How To Send Money To The Bitcoin Wallet

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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!

How to send money to bitcoin walletHow To Send Money To The Bitcoin Wallet

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

Click on Send and select Bitcoin from the Currency drop-down menu. If you have multiple sub-wallets, you can choose the sub-wallet you want to send from in the From drop-down menu. In the To field, paste the recipient’s address OR scan the recipient’s QR code. Enter the amount you want to send. Add an optional description for your transaction. If you send your money via bank transfer you usually save on fees and can expect to pay somewhere between 1 and 1.5%. We will also quickly look at how to add money to the bitcoin wallet Depositing money into a Bitcoin wallet is easy to do. The service fee for miners can be found here. Most wallets have the ability to send and receive with legacy bitcoin addresses. Legacy addresses start with 1 or 3 (as opposed to starting with bc1). Without legacy address support, you may not be able to receive bitcoin from older wallets or exchanges. 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”. Open your software wallet and click on the 'Send' tab, or use the 'Trade Send Bitcoin' option under your wallet's menu. Type in the destination address for your intended recipient's wallet. You can type it by hand, copy and paste it from your system clipboard, or drag and drop the recipient's QR code.

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.

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How to Transfer Cryptocurrency From one Wallet to Another (i.e. how to Send/Receive or Withdraw/Deposit Bitcoin, Ethereum, and Other Cryptos)

To send or receive cryptocurrency, first you need a cryptocurrency wallet, then you need to put in the public address of the recipient to send (or give your public address and have someone else put it in to receive).

Often this can be as easy as scanning the QR code related to the receiving address and typing in the amount you want to send, but in cases where you don’t have a QR code then copy and pasting the public address is the next best bet.

From there you just choose the amount you want to send, follow any other wallet-specific instructions (for example adding funds for fees if necessary), and then hit send (or your wallet’s equivalent).

Once that is done the transaction just needs to settle on the blockchain (how long that takes can differ between blockchains and depend on how much you paid in fees).

If you are anxious, you can always check the status of the transaction on the blockchain by using the block explorer of the coin you sent.

Below I’ll walk through the process in a bit more detail to make sure you fully understand each step.

TIP: The above process is sued to send/receive crypto, withdraw/deposit crypto, and buy things with crypto… it is how crypto transactions work regardless of what their purpose is 😉

Sending and Receiving Cryptocurrencies

How To Send Money From Skrill To Bitcoin Wallet

This process of sending and receiving cryptocurrencies like Bitcoin, Litecoin, Ether, etc. can differ slightly between wallets (as each coin has its own set of wallet options in which that cryptocurrency can be stored), but in general:

  1. Log into a wallet you have funds in.
  2. Go to the send/receive screen (by clicking the tab or button that says this or shows the proper icon).
  3. Choose whether you want to send or receive cryptocurrency. TIP: In general you must only send and receive like-coins. 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).
  4. 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 coins in your wallet to pay the fee). After you confirm the numbers, triple-checking them to avoid silly mistakes then hit “send transaction” (or the equivalent) and verify the transaction one last time (confirming your public address and their public address is correct). TIP: you can write a note with your transaction to let the recipient know what transaction is for. TIP: Using a QR code to copy an address helps avoid potential mistakes.
  5. For receiving: You don’t have to do anything except share your public wallet address with the sender. If you are in person, you can do this by letting them scan a QR code (if your wallet offers that).

If you are still uncertain, just look up the FAQ for the wallet you are using to verify you have the steps down. Check out the video below for more.

How To Send Money To The Bitcoin Wallet Online

Tips and Tricks For Crypto Transactions

Below are some more tips and tricks for crypto transactions.

Send a test amount to new addresses: Before you send a lot of crypto, try sending a little bit as a test to make sure everything is working.

Using exchanges to send coins: For sending between exchanges you’ll want to use the withdraw and deposit buttons on the exchange next to the token you want to send. You must follow directions carefully, as sometimes you’ll need to follow specific directions. For example you might need to include a message, and sometimes you can only send whole numbers of coins. You may also need to use your authentication codes.

TIP: A wallet’s public address (or “public key”) looks like this: BTC Wallet: 1Bn9PjWsFwfwLLEbhagQE9ksUSBcT2jLTm, ETH Wallet: 0xf902fd8B2AEE76AE81bBA106d667cCF368C2f9A1, LTC Wallet:LdRi8Md4bU8iCv3gkHv4NfvMoitV3AXF6u… Private keys look different. You should never share your private key, but as you can tell from our share above, sharing your public wallet address is not a problem. So again, do share the public address that looks like that (the worst that can happen is someone puts coins in it), but never share your private key or password (as that is like handing a stranger your wallet).

how to send and receive bitcoins on blockchain.

Crypto-to-crypto exchange: You can use a platform like Shapeshift to turn one type of cryptocurrency into another. That can be helpful if you have Bitcoin, but want to do a transaction in another coin.

Why didn’t my transaction go through? After you have sent some coins (AKA tokens AKA cryptocurrency), you’ll need to allow some time for the transaction to go through. It can be nearly instant, or it could take a few minutes, or if traffic is high, it could take hours. In most wallets, you can view pending transactions. Remember, the transaction will be added to the coin’s public blockchain (a digital ledger of transactions), so you’ll always be able to see an encrypted version of it. See Etherescan.io for an example of a website that let’s you view every public action on a blockchain.

What it looks like in a bitcoin wallet.