In addition to buying things with Bitcoin, one of its awesome uses is that you can securely send digital money to anyone who has a Bitcoin address, and the transaction fees, especially for larger transfers, are generally much less than methods like Western Union, MoneyGram, and similar providers. The fee for sending Bitcoin to someone […]
What is Bitcoin mining? Simply put, Bitcoin mining is the process of using computers to discover, confirm, and add Bitcoin digital transaction records to the public ledger, or blockchain. Miners receive a small portion of Bitcoin for each transaction they add to the blockchain, as an incentive to mine, since it takes specialized computer hardware, […]
How many Bitcoins exist? It’s not unlimited! There are only 21 million Bitcoins that WILL ever exist, and this cap is predicted to be reached by around 2140. The inventor(s) of Bitcoin (pseudonym Satoshi Nakamoto) set this limit in order to establish scarcity, which increases value. Read more about why only a limited number of […]
What is a Bitcoin Worth? The price of Bitcoin fluctuates with trading activity and changes from day to day, hour by hour. In basic economic terms, value is determined by scarcity, utility, supply, and demand. When something is useful, or has utility, and is in rare supply (has scarcity), and people want to buy it, […]
Check out our quick video where MICA (our Mobile Interactive Coinsource Assistant) explains how to use cash to buy Bitcoin at one of our Bitcoin ATMs. You can subscribe to our YouTube channel here!
MICA explains how easy it is to get started with Coinsource so you can buy and sell Bitcoin at any of our Bitcoin ATMs. Follow us on Vimeo!