What is the process of sending Bitcoin to someone using Coinbase?
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Can you explain the step-by-step process of sending Bitcoin to someone using Coinbase? I want to make sure I understand the process correctly before I proceed.
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1 answers
- Sending Bitcoin to someone using Coinbase is a breeze! Just follow these steps: 1. Log in to your Coinbase account. 2. Click on the 'Send/Receive' button. 3. Enter the recipient's Bitcoin address or scan their QR code. 4. Make sure the address is correct. 5. Enter the amount of Bitcoin you want to send. 6. Review the transaction details and fees. 7. Click on 'Send' to initiate the transaction. 8. Confirm the transaction with your Coinbase account password or two-factor authentication if enabled. 9. Wait for the transaction to be confirmed on the blockchain. That's it! The recipient will receive the Bitcoin once the transaction is confirmed. Just be aware that transaction fees may apply and the confirmation time can vary depending on network congestion. If you have any issues, you can always reach out to Coinbase support for assistance.
Mar 01, 2022 · 3 years ago
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