Once you get the hang of things, sending crypto to friends and family, or for business can be pretty easy. But why send cryptocurrency when you can just send cash? The very first reason you’d want to use crypto instead of cash is because of its security. Leave alone the hacking and cybercrime details, as these are meager in this industry. Cryptocurrency transactions are far safer than conventional fiat currency transactions. Then there’s the speed of transaction. Since it is digital crypto is just like sending a WhatsApp message to your family or business associates. All that you need to start is a Bitcoin Cryptocurrency app that will enable you to make the transaction.
Sending Bitcoin to friends and family is equivalent to sending them cash, only that it is a digital mode of transaction. So, what are some of the ways that you can use to send this cryptocurrency to friends or business associates?
Using Gift Cards
There are tons of websites that sell cryptocurrency gift cards. And you can use this as an easy way to send crypto, especially to family. Just find one that you can trust and authenticate. And this is fairly easy when you’re basing on the reviews available online.
Once you prove that the site is legit, you can choose the amount that you want to gift to the end receiver, then pay for it. After you have completed making the payment, you will receive the gift card that is the equivalent of the amount you have released to the site. These sites operate just in the same manner that standard retailer gift cards work.
The recipient of the gift, who is your friend or family in this case, can thereafter visit the website to redeem the gift card. It is an easy way to move crypto faster.
Bitcoin Cryptocurrency App
A Bitcoin Cryptocurrency app is also another way that you can use to move crypto from your account to your family and business. Most of these apps are readily available online and can be an inexpensive and fast way to send Bitcoin.
Nonetheless, since you can find so many Bitcoin Cryptocurrency app resources online, it would really help to take some time and do your research right. Check on integral factors, such as the site’s security and the kind of fees that they charge. Ultimately, your final decision of which Bitcoin Cryptocurrency app to use should depend on the features of the app, and if they meet the standards you’re looking for.
Basically, a good Bitcoin Cryptocurrency app to use is one with affordable fees, for one. You don’t want to spend more than you can afford when sending Bitcoin. Secondly, it should have sufficient security. There are a lot of concerns about cybercrimes in the current digital age. And since cryptocurrencies are digital, they are a hot spot for criminal activity. But with the right Bitcoin Cryptocurrency app, you can be confident when sending your Bitcoin earnings. Other features can also be a bonus to consider if you’re spoilt for choice.
Using Crypto Exchanges
If you’re already a member of a cryptocurrency exchange, then it is much easier to send cryptocurrency to another person. You can transfer the Bitcoin cryptocurrency to the wallet of your choice. Then you can use the wallet to send to family and business associates.
Now that you have seen the main options that you can use to transfer Bitcoin cryptocurrency to friends, family, and business, here is important information that you should have in mind when making the transactions:
Can You Reverse a Bitcoin Transaction
The truth is that whether you’re using a Bitcoin Cryptocurrency app, exchange, or gift card, you CAN’T reverse the transaction. Once your transaction is confirmed, there’s no way back. The only option that you have on the table at all is to request the recipient to send back a portion or all of the Bitcoin cryptocurrency you sent.
This is why it is very important to take your time when making a Bitcoin transfer. Confirm every single detail. From the name and address of the recipient to the exact amount of Bitcoin Cryptocurrency that you would wish to send. There’s no room for mistakes. And this is perhaps why people dread sending Bitcoins to friends, family, and business associates.
A safety practice to use when sending Bitcoin is to only send the currency to people within your contact or address list. Avoid feeding in details directly when making the transactions. And the advantage of using a Bitcoin Cryptocurrency app is that you can save all your contact details for an easy time when sending Bitcoin. It reduces the chances of sending the funds to a wrong recipient.
So, that’s about it when sending Bitcoin to family and business associates. Just remember that the most convenient way that you can use is a Bitcoin Cryptocurrency app.