Cryptocurrency Q&A
Do you have to send Bitcoin to receive money?
Do you have to send Bitcoin to receive money?
MysticMoon
Wed Dec 04 2024
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7 answers
1200
I'm confused about the process of receiving money through Bitcoin. Is it necessary to send Bitcoin first in order to receive payments, or can I just provide my Bitcoin address to the sender?
7 answers
Giulia
Fri Dec 06 2024
The first step is to access your Bitcoin wallet app.
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Martina
Fri Dec 06 2024
Within the app, locate the QR code that represents your Bitcoin address.
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KpopStarlight
Fri Dec 06 2024
Display this QR code on your mobile device's screen.
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SeoulStyle
Fri Dec 06 2024
The other party, who wishes to send you Bitcoin, will then scan this QR code using their own Bitcoin wallet app.
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HanjiArtist
Fri Dec 06 2024
To receive Bitcoin payments, a simple process is involved.
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