How to send and receive Bitcoin credit on Coinbase
Surely you already understand what Bitcoin is, it is a digital currency that has a super high price tag right now. There are also many websites that offer Bitcoin payment methods, but do you have a Bitcoin wallet?
With the Coinbase service you can easily create a Bitcoin wallet. The site not only offers Bitcoin wallets, but also Ethereum and other digital currencies. In addition, your wallet is protected by strict security and of course only you can control it.
At Coinbase, users can easily send or receive Bitcoin credit. It is like sending money through internet banking, where the process is instantaneous. And this article will tell you how to do it.
Send bitcoin credit
Sending a balance is easy, just fill out a small form and your Bitcoin balance will be sent to the destination address. The most important thing to note is of course the destination address and the nominal value to be sent. Here’s how:
Log into your Coinbase account.
Go to the bitcoin wallet.
Click button
Send.
In column recipient, enter the recipient’s Bitcoin address.
In column Be, enter the nominal Bitcoin balance to be sent.
Then the note column can remain empty. And then click on the button
Continue.
Usually a confirmation dialog appears when you want to send the credit. Please check first that the recipient’s address is correct before proceeding to send the credit.
Get Bitcoin Credit
Receiving the Bitcoin credit is not possible without a Bitcoin wallet address. So all you have to do is create the address so that other people can send it and you can receive it.
Just go to the Bitcoin Wallet section and then click the button Receive, then a dialog box will appear with your current Bitcoin wallet address. Please give the sender the address.
Fees for sending and receiving Bitcoin funds on Coinbase
Of course there are shipping costs, but receiving the balance is free. The shipping costs are immediately displayed in the dialog box when the delivery is confirmed. And more or less is approx $ 1 until $ 2.
In the meantime, shipping costs are free to other Coinbase users. Whether it’s Bitcoin, Litecoin, and others, you can send funds to other Coinbase users with no fees.
Also Read: How To Convert Monero To Bitcoin Quickly
How long does it take to send and receive balances?
It takes approximately 30 minutes to send or receive funds. This is because a transaction must receive at least 6 confirmations before it can be considered valid. It usually takes 30 minutes, but sometimes it can take up to 1 hour or more.
You can track transactions by pressing Options View trascation. There you can find out how many confirmations there are. And if there are more than 6 confirmations, that is a sign that Bitcoin has been successfully sent or received.
Hopefully useful and good luck
