Just How Different is Crypto from Fiat?
Before we unwrap all of the differences between cryptocurrency and fiat currency, let’s get a base definition of each of them.
Fiat is most likely the type of currency you’re more familiar with. Fiat’s literal definition is, “a formal authorization or proposition; a decree.” This extends into the context of fiat as a currency. Put simply, fiat currency is government-issued but not backed by any other commodity like gold or silver. The most obvious example of this is the United States dollar (USD), now that it’s off the gold standard. …
5 Little-Known Coins You Can Buy at Coin Cloud Bitcoin ATMs
We know you’ve heard of Bitcoin. And maybe a few other popular digital currencies like Bitcoin Cash, Litecoin and Ethereum. But did you know you can trade upwards of 30 virtual currencies at any Coin Cloud machine? Some you’ve heard of and some you probably haven’t.
You’re likely familiar with Ethereum’s Ether coin (ETH) and maybe even Tron’s TRX. These are smart contract blockchains, which use “If This Then That” (ITTT) logic to execute various actions, programmed on the blockchain. …
Why Coin Cloud Machines are More than Just Bitcoin ATMs
People often ask, “Why do you guys call your kiosks Digital Currency Machines (DCMs) instead of just Bitcoin ATMs (BTMs)?” And the reason is that Coin Cloud machines do a lot more than the units being touted as “Bitcoin ATMs.” Realistically, Coin Clouds are more like ATMs than any other brand, but since they’re all using that name already, we had to adapt a bit.
We had so many customers tell us Coin Cloud machines were the easiest to use that we had to find out why. So, we went…
5 World Issues Solved by Bitcoin ATMs
What is a Bitcoin ATM, besides a machine that allows you to buy (and sometimes sell) digital currency for cash? It might seem like just a simple Bitcoin version of an ATM at first, but in fact these machines serve far greater purposes.
Life is full of uncertainties, especially in modern pandemic-ridden times. Those who feel the most secure about the future tend to be those with economic freedom — and yet unfortunately it’s not available to everyone. …
5 Things BTMs Do Unlike Anything Else
There’s no doubt that Bitcoin ATMs are unique. I mean really, who thought up having a physical machine to purchase virtual currency? Crazy, right?
But beyond the 3 things you didn’t know about Bitcoin ATMs, these machines are pretty cool, very useful, and fill in a lot of gaps.
Bitcoin ATMs offer one of the few ways to automatically turn cash into crypto, with no appointments or negotiations required. You just walk up to the machine, put in your cash, scan your phone and voila, you’re done. Nothing else does that.
5 Types of Wallets You Can Use at a Coin Cloud BTM
To use a Bitcoin ATM, you need a mobile wallet. It can be any mobile wallet, really, as long as it has the ability to generate or scan a QR code. But certain wallet types will give you a better user experience at a BTM.
These are going to fall into several categories, including custodial vs non-custodial, software vs hardware and hot vs cold.
How Long Does It Take to Sell Bitcoin at a Bitcoin ATM?
Yesterday we talked about how long it takes to buy bitcoin at a Bitcoin ATM. But did you know that SOME Bitcoin ATMs also let you sell your bitcoin for cash?
Only around 20% of all Bitcoin ATMs have the functionality to let you cash out. But 100% of Coin Cloud BTMs do! And that accounts for over 60% of all two-way Bitcoin ATMs in the USA.
So today we’ll answer the question of how long it takes to sell bitcoin at a Bitcoin ATM.
While the basic…
How Long Does It Take to Buy Bitcoin at a Bitcoin ATM?
You’ve probably heard horror stories about how long Bitcoin transactions take. What, six hours to buy bitcoin? What about six days?
There are lots of different reasons why some transactions could take a long time. And other reasons why it could take only a few minutes. Read on to understand why transactions take the time they do, and which option is the fastest one.
OK, so let’s start off with the basics. It takes about 10 minutes to write one block to the blockchain. Each block has multiple…
3 Things you Didn’t Know About Bitcoin ATMs
Bitcoin ATMs have been around for seven years now. The first one was installed in Canada, at a Waves coffee shop in downtown Vancouver, BC, on October 29, 2013.
Since that first BTM we have seen over 11,000 machines installed worldwide, and more than 9,000 in the USA alone.
The industry shows no sign of slowing down, because Bitcoin ATMs provide the only way to quickly and easily trade cash for crypto (and/or crypto for cash) without the need for a bank account or debit card — and even without having to…
Process for Sending Bitcoin to Somebody Else
Last week we talked about how Bitcoin transactions work. Today we’re going to take a closer look at sending bitcoin to somebody else, or how to pay someone with bitcoin. The same process is also used for moving or selling your own bitcoin.
The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.