The transferability of a currency is inextricably linked to the value of that currency. Bitcoin as a cryptocurrency would be without value if it could not be sent and received. The vital question becomes how to send and receive Bitcoin and this is what we will explore in this article.
How to Send and Receive Bitcoin
One of the easiest ways to send and receive Bitcoin is by using bitcoin.com. you can download and use the app on your phone or laptop or you simply use the site.
How to Send Bitcoin
You would need to have the wallet app, after you open the app tap the ‘Send’ icon. You should have the wallet address of who you want to send Bitcoin to, paste that wallet address into your app. Select your wallet that contains the bitcoin you want to send, type in the amount you want to transfer then tap the next icon.
Be sure to verify the amount and other details of the transaction before you slide send.
If your transfer is between wallets that you own then tap to transfer between your wallets after you tap send.
How to Receive Bitcoin
The process of receiving Bitcoin is quite similar to sending bitcoin. You will tap the receive icon in your wallet app. Select the wallet the money should be sent to. After you select the wallet an address will be generated that you can copy and send to the sender of Bitcoin.
The sender can send Bitcoin directly to the wallet address.