Sending cryptocurrency is the process of transferring digital assets from your wallet to another wallet address. It is one of the most fundamental actions in crypto — and also one where mistakes can result in permanent, irreversible loss of funds. Unlike bank transfers, crypto transactions cannot be reversed, recalled, or disputed once confirmed on the blockchain.
To send cryptocurrency: open your wallet; select the asset to send; click “Send”; paste the recipient’s address (never type manually — always copy/paste); enter the amount; select a transaction fee (higher fees = faster confirmation); review all details carefully; confirm. The transaction is broadcast to the network, where miners or validators confirm it within seconds to 60 minutes depending on the network and fee paid.
Critical rules to avoid losing funds: Always verify the full recipient address (check first and last 6 characters at minimum — clipboard malware can silently replace addresses); always send a small test amount first for large transfers; never send BTC to an ETH address or vice versa — different networks have incompatible address formats; always verify you are using the correct network (e.g. sending on BSC vs Ethereum mainnet).
Example: You want to send $500 of Bitcoin. You open your wallet, paste the recipient’s Bitcoin address, enter 0.00833 BTC (at $60,000/BTC), pay a $1 network fee, verify the address, and confirm. The transaction confirms on-chain within 10 minutes.
Learn more: Coinbase — How to Send Crypto
