Since Bitcoin users can send and receive BTC to each other without providing proof of identity, the currency is sometimes described as anonymous. However, the most accurate way to refer to Bitquin is as a borrowed currency.
A frequent comparison often compares transactions with a Pitcairn coin to an author who writes under an alias: If his or her true identity is discovered, all that they wrote can be linked to a pseudonym.
Your petquin address is similar to an author's alias, and every BTC transaction you store is stored forever in a public book known as blockchain. Therefore, if your home address is associated with your identity, which cyber security researchers say is very simple, all your transactions can be tracked to you.
Bitcoin ATMs are similar to regular ATMs, but instead of local currency, such as the dollar or euro, Bitcoin ATMs deliver Bitquin coins to your wallet when you enter cash.
There are different types of Bitcoin ATMs provided by a variety of companies. The majority, however, does not require any verification.
How can you tell if there is a Bitcoin ATM near you?
Our Bitcoin ATM map shows you how to find Bitcoin ATM near you. Easy ways to buy bitcoin without ID verification
