In the world of Bitcoin and digital currency, convenience plays a key role for a majority of the userbase. Buying Bitcoin in a convenient manner remains a challenge for most novice users, as they would prefer to use traditional payment methods such as PayPal and credit cards. Coinizy, on the other hand, is doing something different by launching the world’s first Bitcoin to PayPal exchange.
Buying Bitcoin still remains one of the biggest hurdles to overcome for the mainstream audience that the community so desperately wants to reach. Once a person runs out of Bitcoins in their wallet, they have to look for a quick and convenient place to purchase more coins. This is not always an easy task, but Bitcoin startup Bitnik Reload aims to change all of that.
One of the most popular ways of buying and selling Bitcoin in exchange for fiat currency comes in the form of a Bitcoin ATM. Similar to how a bank ATM operates, Bitcoin Teller machines can accept fiat currency bills or hand them out, depending on which type of action the consumer takes. But how is the Bitcoin ATM landscape looking today? Let’s find out!
It will only be a matter of time until centralized Bitcoin services will feel the wrath of the traditional financial ecosystem as we know it. Several Bitcoin exchanges have been struggling to find reliable banking partners in recent years and certain banks started halting all transfers involving Bitcoin. But when Bitcoin service providers start freezing funds and banning bank accounts themselves, things are starting to look very worrying.
Even though many customers are still struggling with the idea of purchasing Bitcoin from an exchange through bank transfer, there are other solutions available. Not just in the form of using Bitcoin ATMs, which are also a great way to buy Bitcoin. Bitcoin exchange 247Exchange is making the process of buying Bitcoin with a credit card even smoother than it was before.
Making The Bitcoin Buying Process More Consumer-friendly
In our latest article on how to buy Bitcoin, we mentioned that using a credit card is not possible when it comes to Bitcoin from most traditional exchanges. However, there is one emerging exchange that has integrated card payments for buying Bitcoin into their platform. 247Exchange.com is best known for allowing purchases and withdrawals through most major credit cards.
More and more Bitcoin wallet providers are starting to explore the possibilities of launching mobile buy-and-sell functionality within their application. In the case of Bitcoin wallet provider Airbitz, the customer is not necessarily tied to using one specific Bitcoin exchange for buying and selling goods. For the time being, this feature will only be available to US customers, but the company hopes to expand the service on an international scale relatively soon.
Bitcoin is often referred to by mainstream media as an anonymous digital currency, with a high potential to attract hackers and scammers. However, Bitcoin is not anonymous, nor has it ever been, nor does it need to be. But that doesn’t mean people wouldn’t mind selling their Bitcoins anonymously and withdraw fiat currency from any bank ATM at their disposal.
Coins.co.th Allows Anonymous Cardless ATM Withdrawals
Selling Bitcoin in exchange for fiat currency is a process that has been simplified in recent years. But not every Bitcoin user likes to use a Bitcoin exchange to sell coins, mostly due to the identity verification procedures attached to those platforms. On top of that, Thailand is an underbanked nation, and most Bitcoin exchanges only pay out via wire transfer.
The current financial situation in Greece is causing both excitement and trepidation in the Bitcoin world. Whereas many speculators believe that Bitcoin is seeing a price increase due to the pending Grexit, there are no official statistics to stave that claim. But that isn’t keeping major exchanges from trying to cater to the Greek population either.
Greek Citizens Inquire About Bitcoin
With the Greece economy on the brink of collapsing, citizens are looking for alternate ways to get rid of their money which is being tightly controlled by the banks. However, the options are fairly limited for the Greek population, especially because it is almost impossible to move your funds out of the country right now.
Many digital currency enthusiasts around the world are very excited about the new peer-to-peer trading platform Coinffeine, which is currently in private beta testing. Rather than using the traditional approach by the major exchanges, Conffeine is trying something entirely different and aims to improve the model set by LocalBitcoins.
Coinffeine To Solve Lack Of P2P Trading Options?
In the world of Bitcoin and digital currency, there are two types of exchanges: traditional exchanges such as Kraken or Bitstamp, which hold your funds until you execute a buy or sell order. On the other hand, there are peer-to-peer exchanges like LocalBitcoins, who never touch user funds and match buyers and sellers, rather than buy orders and sell orders.
The battle to become Canada’s next major Bitcoin exchange is far from over, as more and more companies are focusing their attention on that region of the world. The latest major name to join the fray is none other than popular global Bitcoin exchange Kraken, thanks to a partnership with Vogogo.
Kraken Sees Potential in the Canadian Market
It goes without saying that expanding the Bitcoin exchange business to Canada is a logical step for any established company in the space. With most of the major Canadian Bitcoin exchanges shutting down in 2014 and 2015, there is a power vacuum that needed to be filled by other companies, such as QuadrigaCX.
Catalan-based Bitcoin company Bitchain recently installed two additional Bitcoin ATM’s in the city of Barcelona. What makes these machines so important, is that one of the ATM’s is installed in one of Barcelona’s major shopping centres, which is the first of its kind to be placed in such a high-profile location.
