When can BTC withdraw cash

1. It is only a few years since the emergence of the concept of bitcoin, which has not only become a hot "gold mine" on the Internet, but also accepted and used by more and more entities. On the 29th, the world's first bitcoin ATM opened in Vancouver. It was deposited or withdrawn in the form of Canadian dollars, which immediately became popular among bitcoin fans. Analysis shows that this is not only a big business opportunity for bitcoin, but also a big step forward in the development of this "private currency"

experience

the world's first bitcoin ATM was set up in Vancouver Cafe

"the world's first" bitcoin ATM was opened in Vancouver, Canada, on the 29th, to exchange Canadian dollars and bitcoin, quickly ushering in people queuing for business. The ATM is made by American machine money and is located in a cafe called trendy in Vancouver. One of the ATM owners is Mitchell Demeter, who has been trading bitcoin for several years. This year, he partnered with two other high school classmates to set up a bitcoin trading company. Demeter said it was the world's first bitcoin ATM. Demeter and his colleagues think that bitcoin ATM is a business opportunity, because before "there was no bitcoin ATM, we all trade on the website"

ring the operation, the bitcoin user enters a password similar to the bank pin code to log in to the network bitcoin account. Through the ATM, the user can withdraw the Canadian dollar cash corresponding to the ratio from the bitcoin account, or deposit the cash into the bitcoin account. Bitcoin users only need a smart phone to use bitcoin, which is similar to online shopping

easy access

15 instries in Vancouver accept bitcoin

businessman David loy used his mobile phone to transfer 0.0101 bitcoin to "trendy" cafe and bought a cup of black coffee worth 2 Canadian dollars. Roy believes that Vancouver has a large number of online businesses, creating conditions for setting up the first bitcoin ATM. Mike young, a business student at Simon Fraser University in Canada, also came to the bitcoin ATM on the 29th. He and others founded a bitcoin club on campus, believing that bitcoin "is the trend because they can provide maximum value and efficiency"

a man with an alias of Nakamoto created bitcoin in 2008. Since then, the virtual currency has graally become popular on the Internet. About 15 instries in Vancouver have accepted bitcoin, including coffee shops and landscape design companies. Bitcoin can rece the cost of capital transfer in countries with weak banking systems, a senior investment executive at Fort investment group commented this month, the Financial Times reported

2.

On October 10, bitcoin China, one of the three major bitcoin exchanges in China, announced on its official wechat account that it would stop the cash withdrawal business at 12:00 noon on October 30, Beijing time, and ask users to reflect it as soon as possible

bitcoin China has previously turned off the digital assets and RMB recharge function at 12:00 noon on September 27, and turned off all trading functions at 12:00 noon on September 30. The other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, which are headquartered in Beijing, will stop trading all digital assets into RMB before October 31, and the work of clearing their funds and assets is also in progress

3. If the platform where you buy bitcoin is regular, then bitcoin can be withdrawn at any time
like Saturn exchange, its main proct is bitcoin contract, and there are many bitcoin trading friends on it. It can be traded at any time within 7 * 24 hours, that is to say, it can withdraw cash at any time
of course, occasionally the platform will maintain the system or upgrade the system. At this time, it may not be able to withdraw cash, because it is worried that there will be errors or problems in the process of withdrawing cash, but you don't need to worry, because it is usually only a few hours, and the platform will inform you in advance.

4. The content of blocks in jinwowo analysis blockchain technology is as follows:
block head: record the characteristic value of the current block
block body: actual data

5. First of all, how much bitcoin can be exchanged for cash depends on the rules of that platform, that is, how many transactions you can limit.

6. Bitcoin withdrawal is to convert virtual currency into cash, bind the bank card, and then you can get it. Bitcoin is a string of codes and numbers, not real currency
all platforms have wallets to store, and a large amount of cash withdrawal will be monitored, which may be suspected of money laundering.