PebbleHost
High performance, consistent uptime and fast support. Minecraft hosting that just works.
My experience buying $50 of Bitcoin at Coinstar - May 1, 2019
I put $50 into the coinstar machine, I then received a voucher (it prints the code on the receipt) and it said that I "purchased" $48.00 USD worth of BTC and that my 4% fee was $2.00 USD.
Interesting information that was printed on my receipt with my redeem code:
Exchange: 1 BTC = $5,606.58 (at time of purchase)
Bitcoin Purchased: $48.00
Transaction Fee (4%): $2.00
Transaction Total: $50.00
Total Bitcoin Purchased: 0.00856128 BTC
No Expiration Date
Only $2500 may be purchased and redeemed within a 24 hour period.
-
I also just want to mention that this is not anonymous.
They will require you to upload 3 pictures:
- front of drivers license
- back of drivers license
- selfie of your face
And they also require your first, last name and a phone number to redeem the code.
Overall the process was very easy and once you complete the verification process, going back to the machine would be much easier the 2nd time I imagine as I wouldn't have to go through that setup process again. I rate it 9 out of 10.
One last note, this is not available at ALL coinstar machines. I actually drove to a different grocery store first that I knew had a coinstar machine only to find out that the machine at that store was not doing the BTC thing with Coinme.com so I had to hop in my car and drive to a different coinstar about 10 minutes away that DID offer it. The best way to avoid driving to different stores is to use their zip code finder on their website to see which coinstars are offering it in your area (if any).
In the end I just transferred the BTC over to my main account at Coinbase.com
I know you're not supposed to trust exchanges for storing your BTC but whatever, that's what I did with it
I put $50 into the coinstar machine, I then received a voucher (it prints the code on the receipt) and it said that I "purchased" $48.00 USD worth of BTC and that my 4% fee was $2.00 USD.
Interesting information that was printed on my receipt with my redeem code:
Exchange: 1 BTC = $5,606.58 (at time of purchase)
Bitcoin Purchased: $48.00
Transaction Fee (4%): $2.00
Transaction Total: $50.00
Total Bitcoin Purchased: 0.00856128 BTC
No Expiration Date
Only $2500 may be purchased and redeemed within a 24 hour period.
-
I also just want to mention that this is not anonymous.
They will require you to upload 3 pictures:
- front of drivers license
- back of drivers license
- selfie of your face
And they also require your first, last name and a phone number to redeem the code.
Overall the process was very easy and once you complete the verification process, going back to the machine would be much easier the 2nd time I imagine as I wouldn't have to go through that setup process again. I rate it 9 out of 10.
One last note, this is not available at ALL coinstar machines. I actually drove to a different grocery store first that I knew had a coinstar machine only to find out that the machine at that store was not doing the BTC thing with Coinme.com so I had to hop in my car and drive to a different coinstar about 10 minutes away that DID offer it. The best way to avoid driving to different stores is to use their zip code finder on their website to see which coinstars are offering it in your area (if any).
In the end I just transferred the BTC over to my main account at Coinbase.com
I know you're not supposed to trust exchanges for storing your BTC but whatever, that's what I did with it
Last edited:
