According to a recent study, more than 46 million Americans are expected to buy Bitcoin over the course of the next year.
Many of the people who purchase Bitcoin are going to use it for investment purposes. But there are also some people who will buy and then send Bitcoin to others.
If you’re planning to send Bitcoin to people once you invest in it, you should learn about how to use a Bitcoin ATM to do this. It’s never been easier to put a Bitcoin ATM to good use when you want to send Bitcoin to someone.
Today, we’re going to talk about using a Bitcoin ATM to send Bitcoin to another party. It’ll help you figure out how to do it in no time at all.
Continue reading to see just how easy it can be to use a Bitcoin ATM to send Bitcoin to others.
Look For a Bitcoin ATM in Your Area
It used to be very difficult for people to find Bitcoin ATMs in their area. But these days, it’s becoming way easier to do it.
There are about 50,000 Bitcoin ATMs scattered throughout the U.S., and that number is increasing all the time. As a result, you should be able to locate at least one Bitcoin ATM in your general area.
You don’t want to use just any Bitcoin ATM to send Bitcoin, though. You want to find one that was manufactured and maintained by a reputable company.
Go ahead and click this link to learn more about one such company. Byte Federal can provide you with a machine that will make it so simple to figure out how to use a Bitcoin ATM to send Bitcoin.
Create an Account Through a Bitcoin ATM
Once you track down a Bitcoin ATM in your area, the next thing you’ll want to do is create an account through it. You’ll need to provide the company that maintains the machine with some personal information so that they’re able to keep your cryptocurrency transactions secure.
Fortunately, it should only take you a few minutes at most to create an account through a Bitcoin ATM. But it’s going to be important for you to take this step before you do anything else.
You should bring your photo ID with you to a Bitcoin ATM along with any other information that might be able to help you create an account at the ATM.
Get Your Hands on a Bitcoin Wallet
If you’re going to be buying Bitcoin and either selling it or sending it all the time, you’re going to need to have a Bitcoin wallet handy. Also sometimes called a crypto wallet or a digital wallet, it’s what you’re going to use to hold all your precious Bitcoin.
The good news is that there are tons of Bitcoin wallets out there that you can obtain. But you should be careful about which one you choose since they aren’t all going to make it easy to send Bitcoin when you want to do it.
If you’re going to be creating an account with Byte Federal, you should think about downloading their ByteWallet. It’s their preferred crypto wallet, so it’s going to be the simplest wallet to use when you’re utilizing one of their ATM machines.
Add Bitcoin to Your Bitcoin Wallet
In order to send Bitcoin to someone, you’re obviously going to need to have it tucked away in your Bitcoin wallet. If you don’t have Bitcoin in your wallet at this time, you should purchase some so that you can send it.
It’s so easy to do this at a Byte Federal Bitcoin ATM. All you’ll need to do is:
- Sign into your account at a Byte Federal Bitcoin ATM
- Hold the address for your Bitcoin wallet up to the camera on the Bitcoin ATM
- Put cash into the Bitcoin ATM
- Wait for your Bitcoin to appear in your wallet
You should be able to insert Bitcoin into your wallet within just a few minutes at most. It’ll give you the Bitcoin that you need to send to someone else.
Find the Address of the Person You Would Like to Send Bitcoin To
Once you have Bitcoin in your digital wallet, you’ll almost be ready to send it to someone else. But in order to do this, you’ll need to know the address for this person’s Bitcoin wallet.
You should touch base with this person and ask them for their address. You should also stress the importance of them giving you the correct address since the Bitcoin that you send isn’t going to arrive if you don’t send it to the right place.
Bitcoin addresses are very long and filled with a combination of both letters and numbers. They’re designed to be as unique as they can possibly be.
Decide How Much Bitcoin You Want to Send to Someone
After you’re able to get a person’s Bitcoin address, you’ll be on the verge of sending Bitcoin in their direction. One of the last things that you’ll need to do is decide how much Bitcoin you’re going to be sending.
This can be tricky since the price of Bitcoin is almost always going up and down. It could come back to bite you if you drag your feet while sending Bitcoin to someone.
You should see what the current price of Bitcoin is and calculate how much you’re going to send to someone through a Bitcoin ATM accordingly. Whether you’re buying something from someone with Bitcoin or sending someone Bitcoin as a gift, you want it to be the right amount.
Double Check the Address for a Person and Send Bitcoin to Them
We already tried to stress the importance of this once, but we really need to stress it again. You need to send Bitcoin to the right address in order for a person to receive it from you.
If you happen to send Bitcoin to the wrong address, it’s going to come back to bite you. There isn’t any way to recover Bitcoin that has been sent to the wrong location. It could result in you losing a bunch of money within just seconds.
Ideally, you should double-check and even triple-check the address of the person you will be sending Bitcoin to. You want to be sure that it’s correct before doing anything else.
Once you feel good about it, you can then use your ByteWallet to send Bitcoin to them. It should be as simple as entering their Bitcoin address and hitting the “send” button.
Byte Federal has worked hard to ensure that it’s easy for people to learn how to use a Bitcoin ATM to send money in this way. All it takes is a few clicks on the screen to push Bitcoin to another person.
Call a Person to Make Sure They Received Bitcoin From You
After you send Bitcoin to someone, you shouldn’t just bank on them receiving it. You should always follow up with them to make sure that they received the Bitcoin you sent.
The Bitcoin might not show up in their crypto wallet right away. It can take anywhere from a few minutes to a few hours for Bitcoin to appear in a person’s digital wallet.
But they should eventually get the Bitcoin that you sent as long as you took all of the steps that we’ve mentioned here. They can then decide what they would like to do with Bitcoin next.
A person can keep the Bitcoin right in their digital wallet if they would like. They can also hit up a Bitcoin ATM themselves and use it to convert Bitcoin into cash. It’ll be up to them to decide what to do once they secure the Bitcoin that you sent them.
Now You Know How to Use a Bitcoin ATM to Send Bitcoin
Sending Bitcoin to someone can be a little bit of a nerve-racking experience if you haven’t ever done it before. But as you’ve seen here, it’s fairly simple to get the hang of it once you know what you’re doing.
Now that you have some general idea of how to use a Bitcoin ATM to send Bitcoin to someone, you should give it a try. It’ll help you get so much more comfortable with the process.
Would you like to obtain some additional information about cryptocurrency as a whole? Find it by browsing through more of our informative blog articles.