How to Transfer Your Bitcoin to other Bitcoin Wallet

Transferring Bitcoins is almost exactly like spending Bitcoins.

When transferring Bitcoins, we normally do not have a time limit such as in the chocolate purchase example. Also, there is usually no limit to the amount in Bitcoins we can transfer. Different wallets and exchanges have limits on who and how much can be transferred. Some wallets require proof of age for transfers and accounts. Coinbase requires users to be 18 or older.

Bitcoin wallets stored locally will be free of such limits. In-exchanges, where we fund our Bitcoin purchases, often limit the amount of national currency we can convert into Bitcoins. Some limits apply based on the laws followed by particular exchanges. Mtgox.com limits transactions to roughly $1000 per 24 hours. Other exchanges, such as Bitcoin-24, have no limits on transactions or withdrawals.

There is no limit on how many Bitcoins we can send from our Bitcoin wallet to any other Bitcoin wallet. That is a direct transfer. However, if we choose to go through an exchange, limits may apply.

Sending a transfer looks exactly like the Send process shown earlier. We simply ask the receiving party for their Bitcoin address or Bitcoin wallet and put that piece of code in the Send space as shown below.

Note that we can also use an email address. The person receiving this Bitcoin Send will get an email from Coinbase explaining they have Bitcoins waiting for them. They can either provide Coinbase a Bitcoin wallet for receiving the payment, or set-up an account with Coinbase for receiving the payment.

There are many other ways of sending Bitcoins directly to debit cards with OkPay.com, or to other online payment services with Dwolla.com, MyBitcoin.com, and others. Same basic steps apply.

1. Get the receivers Bitcoin wallet address.
2. Open our Bitcoin wallet or account screen on any Bitcoin exchange we have our Bitcoins stored in.
3. Use the Send function and put the receivers Bitcoin address and/or email in the “To:” box.
4. Carefully confirm amounts and addresses. Once we hit send, there is usually no method of canceling or recalling the transfer.