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.