Need to send cash to someone quickly, easily, and privately? A Bitcoin ATM may be the perfect solution. You don’t have to own Bitcoin yourself, but if you do own Bitcoin, you don’t have to spend it to send someone cash. You can instantly send cash, using your Coinsource Bitcoin ATM account.
Sending Cash Using a Bitcoin ATM: Complete Tutorial
Prefer to watch the instructions? Check out our tutorial on sending money using a Bitcoin ATM.
Note: Make sure you know who you’re sending Bitcoin to! Once a transaction has been completed, it cannot be stopped, rerouted or refunded.
Step 1: Enroll Before You Go!
Step 2: Locate The Nearest Bitcoin ATM
Here’s how to find the nearest Bitcoin ATM. First, enter your location. This can be your city, state or your current location. Then, tap the directions button on the location closest to you. Coinsource has locations across 44 states, all with no hidden fees. Plus, they always keep their Bitcoin price up-to-date.
Step 3: Insert Cash Into The Bitcoin ATM To Transfer To Bitcoin
Insert your cash into the Bitcoin ATM. You can deposit $5 to $8,500 daily at any Coinsource kiosk. Make sure you do not leave the kiosk at this point, until the transaction is complete. If you run into any issues during the transaction, please reach out to our support team.
Step 4: Enter The Recipients’ Wallet Address To Send Bitcoin
Enter the recipients’ Bitcoin wallet address – Follow the instructions on the kiosk screen, and indicate the Bitcoin wallet address of the recipient.
The recipient receives the equivalent amount of Bitcoin into their wallet. Don’t worry about paying any pesky miners fees! Coinsource will pay all miner’s fees when you use their kiosks to buy/sell Bitcoin, or send cash.
Step 5: Have The Recipient Withdraw Their Bitcoin To Cash
The recipient then has several options on how to convert the Bitcoin they received to cash, if that’s what they want. The fastest way to do this is by using a Coinsource Bitcoin ATM to convert the Bitcoin to cash and withdraw it.
That’s it! So, next time you’re needing to send cash to someone, use a Bitcoin ATM! It’s safe, fast, and only takes 5 steps to finish.
Coinsource is the world leader in Bitcoin ATMs. With a focus on compliance and ease of use, Coinsource is aiming to bring Bitcoin to the masses. Follow for blogs about Bitcoin, finance, company updates and Bitcoin ATM information!