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A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

STEP 2 Join LocalBitcoins and transfer your bitcoins LocalBitcoins is where well create an ad to sell our bitcoins and to do so youll need an account. Once created, visit the wallet page on LocalBitcoins, copy the address, and send your bitcoins from Coinbase to.

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if you already have funds within Robocoin wallet, all you need to do is: Sign in to Robocoin ATM (phone where to buy bitcoin exchange and PIN,) however, so after your funds are in Robocoin wallet, the selling of bitcoins for cash is quite fast.fees are unrelated to the amount transferred, and many where to buy bitcoin exchange wallets let you control how large a fee to pay when spending. Choose your own fees - There is no fee to receive bitcoins, higher fees can encourage faster confirmation of your transactions.

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After early " proof-of-concept " transactions, the first major users of bitcoin were black markets, such as Silk Road. During its 30 months of existence, starting in February 2011, Silk Road exclusively accepted bitcoins as payment, transacting 9.9 million in bitcoins, worth about 214 million.

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