Tag Archives: bitcoin

French court officially recognizes Bitcoin as money

French court officially recognizes Bitcoin as money

Bitcoin France

Bitcoin France

The Nanterre commercial court in France has ruled that Bitcoin (BTC) is recognized as a currency

– a development that could have a significant impact on the cryptocurrency market in France. Recently, financial regulators in Germany have classified cryptos as financial instruments, which further promotes the increasing legalization of digital currencies. The judge stated that Bitcoin is an “interchangeable, intangible good”. Therefore, the cryptocurrency would be similar to other currencies like the euro. According to lawyer Hubert de Vauplane from Kramer & Levin, this decision means that Bitcoin is legalized as money. In his view, the number of Bitcoin transactions from France could now increase significantly. In addition, Bitcoin can be linked to investment and savings products. For example, loans could be provided with Bitcoin as security.

Litigation between crypto exchange and British investors. The judgment came about due to a legal dispute between the French crypto exchange Paymium and the British investor BitSpread. In 2014 Paymium BitSpread borrowed a certain amount in Bitcoin. According to the hard fork of Bitcoin, which created the cryptocurrency Bitcoin Cash, every Bitcoin owner received Bitcoin Cash in a ratio of 1: 1. The question then arose whether BitSpread would have to repay the free BCH (for the loan) to Paymium. It ultimately decided that Bitcoin Cash belonged to BitSpread, just like dividends paid to a shareholder.

Article Produced By
Breaking Bitcoin News



Thomas ClaimCo.in

Bitcoin’s halving could push coin’s price to just above mining costs’

Bitcoin’s halving could push coin’s price to ‘just above mining costs’

Bitcoin’s halving is just 51 days away, but the debate on Bitcoin‘s price gain/loss post the big event has been going on for a long time.

While some people believe that the halving is already priced in, others are of the opinion that the halving might result in the price of the world’s largest cryptocurrency. For context, the halving happens every four years and it reduces Bitcoin’s block reward by 50%. The upcoming May halving will reduce the block reward from 12.5 bitcoins per block to 6.25 bitcoins per block, and supply inflation from 3.72% to 1.79%. In fact, a recent Kraken report had noted that this would be the first time Bitcoin’s inflation rate would fall below the 2% inflation target used by most central banks for their respective fiat currencies. The attached chart pictures the performance of Bitcoin post its previous two halving events. The first halving took place on 28 November 2012, when the price was $12.50, while the second halving took place on 9 July 2016, when the price of Bitcoin was $650.

Data suggests that Bitcoin’s price has always recorded bullish movement over the long-term, post its halving events. Alas, the coin might not follow the same pattern this year, given the economic fallout caused by the COVID-19 pandemic. However, with many institutional investors entering the crypto-market in recent times, the impact of 2020’s halving might possibly explain whether previous Bitcoin price increases were in fact caused by the block reward halving, or if they were merely a coincidence. Popular trader Peter Brandt recently tweeted that the impact of the block reward halving is less relevant for Bitcoin’s (BTC) price. He referred to Bitcoin’s halving as ‘Grossly overrated.’ In fact, just a few days ago, Mike Novogratz, CEO of Galaxy Digital, had also noted that when it comes to the direction in which the Bitcoin price is headed, it is always a “confidence game.”

Interestingly, on a recent podcast, Bitcoin miner and cryptocurrency investor Kris, being someone who has got skin in the game, gave his predictions for the upcoming halving. Noting that there were a lot of new elements in the Bitcoin ecosystem at present on the institutional end, he asserted that the price of Bitcoin would go up, post the halving event, not to a $20,000, but somewhere between $9,000 -$12,000, “just above the mining costs.” This is a crucial observation as many speculate that Bitcoin’s struggling price, coupled with the upcoming block reward halving, could lend a blow to the fortunes of miners, especially smaller miners, since they won’t even be able to break-even, pushing them to abandon mining altogether or selling their rigs to larger pools. If post-halving, the price of Bitcoin is indeed “just above the mining costs,” miners may be more inclined to stay in business.

Article Produced By
Rakshitha Narasimhan

A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.


Thomas ClaimCo.in

Does regulating Bitcoin other cryptos come at the expense of privacy?

Does regulating Bitcoin, other cryptos come at the expense of privacy?

For cryptocurrencies, there is a lot left to be desired regarding the regulatory landscape surrounding it.

