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Sending cryptocurrencies
Sending cryptocurrencies

Learn how to send cryptocurrencies easily and securely using the Wallet app

Graham avatar
Written by Graham
Updated over a week ago

Table of contents

How to send cryptocurrencies

Sending cryptocurrency is a simple matter of entering the address you want to send to and the amount to send. Quite often the recipient address and the amount to send are embedded in a QR code, so you can just scan the code with your camera and confirm the transaction.

Here’s an example of what it’s like to send Bitcoin using the Wallet app:

Step-by-step instructions for sending cryptocurrency

  1. From the app's home screen, tap the "Send" button in the toolbar at the top.

  2. Select the asset to send. Eg. Bitcoin (BTC). If the asset you are sending lives on more than one blockchain network, select the network you want to use.

  3. Select the address to send to. You can paste the address into the field at the top, scan a QR code, or select from one of your own wallets.

  4. On the next screen, under "Send from," you can select the wallet you want to send from (if you have more than one wallet for the cryptocurrency you are sending). For example, you may want to send from your "My BTC savings" wallet.

  5. Enter the amount you want to send and tap "CONTINUE". You can enter the amount in either cryptocurrency or in local currency. Tap the up/down arrows next to the amount to toggle between modes.

  6. Confirm the details and slide the arrow to complete your send. If you wish to add a note to the transaction to help you remember what it was for, you can do so on this page by tapping on "Add Note."

Adjusting fees when sending cryptocurrency

When you send cryptocurrency using the Wallet app, you have the option to adjust the fees you pay to the public blockchain network of the cryptocurrency you’re sending. In general, if you choose to pay a higher fee your transaction will confirm faster.

  1. On the "Enter send amount" screen, tap on the "Network fee" icon at the bottom-left. This will open up the network fee settings menu.

  2. Choose from one of the three following options:

  • 'Eco' means you'll pay a lower fee, but your transaction will take longer*

  • 'Fast' strikes the optimal balance between cost and speed

  • 'Fastest' optimizes for speed over cost

Read more about fees for sending cryptocurrencies here.

Monitoring your cryptocurrency transaction

After you’ve initiated the send, you can monitor its status to determine if/when the transaction has been completed. Here’s how:

  1. From the home screen, tap on the wallet you sent from. For example “My BTC Wallet.” This will display the transaction history for that wallet.

  2. Tap on the transaction you want to monitor. This will show you the status of the transaction. In the below example, the transaction status is confirmed, meaning the BTC has been sent successfully.

Sending by shareable link

This is a feature that allows you to send Bitcoin Cash in the form of a link. The recipient simply clicks on the link to claim the Bitcoin Cash you sent!

You can provide the link to the recipient in any way you like. For example, you can send it via messaging app (Whatsapp, Line, Telegram, etc.), email, or SMS, and even by text. This is why it’s called a shareable link.

Here’s how it works:

Read more about shareable links here.

Sending crypto to a human-readable domain

If the person you're sending cryptocurrency to has already set up their human-readable domain to receive the cryptocurrency you're sending, you can enter their domain name in the send field rather than entering a cryptocurrency address.

Here’s how it works:

Read more about human-readable domains here.

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