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Why Is There A Bitcoin Atm At This Lynnwood Gas Station?

Why Is There A Bitcoin Atm At This Lynnwood Gas Station?

Why is there a bitcoin ATM at this Lynnwood gas station? And by the way, what is bitcoin? Its cryptocurrency backed by nothing but worth a whole lot. You must sign in or register to continue reading content. The Lynnwood 76 service station has all the essentials. Gas. Food. Bitcoin. A Bitcoin ATM sits next to the lottery self-service kiosk in the convenience mart at the bustling 11-pump station at 19611 Alderwood Parkway. The ATM has been inside the 76 station for more than a year, but didnt get much attention until the recent hoopla that made Bitcoin the Kardashian of currency. At first glimpse, the boxy white machine owned by national company Coinme looks like one of those Coinstars you dump your stash of pennies and quarters in and, cha-ching!, turn it into paper money backed by the U.S. Treasury. Looks are deceiving. This ATM deals in digital money, also called cryptocurrency, that has no tangible form and is used worldwide with no central regulating body or bank. Investors from America and Africa to North Korea and New Zealand have pumped billions of dollars, euros, yen, rubles and other real money into it. Its not legal tender nor is it illegal. Bitcoin exists virtually, like a figment of your imagination. In reality, it is valueless bits of computer data. Its stored in a digital wallet. Theres nothing to jingle in your pocket. Despite the name, its not even a coin in the old-fashioned sense. This newfangled currency is created through a process called mining on computers around the globe to form blockchains. Thats right, this currency worth billions is just a bunch of numbers generated by equations that only computers are smart enough to do. Its code, said 76 gas station shopper Michael Gorta, visiting from California. Gorta had studied up on Bitcoin but not inv Continue reading >>

Guide To Bitcoin Atms: A Brief Primer On Buying Btc On The Go

Guide To Bitcoin Atms: A Brief Primer On Buying Btc On The Go

Guide to Bitcoin ATMs: A Brief Primer on Buying BTC On the Go William M. Peaster on November 24, 2017 / 0 Comments In order for digital currencies like Bitcoin to me adopted by mainstream users in the years ahead, itll need to be easily accessible; just like paper, fiat currencies are today. And thats precisely where Bitcoin ATMs come in. These automatic teller machines dispense (or facilitate the selling of) their namesake: bitcoins. And while these adoption-minded machines are still far from ubiquitous at present, they certainly point to the brave new crypto-driven world that is to come. Soon, the citizens of the world may go paperless, shifting to crypto instead thanks to Bitcoin and Bitcoin ATMs. But before that future is potentially realized, lets walk you through the landscape of Bitcoin ATMs today. 9 All In All, Lots of Opportunity For Growth In This Field Waves Coffee House earned the distinction of being the first-ever facility to offer a Bitcoin ATM, with the shops ATM going live back in October 2013. On that day, $10,000 USD worth of bitcoins (which were worth approximately $200 at the time) were transacted through that inaugural machine. That same amount of bitcoins would be worth roughly $400,000 today. How time flies, right? Waves Coffee Houses ATM was the result of a collaboration between Vancouvers Bitcoiniacs and Las Vegas Robocoin. Note: Bitcoin ATMs Are NOT Linked to Bank Accounts To this end, Bitcoin ATMs arent literally automatic teller machines, as traditional ATMs connect with users actual bank accounts. Instead, Bitcoin ATMs are linked up to just two things: Accordingly, Bitcoin ATMs are really kiosks they either provide you with a printed-out paper wallet receipt of your transaction, of shift over the purchased amount of bitcoins to a public ke Continue reading >>