While many still view it as a nascent innovation in the converging worlds of finance and tech, it is impossible to overlook the fact that cryptocurrencies such as Bitcoin have existed for over a decade and still lack a robust regulatory infrastructure to support their growth. In an interview with AMBCrypto, Jesse Spiro, Chainalysis’ Head of Policy, echoed a similar sentiment and highlighted how better regulations can result

in increased adoption.

“By adopting a clear regulatory regime that aligns – and in some cases exceeds – that of traditional financial services, a level playing field will be set, and many of those pre-existing risks will be mitigated. This will bring increased financial integrity to the ecosystem, which will hopefully harmonize with traditional financial services and lead to real growth and widespread adoption.” 

In fact, clarity in regulations is an issue that has been at the forefront for a long time now. Earlier this year, for instance, SEC Commissioner Hester Peirce had presented the safe harbor proposal to address this very issue, a proposal which many thought to be flawed, despite being a positive step towards more crypto-clarity. Despite such proposals, however, challenges remain.

In a recent episode of the On the Brink podcast, Patrick South, VP of Development at the Chamber of Digital Commerce, highlighted some of the challenges faced by crypto in the current regulatory environment. The last few months have seen increased efforts across the world to curb cryptocurrency’s possible role in money laundering, terror financing, and other nefarious activities. The European Union’s 5AMLD guidelines and the Financial Action Task Force’s (FATF) crypto travel rule were introduced and strengthened keeping this goal in mind. Commenting on the FATF’s travel rule,

South highlighted,

“It requires virtual asset service providers, someone like an exchange, to record and transmit personal identification data when transferring a thousand dollars or more between two party’s wallets that are both hosted by a virtual asset service provider.”

According to South, this may pose a significant threat to individual privacy and also raise concerns regarding cybersecurity.

He added,

“A lot of challenges right now associated with developing a fully functioning system around the travel rule in a landscape where regulatory bodies haven’t implemented licensing, or registration regimes, or frankly, may not value privacy and cybersecurity in the same way as the US thinks about this.”

While South’s concerns regarding privacy are significant, data from Chainalysis shows that in 2019, crypto-exchanges were a popular off-ramp for illicit cryptocurrency transactions. The report in question had stated that over the course of 2019, $2.8 billion in Bitcoin from criminal entities went to exchanges. This could be one of the reasons behind the FATF’s travel rule requirement under which, personal identifiable information is to be shared during transactions.

Article Produced By
Jude Lopez

Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.


Thomas ClaimCo.in

China’s Changing Perception of Bitcoin: Bitkan CEO Shares Insights After 7 Years in Crypto Industry

China's Changing Perception of Bitcoin: Bitkan CEO Shares Insights After 7 Years in Crypto Industry

Since the advent of bitcoin in 2009, cryptocurrencies have gone from being a niche topic for tech nerds to ubiquitously recognized

— if not always understood — staples of modern finance. Bitkan CEO Liu Yang recently took some time out to give news.Bitcoin.com a peek into the Chinese bitcoin community and its changing ideas and perceptions of crypto, throughout Bitkan’s seven years in the business. Though general narratives have changed and evolved, and the recent covid-19 crisis impacted markets, the CEO says that overall China is still bullish on bitcoin.

Following Bitcoin, Forming Bitkan

An integrated platform for multiple crypto services, Bitkan was launched in March 2013 by former members of China tech giant Huawei‘s R&D department. CEO and co-founder Liu Yang was head of the Huawei Wireless Technology R&D department at the time, leaving to pursue business in crypto when, according to Bitkan, “most people saw Bitcoin as a Ponzi scheme.” “Bitkan started out as a geek product,” the company told news.Bitcoin.com. “The actual time that Bitkan was created was back in December 2012. At that time, most of the major exchanges for bitcoin geek players in China were all from abroad, hence Chinese bitcoin community users need some market alerts tools to facilitate price monitoring.” After launch in 2013, the Bitkan platform grew to be a hub for market data, and an OTC and aggregated trading platform with an active community.

Chinese Community’s Perceptions of Bitcoin Change, OTC Trading Remains Popular

According to CEO Yang, bitcoin was initially a point of general intrigue for Chinese, but soon “went from being an item of curiosity to becoming deemed a Ponzi scheme by the Chinese community.” From there, the perception evolved.

