How to Transfer Bitcoin Between Wallets – 2020 Guide

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Well, the cryptocurrency is now a familiar phrase in the entire world. Indeed, you can also find a group of people that do not believe in this modern invention. However, we need to be objective and say that Bitcoin and other cryptos have changed the world completely. We do not know exactly how things are going to progress in the future. Still, we do believe that things are not going to be the same as before.

Many governments in the world started to accept cryptocurrencies as a legit payment method. We assume the number of countries that accept them will grow soon. Anyway, because of these changes, people started to improve their knowledge of this subject. Selling and buying Bitcoin is a complex process. Okay, the technical side is not difficult. However, choosing the right moment to sell and buy any cryptocurrency is a tough challenge. You need to understand very well how the things in the crypto world are functioning.

The first thing that you need to learn about is online wallets. Did you know that there are different types of online wallets? Well, we won’t spend a lot of words on this subject. Our recommendation is to visit cryptowisser.com and learn more about this topic. After finding out which types of online wallets exist, it will be easier for you to choose the one that will satisfy your needs.

After you learn how to sell and buy Bitcoin (or any other cryptocurrency), you also need to learn how to transfer Bitcoin between wallets. We have noticed that many people do not even know that something like this is possible. On the other hand, people that do know that this is possible do not know how to do it.

Trust us; you do not have to be a genius to realize how to do this. That’s why we want to explain how to receive and send Bitcoin from one wallet to another.

Let’s get started.

How to Receive Bitcoin from another Wallet

Source: wikiHow

Well, the entire process is not that complex as you think. More precisely, you can finish it with 5 or 6 clicks. The first thing that you have to do is to log in to your Coinbase account. After you do that, you need to directly go to the dashboard. In the dashboard, you will see the option “Your Account”. After left-clicking on it, you need to go to the wallet where you plan to receive the Bitcoin. The only thing that you need to do now is to hit “Receive”.

Well, after going through this process, your wallet is set to receive BTC automatically. However, the process does not stop there. Now you need to give the sender your address. There is an easier way as well; you can give him your QR code.

A new window will pop up when you do that. All that you need to do now is to hit “Show Address”. As we said, there you will get an address or a QU code. It is up to you to choose one of those two methods.

However, if you plan to send him the address, there is something that we need to say. You need to be careful about this move. The successful Bitcoin or altcoins transfer from one wallet to another is not possible if the sender gets an invalid address. In this case, mistakes are simply not allowed. If you give the wrong address, you won’t get the coins. However, that’s not it. Your coins may also be irretrievable if they make it to a different wallet. We suppose you don’t want something like this to happen.

How to Send Bitcoin to another Wallet

Source: Bitcoin Market Journal

Well, many people like to compare the sending of Bitcoin with sending payment via Paypal or Payoneer. Believe it or not, the entire process is not difficult at all. Let’s start with the moves that you need to go through.

Logically, go to your Coinbase account and go to the dashboard for start. As you know, the next step is to go to “Your Accounts”. Still, this time you need to go to the wallet you wish to send from and to click on “Send”.

When you do that, you need to select “Wallet Address”. Here you need to enter the recipient’s wallet address in the recipient box. Now you need to choose the wallet where you will send Bitcoins from. However, this time, you need to pay attention to potential fees that could arise.

When you enter the address, hit “Continue” and the confirmation page is going to pop up. Don’t get confused; here you have to enter the verification code. It is the code that was sent to you via your 2-step verification method. If you are ready to send Bitcoin, click “Confirm”.

Sending Bitcoin to Email Address

Source: wikiHow

Believe it or not, this is also possible. You do not have to send BTCs directly to a wallet address. Instead, you can send it to an email address. Here is how you can do that.

Once again, log in to your Coinbase account and visit the dashboard. Once again hit “Send” after you click on “Your Accounts” and choose the right wallet. When the new window pops up, you will see the option “Email Address”. After you select it, you need to enter the correct email address of the recipient. Finally, select the amount of BTC that you want to send. You can also add a note if there is something you would want to add.

Once again you will have to enter a verification code after hitting “Continue”. That’s it, there are no further moves. The only thing that you should know is that a recipient will receive an invitation via email. He will be notified that the BTCs were transferred to his wallet and that he needs to log in to it to check the transfer.

Conclusion

Before we say “goodbye”, we just need to repeat one important thing. Be careful when entering an email or wallet address. If you make the mistake here, the problem can be a lot bigger. Do not rush when sending or receiving BTC.

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