Technology

How to Turn Your Bitcoins into Cash

Bitcoin ATMs are popping up all over the world.

By Brenda PoppyOct 30, 2014 12:00 AM
bitcoin-atm.jpg
How Hwee Young/EPA/Corbis

Newsletter

Sign up for our email newsletter for the latest science news
 

Virtual currency bitcoin hit the mainstream in 2014. Bitcoin ATMs started springing up all over the world (including Singapore, pictured), allowing people to exchange cash for the cryptocurrency, a secure digital payment outside of conventional financial institutions.

Acceptance of the currency also increased: You can now use bitcoins to buy a Dell laptop, pay your Dish Network bill or even for tuition at The King’s College in New York. Don’t trade in your gold yet, though. One of the largest online exchanges for trading between bitcoin and regular currencies, Mt. Gox, collapsed in February after 850,000 bitcoins disappeared, spurring accusations of mismanagement and fraud.

[This article originally appeared in print as "Real Cash for Virtual Money."]

1 free article left
Want More? Get unlimited access for as low as $1.99/month

Already a subscriber?

Register or Log In

1 free articleSubscribe
Magazine Examples
Want more?

Keep reading for as low as $1.99!

Subscribe

Already a subscriber?

Register or Log In

More From Discover
Recommendations From Our Store
Shop Now
Stay Curious
Join
Our List

Sign up for our weekly science updates.

 
Subscribe
To The Magazine

Save up to 70% off the cover price when you subscribe to Discover magazine.

Copyright © 2021 Kalmbach Media Co.