Another form of currency that has become available in the past few years is known as bitcoin. It was created in 2009 by an unknown source, under the alias Satoshi Nakakmoto. Bitcoin is an online financial network that people use to send payments back and forth. It consists of transactions being made with no middle men, which means you will never have to deal with a bank. You can do this all anonymously because you do not have to provide your real name. This allows you to purchase items, without having them know who is buying, giving you the privacy you desire.
Unlike the overproduction of government money, there are only twenty-one million bitcoins available, and that amount will never change. What does that mean for those looking to buy bitcoins? You won’t have to worry about inflation, instead you will only see the value increase as time goes by. Other great benefits include, the fact that it’s impossible to counterfeit, block payments, or even freeze bitcoin wallets. Which leads to a simple way to send and receive money, anywhere in the world, to anyone you would like.
Everything is done through the internet in order to gain access to your bitcoin. However, you can now use a bitcoin ATM if you’re away from home, which isn’t like your traditional ATM associated with banks. Instead it is used to primarily buy bitcoins with hard cash, and on a rare occasion some of these ATMs will also sell them. Although they will charge a fee to use it, it is a much easier way to buy and sell your bitcoins.
Now that you have an idea on what bitcoins are plus how and where you can purchase them. It’s time to put all this knowledge into use and find the closest bitcoin ATM to you. Take control of your currency without having to worry about dealing with bank.