Getting Started with Bitcoin
Sending and Receiving Bitcoin
Sending and receiving Bitcoin is a fundamental part of using the cryptocurrency. In this lesson, you’ll learn how to move BTC securely using wallets and addresses.
How to Send Bitcoin
To send Bitcoin, you need a wallet with balance and the recipient’s address. Follow these steps to send BTC safely:
- Step 1: Open your wallet — Use your mobile, desktop, or hardware wallet.
- Step 2: Enter the recipient’s address — Paste or scan via QR. Transactions are irreversible—double-check it.
- Step 3: Specify the amount — Enter BTC (or local currency) and review the current network fee.
- Step 4: Review and confirm — Verify address, amount, and fee target (speed) before sending.
- Step 5: Wait for confirmations — Your tx is broadcast and confirmed on-chain; timing depends on fee and network traffic.
How to Receive Bitcoin
Receiving BTC is simple: share your address and watch for confirmations.
- Step 1: Open your wallet — Go to the “Receive” tab to view your address/QR.
- Step 2: Share your address — Copy or show the QR to the sender. Check for typos if you type it manually.
- Step 3: Track the transaction — Use your wallet or a block explorer to monitor confirmations.
Bitcoin Addresses: Key Points
- New address per payment: Many wallets rotate addresses for privacy; older ones still work.
- Keys 101: Your address comes from a public key; the private key must never be shared.
- QR codes help: Scan instead of typing to reduce mistakes.
Best Practices
- Double-check addresses: Verify the first and last 4–6 characters (or use address verification tools).
- Beware phishing: Only use trusted sources and official wallet apps.
- Mind the fee: Fee levels affect confirmation time—choose appropriately for your urgency.
- Use secure wallets: Prefer reputable wallets and enable 2FA on associated accounts where available.
Summary
With a reliable wallet, careful address handling, and sensible fee choices, sending and receiving BTC is straightforward and safe.
What's Next?
Up next: Bitcoin Transaction Fees—what determines them and how to optimize your costs.
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