Bitchain – Bringing Bitcoin To The Masses At Convenient Locations
The mission of Bitchain is simple to explain: bringing digital currency to the masses at high-profile locations by using convenient methods. Rather than following the lead of companies offering over-the-counter purchases of Bitcoin, Bitchain sticks with the more traditional business model of deploying digital currency ATM’s in Spain.
One way to get Bitcoin into the hands of more everyday consumers is by creating more convenient ways to acquire digital currency. In Taiwan, you can walk into most major convenience stores and buy Bitcoin over-the-counter or from a terminal. But for those of us who would rather stay at home to buy and sell Bitcoin, MonetaGo may be of particular interest to you.
MonetaGo Available in 40 Countries
Whenever a new Bitcoin exchange platform launches, it’s usually without a joyous parade because it is a very local launch. With MonetaGo, however, there are no parades either, but they have launched their services in 40 countries simultaneously. In doing so, the company has already taken up a “global” presence, something that many smaller exchanges struggle with at the moment.
Despite Bitcoin being associated with nefarious activities and often being dubbed as “magic internet money”, there is a vast interest in people who want to obtain a piece of this digital currency. Overall Bitcoin trading volume has been increasing over the past year or so, and peer-to-peer marketplaces such as LocalBitcoins have seen a tremendous growth in volume as of late.
LocalBitcoins – Peer-to-peer Bitcoin Trading On The Rise
Exchanging Bitcoin to and from local fiat currency can be done in multiple ways. Due to Bitcoin’s decentralized nature, there is no need to rely on exchange platforms to complete trades, even though their engines match buy and sell orders automatically. Proper Bitcoin exchanges are a luxury and a convenience, but not a necessity.
Bitcoin platforms around the world are constantly monitoring their security implementations, and they are forced to adapt where necessary. The traditional “username and password” combination is far from secure, and most services will allow you to set up two-factor authentication as an additional layer of security. BitQuick, on the other hand, has integrated Clef 2FA into their platform, which also removes the “password” part from the equation.
Clef 2FA – Eliminating Passwords
When it comes to using any online service, the more traditional way of accessing your account occurs through entering a username and password. Even though you can generate fairly secure passwords these days – by using tools such as LastPass – it is not the most secure solution to protect customer data.
So many mobile bitcoin wallets to choose from, and we are still looking at one that will suit my personal needs. Even though some fantastic candidates have been reviewed already, you just never know what the next mobile Bitcoin wallet might bring to the table. Keeping that train of thought in mind, let’s take a look at SpectroCoin Bitcoin Wallet!
SpectroCoin – The All-in-one Bitcoin Solution
Most of our readers have probably never heard of SpectroCoin before, even though we recently did an article on their progress regarding Bitcoin in the Baltic states. But have no fear, as we will quickly recap what this company does and why they think their services can become invaluable to Bitcoin users worldwide.
When you run your own business, there are certain important elements you need to take into account. One of those elements is marketing, especially when you are trying to sell something to customers around the world. Let’s say you wanted to attract more Bitcoin customers, how would you go about doing that, combined with a marketing effort? Btzsy is here to help you do exactly that.
We all want the most fiat currency for our Bitcoin when we are forced to sell this beloved digital currency. However, it is not as easy as you might think to find the best price, especially not when you need some quick cash. But when a Bitcoin platform with 0 information about its team claims to offer you 10% on top of the current market price, something definitely smells fishy.
Purchasing Bitcoin in Germany has become somewhat of a hassle over the past year. Things started going south when LocalBitcoins announced they would no longer operate in Germany due to regulatory issues. A few months ago, German/Austrian bank Sparkasse decided to reverse Bitcoin-related bank transfers with or without any warning. But have no fear, as things are looking up again thanks to Giropay and Coinimal.
Coinimal is an Austria-based Bitcoin startup with one simple goal : simplifying the Bitcoin buying process in order to make it more appealing and accessible to novice users. Buying Bitcoin and other digital currencies is only part of Coinimal’s services though, as the platform also lets users sell their digital currencies in exchange for fiat currency.
When it comes to converting Bitcoin back to fiat money, there are quite a few different options users can choose from. The most obvious choice is to sell your bitcoins to a Bitcoin exchange, and have them send you the fiat currency to your bank account. Option two is having bitcoins converted to fiat and use one of the many Bitcoin Debit Cards available to you. Option three is to find a Bitcoin ATM near you, which is a two-way machine, and sell bitcoins directly to the machine. But surely there must be an easier way?
Bitcoin adoption and awareness has been on the rise over the past few years, and as a result we see more and more mobile applications being developed which focus on the using and storing digital currencies. The “killer” application has not come across our radar yet, but several companies are coming up with interesting mobile solutions for Bitcoin. LazyPay, a mobile application developed by the LazyCoins team, looks to stand out from all the other apps, so let’s see what they have in store for us.
What is LazyPay?