Bitcoin 101: Sending/Receiving Bitcoin
Posted on March 30 2015
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.
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.