How Bitcoin is being transferred?

How Bitcoin is transferred

bitcoin.-org-rss-feed How Bitcoin is being transferred?A Bitcoin transaction is encrypted and digital.

Ledger Nano S - The secure hardware wallet

The transaction is signed by the sending/outgoing wallet.

Then it is broadcasted on the internet and listed on the Block Explorer log that keeps track of all bitcoin transactions.

This log is divided into blocks. Once a block is locked (in average every 10 minutes) the actual transaction takes place.

It is recommended to wait until there are at least 2-3 confirmations in order to ensure a bitcoin transaction.

Don’t forget to get a wallet – Keep your coins safe!
bitcoin.-org-rss-feed How Bitcoin is being transferred?It is strongly advised not to store your cryptocurrency on an exchange, only on a dedicated wallet that you own. Here you can read more about what is a Bitcoin Wallet.

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