How to send crypto?

Share Article

Here’s how to send it to someone:

  1. Get Their Public adress (Key): They’ll give you a long string of numbers and letters called a “wallet address.” This is like their bank account number.
  2. Use Your Wallet: Your crypto wallet (app or program) will have a “send” option.
  3. Enter Details: Paste in their Public adress (Key) the amount to send and pay a small fee (like a postage stamp).
  4. Hit Send!: Your wallet broadcasts the transaction to the blockchain (like a giant public record book).
  5. “Miners” Do the Work: People with powerful computers called “miners” check the transaction to make sure it’s legit.
  6. Money Arrives!: Once the transaction is confirmed, the crypto will show up in your friend’s wallet.

How This is Different from Traditional Money?

  • No Middleman: No banks are involved in crypto transactions.
  • Can Take a While: Confirming the transaction can take a few minutes or even longer, depending on the cryptocurrency.
  • You’re in Charge: It’s your responsibility to make sure you have the right wallet address, to protect your private key, etc.

The Big Idea: Sending crypto is a bit like sending an email – you need the recipient’s address, and you have to hit “send” for it to go through.

You might also like

Deposit and Withdraw 101

Understanding Cryptocurrency Transactions

When you send or receive cryptocurrency, it’s like sending digital money from one person to another. Here are the basics to understand: 1. What’s in

Deposit and Withdraw 101

Public Keys vs. Private Keys

Think of cryptocurrency like having an email account Important: How It Works?Your wallet uses your private key to create your public key. But no one

#Tokenomic

@tokenomic