Cryptocurrency

CoinFlip Welcomes BNB Relisting: Interview with Daniel Polotsky, the CEO of CoinFlip.

CoinFlip is one of the leading Bitcoin ATM operator in the US. CoinFlip makes Bitcoin Flipping easy by buying & selling 9 different cryptocurrencies, with the best rates including Binance’s BNB. The CEO Daniel Polotsky, will be sharing more details with us on the recent relisting of BNB.

Please tell us more about yourself and your experience at CoinFlip?

My name is Daniel Polotsky, and I’m the CEO and Co-Founder of CoinFlip, the leading Bitcoin ATM operator in the U.S. I’m 25 and graduated from Northwestern University in 2017 and started CoinFlip back in 2015 while still in college, after having bad experiences with ATMs at the time. I wanted to establish a solution because trading cash for bitcoin is not scalable – you can’t meet up with someone 100 times a day, but an ATM can. Thus, I decided to start CoinFlip.

What is CoinFlip and what unique services do you provide at CoinFlip?

CoinFlip is the leading Bitcoin ATM operator in the U.S., with over 600 installations across 35 states supporting the buying and selling of nine different cryptocurrencies. Striving to provide the best cash-to-crypto experience available, CoinFlip offers 24/7 customer support, registration in minutes and the industry’s most favorable exchange rates. Founded in 2014, CoinFlip is headquartered in Chicago. 

The unique service we provide at CoinFlip is allowing people to buy bitcoin and eight other major cryptocurrencies with cash. We have the lowest fees in the industry and 24/7 customer support.

What is your relationship with Binance and what is the reason for relisting Binance Coin (BNB) on your network?

We have a collaboration with Binance. Binance is one of the safer and trusted exchanges in the cryptocurrency world, and we want our customers to be safe when trading. There are times we receive calls from customers about trading on unsafe exchanges and we don’t want them to have to deal with that anymore. By listing BNB, it’s a reflection of the fact that we recommend Binance just because of its history and team. Though, users should still always do their due diligence when it comes to safe trading.

Could you tell us more about the Binance Chain ecosystem and how it works?

The Binance Chain ecosystem is powered by Binance Coin (BNB). The ecosystem is just comprised of other companies and wallets, exchanges, etc., that incorporate BNB. For example, while we act as a possible, cash-to-crypto gateway for crypto, there are other companies allowing people to pay their bills with BNB or take out a loan by putting up their BNB for collateral. This makes up the Binance Chain ecosystem and it is all powered the BNB.

What is the current level of demand for Binance Coin (BNB), how are the market prices and what is your advice for investors in BNB?

The current level of demand is apparent with BNB being one of the more popular coins that we sell. While we wouldn’t like to comment on the price, it seems like there are more and more companies that react positively to integrating BNB.

We advise people to do their due diligence and if they are interested in investing in BNB, they should research what current projects are offering BNB and how they are using it.

What are your comments on the current blockchain technology market, recent Bitcoin Price increase and stunted growth of other ERC20 tokens?

I think it’s an exciting time in the cryptocurrency space in general. People are anticipating a bigger rise in price due to the halving – when the supply of bitcoin minted will be cut in half. Others are looking forward to staking on Ethereum. Overall, adoption has been growing and it’s good that the price is finally reflecting that. 

Could you tell us about the CoinFlip team, who are they?

The CoinFlip team is comprised of mostly younger people, the youngest being an 18-year-old who skipped college to join CoinFlip as our head of business development, and one or two people who are older. We have been growing a lot and we like to have a mix of family culture as well as a hard-working ethic. We all follow the cryptocurrency market and development in the space, and we truly believe that bitcoin will be a global currency of the future.

If anyone wants to buy bitcoin the easiest way, within 5 minutes, is to go check out a CoinFlip Bitcoin ATM location.  

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