Yes, you can. The Coinme app allows you to sell cryptocurrency from your Coinme Wallet and withdraw cash at a ReadyCode™ ATM without needing a debit card. Use the app to sell, receive a cash code, and input your phone number with the code at the ATM. There are more than 20,000 ATMs in grocery stores, pharmacies, and convenience shops across the U.S. where you can use this service.
Most crypto apps operate . To access cash, people often rely on crypto debit cards or wait several days for a bank transfer. Coinme’s cash pickup avoids both options.
Steps to sell crypto through the app and collect cash at an ATM
- Create your account. Get the Coinme app and set up your account. Use a state-issued ID to verify who you are. (Account setup guide)
- Decide what to sell. Select a cryptocurrency from your Coinme Wallet. Pick how much to sell in $20 increments since ATMs give out $20 bills.
- Confirm your sale details. Double-check everything and confirm to continue.
- Receive your cash code. After completing the sale, the app will show your cash code.
- Collect your cash. Use the app to find an ATM that works with Coinme. Enter your phone number and the code, and take your cash from the ATM.
What’s unique about this compared to crypto ATMs?
At a two-way crypto ATM selling works like this: you send crypto from your phone to the machine’s wallet. After the blockchain confirms it, the machine gives you cash.
With Coinme, it’s different. You sell using the app first and then type in your code at the ATM to get cash.
Other ways to change crypto into cash the same day
Certain crypto ATMs let you sell straight from the machine too. Coinme Debit Sell moves funds from your Coinme Wallet straight to a Visa debit card. After that, you can use an ATM to take out your cash just like usual. (Buy and sell with debit)
What to understand before cashing out
- Transaction limits go up to $400 per transaction and $2,000 . These limits change depending on where you live and your state rules. (More on limits)
- Fees apply to every cash pickup sale. Most cryptos also have an exchange fee and a spread, which depend on the specific crypto. Check out Coinme’s pricing and fees.
- You must verify your account to sell. (What ID you’ll need)
- Keep your cash code secret. Don’t give it to anyone who asks for it. (Spotting scams)
Frequently asked questions
Can I sell crypto through an app and grab cash at an ATM without a debit card?
Yes. Coinme lets you sell in the app and then use a cash code at a ReadyCode™ ATM. You don’t need a card for this.
Can I pick up the cash on the same day?
Yes. Once you complete the sale in the app, you’ll get a cash code. Take it to a participating ATM and collect your cash.
What types of crypto can I sell to get cash?
Bitcoin, Ethereum, Solana, XRP, Litecoin, Stellar Lumens, Polygon, Chainlink, Dogecoin, and USDC are all supported.
Do I have to use a bank account?
No. You don’t need a bank account to trade crypto for cash pickup.
Can I use any ATM?
No. You can use ReadyCode™ ATMs that participate. The Coinme app helps you find the nearest ones.
Looking for additional choices? Check out our beginner’s guide to cashing out Bitcoin.
