How to Send Cryptocurrency to Your Friends Using Crypto.com

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  • Опубликовано: 11 сен 2024
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    What is Bitcoin?
    Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain.
    Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others.
    Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins.
    Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.
    Is Bitcoin money?
    Good question! The short answer is yes! But the long answer requires that we talk a little about what “money” is or what it should be.
    Money is basically an idea. It is a system that we can all agree upon which allows us to exchange value, so we do not have to carry around cows or chickens with us to trade for the things we need.
    An ideal money or “currency” should have the following properties:
    Portable
    Fungible (interchangeability)
    Dividable
    Durable
    Cognizable (easily identified)
    Stable
    Does Bitcoin fit the bill?
    Well it’s certainly portable. It is all digital. It weighs nothing (unlike gold which can be heavy and bulky in large amounts. For that matter, traditional paper currencies can also become heavy and bulky in large amounts!). It can be sent across the room or around the world with the same ease and comfort. You can carry it on a piece of paper, a laptop, or even your smart phone.
    It is Fungible. Every bitcoin is like every other bitcoin (unlike shells, beads, and traditional precious metal coins which can be “shaved” or diluted in purity)
    It is dividable. It is actually one of the most dividable currencies ever conceived! It is possible to spend small fractions of bitcoins and no need exists to make change. When was the last time you were able to spend 1/8 of a penny?
    Bitcoin is durable. It is protected by strong encryption and the Blockchain exists in thousands if not millions of locations simultaneously. You would literally have to delete the blockchain from every computer and smart phone in the world to destroy a bitcoin.
    Bitcoin is cognizable or easily recognized. It’s based on math. No one can dispute a number or deny that 1 + 1 =2. People are just beginning to understand what Bitcoin is. There is a bit of a learning curve. But once you are familiar with it, you will know it when you see it.
    Is Bitcoin stable? Well the current value of a bitcoin has been quite volatile lately in relation to other traditional currencies. But the Bitcoin plan calls for the creation of only 21 million bitcoins. In this way, Bitcoin will try to avoid the pitfalls of modern fiat currencies such as inflation, deflation, market manipulation, monetary policy, quantitative easing, and other central manipulations that effect the day-to-day value of the money we use.

Комментарии • 63

  • @NBWDOUGHBOY
    @NBWDOUGHBOY 3 года назад +4

    Man. I needed this video. I was sooo lost. I don't even know where my wallet is.

  • @ferdousahmadi6101
    @ferdousahmadi6101 2 года назад

    Hi could you please help me out I just send my Crypto to wrong address?

  • @lindatigner9091
    @lindatigner9091 2 года назад +4

    my screen doesn't show an icon for send

    • @thesansefys
      @thesansefys 4 месяца назад

      Click pay and then it shows up

  • @ss.savage
    @ss.savage 4 года назад +5

    how do i send bitcoin to a address ? like to fund a fx account

    • @ForexToProfits
      @ForexToProfits 3 года назад

      Same question... How to send to an address?

  • @Sunflower-zw7zn
    @Sunflower-zw7zn 3 года назад +2

    Thank you so much! I was so lost tranna find any tips about it, you gave me a big help with this video, thanks again!

  • @lucasroy3692
    @lucasroy3692 4 года назад +2

    But how do I send with a bitcoin link

  • @Biddison100
    @Biddison100 4 года назад +4

    I'm thinking if we could keep sending to friend to earn 10% cash back and send it back and forth to earn 10%? lol

  • @skorpyo331
    @skorpyo331 3 года назад +1

    If we hv their btc address? I would just send it to an external wallet?

  • @ericsmith1553
    @ericsmith1553 8 месяцев назад

    Is there a fee to send crypto to anyone? What about Etherium? Is there a charge for that as well?

  • @nkwocha_berniceartist3139
    @nkwocha_berniceartist3139 Год назад

    You didn't see bitcoin.

  • @Lip22Gloss
    @Lip22Gloss 3 года назад

    Thank you so much for this video!

  • @runitback2back
    @runitback2back 4 года назад +1

    Is there a way to send your Crypto to a Ledger ?

  • @andrewburton4584
    @andrewburton4584 2 года назад

    Thank you very much!!

  • @thugaduke2289
    @thugaduke2289 Год назад

    why dont my have a send button

  • @beto7680
    @beto7680 2 года назад

    Do I need to make a acount or have a bank account to send money threw bitcoins

  • @hss8417
    @hss8417 3 года назад

    I was suppose to aend bitcoin to company but I send to exchange wallet, how to send there to tht company

  • @nightaox3954
    @nightaox3954 2 года назад

    Not working. Maybe they discontinued the service..

