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Early in 2018, Daniel Polotsky, along with Benjamin Weiss, came back to Northwestern University, where Polotsky studied Russian and economics and founded what would become CoinFlip. These days, CoinFlip provides cryptocurrency ATMs all over the United States. In his return visit to Northwestern, Polotsky sought to provide some clarity into the subject of cryptocurrency and blockchain, two related subjects that are often misunderstood.

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When you buy or sell cryptocurrency at, for example, a CoinFlip cryptocurrency ATM, the price you pay (or cash you receive) depends on the value of that cryptocurrency. But understanding how the price of any given cryptocurrency is determined may be confusing for some. Fortunately, though many things can affect the price of cryptocurrency when you withdraw it from a CoinFlip ATM, the basic principles of price fluctuation are fairly simple.

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To help you get your bearings in this new (and often confusing) world of digital currency, we’ll review the pertinent details of Bitcoin, Litecoin, and Ethereum. That way, you’ll have a solid (but basic) overview of each of these types of cryptocurrencies when you come to a CoinFlip ATM.

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Using a cryptocurrency ATM to buy or sell cryptocurrency can be an intimidating process if you’ve never done it. But cryptocurrency ATM companies like CoinFlip are making the experience easy, even for the uninitiated. The key to using a cryptocurrency ATM like CoinFlip’s is to be prepared. That means having your wallet (more on that later) set up, knowing what currency you need to select, and whether you’re planning to buy or sell your selected cryptocurrency.

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As the popularity of cryptocurrency continues to rise, with new currencies coming out every day, consistently fluctuating values, and a growing user market, it’s hard to meet someone who hasn’t heard of it.

And yet, after the initial recognition, it’s very difficult to find a person who can get past the trendy phrases we’ve all already heard and know. Cryptocurrency has garnered a reputation of being a bit abstract/obscure, and many people write it off as something they won’t ever understand, a niche interest for those who click with numbers.

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If you’ve taken your first steps towards understanding cryptocurrency, you’ve probably heard references to “mining” and “miners” thrown around quite a bit, and for good reason. The role of miners and mining is key to the overall success and stability of cryptocurrencies as a whole.

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Bitcoin ATMs are still a novelty and poses their own positives and negatives. Let's take a look at the pros and cons of bitcoin ATMs.

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In 2017, the cryptocurrency market soared to unprecedented heights as media attention and overall buzz surrounding cryptocurrencies led people to invest in digital currencies. The attention even led Merriam-Webster to add the word cryptocurrency to the dictionary. Although it has seemingly taken a step back from dominating news headlines, cryptocurrency is still a concept that is worth exploring and understanding further.

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