How to send cryptocurrency to another user?

With account registration, preferred digital currency and account replenishment on the exchange are solved. Now it's time to pay for goods and services with transfers to other users. Let's take the cryptocurrency exchange Binance as the most popular and convenient place for exchange. On other exchanges, the requirements for transactions are either completely the same, or differ slightly from Binance. Therefore, consider the instructions as a universal guide.

How to send digital currency to another user?

The basic conditions for transfers within the system boil down to the presence of:

• The recipient's Binance account;
• The addressee's public key, where the sender will transfer bitcoins or other coins;
• Basic knowledge of blockchain differences in the case of USDT;
• The required amount of digital currency in the account.

Here's what the transfer algorithm looks like:

1. On the right side of the Binance page, go to "Wallet" and select "Fiat and Spot" there.

2. On the new tab, click "Withdraw".

3. Select the cryptocurrency you plan to send.

4. Enter the recipient's address or choose from the address book. This address is a combination of numbers and symbols.

5. Select a network. Be careful here - if you make a mistake, at best you will lose money on commission. In the worst case you will lose the whole amount without the possibility of refund because of the irreversibility of the digital money transfers.

6. Specify the transfer amount. You will immediately see the amount of commission. If the transfer takes place between users within the exchange, there are no commissions. The final amount that will come to the recipient will be displayed in the "Receive amount" field. An interesting point - you can specify where the amount of commission will be returned. It will be received either by the sender or the recipient.

7. Then you will be offered the options to transfer the cryptocurrency. Digital money can be transferred either by internal transfer or by blockchain. In the second case, you will have to pay a commission. To do without it, the recipient's wallet address must be linked to an account on Binance. When transferring some coins you need to specify MEMO. No money will be withdrawn without this requirement. Be careful.

8. Press "Withdraw" and "Submit". You will be asked to pass two-step verification for transaction completion. Before confirming the transfer check all the data carefully. Remind that you can't cancel the transfer of the cryptocurrency.

9. If all the data was entered correctly, the recipient will receive money instantly. All information about the transaction will be saved both for the sender and the recipient. You can study it by going to "Wallet" - "Fiat and Spot" - "Transaction History".

How to send cryptocurrency to a user who is not registered on Binance?

It is also possible to send digital currency through Binance to users without an account on the exchange. This option exists thanks to the Binance Pay tool. The recipient's email or phone number will be required for the transfer. They will send him instructions on how to receive the cryptocurrency and he can create an account. If the recipient does not open an account within three days, the money will be returned to the sender. To receive the transfer, you need:

1. Register on Binance exchange. The important condition to create an account is to specify the same phone number or email address as the sender of the transfer.

2. Pass the verification of documents.

3. Binance Pay must be activated within the same three days, otherwise the money will be returned to the sender.

Why are cryptocurrencies beneficial to PokerEnergy customers?

Cryptocurrencies have a large number of perks. But not all of them are tangible and understandable to those who are new to the world of digital coins. But a 5% discount on any product from the catalog of PokerEnergy is understandable to everyone. We give it when paying for goods with cryptocurrencies. Quite a real incentive to join new technologies.

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