Go to the list of all blogs
John Jacques's Avatar
published in Blogs
Jun 19, 2023

How to Transfer Bitcoin – A Step-by-Step Guide

You’ve set up your bitcoin wallet and have acquired some bitcoins, and now you’re ready to use them – what’s next? Here’s a step-by-step guide to transferring bitcoins from one party to another using a software wallet. 

Step #1: Get the destination wallet address.

This is the place you want to send your coins (or receive them, if someone else is transferring coins to you). You can usually access this from the Receive/Deposit section of the receiving platform you are using. You can even generate new destination wallet addresses for increased privacy, all of which are tied to your account.

Step #2: Make sure the destination address is correct. 

Now that you have the address, copy and paste it to your platform’s Send/Withdraw section. But be VERY careful to double- or triple-check that the address is correct – crypto transactions are irreversible, and a typo almost certainly means permanently losing the bitcoins you were trying to send.

One way to avoid potential slip-ups is to scan a QR code (when available) for the destination address. It’s also helpful to practice the process first from start to finish using a smaller amount before you send over the bulk, so that any mistakes you make will have minimal impact on your (software) wallet.

Step #3: Confirm the transaction.

After you have checked the correct address, hit the confirm/send button to complete the transfer. 

Step #4: Now, you wait.

Bitcoin transaction confirmation times vary based on the number of blocks in the blockchain required for confirmation. Six (6) blocks has been adopted by the Bitcoin community as the standard confirmation period, and an average block typically takes 10 minutes to be confirmed into the blockchain, so an average transaction takes one hour to be finalized.

 

Will it always be an hour of wait time?

No. Wait time varies based on many factors – a congested network, varying block confirmations, a server being down for maintenance, and more can affect the time it takes.

I’m concerned about my unconfirmed transaction. Where can I check on it?

You can go to https://blockchain.info/unconfirmed-transactions for a real-time look at how many transactions are waiting to be confirmed.

Can I check the transaction status?

Yes, you can, by inputting the transaction hash or ID (which you received after the transaction was successfully submitted) in your blockchain explorer.You can also use the origin or destination address, but this involves manually locating your transaction within the address.

Are there transaction fees?

Occasionally. It differs based on network congestion and which service you are using to send bitcoins. Sending within an exchange is usually free, but sending between exchanges will often charge a fee.

Check your destination for your updated balance.

Everything looks good? Congratulations – you just transferred your first bitcoins!

Related Ticker: BCH.X

BCH.X's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for BCH.X turned positive on March 24, 2024. Looking at past instances where BCH.X's MACD turned positive, the stock continued to rise in of 66 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 23, 2024. You may want to consider a long position or call options on BCH.X as a result. In of 139 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BCH.X advanced for three days, in of 404 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

BCH.X broke above its upper Bollinger Band on March 31, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Market Cap

The average market capitalization across the group is 9.52B. The market cap for tickers in the group ranges from 9.52B to 9.52B. BCH.X holds the highest valuation in this group at 9.52B. The lowest valued company is BCH.X at 9.52B.

