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How Do I Send Bitcoins To Someone?

How To Use A Bitcoin Wallet (for Newbies)

How To Use A Bitcoin Wallet (for Newbies)

How to use a Bitcoin wallet (for newbies) This page aims to be the best resource for new users to understand how Bitcoin wallets work, and how to use them. To use Bitcoin, some sort of wallet is needed. There are several wallet programs from you to choose from, as well as a web wallet called My Wallet . Here is a full list of Bitcoin wallets . Before proceeding, you should make sure your computer system is secure . The following demonstrates how to use My Wallet, but most of it applies to any other client you choose. Note - there is no "reset your password" feature. You must not lose your password. Recommended: Associate an email address with the account, for backup purposes. You now have a Bitcoin Address , which you can use to receive payments - just email your address to another person, and he can send money directly to this address. Note - anyone who knows your address might be able to analyze your transactions and estimate how much Bitcoins you own. Understand that Bitcoin is pseudonymous , not anonymous. Understand that your wallet can contain numerous bitcoin addresses. It is a good practice to generate a new receiving address for each incoming transaction, to increase anonymity. You can now get some Bitcoins ... for free . Make sure to test it, try sending a few (milli)bitcoins to someone and get the hang of it. If you want to own some more Bitcoins, proceed to Buying Bitcoins (the newbie version) The other clients are similar in principle to My Wallet, but there are a few important differences: You need to download a software to your computer to use them (make sure to only download form a trusted source ... if unsure, ask) Continue reading >>

Better Way To Send Bitcoin To Someone Without A Wallet? : Bitcoin

Better Way To Send Bitcoin To Someone Without A Wallet? : Bitcoin

So I'm at a wedding and I've been chatting up Bitcoin with my cousin, and now he wants to try it. So I'm ready to send him some coins, but this is not so simple. He has to: open the app store, find a bitcoin wallet that he likes, download that, open it, go through some setup process with warnings and such about backing up and losing his coins, create a passcode which he might forget, etc. Then after that I have to tell him to click on the "receive" button (or whatever that wallet has) and hold up his phone for me to scan the QR. What I would like to do: Open a website on my phone that lets me enter his email address or phone number which then generates a receiving address for me to copy and paste into my wallet so that I can send the coins to that address. So the work is all on me. After I send the coins he would get an email or SMS with a link which would let him, open a minimal "web enabled" wallet that does not require login (link would be all they need). Once they click the link it immediately shows them their balance. So they use tools they already know (email, sms, web). Blockchain My Wallet has some features like this (send via email), but only if you have a My Wallet account already and then the setup process on the receiving side is still complex. Blockchain doesn't even let you send via email from their iOS app (AFAIK). Of course there are issues, like would this service know the private key they generate for the recipient, and is there a way to avoid that? Email snooping, is also a security issue, etc. But the ease of sending anyone bitcoins, with no requirement for them to setup anything in advance and no requirement for me to use a particular wallet for sending might overcome some of these issues (if they can't be solved). I'm curious to know of other solu Continue reading >>

How To Send Bitcoins

How To Send Bitcoins

Three Parts: Sending Bitcoins to Another User Setting Up Your Bitcoin Wallet Collecting Bitcoins to Use In a Transaction Community Q&A Bitcoins are a type of digital currency used in a peer-to-peer payment system. They are created as users record and verify payments for a transaction fee. However, bitcoins are not backed by gold or paper currency, and are therefore valueless unless you sell them, convert them to normal currency, or use them to buy a product or service. [1] Before you can conduct a transaction and send bitcoins to someone else, you'll need to choose and set up a Bitcoin wallet and accrue bitcoins by either receiving them from someone else, buying them , or mining for new bitcoins. Send money with a software wallet. Though the process of sending money with a software wallet may vary from one platform to another, the steps should follow the same basic procedure. It will generally be very similar to sending money through an online checking account. [2] Open your software wallet and click on the "Send" tab, or use the "Trade|Send Bitcoin" option under your wallet's menu. Type in the destination address for your intended recipient's wallet. You can type it by hand, copy and paste it from your system clipboard, or drag and drop the recipient's QR code. Choose a label so that you can track your bitcoin transaction. Type in the value you want transferred in the "BTC" box. Review the details to ensure that you have entered the correct information. Once completed, the transfer is not reversible. It can take around one hour for the transaction to be confirmed by the Bitcoin network, but you and the recipient will instantly be able to see that the transaction was completed. [3] Use a paper wallet to send bitcoins. If you're using a paper wallet, you'll need to acce Continue reading >>

