Bitcoin Depot Resources

Whether you’re a crypto newbie or a blockchain pioneer, we’ve got something for everyone.

Understanding Double-Spending

Double spending is a potential flaw in digital cash systems in which the same single digital token can be spent more than once. Double spending is an inherent problem with digital currency and is one of the key issues that Bitcoin was designed to solve. How Does Double-Spending Work? Let’s quickly review the blockchain and […]

What is Anti-Money Laundering (AML) in Crypto?

Cryptocurrencies have grown in popularity in recent years, with more people purchasing them as an alternative to traditional finance. However, with the increasing use of cryptocurrencies, criminals have found ways to use crypto for illegal purposes, such as money laundering, terrorism financing, human trafficking, and other illicit activities which have plagued traditional finance for decades. […]

What Crypto Scams Seniors Should Watch For

Cryptocurrency is hot right now, and with it comes a rise in scams. Seniors are particularly vulnerable to these scams, as they may be more trusting of strangers and less familiar with how cryptocurrency works. That’s not to say there aren’t some pretty savvy elders out there, but in general, those over the age of […]

Pig Butchering Crypto Scam: What You Need to Know

If you receive a DM (direct message) or text message from someone you don’t know, the best thing you can do is ignore it or delete it. That’s because it could be part of a ‘pig butchering’ scam. This scam is alluding to the process of letting a pig get nice and fat before butchering […]

What Does Know Your Customer (KYC) Mean in Crypto?

In recent years, cryptocurrencies have become increasingly popular, and as a result, the demand for crypto-related services has increased. However, as with any financial service, the use of cryptocurrencies carries with it the risk of illicit activities such as money laundering, terrorism financing, human trafficking, and other forms of financial crimes. This is where KYC […]

The Economics of Bitcoin Mining

Bitcoin mining is an essential part of the Bitcoin network and is used to secure, validate, and verify transactions. Mining involves solving complex mathematical equations in order to create new blocks of data that are added to the blockchain ledger. Miners who successfully solve these equations get rewarded with a set amount of Bitcoin. However, […]

What to Know about Bitcoin Depot Limits

You’ve done your research, and you’re ready to buy Bitcoin from a Bitcoin Depot BTM. However, before you head out, you might want to know how much Bitcoin you can buy. All Bitcoin Depot machines have limits, and we want to tell you all about them so you know exactly what to expect. What to […]

Coins vs. Tokens: What's the Difference

If you’ve spent any time in crypto, there’s a good chance you’ve confused coins with tokens. It’s understandable that this might be the case, as the two are often used interchangeably. The truth is tokens and coins are similar on a basic level. Each can be used as a form of payment, and both have […]

What is a Rug Pull Scam in Crypto & How Do You Spot It?

Just like a lot of the other crypto scams we’ve discussed before, this one isn’t new. Crypto is just the newest way to do it. The rug pull scam gets its name from the expression of pulling the rug out. When you pull the rug out from under someone, it means you disrupt the very […]