Worried about messing up when sending Bitcoin? You’re not alone. A mistake like copying the wrong address, tapping the wrong Withdraw option in the top right corner, or choosing the wrong network can put your assets at risk. And unlike bank transfers, there’s no Undo button in crypto.
Things get even trickier when transferring funds across different wallets or platforms. Each hides buttons in different places, labels things oddly (Receive, Note, Address, Transfer), and doesn’t always warn you about common pitfalls.
This article simplifies the process, and by the end, you’ll know how to send Bitcoin to another wallet with ease and how to send Bitcoin from Binance to another wallet address.
What You Need Before Sending Bitcoin to Another Wallet
1. A Bitcoin-Compatible Wallet (Custodial or Non-Custodial)
You can use an exchange-based wallet (custodial), like the one in your Binance account, or a self-custody wallet (non-custodial) such as Ledger Live or Trust Wallet. Make sure the wallet you’re using supports sending BTC and lets you complete a withdrawal to external wallets.
If it’s a self-custody wallet, you’ll also need access to your private keys or seed phrase.
2. The Recipient’s Wallet Address
This is the deposit address of the person or platform to which you’re sending BTC. You can either paste it into the address field or scan a QR code on your mobile. However, always double-check the address before confirming the transaction. A single wrong character can send your Bitcoin to the wrong place permanently.
3. Enough BTC in Your Wallet
Your wallet balance must cover both the amount you’re sending and the network fee. It’s easy to overlook, but yes, withdrawing crypto isn’t free.
*Optional: Know How Transaction Fees Work
Bitcoin network fees change with demand. While you don’t need to geek out over it, understanding that fees go to miners and are required to confirm your transaction can help avoid surprises. Using something like Ledger Live will give you a fee estimate and let you choose between faster or cheaper options.
Main Ways to Send Bitcoin to Another Wallet
Depending on how you manage your assets, there are several ways to send Bitcoin. Here are the most common options:
- Through a centralized exchange such as Binance, Coinbase, or Kraken;
- Via a mobile or desktop wallet like Trust Wallet, Exodus, or Electrum;
- Using a hardware wallet like the Ledger or Trezor;
- With third-party services such as Strike, BitPay, or PayPal;
- Through peer-to-peer platforms with wallet transfer support.
Please note that each method has pros and cons regarding control, security, and fees. Just ensure the one you choose supports the right network and lets you handle your withdrawal safely.
Universal Steps to Send Bitcoin to Another Wallet
Step 1. Access Your Wallet or Exchange
Start by logging into your Bitcoin-compatible crypto wallet or exchange account. To protect your funds, make sure your security settings, like 2FA, are enabled. Depending on the situation, you may need to unlock the app or connect a hardware wallet like Ledger.
Step 2. Find the Send or Withdraw Option
Go to the section labeled Send, Withdraw, or Transfer Crypto. You’ll usually find it under the main wallet or assets tab. This is where you’ll begin the withdrawal process.
Step 3. Enter the Recipient’s Bitcoin Address and Network
Paste or scan the recipient’s wallet address in the designated address field. Always double-check the address, because sending BTC to the wrong one can’t be reversed. Then, select the correct network for Bitcoin, which is the BTC network (not BEP20, ERC20, etc.).
Using the wrong network could lead to permanent loss, so ensure you double-check the details.
Step 4. Choose the Amount and Review Fees
Enter the amount of Bitcoin you want to send. You’ll see the estimated network fee and total withdrawal amount. Some platforms offer dynamic fees depending on speed. A higher fee means faster confirmation.
Step 5. Confirm and Authorize the Transaction
Click Withdraw or Send, then go through the required security verification steps, such as email confirmation, 2FA, or hardware device approval. Once the transaction is submitted, the network will process it.
Step 6. Track the Transaction
After sending, you can track its status using the transaction ID (TXID) provided. Use a blockchain explorer like Blockchain.com to confirm that the funds reached the recipient’s wallet.
Next, we’ll walk through these exact steps on major platforms like Binance, Trust Wallet, and Ledger Live so you know exactly where to click, tap, or paste.
Applied Example: How to Send Bitcoin from Binance to Another Wallet
Step 1. Log in to Your Binance Account
Start by signing in to your Binance account using your credentials. If you haven’t registered yet, create an account and complete the necessary security verifications (including KYC). Without access to your verified account, you won’t be able to manage or withdraw crypto assets.
Step 2. Go to the Crypto Withdrawal Section
Once inside your Binance dashboard, navigate to Wallet > Fiat and Spot, then click Withdraw. On the Binance app, you can find this via the menu bar or by tapping your profile icon and selecting Withdraw from the drop-down menu.
Next, select Withdraw Crypto, choose Bitcoin (BTC) from the list of assets, and proceed to the next step.
Step 3. Add the Recipient’s Wallet Address & Choose Network, Enter the Amount, and Confirm the Transfer
In the address field, paste the recipient’s wallet address or scan their QR code. Make sure the withdrawal and deposit network match: for Bitcoin, select the BTC network. Choosing the correct network is mandatory, as a mismatch will result in permanent loss of funds.
