Transferring money to a bitcoin wallet, Sending Bitcoin – Blockchain Support Center
Bitcoin is the easiest way to transact at a very low cost. Mobile payments made easy Bitcoin when used on a mobile device allows you to pay with a simple two-step scan-and-pay. There's no need to sign up, swipe your card, type a PIN, or sign anything.
How To Transfer Bitcoin From Coinbase To Your Own Wallet
All you need to receive Transferring money to a bitcoin wallet payments is to display the QR code in your Bitcoin wallet app and let the other party scan your mobile, or touch the two phones together using NFC radio technology. Security and control over your money Bitcoin transactions are secured by military-grade cryptography.
Bitcoin for Individuals
Nobody can take your money or make a payment on your behalf. So long as you take the required steps to protect your walletBitcoin can give you control over your money and a strong level of protection against many types of fraud.
Works everywhere, anytime Similarly to email, you don't need to ask recipients you're sending bitcoin to, to use the same software, wallets or service providers. You just need their bitcoin address and then you can transact with them anytime.
The Bitcoin network is always running and never sleeps, even on weekends and holidays. Fast international payments Sending bitcoins across borders is as easy as sending them across the street.
There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send. Choose your own fees There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending.
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- A Bitcoin wallet works similar to the real wallet in your pocket: it allows you to spend and receive currency in this case, that currency is bitcoins.
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Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to sendbitcoins for the same fee it costs to send 1 bitcoin.
Protect your identity With Bitcoin, there's no credit card number that malicious actors can collect in order to steal from you.
In fact, it's even possible in some cases to send a payment without revealing your identity, almost like with physical money. You should, however, take note that some effort can be required to protect your privacy.