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How Bitcoin is being transferred?

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


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The transaction is signed by the sending/outgoing wallet.

Then it is broadcast 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.

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Remember that it's not safe to leave large sums of money on any cryptocurrency exchange. That means you are leaving your money in someone else’s wallet. The best choice is a hardware wallet such as Trezor or Ledger. Click here to read our Guide to Bitcoin and Altcoins wallets 2019.

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