How To Use A Bitcoin Atm Or How Does A Bitcoin Atmwork

How To Use A Bitcoin Atm Or How Does A Bitcoin Atmwork

How to use a bitcoin ATM or How does a bitcoin ATMwork With recent bitcoin price spike and news coverage people hear again more often about new phenomena as digital currencies or Bitcoin in particular. Although learning about it is a whole adventure, getting first bitcoins is even more difficult. There are many ways to get some bitcoins: Sell something for bitcoins. For example, Open Bazaar is a totally new e-commerce concept, when shops are run by individual business owners, rather than hosted at a central party. In a nutshell, it is a decentralized Ebay market, when nobody can tell you that they dont allow you to sell something because of whatever reason. In order to make payments possible bitcoin is purely used a means of payment on this platform. Work and get paid in bitcoins. There are many places where jobs are posted when employer is ready to pay with bitcoins, e.g. Coinality or Jobs4Bitcoins sub on Reddit. Purchase bitcoins. This is the main straightforward way of getting your bitcoins. Many platforms allow buying bitcoins by sending a wire transfer or connecting your bank account, using credit card, or even PayPal payment. To name the biggest players: Coinbase , Cirle , bitcoin exchanges BitStamp , Kraken . The drawback of all these methods they require a tedious customer identification by following their KYC/AML policies, which requires you to provide docs and usually wait several days to get approved. Another option is to go to a local bitcoin meetup or find someone at localbitcoins in order to make a direct trade with another user. This is a more anonymous way to buy bitcoins, and you can find options of buying via bank deposit, or even meeting someone and trading for cash (probably, amount should be big enough so that other person agrees to meet). Peer-2-p Continue reading >>

Crypto Mania Rages As Pioneer Sells Out, Coinbase Stumbles

Crypto Mania Rages As Pioneer Sells Out, Coinbase Stumbles

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Crypto Mania Rages as Pioneer Sells Out, Coinbase Stumbles News wave builds from Tuesday as frenzy wells up over tokens Litecoin founder sells, Crypto Co. gets regulator scrutiny CoinList CEO Sees Investors Gaining Interest in Bitcoin The wave of cryptocurrency news has turned into a tsunami this week. sold his holdings in a year its rocketed 7,500 percent, wanting to avoid a conflict of interest. Hours earlier a Korean crypto exchange went bust after getting hacked; U.S. regulators halted a coin traders stock on suspicion of manipulation;a stock unheard of two days ago surged even after its CEO gave a rambling defense of its business; alt coins ether and iota reached new record highs; and an app makers shares jumped about eightfold intraday after getting a bitcoin ATM patent. The frenzy is reminiscent of the heady days of the dot-com bubble, when stories of mailroom millionaires sparked a rush to list anything remotely related to the internet. Thats not to say the digital currency craze must end any time soon. Tuesday even brought a sign that its just getting started: A unit of Cboe Global Markets filed to list a bitcoin exchange-traded fund. Heres a roundup of the last two days in crypto: Charlie Lee, creator of the fifth-biggest cryptocurrency by value, said he Continue reading >>

Bitcoin Atm Near Me | Coinatmradar

Bitcoin Atm Near Me | Coinatmradar

There are many bitcoin ATMs worldwide on the map . Using search below you can find closest bitcoin ATM location by address with extra details like fees, limits etc. If you have not used bitcoin ATM before - here are some links that might be useful: Enter an address here (city name is enough, or full address if you want more precise results): Bitcoin machine gives an easy and fast way to buy and sometimes sell bitcoins for cash. Asking yourself where is bitcoin ATM near me ? Use our map to find closest locations. Among other details provided you can find online prices, bitcoin ATM fees and limits for many bitcoin machines. Don't know how to use a bitcoin ATM? Start with our tutorials: How to use bitcoin ATM for buying bitcoins and How to sell bitcoins for cash using bitcoin ATM . If you decided to run your own bitcoin ATM check how to launch a bitcoin ATM , what are the most important steps and processes to be organized. Continue reading >>

How Do I Go About Using A Bitcoin Atm If I Have A Coinbase Account. : Bitcoin

How Do I Go About Using A Bitcoin Atm If I Have A Coinbase Account. : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Bitcoin Atm Map Find Bitcoin Atm, Online Rates

Bitcoin Atm Map Find Bitcoin Atm, Online Rates

Bitcoin machine gives an easy and fast way to buy and sometimes sell bitcoins for cash. Asking yourself where is bitcoin ATM near me ? Use our map to find closest locations. Among other details provided you can find online prices, bitcoin ATM fees and limits for many bitcoin machines. Don't know how to use a bitcoin ATM? Start with our tutorials: How to use bitcoin ATM for buying bitcoins and How to sell bitcoins for cash using bitcoin ATM . If you decided to run your own bitcoin ATM check how to launch a bitcoin ATM , what are the most important steps and processes to be organized. Continue reading >>

What Is A Bitcoin Atm?

