Step 3: Insert Cash Into The Bitcoin ATM To Transfer To Bitcoin. Using Bitcoin ATMs to send money abroad is a safe option, not only because of the high level of security for the transferred funds but also in terms of lower health risks as you can avoid visiting.
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.
Step 1: Enroll Before You Go!
- Buy bitcoins through an ATM - you can purchase bitcoins from a physical Bitcoin ATM using cash, though many bitcoins are one-directional and only allow you to either buy bitcoins or trade them for cash. Many government regulations dictate whether an ATM can be installed and where, so finding an ATM near you may be difficult.
- How To Deposit Money At Bitcoin Atm. Even if you own bitcoin you never actually transfer them to your wallet. How To Locate A Bitcoin ATM Near You. Steps to Depositing Money in a Bitcoin Wallet. The following statement is true in general: If someone asks you to use bitcoin ATM and to deposit cash for whatever reason — this is usually a scam.
- What is a Bitcoin ATM? Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash.
Create an account with Coinsource if you don’t already have one, and log in. The process only takes a few minutes. Need help? Check out this enrollment guide, or contact support for help!
Step 2: Locate The Nearest Bitcoin ATM
Find the Coinsource Bitcoin ATM closest to you with this simple tool. 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 $5,000 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
How To Use Bitcoin Atm To Send Money
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.
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Where is the closest Bitcoin ATM near me? Use the map below if you wish to know the location of the nearest ATM for bitcoins to where you are right now.
The map is provided by Google and shows the exact locations of the closest Bitcoin ATM’s to you.
About Bitcoin ATM’s
Bitcoin is a growing digital currency and the interest around it is getting bigger and bigger, the bitcoin machine helps users and investors buy and sell cryptocurrency and exchange it with cash, you can use the ATM for bitcoins to get your own now.
Fees
Bitcoin Atm Sending Money
Using the Bitcoin ATM machine costs a fee of 5%-10%, depending on your country.
Bitcoin Atm Near Me To Send Money
Additional information
Bitcoin Atm Near Me To Send Money
- For up to date information about bitcoin visit the official website at bitcoin.com
- For information about the current bitcoin prices visit coinmarketcap.com