Yang elaborates:

Towards the end of 2014, everyone began to focus their attention onto blockchain technology. After the ICO wave in 2017, Bitcoin was characterized as a revolutionary digital currency. After the madness at the end of 2017, people have generally heard of Bitcoin. The common man is still rather wary of cryptocurrency while some people regard Bitcoin as the best digital investment product.

When it comes to China’s legal restrictions on the crypto industry, and OTC trading in the country, Yang told news.Bitcoin.com there will always be a demand. “I would say that there is always a demand for OTC trading. Due to restrictive legislation on exchanges, the need for OTC will continue to exist to satisfy investment and trading needs. Thus, after regulations, OTC transactions will inevitably develop more vigorously than before.” Yang makes a small caveat: “However, from the perspective of the entire crypto market, I would say that the number of users are declining as a whole. This is due to regulation and the price of bitcoin.”

Covid-19 Crisis and Ensuing Market Slump

“I think the financial crisis has arrived. In other words, we are already caught in it,”

Yang asserts.

Incidentally, the financial crisis this time is not quite the same as the financial crisis of 2008. This time, as the epidemic situation worsens, many production lines and commerce have stagnated. This may cause a more significant harm to the markets.

Noting government efforts to stem some of the economic carnage, Yang details: “From China’s $7 trillion planned infrastructure spending to U.S. interest rate cuts and the $400 billion plan to boost their economy to protect their businesses, we can see that global governments will likely take steps to save the markets.”

He also notes that some Chinese see the covid-19 crisis and ensuing crypto market plunge demonstrating “a certain degree of correlation between bitcoin and gold” as they have not appeared to follow the S&P stock market index in more recent events. “We can see that the [crypto] price slump this time happened after the plunge of the U.S. stock market and crude oil,” he elaborates. “Likewise, it has also led to gold to fall as well. This morning (March 19), the S&P 500 circuit breaker occurred for the fourth time this month. However, gold did not fall together with the index and neither has bitcoin.” Yang views the recent plummet in crypto prices as “a rapid deleveraging process” which will ultimately help crypto. “In the long run, it is conducive to the long-term development of cryptocurrencies. After this plunge, the development of cryptocurrencies will be more healthy and positive.”

Despite a Rough Start to 2020, China Still Bullish on Bitcoin

Challenges of the new year notwithstanding, Yang says that “when there is a crisis there are opportunities,” and “While some older traditional businesses may fall, at the same time, new business models may arise … the epidemic in China has actually accelerated the rise of e-commerce, remote working, online education and many other industries that were not that popular before.” He also predicts good things for

bitcoin’s price, detailing:

I think that this round of decline is the result of the leverage effect in the crypto market, and it needs to burst its bubble. There will still be some fluctuations, but all in all the market is likely to have a strong recovery within a year, and is very likely to exceed the previous all-time-high.

Bitkan’s goal into 2020 remains to make crypto investment easier by way of a “one-stop crypto investment platform,” the CEO notes. As for China, Yang maintains that there is a marked difference between speculators and investors, the latter typically remaining steadfast through storms while some of the former peel off in defeat, and summarizes: “Although the view of the Bitcoin community in China is still relatively fragmented, the overall voice of the community is still bullish as it is currently in a period of severe volatility.”

Article Produced By
Graham Smith

Graham Smith is an American expat living in Japan, and the founder of Voluntary Japan—an initiative dedicated to spreading the philosophies of unschooling, individual self-ownership, and economic freedom in the land of the rising sun.


Thomas ClaimCo.in

Bitcoin Could Hit 20000 Even as Coronavirus Crushes Global Markets

Bitcoin Could Hit $20,000 Even as Coronavirus Crushes Global Markets

Bitcoin believers waited for a global economic crisis for years,

hoping it would prompt investors to inject hundreds of billions of dollars into the cryptocurrency’s small, illiquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Coronavirus pandemic. The bitcoin-to-dollar exchange rate fell by more than 66 percent in just 28 days, hit by a global sell-off that crashed stocks, gold, silver, all in tandem. Professional investors sold part of their portfolios to meet their shareholders’ redemptions. Individuals got out to protect their retirement savings from steep declines. And some just left because they saw no hope for a market revival. But then, the market – especially that of bitcoin – has not lost everything.

