DeutschYou will usually have cryptocurrencies stored in your wallet. In order to send a certain number of crypto coins, you must log into this wallet and initiate the sending of the coins by means of confirmation by the private key.
Wallet as Storage Location for Crypto Coins
Before you can send crypto coins, you need to know where and how many coins are stored. Usually this will be the case in your wallet, which exists on the market in the following versions:
- Online wallet
- Paper wallet
- Hardware wallet
Another option is that the crypto coins are not in a wallet, but are only kept in a crypto account on the corresponding crypto coin exchange.
Log into the Wallet and Check the Balance
Another important step before you can start sending the crypto coins is to access the corresponding wallet and check the coin balance in this context. Of course, you can only send as many coins as are stored in your wallet as stock. After this step has also been completed, you can start sending the cryptocurrency in the following. However, you still need an important piece of information for this, namely the recipient address.
Public Key of the Recipient Required
In order to ultimately be able to effectively send crypto coins from your wallet, you need your personal private key on the one hand and, on the other hand, you must of course know the recipient address, i.e. the public key of the person to whom you would like to send crypto coins. You enter this address when sending the coins in the same way as the number of crypto coins you would like to send. Then you should check this information again and then you can carry out the sending of the coins. The recipient will then usually be able to view the credit of the crypto coins on his wallet a few seconds or minutes later – depending on the cryptocurrency.
Receive Crypto Coins Yourself
Of course, you can not only send crypto coins, but you also have the option of receiving coins. In this case, the process is exactly the opposite of the one described above, so that you only have to tell the sender of the coins your public key. Under no circumstances should you give out your private key, because this is actually only needed if you want to send coins from your wallet. To receive the coins, however, the public key, i.e. the public key, is completely sufficient. As a rule, you can retrieve the coin balance to your wallet a few minutes after the other person has sent it.