What Is A Bitcoin Atm?

What is a Bitcoin ATM and How to Use Bitcoin ATM Machines Last updated on October 10th, 2016 at 06:58 pm 2013 was the year of the cryptocurrency. From the (in)famous Bitcoin, to the silly, meme-inspired Dogecoin, everyone just seemed bent on jumping on the virtual currency bandwagon. Bitcoin, unarguably the most popular cryptocurrency today, is now being used by businesses of all kinds, from large corporations to neighborhood mom-and-pop stores. Despite the various setbacks that have plagued the Bitcoin community at the start of 2014, the cryptocurrency still prevailed. Is value today is stable at around the $500 to $600 range. Bitcoin is easy-to-use and convenient. It’s easy to see why a lot of businesses have started accepting bitcoins adopting it as a valid payment option for transactions. In light of this phenomenon, there are now “ATM” devices that can provide people with Bitcoins with just a simple click of a button. What is a bitcoin ATM? A Bitcoin ATM is a machine that allows people to buy Bitcoins with hard cash. Some machines allow selling of Bitcoins for money, but these kind of machines are often hard to come by. On October 29, 2013, Waves Coffee Shop in Vancouver, Canada, opened the world’s first Bitcoin exchange machine. The device is often comprised of a scanner, a cash dispensary, and a computer to manage the transactions. How to Use a Bitcoin ATM? Though there are a lot of Bitcoin ATM manufacturers today, their machines follow a basic operational process. Step 1: Open the QR code for your Bitcoin wallet on a smartphone. You can get a bitcoin wallet from Coinbase if you don’t already have one! Don’t forget to download Coinbase’s app for iPhone or Android from the AppStore or GooglePlay. Step 2: Then run the QR code under the bitcoin ATM m Continue reading >>

Bitcoin Price Surges Back; Thinking Of Buying? Here's What You Need To Know

Bitcoin Price Surges Back; Thinking Of Buying? Here's What You Need To Know

Bitcoin price surges back; Thinking of buying? Here's what you need to know Bitcoin, the privatized digital currency, regained much of its value after plunging 20 percent on Thursday, climbing back to nearly $10,500 by mid-afternoon Friday, and topping $11,000 again through Monday afternoon. The cryptocurrencys rocketing ride shows no sign of slowing. And opinions aboutthe Bitcoin phenomenon vary as wildly as its price. Some believe its the future of money. One eccentric internet pioneer predicts that 1 Bitcoin will rocket to $1 million by 2020. Intrepid speculators and hedge funds are snapping it up. Both the Chicago Board Options Exchange and Nasdaq plan to introduce Bitcoin futures, giving a trusted exchanges imprimatur on digital currency prices, which can vary around the world. Others warned last week that the mania around the cryptocurrency was a disaster waiting to happen :One Fed official suggested Bitcoin and other cryptocurrencies endangered the stability of the market if they achieve wide-scale usage. Bitcoin is a digital currency . Though some view it as money, unlike U.S. currency, it cant be touched or held. Its not guaranteed by any government, the FDIC, or any bank. It is largely unregulated and no single entity controls it. The record of every Bitcoin is kept on a decentralized network of more than 10,000 computers worldwide. Its birth in 2008, two months after the collapse of Lehman Bros. at the nadir of the financial crisis, is shrouded in mystery. No one knows who created it. Bitcoin and other cryptocurrencies can be bought on online exchanges such as Coinbase , bitfinex , or Gemini. The exchanges often will store the currency for account holders, though it is commonly held in an electronic wallet. Buyers arent required to purchase an entire Bitcoin Continue reading >>

How Does A Bitcoin Atm Work Or How To Use A Bitcoin Atm?

How Does A Bitcoin Atm Work Or How To Use A Bitcoin Atm?

