When it comes to converting Bitcoin back to fiat money, there are quite a few different options bitcoin atm thailand selected 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 three is to find a Bitcoin ATM near you, which is a two-way machine, and bitcoin atm thailand selected bitcoins directly to the machine.
But surely there must be an easier way? Plenty of manufacturers are dabbling around in creating their very own Bitcoin ATM, which are still very pricey machines to own. However, they do bring us an easy way to bitcoin atm thailand selected fiat currency to Bitcoin and vice versa, without too much hassle. Unfortunately, not every Bitcoin ATM in the world lets you sell Bitcoin in exchange for fiat currency, so it is not the perfect solution.
In Thailand, one company has come up with something entirely different, as they combine disruptive bitcoin atm thailand selected Bitcoin with existing infrastructure bank ATMs and strip out one of the major requirements: Some of you may be wondering how it is possible to withdraw funds from a bank ATM without owning a bank card. Krungthai Bank ATMs have an option to access funds without a bank card, as you can see in the Youtube video below this article. However, when bitcoin atm thailand selected this feature, a user needs to enter two references which serve as a two-way authentication procedure for receiving funds.
Selling bitcoins through Coins. Once your order is generated, you will see a Bitcoin payment address along with a QR code to send over the funds. As soon as the Bitcoin transaction has 2 confirmations on it, you will receive both transactions references within hours.
One reference will be sent to you via SMS on the phone number provided earlierwhile the other reference gets sent to your email address. Note from the author: Both references are valid for 15 calendar days, so you do have ample time to go and collect your payment from a local Krungthai Bank ATM. Make sure all the details are correct, and finalize the transaction. A truly remarkable service offered by the folks over at Coins. At this point in time, it is unclear whether or not there are any fees involved in using this new service provided by Coins.
JP Buntinx is a freelance writer active in the world of financial technologies. His work can be found all over the internet, and a complete portfolio is available at http: JP Is always open to new challenges and ideas. You must be logged in to post a comment. Leave a Reply Cancel reply You must be logged in to post a comment. This site uses cookies:
Buying and holding was probably great with BTC a while back, but there are so many more coins in the marketplace now. Why. I would love to hear your explain the basics.