The cryptocurrency global market recorded about 300 million identity-verified users in the first quarter of 2022. Experts look forward to these figures continuously rising, with more individuals using crypto on personal transactions, remittances, shopping, and dining, and more businesses accepting crypto as a payment method for offerings and services.
If you hold crypto assets and are thinking of using them for peer-to-peer (P2P) transactions, whether to send Bitcoin or other tokens to your loved ones, pay for something you bought from a friend, buy specific tokens, or for any other reason, here’s how you can get started.
How to Send Crypto to Another User
The crypto market is fully digital so sending crypto assets to another user is easy and convenient if you’re online. You can send crypto to family and friends using different platforms, such as an exchange, a crypto wallet, a crypto investment platform, or a crypto payment app.
a. Using an exchange or crypto wallet
For most platforms, the process of sending crypto goes like this:
1. Log in to your account.
2. Go to the page or screen of the token you’d like to send (e.g., Bitcoin, Ethereum, $KASTA, etc.).
3. Click the “Send” or “Withdraw” button, depending on what the platform uses.
4. Paste the wallet address of the recipient.
5. Choose the network type (e.g., Polygon, ERC-20, etc.) if applicable.
6. Enter the amount you’d like to send.
7. Confirm the transaction.
8. The recipient will receive the assets within a few minutes to a few hours, depending on the platform.
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b. Using the Kasta app
However, if you’re looking for a faster and easier way to send crypto to another user, you can use Kasta, a P2P crypto payment app. Kasta allows users to send crypto using just a mobile number or QR code. Below is the step-by-step guide.
b. 1 If the recipient is a Kasta user:
1. Open the Kasta app and log in.
2. On the home page, click the “Send” button.
3. Scan or upload the Kasta QR code of the other user, or enter the phone number they used on their Kasta account.
4. Choose the crypto you’d like to send.
5. Enter the amount.
6. Enter your pin code to confirm the transaction.
b. 2 If the recipient doesn’t have a Kasta account:
1. Open the Kasta app and log in.
2. Once you’re on the home page, choose the crypto asset you’d like to send (e.g., Bitcoin, Ethereum, $KASTA, etc.).
3. Click “Withdraw.”
4. Enter the wallet address of the recipient.
5. Enter the amount you’d like to send.
6. Enter your pin code to confirm the transaction.
How to Receive Crypto from Another User
Just like sending crypto, receiving crypto assets also takes just a few steps on most platforms. The step-by-step guide is as follows.
a. Using an exchange or crypto wallet
1. Log in to your account.
2. Go to the page or screen of the token you’d like to receive (e.g., Bitcoin, Ethereum, $KASTA, etc.).
3. Click the “Receive” or “Deposit” button, depending on what the platform uses.
4. Copy your wallet address and take note of the other details (i.e., network type, memo ID, etc.)
5. Share your wallet address and other details with the sender.
6. Wait for the sender to finish the transaction.
Note: Different platforms process transactions in various timelines. While some allow you to receive assets in just a few minutes, others may take a few hours to a few days.
b. Using the Kasta app
Meanwhile, here’s how you can receive crypto assets instantly using the Kasta app.
b. 1 If the recipient is a Kasta user:
1. Log in to your Kasta account.
2. Once you’re on the homepage, click the “Receive” button.
3. Share your Kasta QR code or phone number with the sender.
4. Wait for the sender to process the transaction.
b. 2 If the recipient doesn’t have a Kasta account:
1. Log in to your Kasta account.
2. Once you’re on the home page, choose the crypto asset you’d like to receive (e.g., Bitcoin, Ethereum, $KASTA, etc.).
3. Click “Add Funds.”
4. Click “Deposit from a wallet.”
5. Copy your wallet address.
6. Share the wallet address with the sender.
7. Wait for the sender to process the transaction.
Conclusion
Cryptocurrencies are becoming part of the day-to-day transactions of many. The good thing is that sending and receiving crypto assets can be as easy as sending an email, especially when you use a platform like Kasta that contains easy, user-friendly features.
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