Coinme started in Seattle in 2014, when it opened what it describes as the first state-licensed Bitcoin ATM in the country at a bar in Belltown after months of chasing a money transmitter license. It then did something no other operator managed: instead of placing its own machines, it put a Bitcoin option on Coinstar coin-counting kiosks and later on MoneyGram counters, giving it the largest cash-to-crypto footprint in the United States through grocery and retail stores. A debit card app followed for buying without cash.
That reach is the whole pitch, and it comes with a shape. Coinme is custodial: cash at a kiosk becomes a voucher, the voucher is redeemed into a Coinme wallet after phone and ID verification, and the coins stay there until you send them out. Fees are high because every party in the chain takes a cut. And the company's home-state regulator, Washington's Department of Financial Institutions, issued a temporary cease-and-desist in late 2025 alleging Coinme had booked more than $8 million of unredeemed voucher balances as its own income; Coinme called it an accounting dispute over a discontinued product and the order was paused by agreement while it is resolved. In January 2026 Polygon Labs announced it would acquire Coinme as part of a deal worth more than $250 million.
Anytime Capital also takes cash, which is why the comparison is worth making. It is a U.S. money services business that sells to customers worldwide, with a storefront on Piedmont Road in Atlanta where you can hand cash across a desk, a cash-by-mail option from anywhere in the country, a phone number that reaches a person, and a non-custodial wallet so the coins are yours when the order settles. It also takes cards, ACH, wire, Cash App, Apple Pay and Google Pay, which Coinme mostly does not.