Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.
These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can be purchased through a digital exchange or broker, directly from another individual, or using an ATM.
Coinsource is the world’s largest Bitcoin ATM operator. With over 200+ machines in over 60+ locations across the United States, they offer one of the simplest ways to buy bitcoin with cash using their convenient teller locations spread across major metropolitan areas nationwide.
You can use Coinsource to buy Bitcoin from their online platform or through one of their ATMs. To buy Bitcoin from Coinsource online, create an account and verify your identity. Once you’ve verified your account, you can link your bank account or debit card to fund your purchase.
When you’ve found the amount of Bitcoin you want to buy, enter your payment information and confirm your purchase. Your Bitcoin will be sent to your Coinsource wallet or the wallet of your choice.
To buy Bitcoin from a Coinsource ATM, find a machine in your area using their ATM locator tool on their website. Once you’ve found an ATM, insert your cash into the machine and follow the instructions on the screen to purchase Bitcoin.
You can also sell Bitcoin at Coinsource ATMs by following the instructions on the screen to withdraw cash from your sale.
Coinsource is a reliable way to buy Bitcoin online or in person using their ATMs spread across major metropolitan areas in the United States. Their platform is easy to use and their customer service is available 24/7 should you need assistance with anything related to buying or selling Bitcoin.