How To Send Money From Bitpay To Gemini
The Send tab is how you ship coin using Electrum. The screenshot beneath shows the Ship tab:
Permit's await at what the various fields are for:
Pay To: In order to pay someone with bitcoin you need their address. The address looks like a random cord of characters beginning with 1, 3 or bc1. For case:
1BitcoinEaterAddressDontSendf55kuE
3MeJVJ4C8rs5xTMy634cF11mdgxhzTpUnd
bc1qqjupx9ak8pey7vav38r96tkkw2t9jlu3qcnuv
Ask the recipient for their bitcoin accost, copy information technology to the clipboard and paste information technology into the Pay To field on the send tab.
Addresses are supposed to be unmarried utilize simply and then please don't assume the recipient controls old addresses. Get a fresh accost from them for every transaction unless they tell you otherwise.
In some cases when paying merchants on the web you don't use an address. Instead you click on a link and set that link to open with Electrum. Such links begin with "bitcoin:". In such cases the Pay To field is automatically populated with the merchant'due south name and the amount field is populated with the corporeality you need to pay the merchant.
The Pay To field is a required field.
Description: You tin can enter a description here for your own reference. It'll be displayed on the history tab entry for this transaction. The clarification is stored in your wallet file only and is not shared with anyone. Information technology is optional.
Amount: The verbal amount the recipient should become. This is required too.
And so you click pay and electrum displays this window:
Bitcoin transactions require a fee that is paid to miners. The fee slider lets you set a fee based on fee market conditions. You can motility the fee slider to the left to reduce the fee and to the right to increase the fee. The higher the fee y'all pay the quicker your transaction will confirm. If you lot suspension your mouse cursor over the fee slider it'll requite y'all some useful data virtually the fee charge per unit.
The fee is deducted from the wallet rest then the total amount that is spent is the value you put in the amount field plus the fee. More data about fees is given here.
Later y'all've filled out the details please double check them to make certain they are correct. Bitcoin transactions are irreversible then if yous make a fault you tin can't get your bitcoins back.
In one case you are sure everything is right enter your countersign and click on the Send push button to ship the bitcoin. Once it has sent the bitcoins Electrum will display the transaction ID of the payment. You can as well discover the transaction ID on the history tab by correct clicking on the relevant transaction and selecting details.
Source: https://bitcoinelectrum.com/how-to-send-bitcoins-using-electrum/
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