How to Send Bitcoin Internationally
International Sends Made Simple: Bitcoin ATMs Enable Users to Cash Out Their Crypto for Pesos
Are you trying to send money to your loved ones internationally? Traditional methods can be time consuming and expensive, but Bitcoin ATMs and crypto wallets offer a safe and fast solution for sending and cashing out cryptocurrency internationally.
Traditional remittance services have long been the most widely used to send money across borders, but they often come with long processing times. CoinFlip is revolutionizing the way you send and receive crypto around the world.
Hypothetical scenario: from Chicago to Mexico
Let's explore a hypothetical scenario to see how this process works. Let's imagine that Jorge, who lives in Chicago, wants to send money to his family in Mexico. Instead of heading to a conventional money transfer service, opt for a CoinFlip ATM (often referred to as "Bitcoin ATMs").
Step 1: Buy Crypto in Chicago
Jorge locates and visits a CoinFlip ATM in Chicago. With the cash in hand, he inserts the money into the ATM and scans the QR code linked to his cryptocurrency wallet in the CoinFlip app. The machine processes the transaction and converts the money into Bitcoin, which is deposited into his crypto wallet. This process is quick and usually takes only a few minutes to appear.
Step 2: Sending Crypto to Mexico
Once the Bitcoin is reflected in his cryptocurrency wallet, Jorge uses his CoinFlip App to send the funds to his family's cryptocurrency wallet in Mexico. By simply entering his family's wallet address and the amount he wants to send, Jorge can initiate the transfer. The transaction is recorded on the blockchain, helping to ensure the security and transparency of the transaction.
Step 3: Receive and convert cryptocurrencies in Mexico
Upon receiving the Bitcoin, Jorge's family in Mexico can access their CoinFlip App and see the received transfer instantly.
They then head to a local CoinFlip ATM in Mexico, where they can sell the Bitcoin in exchange for cash, and receive the equivalent amount in Mexican pesos. This step is as simple as the initial purchase in Chicago, and provides them with fast access to funds.
Benefits of Using Bitcoin ATMs for International Sends
Faster transactions: While conventional transfers can take several days, especially for cross-border transactions, using CoinFlip ATMs and crypto wallets allows for almost instant transfers.
Accessibility: With the growing number of Bitcoin ATMs around the world, access to cryptocurrency services is becoming more widespread, making it easier for people to take advantage of this method of money transfer.
In Mexico, CoinFlip has the most robust Bitcoin ATM network on the market, with more than 30 ATMs located in strategic points in Mexico City, such as Condesa, Roma, and Polanco. In addition, the company has plans to expand its presence to other states in the country in the short term.
The growing trend of cryptocurrencies for international sends
As more people recognize the benefits of using cryptocurrencies for international sends the trend is gaining momentum. Bitcoin ATMs and crypto wallets offer a modern and efficient alternative compared to traditional services. Not only do they reduce time, but they also empower people by providing them with greater control over their financial transactions.
