There are thousands of different types of cryptocurrencies available today making it nearly impossible for non-experts to keep up. Many have appeared on the scene only to fail and disappear before most people were even aware of their existence. Cryptocurrency is digital or virtual money that takes the form of tokens or virtual coins. The […]
What is a Remittance Service?
A remittance is simply a payment. Remittance services accept money on behalf of a sender, and send it to a recipient based on instructions from the sender. Bills can be paid by remittance services, and/or money can be sent to an individual. Typically remittance services accept funds via wire transfers, mail, bank drafts, checks, and […]
What’s the Difference Between Bitcoin and Bitcoin Cash?
Cryptocurrency is such a new concept in the financial technology world, and is so rapidly evolving and growing, it’s hard to keep up with what the different currencies are and how they differ from each other. Bitcoin was first created in 2009 and since then, many other cryptocurrencies have emerged and many have already failed […]
Is Bitcoin Legal?
As with most innovative new technologies, there are many misconceptions and flat out inaccuracies surrounding the digital cryptocurrency bitcoin. Many don’t really know what it is, let alone how it works or if it’s legal. Information about bitcoin is all over the internet and news media, but much of it is opinion or is just […]
Can I Withdraw Cash from A Bitcoin ATM?
This is a popular question that we see from users of our Bitcoin ATM kiosks. Do Bitcoin ATMs give cash or is it only possible to insert cash? Can I sell Bitcoin at a Bitcoin ATM or can I only buy Bitcoin? The simple answer is YES, you can withdraw cash from a Coinsource Bitcoin […]
How Does a Bitcoin ATM Work?
You may have noticed that in many of the usual locations where you can find a bank ATM, like convenience stores and gas stations, there’s another kiosk right next to the bank’s kiosk that says it is a Bitcoin ATM. Question: So how does that work? Bitcoin is a digital cryptocurrency, so what exactly can […]
What is Bitcoin?
Bitcoin is a digital type of currency, but it is not the same as other forms of digital money like credit cards, wire transfers, Paypal, or other electronic services. Those are all controlled by banks, using a “centralized” ledger that keeps track of who owns what. Each account holder is tracked in this ledger, along […]
How Can I Spend Bitcoin?
Now that you own Bitcoin, you may wonder what you can purchase or pay for with it. Here are four options for spending Bitcoin: Option 1 – Bitcoin debit cards Sign up for a bitcoin debit card service which enables you to spend your bitcoin anywhere that Visa or Mastercard is accepted. The two forms […]