How To Send Money To The Bitcoin Wallet

How To Send Money To The Bitcoin Wallet

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!

Meaning, you can only send/receive Bitcoin-to-Bitcoin, Litecoin-to-Litecoin, etc. (you can’t, for example, send Bitcoin to an Ethereum wallet or even Bitcoin to a Bitcoin Cash wallet). For sending: Enter the public wallet address of the recipient and choose the amount to send (make sure to account for transaction fees; you’ll need enough. Once you are a verified member, you can connect your bank account or credit or debit card to your Uphold wallet. If you want to fund your wallet with dollars, on the main dashboard, click on the “USD Card” icon. On the next page, click on “Add Funds” and select “Fund With Bank Account” or “Fund From Credit/Debit Card”. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

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

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.