#.install4j user bitcoin large how to#
#.install4j user bitcoin large full#

If you created an online wallet: you can locate your public address by tapping the “deposit” or “receive” button.If you created a paper wallet: you have been provided with the public key during setup.If it is an internal transfer you want to do between yourself (wallet to wallet), then you’ll need to provide it yourself. If it’s a merchant / a friend, they will need to provide it. So, where can you get the recipient’s public key? Their recipient address is their wallet’s public key. However, most of the time, you will need your recipient’s Bitcoin address if you want to send them Bitcoin. That’s because with Coinbase, you can send Bitcoin to another Coinbase user by just typing in their email address. Some exchanges, like Coinbase, make it super easy to send Bitcoin. Not sure what’s the best way to get Bitcoin? Find out my favorite sites to buy Bitcoin.

#.install4j user bitcoin large how to#

Now, let’s get to the meat of this article: how to send Bitcoin like a pro. You double check (or triple check) all the details of the transaction before clicking “Send”.īecause whatever mistake you make, it’s very unlikely that anyone will be able to help you ‘ unmake’ it.You are 100% focused when performing transactions.Since Bitcoin transactions are irreversible, it’s important that: That’s quite a good summary of the previous points I mentioned. Or worse, you may accidentally show your private key to the sender or someone else - and they might be tempted to take all your Bitcoins. How to send Bitcoin - Public key vs private keyĭon’t mix them up, or the transaction won’t work. On the other hand, you have to use your private key to unlock your wallet and access your funds. You give it to your friends so that they can use it to send you Bitcoin anytime they want.

You should use your public key to receive funds. Your public key may look similar to your private key.īut make no mistake, they are very different. How to send Bitcoin - Double check the address you pastedĭ] Mixing up your private key with your public key

#.install4j user bitcoin large full#

And if you’re feeling extra cautious, feel free to check the full address. Once you paste the address, always check the first and last characters match the recipient address you copied. Visit a blockchain explorer, and enter the address in the search bar to make sure the address exists.

Verify that the address you copied exists.

If you must rewrite it instead, triple check every character. So, how do you avoid making mistakes when entering the recipient’s address? That’s an easy mistake to make because public addresses are all long strings of characters looking like each other. Sending your Bitcoin to the wrong public address will result in the permanent loss of your funds. (Well, unless you know the recipient, or if the recipient is yourself, of course.) If you send too much, you might never get the difference back. Sending Bitcoin to these blockchains will also result in the permanent loss of your funds.Īlways double check the amount of Bitcoin you are sending. However, as a beginner, it’s pretty easy to mix up currencies.ĭo you know that Bitcoin is not the only Bitcoin out there there’s also Bitcoin Cash (BCH), Bitcoin SV (BSV), Bitcoin Gold (BTG) … and more. Of course, that is easy to avoid if you are paying attention during the transfer. Sending BTC to an Ethereum address will result in the loss of your funds. That’s why there are many costly mistakes you can make when sending Bitcoin.īe reassured, though: it’s easy to avoid these mistakes once you know them. If you send Bitcoin to the wrong recipient, you can’t get your Bitcoin back.

#0 Avoid These Mistakes When Sending Bitcoinīitcoin is fantastic because it is decentralized.Īlthough it’s great to be able to use your funds without any third party involved, you are now solely responsible for the security and movements of your funds.įurthermore, Bitcoin transactions are irreversible.

If you have doubts, no worry I’ll explain everything. Otherwise, you won’t be able to transfer your Bitcoin. Make sure you have these boxes all checked. Don’t own any Bitcoin yet? Find out How To Invest In Bitcoin, simply explained.