Coinme, launched in 2014 in Seattle, has teamed up with Coinstar to offer bitcoin in its change-counting kiosks located in grocery stores across the nation.
In exchange for your cash, you’ll receive a voucher, which is essentially a receipt, said Coinme co-founder and CEO Neil Bergquist.
But as the website warns, bitcoin should be seen as a “high-risk asset” that should never be used to store money you can’t afford to lose.
If you convert cash to bitcoin at your local Coinme-enabled Coinstar kiosk, you’ll pay about 11% of the transaction value as a fee.
You could use it to buy a gift card at Home Depot and purchase a riding mower if you wanted to, Bergquist said.
The value of bitcoin does fluctuate, which is why Bergquist advises against putting all your eggs in the bitcoin basket.
“I think that it’s important people live a multi-currency life,” Bergquist said.
Coinme has more than 21,000 location across the United States and is within five miles of 90% of the American population, according to Bergquist.