CoinFlip

CoinFlip

Overview

About CoinFlip

Simplify's Rating
Why CoinFlip is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Crypto & Web3

Financial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2015

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Simplify's Take

What believers are saying

  • CoinFlip partnered with Yesway and Allsup's to deploy ATMs in U.S. convenience stores.
  • CoinFlip Wallet launched in Australia and New Zealand to simplify crypto transfers.
  • CoinFlip Gradual payroll program enables U.S. employees to auto-invest paychecks in crypto.

What critics are saying

  • Texas Department of Banking fined CoinFlip $40,000+ for unlicensed money transmission in 2024.
  • Data breach exposed 36,000 customers' data, settled lawsuit for $475,000 in 2023.
  • Bitcoin Depot captures U.S. market share with faster kiosk growth and lower fees.

What makes CoinFlip unique

  • CoinFlip operates world's largest network of over 5,500 cryptocurrency kiosks by transaction volume.
  • CoinFlip launched pre-registration system on April 11, 2024, enabling $2,995 daily ATM limits.
  • CoinFlip hired Jed Roffers, ex-Wisconsin cyber agent, as first law enforcement relations director.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Time Off

Company News

Business Wire
Feb 3rd, 2026
CoinFlip hires former Wisconsin cyber crime agent as first law enforcement relations director

CoinFlip, a US-based digital currency platform operating the world's largest cryptocurrency kiosk network, has appointed Jed Roffers as its first law enforcement relations director. Roffers will serve as the company's primary contact for collaboration with law enforcement agencies globally. Roffers previously worked as a special agent in Wisconsin's Department of Justice cybercrimes unit, where he advised on virtual currency legislation and provided investigative support for tracing digital assets across blockchain networks. He is recognised as an expert on internet-enabled crimes and cryptocurrency-related compliance. Founded in 2015, CoinFlip operates over 5,500 cryptocurrency kiosks worldwide by transaction volume. The company also runs CoinFlip Preferred, an over-the-counter service for investors, and CoinFlip Ventures, supporting early-stage crypto projects.

JD Supra
Mar 20th, 2025
State AGs Allege Bitcoin ATMs Increasingly Facilitate Scams

In Iowa, AG Brenna Bird brought two lawsuits against Bitcoin Depot and CoinFlip, Iowa's two largest BTM operators, over alleged collection of illegal fees and failures that allowed Iowans to send millions of dollars to scammers through their kiosks.

FinSMEs
Jan 16th, 2025
1Money Network Raises Over $20M in Funding

1Money, a NYC-based company developing a purpose-built Layer 1 designed for stablecoins payments, raised over $20M in funding

FutureFive New Zealand
Nov 19th, 2024
CoinFlip Wallet launches in Australia & New Zealand

CoinFlip has announced the launch of its new Wallet service in Australia and New Zealand, aiming to enhance the process of sending and receiving cryptocurrency.

Crypto News
Sep 12th, 2024
CoinFlip deploys Crypto ATMs in Yesway and Allsup's stores across the US

CoinFlip has partnered with prominent convenience store chain Yesway to deploy cryptocurrency ATMs across its shops in the United States.

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