How to transfer bitcoins to another wallet

By 2024, cryptocurrencies have reached the level of mass adoption. More and more countries are introducing digital coins into the economy and social processes. From the material, novice users will learn how to transfer bitcoins to another wallet. The procedure is not complicated, but you need to understand the mechanism of transactions and some nuances.

Features of the transfer of cryptocurrency

Digital coins are created as an alternative to traditional money. By analogy with bank accounts, cryptocurrency represents state records in the blockchain – a distributed network.

Wallets are used to access the assets. These are special programs that store secret keys.

When a cryptocurrency wallet is created, a public address is also generated. This is an identifier that can be transferred to another user to transfer funds. Usually in wallets it is specified in the form of a string of code and QR. To send cryptocurrency to a counterparty, you need to copy or scan the identifier, specify the number of coins and start the transaction.

How to transfer bitcoins to another wallet
Transferring digital coins

The transaction enters the blockchain, where it is verified and processed by miners according to the established algorithm. After the execution of a certain number of network confirmations, the coins are transferred to the recipient.

Wallet address

The public identifier can be obtained from the counterparty. If it is planned to transfer coins to a personal account, it is necessary to copy or scan the details in advance. For bitcoin, it can have several formats.

5020 $
бонус для Π½ΠΎΠ²ΠΈΡ… користувачів!

9.8

ByBit Π·Π°Π±Π΅Π·ΠΏΠ΅Ρ‡ΡƒΡ” Π·Ρ€ΡƒΡ‡Π½Ρ– Ρ‚Π° Π±Π΅Π·ΠΏΠ΅Ρ‡Π½Ρ– ΡƒΠΌΠΎΠ²ΠΈ для Ρ‚ΠΎΡ€Π³Ρ–Π²Π»Ρ– ΠΊΡ€ΠΈΠΏΡ‚ΠΎΠ²Π°Π»ΡŽΡ‚ΠΎΡŽ, ΠΏΡ€ΠΎΠΏΠΎΠ½ΡƒΡ” Π½ΠΈΠ·ΡŒΠΊΡ– комісії, високий Ρ€Ρ–Π²Π΅Π½ΡŒ ліквідності Ρ‚Π° сучасні інструмСнти для Π°Π½Π°Π»Ρ–Π·Ρƒ Ρ€ΠΈΠ½ΠΊΡƒ. Π’Ρ–Π½ ΠΏΡ–Π΄Ρ‚Ρ€ΠΈΠΌΡƒΡ” спотову Ρ‚ΠΎΡ€Π³Ρ–Π²Π»ΡŽ Ρ‚Π° Ρ‚ΠΎΡ€Π³Ρ–Π²Π»ΡŽ Π· використанням ΠΊΡ€Π΅Π΄ΠΈΡ‚Π½ΠΎΠ³ΠΎ ΠΏΠ»Π΅Ρ‡Π°, Π° Ρ‚Π°ΠΊΠΎΠΆ Π΄ΠΎΠΏΠΎΠΌΠ°Π³Π°Ρ” початківцям Ρ‚Π° профСсійним Ρ‚Ρ€Π΅ΠΉΠ΄Π΅Ρ€Π°ΠΌ Π·Π° допомогою Ρ–Π½Ρ‚ΡƒΡ—Ρ‚ΠΈΠ²Π½ΠΎ Π·Ρ€ΠΎΠ·ΡƒΠΌΡ–Π»ΠΎΠ³ΠΎ інтСрфСйсу Ρ‚Π° Π½Π°Π²Ρ‡Π°Π»ΡŒΠ½ΠΈΡ… посібників.