How To Buy Bitcoin (btc) As A Gift This Holiday Season Quartz

How To Buy Bitcoin (btc) As A Gift This Holiday Season Quartz

While some holiday shoppers might be ogling the Nintendo Switch or that perfect pair of jeans , savvy folk like you and I understand that deep down your friends and family are secretly hoping to unwrap the gift of a speculative, volatile investment. Bitcoin, the digital currency that JPMorgan boss Jamie Dimon once called a terrible store of value , is an appealing mix of danger, value, and zeitgeist for the discerning gift-giver this holiday season. The cryptocurrency has been on a tear this year, jumping by around 1,700% in value. Giving a friend or loved one bitcoin is the imperfect midpoint between gifting a savings bond (zzz) and a lottery ticket (tacky). Like a savings bond, the gift has an intrinsic value that you pass on to the recipient. But like a scratch-off, at some point in the future it could be worth much more than what you paid for it. Or, even more exciting, it could be worth absolutely nothing. How to buy a decentralized, blockchain-verified gift Lets assume the person youre buying bitcoin for doesnt know anything about cryptocurrency. Maybe theyve seen something about bitcoin on the news, but never got in on the action . Although a bitcoin currently goes for around $17,000, you can buy a fraction of a coin, so decide how much you want to buy inughfiat money, like dollars, pounds, or euros. Its probably best to do this as close to the time youre giving the gift as possible, due to bitcoins wild price fluctuations. If you havent bought bitcoin before, the easiest way to get set up is with a web-based wallet like Coinbase. Through Coinbase, you create an account and buy the bitcoin. Be warned: depending on where you live you might have to submit personal information like your address and last four digits of a social security number. You will also have to Continue reading >>

Sending Money? Why Not Do It With Bitcoin

Sending Money? Why Not Do It With Bitcoin

Sending Money? Why Not Do it with Bitcoin December 10, 20171:00 pmPublished by Alex Lielacher Conducting an international money transfer using your high street bank is not only costly but can also easily take up to five days or more. The commonly used alternatives to international bank transfers are large money transfer operators (MTOs) such as the Western Union or MoneyGram. However, the fees that money transfer operators charge on top of sub-optimal exchange rates are often worse than the fees that banks are charging. According to the World Bank, the average cost of remittances globally stood at 7.45 percent in March 2017. In other words, if you are sending GBP 500 to a family member abroad, they will on average only receive the local currency equivalent of GBP 462.75. The GBP 37.25 that the recipient loses out on can go a long way in many parts of the world and thats why new ways to send money abroad must be found. Fortunately, there is a new solution that alleviates high remittances costs, bitcoin. Bitcoin is a decentralized global digital currency that runs on a peer-to-peer network called the blockchain. Bitcoin enables users to buy goods and services online and in-store, wherever the cryptocurrency is accepted as a payment method. Bitcoin also allows users to send and receive money across borders without the need for an intermediary such as a bank or a money transfer operator who takes a cut out of the transaction. Sending bitcoin can sound complicated, but it really isnt. All you need is some bitcoin, a bitcoin wallet (where you store your bitcoin) and the bitcoin address you wish to send bitcoin to. There are different types of wallets such as mobile wallets, desktop wallets, online wallets, and hardware wallets. Mobile wallets that you can easily access on yo Continue reading >>

