How to easily send crypto to another person - Kalkine Media

November 22, 2022 08:31 PM AEDT | By Patricia (Guest)
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Crypto has come a long way since Bitcoin’s launch in 2009. There are over 21,000 cryptocurrencies as of at the end of September 2022, and more coins and tokens are being added to the list each day. Also, with every passing year, more people and businesses are using crypto as a payment method for day-to-day transactions, be it for splitting bills, remittances or shopping.

In fact, if you’re searching for an easy way to send crypto assets to another user, we’ve got helpful information for you.

Which platform can I use to send crypto?

There’s a wide range of platforms that allow you to send crypto. These include crypto exchanges, crypto wallets, crypto payment apps, and peer-to-peer (P2P) marketplaces. You may also send crypto using a gift card or a crypto ATM (if they accept the coin or token you want to send).

How to send crypto easily to another person?

The process of sending crypto usually varies depending on the type of platform you’ll use. But if you’re keen on the easy way (if not the easiest of all), use a crypto payment app as they’re generally made to make sending and receiving crypto easy for users. Most of them take just a few steps and a few seconds to complete a transaction.

That said, let’s say you owe a friend AU$100 because he paid for your dinner in a nice restaurant. Both of you hold Ethereum and he prefers to receive the payment in Ethereum as well. He told you to send it through Kasta, a crypto payment app that enables sending, receiving, depositing, withdrawing, swapping, and staking tokens, so you can send Ethereum to him for free. Here’s how you can do it:

  1. Sign up on the app.
  2. Log in.
  3. Deposit Ethereum to the app.
  4. Tap the “Add Funds” button on the home screen.
  5. Tap “Deposit from a wallet.”
  6. Choose Ethereum and tap “Copy.”
  7. Go to the exchange you’re using or the external wallet you use to store your assets.
  8. Withdraw Ethereum from the exchange or wallet and paste your Kasta wallet address as the destination of assets.
  9. Go to the Kasta home screen and tap the “Send” icon.
  10. Scan the QR code or enter the phone number of your friend.
  11. Select “Ethereum” from the currency list.
  12. Enter $100
  13. Proceed with your pin code to complete the transaction.

How much does it cost to send crypto?

It depends on which platform you’ll use. With Kasta, you can send crypto for free if the other Kasta user receives the payment in the same cryptocurrency. However, if they use the feature that allows them to use a different crypto, exchange fees will apply.

Final thoughts

With the advancement of technology and all the options available, sending crypto to another user is easier now than ever. You just have to choose a platform that’s secure, easy to use, and would enable you to complete transactions as quickly as possible.

 

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.