HOW TO SEND AND RECEIVE BITCOIN/OTHER CRYPTOCURRENCIES
To receive bitcoin/any other cryptocurrency, simply go the “receive”/ “request” section of that particular cryptocurrency in the cryptocurrency wallet you are using, copy the wallet address and send to whoever is sending you that particular cryptocurrency (e.g. Bitcoin).
To send out bitcoin/any other cryptocurrency, click on “send” from your wallet, specify the amount, paste the receiver’s address in the appropriate box and proceed with your instant payment.
A bitcoin wallet address cannot be used to receive “ether” (Ethereum) and vice versa. However, an Ethereum wallet address can be used to receive other cryptocurrencies built on the Ethereum blockchain. Using a bitcoin address to receive any other cryptocurrency will lead to loss of funds.
Note: Your bitcoin wallet will generate a new address each time you want to receive funds; this is to prevent traceability of all transactions that go through your addresses. Notwithstanding, your previous bitcoin address can still be used to receive bitcoin as many times as you want, but this would mean that all transactions going into your wallet can be monitored using that particular wallet address.
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