Please double-check the address and the selected network before you continue. The network fee is also shown here (typically $1–$5, depending on congestion).
Now, input how much Bitcoin you want to send. Binance will calculate the transaction fee and show the final amount that will be delivered to the recipient’s address. Click Withdraw, complete the security verification (such as 2FA), and confirm the withdrawal. Binance will generate a transaction ID (TXID) so you can track the status of your transfer.
Step 4. Wait for Confirmation and (Optional) Verify Delivery
Once submitted, the transaction will be processed on the blockchain. Depending on the network congestion and fee, it may take a few minutes to an hour.
To confirm the transfer:
- Track the TXID in a block explorer;
- Check the recipient’s crypto wallet (or Ledger Live app if it’s a hardware wallet);
- Look for notifications from Binance about a successful withdrawal.
Applied Example: How to Send Bitcoin from Trust Wallet to Another Wallet
Step 1. Open Trust Wallet and Access Your Bitcoin Wallet
Launch the Trust Wallet app on your mobile device or use the browser extension, and select Bitcoin from your list of assets. This will take you to your BTC wallet, where you can see your balance and transaction history.
Step 2. Initiate the Transfer, Enter Recipient Details, Specify the Amount, and Review Fees
Tap the Send button to start the withdrawal process. In the address field, paste the recipient’s Bitcoin wallet address or scan their QR code for accuracy. Always double-check the address.
Enter the amount of BTC you want to send. Trust Wallet will automatically calculate the network transaction fee based on current congestion. Take a moment to review the total cost and ensure it fits your expectations.
Step 3. Confirm and Complete the Transaction
Once you’ve verified the recipient’s address and amount, confirm the transaction by tapping Preview and then Confirm. Trust Wallet will process the withdrawal and provide a transaction ID so you can track its confirmation status on the blockchain.
After confirmation, the recipient’s wallet will show the transferred Bitcoin. This same process applies when sending BTC to other Bitcoin-compatible wallets.
Applied Example: How to Send Bitcoin from Ledger Live to Another Wallet
Step 1. Open Ledger Live and Select Your Bitcoin Account
Open the Ledger Live app and head to the Accounts tab. Choose the Bitcoin account from which you want to send crypto.
Step 2. Tap “Send” and Fill Out the Transfer Details
Click or tap Send, then paste the recipient’s Bitcoin address into the correct address field. Always double-check the address to avoid sending to the wrong wallet. You can also scan a QR code if available.
Next, enter the amount of BTC you want to send. Ledger Live will calculate network fees based on blockchain traffic, but you can select from multiple networks and fee levels using the dropdown menu. It’s crucial to select the correct network to avoid failed or lost transactions.
Step 3. Connect Your Ledger Device and Confirm the Transfer
Once your details are filled in, connect your Ledger device and verify everything on-screen. This extra step helps ensure you’re sending to the right place with full security control. Confirm the amount, recipient address, and network on your Ledger’s screen, then approve the transaction.
Step 4. Check Status and Save the Transaction File (Optional)
After sending, you’ll see the transaction status in Ledger Live. You can also view and save a transaction file for personal records or compliance. The transaction ID can be used to track progress on a block explorer.
FAQ
What Is a Bitcoin Wallet Address?
A Bitcoin wallet address is a unique alphanumeric code used to receive Bitcoin. It works like a digital account number and is linked to a specific crypto wallet, whether that’s on an exchange, mobile app, or hardware device. Each address is specific to a blockchain and must match the network being used for the transfer.
Can You Send Money with Bitcoin?
Yes, Bitcoin can be used to send money directly to another person’s wallet. Instead of a traditional bank account, you’ll send funds to their Bitcoin address. The process is peer-to-peer, secure, and works globally, often faster and cheaper than bank transfers, depending on
Where Do I Find the Recipient’s Bitcoin Address?
The recipient’s Bitcoin address can usually be found in their crypto wallet or exchange account’s Receive or Deposit section. It’s a long string of letters and numbers, sometimes including a QR code. Before sending, always verify it’s the correct address and on the right network to avoid losing your funds.
Can I Send Bitcoin to a Wallet on a Crypto Exchange Like Crypto.com?
Yes, you can send Bitcoin to wallets hosted on exchanges like Crypto.com, Binance, or Coinbase. Make sure you’re using the correct Bitcoin deposit address from that platform, and select the Bitcoin network for the transaction. Using the wrong network could result in the irreversible loss of your BTC.
Can I Send Bitcoin to Someone Without a Wallet?
No, you can’t send Bitcoin to someone who doesn’t have a wallet. To receive Bitcoin, the other person must provide you with a valid Bitcoin address, which is only generated through a crypto wallet. If they don’t have one, they must set one up using a crypto exchange or wallet app before transferring any BTC to them.
Conclusion
I hope that cleared things up. Next time you tap Withdraw or copy an address, you’ll know exactly what to look for. Whether you’re receiving assets or sending them out, staying sharp with the basics keeps your Bitcoin safe and your stress level low.
Always double-check the network, review the amount, and confirm the recipient’s information before hitting send. These quick habits can prevent costly mistakes.
And if you’re ever unsure? Pause. Triple-check. Then tap with confidence.
