OK so now that we know how to create a wallet and how to transfer money into that wallet.
In this lecture I want to show you how to transfer bitcoins from one wallet to another.
Now this is useful in so many scenarios you might want to transfer from one wallet that you own to another
for various reasons you might want to transfer money to a friend.
You might want to transfer money to a Web site or to a person for a service that they're going to give
you.
So in this lecture we're going to see how to transfer money to and from an electronic wallet.
Now one thing you should always keep in mind when using bitcoins the bitcoin ledger or the whole block
chain is public.
So all these transfers on the block chain are visible to anyone in the world.
Therefore you should never transfer money to and from an account that you do not want to be linked to
whether this account is a suspicious account or if it's an account that ties into your real identity
regardless of what the reason is.
Never sent or received bitcoins from accounts that you do not want to be linked to because the ledger
is public and all transactions are visible to anyone in the world.
So let's go to our electronic wallet.
As you can see here now I've already logged into the two wallets that I created previously.
So on the left we have my legacy wallet which I transferred money to use in the bitcoin A.T.M. and on
the right I have the original wallet that I created.
And as you can see the balance in here is zero micro bitcoins.
So I've touched on this before.
If you want to receive money into your wallet you go to the receive tab and you either share the QR
code or the address in here.
Both can be used to send money into this wallet.
Now there is nothing wrong with sharing the address.
People cannot take money out of the wallet using your address.
They can only send money to it.
So it's perfectly fine.
The only thing that you should never share is the seed.
So I'm going to copy this.
Address and we're going to go to the wallet that we want to send the money from.
We're going to go to the send tab and we're going to set the P. to address to the address that we want
to set the money to.
You can also use this icon right here to pick a picture for a QR code.
But word on the use in an address as you can see here so there is no need for the QR code.
You can set a description for this transfer.
We'll just say test you don't have to set this next.
You need to set the amount in micro bitcoins that you want to transfer.
So as you can see in my balance I have one point five four four micro bitcoins and let's say I want
to transfer zero point five for four next.
You want to select the Ft.
This will decide how much you will pay for this transfer to take effect.
The more you pay the quicker the transfer.
So you can use the slider to adjust it.
And as you can see as you move it.
Right now we selected the minimum amount of fees to pay for the transfer.
But our transaction will be added within the next 25 blocks.
So it'll take a while until the money arrives into the destination wallet.
Obviously the more you pay the quicker the transaction is.
And as you can see if we set it to the highest you can see that the transaction will be added in the
next block.
So this guy right here will receive his money very very quickly.
So this is nice but it doesn't tell us exactly how much we will pay for the transaction.
We just know that we'll pay the most possible amount if you want to know exactly how much you're going
to pay for the transaction.
You can go to Tools preferences and in the fees tab.
Make sure you check added fees manually.
I'm going to close this and as you can see right now it's showing us how much exactly we're going to
pay as a transfer fee.
So when the slider is set to be highest we're going to pay zero point to micro bitcoins for the transfer.
I'm going to reset this to the middle.
And as you can see our transaction in this case will be added within the next five logs and we're going
to pay zero point one for micro bitcoins.
Once you're happy with all of the parameters you can click on preview to get a summary of the transaction
of all the information that you filled.
Or you can just click on send to send the payment.
Now before it allows you to send this is going to ask you for the password that you set when you created
this wallet and as you can see right now it's telling us that the payment is sent and if you look in
here and in here on the top you can see that we got a new transaction and we can see it here in the
history.
The only problem is right now it's telling us that it is not confirmed.
That means that the payment has still not been verified yet.
Give it a few minutes and it should change into confirmed.