Paxful coin

Although fairly intuitive, sending and receiving bitcoin and crypto is different than using a credit card, Venmo, or PayPal to transfer funds. But once you’ve learned it, the process for transferring bitcoin is essentially the same for all other cryptocurrencies .

Keeping your digital assets in an exchange wallet is comes with added risks, so storing your cryptocurrency there for a long period of time is not a good idea .

On the Bitcoin network, the average confirmation time for a BTC payment is about 10 minutes . However, transaction times can vary wildly. This is because it is affected by factors such as the total network activity, hashrate and transaction fees.

Sending bitcoin is as easy as choosing the amount to send and deciding where it goes. One way to send bitcoin, then, is to simply copy the recipient’s address to your clipboard, then paste it in the send field of the Bitcoin wallet app you’re using. Bitcoin addresses can also be displayed in QR code format.