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Okay.

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So now that we know how to create a wallet and how to transfer money into that wallet, in this lecture,

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I want to show you how to transfer bitcoins from one wallet to another.

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Now, this is useful in so many scenarios.

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You might want to transfer from one wallet that you own to another for various reasons.

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You might want to transfer money to a friend.

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You might want to transfer money to a website or to a person for a service that they're going to give

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you.

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So in this lecture, we're going to see how to transfer money to and from an electron wallet.

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Now, one thing you should always keep in mind when using Bitcoins, the Bitcoin ledger or the whole

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blockchain is public.

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So all the transfers on the blockchain are visible to anyone in the world.

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Therefore, you should never transfer money to and from an account that you do not want to be linked

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to.

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Whether this account is a suspicious account or if it's an account that ties into your real identity,

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regardless of what the reason is, never send or receive bitcoins from accounts that you do not want

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to be linked to because the ledger is public and all transactions are visible to anyone in the world.

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So let's go to our electron wallet.

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As you can see here.

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Now, I've already logged in to the two wallets that I created previously.

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So on the left we have my legacy wallet, which I transferred money to using the Bitcoin ATM.

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And on the right I have the original wallet that I created.

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And as you can see, the balance in here is zero micro bitcoins.

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So I've touched on this before.

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If you want to receive money into your wallet, you go to the receive tab and you either share the QR

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code or the address in here.

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Both can be used to send money into this wallet.

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Now there is nothing wrong with sharing the address.

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People cannot take money out of the wallet using your address.

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They can only send money to it, so it's perfectly fine.

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The only thing that you should never share is the seed.

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So I'm going to copy this address.

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And we're going to go to the wallet that we want to send the money from.

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We're going to go to the send tab and we're going to set the pay to address to the address that we want

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to set the money to.

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You can also use this icon right here to pick a picture for a QR code, but we're only using an address,

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as you can see here.

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So there is no need for the QR code.

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You can set a description for this transfer.

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We'll just say test.

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You don't have to set this next.

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You need to set the amount in micro bitcoins that you want to transfer.

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So as you can see in my balance, I have 1.544 micro bitcoins and let's say I want to transfer 0.544.

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Next, you want to select the fee.

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This will decide how much you will pay for this transfer to take effect.

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The more you pay, the quicker the transfer.

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So you can use this slider to adjust it.

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And as you can see, as you move it right now, we selected the minimum amount of fees to pay for the

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transfer, but our transaction will be added within the next 25 blocks.

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So it will take a while until the money arrives into the destination wallet.

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Obviously the more you pay, the quicker the transaction is.

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And as you can see, if we set it to the highest, you can see that the transaction will be added in

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the next block.

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So this guy right here will receive his money very, very quickly.

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So this is nice, but it doesn't tell us exactly how much we will pay for the transaction.

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We just know that we'll pay the most possible amount.

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If you want to know exactly how much you're going to pay for the transaction, you can go to tools preferences.

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And in the fees tab.

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Make sure you check edit fees manually.

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I'm going to close this and as you can see right now, it's showing us how much exactly we're going

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to pay as a transfer fee.

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So when the slider is set to the highest, we're going to pay 0.2 micro bitcoins for the transfer.

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I'm going to reset this to the middle.

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And as you can see, our transaction in this case will be added within the next five blocks and we're

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going to pay 0.14 micro bitcoins.

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Once you're happy with all of the parameters, you can click on preview to get a summary of the transaction

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of all the information that you filled.

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Or you can just click on send to send the payment.

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Now, before it allows you to send this, it's going to ask you for the password that you set when you

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created this wallet.

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And as you can see right now, it's telling us that the payment is sent.

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And if you look in here and in here on the top, you can see that we got a new transaction and we can

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see it here in the history.

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The only problem is right now, it's telling us that it is not confirmed.

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That means that the payment has still not been verified yet.

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Give it a few minutes and it should change into confirmed.