When you own digital assets it’s important to know how to send your crypto, whether it’s to a person, to one of your other wallets, or to a crypto platform or exchange. The sending process can vary depending on the type of coin, the platform, and the type of wallet. Let’s learn all the basics for sending cryptocurrency.
You are likely very adept at using direct transfers and ACH transactions through your bank. The difference with crypto transactions is that you can send hundreds of different crypto coins to someone without a 3rd party in between (i.e. your bank or Visa).
Crypto transactions can go from seconds to minutes or longer, depending on the transfer method you choose:
The type of wallet you are sending from will determine how the transaction will go, so let’s take a look at how to send crypto from Hard Wallets, Hot Wallets, and Custodial platforms.
View all your wallets and exchange accounts in one convenient trading terminal at Quadency.
When using a hard wallet like Ledger or Trezor, you’ll need to plug in the hardware device so it is online and the assets are available to transfer. Once you’re done, make sure you have the correct app installed in your hard wallet for the cryptocurrency you are sending. Then simply follow the “ Send” instructions:
Desktop or mobile software wallets (aka “hot wallets”) like MetaMask and Exodus make it very easy to send crypto to other wallets:
To send from your exchange to an external wallet, you’ll first need to find out if your exchange allows external transfers.
If you are transferring to an external wallet from an exchange, navigate to the “Withdrawal” menu and choose the asset, amount, and recipient wallet address. Check your details, and hit “send”.
Adopt a security-first mindset: Read Quadency’s Guide to Storing Crypto Safely
Practice these leading safety tips as part of your crypto risk management:
When you send crypto to another wallet, whether it belongs to you, to a friend, or to a platform or exchange, treat the transaction with a risk management mindset. Follow the guidelines in this article to make sure your Bitcoin or other altcoins make it safely to their destination.
You are likely very adept at using direct transfers and ACH transactions through your bank. The difference with crypto transactions is that you can send hundreds of different crypto coins to someone without a 3rd party in between (i.e. your bank or Visa).
Crypto transactions can go from seconds to minutes or longer, depending on the transfer method you choose:
The type of wallet you are sending from will determine how the transaction will go, so let’s take a look at how to send crypto from Hard Wallets, Hot Wallets, and Custodial platforms.
View all your wallets and exchange accounts in one convenient trading terminal at Quadency.
When using a hard wallet like Ledger or Trezor, you’ll need to plug in the hardware device so it is online and the assets are available to transfer. Once you’re done, make sure you have the correct app installed in your hard wallet for the cryptocurrency you are sending. Then simply follow the “ Send” instructions:
Desktop or mobile software wallets (aka “hot wallets”) like MetaMask and Exodus make it very easy to send crypto to other wallets:
To send from your exchange to an external wallet, you’ll first need to find out if your exchange allows external transfers.
If you are transferring to an external wallet from an exchange, navigate to the “Withdrawal” menu and choose the asset, amount, and recipient wallet address. Check your details, and hit “send”.
Adopt a security-first mindset: Read Quadency’s Guide to Storing Crypto Safely
Practice these leading safety tips as part of your crypto risk management:
When you send crypto to another wallet, whether it belongs to you, to a friend, or to a platform or exchange, treat the transaction with a risk management mindset. Follow the guidelines in this article to make sure your Bitcoin or other altcoins make it safely to their destination.
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Quadency is a cryptocurrency portfolio management platform that aggregates digital asset exchanges into one easy-to-use interface for traders and investors of all skill levels. Users access simplified automated bot strategies and a 360 portfolio view with a free account.
Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.
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