If you bought Bitcoin through Binance, this is where your Bitcoin would be sent. If you also bought Bitcoin on another exchange – let’s say Coinbase – and wanted to send it to Binance so you could purchase another cryptocurrency with it, this is the address you would copy and paste to do so. But there is a problem with this. Bitcoin is a digital currency with a global value, low fees and fast transactions. You can quickly buy or sell anywhere in the world with low transaction fees. Learn more about bitcoin here. Sending money with bitcoin 1. Buy bitcoins with CoinJar. First set up a CoinJar account, then complete a cash deposit.

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!

1. These addresses can be generated automatically through exchanges and online wallets. It’s as simple as the pressing the “new address” button and within seconds a new Bitcoin address will appear. Sending bitcoins to these addresses makes it possible to transfer payment for a service, send money to a friend, or deposit at an online sportsbook.
2. In this case user is instructed to deposit cash (deducting own part) at local bitcoin ATM, and send funds to the scammer address (QR code provided). As a remuneration user is rewarded with% from amount (usually 5-10%). After bitcoins are sent, second transaction becomes irreversible.
3. Use your public address to transfer your Bitcoin to your wallet. The public address is a version of the public key similar to a bank account number. Once you've set up your wallet, use this public address to send the Bitcoin you've purchased to your wallet. Your exchange account has an option to 'send' or 'withdraw' Bitcoin.

How To Send Money Using 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

Send Money Using Bitcoin Scam

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.

Can You Send Money Using Bitcoin

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.

How Do I Send Money Using Bitcoin

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