How do I send Bitcoin with ByteVault?

Here are instructions on how to send Bitcoin using ByteVault: 1. First, open up your ByteVault 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 and Ethereum. 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 2/7/2025): - Bitcoin (BTC) - Bitcoin Lightning (SATS) - Ethereum (ETH) - Bitcoin Cash (BCH) - Litecoin (LTC) - Dogecoin (DOGE) - Shiba Inu (SHIB) - 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 ByteVault. Store, send, and receive crypto safely and easily. Manage your ByteFederal account and find the nearest Bitcoin ATM location with ease. ByteVault, from the makers of Byte Federal cryptocurrency ATMs, is the best mobile wallet for storing your digital assets. As a non-custodial wallet, ByteVault 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. ByteVault 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. ByteVault 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 ByteVault 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.

Looking for "Crypto News"

Showing 11-20 of 328

satoshin • Dec 23, 2024, 8:50 am EST

America’s Digital Destiny: How Bitcoin Could Reshape the Future of US Economic Power

In boardrooms and policy circles across America, an ambitious vision for transforming the United States into the undisputed leader of the global digital economy is gaining attention. Michael Saylor, Executive Chairman of MicroStrategy and prominent Bitcoin advocate, has outlined a framework that positions digital assets – particularly Bitcoin – as the key to maintaining American economic dominance in the 21st century. The proposal, remarkable in its scope, suggests a path to addressing national debt while revolutionizing global financial markets. The Dollar’s Digital Crossroads The United States dollar has served as the world’s reserve currency since the Bretton Woods agreement of

7 minutes

satoshin • Dec 5, 2024, 12:28 pm EST

$100,000 – Bitcoin makes history

History has been made. Bitcoin has officially crossed the $100,000 mark, marking an unprecedented milestone in its revolutionary journey. As we witness this historic moment, we’re reminded of Bitcoin’s extraordinary path: 2011: $12013: $1002013: $1,0002017: $10,0002024: $100,000 This meteoric rise isn’t just about numbers – it’s about Bitcoin’s transformation into a cornerstone of the global financial system. With a market cap approaching $2 trillion, Bitcoin now stands alongside tech giants like Microsoft, Google, and Amazon. Why This Milestone Matters: Visit one of our conveniently located ATMs to start your Bitcoin journey. With over 1,200 locations across 42 states, we offer:Industry-leading

2 minutes

johnd • Nov 12, 2024, 12:17 pm EST

Bitcoin as the New Gold Standard: Implications of a National Bitcoin Reserve

Bitcoin’s recent surge to $88,000— briefly spiking above $89,000 —comes at a critical turning point in global financial markets. The rally coincides with Donald Trump’s electoral victory and a major policy proposal from Senator Cynthia Lummis: the establishment of a National Bitcoin Reserve. As Bitcoin’s role expands from speculative asset to a potential cornerstone of national financial strategy, we are witnessing a pivotal moment for the United States and, perhaps, the world. Trump, Lummis, and a National Bitcoin Reserve Senator Lummis’s call for a National Bitcoin Reserve under a Trump administration has the potential to fundamentally reshape sovereign wealth management.

3 minutes

arusso • Nov 6, 2024, 2:22 pm EST

Trump Secures Historic Victory in 2024 Election

Donald Trump has won the 2024 U.S. presidential election, making history by clinching both the Electoral College and the popular vote, a sweeping result that has sent a powerful message to Washington, D.C.: Americans are ready for real change. The significance of this moment cannot be overstated—it’s a clear mandate for freedom, reform, and a new direction. As news of Trump’s win unfolded, Bitcoin surged to an all-time high, reaching a new peak of almost $75,000 in the midst of the excitement. The rally reflects a growing belief in economic independence and the future of decentralized finance, principles that resonated

