How do I send Bitcoin with ByteWallet?

Here are instructions on how to send Bitcoin using Byte Wallet: 1. First, open up your Byte Wallet app. 2. Then, select the wallet icon on the bottom of the screen. 3. Select the wallet you would like to send from (make sure the BTC has arrived in your wallet, and you can see the amount purchased). 4. Select the "send" option. 5. Put in the amount of BTC you would like to send while accommodating for the transaction fee. 6. Copy and paste the wallet address you are sending to, or use the "scan" button to scan the QR code from your photo gallery. 7. Hit "next". If you get an error on your screen saying "The sending amount exceeds the available", please lower the amount you are sending to accommodate for the fees.

How can I view my transactions?

You can view all your past transactions by logging in to your Byte Federal user home page: https://wallet.bytefederal.com/web/dashboard This page allows you to refer to all past and future transactions and comes with a whole range of other useful resources.

I need to send bitcoin to my family. How do I go about it?

First, make sure the request is not a scam trying to trick you into sending money to someone you don't know! If you're confident in the legitimacy of the request, follow these steps: 1. Download a free Bitcoin wallet from your mobile phone's App Store. Follow the setup instructions; this will generate a Bitcoin address for you, which works similarly to a "bank account number". 2. Bring cash, your phone, and a photo ID (driver's license or passport) to our ATM. Register at the ATM (usually takes 3 minutes, but it can take up to 30 minutes). Once registered, follow the on-screen instructions to purchase Bitcoin. The cash you insert will be converted into Bitcoin and sent to your phone's Bitcoin wallet. 3. Send the required amount from your mobile phone to your family. That's it!

How can I send Bitcoin from my wallet to another person account who is on another site?

First try to find an option in your wallet that says "send" or "pay" with Bitcoin. Then you simply copy and paste your friend's Bitcoin address into your wallet's sending form ("destination address") and specify the amount. Different wallets have slightly different layouts or labels but it is all quite similar in that you will need the recipients Bitcoin address and a specific amount you would like to send (similar to Paypal, Venmo or Square cash). Once you hit "send", the amount you specified will be deducted from your balance. Once the transaction confirms (settles) on the Bitcoin network, your friend will see it become available in their balance.

What is the price of bitcoin?

The price of Bitcoin follows rules of supply and demand. As Bitcoin's rate of issuance is mathematically fixed, sharp increases in demand or supply make Bitcoin's price highly volatile. As Bitcoin keeps appreciating over time, however, it becomes less volatile over time. You can find our Bitcoin price rate which we calculate in real-time when you visit our kiosks. The rate is displayed on the kiosk landing page and includes all our fees.

Do you support/offer other coins besides Bitcoin?

Yes! We support a wide range of cryptocurrencies including Bitcoin Lightning, Ethereum, Litecoin, Bitcoin Cash, Dash, and Marscoin. We also offer stablecoins such as USDT, USDC, and DAI, along with popular Ethereum DeFi tokens like AAVE, LINK, and UNI. Our offerings are continually expanding, so please check back regularly for the most updated list both here and at our kiosks. Full list of cryptocurrencies we offer (as of 9/19/2024): - Bitcoin (BTC) - Bitcoin Lightning (SATS) - Ethereum (ETH) - Bitcoin Cash (BCH) - Litecoin (LTC) - Monero (XMR) - Dogecoin (DOGE) - AAVE (AAVE) - Chainlink (LINK) - Uniswap (UNI) - Shiba Inu (SHIB) - Marscoin (MARS) - DAI (DAI)¹ - Tether (USDT)¹ - USDC (USDC)¹

My last transaction is not showing up in my wallet?

Sometimes it might take up to 20-30 minutes before the transaction is dispatched. In addition, the Bitcoin blockchain, which is a global settlement network can get congested periodically. Remember: Bitcoin replaces an entire central banking system and realizes a final settlement of all transactions permanently. This coordination on the blockchain takes a bit of time. We recommend to keep checking the blockchain explorer link that we send out in our receipts per email or SMS. You will see your transaction pending - many wallets will only display fully confirmed transactions, not pending ones.

What is a good wallet to use?

We highly recommend ByteWallet. Store, send, and receive crypto safely and easily. Manage your ByteFederal account and find the nearest Bitcoin ATM location with ease. ByteWallet, from the makers of Byte Federal cryptocurrency ATMs, is the best mobile wallet for storing your digital assets. As a non-custodial wallet, ByteWallet ensures that you own your keys and your crypto, aligning with the principles of decentralized finance. Create as many wallets as you like to store BTC, ETH, LTC, DOGE, and even MARS, the future currency of the planet Mars. ByteWallet supports the Lightning Network for faster transactions. Backup and recovery are quick and easy with your unique 12-word seed phrase, the industry standard for security. ByteWallet is intuitive and user-friendly, making it simple for anyone to send and receive crypto assets. For advanced users, there are features like setting custom fees for transactions to control confirmation speed, and the option to paste in and broadcast raw transactions. Whenever you need to top up your crypto balances with cash, use the responsive interactive map built into ByteWallet to find the nearest Byte Federal ATM. Stay updated with the latest crypto news. You can also manage your Byte Federal account directly from the wallet app, including viewing your purchase history and using the revolutionary fast ATM login feature. Just flash your app's login QR code at any of Byte Federal's hundreds of crypto ATMs to log in—no need to enter your phone number or wait for a confirmation text message.