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9.5

ΠΠ°ΠΉΠ±Ρ–Π»ΡŒΡˆΠ° ΠΊΡ€ΠΈΠΏΡ‚ΠΎΠ±Ρ–Ρ€ΠΆΠ°, Π΄Π΅ ΠΌΠΎΠΆΠ½Π° швидко Ρ‚Π° Π±Π΅Π·ΠΏΠ΅Ρ‡Π½ΠΎ Ρ€ΠΎΠ·ΠΏΠΎΡ‡Π°Ρ‚ΠΈ свою ΠΏΠΎΠ΄ΠΎΡ€ΠΎΠΆ Ρƒ світі ΠΊΡ€ΠΈΠΏΡ‚ΠΎΠ²Π°Π»ΡŽΡ‚. ΠŸΠ»Π°Ρ‚Ρ„ΠΎΡ€ΠΌΠ° ΠΏΡ€ΠΎΠΏΠΎΠ½ΡƒΡ” сотні популярних Π°ΠΊΡ‚ΠΈΠ²Ρ–Π², Π½ΠΈΠ·ΡŒΠΊΡ– комісії Ρ‚Π° ΠΏΠ΅Ρ€Π΅Π΄ΠΎΠ²Ρ– інструмСнти для Ρ‚ΠΎΡ€Π³Ρ–Π²Π»Ρ– Ρ‚Π° інвСстування. ΠŸΡ€ΠΎΡΡ‚Π° рСєстрація, висока ΡˆΠ²ΠΈΠ΄ΠΊΡ–ΡΡ‚ΡŒ Ρ‚Ρ€Π°Π½Π·Π°ΠΊΡ†Ρ–ΠΉ Ρ‚Π° Π½Π°Π΄Ρ–ΠΉΠ½ΠΈΠΉ захист ΠΊΠΎΡˆΡ‚Ρ–Π² Ρ€ΠΎΠ±Π»ΡΡ‚ΡŒ Binance Ρ‡ΡƒΠ΄ΠΎΠ²ΠΈΠΌ Π²ΠΈΠ±ΠΎΡ€ΠΎΠΌ для Ρ‚Ρ€Π΅ΠΉΠ΄Π΅Ρ€Ρ–Π² Π±ΡƒΠ΄ΡŒ-якого рівня!

Address structure
ΠšΠΎΠΌΠ΅Π½Ρ‚Π°Ρ€
Example
Legacy
Starts with the number 1. Created by default by many cryptocurrency wallets.1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
P2SH
The first digit is 3. The address uses a multi-signature. To transfer BTC to another wallet, the transaction must be signed by multiple participants.3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy
Bench32
Starts with the character combination – bc1. A relatively new address format with increased reliability.bc1qar0srrrr7xfkvy5l643lydnw9re59gtzzwf5mdq

Commissions

Miners need to pay for processing and confirming the transfer. The amount of commission is set by the network. The amount is not fixed and can change with the load on the blockchain.

For example, in July 2024, the commission on the Bitcoin network is 0.000023 BTC ($1.48). Many interfaces offer to set this amount on their own to speed up transaction processing.

How to transfer bitcoins from one wallet to another

The procedure for sending cryptocurrency is not complicated:

  1. The user enters the interface.
  2. Selects a coin from the list of supported coins.
  3. Clicks on the “Send” button.
  4. Copies the recipient’s address and inserts it into the corresponding field. The identifier can also be scanned.
  5. Confirms the operation.

Login to the wallet

The transaction can be processed in the cryptocurrency vault. To log in, you will need to enter a password or secret key. It is also recommended to activate two-factor authorization with Google Authenticator. An additional code will be sent to your smartphone for secure login and confirmation of operations.

BTC balance

To transfer Bitcoin from one wallet to another, you need to check the available balance. It is also necessary to take into account the commission of the network. If there are not enough coins, you should replenish the balance.

Send address

This field can be filled manually or automatically. In the first case, you will need to copy the address of the recipient and paste it into the corresponding line. To do this, you can use the built-in function in the cryptocurrency wallet.

For automatic filling it is necessary to scan a QR code with the address with the help of a smartphone camera. The data will appear in the corresponding field.

Confirmation of the transfer

For authorization, it is enough to sign the transaction with a private key. To do this, you need to click on the “Send” button. The recommended way to confirm the transfer is with 2FA. The option will protect assets in case of unauthorized access to the account.

Appearance of the transaction in the network

You can check the status of the transaction by TxID. The transaction will appear in the blockchain as soon as it is sent. Using the identifier, you can track the status of the transfer.

ΠŸΠΎΡˆΠΈΡ€Π΅Π½Ρ– запитання

πŸ’³ How to withdraw bitcoin to a card in rubles?

The easiest way is to use exchangers. It is necessary to create and pay for the application – the money will be transferred to the necessary requisites.

πŸ€” What to do if you specified the wrong address of the recipient?

Cryptocurrency transactions are irreversible. You will not be able to return the coins.

❓ What is the difference between a custodial wallet and a decentralized wallet?

The former stores private keys on the developers’ server, the latter transfers them to users.

πŸ’° How to calculate the commission in the Bitcoin network?

You need to multiply the amount of the transaction by the fee per byte. The commission is measured in satoshis.

⭐ Which EPS support BTC?

The most popular ones are Perfect Money, PAYEER, Advcash.

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