A Quick Guide To Receiving And Sending Bitcoin | Coincentral

A Quick Guide To Receiving And Sending Bitcoin | Coincentral

In order to get a Bitcoin address, you need a Bitcoin wallet . Bitcoin wallets are software that is used to store, send, and receive Bitcoins. Technically, wallets do not actually store your Bitcoin, but instead store a set of private and public ECDSA keypairs. A Private Key is a secret number, mathematically related to your public key, that signs transactions. A Public Key is used to confirm that you are the owner of an address that can be used to receive funds. A Bitcoin Address is a hashed version of a public key, used as an account number to receive bitcoin. If Ive lost you, dont worry! For your purposes, all you to need to understand is how to use your Bitcoin address. Simply put, your Bitcoin address can be used by anybody to send you Bitcoins. Below, Ill show you just how easy it can be to send and receive Bitcoins. For this guide, Ill be using one of the most commonly recommended online wallets. You can learn more about the different types of wallets, as well as which we recommend, in our wallet guide . Coinbase is a beginner friendly online wallet, as well as a way to easily buy and sell Bitcoin and other cryptocurrencies. Their wallet is free to use and sign up is easy. You can help secure your wallet, by enabling Google Authenticator as a 2-Factor Verification Method. This can be found under Settings > Security in your account. It is worth noting, Coinbase holds your private keys, meaning youre not in complete control over your cryptocurrency. With that being said, Coinbase is a widely trusted U.S. based company. You can learn more about the company in our Coinbase Review . Once you have a wallet, receiving Bitcoin is incredibly simple. All that needs to be done is to find your Bitcoin address, then share it with whoever is sending you Bitcoin. Coinbase Afte Continue reading >>

How To Give Bitcoin As A Gift

How To Give Bitcoin As A Gift

The crazy rise of bitcoin is certainly going to be the topic at holiday dinners this season. Forget giving out lotto ticket scratch-offs. This season you should be giving the gift of bitcoin. No -- you don't need to buy an entire bitcoin, the price of which has fluctuated rapidly over the past several days from around $13,000 to $19,000 (it may even be way higher or lower by the time you read this!) Instead, you can gift part -- a tiny fraction -- of a bitcoin. It can still be used where the currency is accepted, or your loved one can hang on to it just in case Bitcoin's rapid ascension continues. Download Coinbase from the iTunes App Store for your iPhone or from the Google Play Store for an Android smartphone. Make a note that whoever you're sending Bitcoin to should also have a Bitcoin wallet, like Coinbase, if they don't already. After all, they'll need somewhere to store their new currency. Coinbase is the go-to app right now for folks looking to acquire a bit of bitcoin. It's the app I used in my original " how to buy bitcoin guide ," too. Create an account at the login screen and you're on your way. Tap "Buy" button on the home screen, you'll be prompted to add a payment method. Next you'll add a bank account (for buying large amounts), or a credit or debit card (for smaller amounts). I chose to add my debit card, since the transfer is instantaneous instead of taking several days, but you can use any option you prefer. Open Coinbase and tap "Buy" on the bottom of the screen. Enter any dollar amount you want and then you'll see how much bitcoin that actually gets you. Bitcoin was trading at $15,901.93 at the time I wrote this, so $20 got me 0.00116401 bitcoin. Told you it was a fraction! Beware: in some cases you may receive a fraud alert from your bank, which yo Continue reading >>

Tutorial: How To Send Bitcoins Using Email Or Sms Messages

Tutorial: How To Send Bitcoins Using Email Or Sms Messages

Share your email with us to receive updates on Blockchain and the industry. As a follow up to our tutorial, How to send bitcoins using our web wallet , we wanted to also show you that you can send bitcoins with the Blockchain Wallet using email or SMS (text) messages. Its simple to do, and has a lot of benefits such as, people dont need a bitcoin address or wallet to be sentbitcoins. Its a great way to introduce people to bitcoin and get them started, while showing them how valuable it is. In this tutorial we will showhow tosend bitcoins to anyone in the world instantly using email or text messages. If you have follow up questions, dont hesitate to get in touch with us. Were here to help, and our goal is to always ensure that your experience with Blockchain and bitcoins are the best possible. To get started, log in to your Blockchain Wallet and then click on Send. On the left sidemenu, click on Email under Send Via. You will then see the screen below. Filling out the form is simple; just enter the recipients email address and the amount of bitcoins you want to send to them. A confirmation screen will appear, click Send Payment. After the transaction is confirmed in the block chain, an email is generated to the recipient. The email should look like the screen below. It will tell the recipient who sent the bitcoins, pulling in your email address to display to the recipient, and display the transaction details including the amount of bitcoins sent. The recipient must claim the payment for the transaction to go through. The payment can be reversed by the sender until it is claimed. Once the recipient claims the Bitcoin payment, it cannot be reversed. Upon claiming, the private key is swept into the recipients wallet or sent to another address. A copy of the private key is Continue reading >>

Cryptopay.me | Cryptopay Bitcoin Money Transfers | Send And Receive

Cryptopay.me | Cryptopay Bitcoin Money Transfers | Send And Receive

Cryptopay provides a straightforward way to send money around the globe via blockchain. Enjoy the benefits of the bitcoin payment networkinstant, global, secure and free paymentswithout the risks and price volatility. Send money to almost anyone in the world with internet access. No matter where they are, theyll be happy to get your message. The recipients can order a Cryptopay prepaid card and withdraw money theyve received from any ATM instantly. Ready within minutes! With our service, youll be able to send and receive money with anyone, anywhere. We use cookies to improve your experience on the website. Continue reading >>

How Do I Send Bitcoin Or Ethereum?

