HanjiArtistry
Tue Jun 11 2024
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6 answers
985
What happens when you send crypto to a friend?
Could you please explain what exactly happens when I transfer cryptocurrency to a friend? I'm curious about the entire process from start to finish. For instance, how does the transaction get initiated? What role does the blockchain play in this? And how does my friend receive the crypto on the other end? Is there any sort of verification or confirmation required? I'm also wondering about the security aspect of it - is the transaction secure, and how can we ensure that? Lastly, are there any fees involved in sending crypto, and if so, how are they calculated? Thank you for clarifying these points for me.
