How to send Bitcoin from eToro to another wallet. Cryptocurrency has revolutionized the way we manage and transfer digital assets. One of the popular platforms for managing these assets is eToro Money. If you’re looking to transfer coins from your eToro Money crypto wallet to an external wallet, following the correct procedure is essential to ensure a smooth transaction. This guide will walk you through the steps to safely send cryptocurrency, such as Bitcoin or Ethereum, from your eToro Money wallet to an external wallet address. Let’s dive into the process step by step.
1. Accessing Your eToro Money Crypto Wallet
To transfer your digital assets, you must access your crypto wallet through the eToro Money app. Follow these instructions:
- Open the eToro Money app on your mobile device and sign in using your credentials.
- Once logged in, locate the ‘Crypto’ icon at the bottom of the screen. Tap this icon to view the different cryptocurrency wallets available in your account.
2. Choosing the Cryptocurrency You Want to Send
After accessing the crypto section, you can select the type of cryptocurrency you wish to transfer.
- Scroll through your available wallets and tap the specific crypto (e.g., Bitcoin, Ethereum, or Litecoin) that you want to send.
- Next, tap the ‘Send’ button to initiate the transaction process.
3. Entering the Amount and Recipient’s Public Address
The next step is to input the amount you wish to transfer and enter the recipient’s wallet address.
- Input the desired amount of cryptocurrency you want to send.
- You will then need to provide the recipient’s public address. This is a crucial step, as any errors in the address could result in the loss of your funds. You can either type the public address manually or use the camera icon to scan the recipient’s QR code, which will automatically populate the address.
4. Verifying the Recipient’s Address
Before completing the transaction, ensure that the recipient’s public address is accurate.
- Double-check the address to avoid sending your coins to the wrong wallet. An incorrect address could result in permanent loss of your cryptocurrency.
- Once you’re sure the address is correct, proceed by tapping the ‘Send’ button.
5. Confirming the Transaction with SMS Verification
To add an extra layer of security, eToro will require you to verify your transaction via SMS.
- After tapping ‘Send,’ you will receive a SMS code on your registered mobile number.
- Enter the received code in the app and tap ‘Verify’ to finalize the transaction.
6. Transaction Confirmation and Monitoring
Once your transaction request has been submitted, you will receive an on-screen confirmation.
- A confirmation screen will appear, notifying you that your request has been received and is being processed.
- To monitor the progress of the transaction, you can tap on the relevant cryptocurrency to see all recent transactions and check the status of your request.
7. Using Blockchain Explorers for Verification
If you want to check the validity of the public address or track your transaction on the blockchain, you can use an online blockchain explorer.
- Simply navigate to a blockchain explorer for the specific cryptocurrency and input the public address to verify its accuracy and validity.
Conclusion: A Secure Way to Transfer Crypto with eToro Money
By following these simple yet crucial steps, you can securely transfer your cryptocurrency from your eToro Money wallet to an external wallet. Always ensure that you double-check the recipient’s address to prevent any potential errors, and use the SMS verification feature to add an extra layer of security. Additionally, using blockchain explorers is an excellent way to verify public addresses and track your transactions in real time.
Whether you’re transferring Bitcoin, Ethereum, or another digital asset, eToro Money ensures that your transactions are as safe as possible.
