Questions tagged [recipient]

EchoChaser Thu Dec 26 2024 | 6 answers 1323

I'm trying to figure out who bears the cost in a transaction. Is it the person sending the payment or the one receiving it?

Leonardo Mon Sep 09 2024 | 7 answers 2058

Could you please elaborate on the recipient of the inaugural Bitcoin transaction? Who was the fortunate individual or entity that received the very first transfer of this revolutionary digital currency? It's fascinating to think about the historical significance of this moment, and I'm curious to learn more about the person or organization that holds this unique distinction in the annals of cryptocurrency.

Valentina Thu Sep 05 2024 | 6 answers 1254

Could you please clarify who exactly is responsible for paying the 12b-1 fees in the context of mutual fund investments? Are these fees deducted from the investor's principal or do they come from some other source? Additionally, what specific services or benefits do these fees cover, and are there any potential conflicts of interest that investors should be aware of when it comes to the distribution of these fees?

Tommaso Fri Jul 12 2024 | 7 answers 1629

Could you please elaborate on the steps involved in sending bitcoin to a recipient? As a novice in the cryptocurrency space, I'm seeking clarity on the process. I understand that I need a wallet to store my bitcoins, but how do I ensure that the transaction is secure and reaches the intended recipient? Are there any specific details I need to provide, such as a wallet address or transaction ID? Additionally, are there any fees associated with sending bitcoin, and if so, how are they calculated? Thank you for your assistance in clarifying this process.

Alessandro Fri Jul 12 2024 | 5 answers 1167

As a cryptocurrency and finance practitioner, I often encounter individuals who are new to the world of digital currencies and have questions about the intricacies of transactions. One common concern I hear is, 'What if I don't know who I send bitcoin to?' This is a valid question, as bitcoin transactions are irreversible and anonymous in nature. It's crucial to always ensure you're sending funds to the correct address. Here's what you should do: First, double-check the recipient's bitcoin address. Use tools like QR code scanners or manually copy-paste the address to reduce errors. Secondly, consider using a trusted escrow service or platform that verifies transactions, offering a layer of protection. Finally, only send funds to addresses you trust or have been provided by a reputable source. Remember, bitcoin transactions are final, so it's essential to be cautious and diligent when making any transfers.