How does a Bitcoin ATM work or How to use a Bitcoin ATM? A Bitcoin ATM allows users to buy and sell Bitcoins for cash. Bitcoin ATM’s can be more expensive than online transactions as the infrastructure cost is higher – i.e. building an actual ATM and the steps that are actually needed to transfer the money and Bitcoins. The first step is to scan her identification which the ATM then validates. Then the user feeds in some cash and generates a QR code from her wallet – a QR code being a large square of black and white pixels. Then the user sends the Bitcoins to the presented address. Some ATM’s generate a paper wallet – or offline wallet – essentially a bearer instrument of the Bitcoins. Bitcoin ATM’s are essentially money transmitting tools and as such the businesses come under FinCEN rulings and have to comply with Know Your Client and Anti Money Laundering procedures, or AML and KYC. Registering for money transmitter status can be costly and this means ATM providers have to knudge up fees. Typically fees are in the range of 5% and quoted prices are taken from large exchanges on a live basis . The company will try to manage its cash and Bitcoin exposure by balancing its inputs and outputs through live trading with its exchange – holding too much Bitcoin without hedging can introduce the possibility of large profits or losses. Other problems come with banking facilities as it has been extremely hard for bitcoin related businesses to get traditional banking facilities – so moving cash in and out can be problematic – hedging using various Bitcoin futures can be one method of mitigating risks involved due to volatile price fluctuations. Although the initial users of Bitcoin have been aficionados and enthusiasts, there are persuasive arguments for the sp Continue reading >>

How To Find And Use A Bitcoin Atm

How To Find And Use A Bitcoin Atm

Bitcoin ATMs are a really fast way to exchange crypto for cash A General Bytes Bitcoin ATM.General Bytes A Bitcoin ATM (also referred to as a Bitcoin kiosk) is a physical device used for withdrawing Bitcoin and other cryptocurrencies as cash. Users can also use Bitcoin ATMs to buy Bitcoin with money and have the purchased cryptocoins sent to their software or hardware wallets. Bitcoin ATMs don't generally interact with a traditional bank systems like a regular ATM and instead send and receive Bitcoin and other cryptocurrencies from a designated exchange service. Bitcoin ATMs allow users to convert their Bitcoin into traditional real-world money. They can also be used to purchase Bitcoin with money and have the cryptocoins transferred to their selected Bitcoin wallet. Many Bitcoin ATMs also support other cryptocurrencies such as Litecoin and Ethereum. Bitcoin ATM manufacturing is an industry that continues to grow and there are numerous companies that either create Bitcoin ATMS or offer similar Bitcoin-to-money conversion services. Two of the biggest Bitcoin ATM companies are Genesis Coin and General Bytes . Both of these companies manufacture and sell several different Bitcoin ATM models to a variety of business types in the United States. General Byte also exports machines to other countries as well. As with traditional ATMs, Bitcoin ATMs will vary slightly by manufacturer but the general functionality remains the same. Some will also support other cryptocurrencies in addition to Bitcoin. General Byte ATMs support the selling and buying of Litecoin , Ethereum , Monero, Dash, Dogecoin, among others. By far the easiest way to locate a Bitcoin ATM is to use Coin ATM Radar , a free online tool that lists Bitcoin ATMs in over 60 countries around the world. All you need to Continue reading >>

Best Coinbase Alternatives For Buying & Selling Bitcoin

Best Coinbase Alternatives For Buying & Selling Bitcoin

Best Coinbase Alternatives For Buying & Selling Bitcoin By: Sudhir Khatwani In: Bitcoin Last Updated: When it comes to buying Bitcoin , there are plenty of options out there. But when it comes to buying Bitcoin in your home countrys fiat currency, the options become fewer and fewer. When most people think of buying Bitcoin using fiat currency, they think about Coinbase . For those of you who dont know Coinbase, here is a quick intro: <br /> Can't load widget<br /> Coinbase is a US-based exchange. It the worlds most popular exchange to buy and sell Bitcoin , Ethereum , and Litecoin . They also support theinstant purchaseof these currencies via Visa/MasterCard credit and debit cards. You might think this is great, but theres a big problem At present, they only serve 32 countries. You can check if their service is available in your country here . It seems absurd that buying Bitcoin something famous for its open, borderless, and decentralized nature would be restricted because of where you are trying to buy it. Coinbase has said theyre trying to expand operations to 168 countries, but I doubt that. Why do I doubt that? Because Coinbase became the first exchange to be valued over $1 billion, and they recently raised $100 million . Even before this funding, Coinbase was already heavily funded, so if they wanted to expand support for 168 countries, they wouldve started by now. Moreover, I think Coinbase is more like a bank because of their high fees, limited accessibility, and their recent stance on Bitcoin Cash . Considering all these facts, there are several Coinbase alternatives out there which will help you get your hands on some Bitcoin. CEX is a London, UK-based exchange that has been operating since 2013. It supportsthe buying and selling of Continue reading >>