The bitcoin-to-dollar exchange rate fell by more than 66 percent in just 28 days, hit by a global sell-off that crashed stocks, gold, silver, all in tandem. Professional investors sold part of their portfolios to meet their shareholders’ redemptions. Individuals got out to protect their retirement savings from steep declines. And some just left because they saw no hope for a market revival. But then, the market – especially that of bitcoin – has not lost everything.

Bye Bye, Weak Traders

Fundamentally, its crash from $10,000 to $3,900 has wiped out weak hands. Investors with higher risk appetite are still holding onto their tokens or buying it cheaper, according to data provided by HODL Waves. It shows that around 40 percent of the cryptocurrency has not left wallets in the past two years. Bitcoin holders data against price | Source: CoinMetricsBloqport, a crypto data analytics firm, drew a similar conclusion, highlighting that bitcoin’s price halving didn’t deter long-term investors from holding it. On the contrary, the plunge attracted them to

buy bitcoin at cheaper rates.

“Despite a ~50% drop, most Bitcoin addresses remain untouched,” Bloqport tweeted. This implies that those who bought simply to trade or for short-term profit have been squeezed out. Those remaining are long-term believers with high time preferences. This is incredibly bullish.”

Long-term Technicals Hint Rally

As Coronavirus fails to shakedown ‘HODLING’ sentiment, bitcoin has recovered by more than 40 percent following its steep decline to $3,858. Many could ignore it as a dead cat bounce scenario. But a long-term outlook shows that bitcoin has bounced back after testing a significant support level. BTC/USD tests Symmetrical Triangle support | Source: TradingView.comSo it appears, bitcoin is trending inside a giant Symmetrical Triangle since late 2017, confirmed by a series of sequential troughs and peaks forming two trendlines that converge at a roughly equal slope. The height of the Triangle is about $18,000. Bitcoin is testing the Triangle Support (lower trendline) for a pullback, which means it has the potential of bouncing back towards the Triangle Resistance (upper trendline).

The price could keep consolidating within the Triangle range for the remainder of 2020, albeit staying below $6,000.But a breakout above the Resistance could lead bitcoin up by at least $18,000 in the medium-term, according to the textbook definition of Symmetrical Triangles. Such a move could push the cryptocurrency beyond its all-time high of $20,000. The upside target could receive further support once the Coronavirus pandemic settles for good (the vaccine is 12-14 months away). Bitcoin will then be competing with an oversupplied fiat market, waiting for a great big push to the north.

Article Produced By
Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN…


Thomas ClaimCo.in

Bitcoin Is Now Undervalued Suggests This Price Metric

Bitcoin Is Now Undervalued, Suggests This Price Metric

  • Bitcoin's MVRV Z-score suggests the cryptocurrency is underpriced and could be trading near a major bottom.

  • Short-term technical charts indicate scope for a test of price resistance near $5,900.

  • A violation of an ascending trendline support on the four-hour chart would expose the recent low below $4,000.

A key metric suggests bitcoin (BTC) is now trading at a relatively discounted price, having dropped by 60 percent in the last three weeks.Bitcoin’s market value to realized value (MVRV) Z-score fell below zero on Friday and stood at -0.18 as of Monday, according to crypto analytics firm Glassnode. The metric is used to to identify periods where the cryptocurrency is under- or overvalued.The Z-score has turned negative for the first time in 12 months, suggesting the cryptocurrency is now undervalued.Bitcoin topped out at $10,500 in mid-February and fell to a 12-month low of $3,867 on March 13, according to CoinDesk's Bitcoin Price Index.The cryptocurrency suffered a staggering 39 percent drop Thursday as the coronavirus-led sell-off in the global stock markets triggered margin calls and forced investors to liquidate their positions in bitcoin and other markets including gold and U.S. Treasurys.

Calculating MVRV Z-score

Bitcoin’s market value refers to the total dollar value of the supply in circulation, as calculated by the daily average price across major exchanges.Meanwhile, the realized value approximates the value paid for all coins in existence by adding the market value of coins at the time they last moved on the blockchain.The latter is closer to fair value as it adjusts for lost coins and those being held for the long term (so-called HODLing). As such, the MVRV Z-score essentially represents the distance or deviation from the realized value.

Bottoming out?

Historically, a below-zero MVRV Z-score (green area) has marked market bottoms, while a reading above 7 has marked tops.For example, bitcoin fell below $6,000 on Nov. 14, signaling an extension of the sell-off from the record high of $20,000 reached in December 2017. It had dropped to $3,400 by Nov. 25.The Z-score also turned negative in the second half of November and declined to -0.51 by mid-December. The sell-off ran out of steam near $3,100 in December and, after some consolidation, broke into a bull market in April.

