CoinFlip has announced the launch of CoinFlip Preferred with a vision to help regular people access the world of crypto markets with considerable pricing.
CoinFlip Preferred is an over-the-counter (OTC) crypto trading platform that aims to make cryptocurrency investments more accessible through lower minimum transaction sizes.
It is actually one of the pioneers of Bitcoin (BTC) ATM services in the U.S.
To offer “easier access” to the crypto trading market
Compared with other crypto OTC trading platforms, CoinFlip Preferred provides an investment opportunity for customers at a low transaction size of only US$5,000[AU$7,795].
The project’s aim is to make high-end, crypto investment markets more inclusive. Stockhouse quotes chief executive officer of CoinFlip, Daniel Polotsky:
“Our mission has always been to help regular people build their wealth by demystifying cryptocurrencies and giving them easier access to these burgeoning markets.”
CoinFlip Preferred makes the exchange of the most popular cryptocurrencies, like BTC, Ethereum (ETH), and Litecoin (LTC), accessible to its users. As said in their press release, they plan on adding more cryptocurrencies in the future.
The platform will take advantage of 600 ATMs that CoinFlip has already placed nationwide.
Also with the help of the ecosystem that CoinFlip has developed in the business of selling cryptocurrencies, they believe that they can “offer excellent pricing” and “rapid execution of trades” for CoinFlip Preferred’s clients.
In the press release, Polotsky expressed:
“Combined with our fast-growing network of ATMs, which give users convenient self-service options for transactions under $12,000, CoinFlip Preferred now allows us to support our customers making trades of any dollar amount.”
Users can begin trading as soon as they sign up. When they register, they also get their own personal concierge who will guide them throughout the whole investment process.
For additional guidance, users can get in touch with consultants every day from 9:00 a.m. to 5:00 p.m. CT.
Further expansion discussed if international demand grows
CoinFlip Preferred is only available in the U.S., as of its launch. Nevertheless, as mentioned on the press release, CoinFlip is planning to expand it internationally if the demand calls for it.
At the moment, CoinFlip’s pioneering project is its ATM network available in 34 states. Because these machines are the same access points for CoinFlip Preferred, they are expecting that users can now conveniently make cryptocurrency investments.
As Polotsky said, this new platform will make high-end investment opportunities available to the approximately 25% of Americans who are “unbanked” or “underbanked.”
Images courtesy of Marco Verch/Flickr, Andrea Piacquadio/Pexels