The Ultimate Beginner’s Guide to Sending Cryptocurrency

The-Ultimate-Beginner’s-Guide-to-Sending-Cryptocurrency
  • Kasta provides a great platform for instant crypto payments
  • Send multiple cryptocurrencies seamlessly with Kasta 
  • Kasta app is available on both Android and iOS devices

Cryptocurrencies have expanded their utility over time—from mostly being used for trading and yield multiplication to being accepted as a payment method in various businesses, such as for shopping, dining, gaming, and more. 

Considering that more individuals also use crypto for remittances, bills, and personal transactions, it’s safe to say that crypto is slowly becoming a part of the day-to-day. And if you’re new to crypto and are planning to use coins or tokens to pay a friend or to conduct any other peer-to-peer (P2P) transaction, here’s the ultimate beginner’s guide to sending cryptocurrency for you.

4 Common Ways People Send Crypto to Another User 

You can send crypto to another user in various ways. Some of these include:

1. Using a P2P crypto payment app

A P2P crypto payment app like Kasta could be a great option if you’re looking for a platform that allows instant crypto payments. Crypto payment apps are primarily made for sending and receiving crypto the easiest way possible, so they often require fewer steps in processing crypto transactions as compared to exchanges and other ways of sending crypto.

2. Using an exchange

Many crypto users buy, sell, and trade crypto using an exchange, so some of them also use the exchange for crypto payments. They do that by using the recipient’s wallet address as the destination of the crypto they withdraw from the exchange. The process of sending crypto from an exchange may also require more details such as the recipient’s network type, destination tag or memo, etc.

3. Going to a P2P marketplace

Some crypto exchanges and platforms have a P2P marketplace where you can directly transact with other users, whether to buy, sell, send or receive crypto as payment.

4. Using a crypto gift card

If you’re sending crypto to a friend or a loved one, you can make the transaction a bit more special by using a crypto gift card. Merchants that offer crypto gift cards usually ask you the currency and the amount you’d like to send, and they forward them via email or through other streams. The recipient can claim the assets by following the instructions attached to the email or card.

How to Instantly Send Crypto?

If you’re looking for the fastest way to send crypto to another user, you can sign up for a Kasta account, finish the KYC verifications, and follow these steps:

1. Log in to the Kasta app. 

2. Go to the home page, and start adding crypto to your wallet by clicking “Add Funds.” 

3. Click “Deposit from a wallet” to move assets from an exchange or external wallet to the Kasta app. 

4. Choose the currency you’d like to send. 

5. Copy your Kasta wallet address.

6. Go to the exchange or the external wallet, paste your Kasta wallet address on your chosen currency’s withdrawal page, and proceed with the transaction. 

7. Once you’ve received the assets into your Kasta wallet, go to the home page and click “Send.” 

8. Scan the Kasta QR code of the recipient or enter the mobile number they used on their Kasta account. 

9. Choose the currency, and enter the amount you’d like to send. 

10. Confirm the transaction with your pin code. 

11. You’re done! If the transaction was successful, the other user would instantly receive the crypto you sent.

Note: If the recipient is not a Kasta user, you can still send them crypto through the app’s “Withdraw” button.

The Bottomline

Facilitating crypto payments are easier now than ever, with more platforms offering convenient ways to send and receive crypto. But at the end of the day, it’s best to choose a platform that caters to what matters to you most, whether it’s instant transactions, security, ease of use, variety of currencies, etc.

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