Essentially, the ebbing of downside momentum was reflected in the Z-score’s negative turn.Going back further, the 2014 bear market, which began at highs above $1,000 at the end of 2013, ran out of steam near $150 in January 2015 with the Z-score falling to -0.50. Again, after consolidating for some months, the cryptocurrency broke into a bull market in November 2015.So if history is a guide, the current MVRV Z-score of -0.18 suggests the cryptocurrency could be trading near a bottom.At press time, bitcoin is trading in the green near $5,335, representing a near 18 percent gain over 24 hours.

Equity futures rebound

The recovery may be associated with the positive action in the U.S. stock futures and the Asian and European equity markets. Notably, futures on the S&P 500, Wall Street’s equity index and the benchmark for global equities, rose nearly 5 percent early Tuesday, triggering a “limit up”.Bitcoin has recently been tracking action in the equity markets and could continue to do so in the short term. From a technical perspective, though, there is scope for an extension of the ongoing recovery rally.

Bitcoin created a hammer candle on Monday, validating oversold conditions suggested by the 14-day relative strength index. A hammer comprises a long lower wick with a small body, and occurs when the sellers fail to keep prices at the lowest point of the day. Essentially, it represents seller exhaustion.Buyers need to prevent a break below the ascending trendline support, currently at $4,672, which would negate a bullish higher low at $4,435 that formed Monday.A violation there would shift risk in favor of a drop to $4,000. The chart shows the area above $5,900 has proved a tough nut to crack for the bulls over the last four days. As a result, a sustained move above that level is needed to invite stronger buying pressure.

Article Produced By
Omkar Godbole

Omkar Godbole is the market reporter for CoinDesk, the global leader in blockchain news, where he produces technical chart-based price updates on Bitcoin and other alternative currencies.



Thomas ClaimCo.in

What Drives Bitcoin Price?

What Drives Bitcoin Price?

Bitcoin (BTC) is the most known and oldest cryptocurrency in the world.

Countless people from all around the world want to make money through BTC investments. Any investment relies on what drives prices up or down. This is why one of the most important skills an investor needs to have is fully understanding the factors that drive Bitcoin price. It does not matter what you want to do with your BTC. You can exchange them to be eventually used in ETH games or just keep them in your account to wait until the value is very high. In all cases, you have to understand that the Bitcoin price is mostly influenced by this:

  • Bitcoin supply and market demand.
  • How much it costs for a Bitcoin to be mined.
  • How many competing cryptocurrencies are very strong.
  • Regulations.
  • The crypto exchanges used.
  • Rewards issued to the miners when blockchain transactions are verified.
  • Internal governance.

The Important Takeaways

It is different to buy BTC and buy stocks since price evolution follows a totally different process. When you invest in traditional currencies, the difference is even more visible. BTC is not connected to a bank or is backed up by any worldwide government. You do not have to worry about various things like economic growth measurements, monetary policy, and others. The price of one BTC is clearly influenced by the factors mentioned above. These are the ones to take into account, with some extra things that should be remembered.

Demand And Supply

Central banks can clearly impact regular currency exchange rates. One of the ways to do this is to increase supply whenever desired. With Bitcoin, supply is not impacted by a third party. A new BTC is put in when a miner processes transaction blocks. Then, we have a cap of 21 million maximum BTC that can be mined. Simply put, supply is clearly identified and nothing surprising can happen. When it comes to demand, this is one of the most important things that control BTC prices. When people want more BTC, prices obviously increase.


Bitcoin is by far the most-known cryptocurrency but there are hundreds of other options that people can look at. This includes ETH, XRP, LTC, and EOS. Whenever good news appears about a specific cryptocurrency, it can actually increase BTC price or take it down a little. This is why investors want to learn all that they can about altcoins, not just BTC.

Production Costs

Mining one BTC costs more money as time passes. This does impact BTC prices. Mining relies on very complex cryptographic math problems. When problems are solved, Bitcoins appear. To put things as simple as possible, BTC production is not like other goods. The algorithm influences everything, just like electricity costs.