  • @Markiekushdout
    @Markiekushdout 2 года назад

    Am I the only one that doesn’t know what button to hit at the top

  • @tonybarfield3974
    @tonybarfield3974 3 года назад +1

    Rex can you I send XRP to another crypto member?

  • @netuser247
    @netuser247 5 лет назад

    How does the Netflix and Spotify cashback work - do you have to use the card to pay the subscriptions to prove you are using the services? Thanks

    • @CryptoDad
      @CryptoDad  5 лет назад +1

      Yes, If you are using the card to pay for these services, Crypto.com will detect it and award cashback bonus

  • @niemsherpa2244
    @niemsherpa2244 2 года назад

    Thank you sir

  • @derrickpierce2668
    @derrickpierce2668 Год назад

    I don’t have the send icon

  • @bryann5624
    @bryann5624 Год назад

    If someone sends me money can I use it to pay back a loan

  • @hayleybonnell4409
    @hayleybonnell4409 3 года назад

    is this a good crypto exchange?

  • @suhailghebil8840
    @suhailghebil8840 4 года назад

    hi and thanks for good views !! have to ask if you can transfer Mco to Fiat? how do you do if it goes?

    • @CryptoDad
      @CryptoDad  4 года назад +1

      You can't use MCO to directly top up your MCO card. But you can trade it for BTC and then use that to top up your MCO VISA card. Then you can use it to buy something or withdraw in cash from ATM

    • @suhailghebil8840
      @suhailghebil8840 4 года назад

      Rex Kneisley thanks

    • @suhailghebil8840
      @suhailghebil8840 4 года назад

      Rex Kneisley so then I can switch to BTC and then I can have Fiat and with that I can transfer it to my regular bank?

  • @CarlGennaro
    @CarlGennaro 3 года назад

    Doesn't work for me, it brings up contact and all I can do is call them, I never get to the pick cryto screen

    • @jalmoj67
      @jalmoj67 2 года назад

      If you use android, make sure you delete the one that on the phone and use the gmail contact instead

    • @CarlGennaro
      @CarlGennaro 2 года назад

      @@jalmoj67 using iPhone. Only one I ever used. But it's been so long ago I wrote this I have to rethink what I was doing. :)

  • @kattiadonnelly7094
    @kattiadonnelly7094 5 месяцев назад

    Can someone view your personal info on crypto

  • @parishmaher6307
    @parishmaher6307 3 года назад

    Thank you so much 💓.
    I been trying to figure it out for like a few months now, finally I found this video and be able know how now. Thank you so much.
    I subscribed and hit like.👍 ❤ 💐 🌹

  • @sl5154
    @sl5154 3 года назад

    Please someone help me. I have received a deposit from a friend, he did exactly what this videos teach but to receive the money I need to use a code to reflect it to my account and I dont know how to do it.

    • @sebastiaanfrancois4796
      @sebastiaanfrancois4796 2 года назад

      Do you have 10000 CRO staked? That is one of the conditions to receive the cash back

  • @lorrainemoliterno6580
    @lorrainemoliterno6580 3 года назад

    How do you verify yourself

  • @EzGzUs
    @EzGzUs 3 года назад

    Wanna send some my way?

  • @moosman6535
    @moosman6535 3 года назад

    💯💯💯

  • @IdentifyAsMu
    @IdentifyAsMu 5 лет назад +4

    My friends don't wanna hear anything about cryptos from me anymore so no I will not be sending them any anytime soon. Too bad from them. Mahalos Rex.

    • @CryptoDad
      @CryptoDad  5 лет назад +1

      It’s their loss!

    • @IdentifyAsMu
      @IdentifyAsMu 5 лет назад

      @@CryptoDad Trying to get my friends to purchase DGB while it's still under a penny. Ten years from now when I purchase Greenland...

  • @87Kidpoker
    @87Kidpoker 5 лет назад

    Hey rex 1st! No offence but Celsius Network is crushing it:)

    • @CryptoDad
      @CryptoDad  5 лет назад

      87Kidpoker No offense taken, I’ll check into it.

    • @87Kidpoker
      @87Kidpoker 5 лет назад

      @@CryptoDad Great, looking forward to it

  • @uverex251
    @uverex251 5 лет назад

    Rex I did apply for crypto.com viza and they said my region is not qualify, and I'm here in US, so what you think?

    • @CryptoDad
      @CryptoDad  5 лет назад

      I think there are certain states that they have not been approved in yet. They recently announced availability in Kansas: twitter.com/cryptocom/status/1166984592835801089?s=20