How to transfer bitcoin from one wallet to another

How to transfer bitcoin from one wallet to another

How to start the transfer?

Here's a very quick step on how to transfer bitcoin from one wallet to another. The first step is to have a reliable Cryptocurrency wallet and log in. Then, depending on the wallet you are using, move to the Send and Receive screens with a distinct icon like Send/Receive. Choose the average of the cryptocurrency and whether you want it. Send the same coin type you have. So in this case, it must be Bitcoin to Bitcoin to enter the recipient's wallet and choose the exact amount you want to send, and make sure you have enough money to pay for the extra (Quick Tip: The transaction you inserted The higher the cost, the faster the arrival at the receiver!). Finally, click Send and verify the transaction to make sure all the information you entered is correct.

Sometimes, there are a number of factors that affect the trading period, resulting in much longer than expected. Understanding these factors will help us avoid future mistakes in future transfers, especially if you use Bitcoin frequently.

How to transfer bitcoin from one wallet to another

What will affect the trading hours of Bitcoin?

There are two main factors that affect trading time. The first factor is the huge burden of the Bitcoin network. The more transactions, the more transactions are required to process each transaction. Since a limited number of miners and a limited number of transactions may be processed at 1 MB, once the number of transactions becomes higher, it will start to take time.

The second factor is the transaction fee attached to the BTC transaction, which actually determines which transaction takes precedence over the other. Obviously, people with higher surcharges are preferred, and if your transaction costs are low, you may be selected. This factor is very important because the delay usually occurs for this reason, not for any other reason.

How to transfer bitcoin from one wallet to another

Think wisely, transfer small

A smart, modern person once said that he started to transfer new addresses, and a small number of transactions were divided into several transactions. This way, if there are any errors or spelling mistakes, you will not be as much as sending the full amount. Once you start to know the balance of transaction costs, give you a suitable trading time period, stick to it until it starts to change (starting to need more days), and therefore, slightly increase your transaction costs.

Article source: Thebitcoinnews

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

QKL123 market analysis | New days of global diagnosis? American Oolong! Data those things (0414)

Abstract: The market has rebounded, but there are certain differences, and the short-term uncertainty is large. Today...

Blockchain

Looking at the actual activity of Bitcoin from the on-chain data: it is inconsistent with analysts' predictions of the market below $ 8,000

At the beginning of February, the cryptocurrency market performed quite well. Many altcoins reversed the downtrend li...

Blockchain

Market Analysis: Bitcoin price rebounds or represents market recovery

The performance of the cryptocurrency market in 2019 was much better than in 2018. A year ago, bitcoin prices plummet...

Blockchain

Bitcoin sucked away by the "black hole", the actual total amount of BTC has been less than 21 million

Bitcoin's white paper has recently turned 11 and its content is very succinct, and the content of the paper on s...

Market

Ether’s Price Takes a Dive: Is Ethereum Losing its Spark?

Ethereum's future is looking uncertain based on various sources, posing potential challenges for its price.

Blockchain

Bitcoin returned to $10,000, and the Fed cut interest rates to help!

At 2 am Beijing time today, Federal Reserve Chairman Powell announced that the federal funds rate will be lowered by ...