Bitcoiniacs Blog

Bitcoiniacs features one of our Genesis Coin ATMs at Convenience Canada in Toronto, Ontario, Canada.

The address is: 31 Lisgar St, Toronto, ON M6J 3X6

Using a Bitcoin ATM is very similar to a regular banking ATM, but there are a few things to know.

If you are a beginner, the process of using a Bitcoin ATM is very easy.

There are two types of Bitcoin ATMs:

Here are a few ways you can stay safe with your cryptocurrency.

1. Watch for common crypto scams. Being aware of the most common scams will help you recognize them before you get duped yourself. Such scams include: (a) fake crypto giveaways, (b) trading bot scams, and (c) phishing emails.

2. Keep your...

The Bitcoin ATM industry continues to grow in 2023 with 51 active operators across Canada. The Top 10 ATM operators — by count of machines — as of September 2023 are:

#1 — Localcoin, with 922 machines

#2 — Hodl Digital Services, with...

In a recent post, CoinDesk explores the pros and cons of mining bitcoin at home. Have you been curios about it? Tried it? Learn about what's involved and how DIY-mining has evolved over time, as big industrial mining farms have taken over the landscape.

Where do "Bitcoins" come from? Are they a thing? Can you hold them? Are they imaginary? These are the questions that newbies to cryptocurrency are probably asking.

The short answer — #cryptocurrency coins are "mined". Essentially, specially-equipped computers are busy doing advanced calculations and crunching numbers. They must "solve a puzzle" in order to generate a new coin.

Read...

Opportunities to capitalize on something new and big never cease. PayPal has launched their own new stablecoin ($PYUSD). The token attestation contract is scheduled to be published in September, 2023.

Watch out for fake coins impersonating PayPal's new...

According to a report in Reuters, Coinbase revenues beat estimates for the second quarter of 2023.

In other news, Coinbase is expected to win their legal case with the SEC.

Welcome Bitcoin enthusiasts! We've introduced a simple and clean feature on our website to help you find our ATMs around Canada and the Philippines. Just navigate to the area that you are interested in, and all ATMs will be listed.

We are working feverishly to make this feature even better for you, so keep watching. If you have any questions or suggestions,...

Welcome to the Bitcoiniacs Blog!

We'll be posting news and updates on the cryptocurrency industry.

NOTE: This blog will not offer investment advise. Be sure to seek the advice of a professional investment advisor before making crypto investment decisions. Information posted to the Bitcoiniacs website and blog should not be taken as investment advice.