Introduction
Bitcoin ATMs are automated teller machines that allow people to buy, sell, or exchange bitcoin for cash without requiring a bank account. They provide an easy and convenient way to send money to anyone, anywhere. In this article, we will explain how to use a Bitcoin ATM to send Bitcoin in cash.
Find a Bitcoin ATM
The first step is to find a local Bitcoin ATM. You can search online to find the nearest one. Some Bitcoin ATMs are branded with the company name, while others are unmarked. Make sure you check the fees associated with the machine before you use it. Also, be aware that some Bitcoin ATMs require you to have an existing wallet with a certain amount of Bitcoin in order for you to be able to use it.
Insert Cash
Once you have located a Bitcoin ATM, you can insert the cash you would like to send. The amount should be in the currency accepted by the ATM (e.g. US dollars). Enter the amount of cash you would like to send and confirm the transaction.
Scan Your Wallet
Next, you will need to scan your wallet QR code. The Bitcoin ATM will display a QR code on its screen. Scan the code with your smartphone or other device to connect the two wallets. Once the connection has been established, the ATM will ask you to confirm the transaction.
Enter Recipient’s Information
You will then need to enter the recipient’s information. This includes their Bitcoin address, which is a long string of characters. Alternatively, you can scan the recipient’s wallet QR code if they have provided it. This will automatically fill in the recipient’s address.
Confirm Payment
Once you have entered the recipient’s information, you will need to verify the payment details. Check the amount and the recipient’s address to make sure they are correct. Once you have verified the details, you can confirm the transaction.
Receive Receipt
Once the transaction has been confirmed, the Bitcoin ATM will print out a receipt as proof of payment. Collect the receipt and keep it for your records. The recipient will also receive a notification that the payment has been sent.
Conclusion
Sending Bitcoin through a Bitcoin ATM is a quick and easy way to send money to anyone, anywhere. By following these steps, you can use a Bitcoin ATM to send Bitcoin in cash. It is important to remember to check the fees associated with the Bitcoin ATM before you use it and to keep the receipt as proof of payment.
For more information on using Bitcoin ATMs, visit the official website of the manufacturer or visit websites such as Coin ATM Radar.
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