Update on Ethereum Transactions

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CoinFlip Team
CoinFlip Team

Due to rising gas fee prices on the Ethereum network, CoinFlip will be updating the flat fee structure and the minimum transaction size for Ethereum transactions on our network of over 850 ATMs to ensure that users receive their Ether in a timely manner.

Previously, we had a minimum transaction size of $5 for Ethereum transactions and charged 6.99% plus a flat fee of $0.99. Due to rising gas fees, the flat fee of $0.99 will be changed to $3.99 and the minimum transaction size will now be $20. The other cryptocurrencies offered at our ATMs are not affected.

The CoinFlip Team will monitor the state of Ethereum fees closely and make changes as we see necessary. We apologize for any inconvenience that this might cause and we want to thank our loyal FlipGang for supporting us.


Cover Image for Cryptocurrency Explained: Ethereum

Cryptocurrency Explained: Ethereum

Ehtereum was proposed in 2013 and launched in 2014 by Vitalik Buterin, a Russian-Canadian programmer and co-founder of Bitcoin Magazine. With Ethereum, Buterin intended to create a truly decentralized internet. In addition to being a cryptocurrency, it also provides a DIY platform for decentralized applications, commonly referred to as DApps. 

Joey Prebys
Joey Prebys
Cover Image for Are Bitcoin ATMs Safe?

Are Bitcoin ATMs Safe?

A Bitcoin Automated Teller Machine (ATM) helps people easily and quickly buy and sell cryptocurrency with cash. Bitcoin ATMs have been popping up worldwide to make cryptocurrency accessible to individuals who are unbanked and do not have the credit/debit cards required to purchase crypto online. Are Bitcoin ATMs safe? A simple answer: yes. We believe using a Bitcoin ATM is the safest way to buy cryptocurrency using cash.

Joey Prebys
Joey Prebys