Step-by-step guide to sending Bitcoin between wallets via the trading platform

Sending cryptocurrency from your account to another user’s address requires attention to detail and following a specific sequence of actions. Let’s review the complete process to help you safely transfer BTC.

Preparation and Login

Start by logging into your trading platform. Use your email and password to access your account. The system may require additional verification via two-factor authentication (2FA) — this provides extra protection for your account. Make sure you use a strong password and store recovery codes in a secure place.

Navigating to the Asset Management Section

After logging in, find the wallet management menu. On the mobile app, this is usually located in the bottom navigation; on the website, in the top menu. You will be given options between different account types: a spot account for current assets or a financial account for other purposes. Select the section where your Bitcoin is stored.

Initiating the Withdrawal Operation

Find and click the “Withdraw” or “Send” button. In the search window that appears, type “BTC” to select Bitcoin among other cryptocurrencies. Ensure you select Bitcoin specifically, not another token.

Entering the Recipient’s Address

This is a critical step. Obtain the recipient’s wallet address and carefully copy it. Paste the address into the appropriate field on the platform. Double-check the address multiple times — sending to the wrong address is irreversible, and funds will be lost permanently.

Choosing the Transfer Network

When sending Bitcoin, you need to select the transfer network:

Bitcoin network: This is the original Bitcoin (BTC) network. It offers maximum security, but transaction fees are higher, and transfer speed may be slower.

Alternative blockchain networks: Some platforms support transfers via BEP20 (Binance Smart Chain) or other networks. These options have lower fees and faster speeds, but the recipient must use a compatible wallet with that network.

It is critically important to ensure that the chosen network is supported by the recipient’s wallet. Incompatibility can lead to loss of funds.

Specifying the Transfer Amount

Enter the amount of Bitcoin you wish to send. The platform will automatically calculate and display the transaction fee, which will be deducted from your amount. Pay attention to this to avoid unexpected results.

Verifying Information Before Confirmation

Before final confirmation, carefully check:

• Recipient’s address (re-copy for double verification)
• Selected blockchain network
• Bitcoin amount to send
• Transaction fee

Any mistake at this stage can lead to irreversible consequences.

Finalizing and Confirming the Operation

Click the confirmation button. The platform will send verification codes to your email or Google Authenticator app. Enter the received codes to complete the process.

Waiting for Blockchain Confirmation

After your confirmation, the transaction enters the blockchain for processing. The Bitcoin network requires multiple confirmations before finalizing the operation. Depending on current network load, this can take from 10 to 30 minutes or longer. During periods of high activity, the waiting time can increase significantly.

Tracking Payment Status

Once completed, you can check the status of the operation in several ways:

1. In your platform’s transaction history
2. On the Bitcoin blockchain explorer: use the wallet address or the unique transaction ID (TXID)

Key Security Rules

Recipient address verification: Perform multiple checks of the address before sending. Typos can lead to permanent loss of funds, which cannot be recovered.

Network compatibility: Sending via an unsupported network means the recipient will not be able to access the funds. Confirm with the recipient which network their wallet supports.

Fee analysis: Review the fee size before confirming. During periods of high demand, blockchain fees increase.

Support in case of issues: If you encounter difficulties or the transaction is stuck, contact your trading platform’s support team. Staff will help troubleshoot the situation and find a solution.