Final Thoughts

If you want to invest in Bitcoin, you need to automatically consider all the factors mentioned above. Focus on why BTC prices change so you can understand when it is the right time to buy and when you might want to sell, preferably for a really good profit.

Article Produced By
Ionela C.


Thomas ClaimCo.in

Ultimate Guide on How to Use a Bitcoin ATM in 2020

Ultimate Guide on How to Use a Bitcoin ATM in 2020

If you are interested in using an ATM to quickly cash out or buy Bitcoins,

there are several ways in which you can execute BTC transactions, but one of the fastest is by using an ATM. In today’s guide, we will be explaining how to use a Bitcoin ATM.

What Is a Bitcoin ATM and How Does It Work?

A Bitcoin ATM, or a BATM, looks and operates just like regular ATMs, which are set up by banks. There are, however, a few key differences between the two we must mention. Instead of using a debit card to access your account and execute transactions with your own money, the Bitcoin ATM scans a government ID and phone number and transfers the funds to and from a Bitcoin address. The machine connects the user to an exchange and allows him to perform either a buy or sell order, which is then quickly executed. A verification text is sent to the user’s phone and supplies a Bitcoin address where the user deposits the funds. The user will then receive the cash. But if he wants to buy Bitcoin, he has to deposit the fiat money into the machine and to confirm the transaction, then the BTC is transferred to the address he provided.

Types of Bitcoin ATMs

There are several types of Bitcoin ATMs. The most common ones are those that have only the buy function, while some allow you to both sell and buy BTC. The steps required to buy or sell BTC on an ATM vary based on the type of model you use. Some BATM providers have their own stock supply of Bitcoins, while others facilitate the transactions by connecting to an online exchange, where the transfer is actually made. Depending on the method used to supply the BTC funds, the waiting time for each ATM may differ to a certain degree. BATMs require that you complete a KYC (know your customer) procedure, which is also different depending on the manufacturer and country of operation. While very few allow anonymous withdrawals and deposits, many will ask that you provide an ID or scan your fingerprint.

Fees and Limits

While Bitcoin ATMs are a fast way of getting BTC and cash, this speed comes with a high cost. A transaction at a BATM usually incurs a fee between 7 and 15 percent, in addition to a spread applied directly into the BTC price (this is usually for ATMs that use exchanges to facilitate their transfer). BATMs also have limits to how much you can withdraw or deposit, usually between $1000-$10,000. Below are some of the most popular Bitcoin ATM manufacturers:

  • General Bytes;
  • Digital Mint;
  • Genesis Coin;
  • Lamassu;
  • Robocoin;
  • BitAccess;
  • BitXatm;
  • PayMaQ;
  • Numoni;
  • Ibero Bit;
  • Skyhook;
  • BitOcean;
  • Bit-Walle;
  • Coinsource;
  • Coinme;
  • Covault.

Finding a Bitcoin ATM

In recent years, Bitcoin ATMs and kiosks have risen in popularity, and now there are many of these machines set up all around the world. There are nearly 7,000 BATMs in the world, with Genesis Coin and General Bytes holding the top positions for the most popular providers. There are several sites that you can use to locate BATMs such as Coin ATM Radar or Bitcoin ATM Map. Bitcoindepot features all the Bitcoin ATMs in the United States. You can find ATMs that appear near your location, but you need to know that not all the listed BATMs are licensed and operating legally.

Find a Bitcoin ATM by location.

  • Go to the Coin ATM Radar site.
  • Click on “Use my current location” to enable the website to find and use your current location.
  • Select an ATM near you.

Or you can use the Bitcoin ATM Map Search Box to locate the machines by countries, cities, and by address.

  • Type in your address and click “enter.”
  • Select a “Bitcoin ATM” near your location to view details.
  • Click “Get Directions” on Google maps.
  • In “View listing,” the site features information such as ATM type, user feedback, operating hours, business name, company or Supplier Name, supported cryptocurrencies and fiat currencies, supported operations, limits, and verifications, etc.

Bitcoin ATM Map also filters searches by ATM model, location, functionality options (one way or two way), buy and sell fees. Now that you have located the most convenient ATM for your current location, we will show you how to use a Bitcoin ATM to buy and sell BTC. You will have to keep in mind that the buying or selling process may vary deppending on the ATM provider you use, but the overall process is similar.

