- Step #1 Choose a Bitcoin Wallet
In order to be able to send bitcoins, you need a bitcoin wallet. A wallet is a digital management system for your bitcoins.
Just find out more about different Bitcoin wallets or even download some wallets to try them. A bitcoin wallet is a very first tool for sending and receiving bitcoins. You must be familiar with them.
Online wallets also have a number of advantages. In this case, users can create an online wallet and then send and receive cryptocurrencies. Most online wallets also allow you to convert crypto-to-crypto, e.g. Bitcoin to Ethereum.
- Step #2 You Need a Bitcoin Receiving Address
So that you can now send bitcoins, you need a bitcoin receiving address. If you’re about to send bitcoins to your own wallet, you have to copy out the receiving address. If you want to send BTCs to a third person, they must give you their receiving address.
A receiving address for Bitcoin starts with a 1, 3, or bc1q and can look like this, for example, 1MSjT
Under the menu item ‘Send’ you now have to enter a receiving address, as well as the amount of BTC. You can optionally a description as well.
- Step #3 Track Your Payment
After you’ve sent bitcoins, you can track them thanks to the blockchain. To do this, just copy the receiving address and paste it into a block explorer. Your transaction is now either ‘received’ (confirmed) or not yet ‘received’ (unconfirmed) by a recipient.