Bitcoin Atm Map - Find Your Nearest Bitcoin Atm

Bitcoin Atm Map - Find Your Nearest Bitcoin Atm

The Bitcoin ATM Map is no longer maintained. Please try CoinATM Radar for more current data. Contact us to add a Bitcoin ATM (Or BTM!) with the details once live. Location details are needed and proof of operation. Bitcoin-to-cash withdrawals are now available at 10,000 additional bank ATMs in Spain due to an agreement between Banc Sabadell and BTCPoint. What will be the hottest sector of blockchain this fall? Enterprise blockchain (bank innovation and DLT) Continue reading >>

How To Get Rich Off Bitcoin Or Lose It All While Trying

How To Get Rich Off Bitcoin Or Lose It All While Trying

Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events How to get rich off bitcoin or lose it all while trying A bitcoin ATMin Lithuania. The cryptocurrency has taken the world by storm.(Valda Kalnina/European Pressphoto Agency-EFE/REX/Shutterstock) To paraphrase Ronald Reagan, Here we go again. Bitcoin is on everyones lips this week and the price has gone nuts shootingpast$17,000 per bitcoin in Thursdays trading. It has rocketed up $5,000 in less than a week, prompting wall-to-wall news coverage that is giving Sen. Al Franken (D-Minn.), Russia, the FBI and even President Trump a run for their money. The value of the digital currency or cryptocurrency is up about 15 times this year. If you were around during the frenzy of the late 1990s dot-com bubble, the bitcoin mania might have a familiar cast: a new technology that was misunderstood yet spawning hundreds of companies and resulting in speculative trading. Heres a primer that might help demystify the new phenomenon for you investor types. It is an electronic form of currency that has no physical presence anywhere in the world. There are no physical coins like dimes, nickels and quarters. Bitcoins, like other cryptocurrencies, exist on the Internet. It is fundamentally a piece of computer code and software that verifies transactions, said JR Lanis, an attorney with Drinker Biddle. It can be any kind of transaction. It serves a purpose and derives its value by verifying transactions. That is the technology. Essentially, it is code that says, this is what it is. Limited supply. And, apparently, unlimited demand at least for the moment. People are buying up bitcoins, driving up the price of the 16.7 million coins in circulation to a tota Continue reading >>

Buying Bitcoin From A Las Vegas Atm Proves How Far Bitcoin Is From Replacing Real Money - Business Insider

Buying Bitcoin From A Las Vegas Atm Proves How Far Bitcoin Is From Replacing Real Money - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our The D in Las Vegas is one of the very few places in the city to accept bitcoin. Some Las Vegas restaurants accept payment in bitcoin, so I decided to try to buy bitcoin from a casino's bitcoin ATM. Considering the exorbitant bitcoin ATM fee, I have real doubts as to whether or not bitcoin has a real future as a currency. LAS VEGAS - I've been in Las Vegas for a whole week, but I've only gambled twice: when I played $1 on The Simpsons slot machine in my hotel, and when I tried to buy $1 (and then, another $10) of bitcoin from a casino ATM. I had heard that the D, a casino and hotel in downtown Las Vegas, had a bitcoin ATM that made it easy to buy and sell the red-hot digital currency. I was intrigued by my colleague's account of a bitcoin ATM in New York City, which he used to buy $5 of bitcoin back in September. So I figured, hey, Las Vegas is about taking chances, and so is bitcoin. I'm no cryptocurrency expert once, many years ago, someone sent me a super-tiny sliver of bitcoin that vanished when the app he used to send it shut down, and I haven't touched it since. So to get started, I went in intending to invest a single, solitary dollar. To use the ATM, I first had to download a bitcoin-wallet app, which you use to store your digital currency. I settled on Coinbase, from the $1.6 billion startup of the same name. I verified my account, easy-peasy, got my unique QR code to receive funds, and I was ready to go. The ATM experience itself started out smoothly. Before I even started, it told me it was valuing bitcoin at a hair over $15,000 per coin, meaning my $1 would buy the barest, tiny Continue reading >>

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