Can I send money to another person or company using this kiosk?

No! The kiosks are only used like vending machines to purchase Bitcoin for your own wallet. Sending Bitcoin to a third party violates our terms and conditions and will lead to deactivation of your account. All Bitcoin transactions are final! Make sure to protect your money and don’t send Bitcoin to anyone you met online or over the phone.

How long does it take to register?

The process is straightforward and will take only a few minutes. At our kiosk follow the on-screen instructions. Make sure to bring your driver’s license or passport or some form of government issued picture ID. If there is any additional information required, our staff will reach out to you via text or email. We welcome your feedback and always try to further optimize the onboarding process - to make it as easy as possible to purchase Bitcoin!

I have technical issues with a kiosk, what should I do?

If you have problems with a particular kiosk, please reach out to us via live chat or call our support hotline. Make sure to let us know which kiosk you are at (address or serial number of the machine on the top right). Our IT staff will respond promptly and resolve any issues you might encounter.

What are my cash limits?

The first transaction limit is $300. After successful registration, the limit increases to $29,500 per day. We pride ourselves in keeping our network up and running 99.9% of the time.

What are your fees? What do they include?

Our fees are competitively priced and depending on region and Bitcoin rate source. Our kiosks display their Bitcoin rates prominently and include all our fees. The fee rate contains the cost for cash handling, volatility fluctuations, banking and federal regulations, hardware and software costs.

ByteU - Videos

Videos

Ep 1: Intro to Bitcoin

Welcome to ByteFederal University, where you can boldly reshape your financial future with Bitcoin. This guide provides insight into Bitcoin. What is it? Who created it? How does it work? All of these questions and more will be answered throughout episode one of our 13 episode series, Understanding Bitcoin, and how to invest and earn Bitcoin in the future of finance, utilizing tools such as ByteFederal ATMs, ByteConnect POS,and Byte Wallet.

Sep 3, 2024

Ep 2: How bitcoin works

Have you ever wondered what makes Bitcoin unique? Or maybe you've asked yourself what exactly makes Bitcoin Different? Bitcoin is more secure than any other form of currency every created, and in Episode 2 of ByteFederal University, we're going to break down exactly why Bitcoin is so secure and help you understand The Bitcoin Blockchain.

Sep 3, 2024

Ep 3: Setting up a Bitcoin Wallet

In episode 3 of our 13 part series, we'll be looking at diverse types of Bitcoin wallets, and understanding how they operate, and how to achieve the most of your wallet's security. Whether you're a beginner dreaming of financial freedom or looking to bolster your crypto knowledge, this episode has something for everyone. Get ready to better understand your Bitcoin wallet and take a confident step towards securing your digital future.

Sep 3, 2024

Ep 4: Buying and Selling Bitcoin

In Part 4 of our 13-part series, we’ll be providing the “where” and “how” to buy and sell Bitcoin. Whether you're wondering where to buy and sell Bitcoin or seeking the best practices for securing your wealth. Join us as we reveal expert tips and tricks on navigating the Bitcoin marketplace to help you achieve financial freedom. Perfect for beginners and seasoned enthusiasts alike, this episode empowers you to take control of your Bitcoin transactions and investments. Don't miss out on transforming your digital currency knowledge into real-world success.

Sep 3, 2024

Ep 5: Bitcoin Security

As the digital age evolves, so does the sophistication of frauds and scams, especially within the realm of Bitcoin and digital assets. This episode is dedicated to arming you with knowledge and tools to keep your digital assets secure and impenetrable. We'll discuss the tactics scammers use to attempt theft, and provide you with the strongest safeguards to protect your investments and personal information. Understanding the landscape of common scams and security measures is crucial before venturing deeper into Bitcoin. Join us for an enlightening session on securing your digital future against the unforeseen.

Sep 5, 2024

Ep 6: Bitcoin as an Investment

Navigate the world of Bitcoin investments with Part 6 of our enlightening 13-part series. Bitcoin's market is renowned for its volatility, presenting both significant risks and rewards. This episode aims to explain how Bitcoin operates as an investment, offering a balanced and comprehensive overview of the cryptocurrency market. We'll delve into effective strategies to minimize risks and maximize your potential for profitability. This video will equip you with the knowledge to make informed investment decisions in the dynamic world of Bitcoin. Join us to better understand Bitcoin investing and take a step closer to achieving your financial goals.

