Post
Topic
Board Bitcoin Discussion
Topic OP
[Blockchain Classroom] Lesson 15:How to transfer Bitcoin?
by
BitRabbit_Official
on 03/01/2020, 04:00:36 UTC
We all have our own bank accounts in life, and transfers are made between bank accounts. Similarly, Bitcoin transfer is the process of transferring Bitcoin from one Bitcoin address to another.

If you want to transfer bitcoins to others, you need to enter your bitcoin address, recipient address, transfer amount, and commission amount in the bitcoin trading platform, bitcoin wallet, or bitcoin client.

After the payment is confirmed, the transaction information will be broadcasted on the entire Bitcoin network after payment. Miners will pack unaccounted transactions in the Bitcoin network into a block every 10 minutes, which completes a confirmation, Bitcoin has been transferred to the other party's account at the time.

It usually takes 6 confirmations to ensure that the transaction records cannot be tampered with by anyone before the transfer is truly completed.