Sending cryptocurrency is a multi-step process that varies slightly between wallets and exchanges but follows the same general flow. Here’s how it works.
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Crypto Payments
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Step 1: Open Your Wallet
Start with the wallet or exchange where your cryptocurrency is held. This could be a software wallet (MetaMask, Trust Wallet), hardware wallet (Ledger, Trezor), or an exchange account (Binance, Coinbase).
Step 2: Select the Cryptocurrency and Amount
Choose which cryptocurrency you want to send (Bitcoin, Ethereum, USDT, etc.) and how much. Most wallets let you enter either the crypto amount or the equivalent fiat value.
Step 3: Enter the Recipient’s Address
Get the recipient’s wallet address for the specific cryptocurrency you’re sending. Every cryptocurrency has its own address format—a Bitcoin address looks different from an Ethereum address.
Critical: Paste the address rather than typing it manually. Double-check that the first and last several characters match. There is no way to reverse a crypto transaction sent to the wrong address. Some wallets let recipients share a QR code instead of typing the address, which reduces error risk.
Step 4: Select the Network
For some cryptocurrencies, especially tokens like USDT, you need to specify which blockchain network to use. USDT runs on multiple networks (Ethereum, Tron, BNB Chain, Solana, etc.). The recipient must be able to receive on the network you choose—otherwise funds may be lost.
Always confirm the network matches what the recipient expects.
Step 5: Set the Transaction Fee
Network fees (gas fees) go to validators/miners who process your transaction. Higher fees generally mean faster confirmation. Most wallets offer presets (slow/medium/fast) or let you customize the fee.
For urgent transactions, set fees on the higher end. For non-urgent transfers, lower fees work fine—just expect longer confirmation times.
Step 6: Review and Confirm
Before confirming, verify:
- The recipient address (again)
- The amount
- The network
- The fee
Once you confirm, the transaction is broadcast to the network. After a sufficient number of confirmations (this varies by cryptocurrency and the receiving platform), the transfer is complete.
Common Mistakes
- Wrong network: Sending USDT on Ethereum to an address that only supports USDT on Tron. Recovery is usually impossible.
- Wrong address: Typos in addresses. Always copy-paste and verify.
- Insufficient fees: Setting fees too low during network congestion can cause transactions to get stuck for hours or days.
- Sending unsupported tokens: Sending a token to a contract address that doesn’t support it.
How Businesses Receive Crypto
Businesses receiving cryptocurrency from many customers need more than a single wallet address. They need to generate unique addresses per customer or transaction, monitor the blockchain for incoming payments, confirm transactions, and reconcile payments with orders.
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B2BINPAY handles this infrastructure for businesses. It generates unique deposit addresses, monitors incoming transactions, confirms payments, and can auto-convert to stablecoins or fiat. Businesses integrate via API rather than managing individual wallet addresses manually.
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Summary
Sending crypto involves selecting the asset, entering the recipient’s address accurately, choosing the correct network, setting an appropriate fee, and confirming the transaction. The most important step is verifying the address and network before confirming—crypto transactions cannot be reversed. Businesses handling many incoming payments use payment gateway infrastructure rather than manual address management.
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