LESSON 3 — Sending & Receiving Crypto
Learn how to send and receive crypto safely.
Lesson Goal
Learn how to send and receive crypto safely.
Receiving Crypto
To receive crypto, you need your wallet address.
A wallet address:
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Is a public string of letters and numbers
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Is safe to share
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Tells others where to send crypto
To receive crypto:
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Open your wallet
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Copy your wallet address
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Share the address with the sender
Always make sure the sender is using the correct network.
Sending Crypto
To send crypto, you will need:
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The recipient’s wallet address
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The correct network
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Enough balance to cover fees
Steps to send crypto:
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Paste the recipient’s wallet address
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Enter the amount
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Check the network carefully
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Confirm the transaction
Once sent, transactions cannot be reversed.
Transaction Fees
Most blockchains require a small fee to process transactions.
Fees:
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Pay network validators
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Vary depending on the network
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Are usually small but necessary
If you don’t have enough to cover the fee, the transaction will fail.
Common Mistakes to Avoid
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Sending crypto on the wrong network
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Copying the address incorrectly
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Sending a large amount without testing first
When in doubt, send a small test transaction first.
Staying Safe
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Before confirming any transaction:
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Double-check the wallet address
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Confirm the network
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Take your time
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Rushing causes most mistakes.
Lesson Complete
You now understand how to send and receive crypto safely.