Table of Contents
How to Send Bitcoin

How to Send Bitcoin

Sending Bitcoin (BTC) is easy and takes only a couple of minutes. Learn how to send Bitcoin (BTC) on and start using it to do more.

Buy BTC in App
How To Send Btc

Key Takeaways

  • A Bitcoin address serves as a digital identifier for sending BTC.
  • Users can send Bitcoin by copying the recipient’s address or scanning a QR code, following a straightforward process in the App or DeFi Wallet.
  • Users on can buy Bitcoin and easily transfer to friends and family with minimal fees through the App, particularly when both parties use the platform.
  • Transaction fees for sending Bitcoin vary based on network condition and transfer speed preferences.


When someone goes to the grocery store for a gallon of milk, they can use cash, a credit or debit card, or a mobile app at checkout. Similarly, they can send Bitcoin by typing the recipient’s address into their wallet or scanning a QR code on a mobile app. 

In this article, we explore several methods for sending Bitcoin to others using products as examples. products are designed with ease of use in mind, but the same procedures generally hold for other similar products.

Check out’s new Bitcoin Halving Countdown.

What Is a Bitcoin Address?

The first step for sending Bitcoin is creating a Bitcoin wallet, which contains a public key and private key. The public key is used to generate a Bitcoin address, which is a digital identifier serving as a location where BTC can be sent. Think of it like a bank account on the Bitcoin network. 

Addresses are created using specialised Bitcoin wallet software and typically look something like this:


A Bitcoin address can be copied electronically whenever a user wants to send Bitcoin.

At, we offer two different types of Bitcoin wallets. The App is a custodial wallet designed for novices in the cryptocurrency space, helping them manage their Bitcoin and allowing certain transactions to take place ‘off-chain’, dramatically reducing the fees they pay. 

Alternatively, users can choose the DeFi Wallet, which is a non-custodial wallet, meaning they are the only one responsible for their funds. With non-custodial wallets, all of a user’s transactions are added to the Bitcoin blockchain, so their transaction fees are higher. However, users get additional privacy and enjoy full control over their account.

How to Send Crypto From the App to an External Wallet

First, select Crypto Wallet in the side bar.

Img 8012
  • Select ‘Withdraw’ and ‘External Wallet’. 
Img 8014
  • You will now need to whitelist the address — this is a security measure to ensure that crypto from your wallet only gets sent to accounts that you approved.
  • On the ‘Add to Whitelist’ screen, select ‘Wallet Address’ to whitelist the address for both this and future uses. Next, select the cryptocurrency you want to send from the list.
Img 8015
  • You can only send crypto that you hold (e.g., if you want to send your friend BTC but currently only hold ETH in your wallet, you’ll need to convert some of your ETH to BTC first before you can initiate the transfer).
  • If you are sending BTC, you need to send it to another BTC-compatible wallet address. If you have never done this before, the App will also generate your BTC wallet address for you. You’ll receive an email to confirm your BTC wallet address.

Now, with everything entered — the crypto you want to send, the amount, the whitelisted recipient address, and your wallet address — you’ll see a confirmation screen to approve the transaction. On this screen, you’ll also see the fee. Note that fees change depending on network congestion. It is free to send from one wallet address to another. Once you are happy with everything, click confirm, and your crypto will be sent.

Here’s a video walk-through:

How to Send Bitcoin From the DeFi Wallet to an External Wallet

The basic way for a user to send BTC is to copy the recipient’s address and then paste it into their wallet’s ‘send’ field. Or, they can scan the recipient’s QR code and automatically fill it in. 

When using the DeFi Wallet, these are the steps:

  1. Open the App.
  2. Click on ‘Send Payment’ from the home screen.
  3. Choose which cryptocurrency to send and confirm the amount.
  4. Enter the recipient’s wallet address or scan their QR code.
  5. Select one of three default transaction speeds or enter a custom one.
  6. Click ‘Send’ to confirm the transaction.

The recipient will not receive the amount selected; instead, they will receive the amount minus transaction fees. The Bitcoin network requires transaction fees as an incentive for miners to include transactions in blocks, thereby processing them. Some wallets may charge more than the Bitcoin network requires so they can profit from every transaction, but the DeFi Wallet only charges the minimum required by the network. Users see what they’ll pay in fees when they confirm their transaction speed.’s DeFi Wallet software also calculates exchange rates. For example, if someone is buying a piece of furniture from a friend at a price of US$200, but wants to pay in Bitcoin, they simply toggle to USD when selecting an amount and input 200. The wallet instantly displays how much Bitcoin that it converts to based on its exchange rate, streamlining the transaction without requiring the user to do any math. 

How to Send Bitcoin to Friends 

If both a user and friend use as their cryptocurrency platform, they can use the App to transfer Bitcoin with minimal fees.

Img 8018 1

Here is how:

  1. Access the account.
  2. Select the ‘Send’ option under ‘withdraw’ in the side menu.
  3. Select ‘Friends & Family’.
  4. Import contacts (first time only).
  5. Select a recipient (must be in a participating country).
  6. Choose Bitcoin when asked which cryptocurrency to send.
  7. Review the transaction and click ‘Confirm’ to complete. App users won’t pay fees if the intended recipient of the transfer also uses the App to receive cryptocurrencies, and the fees are minimal when sending digital cash to an external address.

Pending Transactions

Pending transactions are displayed on the home screen for users’ convenience. Tap on ‘View Status’ in Explorer to view them, as well. Note that, with other wallets, some of the tabs and buttons may have different names, but the overall steps should be similar. However, it may not be as easy to view pending transactions or convert fiat prices to cryptocurrency. 

