How To Use Bitcoin To Send Money

It will generally be very similar to sending money through an online checking account.

How to use bitcoin to send money. Buy bitcoin and send it to your recipient. Deposit your fiat currency government issued currency like dollars euros and yen onto a bitcoin platform. Open your software wallet and click on the send tab or use the trade send bitcoin option under your wallet s menu. All you need to do is get their bitcoin address and you can transfer bitcoins from your wallet to theirs. If you want to accept any number of bitcoins to go back to the request payment tab and create a new payment request but leave the amount portion blank.

By default it will tell them to send 0 015 bitcoin. You can choose between mobile wallets such as luno or use an online bitcoin wallet such as the one provided by blockchain info. You can deposit 5 to 5 000 daily at any coinsource kiosk. If you run into any issues during the transaction please reach out to our support team. Sending money with bitcoin 1.

To request you can share your address or qr code with the sender. Another way to use bitcoin is by sending money to your friends or family. Here s the basic process for transferring money through bitcoin. Then you can send bitcoins to other bitcoin addresses through your wallet. After buying bitcoin the amount will be reflected in your bitcoin wallet.

Type in the destination address for your intended recipient s wallet. A use case for this can be paying back a friend who bought you dinner returning a loan or even settling a bet. Insert your cash into the bitcoin atm. Remember to use a strong password to ensure you bitcoins are safe. Click request payment and the qr code will be generated.

Anyone who scans this qr code can now send money to your bitcoin core wallet. Your recipient sells the bitcoin for fiat currency on a bitcoin platform. Buy bitcoins with coinjar first set up a coinjar account then complete a cash deposit.