How does sending money through a Bitcoin ATM work?

3 answers

• Dec 17, 2021 · 3 years ago
  Sending money through a Bitcoin ATM is a relatively simple process. First, you need to find a Bitcoin ATM near you. These ATMs are usually located in public places such as shopping malls or convenience stores. Once you find a Bitcoin ATM, you'll need to follow the instructions on the screen. The exact steps may vary depending on the specific ATM, but generally, you'll need to select the option to send Bitcoin, enter the recipient's Bitcoin address, and insert cash into the machine. The machine will then convert the cash into Bitcoin and send it to the specified address. It's important to note that Bitcoin ATMs may have certain limits on the amount of cash you can send and may also charge a transaction fee. Overall, sending money through a Bitcoin ATM is a convenient way to quickly convert cash into Bitcoin and send it to someone else.
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• Dec 17, 2021 · 3 years ago
  Sending money through a Bitcoin ATM is like using a regular ATM, but instead of withdrawing cash, you're sending Bitcoin. The process involves selecting the option to send Bitcoin, entering the recipient's Bitcoin address, and inserting cash into the machine. The machine will then convert the cash into Bitcoin and send it to the specified address. It's a quick and easy way to send Bitcoin without the need for a bank account or online wallet. However, it's important to keep in mind that Bitcoin ATMs may have transaction limits and fees, so it's always a good idea to check the details before using one.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the convenience and accessibility of Bitcoin ATMs. When sending money through a Bitcoin ATM, you'll need to locate a nearby ATM and follow the on-screen instructions. These instructions typically involve selecting the option to send Bitcoin, entering the recipient's Bitcoin address, and inserting cash into the machine. The machine will then convert the cash into Bitcoin and send it to the specified address. It's a straightforward process that allows you to quickly and securely send Bitcoin to someone else. However, it's important to note that Bitcoin ATMs may have transaction limits and fees, so it's always a good idea to check the details before using one.
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