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. Make sure you do not leave the kiosk at this point until the transaction is complete. Insert your cash into the bitcoin atm. Remember to use a strong password to ensure you bitcoins are safe. Open your software wallet and click on the send tab or use the trade send bitcoin option under your wallet s menu. To send funds from your wallet you need the recipient s receive address or qr code.

If you run into any issues during the transaction please reach out to our support team. A use case for this can be paying back a friend who bought you dinner returning a loan or even settling a bet. Buy bitcoins with coinjar first set up a coinjar account then complete a cash deposit. Anyone who scans this qr code can now send money to your bitcoin core wallet. You can deposit 5 to 5 000 daily at any coinsource kiosk.

To request you can share your address or qr code with the sender. Your bitcoin and bitcoin cash address will change each time you request but your ether address will stay the same. Then you can send bitcoins to other bitcoin addresses through your wallet. Click request payment and the qr code will be generated. Buy bitcoin and send it to your recipient.

Type in the destination address for your intended recipient s wallet. Sending money with bitcoin 1. You can choose between mobile wallets such as luno or use an online bitcoin wallet such as the one provided by blockchain info. 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. Here s the basic process for transferring money through bitcoin.

Deposit your fiat currency government issued currency like dollars euros and yen onto a bitcoin platform. Your recipient sells the bitcoin for fiat currency on a bitcoin platform. Another way to use bitcoin is by sending money to your friends or family.