[raaman]

Bitcoin address is like your local bank account number.

This is some new info I think.

make sure your device is not rooted.

What do mean by 'rooted'? Can you explain a little more? And by 'device', you mean desktop also?

[jackchun]

Bitcoin address is a wallet where you keep bitcoins and by necessity transfer it to a local currency.
Many countries already already have the bitcoin ATMs so the service is quite dynamic and fluent.
I don't have any remark.

I have found the bitcoin ATM in mong kok can cashout from my bitcoin wallet to real cash.

[raaman]

i could never figure out how to use it.

That is the problem with most of us. People are confused

[joehue]

Here is what my BTC address looks like:
3Cuw1ryWKfj7GRN2zsj33wnJ9MC1Mbvhkr
You see, I can show it to everyone, cause it's just the key for your wallet, the wallet that you create to receive Bitcoins, if you want to send me some BTC "Bitcoin", all you have to do is, login to your BTC wallet, put the dress above in a filed called Bitcoin address, specify the amount, and send. Like any traditional bank, a fee will be deduced from the amount.

There are several digital currencies other then BTC, and there are some wallets that accept almost all of them, and some just two or three, I think the wallet I'm using which is Coinbase accept four currencies. Be aware though, every wallet has its own rules, this one for example doesn't accept deposits from gambling website or any suspicious activity, and they terminate the account without further notice.

[castbound]

A BTC address is like an email address but for payment purposes. You need to give the BTC address the same way you specify the paypal email address or any other payment processor email address . The address is basically like a wallet. You receive money there and send money from there.

[sabtra]

Bitcoin address is a randomly generated code that identifies a wallet that stores bitcoin.
Recently QR codes have been added as well, so you can easily withdraw your bitcoin into local currency by using Bitcoin ATM. I have a few in my country, hopefully they will become more popular.