Cryptocurrency Q&A
What happens when you send someone your Bitcoin?
What happens when you send someone your Bitcoin?
Martina
Wed Dec 18 2024
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6
answers
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I want to know what occurs after I transfer my Bitcoin to someone else. Will it affect my account? How does the transaction process work? Is it instant or does it take time?
6 answers
SakuraBlooming
Thu Dec 19 2024
Creating a Transaction involves initiating a process from your digital wallet when you decide to send bitcoin.
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CryptoLegend
Thu Dec 19 2024
Alongside the Bitcoin amount, a transaction fee is included. This fee is paid to the miners, who validate and add the transaction to the blockchain.
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isabella_oliver_musician
Thu Dec 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to users' needs. Among these, they provide spot trading, futures trading, and a secure wallet service. These services enable users to engage in seamless transactions and manage their digital assets effectively.
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EthereumEmpireGuard
Thu Dec 19 2024
The transaction details encompass various components, starting with the sender's address. This is represented by the sender's public key, ensuring the transaction can be traced back to the origin.
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Martina
Thu Dec 19 2024
The recipient's address is another crucial part of the transaction. This is also a public key, designated to receive the Bitcoin sent from the sender's wallet.
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