A new step for Bitcoins, a Bitcoin ATM is coming out and this time in Asia. This new ATM will be based on Hong Kong. more specifically Mongkok area, and according to the operators it will be functional by the March-April time period.
The adapters of this new Bitcoin ATM concept announced they will be offering the best Bitcoin price through a partnership with Bitcashout.com an established exchange.
The ATM will provide a comfortable user-end, fast transactions, and security to provide the most customer-friendly service.
This new ATM will offer the ability to purchase Bitcoins using fiat with ease, rather than wasting time waiting for bank-wire and other less advanced methods.
The operators of this new Bitcoin ATM decided to use an innovative and a low-cost bounty system, awarding Bitcoins for different contributions from the crypto-community for such as articles,video and similar.
What is Bitcoin?
Bitcoin is an innovative payment network and a new kind of money.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open source; its design is public,nobody owns or control Bitcoin and everyone can take part.
Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. More info
The bitcoin system is one of the first types of crypto-currency which has existed in the market since January 2009. What makes bitcoin different from regular currencies is the fact that bitcoin uses cryptography to monitor and control the creation and transfer of the currency between different parties. Bitcoins are generated over time at a diminishing rate, and the maximum amount of bitcoins in the market at one time is 21 million units. The usage of bitcoin eliminates the need of a third party when it comes to completing online transactions.
What makes bitcoin different from other online currency systems like Paypal is that the currency is decentralized. This means that no group or organization has a control over it. This is unlike real currency that is monitored by central authorities. Real currency is controlled in terms of the printing and distribution of coins and notes to the public. And compared to other online payment systems, there are little to zero charges to transfer bitcoins. Using bitcoins will be especially useful for businesses which carry out a majority of its transactions online.
To start using bitcoins, all you need is a bitcoin wallet. Since bitcoin is a virtual currency, you cannot hold it physically, unless you exchange it for goods and services. Your e-wallet is where your bitcoins are kept secure. E-wallets are convenient and easy to use. You can find many bitcoin wallet providers like My Wallet from blockchain.info.
Your bitcoin wallet can also be accessed via your smartphone. Having a smartphone will enable you to sell and buy bitcoins wherever you are. Apple blocks bitcoin wallets from its App Store. But if you are an Android user, many mobile apps are available for you to transact using bitcoins.
And if you feel that your bitcoin wallet is unsafe, you will want to have desktop clients to store actual bitcoins onto your laptop or PC. When you start a wallet, remember to save the file on the computer and back up the file. Make multiple backups if you feel insecure. Using bitcoins give users a sense of safety, as they are not relying on other parties like banks to take care of their funds. Most users will prefer to use the original software which has been around since the inception of bitcoins – the Satoshi Client.
After creating your wallet, you are on the way to selling and buying bitcoins. There are many ways that you can obtain this online currency. The methods include buying it from various sellers, receiving it in the form of product sales, doing actions and fulfilling conditions to obtain free bitcoins and also by mining bitcoins – only for advanced users. Bitcoin is a growing currency and will most definitely be one of the top items in the online world in the near future. For more information about bitcoins and bitcoin wallet, feel free to search the Internet for more information. With the usage of bitcoins, you will be able to earn extra income and you will have an additional way to receive and make virtual payments. More info
When you hear of the word investment, what comes to your mind? Usually it is money or acquiring anything that has value. Investing your hard earned money is a wise decision especially if you have excessive amount of earnings that is too much for your daily needs and expenses. An investment can be in the form of money, or a piece of land, and the like. However, the best investment are the ones that will not be requiring your presence for every moment, investments that will give you earnings even if you are not around to control and manage it.
Why not try bitcoin for investment? Bitcoin is a decentralized online currency. Bitcoins amount can vary anytime. For example, you can buy a bitcoin for $1.2 and then you can check for a bitcoin chart to see its value. Sometimes the amount of a bitcoin can rocked up to $8.5 per coin. So it is pretty amazing to think that if you will buy 1000 bitcoins, you can have $8,000! That’s why it is better for you to check for its current value before doing any bitcoin transaction.
More About Bitcoin
Bitcoin is not a filesharing software. In this case, you don’t have to be worried for other people to see your files or information. Also, the value of bitcoin is depends on the scale of supply and demand. So, it also requires patience and awareness. You have to make sure of the currency exchange rates as well. You have to make sure that before processing a transaction with your bitcoins, the rate is fair enough or high for you to earn more. As well, one of the tricks on bitcoin investment is that it uses the concept of “mining”. There are some ways that you can find to earn or generate bitcoins. So you better do some researching in order to generate more income.
In every investment there is a risk that you have to take. And it is not different on buying and mining for bitcoins. However, if you will be clever enough and if you will play your cards right, you will definitely earn a lot of money. One of the risks on bitcoin investment is that you may be charged for a transaction fee. Some may charge you for 7% or more, that is why many people are still hesitant to try bitcoin for investment.
With the growing influence of internet, digital storage and financing has been one of the greatest benefits that it has given. So why not use it in your advantage. Onother good thing on bitcoin is that you can be assured that you’re investment is always in safety and secured. As well, one of its advantages is that digital storage is getting cheaper and cheaper. Besides to the fact that processing is fast and will not take too much of your time. All you have to do is sit in front of your computer and monitor it from time to time. It will save your time and energy and you can still do other things and earn more. More info