How Do I Send Bitcoin Or Ethereum?

Once you have digital currency such as Bitcoin or Ethereum in your Luno wallet, you can easily send it to others. There are three ways to send digital currencies using Luno: Sending it to someone's email address or mobile number (Bitcoin only) Sending to a wallet address, email address or mobile number Select which digital currency you want to send (Bitcoin or Ethereum) Enter the wallet address, email or mobile number to which you want to send Review the transaction, enter your PIN or two-factor authentication code (if necessary, depending on your device and settings) and confirm You can see your transaction history by navigating to MENU Transactions. The recipient's wallet might take a while to show the transaction Sending Bitcoin to someone with a Luno wallet using their email address or mobile number makes the transaction instant and free (if they dont have a Luno account, theyll be asked to create one) For security reasons, amounts exceeding 10 BTC or 20 ETH arent sent immediately. See the manual send schedule to see when your transfer will be completed. This is a convenient way to pay using your Luno wallet, without the need to enter the recipient's wallet address. Its ideal when sending from a mobile device using the Luno mobile app. Review the details and confirm the transaction What are the fees for sending Bitcoin and Ethereum? There is a dynamic fee when you send Bitcoin or Ethereum, which is based on the blockchain network activity at that time. Well display it to you before you confirm the send transaction. Weve published a blog article in which we discuss the reasons behind our fee structure. More information about send fees can be found here . Remember, sending Bitcoin to an email address or mobile number is instant and free. Continue reading >>

Bitcoin For Individuals

Bitcoin For Individuals

Bitcoin is the simplest way to exchange money at very low cost. Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology). Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet , Bitcoin can give you control over your money and a strong level of protection against many types of fraud. Just like with email, you don't need to ask your family to use the same software or the same service providers. Just let them stick to their own favorites. No problem there; they are all compatible as they use the same open technology. The Bitcoin network never sleeps, even on holidays! Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send. There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin. With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, almo Continue reading >>

Coinbase | How Do I Send Digital Currency To Anothe...

Coinbase | How Do I Send Digital Currency To Anothe...

Confirm the details of the transaction and complete the send Tap the menu icon near the top left of the screen to open the Navbar. Select the wallet you wish to send from, located in the Navbar. Tap the paper airplane icon in the upper right hand of the screen. Enter the amount you wish to send. (Tap the up/down arrows to switch between currencies.) Enter the email or wallet address and any notes you wish to include. Review the details of your transaction and tap 'Send'in the upper right corner of the screen. Enter the desired amount and press 'Continue' Review the details of your transaction and tap 'Send'in the upper right corner of the screen. Tap the menu icon near the top left of the screen to open the Navbar. Select the wallet you wish to sendfrom, located in the Navbar. Tap the '+' icon nearthe lower right hand of the screen. Enter theamount you wish to send.(Tap the up/down arrows to switch between currency selection.) Enter the email or wallet address and any notes you wish to include. Review the details of your transaction and tap the "forward" arrowin the upper right corner of the screen. Enter the desired amountand press 'Continue' Review the details of your transaction and tap the 'forward'arrowin the upper right corner of the screen. Still can't find what you're looking for? Continue reading >>

