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I’ve an in depth buddy residing abroad who I wished to ship cash to. They steered utilizing a Bitcoin ATM as a substitute of different strategies. What’s the steered finest means or methodology for me to make use of this methodology?
requested Feb 10, 2021 at 15:25
Ask your buddy to ship you their Bitcoin receiving handle – they need to use their Bitcoin-Pockets to create and present them a brand new receiving handle for this transaction. They will then ship you the Bitcoin-address in e mail and many others. It should look one thing like one of many following examples (do not use these):bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq or3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy or1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
They will as a substitute ship you a QR-barcode that you just would possibly be capable to scan into the Bitcoin machine. That is most likely much less susceptible to errors. If you happen to make a mistake the cash is misplaced – bitcoin transactions can’t be undone, cancelled, or reversed.
On the Bitcoin machine, ensure it isn’t creating a brand new pockets or a brand new account with some enterprise however is as a substitute sending the bought BTC on to an handle of your selection. The small print rely on the make and mannequin of Bitcoin machine. You will have to decide on some particular choices on the machine. Enter or scan your buddy’s handle because the receiving handle and double-check it. Make an observation of any transaction-ID and/or hold any paper receipt.
answered Feb 10, 2021 at 15:34
