How To Use Bitcoin To Send Money

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How to use bitcoin to send money. You can choose between mobile wallets such as luno or use an online bitcoin wallet such as the one provided by blockchain info. Click request payment and the qr code will be generated. Buy bitcoin and send it to your recipient. Anyone who scans this qr code can now send money to your bitcoin core wallet. Deposit your fiat currency government issued currency like dollars euros and yen onto a bitcoin platform.

To send funds from your wallet you need the recipient s receive address or qr code. Insert your cash into the bitcoin atm. By default it will tell them to send 0 015 bitcoin. Your recipient sells the bitcoin for fiat currency on a bitcoin platform. Here s the basic process for transferring money through bitcoin.

You can deposit 5 to 5 000 daily at any coinsource kiosk. A use case for this can be paying back a friend who bought you dinner returning a loan or even settling a bet. 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 bitcoin and bitcoin cash address will change each time you request but your ether address will stay the same. Remember to use a strong password to ensure you bitcoins are safe.

All you need to do is get their bitcoin address and you can transfer bitcoins from your wallet to theirs. Another way to use bitcoin is by sending money to your friends or family. To request you can share your address or qr code with the sender. Buy bitcoins with coinjar first set up a coinjar account then complete a cash deposit. After buying bitcoin the amount will be reflected in your bitcoin wallet.

Then you can send bitcoins to other bitcoin addresses through your wallet. Type in the destination address for your intended recipient s wallet. Make sure you do not leave the kiosk at this point until the transaction is complete.