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How to fund a BTC wallet? How to send Bitcoin?

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Tokeneo
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3 min reading

The funding of wallets depends primarily on its type. The article will focus on the possibilities offered by online platforms, but remember that there are hardware wallets that are not directly connected to the network and allow you to stay more secure.

How to top up your BTC wallet?

The BTC wallet can be supplemented, among others through the cryptocurrency exchange on which we made the purchase. The second option is to replenish the BTC wallet through an online exchange office. It is worth bearing in mind that this form is based on the owner who decides on the currency rate himself. This form is extremely simple, fast and safe. Usually, replenishing the wallet takes up to a few hours maximum. Undoubtedly, it is the easiest way to replenish the wallet due to the standard mechanism for doing this on each of the platforms. The last form is receiving BTC from another user.

How to send BTC?

BTC can be sent, among others via a mobile BTC wallet, which can be accessed even on our mobile phone. The wallet allows us two options: providing a string of numbers, which is the address of our BTC wallet, or also a QR code that entitles the other person to scan the barcode using a camera available on a mobile phone. The second option seems to be a bit faster, because there is no need to copy or enter a manual address, which consists of a sequence of random numbers and letters.

After entering the address or scanning the QR code, the appropriate BTC value that we want to send is determined. Then we go to the next stage, which must be confirmed with our private key.

How to get BTC?

In order to properly understand the functioning of the BTC wallet, it is necessary to mention the addresses to which they can be sent. The first is the public address that entitles each user to public view, and thus any person who sees the address and has a desire to send cryptocurrencies can do so. However, in the case of a private address, it closes a group of people in one scheme and in order to receive BTC, we must make our address available in order to receive a given cryptocurrency value.

The BTC is received in the same way as it is sent. In this case, we only need to provide our wallet address or a QR code that locates our wallet. It's so easy to get your own BTC wallet without having to confirm.

As indicated above, the process of receiving or sending BTC is not complicated. Please note that in order to make transactions, we only provide our wallet address, not the private key! The private key should be strictly protected so that no other user can access our funds.

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