Send,” select the amount of crypto you want to send, and scan the QR code on the ATM. (Please allow up to 10 minutes to receive the receipt confirming your transaction was successful).
How to buy crypto at a CoinFlip or Olliv ATM?
- Select cryptocurrency
- Select amount you would like to purchase
- Enter phone number
- Enter code sent to phone number
- Verify DOB and phone number
- Scan wallet
- Insert cash
How to sell crypto at a CoinFlip or Olliv ATM?
- Select cryptocurrency and then select "Sell"
- Enter and verify phone number
- Select amount you would like to purchase
- Send the exact amount on your crypto wallet
- Scan QR code with your wallet
- Click send on your wallet
- Wait for a text saying your cash is ready to withdraw
- Select your crypto and then select "Redeem"
- Verify your phone number
- Select the transaction and get your cash!
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