High and low price notable news

The average weekly price growth across all stocks in the group was -21%. For the same group, the average monthly price growth was 35%, and the average quarterly price growth was 0%. BCH.X experienced the highest price growth at -21%, while BCH.X experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the group was -7%. For the same stocks of the group, the average monthly volume growth was -33% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: (-100 ... +100)
View a ticker or compare two or three
BCH.XDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
Ad is loading...
Discover the dynamic world of cryptocurrency trading with Tickeron's AI analysis. Capitalize on bullish and bearish patterns in Origin Protocol (OGN.X), with gains up to 27.80%. Stay ahead with Tickeron's real-time insights and make informed trading decisions. #CryptoTrading #AIAnalysis #OriginProtocol #InvestSmart
#latest#popular#patterns#artificial_intelligence#trading#technical_analysis
Dive into the world of trading excellence with our Best AI Robot of the week! In a market characterized by growth, the key to maximizing profits lies not only in mainstream large-cap stocks but also in exploring opportunities across different market segments.
This article delves into the performance of AI trading robots, specifically those utilizing the "Swing trader: Long-Short Equity Strategy (TA&FA)." These bots showcased their prowess by delivering a notable +4.98% gain while engaging in MRNA trades over the previous week. Beyond mere statistics, we explore the technical indicators and recent earnings report of MRNA to shed light on the underlying dynamics influencing the stock.
Artificial intelligence (AI) trading bots have become powerful tools for investors seeking active trading opportunities. In a recent analysis conducted on the "Day Trader: High Volatility Stocks for Active Trading (TA&FA)" platform, AI trading bots exhibited impressive performance, generating a noteworthy +4.81% gain while actively trading Shopify (SHOP) over the course of the previous week.
In the dynamic world of finance, strategic asset acquisition is a game-changer. Recently, a group of stocks within this domain has been in the spotlight, showcasing notable performances and intriguing patterns. This article delves into the recent movements of these stocks, focusing on key indicators, market capitalization, notable price events, and volume dynamics.
The Tickeron quant team is delighted to introduce our best robot of the week tailored for Trend Traders. Our sophisticated AI Robot, has been designed for manual trading enthusiasts who value independent signal selection.
Tickeron's Quant team is delighted to introduce our latest AI-powered robot designed for trading small-cap stocks, employing a distinctive fundamental stock analysis algorithm. This algorithm, renowned for its blend of in-depth analysis and intuitive signal-following capabilities, is well-suited for both novice and seasoned traders.
The Tickeron quant team proudly presents our top-performing AI robot for swing traders. This robot stands out with its remarkable accuracy, empowering traders to capitalize on diverse market conditions and transaction types. Demonstrating its proficiency, it achieved profitability in short trades during last week's strong uptrend in the US stock markets.
One such example is the "Trend Trader: Popular Stocks (TA&FA)" platform, where AI trading robots demonstrated their prowess by generating a notable gain while actively trading Adobe Inc. (ADBE) over the previous week. In this article, we delve into a technical analysis of ADBE's recent performance, shedding light on key indicators and recent earnings results.
​​​​​​​The railroads sector, encompassing prominent players such as Canadian Pacific Railway (CP), CSX Corporation (CSX), Norfolk Southern Corporation (NSC), Canadian National Railway Company (CNI), and Union Pacific Corporation (UNP), has undergone a noteworthy surge in performance over the past week. However, a closer examination reveals a complex landscape marked by negative outlook signals and fluctuating market dynamics.
The Tickeron quant team is excited to introduce our premier AI robot, specifically optimized for Swing Traders. This tool represents the pinnacle of our technological advancements in trading algorithms. Excelling in the market, it has achieved an impressive feat, earning twice as much as the S&P 500 in just the past week.
In the whirlwind of the current mergers and acquisitions frenzy, investors are reaping substantial rewards as stocks within the merger industry theme surged by an impressive 20.9% on average over the past month.
The Tickeron quant team is delighted to introduce our top-performing AI robot tailored for beginners. Our AI Robot specializes in navigating the high-tech stocks within the NASDAQ 100 index, renowned for their liquidity and moderate volatility—making them an ideal choice for novice traders.
In the dynamic landscape of the US stock markets, where unpredictability has become the norm, finding a trading strategy that not only thrives in periods of growth but also shields against sharp corrections is paramount.
The Tickeron quant team proudly introduces our premier AI Robot, tailor-made for trend traders who prefer manual trading and selecting their own signals. This AI Robot stands out with its impressive track record of consistent trading predictions, empowering traders to align their decisions with personal preferences.
Tickeron is excited to highlight the exceptional performance of our top AI robot this week, given the recent downturn in major US stock indices. While the SP500, NASDAQ 100, and Dow Jones Industrial all experienced declines, our AI robot, thanks to its well-calibrated diversification across various industries, demonstrated remarkable resilience.
As the trading week came to a close on Friday, there were notable movements across various asset classes:
Tickeron's quant team diligently monitors developed trading algorithms daily to determine the most effective ones. Today, we are delighted to present three of the best robots tailored for swing traders, showcasing consistently positive results over several months, irrespective of market conditions. This week, they underscored their efficacy by yielding impressive gains across various stocks, even as major US stock indexes dipped.
Tickeron is excited to highlight the exceptional performance of our top AI robot this week. The US stock market has experienced a consistent upward trend for the past five months, heightening the anticipation of a forthcoming correction with each passing day.
Introducing our top-performing best AI Robot of the week, designed by Tickeron's expert quant team for trading small-cap stocks. This algorithm blends classical and proprietary technical indicators, honed through advanced machine learning, to empower users with effective portfolio diversification and maximum profitability in the dynamic market.