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OK so now that we know how to create a wallet and how to transfer money into that wallet.

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In this lecture 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 you might want to transfer from one wallet that you own to another

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for various reasons you might want to transfer money to a friend.

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You might want to transfer money to a Web site 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 electronic wallet.

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Now one thing you should always keep in mind when using bitcoins the bitcoin ledger or the whole block

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chain is public.

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So all these transfers on the block chain 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 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.

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Never sent or received bitcoins from accounts that you do not want to be linked to because the ledger

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is public and all transactions are visible to anyone in the world.

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So let's go to our electronic wallet.

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As you can see here now I've already logged into 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 use in the bitcoin A.T.M. and on

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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.

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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.

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Address 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 P. 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.

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But word on the use in an address as you can see here 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 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 one point five four four micro bitcoins and let's say I want

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to transfer zero point five for four next.

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You want to select the Ft.

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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 the slider to adjust it.

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And as you can see as you move it.

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Right now we selected the minimum amount of fees to pay for the transfer.

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But our transaction will be added within the next 25 blocks.

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So it'll 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 the

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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 if you want to know exactly how much you're going

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to pay for the transaction.

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You can go to Tools preferences and in the fees tab.

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Make sure you check added 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 to

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pay as a transfer fee.

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So when the slider is set to be highest we're going to pay zero point to 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 logs and we're going

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to pay zero point one for 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 is going to ask you for the password that you set when you created

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this wallet and as you can see right now it's telling us that the payment is sent and if you look in

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here and in here on the top you can see that we got a new transaction and we can see it here in the

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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.