How To Use Bitcoin To Send Money
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All you need to do is get their bitcoin address and you can transfer bitcoins from your wallet to theirs.
How to use bitcoin to send money. Then you can send bitcoins to other bitcoin addresses through your wallet. Deposit your fiat currency government issued currency like dollars euros and yen onto a bitcoin platform. To request you can share your address or qr code with the sender. Sending money with bitcoin 1. Buy bitcoins with coinjar first set up a coinjar account then complete a cash deposit.
A use case for this can be paying back a friend who bought you dinner returning a loan or even settling a bet. Type in the destination address for your intended recipient s wallet. Click request payment and the qr code will be generated. You can choose between mobile wallets such as luno or use an online bitcoin wallet such as the one provided by blockchain info. Open your software wallet and click on the send tab or use the trade send bitcoin option under your wallet s menu.
Here s the basic process for transferring money through bitcoin. If you run into any issues during the transaction please reach out to our support team. 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. By default it will tell them to send 0 015 bitcoin.
After buying bitcoin the amount will be reflected in your bitcoin wallet. 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. Your recipient sells the bitcoin for fiat currency on a bitcoin platform. To send funds from your wallet you need the recipient s receive address or qr code. Remember to use a strong password to ensure you bitcoins are safe.
Another way to use bitcoin is by sending money to your friends or family. Your bitcoin and bitcoin cash address will change each time you request but your ether address will stay the same. Make sure you do not leave the kiosk at this point until the transaction is complete.
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