For your initial transaction with CoinFlip, a minimum deposit of $20 is required.
Understanding CoinFlip's Transaction Requirements
When engaging with CoinFlip, especially for your very first transaction, a baseline amount of $20 must be met. This minimum ensures a smooth initial experience whether you are looking to buy or sell cryptocurrency using their services. It's a foundational requirement for new users to get started.
Important Cash Deposit Information
Beyond the minimum transaction amount, it's crucial to be aware of the specific denominations accepted by CoinFlip ATMs. Their machines are designed to facilitate convenient cash transactions, but they do not accept $1 bills. This means you should prepare your cash in larger denominations (e.g., $5, $10, $20 bills, etc.) to ensure your deposit can be processed successfully.
To summarize key details for your transaction:
| Detail | Requirement / Information |
|---|---|
| Minimum First Transaction | $20 |
| Accepted Bill Denominations | Does not accept $1 bills (prepare larger denominations) |
Practical Tips for Your CoinFlip Transaction:
- Prepare your cash: Ensure you have at least $20 in denominations of $5 or higher before heading to a CoinFlip ATM.
- Initial Transaction Focus: Remember the $20 minimum specifically applies to your first transaction, setting the entry point for using their service.
- Convenience: Understanding these simple requirements ahead of time can make your experience at the ATM quick and hassle-free.
