Bitcoin 101: Sending/Receiving Bitcoin

Posted on March 30 2015

Sending bitcoins

Sending bitcoins could not be simpler. All you need to do is copy and paste the recipients email from your Coinbase wallet. It's much the same as sending money from your bank account to another bank account. 

It might take a few minutes to confirm, so don't worry if it doesn't happen immediately. The speed depends entirely on how many users are on the network at the time. Sometimes it may take 10 seconds for a transactions, other time it might take up to 10 minutes. 

Receiving bitcoins

To receive bitcoins, choose a receiving address from your wallet, provide it to the other party and wait for them to send payment. As mentioned above, it can take around ten minutes for the transaction to be confirmed by the Bitcoin network, and it is standard to consider transactions that have been confirmed six times to be fully confirmed.



  • October 21, 2015

    The ideas you posed in you article are first rate, fresh and revealing. You must continue to produce these kinds of articles in order to enlighten the masses. Thank you.

  • Owiredu: October 20, 2015

    HI Katina what a dreadful shock that must have been for you! Sending hugs for you and hope eeihytrvng is sorted out soon to put your mind at rest.YOur card is beautiful, the colours are stunning and your little butterfly is perfect!Hugs Laurie xx

  • Tawnya Derenzo : August 03, 2015

    A round of applause for your article. Will read on…

  • wayne matheus: March 30, 2015

    what I’m interested in is an order I paid 70$U.S. about 5 months ago, order #334192 that I still haven’t seen this order filled

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