COINSTAR LIMITED

COINSTAR LIMITED is a United Kingdom-registered company that primarily operates coin-counting kiosks, converting loose change into cash or charitable donations. Founded on 2 November 2022, the company is based at 100 New Bridge Street, London, EC4V 6JA. Despite its recent incorporation, the Coinstar brand has been active since 1991, focusing on self-service coin redemption solutions in retail locations.

Importantly, COINSTAR LIMITED is not a regulated exchange for trading cryptocurrencies or forex. Instead, it has partnered with Coinme, a regulated crypto exchange, to allow customers to purchase cryptocurrencies such as Bitcoin through its kiosks. Users create a free Coinme account to manage these holdings, and customer support is handled by Coinme for crypto-related queries.

As of the latest records, COINSTAR LIMITED holds no financial regulatory licenses from the UK Financial Conduct Authority (FCA) or any other regulatory body. The company is registered at Companies House but does not appear on the FCA's register of authorised firms. This absence of regulation means that client funds are not protected under the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service.

The partnership with Coinme, which is a regulated entity in the United States, does not extend regulatory coverage to COINSTAR LIMITED in the UK or other jurisdictions. Users should be aware that the kiosk operator itself is not directly supervised by any financial regulator, leaving a gap in oversight for the crypto purchasing service.

The core product of COINSTAR LIMITED is its coin-counting kiosks, which accept loose change and dispense cash, e-gift cards, or donate to charity. In partnership with Coinme, some kiosks also offer the ability to buy cryptocurrencies, primarily Bitcoin. Users insert cash, which is then credited to their Coinme account to purchase crypto at the prevailing market rate.

Notably, COINSTAR LIMITED does not offer leveraged forex or CFD trading, traditional investment accounts, or any proprietary trading platform. The crypto purchasing service is limited to spot transactions through the Coinme platform, and users must create a separate Coinme account. The company does not provide its own mobile app or trading interface for these services.

Since COINSTAR LIMITED is not a brokerage, it does not offer multiple account tiers or trading platforms. Users interact with the physical kiosks and, for crypto purchases, are directed to create an account with Coinme. Coinme provides a digital wallet and a web-based interface for managing crypto holdings, but this is separate from COINSTAR LIMITED.

The only 'account' that exists is the Coinme account, which is subject to Coinme's terms and conditions. COINSTAR LIMITED does not manage any trading accounts, nor does it provide demo accounts or educational resources for trading. The service is purely transactional, intended for one-off cash-to-crypto conversions.

COINSTAR LIMITED's services are aimed at general consumers who have accumulated loose change and wish to convert it to cash or donate it. The crypto purchasing feature targets individuals who want a simple, cash-based entry into cryptocurrency without using a traditional online exchange. This is not a service for active traders, forex speculators, or investors seeking leverage or diverse asset classes.

The company's presence in retail locations, such as supermarkets, makes it accessible to a broad public. However, the lack of regulatory oversight and the limited scope of services mean that it is not suitable for traders looking for a regulated multi-asset brokerage environment.