How to Use a Bitcoin ATM to Buy BTC

Step 1: Verify your identity
The verification process may not be mandatory for all ATMs, but most of them require that you complete some form of ID verification. The methods of verification may consist of a phone number, ID card scan, or fingerprint scan, depending on the operator.

Step 2: Scan your BTC address
Tap on the screen on the ‘Buy BTC’ button. Provide your Bitcoin address to the ATM by using your mobile phone to generate a QR code of your wallet and place it in front of the ATM’s scanner. Select the amount of BTC you want to buy and tap to continue to the next step.

Step 3: Insert the bills into the machine
Put in the cash bills into the ATM. You will have to insert money one bill at a time into the designated deposit area.

Step 4: Confirm deposit
Approve the transaction by tapping on the “BUY,” “FINISH,” or “CONFIRM” function of your ATM. You will have a waiting time to settle the transaction, and after that, the BTC will be credited to your wallet address.

How to Use a Bitcoin Atm to Sell BTC

The last part of our how to use bitcoin ATM guide will explain the selling process with BATMs:

  • Tap on the dashboard and enter the amount of BTC you want to sell;
  • Deposit your BTC in the address provided by the ATM;
  • Wait for the confirmation to be completed;
  • Take out the cash from the ATM.


Now that we have reached the end of our how to use bitcoin ATM guide, you can go and buy or sell BTC using an ATM with ease.


  • Fast and easy to sell or buy BTC;
  • Anonymous transactions in some cases;
  • No signing up on exchanges;
  • No waiting time to create and validate an exchange account.


  • high transaction costs
  • uneven geographical availability;
  • have to put one bill at a time in the machine;
  • you have limits on the amounts you can deposit or withdrawal

Article Produced By
Anca F.

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.


Thomas ClaimCo.in

90 of Bitcoins on the Lightning Network Could be Lost to Attackers Following Current Lightening Implementation Research says

90% of Bitcoins on the Lightning Network Could be Lost to Attackers Following Current Lightening Implementation, Research says.

Thomas ClaimCo.in

Bitcoin Money Launderer Faces Decades in Jail

Bitcoin Money Launderer Faces Decades in Jail

A man from Bothell, Washington, is facing multiple charges for distributing drugs and for using Bitcoin to launder money.

Kenneth Warren Rhule, aged 26, is facing the possibility of spending several decades in prison. He was charged yesterday in the U.S. District Court of Seattle with an eight-count complaint. Most of the complaints center on Rhule using Bitcoin to launder money for criminals, who just happened to be undercover agents.

Using Bitcoin for Bad

Rhule popped up in law enforcement’s radar in April 2018 for running an unlicensed Bitcoin exchange under the alias of “Gimacut93.” Undercover agents met with Rhule at multiple locations, although Starbucks was the primary choice, posing as human traffickers looking to launder their ill-gotten gains. Rhule agreed to take the cash offered by the undercover agents and launder it through cryptocurrency. At no time did Rhule ask any questions of the agents to fulfill the know-your-customer (KYC) protocols associated with financial businesses. In fact, he offered advice on cryptocurrency to the undercover agents and tips on how to hide the source of their funds.

In addition to his Bitcoin money-laundering operation, Rhule also ran a business creating marijuana products without a license. His business manufactured hash oil and other marijuana products under different monikers. He said he was selling some of his narcotic products in Florida, and he was also exchanging some of the marijuana products for cryptocurrency. Rhule is facing five counts of laundering of monetary instruments, operating an unlicensed money transmitting service, and one count of conspiracy to produce and distribute marijuana. The potential jail time for the charges is a mandatory five years and up to 40 years for conspiracy to manufacture and distribute marijuana, five years for operating an unlicensed money transmitting service, and up to 20 years for money laundering.

Two Crypto Crooks Nabbed in Japan

Police in Japan arrested two men for obtaining NEM that was stolen during the hack on the Coincheck exchange in January 2018. A total of 58 billion yen (US$552 million) in NEM was stolen during the hack. Police say Takayoshi Doi, aged 30, and Masaki Kitamoto, aged 39, knew they were obtaining NEM that had been illegally stolen. Authorities say the two used Bitcoin and other cryptocurrencies to buy the NEM and that Masaki Kitamoto managed to acquire over 2 billion yen (US$19 million) in stolen NEM. According to reports, Takayoshi Doi has refused to speak to the police while Masaki Kitamoto has confessed to the charges.

Article Produced By
Jeff Francis


Thomas ClaimCo.in