Send Money Using Bitcoin

Bitamp is an easy-to-use, client-side, open-source Bitcoin wallet. Connect with the blockchain to send and receive Bitcoin from anywhere, or any device, instantly.
  1. How To Send Money Using Bitcoin Atm
  2. Send Money From Bitcoin Wallet To Bank Account
  3. How To Send Money Using Bitcoin Atm
  4. How To Send Money Using Bitcoin Atm Machine
  5. Send Money Using Bitcoin Scam
    • Secure
    • Anonymous
    • Instant
    • Worldwide
    • Control
    • Secure

      Bitamp is an open-source, client-side, free Bitcoin wallet which allows you to send and receive Bitcoin securely on the blockchain.

      Remember to always verify your SSL connection before logging in. Look for the padlock to the left of bitamp.com in your browser.

    • Anonymous

      Your anonymity is important to us. Bitamp doesn't store your seed, private key, transactions, ip address or browser details.

      No email address or personal information is needed to use our service. Feel free to access your account from home, VPN or TOR.

    • Instant

      Directly connect to the Bitcoin blockchain in your browser with Bitamp.

      Transactions are sent instantly at your command. Once broadcasted, the blockchain typically takes 10 minutes to confirm your transfer. With normal banks, transfers can take several days or weeks.

    • Worldwide

      Bitcoin doesn't have borders. You can send money to any recipient globally without any restrictions.

      Bitcoin transactions only cost you pennies, it's not a mystery why Bitcoin is used by millions of people to transfer money worldwide.

    • Control

      Your Keys, Your Bitcoin. Not having access to your private key or seed puts you at risk to lose your Bitcoin.

      Again and again, crypto exchanges and custodial wallets have been hacked, dissolved or become insolvent; leaving their members with empty wallets. Don't fall victim, take control of your Bitcoin and your financial independence.

Remittance is a billion dollar business, with over 400 billion dollars sent annually. Sadly for Australians across the sea, sending money home can cost an estimated 12% on top of the amount transferred. If you sent $200 home every week you would spend over $1000 a year just for supporting your family.

In this post, I’ll walk you through the whole thing, so you get a better understanding of how long does it take to transfer bitcoins between wallets and why. How Long Does A Bitcoin Transaction Takes? Long story short, a Bitcoin transaction can take anywhere from 1 minute to 60 minutes or even a day or two to get confirmed.

  • 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.
  • Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. Based in the USA, Coinbase is available in over 30 countries worldwide.
  • Step 4: Send a small amount of bitcoin to the public address you created within your Bitcoin wallet using the “send” function in the place you send money through bitcoin obtained your bitcoin Bitcoin is a decentralized, peer-to-peer network that enables its users to send money to each other.
  • Sending Bitcoin Open your Bitcoin.com wallet app and select Send. Copy and paste the recipient’s wallet address into your own wallet app. Or, if you’re in person, select Scan QR code and simply scan it with your app.

Using bitcoin exchanges like CoinJar (a company that lets you buy bitcoin and also sell bitcoin) you are able to:

  • Convert your Australian Dollars to bitcoin.
  • Transmit that bitcoin to your home country immediately.
  • Convert bitcoin to currency quickly and easily at an exchange in your home country.

Below we’ll go through some bitcoin basics, and how to use it for remittance.

We’ve used CoinJar as an example, but you can use this same method with any exchange.

What is bitcoin?

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

Can you send money using bitcoin

First set up a CoinJar account, then complete a cash deposit. Once this is done simply convert your cash to bitcoins.

2. Send your bitcoins

In your CoinJar, select ‘send bitcoin’. Then input the bitcoin amount you are sending and the wallet address at the other end. (Not sure what a wallet is? We will give you more information below)

3. Convert at the other end

At the other end the person takes the bitcoin they’ve received and converts it at a local exchange.

The tricky stuff

How To Send Money Using Bitcoin Atm

Wallets

A wallet is what you use to store bitcoins. There are many options for bitcoin wallets, you can host your own or use an exchange (like CoinJar) and use their wallet feature to cash out. Learn more about wallets here.

Converting at Exchanges

Check out the best exchange options in your home country here. They list the bitcoin exchanges Coins.PH in the Phillipines, btc38 in China and Bitcoin in India. You can also find individual sellers at local bitcoins.

You can even set up an account with a bitcoin exchange in the other country and arrange for the withdrawal on behalf of your family, skipping the rremittance fees without your family having to handle bitcoin.

Compare the options

We had a look at the fees for sending $100 to from Australia to India.

WESTERN UNIONBITCOIN
Amount Sent$100.00$100.00
Fee$10.00$3.10

Western Union

Sending $100 costs $10. According to their websites, there may also be fees at the other end, as well as a currency conversion fee.

Bitcoin

Sending $100 costs $3.10 in total. $2 to convert to bitcoin and $1.10 to convert back again. (This is based on CoinJar rates and some of the listed exchanges rates are actually lower than this!)

If you were to send $100 every week you would save $358.80 by the end of the year, which means $358.80 worth of Christmas presents you can send back as well!

To find out if bitcoin remittance will save you money, check out BTCTransit. It will pull current exchange rates and list all available exchanges in the sending and receiving country.

Pros: If you find the right exchange and take the time to set up a good pipeline you might be able to save yourself some money and some time.

Send Money From Bitcoin Wallet To Bank Account

Cons: It can be difficult working out which exchange is right for you, and every country is different. Initial set up may require more work than traditional exchange.

How To Send Money Using Bitcoin Atm

Bitcoin is a powerful tool that if used correctly can give you power over your money. It is an emerging technology so start small with your experiments, take the time to do some research and be careful. With that being said this is a great chance to learn more about this revolutionary technology and maybe save some money.

If you currently use bitcoin for remittance let us know @getcoinjar Slots that pay money.

To Note

We urge you to do your own research to find an exchange in your home country you are happy with. Every exchange and country is a little bit different.

How To Send Money Using Bitcoin Atm Machine

We are not affiliated with the above exchanges or websites and accept no liability for your dealings with them.

Send Money Using Bitcoin Scam

It is also important to check the pricing at other websites,and be aware of the fluctuating price of bitcoin. If you are remitting then try to convert to cash at the other end as quickly as possible.