Cryptocurrency payments are a reality in numerous business industries, but most users still don’t know how to transfer cryptocurrency using safe methods. Whether when sending or receiving crypto, there are several aspects you need to consider to ensure your privacy.

From the wallet address to the transaction fees of your operation, we will explain every detail regarding it to ensure the best results when trying to send crypto.

Follow all the steps and tips carefully to ensure the best results when sending Bitcoin or any other crypto asset. Here are the most important details you should consider:

There are several advantages to sending or receiving Bitcoin instead of using traditional money for your transactions. One of them is safety. Most wallets feature numerous tools and tricks to ensure your safety and make all procedures safe. 

Moreover, it also helps with privacy, dismissing the need for third parties to authorize the transactions in most cases. There are also several ways to transfer coins directly to the intended recipient, whether through a QR code or manually typing their information.

Another reason for doing crypto payments instead of regular ones is to avoid any taxes and fees you’d have to pay with normal money. Bitcoin cash and other digital currencies also have fees, but they are incredibly lower when compared to traditional payment methods, like cash or credit cards.

Now it’s time to see how to send or receive Bitcoin or any other cryptocurrency using simple steps. Make sure to follow all of them carefully to ensure a safe operation for you and the other person doing the transaction.

Here are the main steps you need to perform:

Create Your Crypto Wallet

The first step in order to send or receive crypto is to create a wallet. Make sure to select an option that supports the currency you plan on sending or receiving.

For example, you can create a Bitcoin wallet if that’s what you want, but most wallets simultaneously support multiple currencies. Just make sure to check which ones are available before creating an account.

Once you do that, you’ll also have your public address, which can be used to receive coins from others. Make sure to store your private keys safely. They ensure you’re the only one with access to your wallet.

A private key being leaked can leave your Bitcoin address and wallet vulnerable to hackers and scammers trying to steal from you. Most wallets have numerous features to prevent this from happening, but you still need to be careful with whom you share your information.

Some great wallet alternatives are:

Metamask

Metamask is the world’s biggest wallet in terms of users. It has lots of safety features and supports numerous currencies from all over the world. Whether you want to send Bitcoin or any other currency, it surely has everything you need to easily perform any transaction.

Coinbase

Coinbase is a great alternative if you’re a beginner in the crypto world and are still learning how to use different tools, like wallets and marketplaces. It features a user-friendly interface that guides you through every step of the process. This way, you can easily learn how to do crypto by practicing it while being assisted.

TrustWallet

TrustWallet is the best option for users who want the safest wallet possible for storing their coins and performing transactions. It features numerous security protocols and procedures to ensure your data won’t be accessed by any third party or hackers trying to steal your information.

Even though it is destined for a more advanced audience, it can still be used by people of all levels of experience. It supports numerous currencies and protects them from any scams.

Select Which Crypto You Want to Transfer

As we mentioned before, the same wallet can support numerous coins, so selecting which one you want to use is important. You can use the Ethereum network and Bitcoin simultaneously, so it is important to specify which coins must be transferred.

The next screen will vary depending on your wallet: In some cases, the app will first ask which cryptocurrency you’ll use and then if you want to send or receive cryptocurrency. But in other cases, the sending and receiving screen comes first, and then you select the coin you want to use.

The two steps are just swapped, but both processes have the same result. You just need to tap send or tap receive according to your desire.

Get the Public Key of the Recipient or Share Yours

After selecting the option, you need to have the public key or send yours to whoever is sending you the coins. If you’re the sender of the coins, after you select “send,” the wallet will ask for the key of who will receive it. There are several ways to insert the public key.

The two most famous ones are scanning a QR code or typing an extensive code that works as an address for finding the destination. If you already have made a transaction to this wallet, it will probably be saved on your recent contacts. On the other hand, if it’s the first time, you’ll need to type the new address at least once for the wallet to save it for future use.

When sending someone your key or inserting someone’s, triple-checking is indispensable. Once the transaction is done, you can’t go back, and you’ll depend on the receiver’s goodwill to have your coins back.

Type the Amount

After selecting the receiver, type the amount you want to transfer to their account. Remember that Bitcoin and other cryptocurrencies might have extra values, like the miner fee, when doing transactions, so it is important to also consider this value when sending digital assets.

Most apps allow you to select the amount in both the traditional monetary value (dollar, euro, etc.) or in the value of the blockchain, like 1 BTC or 2,3 ETH, for example. Make sure to select the option that suits you best to ensure you exchange the correct value. If you select “receive,” the amount sent to you will be specified by whoever is transferring the funds, so at the end of the process, make sure they typed the right amount and confirm it.

Verify the Typed Information

After inserting the amount to be transferred, you’ll be ready to pay and finish the transaction. Still, before doing that, you must double or triple-check every piece of data inserted to ensure it is correct. As we mentioned before, crypto transactions are more private and secure, but this also means it is way more difficult to find the person you sent the money to if you type the wrong address.

Look at the address to which you’re transferring the funds and the amount being sent. This might sound obvious, but if not done, it can lead to numerous problems, and you might lose money.

If you’re the one receiving the amount, make sure to check the address sending it and the amount you’ll receive after fees and taxes. Some wallets have a pop-up notification on your home screen asking you to accept or decline the transaction, but others will automatically accept the value received.

Click Send

Once everything is reviewed and correct, the last step is simply to hit the “send” button and wait for the wallet app to process the request. The time to authenticate and for the person to receive the amount might vary depending on the wallet app you use and the blockchain where the exchanges are being processed.

Simple as that, you completed your crypto transaction. It is a very straightforward process, and if done correctly, it ensures your safety and privacy, being one of the best options for paying for services and products without exposing yourself or sharing sensitive information.

In order to send Bitcoin, you must have funds added to your wallet, and there are several ways you can do that. Among all the options, we highly recommend using a crypto voucher. It is the safest pick with numerous advantages to help you have the best crypto experience.

The crypto voucher works exactly like a Steam game key. When you purchase a voucher, you’ll receive a code that, once redeemed, automatically transfers the amount to the wallet you specified.

It is also a valuable option if you want to send crypto to someone without having a wallet. You can purchase the voucher and send them the code. It is an extremely versatile tool that can work as a gift, payment method, and many other things. 

But where to buy them? Don’t worry, we got you covered.

At RoyalCDKeys, we offer a variety of crypto vouchers from different price ranges, ensuring you find the perfect one for your budget. Moreover, since we offer a variety of products, your purchases won’t be highlighted as crypto. This way, you don’t have to worry about your bank not authorizing the purchase or having to pay extra fees.

We also accept numerous payment methods, so you can purchase Bitcoin using credit cards or any other method that best suits your needs. Crypto Vouchers also feature a no KYC policy, meaning every piece of data you have will stay private and far away from third parties.

To redeem your code is very simple. After purchasing your voucher, you just need to access cryptovoucher.io and visit the redeeming tab. Once you do that, the funds are automatically transferred to your specified wallet.

Sending and receiving crypto is becoming normal in many industries, so knowing how to do it quickly and safely is indispensable. Everything impacts the process, from your wallet to what type of public key you insert to send crypto.

Remember that numerous aspects of crypto differ from traditional transactions, so it is crucial to double-check everything to avoid problems. Most of the time, you won’t be able to track the transactions done unless you have the ID and a block explorer, so you can’t reverse the operation once it's done.

Now that you know everything you need, it is time to start sending and receiving crypto. Follow all the steps to ensure a smooth experience and avoid any kind of problem with your coins or wallet.