1 minute

carlp • Oct 31, 2024, 10:45 am EDT

Florida CFO Proposes Bitcoin as Pension Fund Asset

Florida’s Chief Financial Officer, Jimmy Patronis, has proposed a plan that could put Florida at the forefront of bitcoin adoption. In a recent letter to the Florida State Board of Administration (SBA), Patronis recommended establishing a “strategic Bitcoin reserve” and evaluating Bitcoin as a potential addition to the state’s pension funds. His aim? To diversify Florida’s retirement portfolio and provide state workers—from teachers to firefighters—a hedge against traditional financial volatility. Bitcoin as “Digital Gold”: A Hedge Against Economic Uncertainty In his letter, Patronis emphasized Bitcoin’s unique position as “digital gold,” highlighting how Bitcoin’s decentralized nature could serve as a counterbalance

3 minutes

carlp • Oct 16, 2024, 4:47 pm EDT

TD Bank Hit with Record $3B Fine for Money Laundering: No Jail Time

In what marks the largest penalty of its kind in U.S. history, TD Bank has been slapped with a staggering $3 billion fine for enabling drug cartel money laundering—a sum that barely dents the bank’s massive profits from the scheme. According to the U.S. Department of Justice (DOJ), TD Bank pocketed $10 billion from laundering drug money, meaning even after the historic fine, the bank still walks away with a net profit of $7 billion. The bank’s role in facilitating the movement of illicit funds raises serious questions about the effectiveness of current regulations—and who is truly held accountable when

5 minutes

Mark Paolillo • Sep 23, 2024, 12:25 pm EDT

The 2024 Money Transmitter Regulators Association

Mark Paolillo is a founding partner and the CRO and CCO at Byte Federal. Mark recently spoke at the MTRA (Money Transmitter Regulators Association) 2024 Annual Conference. Below is a transcript of his speech in full. Good morning everyone, my name is Mark Paolillo. I have worked in the public sector as a certified Public Accountant for 30 years. Today, I leverage my experience towards a new passion as the Chief Financial Officer and Chief Compliance Officer of Byte Federal. We are a Bitcoin kiosk operator. We have about 50 employees and perform the majority of our operations in-house. We are Bitcoin

9 minutes

carlp • Sep 18, 2024, 12:12 pm EDT

World Liberty Financial: Trump’s New DeFi Platform

Former President Donald Trump’s embrace of the bitcoin and crypto industries has officially spanned to the world of decentralized finance (DeFi). On Monday, he took to X (formerly Twitter) for a Spaces event, announcing World Liberty Financial (WLF)—a new crypto banking platform that promises to reshape borrowing, lending, and investing in the digital economy. A New Financial Frontier World Liberty Financial, as outlined during the two-hour event, aims to empower everyday users by offering a platform where people can borrow, lend, and invest in crypto assets. Trump was candid in his remarks, admitting that while he was “not overly interested”

4 minutes

carlp • Sep 9, 2024, 12:49 pm EDT

Uniswap’s Settlement with the CFTC: A Battle for Freedom in the DeFi Space

In a case that could help shape the future of decentralized finance (DeFi), Uniswap Labs, the developers behind the largest decentralized exchange, recently faced enforcement action from the U.S. Commodity Futures Trading Commission (CFTC). The CFTC accused Uniswap Labs of facilitating illicit trading activities and failing to implement sufficient Know Your Customer (KYC) procedures, as required under the Commodity Exchange Act. The charges brought by the CFTC represented a significant regulatory challenge to the DeFi ecosystem, which has long operated under the premise of decentralization, autonomy, and financial freedom. In a recent turn of events, Uniswap Labs agreed to settle

4 minutes

johnd • Aug 29, 2024, 12:15 pm EDT

SEC Targets OpenSea: A Dangerous Overreach into the Creative World

The U.S. Securities and Exchange Commission (SEC) has escalated its battle against the crypto community by issuing a Wells Notice to OpenSea, one of the largest NFT marketplaces. The move signals the agency’s intention to possibly bring legal action against the platform, raising serious concerns about regulatory overreach and the future of digital art. By targeting NFTs, the SEC is venturing into new, uncharted territory—one that could undermine not just platforms like OpenSea but the broader community of artists, creators, and entrepreneurs who utilize NFTs to innovate and connect with their audiences. For those less familiar with the SEC’s relentless

4 minutes