For those wanting to send an altcoin instead of Bitcoin, there may be a couple of extra steps required. For example, users need to add a destination tag/memo with the recipient’s wallet address to transfer Ripple (XRP). For the most part, though, sending cryptocurrency follows the procedure above, no matter which coin or token is transferred.

How to Send Crypto to Someone Who Doesn’t Have a Crypto Wallet

Things get trickier if you want to send crypto to someone who doesn’t have a wallet. It’s a bit like trying to send someone a bank transfer who doesn’t have a bank account. Here’s what you can do:

  • Suggest they download the App to receive crypto from you. Downloading the App and opening an account with is free. They simply need to clear KYC. Once they receive the crypto you sent them, they can hold it in the App (which doubles as a hot wallet), stake it, or withdraw it to their bank account in over 20 different fiat currencies.
  • Send them a crypto gift card. There are crypto gift card services that allow you to gift crypto to individuals who don’t have a crypto wallet. However, they will still need to get a wallet eventually to download the gift card content into their wallet. Check out Gift Cards for more information.
  • Set up a wallet for them. Finally, you can set up a hardware wallet for them and gift it to them with the crypto. For security reasons, they should change the seed phrase after receiving it from you. Make sure they fully understand the reset process before attempting to do so, so that they don’t accidentally lose access to their new crypto holdings in the process.

How Much Does It Cost to Send BTC?

As noted above, users are charged a transaction fee whenever they send Bitcoin. A Bitcoin transaction fee refers to the amount that a user pays to miners in order to have their transaction included in the blockchain. The higher the fee paid by the user, the greater the likelihood that their transaction will be promptly selected, as each block has limited space available.

Generally, transaction fees on Bitcoin are determined by two factors:

  • The ‘size’, or data volume, of the transaction.
  • Users’ demand for block space. (Generally, the faster a user wants their transaction confirmed, the higher fees they will be willing to pay.)

In other words, as a rule of thumb, users generally pay more for larger data sizes and faster transactions. Note that certain cryptocurrency exchanges charge higher fees than others, and be aware of withdrawal limits.

Learn more about how to use Bitcoin.

Transaction Fees Are Calculated in Satoshis

Bitcoin fees are generally measured in Satoshis per virtual byte after the Segregated Witness (SegWit) upgrade. Named after Satoshi Nakamoto, the pseudonym used by Bitcoin’s creator (or creators), a Satoshi is the smallest divisible unit of Bitcoin, equivalent to a hundred millionth of one BTC (0.00000001 bitcoin). 

The total fee paid by a user’s transaction is this rate multiplied by the size of their transaction.

Learn more about why Bitcoin was created.


To send bitcoins with confidence, first obtain a Bitcoin wallet. Next, acquire the recipient’s public address and choose an amount to send. Look over the transaction details, then hit ‘Send’.

Users generally pay a transaction fee, which serves a dual purpose as an anti-spam mechanism and financial incentive for miners to process transfers. It is important to always get a snapshot of charges before sending anything in order to avoid surprises. offers additional resources to expand users’ knowledge on everything Bitcoin at University. Or visit the main Bitcoin Hub to take a deeper dive into BTC.

Due Diligence and Do Your Own Research

All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.

In addition, the Exchange and the products described herein are distinct from the Main App, and the availability of products and services on the Exchange is subject to jurisdictional limits. Before accessing the Exchange, please refer to the following link and ensure that you are not in any geo-restricted jurisdictions.

Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.

Table of Contents
Buy Bitcoin Now
Scan the QR code, download the App.
QR Code
More on Bitcoin

What Is Bitcoin Halving?

Bitcoin halving process with light slashing token with BTC image

What Is Bitcoin Halving?


What Is Bitcoin Worth?

Hand holding two gold blocks representing Bitcoin's value

What Is Bitcoin Worth?


What Is Bitcoin Trading?

Trading Bitcoin with two hands exchanging token with BTC icon

What Is Bitcoin Trading?

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with
By clicking the Get Started button you acknowledge having read the Privacy Notice of where we explain how we use and protect your personal data.
Phone screen with QR code to download app
Phone screen to download app

Frequently Asked Questions

Sending Bitcoin takes time because of how the network verifies and validates transactions. Transaction times vary due to demand, but most finish within an hour, and some services may confirm a transaction early to reduce the detectable time to about ten minutes. Still, the transaction won’t be fully complete until all validation is finished. But there are ways to reach near-instant transactions.

Off-chain transactions offer much faster processing times. Bitcoin’s Lightning Network manages transactions in its own layer as well, only interacting with the main Bitcoin blockchain when opened and closed. The result is faster payment processing and lower transaction fees.

The App supports off-chain transactions to its customers, which means no fees and instant transfers to others using the platform.
Yes, in certain circumstances. For example, App users can send Bitcoin to other users without fees. If sending to a non-customer, The App offers some of the lowest brokerage fees in the industry.

Transactions on the Bitcoin blockchain require network fees, and most off-chain transactions also incur them, but traders can reduce the fees they pay by choosing a great platform. To get even better rates than the App, traders can opt for the DeFi Wallet. This non-custodial wallet charges the bare minimum fees required by the Bitcoin network.

Other tokens people are watching

Assets with the biggest change in unique page views on over the past 24 hours.
CDC logo
Get started with crypto
Scan to Download
Get started with crypto
Scan to Download
Get started with crypto
Scan to Download

The purpose of this website is solely to display information regarding the products and services available on the App. It is not intended to offer access to any of such products and services. You may obtain access to such products and services on the App.

Please note that the availability of the products and services on the App is subject to jurisdictional limitations. may not offer certain products, features and/or services on the App in certain jurisdictions due to potential or actual regulatory restrictions.

AICPA SOC security logo
SGS ISO 27701 security logo
SGS ISO 27001 security logo
PCi DSS certified logo

Copyright © 2018 - 2024 All rights reserved.