Sep 5, 2024

Ep 7: Bitcoin Transaction Fees

‘Nothing great ever comes free,' and this holds true for Bitcoin as well. In episode 7 of our 13 part series we’ll be discussing the intricacies of Bitcoin fees, why they're essential, how they impact your investment, and how to avoid fees with the Lightning Network. This video will address your burning questions, such as how to minimize fees and the rationale behind their existence. With insights and practical tips, we'll guide you through optimizing your Bitcoin transactions for efficiency and cost-effectiveness. This episode is a crucial step towards mastering the use of Bitcoin as store of value, and as a payments protocol, to achieve financial freedom. Join us to unlock the knowledge you need to navigate the Bitcoin ecosystem smartly and economically.

Sep 5, 2024

Ep 8: Legal & Regulatory Landscape of Bitcoin

In a world where consensus is rare, the perspectives on Bitcoin are no different. In episode 8 of our 13 part series. We’ll be discussing aspects of compliance, and navigating through the maze of global regulations surrounding Bitcoin. Discover how different countries approach Bitcoin and what it means for you as an investor or enthusiast. We'll provide you with the knowledge to remain compliant while maximizing the potential of your Bitcoin investments. Understanding the legal framework is essential for everyone in the Bitcoin community. So that you can remain worry free while investing in your digital assets.

Sep 5, 2024

Ep 9: Impact on the Global Economy

Throughout episode 9 of our 13 part series we’ll help you understand the complexities of how Bitcoin contrasts with fiat money. examining why bitcoin is the best money ever created. both its strengths and weaknesses. We’ll delve into the unique challenges Bitcoin faces, from regulatory hurdles to its role in financial inclusion and its ability to deliver property rights to everyone on the planet, a key driver for human flourishing. By exploring these, we aim to provide an overview of Bitcoin's position in the larger economies of the world and its potential to reshape financial systems worldwide. This episode offers invaluable insights into Bitcoin's evolving relationship with the global monetary system.

Sep 5, 2024

Ep 10: Bitcoin in the Real World

After exploring Bitcoin's global impact, we now turn our focus to its everyday applications and the pivotal role it plays in safeguarding consumer privacy. Episode 10 of our 13 part series sheds light on how Bitcoin is more than just a digital currency—it's a tool for enhancing personal financial privacy and sovereignty. From the concept of remittances, un-censorable transactions, to practical tips on incorporating Bitcoin into your daily life. Discover the myriad of ways Bitcoin can be used today and speculate on its exciting future possibilities. This episode will answer your questions on Bitcoins’ application in the real world, and inspire you to consider how Bitcoin can be used to fix many of today's problems, which include inflation, financial inclusion, and lowering the cost of energy. Join us as we explore the tangible benefits of Bitcoin and envision its potential to revolutionize our world. Fix the money, fix the world!

Sep 5, 2024

Ep 11: Privacy in the World of Bitcoin

Privacy stands as one of the selling points in the realm of digital currencies, and Bitcoin offers this while simultaneously providing transparency. Is Bitcoin really anonymous? How are transactions within its network tracked and recorded? This episode is dedicated to answering these questions and more on Bitcoin's privacy features. We'll guide you through the nuances of transaction anonymity, the mechanisms behind Bitcoin's privacy, and practical tips to enhance your own privacy while navigating the Bitcoin network. This video will provide you with a deeper understanding of how Bitcoin addresses privacy concerns. We aim to equip you with the knowledge to confidently manage your privacy on this platform.

Sep 5, 2024

Ep 12: Bitcoin Myths Debunked

Separate myth from reality in the world of Bitcoin with Episode 12 of our 13 part series. In the dynamic and often misunderstood realm of cryptocurrency, it's crucial to discern fact from fiction. This episode dives deep into debunking common myths about Bitcoin, addressing concerns such as its stability, its use in fraudulent activities, and the speculation around it being a 'bubble' that could burst. Armed with facts and clear explanations, we aim to dispel misconceptions and provide you with a solid foundation of understanding. This video will answer your pressing questions and prepare you for a confident foray into all the benefits Bitcoin has to offer.

Sep 5, 2024

Ep 13: Smart Contract Development & Security

In the final section of our 13-part series, we turn our focus to a technological backbone of Bitcoin: Bitcoin core development and Security. With a solid understanding of Bitcoin's fundamentals now under our belts, it's time to delve into the advanced systems that keep the Bitcoin network robust and secure. This episode will explore the intricacies of development within Bitcoins’ systems, the security mechanisms that protect it, and how these developments are implemented. We'll answer questions about the systems behind Bitcoin contracts and the technology that ensures their reliability and security. This video is your gateway to comprehending the future developments on Bitcoin.

Sep 5, 2024