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How to Send and Receive Bitcoin and Cryptocurrencies

Send and receive BTC

  1. How To Send A Cryptocurrency

  • To get started, Login to LUNO and click on ‘wallet’ on the left Navigation Menu.
  • You’ll see your Bitcoin and Ethereum Wallet.
  • Now click on the digital currency wallet that you’d like to send(in this case Bitcoin).

  • Now click on send Bitcoin.
  • In the ‘Bitcoin address’ box, paste your personal wallet address (another exchange, hardware wallet, mobile/desktop wallet) or someone else’s public wallet address that will be provided to you if you are paying for goods/services.
  • In the “Amount” you can enter the amount of Bitcoin you want to send or send your entire bakance.
  • Click “Next”
  • LUNO will then ask for you to confirm the transaction and provide your password or 2fa code.
  • You may want to send a small amount first to make sure everything goes smoothly until you get comfortable with the process.

  • You have just completed your first Cryptocurrency transaction! It is just as easy as using GTBank Mobile App once you do it a few times.
  • Now you just wait for the Bitcoin or Crypto to travel across the blockchain to your wallet!
  • For Bitcoin this will usually take 5 – 30 minutes depending on how many confirmations the wallet you are sending to requires.

2. How To Receive A Cryptocurrency

  • To get started, Login to LUNO and click on ‘wallet’ on the left Navigation Menu.
  • You’ll see your Bitcoin and Ethereum Wallet.
  • Now click on the digital currency wallet that you’d like to receive(in this case Bitcoin).

  • Now select the Receive Button for the digital currency wallet that you’d like to Recieve.

  • Make sure the Crypto you are trying to send to yourself or receive from someone else is the same Crypto that you Hit “Receive” on!
  • Now copy old Bitcoin adress or create a new bitcoin address.
  • This is your public Address. This is what should be copied and pasted to receive Bitcoin or choosen Crypto. This is the “public key” or “public wallet address” we discussed earlier that is meant to be shared.
  • If you’re doing a face-to-face transaction, simply have the sender scan the QR code and that will auto input your address into their phone.
  • If the sender is farther away, tap on “Copy Address” to share your address with the sender by email or text message.

  • Once the sender sends cryptocurrency to your wallet address, the pending transaction will be logged into the coin’s wallet transaction history tab. When the transaction finally clears, the amount received will be added onto your wallet’s balance.

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