How to send and receive Bitcoin - Bitcoin 101

To send and receive Bitcoin or Bitcoin cash, you're, going to need a wallet. There are many different types of wallets, but the most popular ones run on smartphones to get started. You can download the Bitcoin calm wallet for free from wallet, Bitcoin calm.

The Bitcoin calm wallet supports two different versions of Bitcoin alongside other digital assets, though there are differences in transaction fees and reliability. The basic process of sending and receiving each version of Bitcoin is about the same when sending BTC or BCH you'll, be provided with an address in one of two forms: either a string of letters and numbers which can be copied and pasted into Your wallet or a QR code, which you can scan using your device's camera once you've entered or scanned an address in your wallet.

You'll enter the amount to send and then confirm it's that easy. Similarly, when receiving your wallet, we'll, provide you with the text address or a QR code to share with the person who's, going to be sending you bitcoin.

When the payment is received, you'll, get a notification and will see your balance increase if you are storing more Bitcoin in your wallet than you can afford to lose. It's, important to write down your wallets recovery phrase.

That way, you can get your money back, even if you lose your wallet once your recovery phrase is written down, it's, also important to keep it somewhere, safe and private. Since anyone else that has access to that list of words can spend your money without your permission, to get your hands on Bitcoin or Bitcoin cash, you can buy directly from inside the Bitcoin comm wallet.

If you want to learn more about buying and selling options, be sure to watch our video about how to buy and sell Bitcoin and Bitcoin cash to learn more subscribe to our youtube channel or visit us at bitcoin.