Price Check! Buying and Selling Bitcoins at Whole Foods

Note to Self | Dec 18, 2013

Every Monday night, a Manhattan Whole Foods fills with a unique breed of "buy-local" enthusiasts. They're not there for the Brooklyn-made pickles or the Westchester apples. They come because they want to buy and sell bitcoins.

The gathering is called Satoshi Square after Satoshi Nakamoto, the pseudonym for the mysterious person or organization that created the digital currency in 2009.  Reporter Audrey Quinn visits the exchange as attendees trade bitcoins for cash. Face-to-face trading seems counter to the anonymity usually associated with bitcoins, but Satoshi Square regulars say in-person bitcoin exchanges actually bring them closer to the true nature of the currency.

Be alert for scams. WNYC never asks for nor accepts money for coverage or interviews. Anyone making such a request does not represent WNYC.

Top Stories

With search for victims over, NYC officials look to what caused fatal building collapse

Exclusive video shows shocking moment Brooklyn building collapsed

Speaker Heastie on the Next Term

Advice for Being a Good Friend

YOU ARE ONLINE