Crypto exchange Coinme adds ETH and five other cryptocurrencies to its crypto kiosks 

Quick Take

  • Individuals can purchase bitcoin, ethereum, litecoin, dogecoin, chainlink and polygon from  Coinme-powered Coinstar machines. 
  • Coinme is a Seattle-based crypto exchange, and Coinstar manufactures large, green coin kiosks found in supermarket chains. 

The Seattle-based crypto exchange Coinme will add six additional cryptocurrencies to its list of buyable assets from its kiosks, the company announced Wednesday.  

Individuals can now purchase ethereum, dogecoin, chainlink, litecoin, lumens and polygon at Coinme-powered Coinstar kiosks in the United States.  

While most crypto exchanges are accessible online, crypto kiosks like the Coinme-enabled Coinstar machines allow individuals to purchase cryptocurrency in person at one of these machines in more than 10,000 locations. 

Coinme is the crypto exchange providing compliant cryptocurrency sales, and Coinstar manufactures the large green coin machines. These machines are usually found in supermarket chains and allow users to cash in coins, purchase electronic gift cards and, as of January 2019, buy bitcoin. 

“Customers have asked us to make other coins available besides bitcoin on Coinme-enabled Coinstar kiosks,” Coinstar CEO Jim Gaherity said in a release. “We want to make it easy for anyone, regardless of their familiarity with crypto, to get started with digital currencies with cash in their local grocery stores.” 

Coinme-enabled Coinstar machines require know-your-customer safeguards such as photo ID and phone number, as well as limits to how much cryptocurrency a user can purchase, The Block previously reported.  

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.