How To Send Cryptocurrency From Coinsource ATM?

Coinsource is a popular Bitcoin ATM provider that operates across several states in the US. Users can purchase and sell Bitcoin using their machines, but they also offer the ability to send crypto to other wallets. In this blog post, we will guide you through the process of sending crypto from Coinsource ATM.

Step 1: Locate the Coinsource ATM

To send crypto from Coinsource, you need to find a Coinsource ATM near you. Coinsource has a website that allows you to search for the nearest machine. You can also use the Coinsource app, which is available for iOS and Android devices. Once you have found a Coinsource ATM, you can proceed to the next step.

Step 2: Verify Your Identity

Before you can send crypto from Coinsource, you need to verify your identity. The verification process involves scanning your government-issued ID, such as a driver's license or passport, and taking a selfie. This step is necessary to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Step 3: Insert Cash

To send crypto, you need to have enough funds in your Coinsource wallet. If you don't have any funds, you can insert cash into the machine to buy Bitcoin. Coinsource accepts cash denominations of $5, $10, $20, $50, $100, and $1,000. Once you have inserted the cash, you can select the "Send Bitcoin" option from the menu.

Step 4: Enter the Recipient's Wallet Address

To send crypto from Coinsource, you need to enter the recipient's wallet address. The wallet address is a long string of alphanumeric characters that identifies the recipient's Bitcoin wallet. You can usually find the wallet address in the recipient's wallet app or account. Double-check the wallet address to ensure that it is correct, as sending crypto to the wrong address is irreversible.

Step 5: Confirm the Transaction

Once you have entered the recipient's wallet address, you need to confirm the transaction. The Coinsource ATM machine will display a summary of the transaction, including the amount of Bitcoin you are sending, the transaction fee, and the recipient's wallet address. Check the details carefully and confirm the transaction. The Coinsource machine will then process the transaction and send the Bitcoin to the recipient's wallet.

Conclusion:

Sending crypto from Coinsource is a simple process that involves locating a Coinsource ATM, verifying your identity, inserting cash, entering the recipient's wallet address, and confirming the transaction. The process is secure and compliant with AML and KYC regulations, ensuring that your funds are safe and legal. If you have any questions or issues with the process, you can contact Coinsource's customer support team for assistance.