How To Pay With Bitcoin Guide - Coinify

How To Pay With Bitcoin Guide - Coinify

Posted by Coinify on 30 November 2016 05:03 PM In order to start using Bitcoins as a payments method, you would first need to have a Bitcoin wallet. This can be understood as the bitcoin equivalent of a bank account. With a Bitcoin wallet you can receive bitcoin, store bitcoin, pay for an invoice with bitcoin, and send bitcoin to others. There are several options for you to choose from when creating your wallet: Desktop wallets, Mobile wallets, (to learn more about them please go to, Opening a Bitcoin wallet ) You also have to option of using a Web wallet such as Blockchain that you can access from both your mobile phone and computer. No matter what is the wallet you choose, the process is quite fast and easy. Simply follow the instructions and your new wallet will be ready to be used in no time. Once you have your wallet all set up, you will need to have some bitcoins in it. Bitcoins can be bought via credit card or bank transfer and Coinify offers this services through its Trade Platform . You simply need to provide a bitcoin address that is generated by your wallet and the bitcoins will be delivered to your wallet so that you can used them to buy anything you want later. If you want to know more about the process of buying bitcoins, please go to our Knowledgebase . Now you have some Bitcoins in your wallet and you are ready to spend them! Go the webshop you want to buy from and choose your product. Next, go to the checkout and choose Pay with Bitcoin or click on the Bitcoin logo. You will be provided with information about your order and the equivalent price in Bitcoins, plus a QR Code you need to scan with your wallet (in case you are using a wallet installed in your phone or tablet.) Open your wallet on your mobile device and scan the QR code. The code will turn g Continue reading >>

How Do Bitcoin Transactions Work? - Coindesk

How Do Bitcoin Transactions Work? - Coindesk

Bitcoin transactions are sent from and to electronic bitcoin wallets , and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced. Holding onto bitcoins is great if you’re a speculator waiting for the price to go up, but the whole point of this currency is to spend it, right? So, when spending bitcoins, how do transactions work? There are no bitcoins, only records of bitcoin transactions Here’s the funny thing about bitcoins: they don’t exist anywhere, even on a hard drive. We talk about someone having bitcoins, but when you look at a particular bitcoin address, there are no digital bitcoins held in it, in the same way that you might hold pounds or dollars in a bank account. You cannot point to a physical object, or even a digital file, and say “this is a bitcoin”. Instead, there are only records of transactions between different addresses, with balances that increase and decrease. Every transaction that ever took place is stored in a vast public ledger called the block chain. If you want to work out the balance of any bitcoin address, the information isn’t held at that address; you must reconstruct it by looking at the blockchain. If Alice sends some bitcoins to Bob, that transaction will have three pieces of information: An input. This is a record of which bitcoin address was used to send the bitcoins to Alice in the first place (she received them from her friend, Eve). An amount. This is the amount of bitcoins that Alice is sending to Bob. An output. This is Bob's bitcoin address. To send bitcoins, you need two things: a bitcoin address and a private key. A bitcoin address is generated randomly, and is simply a sequence of lett Continue reading >>

25+ Answers - Someone I Don't Know Has Randomly Sent Me 18,500 Bitcoins. Is There A Way For Him To Chargeback? Should I Call The Cops?

25+ Answers - Someone I Don't Know Has Randomly Sent Me 18,500 Bitcoins. Is There A Way For Him To Chargeback? Should I Call The Cops?

Someone I don't know has randomly sent me 18,500 Bitcoins. Is there a way for him to chargeback? Should I call the cops? Tracy Longbons , M.S. Criminal Justice & Police and Law Enforcement, University of Central Florida and Ross Yerger , 15 year veteran special agent with the US Secret Service Im absolutely amazed at the terrible advice that people are giving that will land you in jail at best, or dead at worst. I have a first hand view of how millions of dollars gets moved with bitcoin, and I can easily imagine that someone screwed up and sent coin to your wallet. First of all. They cant do a chargeback. Thats not necessarily a good thing, because it means the only way they can get their money back is to force you to give it to them. By keeping the coin, you will owe the IRS about USD 5 million in taxes, which will subject you to felony tax evasion if you dont pay. Paying the USD 5 million means that you get to keep USD 31 million, but you absolutely have to pay those taxes. No. Trusts will not help you. No moving the money offshore will not help you. What you need is a good tax lawyer, who might be able to get the taxes down to USD 2 million and charge you USD 500k. But paying the IRS several million dollars is a bargain, because then you get police protection, and you are going to need it. There are some very scary people in this business. The nice thing about these people is that they will not harm or injure bystanders, and if you tell them that you dont want to help them, they will leave you alone. If you report the money to the authorities, you are a bystander. If you keep the money and tell no one, then you are a legitimate target, and you dont want to be a target. The good news about the scary people in Hong Kong is that they dont want to kill you. Killing you Continue reading >>

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