Where Can You Withdraw Bitcoins?

2017 has been the year of Bitcoin. Not only did the value of the digital coin increase, its success and attention in the media also attracted the interest of companies. Swiss start-up Tezos, for example, successfully raised 200 million euros via an initial coin offering (ICO) using crypto-currencies. Blockchain and virtual currency have become popular means of investment, even sparking interest and endorsements from celebrities such as Paris Hilton and Floyd Mayweather.

Consumers can buy Bitcoins on an online trading platform but some countries also have designated Bitcoin ATMs, devices where you can buy and sell digital currency with your smartphone. Do bring enough money if you plan to use such a machine. In March 2017, the market cap of Bitcoin was valued at approximately 20,64 billion U.S. dollars. On September 1st, the price of one Bitcoin was (briefly) valued to be worth 5,000 U.S. dollars, shortly before China banned ICOs and took a more critical stance against the trade of crypto-currencies. Consequently, Bitcoin's value decreased to 3,000 U.S. dollars on September 15th.